MINING.
RISE- AND .SHINE GOIrD DREDGING COMPANY. , The twentv-secbnd annual meeting of the Rise and Shine Gold Dredging Company was held yesterday afternoon in the .office of the secretary (Mr W. T. Monkman). Mr Robert Oilkiaon occupied the chair. In movirfg tlie adoption of the annual report and .balance sheet (already published), the \ Chairman said that there .was very little to adld to the report. It was there stated that the dredgem aster had moved the dredge to tho lower end of the claim, where it was proposed to open a new cut. The dredgemaater was’ favourably impressed with the prospects. For the first seven days_ the return from the opening had amounted to 14i 0 z. Should the new out prove payable tho claim would last for some time yet. The directors wore very pleased to be able to declare a dividend of Is last year, the first for some time. ■; The motion was carried. Mr F. Bradley' was re-elected to the board of directors and Mr' T. Chalmer was reelected auditor.
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Bibliographic details
Otago Daily Times, Issue 18549, 9 May 1922, Page 9
Word Count
173MINING. Otago Daily Times, Issue 18549, 9 May 1922, Page 9
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