TRAFALGAR COLD DREDGING COMPANY

Otago Witness, Issue 2509, 16 April 1902, Page 24

TRAFALGAR COLD DREDGING COMPANY

The following repoit will be presented by the directors ot the Trafalgar Gold Dredging Company at the second anuual meeting of shareholders " The directors have pleasure m submitting the second annual balance "sheet of the company to shareholders and reporting progress. Although the Despatch Foundty, who had th<* machinery contract, =tated there would be no dela)' in delivery, your directors regret that the machinery lias not been finished up to time. The erection contract has been undertaken by the company's engineer for the sum of £550 or teirus which enabled the work to be gone on with at once. There have been a number of \exauous delay, but Mr Roberts, the engineer, states that everything will be completed early m May. Mr A. Dalziel has been appointed to the position of dredgemaster, and \our directors con = ider they have a first-class man, he having had charge of the Empire Xo. 2 dredge for ?omr- considerable time with great satisfaction to that company. An additional three acres have been acquired without coat beyond the registration fees, and the steady returns from the adjoining claim — the Pactolus—augur well for the success of this company. The retiring directors are Messrs l-\ Arthur pnd A. Dunn, who offer themselves for re-election. The auditor (Mr Powell) also offers himself for re-election."