PATERS ON'S FREEHOLD GOL D MINING COMPANY.
The following report for the year ended July 31 will be presented to shareholders m the Paterson's Freehold Gold Mining Company at the annual general meeting: —
" During the year the returns have been very ordinary, but the dredges have worked good time, and gold to the value of £7867 16s ad has been -won, making th.c total output of gold to date £25,092 17s lid. Four dividends have been paid during the- year amounting to £2700, making six dividends paid to date ; amount £4200. A sum of £1600 has been paid on account of W. H. Paterson's mortgage, which now stands at £1400, and amount due to James Paterson, £675 2s 6d, has been liquidated. A balance remains to the credit of profit and loas account of £4095 4s lid. Your directors recommend that £4000 of this amount be placed to the depieciation of plant and property."
On 31st July last there was cash in the bank and in hand to the amount of £8 and gold in hand to the value of £168. Sundry creditors- totalled £216, a sum of £53 was owing to the bank at Gore, and £6 on account of the Waikaka Sludse Channel.
Permanent link to this item
https://paperspast.natlib.govt.nz/newspapers/OW19050823.2.76.8
Bibliographic details
Otago Witness, Volume 23, Issue 2684, 23 August 1905, Page 27
Word Count
205PATERSON'S FREEHOLD GOLD MINING COMPANY. Otago Witness, Volume 23, Issue 2684, 23 August 1905, Page 27
Using This Item
Allied Press Ltd is the copyright owner for the Otago Witness. You can reproduce in-copyright material from this newspaper for non-commercial use under a Creative Commons New Zealand BY-NC-SA licence. This newspaper is not available for commercial use without the consent of Allied Press Ltd. For advice on reproduction of out-of-copyright material from this newspaper, please refer to the Copyright guide.
Log in