KUAOTUNU.

New Zealand Graphic, Volume XV, Issue XX, 16 November 1895, Page 621

KUAOTUNU.

KAIFAI VERMONT. The prospects of dividends being shortly paid by this mine are improving, as the directors this week declared the final dividend of sixpence per share to holders of B shares. Thia clears up the liability incurred some time ago in order to procure and erect a suitable ctu-hing plant. The money was obtained upon B shares, which were taken up in Sydney. The pay inent of this dividend will put A. and B. shares on an equal footing, and the next crushing will go towards forming a fund

for the payment of a dividend. The fact that sufficient gold has been won from the mine this year to pay working expenses and wipe off the cost of the crushing plant, should be a guarantee of regular dividends being paid next year. WAITAIA. The Kuaotunu district has generally been considered the section of our goldfields where low grade ore existed, and that specimen stone need hardly be looked for. This idea must, however, bo dispelled from the minds of all who looked at the 17A pounds of picked stone which were obtained this week from the Waitaia mine. The stone was really firstclass, showing broad bands of gold running right through it. The discovery is of importance, as the stone is a beautiful blue rock, and being taken at a depth of 200 feet from a 4 foot reef, goes to prove the richness of the Waitaia range at the lower levels. On this property there is also a large white reef, and at a point 150 feet away from where the present specimens were got, stone showing dabs of gold was also obtained, thus proving the length of the run of gold in that direction.