West Coast Dredging.
Buller Junction directors hope to be able to pay anqther dividend before the New Year. The dredge is now operating onTL" good— -face '-of 26ft. Thej (directors are] duplicating important parts ,of tho machinery liable to breakage, They ( have acquired the freehold rights of the'adjoining river claim -and are developing a coal mine. '^, For the Wook ended November 9th 20 dredges gave a total return of 4950? ,sdwt, . or an average of 2£oz lOdwt 6gr. The previous week ,16 dredges- averaged 23 oz. Dunedm, November ?.Ol— At a meeting of the Grcenstort? Dredglnir Company it was decided 1o go into voluntary liquidation, tho liqwnat.or to transfer the assets to a new company undertaking the o?.lip«itions of thd present company. It was resolved that the capital ojftte new company be £9000, to ccjhsist of 3000 contributing and 6000 fully paid up shares. A proi osa! to move tht* registered office to Kumara was lost by 2924 votes to 2385.
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Bibliographic details
Taranaki Herald, Volume XLIX, Issue 11823, 21 November 1901, Page 2
Word Count
161West Coast Dredging. Taranaki Herald, Volume XLIX, Issue 11823, 21 November 1901, Page 2
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