Page 7 Advertisements Column 4

Otago Daily Times, Issue 20190, 30 August 1927, Page 7

THE COAL BOOM HUGE WEEKLY OUTPUT PROSPEROUS COMPANIES DIVIDENDS OF 10 TO 25 PER CENT. Many of the public have not yet 'realised that there is now a veritable Loom in coal. Probably the coal situation has never been more satisfactory. This is largely due to the changed policy of the Government in ordering huge quantities of New Zealand coal for the Railway Department. In a little over a year the proportion of our own coal used by the department has increased from a small percentage to over 60 per cent., and the increase is still continuing. The result has naturally been to stimulate production from all properties possessing steam coal, and in cases where companies are able to supply both household and steam coal the effect is very marked. PROFITS AND PRODUCTION. The following companies engaged in the industry are in a very satisfactory position, and details of their dividends and output will be news to many. (1) Taupiri Coal Mines, paying 10 per cent dividends. (2) Westport Coal Co., paying 12J per cent, dividends, (3) Waipa Colliery, paying 10 per cent, dividends. (4) Kaitangata Coal Co. Profits of the mine for 17 years have averaged £12,500 per annum, equal to nearly 20 per cent, on the capital of the present company. . ' . (5) Pukemlro Collieries, paying 25 per cent, dividends. (6) Glen-Afton Colliery. Privately owned. Has the largest output in the North Island, and it is stated that the profits are equal to any in the industry (7) Blackball Colliery. Privately owned. Present output is stated to be approximately 3000. tons a week. (8) Linton Colliery (Southland). Privately owned. Estimated to have a life of 80 years. The coal is sold as far north as Christchurch. Present output is approximately 1750 tons per week. (9) Hikurangi Colliery. Recently reopened, and stated to be producing approximately 2000 tons a week. The preference shares have trebled in value In the last few months. (10) Dobson Colliery. Recently reopened and stated to be producing 1500 tons a week. It may be said that In view of that series of properous companies, there are few New Zealand industries which are in a better position. PAST AND PRESENT RESULTS. Not the least remarkable fact in con* nection with these collieries is that during the last few years, when they have been earning these profits, many of' them have been working for only three days a week. Now that full production is possible, one may be certain that still more notable results will be obtained, and the measure of this increase has not yet been attained. THE MOST SUCCESSFUL MINES. Out ot this group it is noteworthy that the most successful of all are those which produce a large proportion of household coal, and which also are adit mines. Such mines have no necessity to sink deep shafts or to install costly i pumping and winding machinery, but produce the coal simply by driving tunnels into the seams which are in rising ground. When they have, in addition, ready access to a main railway line, these properties border on the ideal. Such are those pf the Pukemlro, Glen-Afton, and Rotowaro mines, the latter being owned by Taupiri Coal Mines, Ltd. HILLSIDE COLLIERIES. LIMITED. ' At the present time the flotation of Hillside Collieries, Ltd,, which is now being completed, affords a very interesting comparison with the above-men-tioned properties, since its mines hava all thg advantages of those wbicb have hitherto been most profitable, together with certain further advantages peculiar to themselves. They include 80 acres of freehold, with three easily-worked coal seams outcropping to the surface _in numerous places. Besides producing the best household coal in the South Island, the mines possess both steam and gas coal. The property is aptly described as “not a mine, but a mountain of coal.** There are no promoters* shares. Everyone with funds for investment should make a point of carefully studying the prospectus, which may be obtained from any licensed sharebroker or from the company* brokers, G. Stewart Craig. Ltd., lei Hereford Street, Christchurch, or 41 Shortland Street. Auckland.

THE LAST WORD in FOOTWEAR VALUES If not, get busy. Men’s Box Chrome Unlined Derby Boots, light rivetted soles; bought before the leather rise - -- -- -- -- - Men’s Real “Zug” English Cookhams* double sewn soles; the best value in the Dominion Men’s Black Box Calf Light Brogue Shoes, medium toes, welted ------- Men’s English Calf Derby Cookhams, leather lined, double sewn soles; in Black of Tan Men’s Patent Leather Tab Slippers, sewn leather soles. Worth 14/6, for - - - Ladies’ Bostock Patent Gusset Bar Shoes, pump soles, Louis heels. Worth 37/6, for Ladies’ Bostock Fawn Kid and Calf Strap Shoes, pump soles, enamel instep buckles, Louis heels. Worth 42/-, for - - - - Ladies’ Patent Strap Shoes, assorted styles, with Louis, Cuban, or low heels. At Ladies’ Black Suede One-strap Shoes, sewn soles, Louis heels; assorted sizes - - - Ladies’ “Selby” Suede Oxford Lace Shoes, Louis heels, pump soles; in Fawn, Grey, or Brown Such Values |ave not been offered to the Dunedin public for a decade. Shop e while they last. You will not regret it. W. HARRIS & SON, Ltd. THE FOOTWEAR SPECIALISTS, 22 Princes St, 212-214 George St., 133-135 King Edward St 101 Stuart St., 242 Princes St. South, and Gardens Corner. Water is ait everyday Necessity ? Ask any housewife about it. If you have electric cur- , rent you can secure all the 1 hot water you need, day a* or night, by the installa- i tion of a Mercer Electric CyttAder \ No flies to light, bo wood to chop, ' no coal to carry, no musing about > with a range, no having to wait for < the water to heat. "■ All you have to do is to press a switch and gallons and gallons of delightful hot water are heated for you electrically—at a much cheaper cost than the coal and wood would have cost you. Full particulars from Dunedin Agents: HOME HEATING SUPPLY COFiileul Sired, Dunedin. M’W/iS-jS ; a e That Air of Distinction! These Eyeglasses will do much towards lending "that air of distinction" that every business mem prizes. Combined wi'h this is the fact that they are wonderfully comfortable to wear. Consulting Optometrists: Mr WM. DAWSON. Mr H. S. FAIRMAID. DAWSONS LIMITED Corner Moray Place and Princes Street, DUNEDIN.