MINING NEWS.

Alexandra Herald and Central Otago Gazette, Issue 411, 24 March 1904, Page 5

MINING NEWS.

The silt elevator whifdi has been erected on the Golden Beach dredge bad a preliminary steam trial on Tuesday evening, and proved itself to be the right thing in the right place. The machinery was manufactured by the Dunedin Engineering Company, from designs prepared by Mr J D Kerr, the engineer of the dredge, who also supervised its erection. Mr Kerr is to be congratulated on the successful carrying out of the work. A description of the plant will appear in next issue. The dredge started work yesterday morni g. Heavy rain fell throughout the district on Friday morning last, causing the Molyneux to rise to the 9:t mark at the Alexandra bridge. The river has since fallen about 18 inches, the height last evening being a little under the 7|ft mark. The New Fourteen mile Beach Company has been successfully floated, and the shares having been allot ed the company has been registered. The dredge and claim, with the electric .1 plant and the water races, were secured at auction to-day by Mr F Duthie, acting on behtlf of the new company. The property was' offered by Messrs Park, Reynolds, and Co, and the sale attracted a very large attendance of dtvdgiug men. The first bid made was for £I,BOO. This was followed by a bid of £2,000 by Mr W F Monkinan, the liquidator of the old company (whose liabilities, it was estimated}, would be amply covered by that sum. The only other bid was that which secured the property to the new company, the price being £2,050, The directors of the Dunstan Lead Gold Dredging Company have declared a dividend (the fourth) of Is per share. Messrs Richmond and Murray's tender for £345 has been accepted for raising the Kiley's Beach dredge, and thoroughly repairing her. The contract is to be completed in six weeks. At the sitting of the Alexandra Warden's Court Last week, the applications of E Appleton, H F Norman. B T Wheeler, Robert Lee, and J C Thomson, for special claims on Galloway, were opposed on public grounds, the petitioners praying that the Warden should refuse the granting of the applications except on the condition that outlets should be provided for, A good deal of evidence was taken, after which the warden said he would visit the ground, and deal with the objection at the next sitting of the Court.

PERSEVERANCE GOLD DREDGING CO.

An extraordinary general meeting of the above company was held on Saturday evening last. About twenty shareholder w.ere present, and Mr Geo Spencer, chairman of directors, presided. On the motion of Mr Short, seconded by Mr Lnke, the following resolutions were carried : L. That it is desirable to re-constrnct the Company. 2. That the provisional agreement, dated the eleventh day of December. 1903, and made between Robert Miller Finlay, on behalf of the Company, of the one part, and Henry William Reid, on behalf ol the New • Perseverance Gold Dredging Company, limited, of the other part, be. and the same !*, hereby ratified and confirmed, and that the Directors te authorised to affix the Company's Seal thereto in token of such ratification and confirmation, and to carry the

came into effect with such (if any) modifications in the details thereof as they may think fHEtoaascntta a 3fi 4 That the regulations contained in , TabW " A" of *' The ■ ompanies Act, 1882 " insofar as they apply to this Company be added to as follows:—That there be inserted after Clause 77, Clause 77a, namely: "The Company may distribute any property of the < Company in specie or in kind among the members , A vote of thanks to the chairman concluded the meeting.

DREDGING RETURNS. The following are the returns for the week ending Saturday, March 19th, 1904 : l oz dwt grs lady Roxburgh, Roxburgh ... 97 0 0 Golden Bed, Miller's Flat. 6dys 80 5 0 perseverance No. I. Alexandra ... 67 5 0 Golden Run. Millers Flat ... 60 12 0 Dunstan Lead, Alexandra, ... 43 10 0 gheddon'B Freehold, Waikaka, wk 40 0 0 iandy Print, Alexandra, ... 31 0 0 Boxburgh Jubilee, Roxb'rgh, 135h 29 10 6 Oairntrodhe. Poolbum, 160hr5... 28 14 0 Island Block, Beaumont, ... 27 6 0 Enfield, Waipori, ... ... 27 5 12 loch Lomond, Fraser River, 246b 26 15 0 Matau, Clyde, 6 days... ... 24 0 0 • Ittrick, Roxburgh, 130brs ... 23 13 0 Enterprise No 2, Alexandra ... 2:> 10 C Waikaka Queen, Waikaka ... 23 5 0 Gabriel, Tuapeka Flat 23 2 0 Cromwell No. 2, Cromwell ... 23 0 0 * Olrig.Manuherikia, ... 22 10 0 Garryowen, Waikaia .. . . 22 0 C Eamscleugh No 1, Alexandra, 102b 21 16 2 Waikaka United No 2, Waikaka 21 15 0 •entral Charlton, near Gore. 137 hr 20 18 0 Otago No 2, Beanmont ... 20 8 0 Golden Gate. Millers Flat. 6dys 20 3 0 Rke and Shine, Up'er Clutha .„ 20 0 0 Mystery Flat. Waikaia, ... 10 18 10 Enterprise No I, Alexandra ... 19 918 Rise and Shine No 2 ( ram well 18 15 0 Taniwha. Tuapeka River ... 18 7 0 Tuapeka, Tuapeka Flat, ... 17 16 0 MacCharlton. near Gore, lllhrs 17 6 II Charlton Creek, near Gore ... 16 lo ti +. Waikiia ... 15 7 12 * *Electric No 1, Cromwell ... 14 IS 0 Royal Waimuma, near Gore 14 12 0 Waikaka Syndicate, Waikaka ... 14 0 0 Waikaka, Waikaka, 104hrs ... 13 17 0 Happy Valley. Tuapeka. wk 13-15 0 Waimumu, near Gore, ... 13 6 0 'Reliance, Tuapeka Flat ... 13 2 0 New Prince -rthur, Shotover ... 13 0 0 Lawrence, Tuapeka Flat. 6dys 12 12 0 Otago. Miller's Flat, sdys .- 12 0 0 Revival, Upper Clutha ._ II 12 0 Waimumu Extended, Gore 11 5 <> Central Mataura, Mataura, ... 913 0 Inch Valley, near Paimereton ... 8 0 0 Ngapara No 3, Nevis, 130hrs ... 7 7 0 Inchdale, near Palmerston, ... 7 2 0 Total for 50 dredges 1202 13 12 Average per dredge 24 0 0 ffajtod Wmimaa. Wit Coaflt>l«h 20 0 0