MINING.
9 • ■ i; -.ff The Rise and Shine dredge began to .opca;jj out the new cut on Thursday last, and reached a depth of 30ft on Saturday, was not expected that bottom would* be got before the end of the present week. Xheiy ground was fairly tight, and large BtpneaC-,' were numerous. A little fine gold l wae - got from the top seams. * i .• —— WAIHI COMPANY. . ‘,--V Cabled advice been received by the l attorney at Auckland that the annual'. ineetc-j----ing of the IV-aihi, Gold-mining Coeirpnny, Limited.,' will bo held in London on Mays'#.'’! The statement of accounts for the ye«(r, ■ shows:—Carried forward from last year,.;. £14,100; gross profits, 1921, £66,600; special.; oloan-up at refinery, £40,000; making a. totxk-, of £120,700. Of this'amount dividends have, ; absorbed £49,600, and income tax and, 'cox-:,. poratibn profits ■■ tax £46,100. The 's«m - ,;of - £14,000 has been allowed for depreciation, , leaving £lljPoo to bd carried forward. ' /,■ ‘ ■
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Bibliographic details
Otago Daily Times, Issue 18545, 4 May 1922, Page 9
Word Count
151MINING. Otago Daily Times, Issue 18545, 4 May 1922, Page 9
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