WAIKAKA UNITED GOLD DREDGING COMPANY.

Otago Witness, Issue 2818, 18 March 1908, Page 34

WAIKAKA UNITED GOLD DREDGING COMPANY.

The annual meeting of the Waikaka United Gold Dredging Company was held yesterday afternoon, when shareholders representing about half the capital were present. Mr T. M'Gregor occupied the chair. The annual report and balance sheet contained the following clauses: — " Your directors have pleasure in presenting to you for your perusal the annual statement of accounts, duly audited, and from it you will see that operations have been carried on very successfully by both of the company's dredges, and the sum of £7560, or 13s 6d per share, Has been distributed, in dividends to shareholders during the year. Our No. 1 dredge during the year worked 50 weeks, and the average time worked was 123 hours per week, and won gold to the value of £5715 13s lOd. Our No. 2 dredge also made good time, and worked 50 weeks, the average time being 124 hours per week, and won gold to the value of £6335 14s 7d. The total dividends paid to date of the balance sheet amount to 47s 6d per share, or a total of £26,600, and since the books closed a further dividend of Is per share has been paid, making £27,160 returned to shareholders.

Tonr 3frectors anticipate good results for the coming ypar, as both dredges are in excellent repair." The Chairman referred to the excellent re» suits achieved by the company in the pasfr. Besides paying the total sum of £27.160 (£2 R<» 6d tier share) in dividends, they had builfi the No. 2 dredge and purchased dredging i.g« it « oi a raiw ,l jt'l'2oo out of the profits. A large area of ground yet remained to b« worked, from which good results were anticipated. Both dredges were in excellent order, and a large amount of winter coal was being stacked. He had pleasure in moving the adoption of the report and balance sheet. This was seconded by Mr C M'George, and! carried. The retiring directors (Messrs J. C*. M'Geo-rge and John Turnbull) were re-elected! and Mr George Blyth was reappointedi auditor at the usual remuneration. DUNEDIN STOCK EXCHANGE. There were no sales transacted on 'Change on the 16th. The following are latest quotations, subject to the usual brokerage : — Dredgimo Stocks. Alexandra Eureka (ex div.) — Buyers 3s, atU lers ss. Chicago — Buyers 6s 6d, sellers 8s 9d. Electric— Buyers 6s 6d, sellers 10s. Enterprise — 'Sellers 5s 3d. Gofden Bed — Buyers 14s, sellers 15s 9c!. Golden Treasure (ex div.) — Buyers 41s. Hessey' s — Buyers 3s, sellers 4s 9d. Lady Roxburgh — Buyers 10s 6d. Ladysmith — Sellers Is p. Koputai — Buyers 4s 9d. Manuherikia— Sellers 17s. Molyneux Kohinoor — Buyers 3s 3d, sellari 4s. New First Chajioe— Buyers 3s 6d. New Roxburgh Jubilee^ — Sellers 8s 6d. New Trafalgar — Sellers 18s. Olrig — Buyers Is 9d, sellers 3s 6d. Pactolus— 'Buyers 24s 6d, sellers 25s 6d. Rise and Shine — Buyers 24s 6d. Rising Surf — Buyers 245. Mining Stocks. Talisman Consolidated — Sellers £2 12s 6cl. Talisman CopjeT — Sellers 7s. "Waihi — Sellers £9 10s. n. Waihi Grand Junction — Buyers £1 0s 6d, sellers £1 2s 6d. March 10.— Lady Roxburgh (contrib.), 8s 63; Standard Insurance, 21s 9d. March 11. — Talisman Consolidated, £1 12s 9d. March 13.— Chicago, 7s 6d; Molyneux Kohinoor, 2s 6d. March 13.— Golden Bed, 14a 9d, 15s; Molyneux Kohinoor, 4s; Muddy Creek, £1. March 14.— Golden Bed, 15s; Molyneujj Kohinoor, 4s 3d. WELLINGTON STOCK EXCHANGE. (From Our Own Correspondent.) WELLINGTON, March 16. On the Stock Exchange to-day Waihis soUt at £9 5s 6d.