MINING.
WAIHI GRAND JUNCTION. v THE YEAR'S OPERATIONS. The following cabled information has been received from the head office, L^don;The annual meeting will be held on Jmy 25.' For the year ended December 31, uss, the total revenue was £29,033, inclusive ot sundry receipts, London £IBBB, and profit on realisation of war stocks £2527. After charging cost of mining, milling redemption of development, amount written off for depreciation, and administration in Loudon and New Zealand the accounts show a debit balance for the year of £I6GG, which leaves £24,548 at the debit of profit and loss account to be carried forward. The following cabled information has been sent to (he head office, London:—No. 5 level, Martha lode.—ln the east drive, from the 169 ft crosscut; From the crosscut to 65ft oast, the width of the drive is sft. Tne assay value of the ore is £1 16s 6d per ton. No. 10 level. Empire lode; The east drive has been extended to 350 ft. From 290 ft to 320 ft the average width of the drive is Sift. The value of the ore is 7s 4d per ton.. No. 10 level. Empire lode: Driving west on the footwail; seam found at 157 ft, south of the main shaft is out to Gsft. From Soft to 65ft the width of the drive is 41ft. The value of the ore is £1 3s 6d per ton. No. 1 shaft is down to 79ft below No. 10 level. We are now breaking out the full size of the shaft. : 1
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Bibliographic details
Otago Daily Times, Issue 18928, 31 July 1923, Page 9
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257MINING. Otago Daily Times, Issue 18928, 31 July 1923, Page 9
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