MINING NEWS.

New Zealand Herald, Volume LII, Issue 5883, 1 April 1915, Page 5

MINING NEWS.

THE GOLD RETURNS.

TOTAL OF £89,290 FOR MARCH.

The gold returns to hand from the various mines in the Auckland Province for the month of March represented a total of .-089,290 5s 6d. The whole of the returns came from the Ohinemuri district. In comparison with the figures for March, 1914, last month's total shows an increase of £6376 Is Bd. This is partly accounted for by the fact that there were two returns from the Waihi Grand Junction mine. The returns for March are as follows; — OHINEMURI. £ s. d. (Waihi G.M. Co., Ltd.. 16,400 tons 26,111 0 0 Waihi Grand Junction Gold Co., Lid (March 6), 15,100 tons... 21,069 6 3 Talisman Consolidated G.M. Co.. Ltd , 3650 tons 20.292 17 11 Waihi Grand Junction Gold Co., Ltd. lilarch 31), 10,020 tons ... 15,317 1 4 Waihi-l'aeroa Gold Extraction Co., Ltd.. 20,500 tons 6,500 0 0 Total for Ohinomuri and Auckland district £89,290 6 6 WAIHI GRAND JUNCTION. £15,317 FROM 10,020 TONS. TOTAL TO DATE, £1,062,682. During the month of March, the Waihi Grand Junction Gold Company, Ltd., crushed and treated 10,020 tons of ore for a yield of bullion valued at £15,317 Is 4d Compared with the figures for the corresponding period of last year, the present return shows a decrease of £2814 15s 9d. The total amount of bullion won from the mine to date is £1,062,682 18s lid, as the following table of details shows :— £ *• d To end of 1907 89,626 11 8 In 1908, 40,060 tons 70,918 13 9 In 1909, 59,117 tons 99,916 3 8 In 1910, 83,313 tons 133.522 13 7 In 1911, 105,956 ions 150,729 10 0 In 1912, 41,712 tons 73,863 9 9 In 1913, 98,372 tons 180,119 2 9 In 1911, 115,710 tons 227,600 3 2 Total £1,026,296 11 4 Period ending February 20, 1915, 15,100 tons £21,069 6 3 March, 10,020 tons 15,317 1 4 Total to date £1,062,682 18 11 Total dividends paid to date, £110,000. The following cablegram has been sent to the head office of the company, London " No. 7 level, Royal lode.— drive: Advanced to 123 ft; width erratic; good value. East drive : Advanced to 95ft; low grade ore. No. 6 level, Empire lode.—No. 16 winze, down 42ft; 33in, value, £3 125."

WAIHI-PAEROA.

THE EFFECTS OF THE WAR. The annual meeting of the Waihi-Paeroa Gold Extraction Company, Ltd., was held at the office of the company, Williamson's Chambers, Shortland Street, yesterday afternoon. Mr. P. N. Kingswell, managing director, presided. 'I ho chairman, in moving the adoption of the report and balance-sheet for the year ended December 31, 1914, which was . published on March 25. referred to some I adverse circumstances which the company j had encountered during the past year, i The Huntly colliery disaster had cause! ian interruption in the coal supplies. It had been necessary to obtain coal from | Whangarei at an increased price, and this had kept the works only partly in operation. The war had also affected the company. At the last annual meeting he had been authorised to reduce stocks, and this had led, after the outbreak of war, to a shortage of cyanide, necessitating the purchase of supplies at a greatly enhanced price. The war had also led to other extra charges in freights, etc., and the total amount represented by the various causes referred to would be about £1500 for'the last part of the year. Were this amount added to the profit shown, the result would be very satisfactory. The recent floods in the river would probably increase the value of the sand. Dredging had been resumed on the previous day, and the report rei reived as to the results was very satisfac:tory. j Colonel G. W. S. Patterson seconded the : motion for the adoption of the report and I balance-sheet, which was carried. I Colonel W. D. Holgate" of Auckland. i and Mr. R. B. Jackson, of Nelson, two of I the ret'ring directors, were re-elected. j Mr. D. W. Dnthie. the other retiring director. was not a candidate for re-election. Mr. W. R. Holmes was re-elected auditor. A vote of thanks to the directors for their past services terminated tho meeting. NEW SYLVIA. \ The annual meeting of the New Sylvia Gold Mining Company, Ltd., was held yesterday, the Hon. Seymour Thorne George presiding over a good attendance of shareholders. In moving the adoption of the report and 1 alance-sheet, details of which appeared in the Herald of March 26, the chairman said the mine was looking very promising indeed The possibilities were 4hat the mine would be a payable proposition. Mr. J. Kneebone seconded the motion, and the report and balance-sheet were adopted Messrs. W. S. Whitley and F. Duthie were re-elected to the directorate. Mr. A. J Denniskm wn re-appointed auditor FOUR-IN HAND. Driving north on the reef at the Fourmine. Coronandel. was in progress last week. Five pounds of picked stone; were selected. PAEROA WARDEN'S COURT. [by TELEGRAPH. —OWN' CORRESPONDENT.] Paeroa. Wednesday. At the Warden's Court at Paeroa to-day the Comstock Gold Mining Company was granted six months' protection for the Comstock special claim at Karangahake.