LATE MINING,

Otago Witness, Issue 2403, 22 March 1900, Page 38

LATE MINING,

(Continued from Pages 55)

In ora advertising columns Messrs J. J Ramsay and Co. announce that they have been instructed by the directors of the Morning Star Gold Mining Company to offer the Dunedin public 2000 preference shaies paid up to 17s 6d. The capital of the company consists of -12,000 shines fully paid to JCI, and "1,000 preference paid up to 17s Gc*. The liabiiity on the latter will thereforp be 2s 6d. Over 18,000 shares have been applied for by the directors arc! the present shareholders. C'lo&e tipor. £50,000 has been wo/i iiom 'the mine, as much as EOOoz being sent up m one month, and doubtless work wotiid have been in full swing now had a reserve fund been built up. On the old issue 9s 9d m dividends was paid when less than 4s 9d was called. The piospccts are considered excellent by the late and "the present mine manager, an woll as by other experts. For the last foitnight's piospe-jting four men won 25ioz gold. By resolution of the shaieholders Ilic dhectors have fo issue the remainder of the preference shares at 6d premium. Further particulars may be obtained at the ofiice of the brokers.