CALEDONIAN GOLD MINING COMPANY (REGISTERED).

New Zealand Herald, Volume XI, Issue 3995, 1 September 1874, Page 3

CALEDONIAN GOLD MINING COMPANY (REGISTERED).

Tue annual meeting of the shareholders of the above company took place yesterday forenoon, at the offices of Mr. Tothill, Sliortland-street. Mr. C. J. Stone (chairman of the directors) presided. There was a large attendance of shareholders. The various reports were read. The directors' report recommended the approprirtion of £250 for the directors' honor:: - rium for the current year, and also notified the retirement of Mr. C. J. Stone from the directory by rotation, but who was eligible for re-election. The mine manager's report shewed that 4521 tons of quartz had been crushed daring the past year, with a yield of 4476 ozu. 7 dwts. gold. The report described the prospecting work undertaken during the year. The workmen were at present engaged in proving the ground between No. 1 reef and the N. W. boundary. A distance of 130 has yet to be driven, the cost to be borne between the Albion and the company. The old workings have been well turned over, and have yielded quite up to expectations. There was still a block of the old stopes to be re-worked, which was in hand and the manager expected payable results. The following is the account of receipts and expenditure from 31st July, 1573, to 31st July, 1874

Rkoeii'ts. —Balance at Bank of New Zealand, 31st July, Jb73, £3400 lis 7d: gold, 4470 ozs. 7 dwt., £12,15(3 13s lid; tailnif.s sold, per balance-sheet, 31st July, 1873, £1098 Ss; ditto, £129 Is; ditto, since 31st July, 1873. £149 0s 11 d; from a, debtor in balance-sheet, 31st July, 1873, £4 12s (id; from a deposit for appenl agaiust Highway rate, per balancesheet, 31st July, 1573, -t_lso; returned to this company, £99 IBs 9d ; carried to profit and loss, £50 3s 3d; from Albion Company, for winding, £31 2s; smithy accounts, £10 16s fid: total, £17,< 80 Is Sd.

Expenditure.—Permanent works, viz.:- Shaft contracts, £2!)4 17s; winzes, £572 17s 8(1; cross-cuts, bottom level, £832 17s Oil; timber, £204 10s Sil: total, £1705 9s Id. Claim, viz.:—Wages, £5143 10s 7(1; crushing, £1-7 10s (id; timber, 264 10s 8d; blacksmith and ironmongery, £217 12s lid; powder, fuse, gas, and candles, £571 Is Id; fuel, £520 18s Oil; repairs, £425 19s 8d; water, surveys. Mining Companies' Protection, licence, &c., £131 Is; law charges, £0G lis lOd; stationery, stamps, miscellaneous. £105 7s Id: total, £7574 10s Id. B.ttery, viz.:—Wages, ,£S7O 12s 7d; fuel, £1041 17s Gd; repairs, £07 3s; gratings, lighting, • c., £121 l(js id; insurance, £00; water, £25; licence, Highway rates, and miscellaneous, £14 7s 7d: total, £2259 l(Js 91. United Pumping Association's calls, £4000; directors' honoraria, £144; balance at Hank of .New Zealand, on 31st July, 1874, £13G2 5s 9d; general total, £17,080 Is Bd. -—The following is the dividend account up to 31st July, 1874: —

Dr.: To payments to shareholders, £f<6;i.117 Gs Sd; to balance at Bank oi New Finland. £34: totd, £585,181 0s Bd. Cr.: By dividends declared, £555,151 6s Sd: total, £585,181 Us Bd.

—The Chairman moved the adoption of the reports and accounts. He said that a good deal of gold had been obtained during the year, the proceeds of which had been used in still further prospecting the mine. A heavy item in their expenditure had been £4000 for calls to the United Pumping Association, and rendered necessary for drainage, without which they could not have worked the deep levels.—Dr. Campbell seconded the motion, which was put and carried unanimously.—On the motion of Mr. J. T. Garlick, seconded by Mr. Thompson, Mr. C. J. Stone was. re-elected a director of the company.—Mr. Stone thanked the shareholders for the confidence which they had manifested in him. He felt a deep interest in the mine, aadlioped that their patience and exertions would yet': be rewarded. The Caledonian' was not done with yet, and there was reason to believe that like the Manukau, .which after a season of adversity had fallen upon rich gold, they would yet again strike the lode.:—The meeting then concluded.