MISCELLANEOUS.

Otago Witness, Issue 1900, 3 July 1890, Page 14

MISCELLANEOUS.

At a meeting of shareholders of the Patearoa (Upper Taferi) Dredging Company, the legal manager was instructed to communicate with Mr Welman who suggested that a large dredge should be procured, uessrs Guffie, Mathiaa, Oameron, Oats, and T. Howell were elected direotorfl, and Messru Petrie and Wllbou auditors. Xhe proapeots of the company are deemed to be most promising by practical men who have a special knowledge of the company's property. The Lake County Press says :—One-fourth share In the Golden Drift Dredge claim, between Maori Point and Skippers, was sold at auction for £50, the purchaser being Mr M. O'Moara; £75 was offered but refused for the share immediately after.—Mr Sew Hoy has been supervising the prospecting of hia dredging olairas at Oardrona, from whloh good prospeoli have been obtained by boring. We understand that the dlreotors of the Kawarau Sig BeMh Company Are htvlog a larger boiler put In

their dredge, and that in all probability it will be in position in about five weeks. The whole of the plant for the Island Blook Extended Company has left Dunedin, and the pipe line is being rapidly laid. It Is expected that the company will be able to commence sluioing in about five weeks' time. A Hokitika telegram atatea that the Mount dOr Company'! total washing realised 2710z gold, of the value of £1030. A dividend of Is per share has been deoiared. The mine manager reports very favouarbly, and expects large yields in the future. A telegram received from Arrowtown states that the manager of the Gallant Tipperary Company washed up on Monday, the total yield being 281oz 6dwt retorted gold from 560 tons of stone. The Upper Walpori Alluvial Gold Dredging Company obtained 230z 18dwt of gold for four and a-half days' dredging last week. A telegram from Whangarel relative to the first Fuhipuhi crushing says that the general stuff from the prospeotor is giving 02oz to the ton, and shareholders are well satisfied. The scrip, whioh has been Bulling at 2i, ia now worth ss. 'A'aklng shares all round the fluid they have doubled in value within the last fortnight.