106

C.—3

Table B. — Dredges working during the Year 1905 under Private Ownership.

Of these privately owned dredges very scanty information of an authoritative nature is obtainable ; they are individually dealt with along with the dredges owned by companies.

Table C. — Companies which have paid Dividends during 1905, showing Amount paid during Year, and also Total since Date of Formation.

In compiling Table C no notice has been taken of privately owned dredges, since the information required can be obtained only in isolated instances and is worthless in consequence of its meagreness, hence its unreliability. It will be noted that of the total amount distributed in dividends during 1905 more than one-half was declared by the Pactolus Gold-dredging Company, and in addition to £1 13s. 6d. returned to the shareholders in that company on fifteen-shilling shares a second dredge was constructed and paid for out of gold won by the firrt dredge, which if converted into dividends would have represented about 12s. per share more.

Table D. — The Number of Dredges working, the Yield and its Value, the Total Working-cost and the Average Working-cost per Dredge, and the Total Dividends paid during each Year from 1901 to 1905 inclusive: —

The apparent smallness of the average working-cost of dredges in 1901 and 1903 is partly accounted for by the fact that a number commenced work only towards the end of those years. The accuracy also is slightly affected by the total working-cost for each year being arrived at by finding the difference between the value of the yield and-the dividend declared in the same year, which, although a fairly accurate estimate when the results of a number of years are added together, may, on a single year prove fallacious, since a number of dividends were no doubt declared early in the year on the yields of the

Owners. Location of Dredge. Remarks. Hansen and Kayes Gerald Perotti and Others ... Flaherty Bros. Allison and Others Coghlan and Others George Hill and Others Three-channel Flat South Beach Moonlight Creek Shellback Creek Capleston Mosquito Creek, Waipuna Late Premier. Late Stony and Mosquito Leans. Late Moonlight Company. Late Shellback Company. Late Boatman's Creek Company. Late Mosquito Creek Company. Late Mosquito No. 2 Company. Late Buller Junction Company. Kingswell and Others Eocklands

Name of Company. Number of Amount Paid up on each Share. Dividends, 1905. Dividends paid since Date of Commencement. Dividends per Share, 1905. Total Dividends per Share. Shares. No Town (two dredges) New Feddersen Pactolus (two dredges) Callaghan's Creek Blackwater River Jamieson's Reward ... New Trafalgar Bignell's No Town Slab Hut Creek 12,000 4,625 9,375 12,500 9,475 9,990 6,500 9,000 4,700 £ s. d. 10 0 0 10 0 0 15 0 0 11 6 10 0 10 0 10 0 10 0 0 18 0 £ ' r. d. 3,000 0 0 462 10 0 15,625 0 0 2,187 10 0 3,079 7 6 3,243 10 0 325 0 0 1,350 0 0 470 0 0 £ s. d. 13,800 0 0 1,2.1 17 6 20,937 10 0 5,312 10 0 6,395 12 6 4,740 10 0 325 0 0 2,250 0 0 470 0 0 £ 0 0 1 0 0 0 0 0 0 s. 5 2 5 3 6 6 1 1 2 a. 0 0 0 6 6 6 0 6 0 £ s. d. 13 0 0 5 6 1 13 6 0 8 6 0 13 6 0 9 6 0 10 0 2 6 0 2 0 Total dividends 29,742 17 6 55,503 0 0

For Year ending 31at December. Number i of Dredges working. Gold won by Dredges Value of Gold won. Total Average Dividends paid. Approximate Working-cost Working-cost. per Dredge. 1901 1902 1903 1904 1905 31 31 34 26 20 Oz. dwt. gr. 12,938 6 14 i 23,579 0 0 i 27,426 0 OK 23,557 0 0 i 22,596 8 10 i £ 51,105 93,137 108,332 93,050 90,380 £ 9. 51,105 0 93,137 0 .08,332 0 93,050 0 90,380 0 p. d. 0 0| 0 0 0 0 0 0 0 0 £ s. S. £ s. d.j £ s. d. 4,522 10 0 46,582 0 0J 1,502 0 0 16,739 5 0 80,600 0 0 2,600 0 0 26,758 5 0 81,574 0 0 2,399 0 0 13,885 15 0 79,164 0 0 3,044 0 0 29,742 17 6 60,638 0 0 3,031 0 0 Total ... 110,096 15 0 436,004 0 0 91,648 12 6348,558 0 0 91,648 12 6