C—2

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The value of gold produced during 1923 was greater by £162,182 than during 1922. This amount is made up of an increase of £170,504 from quartz-mining, an increase of £764 from dredging, and a decrease of £9,086 from alluvial mining. The greater part of the increase in the value of gold got from quartz-mining was from the mines in the Waihi Borough, where the value of the bullion produced during 1923 amounted to £427,622, against £269,238 for 1922, an increase of £158,384.

(1.) Quartz-mining.

The average value per ton of ore treated during 1923 amounted to £1 16s. Id., as compared with £1 12s. 9d. during 1922. (2.) Dredge Mining. The following is a statement showing the capacity, production, and profits of bucket golddredges during 1923. (Note. —The profits made by privately owned dredges are not obtainable for publication.)

(3.) Alluvial Mining. The following is a statement showing the value of production and dividends declared from alluvial gold-mines during 1923 : —

Inspection District. Statute Tons of Ore treated. 1928. 1922. Value of Bullion. Dividends paid (by Registered Companies only). 1922. 1922. 1923. 1922. 1923. Northern Yost Coast Imithern 288,030 220,263 47,872 48,184 1,935 162 220,263 48,184 162 £ 508,545 99,143 2,305 £ 338,465 100,682 342 £ 24,795 £ 49,591 2,400 Totals .. 337,843 268,609 337,843 268,609 609,993 439,489 24,795 51,991

Name of Dredge. Locality. iO U3 M fl -sg, Qa (§•§ ~_S O rH 01 •*» S ' F-H rf -H> SfS« Sr33 Q-O 01 fQ 01 fl s d oi ja .2 --J OhfSn 933 _d ig CD OJ O'O «j a i ® --H -r-H ■ ri Cl) m d g p, a> O « O M T) 2p £S m3 I a «n |s 9 9 OS TS h-i 01 o a . 'oJCO 01-PIM SfQOS Divideni Is declared. During 1923. Total. Otago and Southland. Rise and Shine No. 1 Lady Run furl y .. BarnBclough No. 3 Sevis Crossing . . klcGeorge's Freehold No. 3 VlcGoorge's Freehold No. 2 Clutha River Kawarau River Clutha River Nevis River Waikaka Valley si io Ft. 20 S 40 £ 1,703 211 1,499 2,156 1,538 2,282 £ £ 53,700 7 12 3i 10 6i 9 . 150 E 50 12 S 10 20 S 35 30,250* West Coast. Rimu Awatuna Beach 10 19 8 15 525 E 58 20 S 12 56,190 2,424 3,283 limu .. iwatuna Totals, 1923 Totals, 1922 68,003 67,239 3,283 Unknown Unknown * Includes Earnscleugl h No. 5 (see pr :evious Statemi >nt).

Name of Company. Estimated Value of Gold produced. Divider During 1923. Dividends declared. Total to End of 1923. £ £ 1,191 2,639 4,681 1,225 904 2,393 1,246 2,686 1,354 4,501 233 4,593 1,315 1,254 1,230 27,729 £ £ 1,050 15,615 1,000 Vinegar Hill Sluicing Company . . Gabriel's Gully Sluicing Company Lawrence Sluicing Company W- R- Smith Golden Crescent Sluicing Company Sailor's Gully Sluicing Company. . Havelock Sluicing Company Graham and Party A. Mutch Nokomai Hydraulic Sluicing Company Ourawera Gold-mining Company Round Hill Gold-mining Company Havill Bros. Hohonu Gold Sluicing Company . . Stubbs and Steel ... All other claims 1,191 2,639 4,681 1,225 904 2,393 1,246 2,686 1 l )KA 750 1,400 12,862 5,840 11,400 1,400 1,354 54,684 15,231 1.2,287 4,501 233 iio 4,593 1,315 1,254 1,230 27,729 Totals 59,174 2,266 Unknown.