UNITY GOLD DREDGING COMPANY.

Alexandra Herald and Central Otago Gazette, Issue 391, 5 November 1903, Page 5

UNITY GOLD DREDGING COMPANY.

The annual meeting of the Unity Gold Dredging Company, held at Dunedin on Friday last, was presided over by Mr F Nees. In moving the adop* tion of the report and balance-sheet, the chairman mentioned that 4s had been paid in dividends during the year. He regretted that the past year had not been so successful as the previous one, but the river had not been so favorable for dredging. From the Ist December to the 18th February the dredge had been working summer ground. During the year they had acquired some fresh ground below Muttontown, and on getting this they had surrendered part of the claim worked out, and now stood at a lower rental with a smaller claim, The dredge had been under the charge of Mr Barry, who had given every satisfaction. They had a very good crew throughout. The reserve fund had been partly eaten up by their operations at the beginning of the season, and now stood at a lower figure

The motion was carried. It was resolved—That the number of directors be four, and that their remuneration be 48 guineas per annum. Mr D Bringans was elected local director.

Replying to a question the chairman eaid there were 50 acres of river and bank claim yet that had not been touched by the dredge.

UNDAUNTED GOLD MINING COMPANY, LTD. The following is the half-yearly report of the above Company, to be submitted to shareholders:— "In presenting balance-sheet for the half year ending 30th September, 1903, your directors have to express their regret that the position disclosed is not as favourable as they would like it to be. The autumn was unusually dry and the water supply only sufficient for stripping the poorly auriferous overburden work that, however it may facilitate subsequent operations, gives but little immediate return. The dry lutumn was followed by an equally unusual winter, both in severity and duration. For six weeks no water could be carried in the Thompson's Creek head-races; and for ten weeks none could be earned in the Chatto Creek head-race ; the cost of cleaning out the races in Spring was four times the average. Sluicing on the bottom was begun on 30th September, and the paddock was only sufficiently opened to admit of boxes being set on 14th October. The ground now being operated upon looks very well, and your directors hope during the current half year to do much towards making up for deficiency of last. There is a great deal more than the usual amount of snow on the ranges and a plentiful supply of water far into the summer is assured. The new claim has not yet been prospected ; uor is there any occasion to be in a hurry about doing so, as the workings of the Company, whose operations disclosed the likelihood of gold in the unoccupied Crown Lands adjoining their claim, are gradually coming nearer and proving the ground for us. Your directors in the meantime are taking steps to surrender the worked portion of their old claim, and to include the new claim with the old, under one title."

DREDGING RETURNS. The following are the returns for the week ending Saturday, October 31st, 1903:

Total for 54 dredges 1115 17 17 Average per dredge 20 0 0

oz dwt grs Earnscleugh No 2, Alexandra 125b 69 6 0 Waimumu Queen, Gore ... 45 17 0 Sandy Point, Alexandra, ... 43 14 0 Earnscleugb No 1, Alexandra, 131h 37 10 0 Moa No 2, Alexandra,... ... 35 0 0 Alexandra Lead, Alexandra, ... 34 0 0 Waikaka United No 1, Waikaka 33 0 0 Rue and Shine, Up'er Clutha ._ 31 7 0 Nugent Wood, Waikaia ... 31 0 0 Golden Gate. Millers Flat, 5dys 29 17 0 Dunatan Lead, Alexandra, 6dys 29 10 0 Waimumu, near Gore, ... 26 18 0 Central Charlton, near Gore, 137br 26 7 0

•Waikaka Queen, Waikaka 26 5 0 I lappy Valley. Tuapeka. wk 24 0 0 Waimumu Extended, Gore 23 9 0 Muddy Creek, Waikaia, wk 23 3 0 Oceanic Steam, Waipori 23 2 0 Enterprise No 1, Alexandra 22 5 6 Rising Sod, Cromwell, 22 3 0 Perseverance No. I.Alexandra ... 20 13 9 Waikaka United No 2, Waikaka 20 2 0 Upper Waipori, Waipori, wk ... 20 0 0 Ettrick, Roxburgh, 130hrs 19 15 0 Charlton Creek, near Gore 19 0 0 Inchdale, near Palmerston, 18 8 0 Olrig, Manuherikia, 118h 17 8 0 Island Block, Beaumont, 17 1 0 Reliance, Tuapeka Flat 17 0 0 Royal Waimumu, near Gore 17 0 0 Mystery Flat, Waikaia, 16 18 0 Empire No I, Waipori 16 16 0 Tuapeka, Tuapeka Flat, 16 11 0 Golden Run, Millers Flat 16 0 0 Golden Bed, Miller's Flat, 6dys.. 15 7 0 New ieviot, Roxburgh, 15 4 0 Waikaka Syndicate, Waikaka ... 15 0 0 Sheddon's Freehold, Waikaka, wk 14 0 0 Waikaka, Waikaka, 131hrs 13 15 0 Riley's Beach. Cromwell, 13 10 0 Enfield, Waipori, 13 4 12 MacCharlton, near Gore, llOhrs 12 8 0 Chicago, Alexandra, 113hrs ... 12 4 14 Taniwha, Tuapeka River 11 15 0 Hessey's Waikaia 11 12 0 Molyneux Eohinoor, Roxburgh .. 11 6 0 Central Mataura, Mataura, 11 2 0 New Golden Beach, Alexandra 11 0 0 Gabriel, Tuapeka Flat... 10 16 0 Success, Waipori 10 9 0 5pec Gully, near Gore, ... 10 6 0 Ngapara No 3, Nevis, 120hrs ... 6 13 0 Lower Enfield, Waipori, 6 0 0