MINING.

Otago Daily Times, Issue 12414, 25 July 1902, Page 6

MINING.

Toe secretary of the Alexandra Bonanza Gold Dredging and Sluicing Company reports that the manager washed up for 30Joz for th-: paddock, Mr' J. J. Ramsay reports the Patterson's Freehold leturn for last week as 270z. ■ • Mr A. C. Perkins has been appointed engineer on the Dunstan Lead dredge. The Thames advertiser says that mining has received a great sot-back at Wa.fckauri, due to the closing down of the parent company. The outlook in that district is a gioouiy one. The Golden Glen dredge has been closed down tor the present, pending the. meeting of shareholders next week, when the future oi the company will bo decided upon. Mr Steel, dredgemaster of the Gibbston dredge, is at present making arrangements for securing a- crew, and expects to start dredgin* early next week. ° The dredgemaster of the Central Electric dreago wires that he resumed work on 'Wednesday night, all the machinery running well. The Cromwell Argus slates that Mr Wm. Kitto has been appointed dredgemaster of the Golden Bay dredge, Xelson. He is a man ot great experience in dredging matters, and the company has secured a first-class man. The dredgomastsr 0 { u, O Charlton dredge reported under date July 2-2 that he has had alittle trouble fitting the new tumbler, but it is all right now, and" he started drodgiu° that clay. He is working 12-hour shifts, and will get to the shaft as soon as he possibly cn-i. The secretary oi the Golden United Gold Dredging Company reports that the company has purchased the pentcons, machinery, engine, ni'.ir.o, ropes, and boits belonging to tlie Golden Jiorsrskoc Company. Tenders are now being cr,:ie:l for ;lie removal of the property to tlie GoSdc" U-.'itcd Company's claim, and no time v.V. bo !p-,t in fjcUirig'tho dredge to work. As ih? funds of the Excelsior Gold Dredging tonmany are in a position to enable work to lie carried on any longer, a meeting of sharei"' (;■•'/ h.\s he?" called for the purpose of ro-:?i:ier;ii; iho advisability of voluntary liqui'jlio bottom half of the claim has been i;s:.tl. wi'li T.rher disappointing results, but t'v 'j'i ijov'.'O:! has, owing to lack of funds, not '-•lev fried/.! ail. ■ '• :p 0 ;i-';Vo'i correspondent of the Cromwell "'.'v.'' 3 ". v ; : ~'' i l '''.' .Spain and his energetic t>i! are b:?h-ing to ret file Merrinwo to i,. : "'" '.' rrr "y *° ?o farther down the river. ":?•.• nav.i eel :»-. l-ddrr anil buckets all readv *o Vi.vl. ?M \i j s in l,c hoped that she wiH '''''' -i name te herself when she starts work V.-. ■>?-- c zc.y?. av.thorilv that the directors ' f. v T. v : " In '-';" Consols Dredging Company <■■-. •-■-.■ ,-vc (K?i? ; »i"5 a d : vidcnd of Is per ''■■■': n.exS week in the event of the dredge

| securing a. return o{ iSoz or 50oz this week .J3iey aro also cojwmplatiiig the advisability of lengtiiening thc ladder of the dredgo without dolaj, but 11)13 will probably depend on tlia aesult of tho trial of tho extended ladder of tho Alpino No., 2 dredge this week. The ladder will, it is expected, bo lengthened bv some 10ft or 12ft, so that work can be carried on wh^i I th^ iver I 9 a g°°< l deal higher than at present Tho provisional directors of the r\>v Britannia Gold Dre/lging Company have called a meeting of shareholders for next wez't;, for the jmirpose of electing directors and !i secretary and in tho meantime, are pushing on all the preliminary details, such as registration etc an order that the dredgo may be got to'work without any unnecessary delay. UW expect t T,f erything com Plctod by tl, e time the shareholders meet, so that operations should bo started very soon. Up to the present 57 shareholders in tho Sendigo Gold Dredgmg Company, holding about 3300 shares, have responded favourably to the directors' request to consent to a levy of Is W per share, but if tho remainder do not respond within tho next few davs the directors wilt be compelled to consider the question of tliqwdation. If this course is rendered necctaiy an endeavour will probably be made to icconstruct, but this will necessitate findine a capital of at least £-2000 or £3000, whereas by Ltw i° nptl ? U Cf ls Gc ! por sharo '«'» fiances could be put on a. satisfactory footin- . An extraordinary general meeting of shareholders m the Kia-Ora. Gold Dredging Company has been convened for next wcekVoKat tho present position and the future proceed > gs of the company may bo discussed. The dredra SfnTfti 8 M h n T 0W " Claim for some liule mT'iS? 1B T u 3U ts T OIK,t vor y encouraging, and latterly she has been engaged in telling the claims of he Golden Vein and Horseshoe Bend Companies. The dredgo is at present moored on the latter conipanvl claim. P ' The engineer to the Lower Enfield company, who returned from a visit to the claim a few days ago reports that the machinery does not Tl,?fi* h T '? °\ L sufficil!l rCy of water power. The contractor for the ereciion of the machinery pa d a vis.t to Dunedin and had a conference wuh the engineer and the directors, the result of which was that the contractor, at his own request, is being allowed to put a. new set of cups on the pelton wheel and also make a few rumor alterations. He expects to get the neces" am ma erial by the beginning of next vS and as the fitting up will not take longtto dredgo should be ready for work by the eld 0 f he week Mr W. E. Potts, of Waipori has been appointed to tho position of dredgemast r r 0f thc New fc Molyneux Gold Dredgmg Company has been issued, rind already promises have been received to tnl e in some 1100 contributing shares. The capitals been fixed at £6000 in £1 shares, of which 4000 ?onn t° tr ? ted -, as J tu & P aid - leaving «g 2000 to ho subscribed. For every contributing diare taken up holders will be Entitled to wo rully.paid shares, and thc provisional •directors may proceed to allotment when 1500 conMbu" wg shares are applied for. Tho capital of the a I liabilities and leave a good balance to elploit tho Amplications close on August *, so that shareholders must reply promptly if they Wl sh to conserve their own interest! The Rankleburn Amalgamated -Companies' id g G'r^ IC L ha t k f 1 ' P ros the Lioness nntl Great Beach claims, s offered for win