DREDGING.

Tuapeka Times, Volume XXXV, Issue 4924, 11 January 1902, Page 3

DREDGING.

SALES ON 'CHANGE.

Great Woodstook, 5/ Royal Maori, 24/6, 24/6, 24/6 - Bendigo, 15/9, 16/ Eleotrio Extended, 10/ First Chance, 11/6, 12/, 12( l&olden River, 8/ (Great Central, ,8/, 8/ Hokitika, River,' 16/, 16/ Paotolus, 34/ THIS WEEK'S RETURNS. Ozdwt gr ... ... ... 35 8 0 Central Mataura No. 2 ... 29 13 6 . Tmipete ... ' 23 W 0 Central Charlton ... ... 23 8-- 0 "^ Charlton Creek J7 8 0 The Tuapeka Dredge obtained 230z 12dwt for 216 hours' dredging. The Golden Cresoent Sluicing Co. declared % dividend oils per share on Tuesday eveniDglafit. *- - .The Champion Gold Mining Co. obtained %> JBog ldwt'of gold for the past week's work. . The secretary of the Nokomai Hydraulic Sluicing Co, reports a return of 180oz 2dwt 2gr of gold for the month of December, 1901. The Upper Magnetic Dredging Co., which ia to work the Annie Que,en claim on tribute, is to receive two-thirds of the gold after expenses are deducted, and the Annie Queer* Co. is to bear the expenses necessary in shifting the dredge. The Upper Magnetic Co. • have to pay off debentures to the extent of £1,200 bearing interest at the rate of 100 per cent. , , . * James, Howlison, a well-known dredging man in Otago, has been appointed general ;■ superintendent for ths West African Dredg- : tag Syndicate, ft % salary of £1,500 per year. vTb» property of the Syndicate includes 150 miles of river as a claim, arid over this Mr Howlison will have jurisdiction. The total value of the bullion obtained from the Waihi Mine duriDg the current year WM£42s,ooo,brlDging the total to £1,945,130, T flP* of which upwards of one-third (£754,379) bas been disbursed to shareholders. * This is ; » great reoord, considering that the value of - the bullion obtained in the year 1890 was only £21,113. »nd in 1891 £23,935. In fact, the - 'record may be said to date from the year 1890, as no returna are available previous to that period. The Golden Ban dredge washed down on Wednesday for 50oz for 109 boors' work. The Golden Reward dredge, Beaumont, atarted work on Wednesday. . * From 13 applicants Mr Alexander M'Corkindale, Manuka Creek, was yesterday appointed caretaker for the Champion Co.'s water-rmoe at Beaumont. The Roxburgh Amalgamated Sluicing Co. b»,?e declared a dividend of 6d per share. The Wetherstones correspondent of the •'Daily Times' 1 says it }s reported that the O.P.Q. claim, Wttyori is likely to resume operation! some time in Much. , The Molyneux River ia reported ta falling ' fast, and expectations are going up, The Main 'Lead Hercules dredge ia expected fctfUrt work next week. i