CORRESPONDENCE CONDENSED.

Otago Witness, Issue 2430, 10 October 1900, Page 21

CORRESPONDENCE CONDENSED.

" Shareholder," referring to the Richards's Beach Company, says: — "Whilst making all allowances in the how stereotyped terms for delay in building dredges, I really think for downright mismanagement and carelessness as to shaieholders' interests, the above company takes tho cake. The pontoons have been built for nine months, and ai- a general meeting held five months ago, after ihe directors had been brought to book, we were faithfully promised the dredge would make a. start two months from that date. Five months have elapsed, an.d no sign of a start beyond the weekly bulletin ' m another week.' Shareholders, wake up, and place the company m proper hands at once. Your shares have been discounted and lun down long enough — no wonder, with mismanagement shown. They have risen 6s this last few days; as knowing people buy. You have a good property; don't let' things 'slide' any longer."

REPORTS FROM WORKING DREDGES. The Hartley and Riley Beach Dredging Company (Limited) washed up yesterday for a return of 3220z sdwt of gold for 130 hours' dredging. The Seoretaßj of the Inch Valley Gold. Dredg-

ing Company reports a return of 6oz 18dwt for 103 hours' dredging The Secretary of the Gold Queen Dredging Company reports a return of 370z ior 119 hours' dredging. i

The Secretjiy of the Meg and Annie Dredging Company repoits a return of 105oz lOdwt for last v. eek.

The Seeietaiy of the Empire Dredging Company reports a return of 540z lSdvt.

The Secretary of the Golden Gate Dredging Company reports a return of 240z IGuwt ior six clays' dredging.

The Seevetaiy of the Manuhenkia Gold Dredging Company reports a return of 102oa 14d\/t 20gr for 130 hours' diedgmg. Wesh. still goocl; liver going down; dieclgc working well. The Secretary of the Vincent Dredging Company leports a leturn of 220z for 133 hours' work. Stopping oa. Mondpy to take off elevator.

The Secretary of the Chicago Dredging Company reports a return of lOoz for thic-e days' dredging.

The Dunedin Stock Exchange report the following return, for last week: — Otago Diedging Company, 21oz 3dwt. The Golden Tiea&uie dredge is repairing.

The Secretary of the Waimumu Queen Di edging Company reports a return of 16oz odwt tor 100 hours' dredging.

Thp Secretary of the Olrig Dredging Company (Limited) reports a return of 14oz 4dwt for ia o i week. The dredge is taking a cut lo the lower end of the claim. Wash not so good, but will probably improve when she returns.

Mr L. Ryan, Alexandia, reports a return of 51oa Sd'.vt from the Perseverance dredge. The Molyneiix Hydraulic diedge staifced on Satuiday morning.

The Secretary ot the Manorburn Gold Dredging Company lepo^ts a return oi ISoz lldwt lor 108 hours' dredging.

The Secretary reports that the Waimumu dredge washed up-.200z for 124 hours' dredging. -

The Secretary reports that the Waimumu Extended Dredging Company's return is 13oz 6dwt for 120 hours' dredging.

The Secretary of the Waimunm Contial Diedging Company reports a return of 14oz 3dwfc for 119 hours' dredging.

The Secretary of the Matau Dredging Company reports a return of 28oz )or the week

The Secietary repoits a return of 1240z ficm the Clyde dredge last week. The liver is sft above noimal rnaik, but is now falling. The Secietary reports that the return from the Earnscleugh No. 1 dredge is 230z 13dwt. The Secretary reports that the Magnetic dredge washed up for lOoz for three days' woik. River in flood,, still rising.

The Secretary of the Waikaka Forks Gold D,redgmg Company reports a return of soz odwt" llgr for 39 hours' dredging. The Secretary reports thai the Electric dredge is still repairing. River up 4ft; no wash up this week.

Mr J. J. Gibson, Lawrence, reports a return of 350z 6clwt 12gr from the Success dredge for 137J hours' work.

r lhe Secretary of the Cromwell Dredging Company reports a return of 390z lldwt 21gr for ill houis' work. River up 4ft.

The Secretary of the Junction Electric Dredging Company reports a return of 31oz 12dwt from the No. 1 dredge. River too high to work. The No. 2 dredge resumed dredging on Friday morning at the bottom of the claim.

The Secretary of the Enterprise Dredging Company reports: — No. 1 dredge, 21oz 6dwt for 117 hours' work; No. 2 dredge, ICoz 7dwt for 134 hours' work.

The Secretary of the Charlton Creek Dredge ing Company reports a return of 40oz for 125 hours' di edging.

The Secretary reports that the Woolshed dredge obtained 360z 14dwt for 136" hours' work last week.

The Secretary of the Morning Star Dredging Company reports a return of 18oz 4dwt for 130 hours' dredging. The Secretary of the Electric Extended Dredging Company received the following wire on Saturday: — '"Started shifting yesterday. Hope to get down by Wednesday. Have got over the bar."

The Upper Waipori Alluvial Gold Dredging Company (Limited) obtained last week 490z of gold for 137 hours' dredging.

The Jiitland Flat (Waipori) Gold Mining Company (Limited) obtained last week 15oz ldwt of gold for 144 hours' wages time, 127 hours' actual dredging.

The Secretary reports that the return from the Lawrence Company's dredge for the week ended 6th inst. is 21oz 15dwt 16gr.

The Secretary of the Chatto Creek Dredging Company reports a return of 20oz 19dwt for 138 hours' dredging.

The Secretary of the Tuapeka Dredging Company reports a return of 16oz for the week ended Saturday last.

The Secretary reports that the Evans Flat dredge obtained lOoz lodwt for the week ended Saturday last.

The Secretary of the Golden Beach. Hydraulic Elevating and Dredging Company reports a return of 15oz ldwt lOgr for 47 hours' work. The dredge has stopped to repair a broken pinion, but will start again this week.