COMMERCIAL
MOUNT MORGAN’S CAPITAL
INCREASE SANCTIONED
At an extraordinary meeting of shareholders in Mount Morgan, Ltd., Inst week, unanimous assent was given to a resolution for tho increase of tho company's capital from £200,000, divided into 800,000 shares of os each, to £250,000 divided into 1,000,000 shares of 5s each. The increase is to |)b accomplished by the creation of 200,000 shares of 5s each.
GOLD MINING RETURNS.
Big River Gold Mines Ltd; has issued the following report for November and December: —Battery department: 325 tons of ore crushed for 250 oz. melted gold. Cyanide department : 300 tons sands treated for L’tioz. bullion. Total estamatcci* value: £1025. In addition, 5 tons 17cwt. 841 b. of concentrates was saved valued at £lO5. In estimating the above values, gold has been taken at 140 s per line ounce. Crushing has -been suspended for Christmas and New. Year holidays. The water supplies for driving battery arc exhausted through the phenomenal spell of dry weather. The Bell-Hooper Cromwell Gold Company, Ltd,, reports that the return for the week ended December 21 was lOoz. ?dwt.'2ogr. The Upper ’Shotover return for the week ended December 21 was 20nz.
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Bibliographic details
Poverty Bay Herald, Volume LXI, Issue 18589, 27 December 1934, Page 9
Word Count
192COMMERCIAL Poverty Bay Herald, Volume LXI, Issue 18589, 27 December 1934, Page 9
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