STATEMENTS OF AFFAIRS.

Otago Witness, Issue 2762, 20 February 1907, Page 27

STATEMENTS OF AFFAIRS.

Th« debtors of- the Golden Run Dredging Company owed £28 at 31st December last, and -the liabilities amounted to- £1086 13s. The operations fox the year resulted in a profit. The expenditure was £4243 JJs^Sd, and the, iesrentje from J2050z 2dwt lggrAoi gold .was j £4646 13s 6d. Since registration the company j lias won 18.188oz 4dwt 21gr, valned »t- £70,030 , 6s 9d, and h*s spent £65,370 7s 10d. A total j of. £15,093- 15s- has- been paid back on. &. nominal | capital of £11,000.' All the shares have been allotted and paid, up to £1. Paid-up scrip to •the vaJue of £1600- has been distributed amongst shareholders without return-, and £500was received for 400- fully paid-up shares at , 5s premium. Altogether 685 shares have been , forfeited, but they were- reallotted at 5s premium, and fetched £856 6s. Ai registration there were 42 shareholders, and at the end of last year there were 132. The company employs 13 men. The gold won by the Waikaka Syndicate last year totalled 34020z 12dwt, v»lued at ' £13,739 5s sd, and the expenditure in carrying on. operations was £4310 6e- Id. Since registration on December 20* 1901, the- company has won 7158ez s&wt of gold, valued *t £28,539 9s Id, and has spent the snm of £24,061 9s lldi while the dividends paid h*ve reached £7000 on s nominal capital of the same amount. Only £3000 has, however, actually been, paid lip in cash, paid-up scrip to the value of the remaining- £4000 Having, been distributed amongst shareholders-. Thexe- are now 21 fißuenoldezs in the company, and the company employs as many as- 16 men on an average. At tbe end of last year there was £4Z7 19s. 2d in tbe bank, and there was no liabilities. Since registration on July 11, 1893, th« Golden. Treasure Dredging Company has paid £18,694 in dividends on » nominal capital of £3000. The gold production baa reached st total of 13,6836z Bdwt 13gr, valued a* £52,683 9» 2d, and the expeaditure has been £36,947 j 12s 4d. Of these totals 10670z lOdwt lggr of gold, valne £4119 Bs, was won last yea* at an expenditure of £3449 ss. 6d (including £349 2s ! 3d paid to tbe Otago Company). At the end of tfee year, with £85 at the bank, the company owed £357. The capital actually paid up in cask stands at £1384 5s 4d, scrip to the {paid-up value of £1500 having been distributed amongst shareholders, and 124 shares having ■been forfeited. At the 31st December there ■were 41 names on the share list, as against 19' at registration. The company employs eight men. The operartions of* the Golden Gate Dredging Company hist year resulted in a profit, 7160z 13dwt 18gr of. gold, value £2765 Bs, being •won at a cost of £2134 10a Id. At the end of tihe year there was at the bank and on fixed deposit £1075, and with debtors (considered good) for £3, the company had creditors amounting to £214 9s lid. Since the company •was registered on M-aroh 13, 1896, 13,7650z 14dwt sgr of gold, value £53,015 99 3d, has been won^and the expenditure has been £30.430 17ff 3d. The capital of the company is divided into 2600 shares of £1 eaca, held by 53 shareholders. At registration there were 20 share- I holders. The company's employees number Beyeiu 1 At aigt December the Central Charlton 1 Dredging Company had a reserve fund of £500, and had £168 0s 6d at the bank, with, all liabilities paid up to date. A fair margin of profit was left on the year's operations, 1021oz 17<iwt of gold, value £4115 15s 4d, being won at a. cost of 42605 4s Id". The gold production sites registration on, December 8, 1898, has reached- 59620z 6dwt, value £2S&» 25s 4d. The expenditure has been £22,62* 10» 3d, and: £5950 (at the rate of 17s per share) has been paid back in dividends. There are at present 108 shareholders, an increase since registration •srkea tb**» were '6B. The company employ* eight men. The nominal capital is £7000; and tbfr paidrug capital is £5300, scrip to the paidup value of £1700 having- been given to &haretoldors without return. , Tiie New Zealand Crown Mines Company , ■won 99360z Odwt 18gr of gold last year, and ' 7088OZ Idwt 23gr of silver, the total production . being valued at £43,061 3s 9d. The expendi- I iure in carrying on operations was £43,675 8s j lid. Since the company was registered : dn the colony on June 27, 1836, j 133,9470z of gold and 110.3710z of silver have j .been won, and have yielded £586.906 17s lid. Tho expenditure has been £558,511 4s Bd, and £1224 3s has been distributed in the colony in> dividends. At the end of the year there was £22 14s 3d to the credit of the attorney's account, £608 14» It to the credit of working account, and £10 on band. Sundry debtors («ll j considered good) owed the company £35 6s, j and of a total amount of £1218 Is lOd owing bj the company, liabilities in the colony /totalled £669 12s 7d. "Hi# Phoenix Dredging Company (Waikaka) . Bias had to suspend oparations on account of j ■tie continued dry weather. Dnring lest year ; the company won 5670z of gold, Tallied- at : £2246, and «p«rt £2263 19s 9d ist carrying oil operations. Since registration 1 on Septem•bsr 27, 1989, the gold production has reached 29*30z, v«hi«d at £H.7M>, and the expenditure has totalled £11,881 2s sd, Dividends to the amount of £3900 have been paid. The capital of the company is divided into SO shares of- £50 each, held by 15 shareholders, an in- j crease of 10 over the number on the list at j registration. At the end of the year the com- ! rpany had about £48 jn hand, while liabilities (totalled £16 9s Td, and the contingent liabilities £80. Usually seven men are employed ton the dredge. The. Ettrick Gold Steam Dredgirg Company gives employment to eight men. Since •registration on August 29, 1890, the gold won ihaa reached a total of 93860z lGdwt 14gr, of « value of £36,133 16s 7d. The expenditure lhas been £39,515 7s Bd, and £5240 (of which £10 remains unclaimed) has been declared in dividends. Of these totals 518oz Odwt 3gr value £1996 Is, was won last year at a cost of '£2581 8s 9d. At the end of the yeaT the ccrajpasy had £7 8s 7d at the bank on current account, and £400 on fixed deposit. The liatrilrties totalled £425. The 10,500 shares which nave been allotted out of a nominal capital of 11,060 shares of £1 each are held by 119 share- I (holders^ an increase of 75 over the number at registration. Two thousand paid-up shares ihave been distributed amongst shareholders .without reiurnv and 350 have bsen forfeited, jof which 300 have been sold for £152 10s. The capital actually paid in. caah stands at £8366 fo. At the end of lest year the Ladyamith Gold Dredging Company "had £320 Is id at the ] 'bank and £200 on fixed deposit, as against {liabilities to the amount of £140. and contingent liabilities to the amount of £164. The company -was registered on April 19. 1900, ! and since then has won 40870z ldwt 15gr ef : gold, value £15,741 10s 9d, has spent £15.363 02b sd, and bos paid back £4466 5e on a. nominal capital of £15.000. Only 14.500 shares { t»re been allotted. Scrip to- the paid-up value of '£3fNQ>haa been distributed amongst the shaxefaoldars, and 4575 ahwea have been forfeited. The subscribed capital stands at £12.000, and jibe paid-up capital at £3964 Is 9d, 10s per *har» having been called up. There are 78 aharebol3ers, as asaiost 150 at reeigtratioi:.

' Last year the company's dredge, which gives employment to nine men, won 7340z 15dwt 3gr, value £3066 5s 9d, at a, coat of £2186 8s [sd,