SOMETHING LIKE ECONOMY.

Thames Advertiser, Volume XXVII, Issue 8200, 13 August 1895, Page 2

SOMETHING LIKE ECONOMY.

The South German Eeef Compauy," afc Maldon (Vic), sets an example c£ economical management which might be copied extensively with advantage. The mine is a solid dividend, payer, no less than £12,600 having been distributed last year amongst the share-holders. And all this has been done at an expense, as regards management,of £1491612 d! Thero are offices in Melbourne from which a dividend has never yet come out that absorb more than this sum'in directors' fees" and sundries." But the Maldon Board have drawn only £dO, while rent entails the microscopic outlay of £1 6s. These figures cannot be explained away by alleging that the South German is a small affair. The company has crushed during the half-year, 6,361 tons for 5,7610zs 3dwt of gold; it has erected ehlorination works at a heavy cost) and it is now reconstructing its surface works in order to lessen the ex-, pense of fuel. All these imply a heavy sacrifice of time and energy on tho part of the management, for which, according to Melbourne prac« fcice, £60 is totally insufficient. Ihe South German winds up the half-year with a credit balance of nearly £3,000, so that although a stoppage of operations to renovate the works is necessary, there will be no cessation of dividends, —Minim] Standard,