MINING.

Star (Christchurch), Issue 7606, 16 January 1903, Page 3

MINING.

MINING NOTES,

At the firs!/ statu "aiy ruefetiiig ©i the Golden Bench Hydraulic, Ekr&liag flhd .. Dredging Company, held in Dutoedih on Wed*niE»day evcmmg, S-traftrs j*. A. i-h-Hpn-a-n, J. jSalh-on, W. & lianej J. P. Ltoe ond G. Esther were elected dire-tor? <afc a les -of &%& The Cromiv-li corro-j-oiide'iit of the. " titagd 'Daily Tinies" i-oported on W-dnc-day that the waatiidt was warm Atid fl-fiiD-,' with -vety appeartliice of being settled. The i-ivE.r ite-as iijp n*ii.'*d!u_-day, but w-p.s *tlic-n f-allL-ng steadily. Tho Half-way Ilcuso di-ilgo .had b-im pulled up Safely over the bar, 'imcl 'the 'Riley's Beach dire-dp. -waa being moved ovee & nuity iKir --.liaS-*, by a heavy thurid.-wstoa-iUi '.last yeai. Tho uftper portib-i of "Olio Aran© Queen otaiiii, bei'-evea to 'be v_ry rich, ihad been bought by the Meg and Annie Coaspa-ny. ' Tihu -annua;! report '.<6i the Central Mataura Geld-d^-d&ihg Cpmp_.ny fbr the yctar ©nddng N&Vt. 30, 1902j t'ho second year of the -rtoinptwi^'s existence, -state, 'that the year's work waß not feo successful nvs Wa,-? i-vnticipa;t6d:\Tihe tightaeiSs '<o_ the ground worked w*s rosponfliblp for ma_ny breakages, necessitating _& heavy outlay for repairs, and flood- in the vo-ve? paiised frexiUeht stoppUges. During the year the dredge won Si-oz of geld, vialued -at jE29pl 3.23 3d, told the expenditure- on Waste,oisali clattige and', repair* wte £3086,86 ftd. G-e.ie_.al .eapenses, interest, <reilt- ana tftses cOj-fc.tfae coMpany j£___ 6s 9d, and %-re wbs k, deficit on the yonr'.? i?.ccpUnts ot £65 12a-. -id. The increase to th<s debit of tho -profit -and teas aocoUnt, in iU_di*tfi6n to this surfi, we& _"ll_7 12a; the -an-cur* . written off on aocotii-b of. tihb losa/Ol tiba No. 1 di-ed^s* (by :_i_tk_iig tod of m* -hrifchy hy fire. The sum of _*ii_o had been .paid ofl ihe mortgage isocount, lat-Vintt dt. at _ili6-. The dr-dge'Daa-tc-r had repcited "that the ptf-sr|>edt_j ioi the nerw year -were v&ry sattisTh*e direotors of th^'Ctotrftl'M-at-i.tti-a G-fl-H---dredjrLi'g Company haVe. ail decided to retire, o_ the numerous -pedal inoetih^k htid _ h.et year niade too g*i-*oa;t ia. demaiia ort vheLi tithe. i,t- -■*>' ■■■•■■■ -'i-'-" :j -'> , i-:'"'r'-