OURAWERA GOLD MINING COMPANY.

Otago Witness, Issue 2861, 13 January 1909, Page 28

OURAWERA GOLD MINING COMPANY.

The following half-yearly report will be presented by the directors at the coining meeting of shareholders in the Ourawera Gold Mining Company : — "Our anticipations of six months ago have not been realised. The ground worked has been irregular in depth, and generally much poorer than was expected. Aa the balance sheet shows, the gold won has just about cleared expenses. The elevator has been shifted to Italian Gully, which is supposed to be the richest part of Round Hill. Whether it is so should be proved very soon. An aerial tram has been erected, which, worked by the hydraulic winch. should effect considerable economy in the removal of stones and logs, as its opei-ation is quicker than that of the sledgp. You have to elect for the ensuing year an auditor in place of Mr C. W. Brown, and a director in place of Mr R. Erskine, who retire in terms of the company's rules, but are eligible for re-election." The balance sheet for the half-year ending December 31 shows that £957 9s worth of gold has been won, as against working expenses incurred to the amount of £889 17s.