CHINAMAN'S LUCK

Taranaki Daily News, Volume LIII, Issue 227, 7 January 1911, Page 8

CHINAMAN'S LUCK

WOAII lIAWP MIXE RETURNS. £20,0.00 IX 18 MONTHS. '"> u man's luck used to be proverbial. 3: ling must liave changed it in Balsays a message from Melbourne). .mi -J years the Woah llawp Canton Gold Mining Co. was the sole property of Chinese, and the annual meetings of the company were a cause of great interest and amusement, being conducted with music and prayer, the eating of pigs roasted whole, and the burning of yellow paper to scare away Kan Cooey (the devil). But the Woah llawp fell upon evil times. Its stone became poorer, and finally the reef pinched out. The mine was abandoned by the Chinese, and about live years ago was taken up by a body of adventurous Australians. Fortune changed. The reef was picked up, and every blow of the pick has since shown increasing richness. During the past half-year the company has expended C3OOO to complete the purchase of a neighboring lease. Three dividends of Is were disbursed, and the reserve account increased to £.IOOO. The terms closes with a credit balance of £IO2O to working account, and there is in addition about £3OO worth of .smelted gold on hand. The output for the half-year was 2107 y 4 oz. from 2207 tons, and pyrites has yet to be treated. On the returns for the last 18 months a net profit of £20,000 is disclosed, 8249et. of gold having been won from 0041 tons of ore. This company has realised a large sum from the nuggets obtained on the indicator reef. In October last year a' nuggets was found which produced I'/oOZ. smelted gold.