WAIHI MINERS UNION. (From Our Own Correspondent)

Otago Witness, Issue 2812, 5 February 1908, Page 28

WAIHI MINERS UNION. (From Our Own Correspondent)

AUCKLAND, January 80. The Waihi Miners' Union has paeaed al resolution that this union respectfully wago upon -the Hon. the Minister for Mines not to reduce the service time in mine 3of candidates for mine managers' certificates, aa urged by Professors Park and Jarmß, such reduction in favour of University School ot Mines graduates or any others being con~ sidered by this union to be detrimental to the safely of the men employed in mines. _ The Arbitration Court award and. the interpretation set upon several clauses, which have not been hailed with a*tisfaotion by the union for some time, were -discussed at rema length, and it >was decided tp hora a special meeting on Fetauary 8 to consider lha question of cancelling jegastration as an yi« du3trial union. „

PHCENIX WATER RACE COMPANY, The fortieth annual meeting of shareholder* in the Phoenix Water Race Company (Ltd.) was held xt the office of the company on the 29th ult. There was a fair attendance of shareholders. Mr Spencer Brent occupied *tha chair. In moving the adoption of the balance) sheet, the Chairman stated that there werp period* in -the history of a company when it wTs both interesting ana fitting to review tha past history and operations of such oomjpany. Our company has now been lnMßt" standing the fact thai the company h«a pa«Bedihrough several periods of anxiety, tii« business ofle company taken on the whole, has been most successful. The capital of th«t %£££ is divided into 1000 eh*T« of 80a Souring the past 40 years the sumrf £Sfm has been paid m dividend^ witudß averages 4s per share per annum The total !£penditure *> r the mma P 6 ™ 3 1 h^ c h t3i £1046 (nearly), or an average of £26 peri annum. This amount covers secretary's! salary, airectoiu' and audxt fees, Wl expenses, and all other costs. The cbairmaj* further mentioned that the water rights anx? privileges were now leased to the &abnel a

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Oully Gold Mining Company (Ltd.) for a period of 10 years from Ajpril, 1907, and if everything goes well shareholders may reasonably expect dividends at the rate of at least Ss per shiare per annum. Th* following gentlemen were elected directors for the ensuing year: — Messrs D. J&rent, Spencer Brent, William Goldsmith, mud A. Hill Jack. Mr D. Crawford was reelected auditor. X is worthy of note that three of the sharetolders present at the meeting have held their shares since the inception of the company, whilst none of those present had held their shares for a leas period than 35 years. &£r A. Hill Jack, ono of the newly appointed directors, was the first chairman of directors of the company, and presided a.t the first general meeting of the company, held at the Ex&b&nge Chambers, Princes street, on the 19th November, 1867. DREDGING RETURNS. Oz. dwt. gr. Mystery Flat, Waikaia, 173hrs . . 95 2 0 Rasing Sun, Cromwell, ISOhrs.. 80 0 0 Waikaia, Waikaia, 131hrs .. ~ 48 7 0 Maaterton, Waikaia, 138hrs . 35 1 0 Hessey's, Waikaia, 128hrs ... 34 0 0 iTew Roxburgh Jubilee, Roxburgh, week 33 18 0 Rise and Shine No. 1, Clutha River. 138hrs 32 0 0 Golden Treasure, Miller's Flat, week .. 3L, 0 0 tyaikika Queen, Waikaka, ' 116hrs 31 2 0 I/ady Roxburgh. Roxburgh, wk 31 0 0 Waikaka United No. 1, Waikaka, 127hrs 30 13 0 Otago. No. 1, Miller's ±"iat, wk 26 0 0 Punt, Clutha River, 131hrs .. 23 3 0 Cbarlton Creek, Gore, week . 22 5 0 Riley's Revival, Cromwell, 121hrs 21 0 0 Chicago, Alexandra, 126hrs .. 20 2 3 Waikaka United No. 2, Waikaka, 125hrs 17 12 0 iMuddy Creek, Waikaia, I2lhrs . . 14 3 0 Enterprise, Alexandra, wk .. 13 0 0 Otsgo No, 2, Island Block, 190hrs 13 0 0 Molyneux Hydraulic, Alexandra, week 11 10 0 Switzers, Waikaia, 120hrs .... 10 10 0 Gold King, Roxburgh 10 0 0 Golden Gate, Miller's Flat, 5 days 7 12 0 Total 683 6 3 The West Coast. I»actohis No. 2, 126hrs ... 85 14 0 Pactoluo No- 1, 132hrs .. 54 6 0 Blackwater River, llohrs ... 15 0 0 Total , .. .. 154 10 0 DUNEDIN STOCK EXCHANGE. Rising Suns showed considerable advance «ra the 3rd in cod sequence of the large return obtained, and a parcel of the stock changed Bauds at 23s 6d. Waihis afe a little easier, a parcel being sold on the 3rd at J>B 15s. Febmary 3.— Waihi, £8 -15s; Rising Sun, £1 3s 6d. 6 The following are Monday's latest quotations, subject to ihe usual brokerage: — ■ Dbedgbjg Stocks. Alexandra Eurek* — Sellers 7s. Alexandra Lead I—Buyers1 — Buyers 9d. Bignell's Nb Town— Sellers 4s. Cfentwl Ch*rlton— Buyers ss. sellers 7s 6d. .JBtoctric-^Bttyerß 12s 6d, sellers 14s 6d. Enterprise— Buyers 89 7§d. sellers 4s 6d. Sirst Chance — Sellers 3s 6d. Golden Bed— Buyers 8s 6d. Heseey's — Buyers ss, sellers 6s 6d. Koputai — Sellers £2 10b. Lady Roxburgh (contrib.) — Buyers 4s, sellers 6s 6d. Manuherikia — Sellers 17s. Molyneux Hydraulic — Buyers 2s, sellers 2s 6d. Mystery Flat— Sellers £2 11s 6d. New Roxburgh Jubilee (paid)— Sellers 9s 6d. JNew Trafalgar— Sellers 19s. No Town Creek— Buyers, Bs. Oliig— Sellers ss. Paotolus — Buyers £1 9s, sellers £1 11s. Rise and Shine — Buyers £1 4s, sellers £1 6s. Rising Svm — Buyers £1 3s 6d, sellers £1 4s. Sailor's Bend— Buyers 13s 6d, sellers 15s. Mining Stocks. Nokomai Hydraulic — Buyers £1 2s, sellers £1 5s 6d. Talisman Consolidated — Buyers £2 12s 3d, sellers £2 13s. Tasmanian Copper — Sellers 7s Gd. ' Boxburgh Amalgamated — Buyers 7s 3d. Waihi— Buyers £8 12s 6d. sellers £8 16s 6d. Big River — Sellers 13s 6d. Mount Lyell— Buyers £1 10s. January 28. — Electric, 13s 6d ; Pactolus, 30s ; National Insurance, 28s. January 30.— Golden Bed, 9s; Masterton. 40s f Molyneux Kohinoor, Is 3d; Pacto'us (two parcels), 30s 6d; Rise and Shine, 4s; Westport Coal, £7 17s 6a. January 3-1. — Alexandra Eureka, 6s; Rising gun. 20s 6d; N.Z. Portland Cement, 32e 6d. February-1. — Rise and Shine, 255. LONDON EXCHANGE. — LONDON, February 2. Waihi shares : Buyers, £8' 16s ; selleis. £8 18s 9d. Junctions: Buyers, 20s; sellers, 22sWELLINGTON STOCK EXCHANGE. (Fbom Odh Own Corbespondent.) WELLINGTON, February 3. Holders of Waihi shares are now asking £S, but the highest offers on 'Change to-day were £8 15s. Talismans are on offer >it £2 i3a Little or no share business -was done here to-day.