MINING NEWS
BLACKWATER DIVIDEND PAYMENT DEFERRED Blackwater Mines, Limited, Reei'ton, advises that in view of the large expenditure necessary for the new mill, including a modern flotation plant now under construction, the dividend usually paid by the company in December has been deferred until the annual accounts are submitted to shareholders next. June. Consequent upon this decision Consolidated Goldfields (X.Z,), Limited, will not pay the. final dividend ordinarily distributed in December. „■ In December, 1906. Blackwater Mines paid an interim dividend of is a share with a final in June, 193~, of the same amount, making 10 per cent for the year, against 15 per cent in the previous year. The holding company. Consolidated Goldfields, paid a final dn idend of 6d in December last, makina Is Gd a share for the year, or 3,* per cent. The interim dividend in June, was 6d a share. The dividends are in sterling. . Recently the Blackwater company bai been introducing further mechanical appliances in an effort to offset extent the shortened hours of la so i
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Bibliographic details
New Zealand Herald, Volume LXXIV, Issue 22901, 2 December 1937, Page 9
Word Count
173MINING NEWS New Zealand Herald, Volume LXXIV, Issue 22901, 2 December 1937, Page 9
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