MINING NEWS
PLACER DEVELOPMENT "After tlio two dredges now under construction come into operation , the production and profit should further increase," said .Mr. C. A. lianks,; managing director ot Pluccr Development, Limited, at the annual meeting in Vancouver last month. The construction programme of Pato,, . Consolidated Gold Dredging, Limited, had been completed and a steady increase in production was expected. It. was anticipated that the company would commence paying dividends in the middle of next year. Asnazu Gold Dredging,. Limited, had another ' very good year, while Rutherglen Gold Dumps* Limited (Australia), continued' to show a satisfactory return. Profits from the treatment plants' of another Australian subsidiary, Gold} Dumps Proprietary, Limited, as well* as an additional plant, which woidd he! completed early next year, should able tlie payment of regular dividends'. A further business had been acquired and Placer Development was subscribing for 10,000 shares. The'com pay had"• also acquired 250 shares of f each at par in an American conip . > Universal Placer Mining Corp
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Bibliographic details
New Zealand Herald, Volume LXXV, Issue 23222, 16 December 1938, Page 7
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164MINING NEWS New Zealand Herald, Volume LXXV, Issue 23222, 16 December 1938, Page 7
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