THE GOLDFIELDS.

New Zealand Herald, Volume XLIII, Issue 13193, 2 June 1906, Page 3

THE GOLDFIELDS.

WAIHI. AXOHER RECORD RETURN. £63.822 FROM 24,632 TONS. TOTAL TO " DATE. £4,877,035. . Di king the four weeks ending May 19 the Waihi Gold Mining Company crushed and treated 24,632 tons of ore for a yield of bullion valued at. £63,322. This splendid return establishes a fresh record tor the mine, showing an increase of. £720 in value over the return for the month of April, which was the highest up till that time, the amount won being £63,102 from 25,196 tons of ore. The past month's figures also represent an increase of £8553 in value over the May return of hist year, when the mine yielded bullion of the value of £55,269. The total amount won from the mine to date is £4,877,035, as shown in ■the following table of details — To July 31, 1890 £13,623 .July 31, 1890, to December 31, 1891 ... 30,458 In 183', 13.297 tons 46.219 111 1893, 19.805 tons 64,3»5 111 1894, E4.it4 toil.* ... 83,015 Iri 1395, 33.670 tons .. 120,533 111 1C96, 54.410 tons 135,V10 In 1897, 40,764 ions I'M,o*l 111 1893. 77,929 toil* • ■ 256.191 In 1899. 102.381 tone 502.525 111 1900, 112,012 tons ... 317.932 111 1901, 159,325 tons <61.2)5 In 1902. 179.455 tons 521,574 111 1903, 231.323 tons 658.393 111 1904; 259,978 tons .. .. ... 633,882 In 1906, 298.531 tons . . 723.521 £4.-573.701 Period ended , , January 27, 1906. 23,294 tons .... 54,310 February 24. 1906, 25,261 10113 ... 00.210 March 24, .1906, 24.693 tons ... ... 61,890 April 21, 1906. 25.196 tone 63.102 •May 19. -1906, 24,632 tons. ... ... 65,322 Total to date ... .. ...£4.877,035 Total dividend?, etc.. to June 1 ...£2,202,895 I : WA JOT A HI. ' A RECORD RETURN.' £18,741 FROM 1117 TONS ORE AND 10CWT PICKED STONE. TOTAL TO DATE, £357,001. During the month of May the Waiotalii Gold Mining Company crushed and treated 1417 tons of ore and lOcwt of picked stone for a yield of 6841«z ldv.'t of' melted gold, valued at £18,741 7s 3d. This return establishes another record from the mine, the amount, mentioned being £93 7s 3d more than the previous highest return, viz., that for April, when 1552 tons of general ore and 10jcwt of picked stone yielded bullion valued at £18,648. The total amount won from the mine to date is £357.001 18s 7d, as shown in the following table of details: — To December, 1904 ... £193,079 6 8 In 1905 ... 73,918 9. 1 January. 19C6. 875 tons' ore. . lOcwt- 4021b. picked stone' ... 15,876 12. February. 1906, 1252 tons ore. - • lljcwt nicked stone 18.243 3 5 March. 19C6. 1174 tons ore, 9Jc-wt nicked stone •' 18,495 0 0 April. 1906, 1552 tons ore, lOicwt > picked stone 18,648 0 0 May. 1906. 1417 tons ore, 10c.vt picked stone ', ... ...: 18,741.7." 3 Total to date , ... ... ■ ... .' ... £357,001 18 7 Total dividends paid £136,800 0 0 ■A dividend of 5e per share for May month has been declared, and will be payable to shareholders at the company's office, Wyndham-street, on and after Wednesday next, June 6. NEW FOUR-IN-HAND. £180. FROM 34 .TONS OF ORE. [BY TELKURAI'H. —OWN CORRESPOND KNT.] CoROMANiir.L, Friday. The manager of'the New Four-in-Hand mine, Mr. W. Moorccraft, has banked !.620z Bdwt of melted gold, the result of a crushing of 54 tons of general ore just completed at the company's battery. The bullion is . worth £180 7s 6d. The ore treated was from'the ' footwall lode, and was taken out of a winze 20ft deep, and 60ft of an underhand stope below the No. 4 level, previously unworkable, owing to the quantity of water that had. to bo contended against. The water has been drained by the low-level crosscut and from this. 130 f- of backs are available on the reef. This reef having . now ■ been proved to. be payable, attention will be directed to"the Four-in-Hand reef, from which such excellent returns were . obtained in the past. A winze has been started from No. 4 level, and will be continued ' with two shifts. The outlook is encouraging, as gold-bearing stone has already been met with. Crushing will be resumed as soon as a supply of fuel is available, there being a quantity of general ore on hand. NEW ZEALAND GROWN MINES. [BY TELEUItAFH. —OWN' CORRESI'ONDENT.] Waihi, Friday. The rise carried up on the new reef in the Crown • mine, .to connect with the crosscut at the No. 5 level holed through last night, and the ventilation to-day is all that could be desired. Mr. F. R. W. Daw, the company's superintendent, expects to leave fpr the Old Country on a holiday visit on Wednesday or ■ Thursday next. • • NEW SYLVIA. An extraordinary general meeting of shareholders in the New Sylvia Gold Mining Company was held at the office of the secretary (Mr. Denniston), Chamber of Commerce Buildings, yesterday afternoon, for the purpose of considering an offer for the option of purchasing the property. Mr. A. Wright, chairman of directors, presided, and informed the meeting that at eleven o'clock that morning lie had received a communication from Messrs. Devore and Martin, solicitors, stating that their client, Mr. M. W. Harper, had instructed them to inform the shareholders that he was not prepared to proceed further with negotiations for an optio'i over the property. Mr. Wright said that as no reasons had been given for the withdrawal of the offer made to the directors, he had waited on Messrs. Devore and Martin for an explanation, to which he considered the shareholders were entitled. Mr. Devore told him that his client's reason for withdrawing the offer was because the directors had not disclosed the fact that two winzes had been put down on the property. Fror* this it was to be inferred that Mr. Hirper was under the impression that the two winzes had been put down on the reef, and the shareholders, not satisfied with the results, were prepared to sell. As a matter of . fact, however;' -the : directors were not aware that there was a second winze on the property. Mr. Manuel, who showed Mr. Harper over the mine,'informed the meeting that he had pointed out the second winze to Mr. Harper. The present company was only working from the one winze, and the second was an old one put down years ago. He believed the old winze was only down some 25ft or 30ft. Mr. Manuel added that at the time of the inspection Mr. Harper appeared perfectly satisfied with the mine. At. the request of a shareholder the secretary read the terms of the proposed option, which provided that the present shareholders should receive £500 in cash and one fourth of the fully paid-up shares in a company with a capital of not less than £50,000. On the motion of Mr. T. Cottle, who suggested that there might possibly be some misunderstanding, the shareholders adopted a resolution authorising the directors to grant an; option for the sale of the property' on the terms mentioned to Mr. Harper or any other person or persons "who might wish to take an option oyer the mine.