MINING NEWS.

Alexandra Herald and Central Otago Gazette, Issue 358, 19 March 1903, Page 5

MINING NEWS.

Owing to the rains up country, the river has risen a gooJ deal duringtbe week, the height at the Alexandra bridge last eveuiug being i above «norml." At the Supreme Court, in Chambers, last Friday, the following business was dealt with: —ln the matter of the Companies Act, 1882, and the Sandy Point Gold Dredging Company.— Petition to remove liquidator.—Sir W. C. Macgregor (ins'ructed by Mr Adams) s*id: I am instructed on behalf of the petition rs to absolutely withdraw all charges of fraud and improper conduct on the part of the ijBWMN the other persons whom -ucb charges are made in the petitiou.— Mr Hosking: I appear for the liquidator, and I have no objection to the petition being withdrawn. Leave to withdraw granted; Mr Win. Woalhouse, formerly dredgemast r of the Long Valley dredge, has been appointed to a similar position on the New Bendigo dredge, for which Mr John Alexander has been appointed engineer. The directors have decided to shorten the ladder by 10ft, as they are of opinion that with the inserted portion it is not strong enough to carry its own weight, and its efficiency would be considerably impaired unless the company went to great expcise to strengthen it. The inserted portion, will however, be kept on board, and if it is found necessary to use it while the dredge is operating in the basin, it can be fitted up without much trouble. After the piece is taken off the ladder will still be 73ft in length, or sft longer than was the ladder on the old Bendigo Company's dredge after it had been extended, so that ft should be of ample length to work the chum to advantage. Judgment giv n at Wellington, on Thursdav, in an action brought by the Mapourika River Gold Dredging Oom-

pany ag inst three of the directors—: .Messrs Oram?, Tait, and Palmer—in which the claim was for calls, disclosed a curious position. The plaintiff was' non-suited on the ground that as the defendants as directors had not paid their calls they could not be sued as shareholders. The law provides that shareholders cannot be, sued unless directors' calls are paid. The Unity dredge has resumed work on the eastern side of the river, about ten chains above the lower boundary * of the company's claim. - The Chicago dredge, which has been stopped for the past six weeks undergoing an overhaul, will be ready to resume work by the end of the present week. :• - ; ? ' >.-

DIVIDENDS The following dividends were declared during the week:—■ Enterprise- Dredging Co., 2s 6d per share DREDGING RETURNS. !•-.-■ The following are the returns for < the week ending Saturday, March ll hj, 1903:

. oz dwtgrs . JEeviot. Roxburgh. I25hrs . -.;. 94 0 0 , Rise and Shine. Up'er Clutba . & 66 0 0 Matau, Clyde. 57hrs_... 61 11 0 Dunstan Lead. Alexandra ... 55 0 0 Enterprise No 2, Alexandra 49 3 0 Empire, Waipori (2 dredges) ... 47 7 o ! Earnscienjrta No2, Alexandra 98b 44 15 0 Cromwell No 2, Cromwell 43 0 0 Upper Waippri, Waipori. 139hr... 41 0 0 Electric No. 1, Cromwell 38 10 0 Enterprise No 1, Alexandra 37 6 5 Meg and Annie, Eawaran River 33 5 0 Waimumn Queen, Gore 31 7 0 Waikaka, Waikaka, 126hrs 30 17 0 Samsclengb No 1, Alexandra 96b 30 17 0 Perseverance No- 2, Alexandra... 30 8 0 Golden Gate. Millers Flat, 6djs 30 0 0 Waikaka Syndicate,.Waikaka ... 28 0 u 01rig.Manuherikia,126h' .„ 27 5 0 Alexandra Lead, Alexandra, 124b 27 0 0 Sneddon's Freehold. Waikaka. wk 26 0 0 . Muddy Creek, Waikaia. 120b ... 23 16 0 Happy Valley. Tuapeka. 6dys 21 14 0 Cairntrodlie. Poolbjarn, 136hrs 21 2 0 Island Block, Beaumont, 19 10 0 Golden Bed. Miller's Flat, HOhrs 19 9 0 Success, Waipori 19 3 12 1 Taniwha. Tnapeka River :.. 19 3 10] Inch Valley, near Palmerston ... 18 12 0 Waikaka United No 1, Waikaka 18 12 0 Spec Gully, near Gore. 132hrs ... 180 0 Central Charlton, near Gore, 132hr 17 16 0 Prince Arthur. 8b6tover 17 16 0 Charlton Creek, near Gore. 131hs 17 0 0 Molyneux Hydraulic, Alax'dra.llOh 16 17 0 Mystery Flat Waikaia, . 16 15 16 Ngapara No. 3, Nevis ..; IE' 5 •1 MacCharlton, near Gore ..: 15 4 0 Central Mataura, Mataura, 130b 15 4 0; Cromwell No. 1. Cromwell 15 1 0 Grand Junction, Nevis Kiver ... 15 0 0 Ettrick, Roxburgh, 129hrs 15 0 c Waimumu Central,near Gore, 120h 14 11 0 Globe. Waikaka, 132hrs ... 14 10 0 Waikaka United No 2, Waikaka 13 0 0 Clvde, Alexandra 13 0 r Gaoriel, Tuapeka Flat... 12 3 0 Reliance. Tuapeka Flat 12 0 0 Riley's Beach. Cromwell, 11 6 0 Inchdale, near Palmerston, U7hrs 11 6 0 Tuapeka, Tuapeka Flat, wk ... 10 15 0 New Royal Maori, Upper Clutba, 10 10 0 Golden Treasure. Miller's Flat, w*k 10 0 0 Otago. Miller's Flat, 6dys 10 0 0 Waimumu Extended, Gore 10 O 0 Lower Enfield. Waipori, 169brs 8 2 8 Lawrence, Tuapeka Flat, 6dys Total for 57 dredges ... ] 8 0 0 .433 10 18 Average per dredge 25 0 0 The Wkt Coast. Pactolus No. 1 60 0 0 Callaghan's ... 54 11 0 Mosquito 53 0 0 Ma'-ri King ... 40 1 2 ■SMokoia ... r ? .,". 40 1 0 North Beach • .. 33 8 0 Prince of Wales 28 18 12 Feddersen 28 0 0 Rohinoor .. .. ... 26 9 6 Blackwater River 26 3 0 Three-mile.Greeostona : v . 25 2 0 Greenstone Creek » ... 22 13 0 Aluinjra 22 0 0 Shellback ... 19 13 0 Cornwall ... ... 19 12 0 Nelson Creek, Westland 17 0 0 Reeves's Proprietary . .« 12 12 0 >•*., -.one Junction ... 8 8 0| Leviathan Freehold - ... 1 5 0 0 Total ... 542 11 20