THE GOLDFIELDS.

New Zealand Herald, Volume XLII, Issue 12775, 27 January 1905, Page 6

THE GOLDFIELDS.

I ■ * ■:■■■■ ):,m WAIOTAHI GM. CO. i Tm; Waiotahi Gold Mining Company dv , banked 3420z of retorted gold, valued a*-. proximately at £932 ss. The two previcum l retortings yielded bullion valued at £1806 ' so that the total amount won since the payment of the last dividend is £2738 5 S Tho general clean-up will nob take pl a <J before the 31st inst., so that further.re-.-.' .tortings may be expected. [BY TELEGRAPH. — CORRESPONDENT.] • "■ - Thames, Thursday The whole of the men in the Waiotahi mine are now engaged in squaring up the drive for timbering, and no more work \\-m be done in either face until the timbering is completed, which will occupy several days. This work was, however, abaohitelV necessary before sinking and stoping could be commenced, so that the delay was unavoidable, and it would be impossible to work the faces at the same time. After, the timbering is finished the manager intends -S to commence sinking at once, and also the stoping of the block above the drive, which is intact to No. 3 level, a distance of about 70ft. /•.',■■ .. ■ _ .-,■' , . WAIHI G.M. CO. The corrected returns for 1904 from the c Waihi Gold Mining Company's mine show that, including slags, etc., and the 5 n3 ,i clean-up, the gross output from the mi no for the 12 months was £673,101 83 3d. ' ■ KOMATA REEFS G.M. CO. In the Komata Reefs Gold Mining Com. pony's mine very good ore is reported to bo coming from the back of No* 4 level. The average ore is going to the mill, ; where, the company are crushing 55 tons ; per day. The general manager : ; (Mr. .P. C. Brown) will leave London in a few days, and is expected back in the colony on April 3. ; ' " ■■ THAMES DRAINAGE BOARD.*,; The first meeting of the newly-cotisti. -■ tuted Thames Drainage Board was held : yesterday, at the office of the secretary" ? (Mr. J. W. Nichol), when there were present the Hon. E. Mitchelson, Messrs,! W. Gorrie. G. Comer, R. Mitchelson, S. Hesketh, H. H. Adams, H. Green, S. Trembath, and T. Dunlop. On the motion of, Mr. Hesketh, seconded by Mr. Comer, the Hon: E. Mitchelson was elected chair- J man. It was agreed to base the assessments for the ensuing year upon an estimated cost of £3020. The secretary said' that a larger levy was necessary than last " year, as they had started with less money": in hand, the surplus last year being £51700 whilst this year they, commenced with but £200. The question of the fixing of the assessments was referred to a committee, consisting of the chairman and Messrs. Hesketh, Adams, Gorrie, and Dunlop. It was agreed that the next meeting should" be held on Tuesday next, when the report of the above committee will comb up for ratification. Mr. Lee was reappointed auditor. • ' ■;. MINING AT THE THAMES. THE DRAINAGE QUESTION. l PROPOSED TEST OF THAMES HAURAKI PLANT. At yesterday's meeting of the Thames Drainage Board, the question of the taking over of the Thames Hauraki pump on the : terms offered by the Minister for Mines, • was considered. The secretary (Mr. J. W. Nichol) read the particulars of the terms, which fixed the amount of interest payable, by the Board at, £300 per year. The Government's offer,'. the secretary said, had been ; strongly, recommended • for acceptance by the old Board. .....-■ Tho Chairman (the Hon. E. Mitchelson) statec! that on the figures it appeared that the Thames Hauraki pump would, cost £500 more annually than the old pump." Mr. T. Dunlop said he believed the. new pump could be worked as cheaply a' stbe old one. For two months he had run it'' cheaper. The Chairman pointed out that the old pump wanted a lot of money spent on it. The manager reported that they might i] carry on with it, but that it might break down at any time. . ■" :M Mr. H. H. Adams said Mr. Brokeushire ».i had fold him there would be no greater risk for 12 months with the old pump than with the new. Mi-. H. Green thought they should ask the Minister to let them test" the question ; ; of expense. It rested mainly on the consumption of coal. :.'-,. - >; After some further discussion it was «■;=; solved, on the motion of Mr. S. Hesketh, "That the Department of Mines be requested to allow the Thames Hauraki . pump to be worked under the supervision ;' of the Board's engineer (Mr. Brokenshire), H for a period of three months, to ascertain ti the cost and general results involved i»." such working." DUNEDIN STOCK EXCHANGE. ' : [BY TELEGRAPH.—rRESS ASSOCIATION.] • Di'neihn, Thursday." Stock Exchange sale: Electric, 325. V : ,