MEETINGS OF SHAREHOLDERS.

New Zealand Herald, Volume XX, Issue 6816, 21 September 1883, Page 6

MEETINGS OF SHAREHOLDERS.

SncOKSS — The annual meeting of the Success Gold Mining Company was to have been held on Thursday in Mr J. M. Macdonald'a office, Shortlaud-street, but it lapsed for want of a quorum. The following is the directors' report' The directors have now to submit this tlieir third annual report and statement of accounts, showing shareholders the financial condition of the company at the 31st August, ISS3 Your directors are glad to inform shareholders that the preseut indications of payable gold are of such a promising character that a rich find may be looked for at any time, as the minerals r.ow appearing iu the face of the workings are similar to what have always heen visible in the immediate vicinity of heavy deposits of gold, operations under somewhat adverse circumstances, as detailed in the mine manager's report, have been carried on during the year. From 7620z3. lGdwts. of gold, the sale of a few specimens, your directors have been enabled to pay a dividend of 2s Gd per share, this gold being the return from specimens only. All the crushing dirt obtained (much of it estimated to yield soz?. per ton) is stored at the mine, awaiting facilities of transport to mill. At this meeting all the directors retire, but being eligible, offer themselves for re-election. —John Kirkwood, Chairman. The balance-sheet presented showed that the finances of the company were in a satisfactory state.

SOUTHERN MINING. The fortnight's amalgam in the Keep-it-Dark is7o7ozs. The standstill in the Welcome battery is lareely influencing mining business. The drive to intersect the reef on the low level of the Golden Treasure is being pushed ahead with all possible speed, and fair country is now being passed through. Good stone has been struck by the United Alpine Company in tUe cross-cut west from No. 4 level. The reef at present shows a thickness of 2 feet to 3 feet, underlying east. It carries a good sample of coarse gold. Tne general cleaning- in the Croesus yielded 1730z=. of retorted gold from 320 tons of stone'. The Fiery Cross claim is looking very well. The returns from the Oriental are improving, the week's crushing coming to 96ozs. of amalgam. The retorted gold for 34 weeks is 99ozs. The reef in the Energetic mine has widened out to four feet six inches, showing gold. The Golden Fleece remains unchanged. Tbe diamond drill has bored 170 feet in 18 shifts, nearly 10 feet per shift. According to the survey, stone might be expected in 120 feet more. Two men are employed prospecting in the Balaklava. A large body of gold-hearing stone has been Btruck on the bottom level of the Southern Cross, Eeofton. The manager states that, although r.ot rich, he hopes the stone will improve to a palpable degree. The South Hnpeful cross-cut is being extended by the late cap tract, The Eureka incline tunnel is being advanced at the rate of 90 feet per month.

The Imperial and Just in-Time are making s'eady headway in the low level. The diamond drill of the County Council, subsidised by Government, has been landed at Boatman's, but, pending the arrival of an experienced operator, has not been starred. The boring will take place at the boundary of tho Homeward Bound and the Comstock claims, and it is expected that about 2000 feet will have to be done to reach a continuation of the Welcome lode.