MINING.

Otago Daily Times, Issue 6592, 31 March 1883, Page 2

MINING.

INKERJIAN COMPANY. ■ The hall-yearly meeting of shareholders of the Inkerman QuarUwnining Company (Limited) was held jesterony at tho registered orßce ol the Conipanyjvbeu the rrpo't nml balance-! hoot were read ud adopUd.

Tha retiring directors wero re-elected, Mr Evans, of Heelton, lieln? selected to 1111 the varanoy caused l.y the rotircmenc of Mr M. Levy.

In their report the directors stated :•- ---" Your Liiroctnra havo been in treaty with several firms for the supply and orection of cnißhing plant, ar.d after consideration of the various oiiura have decidod to accept tho offer of Mr Audorson, of Christchurch, to supply and orect a plant consisting of M head of 7civt. Btampertf, 15 berdaus, li porcusiion tables, coppur plato and blanket tablos, batteryliouso, engine nnd two Cornish boilers, all complutc, for the sum of £1514; tho contractor to wont thu plant for one month hef ro delivery, the Company to find labour during that month; tiic Company to pay carriage from Uvojinouth 10 battery slte-cstimatod tocostaboutXSpert.u. "The contract has been concluded on most exceptionally favourable te: im-uanibly, £ioio cash 2»<> i-araontho cunlraut, and tho balance in bix monilw from tho dato of ta'dng over the bat'.ery. " Tho battory will be capablo ol cruilunir «t Icaat 1200 tons per uionlli, whk-h quantity sliou'd be available regularly. The reef Is proved without a break for the depth before given. It has been proved to be 20ft thick in tho only two places that tho reef has been cross-cut upon. About 400U toiw were crushed some years ago from tno upper portion of tho ruef, °vor No. 21ovel, which gave an avurago return of Jdwttothoton from the poorest pr.t of tho reef. The quartz obtained In sinking from No. 2 to the No. 3 levoi showed better gold. None of this stone has SC" The' Directors hope to be ablo, In the course of sis month*, to have tho mine and worki ill full and profitable operation."

NOTES FROM REEFTON.

(By Tklkoiupii.] (PROM OUII OWN CORRHSPONriKXT.)

Rtwrox, March 30th. With tho excoplioT o! Welcomes ami Darks nothing is in demand to-day. Thcto lines Always command a certain amount ut attonthn, and various parcels are now and again changing liauda. Both of tließe mines have been visited liy Mr Gage, of Dunedlii, who expreasH himself highly fatistud wilh the prospects of iho claims. Mr Gage visited the Oriental yesterday, and is out aram to-dny up the Murray Crock. Owln/ to the partial standstill of mining operations dining the first halt of thin week, nothing of Importance has occurred deserving special mention.