MINING.
HOUND HILL MINING COMPANY (LTD.). Tho thirtieth annual report of the above named company has been issued to shareholders. It is somewhat belated, th© year having ended on July 31, 1922. The company’s head office is in Liverpool, and the annual meeting was held there on April 10 last. The report states that the yield of gold during the 12 months amounted to 818 oz iklwt 12gr, which realised £4032 8s Id, as against 9120 z 17dwt ogr realising £4713 7s Btf for the previous year. The result ot the year’s working shows a less, amounting to £1224 15s 4d. The directors’ report, however, that since tho close of the financial year there has been a substantial improvement in the returns. For the 26 weeks ended January 31 the yield was 780 oz of gold, as against 3990 z for the same period of the preceding year. This average was not maintained, however, as tor the six weeks ended March 16 tho yield was 970 z. The report further states that the directors have seriously considered the disposal <o£ the claim,®, if an offer could be got for them. The company's representative in Invercargill; had endeavoured to obtain an offer for submission to the directors, but had not succeeded.
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https://paperspast.natlib.govt.nz/newspapers/ODT19230528.2.87
Bibliographic details
Otago Daily Times, Issue 18873, 28 May 1923, Page 9
Word Count
210MINING. Otago Daily Times, Issue 18873, 28 May 1923, Page 9
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