MINING.

Otago Daily Times, Issue 17064, 24 July 1917, Page 6

MINING.

Stoping has been continued as usual over the loW T level on No. 1 reef in the Rising . i>un. In both Nos. 3 and 4 blocks the • J , ecf . M , maintaining its size, and is pro- , ducmg highly payable dirt. In No. 2 level 2. J „/ Wait3 ngi Consolidated mine a ■ rurtner 4ft of the main reef was stripped i ££. mu n do 7 n for an average width of ott. J.he ore looks well, and shows good minerals. The crosscut has been advanced , a further 2ft, making the total width of , the reef 12ft. Unless they intend to instal tho cascade system of flotation, the directors of the ■ Broken Hill Junction Company expect that i before the next meeting of shareholders "ley will be in a position to declare a dividend. • In a year in which the actual . producing period was 11 months, the com- , pany made a profit of £19,400. Assets representing £7000 are held at present in the shape of ore, and liabilities in wages and I ; stores amount to £3800, leaving a net sur--1 plus of £3200, plus stores on hand, which were worth nearly £5000, and bank balances of £1150.