THE GOLDFIELDS.

Auckland Star, Volume XXXVIII, Issue 153, 28 June 1907, Page 2

THE GOLDFIELDS.

TE-UTLE BAB. .','.'..The "manager telegraphed . yesterday ,- afternoon: r'-Llie contractor cut. the reef. af the low level at .35 feet. flow ■of water still continiies; water drained " ofl! upper level.' "Sinking the winze could be proceeded with." ■ —-—i — .

.: ■""" waihX extended. -

The manager telegraphed this morn- ■ ing: "Reef liit.'&in. wine." TMs refers id" the drive"" at No: 4 level, which is now j within a "snort distance pf being under- j neath So. 1 wiuze.'... ...

- •■■.•-— NEW MOAJSATAIABI. .

The annual meetlug of shareholders ;n the New Aloanataiari H.M.. -<Jo. was held in -■■ noon to-day In Sir. iL (SilfiUair's. olßce,' Vfctoiik Arcailel TliC directors' anniiat;Teport ; -steted tliat-during, tiie past six morons cpenitlous had lie.en carried on, but had. -net resulted in meeting with, ore of payable -quality. Sis months' protection-had. been obtained, iwnereupon work in the mine was The retiring directors.were the Hon.' IS. Mitcbelson and Mr. H. T. liorrie,-: •and the retlrlns auditor, ilr. l>.-B. McDonali The sialement ol accounts for hallyear showed receipts: Balance on' hand, Koveifi-oer 30, lave, Jiß 7/1; calls, ~£8?y 15/; ballion, £66 9/3; tributers' percentage, il4 ia/T; premium on forfeited snares sold, £4 . "11/7; and bank overdi-ate, £97" 4A; total;--£lO2l 0/7. The expenditure was: Bank overdraft, November 30. 1306, £303 18/1; mine wages, £332 8/6; mine Eopplies and' ore crushing, £76 14/7; ■■ .drainage, £106 S/1-, general charges, Induaing rent. £122 O/ll; sundry creditors, ISO-. ' -vemuer 30, laws, £20 9/6; and cash on hand, :. £9 0/11; total, £1021 0/7. ': ... Mr. H. .T. (Jorrie explained that they liad stopped work to get out of debt, as the halfpenny calls would not carry on the., mine. L nfortnnately the articles only allowed halfpenny calls being made rin this, company, which, was a mistake!