MINING NEWS
MOUNT KASI EARNINGS j\}ount. Kasi Mines, Limited, Fiji, earned a net profit of £14,130 (Fijian currency) for 1939, compared with £11,648 in 1938, and £8046 in 1937. Profit was struck after allowing for depreciation. £4146, mine development, £6342, and taxation, £1250. A first dividend of 3d a share (A ustralian currency) absorbed £4379. The balance. £9751, together with £1.':!,588 brought forward, is transferred to general reserve. YIELDS OF COMPANIES Argo (West Coast). —41oz. in 135 hours. Mataki Dredging (Murchison). — 12oz. for 124 hours. Mount Morgan (Queensland). —Estimated surplus four weeks ended May 1, £17,840. New River (West Coast). —240z. for 115 hours.
White's Electrio (West Coast). — 290z. for 128 hours. Clutha (Otago).—49oz. for 131 hours. Gillespie's Beach (Westland). —350z. for 130 hours. Okarito (Westland). —6soz. for 74 hours. r REPORTS OF MANAGERS Una Hill.—Driving is being continued io north nnd south at tho low level.' In the north end. as it approaches tho junction, good colours and dubs of cold arc showing up in tho main reef.
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Bibliographic details
New Zealand Herald, Volume LXXVII, Issue 23661, 21 May 1940, Page 3
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169MINING NEWS New Zealand Herald, Volume LXXVII, Issue 23661, 21 May 1940, Page 3
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