MINING.

Star (Christchurch), Issue 7154, 19 July 1901, Page 3

MINING.

WEST COAST -NOTES. ....... " [From Oub Cobsesfonbent.] GREYMOUTH, Jifiy 18. Sunken timber is causing a little trouble to Erickeon's -Reward dredge.

The .Notown pontoons were successfully launched yesterday. .:■.,'-.•'

The A&auia dredge is now on the apposite side of the river to where it commenced. The wash is still shallow, and is 15ft deep. The directors of the Reefton. United Company have selected a spot for another bore, and' also a site on which to build their pontoons. ... •.

The Grey Eiyer dredge had a breakdown last night.. .Repairs are expected to be~ effected fey io-irighVin which, case ijhe dredge will start dredging ' to-morrow morning. r " The Caledonia pontoons were launched yesterday. They are 93ft long, 28ft 9in wide, and 6ft deep. The fodder of the dredge .is; 40ft long, arid the capacity of the .buckets is ..four cubio feet. ■ '

The Prince of Wales pontoons will be finished next week. The boiler' and engin^ are now on the claim.

Nelson Creek should start in about & week. The 'Maori Queen should show a slight im Iprovement. ■'•;•' The Ford's Creek ladder has been lengthened by 3ft. Last week the dredge only worked on the bottom for a few 'hours. • .;

iAi a meeting of local shareholders in. the Teremak&u Company .to oonsider the financial 'position of the company, resolutions' were passed do the effect that the directors should obtain the payment of all calls outstanding at once, failing payment the shares to be forfeited; also that the directors issue 3000 £1 debentures, carrying 25 per cent interest, <t-he debentures to r be offered to shareholders pro Tata

Perry's Reward" » running smoothly at present. Bottom was touched at 18ft. "Only a email xeturn is expected on Saturday.

THE STAMP ACT. [Per Priss Association.]

DUNEDIN, July 18. The Chairman of the Dunedin Stock Exchange explains with' reference to the proposed amendment <& the .Stamp, Act thai, as the outcome of prosecutions two years ago of persons who signed blank .transfers, tie Exchange represented to Sir Joseph Ward the desirability of amending the law -to .provide for ibe issue of stamped contract' notes, as in Lpndani and Melbourne. Sir Jisepn Ward agreed' to ■take the' matter up, but nothing furffier was heard of it until lately, when the Exchange was requested, 'by tfhe Stamp" Department to (have a Bill framed. A draft Bilb was pared by the Exchange's solicitors, but. w»s set aside by the Government, and a fresh Bill waß drafted by the Crown. Solicitor in Dunedan. .

DtT-NEDIN STOCK EXCHANGE* [Pet Press Association.] ' ,_,. .-. .. „ „:_ r Xm-NEtDKT, July-39, ■ . ' Sal^s on tie .Duneditt. Siocfc. /Exchangee-*-Alpiife No. 2 48s And 48s J6d, Boundary. Creek 16s; 16s, 163 6d, 16s 6& and' 1«3 M, JSpusteenmile'Beach 40s 6d, 'Qolden River,- 6a 43 'and £a 4Jd; Reeves' Proprietary-" 138-6 d, 14s "and .148, River. Molyneux, 245/ 24s and 23s "9d, IVin,oent Extended;, thiee parcel? *V2os. -;■ .-.:.