MINING NEWS
'r * , WORKSOP EXTENDED RESULTS
Gold valued at £12,000 was obtained tfv tho Worksop Extended Gold 'edging Company, Umited (West Coast), for the venr ended September <»0. uolu dutv absorbed £B9O and realisation expenses £220, leaving n net return ot £10,900. ■ . , The average net vnluo received per crude ounce of gold whs £7 10s Id. und the total amount paid by the company in gold export tax amounts to £4/o<. During the period one dividend or 10 per cent was paid, and tho reserve fund increased by £IOO, making the tota reserve fund £1760- Since tho»close of accounts tho twelfth dividend bt 10 per cent has heen paid, nmoun I ting to £IOOO, and a further £l6O transferred to the reserve fund. Tho directors state that there is every reason to believe that tho recent •iveratio returns \vill he maintained. It i*.estimated that there are 138 acres rcniftiniug to he worked, requmng six or seven years, exclusive ot certain high ground along the road t
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Bibliographic details
New Zealand Herald, Volume LXXV, Issue 23206, 28 November 1938, Page 7
Word Count
166MINING NEWS New Zealand Herald, Volume LXXV, Issue 23206, 28 November 1938, Page 7
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