MINING.
By Telegraph, —Press Association. — Copyright, London, February 16. The Australasian Gold Trust, with a capital of 4003,000, has been registered. Half the capital will be issued to the public. Dunedin, February 17. Sir Walter Buller, attorney in the Colony for the Blue Spur Consolidated Goldmining Company, has just returned from a visit to the mine. In the course of an interview he said that it was three years since he had visited the mine, on which there was at that time a debt of 418,000, and since then not only had this debt been paid off, but also interest to the extent of £3200 paid, and maintenance expenses amounting to 4500 per month. On preference shares 8 per cent, dividend had been paid. The mine was now free of debt, and he expected the ordinary shareholders would receive the first dividend at the end of the current year. Auckland, February 17. Mr E. Ehodos, mining agent at Tauranga, received a cablegram on Saturday, stating that there is a big demand for New Zealand mining properties on the London market. The cablegram comes from a wealthy London syndicate much interested in South Africa. By mail Mr T. N. Black received enquiries to-day for mining properties to bo placed on the South African market.
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Bibliographic details
New Zealand Times, Volume LVIII, Issue 2746, 18 February 1896, Page 2
Word Count
213MINING. New Zealand Times, Volume LVIII, Issue 2746, 18 February 1896, Page 2
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