MINING SPECULATIONS.

Colonist, Volume XVI, Issue 1655, 29 July 1873, Page 5 (Supplement)

MINING SPECULATIONS.

The Nelson Provincial Government Gazette of July 14th, gives the half-yearly statements for June this year, of twenty-two mining companies that are or have been carrying on operations at the Lyell and Inangahua districts, in this Province, from which we extract the following:—.

Thus the excess of calls over the dividends has been £33,869! The same stale of mining affairs exists in the North, as will be seen by the following remarks of the Southern Gross of July 12th : —" In the Provincial Government Gazette issued yesterday, the statement ot the affairs, aa required by law, of sixteen goldmining companies in the Thames and Coromandel districts are published for general information. The aggregate nominal capital of those sixteen goldmining companies is £230,800. The greater number of the companies referred to have been in operation for several years. They were all being worked, save one, when the returns were sent in. Only four of the sixteen companies have declared dividends, amd these aggregate only £8,576 15s. Surely the establishment of ordinary manufacturing industries would give better returns for the capital employed, and would* provide an equally abundant supply of labor for our working classes."

£ JB £ -*■-- Inderson's Creek ... 38,000 8401 8424 475 Golden Lodge ... 18,000 81 200 none * Vulcan 16,000 268 283 none Wealth of Nations ... 32,500 18,521 2275 none 16,000 671 733 none Golden Fleece ... 24,000 15.996 1100 2600 *BandofHope ... 30,000 '4723 5900 none of Lancaster... 13,200 4997 247 none Jnited Baud of Hope ' 24 000 13,230 1400 none Ijar... 50,080 42.5fi8 2504 2504 Energetic ; 24,000 5214 5250 none Snterpriso 10,000 750 875 none international ... 12,000 218 332 none Caledonian 15,000 1259 1389 none Golden Hill ... 21,000 2333 2362 none :n?icible 21,020 1150 1250 300 Buller ... 12,000 1225 25 none jyell Creek 15,000 5083 83 none 3reak O'Day ... 20,000 2083 83 none Driental 15,030 5083 83 none tforth British ... 10,000 5659 724 none Xainy Creek 30,000 18,231 250 none Fiotoria ... ... 30,000 21,976- 1976 none ♦Have ceased operations. The totals are as follows:— £ Aggregate Nominal Capital ... 480,780 „ Sub-Capital Paid-up... 184.803 „ Calls made 37,748 „ Dividends declared ... 5,879