ROXBURGH AMALGAMATED MINING AND SLUICING COMPANY.

Otago Witness, Issue 2310, 9 June 1898, Page 18

ROXBURGH AMALGAMATED MINING AND SLUICING COMPANY.

A general meeting of fche above company was held in fche Chamber of Commerce yesterday afternoon. &fr W. --L. Simpson, chairman of directors, presided, and there were 10 other shareholders present. The report of the board of directors for the 12 months ended' April 30 was presented and read as follows :—

By reference to the revenue account it will be seen that Use value of gold wod for the year is £0J52 9s Bd, being within a few pounds of what it was last year. At fche same tima the expenses have bren considerably reduced, and the balance sheet sliovts the company to be in a considerably better financial position. The new mine manager confirms tha goo'l onkvion of the claim exposed by his predecessor, ar.il tbe directors hays confidence inhis opinioa ,13 he has been connected wUIi the claim as. owner a&d employee for so many years In accocd^nca wnh tba aiticles of association of the coupariy, two of the directors—viz., Messis J B. Callan aud J. llazlett— retire, as also do Ihe auditoi c , Messrs Win. Brown and Co., and, being elisibK off-" themselves for re-election. Tho Chairman, in moving the adoption of the report, said tbe balance sheet was vsry favourable —more fuvouiible indeed than la.at year. As indicated in lh^ report, the yield of gold was much, the saci& fci Ifcsv .year, bat fcke expanses wer.o con-

coasWcfiHy less. Lttstyear tbe liabilities »kod at J&E& 258 sd. sw against £lsi 9Us 9d this y*ar. T*«? .Ukd si 111 their deposit of £500 on baud to inset contir.gencie?. The odlv special expense this year hail been £80 to the'J'uapek? Crusty Council for shifting the roadway which r»r through their claim The new road wouJd be very advantageous to cheat. DnHnff thp year 1 bey bad had c change in their mine nianaget, but Mr Waigtb^ ihe r>w managei, had proved bim^elf quite fffiiiisnt and had displayed greaf Hp might pay ilsafc since thp- balance sheet was drawn up three months ago they had had good returns. They had now 2730z of gold od hand. Mr Hazl&tt seconded the moHoD, which was carried

The retiring directors and auditors were reelected, and the caeetiDß concluded

THE DEEP STREAM AMALGAMATED HYDRAULIC SLUICING COMPANY. (LIMITED),

Owicg to bard froat and s heavy fall of snot* the manager reports being unabl* to wash up. The delay is disappointing, since it was expected the retinas for May wouid considerably exceed the 98oz for Apri) ; 740z came'to baud for the first three weeks of the mor-th. and the bottom stuff had yet to go through -