MINING.

Otago Daily Times, Issue 12006, 1 April 1901, Page 6

MINING.

The manager of the Golden Run pipes reports that he washed up 4Soz gold. 'The secretary of the Dunedin Slock Exchange requests to state that the Belmont Gold Dredging Company was inadvertently omitted from the March issud of the Dunedin stock and share-list. The.company will bo inserted 111 this month's list, with quotations for the shares. ,- At a meeting of shareholders and directors of the'Goldon Treasure Dredging Company, held at. Wood 3 Hotel, Rattray street, on tho 2Cth Mlt., a handsome goa pendant, suitably inscribed, was presented to Mr Peter M'Vicar, late dredgemaster of -the, above company. Mr Gngg, a director, in making tho presentation, congratulated Mr M'Vicar on his management and-tact, and hoped that in taking charge of the Ahaura River Company's dredge he would be as successful as ho had been on the Golden Treasure. The recipient suitably responded, A Beaumont correspondent informs the Tuapeka Times that -a largo- number of engineers are at present busy erecting the machinery on the, Golden Gravel ■and' Golden Reward dredges. They are expected to be at work early in June. '

■ REPORTS-'FROM WORKING DREDGES. .The secretary of the. Cromwell Gold Dredging Company- Tcports a return of 48oz 6gr for 140 hours' ■■work. , The' secretary of the Waimumu Gold Dredging. Company reports a return of 330z lGdwt for 130 hours' dredging. The secretary of the Otama Gold Dredging Company-reports a return of Boz for last week. ' The secretary of the Waimumu Queen Dredging Company, reports a return of 17oz 17dwt lOgr, for. 123 hours' work. . _ Tho secretary of the Waimumu Central Dredging Company reports a return of 19oz'10dwt for 122 hours', dredging. The, secretary of the Golden Bed Dredging Company renorts a return of 590z lldwt for ended on Saturday. • The secretary of the Miller's Flat Electric Drcdfjmg. Company reports that the dredgemartor washed up after reopening paddock and working for four and a-half days for soz 12dwt of gold. . Tlio secretary reports that the Golden Link dredge' obtained 14oz' for 142 hours' work. .-'The secretary reports that tho Mcnuhcrikia dredgo washed up 20oz,12dwt 4gr for 69 hours' dredging. Mr Laurence Ryan, Alexandra, reports the following returns for last week-Perseverance dredge. 720z 3dwt; Molyneux Hydraulic dredge, 2toz sdwt. The dredgemaster reports' that the Gotten Gate dredgo obtained 28oz 18dwt for last week. River falling. Tho secretary of the Enfield Company reports a return for last week of 220z lOdwt for 136 hours' work. The dredgemaster of the Clyde Dredging Company telegraphs as follows:-"River 4ft abovo normal; very little bottom worked during tho week; return, 80?.." The dredgemaster of the Matau Dredging Company reports a yield of 520z for eight days' dredging. ' The secretary of the Olrig Dredging Company reports a return of Hoz 7dwt for 124 hours' wor>. Tho dredge willibe stopped two or threo sbiftsthis week for repairs. The secretary of the Electric Gold Dredging Company roports a return of 35aoz 17dwt. Tho- secretary of the Waikaka Forks Gold Dredging Company reports a return of 15oz lOafft for 120 hours' dredging. The secretary of the Magnetic Gold Dredging Company reports that there was no wash-up last week, as the winch-bracket was being repaired. Start Monday morning. The _ secretary of the Junction Electric Gold Dredging Company reports a return of 390s for threo and a-half days' work. Ground rough. _ Mr J, J, Gibson, Lawrence, reports the following returns for last week:—Success dredge, 240z ldwt Cgr for 131 hours' work; Lawrcnco dwdge, 15oz 13dwt. The secretary of the Majestic Drdoging Company reports a return of 21oz 3dwt. The secretary of the Empire Dredging Company reports a return of 8102 13d\vt. Tho secretary of the Second Magnetic Dredging Company reports a return of lloz Gdwt for 112 hours' dredging. The secretary of tho Tunpeka Dredging Company reports a return of 19oz 14dwt for 120 hours' dredgbg during last week, i The secretary reports that- the Nganara Ho. 3 dredge obtained 7oz last week, working in old ground. The secretary of the Nevis Dredging Company reports a return of 420z 3dwt for 115 hours' dredging. The secretary reports that the Meg and Annie dredge obtained 50oz 3dwt 12gr for last week. The secretary of the Charlton Creek Dredging Company reports a return of 20oz for 133 hours' wot!:. secretary of tho Waimumu Extended Dredging Company reports a return of 13oz 3dwt for 126 hours' work, _ The secretary of the Electric Extended Dredging Company reports that there was no wosh■up last week. The dredge is opening. out a cut. Messrs Reeves and Co. report returns of gold from the following dredges for the week ended 30th lilt.:Enterprise No. 1—560z 14dwt for 132 hours' dredging. Enterprise No. 2-28oz 2dwt Cgr for 91 hours' dredging. Central Electric—67oz 9dwt 12gr for 120 hours' dredging, Alpine No. 2-270z 12dwt 16gr for 81 hours' dredging. Vincent Extended-7oz lldwt. Opening out, The secretary reports that the Vincent dredge did not'wash up last week. Ground deep; opening up. The secretary of tho Blue Duck Gold Dredging Company is in receipt of the following wire from the dredgemaster:—" Taken cut 14ft deep across dam; little tine gold; now Gft lower, with solid surface; little fine gold showing." The.dredgemaster of the Arthur's Point Gold Dredging Company reports:—Started working shifts-since Wednesday opening up paddock. Have got down to false bottom about 34ft, but not carrying much gold. It will take another ■week to open up paddock, and dredge will be in the river by that time. Will be stopped on Saturday to log steam pipes and alter bridge in boiler. The.dredge working well. The dredgemaster of tho,Central Charlton Dredging Cmpany reports no wash-up this week. The bottom tumbler -shaft broke on Monday last, and cannot be replaced until early this week. There was no wash-up on the Chicago dredgo last week. The secretary of the Golden Beach Hydraulic Elevating and Dredging Company reports that tho dredgemaster expects to complete overhaul of dredge and start work on Monday next, April The dredgemaster of tho Golden Run dredgo reports that he did not wash up last week. Ho is working through tailings towards solid ground. The dredge is working well. The dredgemaster of tho Moa Flat Company wired on Saturday:—" Finished shifting to-day; start dredging Monday.'' Tho secretary of tho Mokoia Dredging Company reports a return of 340z. The secretary of tho Leviathan Dredging Company reports a return of fioz Odwt 17gr.

THE WEEK'S DREDGING RETURNS. During the week ended Saturday, March 30, returns wero reported from tho following dredges: — Oz. dwt. gr. Electric, Cromwell ~ ..- ..355 17' 0 Earn'sclcugh No. 2, Alexandra (120 hours) 88 0 0 Empire, Waipori '.. 81 13 0 Hartley and Cromwell (136 hours) .. .. 77 12 0 Perseverance, Alexandra .... 72 3 0 Central Electric, Cromwell (120 hours) ;. ~ ~ 67 9 12 Golden Bed, Miller's Flat .. 59 11 0 Enterprise No. 1, Alexandra (132 hours) .. , 51 14 0 Matau, Clyde _ 62 0 0 Meg and Annie, Kawarau River 50 3 12 Cromwell, Cromwell (140 hours) 48 0 6 Nevis, Nevis River (116 hours) .. 42 3 0 Junction Electric, Cromwell (3J days) .. .. ". 33 0 0 Waimumu, near Core (120 hours) 33 16 0 Golden Gate; Miller's Flat .. 28 18 0 Enterprise No. 2, Alexandra (94 hours) 28 2 6 Alpine No. 2, Cromwell (91 hours) 27 12 16 Molyneux Hydraulic, Alexandra 24 5,0 Success, Waipori (131 hours) ~ 24 1 6 Enfield, Waipori (136 hours) „ 22 10 0 Majestic, Miller's Flat .. .. 21 3 0 Manuherikia, Alexandra (69 hours) 20 12 4 Charlton Creek, near Gore (133 hours) 20 0 0 Morning Star, Manuherikia (94 hours) 20 0 0. Tuapeka, Tuapcka Flat (120 hours) 19 14 0 Waimumu Central, near Gore 122 hours) 19 10 0 Waimumu Queen, near Gore (123 hours) 17 17 10 Gold Queen, Dumbarton Rock (90 hours) 17 12 0 Waikaka Forks, Waikaka (126 hours) .. .. 15 16 0 Lawrence, Tuapeka Flat .. ~ 15 13. 0 Olrig, Manuherikia (124 hours).. 14 7 0 Golden Link, Alexandra (142 hours) 14 0 0 Waimumu Extended, near Gore (12G hours) ..,.'. 13 3 0 Second Magnetic, Cromwell .. 11 C o Clyde, Alexandra 8 0 0 Otama, near Goro ....... 800 Vincent Extended, Clyde .... 7 11 0 Ngapara No. 3, Nevis River .. 7 0 0 Miller's Flat Electric, Miller's Flat (45 days) 5 12 0 Total 1543 2 0 The West Coast. Mokoia ■'.. .. 31 0 0 Buller Junction (93 hourß) .. 33 0 0 New River (week) 1" 17 0 Waipur.a (week) '■• 8 5 0 Reeves Proprietary (72 hours).. 7 16 0 Leviathan 6 ° "

THE EQUITABLE STOCK EXCHANGE report os follows:— • , Sales: Alpine Consols, 395; Bendigo, 5s Gd 1); Electric, 61s; Electric Extended, 39s Cd; Endeavour, 31a 6d> Galvanic, 183 6d and 18s 9d; Gold King, 16s; Cold Queen, 2Gs; Moa Flat, 235; Fourteen-mile Beach, 33s Cd. Buyers: Ahaura River, 5s Cd; Alditiga, 5s p; Alpine Consols, 37s Cd; Alpine No. 2, 455; Arrow Junction, 225; Cairnmuir, 30s; Central Electric, 72s Od; Charlton Creek, 30s; Eclipse, 2Js; Electric, 50s; Electric Extended, 35s • Endeavour, 20s; Enfield, 245; Ford's Creek. JZs Gd; Fourteen-mile Beach, 30s; Galvanic, 18s Cd; Gibb's Beach, lCs; Gold King, 15 3 ; told Queen, 255; Golden Bed, 20s; Great Central, 295; Grey River, 20s; Hartley and Wiley,, 120s j Junction' Electric, 29a; Kelly and. Casey, 31s; Kia-Ora, 8s; Long Valley, 235; Magnetic, 265; Majestic, 24s 9d; Meg and Anmc, G2s 6d; Merrimac, 225; Moa Flat, 19s; We son Creek, 68s;Pactolus, 24s p; Roxburgh Jubilee, Is p; Sailor's Bend, 80s 3d; Second Magneuc, 27s Gd; Upper Magnetic, 255; Vincent Extended, 41s. Sellers: Ahaura. River, 5s 9d; Aldinga, Gs Gd p, Alpme Consols, «s Cd; Alpine No. 2, 45s on A " ow .. Junctlon > 28s; Bannockburn Creek, 20s, Bendigo,.7s p; Boundary Creole, 255; f. r e^'i pa J, ; 9"irnmuir, 335; Caledonia, ItJ'n ? tr °l El £ ot , ric > BQs : Cl,irtton Creek, wJl' os C ' T ? 3; ,? ob, !, n No ' 2 - Ms; Duke of Wehngton, la < 1S ; Eclipse, 28s;' Electric, 0 *ps; Endeavour, 235; 5n . r?i! !k '» os; , G * lvanlc ' m ' Gentle Annie, «i ß r c it 7s; Gibbßtol1 ' ICa : <*<*& King Cs6d; Gold Queen, 2Gs; Golden Bed, 255; Golden Palls, 28s; Golden Gate, 130s; Golden Gmvol, 18s; Golden Rivor, Ga Gd Great Central, 32s Gd; Greenstone, 2sV Grey River, 30s; Hartley and Riley, i 32 s Cd; Junction Electric, 31s; Kawarau Bridge, 14s; Kcllv anil-Casey Ma j Kia-Ora, 11a; Long Valley, 27s;,Magnetic, 28s Gd; Majestic, 20s Gd; Me» and Annie, 67s Gd; Merrimac, 265; Moa Flat" 275; Nelson Creek, G2s 6d; Olrig, 20a; Otama' 3s Gd; Pactolus 2Gs Gd p; Reeves Proprietary 19s; Bemarkables, lGs; River Molyneux, 3s Cd p; Sailors Bend, 38s; Second Magnetic, 31s• Sixteen-milo Beach, 16s; Spec Gully, 30s • Tcviot, 22s Gd; Upper Magnetic, 27s Gd; Upncr Waipon, 20s; Vincent, 42s Cd; Vincent Extended, 435; Waiora, 21s; Wareatca, 3s Gd pWatierson's Consols, Is p; "Woodstock, 3s Gd p

DUNEDIN STOCK EXCHANGE. Sales'••were- mado on Saturday at tho following prices: -Ahaura River, Ga; Alpine Consols, C2 Is and £2 0s Cd; Central Electric (10 shares), £3 14s; Elcctrio Extended, £2 Is 3d, £2 la, £2, and £1 19s fld; Endeavour, 20a Gd' Fourteen-mile Beach, 33s 3d, 335. and 32s 9d' Galvanic, 20s; Golden Bed, 27s Gd and 27s 9d' Kelly and Casey, 32s 9d; Mokoia, 24s Cd and 255; Morning Star, ss; New Alexandra, lis. _ Tho followin.g nre Saturday's quotations, subject to the i.sual brokerage:— Ahaura Rivor—Buyers 6s 6d, sellers 6s. Alpine Consols—Buyers £2, scllere £2 0s 9d. Alpine No. 2—Buyer* £2 7s, sellers £2 Bs. Arrow Junction—Buyers £1 is, sellers £1 7s. Arthur Point-Sellers 17s. Banmckburn Creek—Sellers 14s. Big Flat—Sellers 2s 6d dis. Bla-ckwnter—Buyers par, sellers 3d p. Boundary Creek—Buyers £1 Is, sellers £1 3s. • ' Buller Junction—Buyers 10s, sellers 13s p. Cairnmuir—Buyers £1 10s, sellers £1 15s. Central Electric-Buyers £3 14s, sellers £3 14s Gd. Central Magnetic—Sellers par. Charlton Crcek-Buyera £112s Gd, sellers £1 13s Gd. Dohaon No. 2—Buyers 13s, sellers 14s Gd. Eclipse—Buyers £1 Ga. Electric-Buyers £2 10s, sellers £2 12s. Electric Extended-Buyers £1193 9d, sellers £2. Endeavour—Buyers £1 0s Gd, sellers £1 Is. Enterprise—Sellers £6. Erickson's Reward—Sellers 4s p. Fairdown—Sellers Gd p. Fourtecu-mile. Beach-Buyers £1 12s 6d, sellers £1 -3s. Fraser Flat—Buyers 10s. Galvanic-Buyers 19s Gd, sellers £1 Is. Gentle Annie—Sellers £2 3s. Gold King—Buyerß 10s 3d, sellers 16s 9d. Gold, Queen—Buyers £1 5s Cd, sellers £1 10s. Gokbn Banner—Sellers 18s. Golden Bcach-Ailors £1 la. Golden Bed—Bttyers £1 7s 6d, sellers £1 7s lOJtl. Golden Gravel—Sellers IBs. . • Golden Link—Buyers £1, sellers £1 3s. Golden Run-Sellers £2 ss. Great Central-Sellers £114s. Greenstone—Sellers 2s p. Grey River—Buyers £1, sellers £1 Bs, Grey River. Consolidated—Sellers 14s. Grey Rivor Extended—Sellers par. Halfway House—Sellers £2 4s Cd. Hartley and Riley—Buyers £6 7s Gd, sellers £6 153. Hokitikn. Extended—Sellers par. Hokitika Junction—Sellers 13 p. Hokitikn.' River—Sellers 10s p. Inchdalo—Buyers 13s, sellers 15s. Inch-holme—Sellers 12a. ' Inch Valley-Seller's £1 ss, Island Creek—Buyers Od, tellers 2s Gd p. Junction Electric-Buyers £1 10s, sellers £1 12s.

Kia-Ora—Buyers 7s fid, sellers 10s. Kawarau Bridge—Buyers 10s, sellers 13s. Kelly and Casey—Buyers £1 12s 9d, sellers £1 13s 9d. ■ Lady Charlton—Sellers Is 9d dis. " , Leaning Rock—Sellers 3s dis. Leviathan—Buyers £1 2s, sellers £ 1 2s 9d, Magnetic—Buyers £1 ss, Kellers £1 7s. Majestic—Buyers £1 5s Gd, sellers £1 9s. Maori King—Sellers Is 3d p. Maori Queen—Sellers £114s. Matau (cum div.)— Sellers £2 12s fid. Merrimac—Buyers £1 Is 3d, sellers £14s. Metallic-Sellers 15s 9d. Miller's Flat Electric—Buyers 2s 9d, sellers ■Is Gd. Moa Flat—Buyers £I.' Mokoic—Buyers £1 4s 9d, sellers £1 5s 9d. Monto Cliriato—Sellers £1 Ms Gd. Morning Star—Buyers ss, sellers 7s Gd. Morven Ferry—Sellers 2s Gd dis. Naumai—Buyers 18s. Nelson Creek—Buyers £2 17s 6d, sellers £3. New Alexandra—Buyers lis, sellers 12s, North Beach—Sellers 4s p. Old Diggings—Buyers 8s p. Otama—Sellers 4s. Pactolus-Scllers £1 8s Gd p, Pactolus No. 2—Sellers 2s p. Princoof Wales—Sellersss p. Reeves Proprietory—Sollers 15s. llicliards's Beach—Buyers Is 9d, sellers 4s. Roxburgh Jubilco (paid)—Sollers £1 Is. Royal Maori—Sollers £1 Is. Sailor's Bond—Buyers £1 17s Gd, sellers £2. Second Magnetic—Buyers £1 7s 6d, sellors£l 10s Gd. Smith's Creek and Banhockburn—Sellers 14s. Stafford Waimea—Sellors Is 9d p. Three-mile Greenstone—Buyers £1 03 Gd, sellers £1 lsGd. ••■.'• ■ : ■ Tuapeka—Buyers £\ 4s, sellers £110s. Upper Magnetic—Buyers £1 Bs,' sellers £1 10s. * ' Vincent—Sellers £2 4s Gd.' Vincent Extended—Buyers £1 19s, sellers £2 2s Gd.' , " ■ ' ,'• ' [ Waimumu—Sellers £1 5s 9d. Wattorson's Consols—Sellers Is p. Woodstock—Buyers 3s' Gd, sellers 4s Gd p.

OTAGO STOCK EXCHANGE. Buller Junction shares wcie sold at 10s premium on Saturday. Sales wero also effected at tho following prices:—Alpino No. 2, £2 6s; Electric Extended, £2, £1 19s 9d, £2, and £1 19s Gd; Golden Bed, 2Gs;9d; Halfway House, £2 2s; Moa Flat, 21s. The following are Saturday's quotations:— Aha.ura River—Buyers 5s 3d, sellors Gs 3d. Aldinga—Buyers os Gd, sellers Gs 6d p. ' Alpine Consols—Sellers £2 2s. Alpino No. 2—Buyers £2 sb, sellers £2 7s 6d, Arrow Junction—Sellers £1 Bs. Bonnockburn Creek—Sellers IBs. Bcndigo—Sellers Gs Gd p. Boundary CreeK—Sellers £1 3s. Buller Junction—Buyers 9s Gd, sellers lis Gd

p.' Cairnmuir—Buyers £1 lis, sellers £1 15s. Cardrona No. I—Seller 12s Gd. Control Electric—Sellers £3 19s. Charlton Creek-Buyers £ I lis Gd, sellers £1 13s 63. • Clyde-Buyers £3 ss, sellers £3 14a. Cromwell—Sellers £-1 3s. . Dobson No,- 2—Buyers 13s, sellers 16s 6d. ' Dunstan Lead—Sellers £1 Bs. Eclipse-Sellers £1 Bs, Electric—Buyers £2 10s, sellers £2 13s. I Electric Extended-Buyers £110s, sellers £1 19s Gtl. Enterprise—Sellers £5.' Eriokaon's Reward—Sellers 4s 6d p. Extended Fourteen-mile Beach-Sellers 2s p. First Chance—Sellers £1 Us. Ford's Creek—Buyers Bs, sellers 10s 6d. Fourteen-mile Beach-Sellers £1 12a Od.-' Galvanic—Buyers 17s, sellers £1 2s* Gentle Annic-Buyero £2, sellers £Z 4s. Gibb's Beach—Buyers 15s Cd. Gibbston-Sellers lGs. Gold King-Sellers 18s. Gold Queen-Buyers £1 Gs, sellers £110s. Golden Bed-Buyers £1 Gs Gd, sellers £1 7s. Golden.Horseshoe—Sellers 2s dis. Golden Run-Sellers £2 3s. Grand Junction—Sellers 4a p. Great Central-Sellers £114s. Greenstone-Sellers 23 p. Grey River Consolidated—Buyers 12s 3d, sellers 13s 9d. Hallway House-Buyers £2 Is, sellers £2 3s, Hartley and Riloy-Buyers £6 7s Gd, sellers £G 13s. I Jnch-holme-Buye'rs Bs, sellers 103 9d. Junction Electric-Sellers £1 Us. ' Kelly and Casey-Buyers £1 12s, sellers £1 13a 9d. Leaning Rock-Sellers 3s 6d dis. Leviathan-Buyers,£l 2s, sellers £1 ss. Magnetic-Sellers £1 10s. Majestic-Buyers £1 6s, sellers £18s Gtl, Meg mid Annie—Buyers £3, sellers £3 ss. Merrimac—Sellers £1 ss, ~ Mo* Flat-Buyers £1 0s 6d, sellers £1 Is 6d. Mbkoin—Buyers £ I 3s, sellers £1 6s. Naumai—Sellers'l9s. Nelson Creek-Buyers £2 17s, sellers £2 18s

Od. ■ • ' c . New Alexandra—Buyers 10s, sellers 12s Gd. Pactolus No. _2~Scllors 2a p. Reeves Proprietary—Sellers 15s. Richards's Beach—Sellers ss. River Molvneux—Sellers 3s Gd p. Eoyal Mroh—Sellers £1 lg. Sailor's Bend—Buyers £1 IBs Gd, sellers £2. Second Magnetic—Buyers £1 9s 6d. Teremakau-Sellers 3d dis, Three-mile Greenstone—Buyers £1, sellers £1 2s. ..-■'. ~..'... .-. -

| Upper Magnetic-Sellers" 9s. Victory-Buyers Bs, sellers 9s p. Vincent-Sellers £2«• , Vincent Extended-Sellers f2 2s-3d. Waimumu-Sellersfl Gs. Waipuna-Scllcts lOs-Wareatca-Sellers 3s Gd p. r Wxtterson's Consols-Sellers la p. Woodstock-Buyers_3s ) jelleis 5s p. SCOTTISH CHIEF DREDGING COMFAOT The aunual meeting of the Scottish Chief Drying Company was held at Lawrence on ThSy evenu>g, when there were presentMess sB Hart ? hainnan), fc. Wood (Duneto I tTxua (Tnapeta Month), A. Macdonald, F. Vivian Geo. Leslie \Vm. Adams, H Hart, and J. C. Arbuckle. A large number of shares were represented by proxy. The report was as follows:- lho machinery is now completed and shipped from Glasgow, and the timber for tho pontoons is lying at the dredge site, and the building of the same will be proceeded with at an early date. If arrears of calls are paid promptly no time will bo lost in pushing on erection of dredge. In common with many other pompanies, your directors have found it difficult to get in ,the calls, and Uavo placed the matter in the hands of their solicitor for recovery—with good results, lho arrears on the l 3 t January were £3528 16s, and now they stand at £2100, and legal proceedings will be taken for recovery thereof. In several cases shareholders have asked time, promising payments by instalments, and these requests have been, whenever practicable, complied with, as your directors do not wish to act harshly; but the time has now arrived when thay are compelled to adopt strict measures. The claim is one in which we have every confidence, and we are most anxious in the interests of shareholders to have the' dredge working at as early a date as possible; but to do this it is absolutely necessary that shareholders should pay their calls regularly in order that no financial delay may occur in carrying out tho necessary work to a completion." In moving the adoption of the report and balance sheet the Chairman stated that tho machinery had arrived from Home, and would be forwardod, to the claim without delay. The whole of the timber pontoonß was lying at the claim and in readiness to mako an immediate start with their construction, The shareholders could therefore see that it would not take long to havo the dredge working if the calls came in promptly, but the directors had decided not to incur liabilities in excess of the capital that came in, so that if delay occurred they would recognise it was tho the fault of tho dilatory shareholders and not the directors. As to the merits of lho claim, in his opinion it was a, very promising property, containing, as it did, a very largo area of both river and beach capable of being worked winter or summer, and any shareholder with any knowledge of mining visiting the claim could not fail to come to th 6 oaiuo conclusion. Mr W. Wood seconded the motion. Mr D. Eraser endorsed the remarks mado by Mr Hart, and, speaking from his local knowledge, he thought there were ley, if any, claims which would prove a greater success than the Scotish Chief. Other shareholders having expressed themselves in a similarly hopeful manner in regard to the prospects of tho claim, the motion was j put and carried, unanimously. Messrs B. Hart nndi Wm. Adams were reelected directors, and Mr J. C. Arbuckle I auditor. On the motion of Messrs Arbucklo and Vivian a hearty vote of thanks was accorded to tho directors for their valuable services during the past year.

DAY DAWN GOLD DREDGING COM-

PANY. An extraordinary general meeting of the Day Dawn Gold Dredging Company was held on Thursday evening. There was a fair attendance. The Chairman (Mr Somerville) laid before the meeting tho following resolutions:—(l) "That the capital of the company be increased to £7850 by the creation of 830 new shares.of £1 each." (2) "That anything in regulation No. 27 of table A to ' The Companies Act, 1882/ to the contrary notwithstanding, the directors' arJ hereby authorised to issue such SSO new sharc3 as fully paid-up shares, together with the 400 shares remaining unissued of the original capital of the company also as fully paid-up shares, in satisfaction pro tanto of tho purchase money for any dredge which the directors may purchase for the company." Before the resolutions were put, a discussion ensued. The chairman was requested to read Mr Roberts's report on the claim, and one of the shareholders desired an explanation as to why they dispensed with his services, seeing that he was appointed as engineer to the company. Was it because ho gavo an unfavourable report on the claim? The only reason tendered was that they did not get the consideration they were entitled to, A shareholder of the Nugget Company's claim commenced to give a glowing account of that claim, and advised tho Day Dawn directors to take it ove'r. According to the speaker, tho Nugget was a second Hartley and Hilcy. One of the Day Dawn shareholders asked if the claim was so good, why not keep it? and if it would only take JSOO to put the dredge in a position to bottom their claim, surelv they could manage to raise that. The shareholders present seemed to favour tho company being wound up, and-a committee was appointed to confer with the directors and discuss'the position. After two hours of lively discussion, the meetingstood adjourned until that day two weeks.

. NOTES FROM ALEXANDRA. (Fbom Oun Own Correspondent.) ALEXANDRA, March 30. The Molyneux is tho same as yesterday. Tho returns for the week are about the average Good progress is being made with the-River Molyneux Company's pontoons, . The Golden Beach dredge is expected to start dredging in the middle of'neut week.'

THE WEST COAST. (Per United Press Association.) . GEEYMOUTH, March 81. Dredging returns:—Tho Now River dredge for various periods to the 23rd March obtained 20oz for 61 hours, and for tho past week lOoz 17dwt; Buller Junction, 330z gold for 93 hours; Reeves Proprietary, 7oz lGdwt gold for 72 hours; Waipuna, Boz sdwt for the week. The report last Saturday for tho Waipuna dredge should have been lloz for the week and 7oz for a broken week not previously repotted; total, 18oz.

NOTES FROM REEFTON. , (From Oub Own Coebespondent.) REEFTON, March 31. Latest Reofton stock quotations:—Alpine Extended, 6d to 9d; Big River, Is Cd to 2a; Kcop-it-Daik, 24s to 255; Progress mines, 23s to 255; Crcßßiis (Fapaioa), Is 9d to 2s; Kirwan's Reward, 6s to C 3 6d; l\ew Scotia (contrib.), 3s 6d to 3s 9d; do (vendors'), 4s 4d to 4s 6d; Golden Lead, Is to Is Gd; Buller dredge, 5s to 5s Gd; Buller Junction (premium), 10s Gd to lis; Callaghan's Creole, 5s Gd to Gs; Grey Eivcr, 29s to 31s; Mokoia, 24s to 265; Pactolus (premium),' 28s to 31s; Reef ton United, 2s 3d to 2s Gd; Old Diggings, 4s 6d to fis; Premier (Buller), par to Gd; Fedderson's, Gd to 3d.' There is no return from the Pactolus Gold Dredging Company this week, owing to the breaking of the pinion wheel. The river fell too quickly to enable the Old Diggings dredge to be floated down. It is now just about opposite M'Kay's. Mr Freeman, contractor, is making headway with the pontoons (or the Promier and Welcome dredges. Ho expects to haye them launched next month. Tho Eocklonds dredge is now working across a shinglo bank to tho El Dorado claim. It is not expected that gold, will bo obtained till tho dredge has gono about two chains from its present position. Returns:—Keep-it-Dark for the month cleaned up at tho battery 2930z gold, and obtained from tho cyanide process 130oz gold, making a total of 4230z gold from 1254 tons. The Kirwan's Reward cleaned up for the month 3790z gold from 450 tons.

SEARCHING FOR DEEP LEADS. (Per United Press Association.! AUCKLAND, March 31. The Government have decided to assist in boring operations along the -foreshore at the Thames to discover if the Caledonian and other lodes tending seaward can be intercepted at a depth. The boring plant is to be lent free of charge by tho' Government, who also grant a subsidy of 10a for every pound expended by tho Victoria Gold Mining Company, who own tho claim. Tho total Government contribution is not to exceed £1000.