GOLD MINING.

Press, Volume LXVII, Issue 20175, 2 March 1931, Page 10

GOLD MINING.

THE WEST COAST SOUNDS. Mr. Adam Thomson; of Auckland; writes to the Auckland "Star" as follows: . In regard to the geologists' report on the Sounds district, I, would -like to say.l spent nearly a year in Preservation Inlet. • There •is no shadow, of doubt that rich reefs exist. Every stream on the mainland and the small •watercourses on the adjacent islands contain gold, generally loose, but pieces, of quartz are also found containing rough gold. On Crayfish Island, in the inlet, a lump three feet long,' two feet 'wide, and two feet deep found lying on the .beach was .broken up and sent to Dun-! edin for treatment, returning gold to the .value of £SO The ore body from which this stone came was never discovered. On..the.mainland four-miles above Puysegur lighthouse we opened up a reef three ieet wideband the first ton of. atone returned six ounces ot gold. This f claim, the "Morning Star," erected a stamp battery and became a regular scold producer. Another claim, the "Golden Site, situated on Wilson's river, five miles from the township of Cromarty, found rich stone, and after the Government had built a tramway from the waterfront to the mine to convey a crushins plant it became a gold producer. I have seen pieces of gold as thick as old English pennies taken from the boxes at. cleaning up time. The ooantry rock is slate, easy to work. One level on the "Morning Star'' was driven 150 feet without a Bhot being fired. The country is very heavily bushed with timber suitable for all mining purposes, and there is no scarcity of water. It is one of the places in New Zealand that deserves attention, for there are thousands of acres of gold-bearing land ■to prospect. AUSTRALIAN. STOCKS. (TXIT>» PBBSS ASSOCWTIOK—»X WJBOTEIO TBLIOBaPH—COPTBIORI.) LONDON; February 27. , Australian stocks • maintain their; firmness and ,several have,.appreciated' from on? COAL CO3WPANy. ; ANNUAL MEETING. .. At the -twenty-fifth annual meeting of ehareholders of the; Weatport-Stocktoh Coal Co., IJtd./*Mr TlCittiam- Hardie, chairman of <Uractoiri, presided oyer » good attendance of shareholders. ... .'.3&e'?cTuura»n f in moying the adoption of said that there the' balance-sheet i figojw.vAVlha ; last wmual meeting it was 3(wto«mWmlfa of the sßß^^Sa^WtewHilJßi Jimited : thOrotaui cejiaMereiy: vfift i iDlant.,wft>' put*in»b«tot Aft* g&InSSS&B)* in CPoJp a »toK'No%fnbei had. neverVJjgfti J^ter"J^ttipi*J'»thanrit>-.'wa»' , 'il6day to*deaS-,wtthV:a<loiM eitd increaaing* oufes put.-.*- f xwfymsi and-..** placing^,want" and equipment,-and the dfc w.lcgtn.«al cff rl ,th« cblhery with* a, viewito economical r .bee«"..wiafly„d> oyor five mtM»nti«l "i!*ur«*y tad dorn^to''re»r..unojßr [ W(V»w''rt'amounted w>> upw**d»>of < 30000. 'A > of' roughly JBooojs«vjftjftp; figures;' during - the * ewzest. ,Xh».jnJno continued, to, °* a °?'*»ife% *■** ■•■*W*W7 »»y*. «& th* of excellent, coal vfwjjttMfir&hbpt' thp fwa>,' but ut m»' would Imftrov* fyt&W&fa'tSb; »<&&) in the "general .layout fptnie, coal* winning too coaifflp^ 4 4a»5(agBf' had -haon authorised to tyting in advance of 'lff /Jand'.fttw' 1 ' small expenses 'sn« th'M-justified"by 1W «-*&*V«<.) ■!*Wfl€ilß-W*-$-»--«i. wo» -reasonably ■ gpooWur-; W iW-Wfts/, Th<t.wmrisiLxtM in the) On-, |w;i{a«me4 owLr* !Che Jtailw Pe- , auddtSniy 'and unavoidably redacod, or 'can^^tfl?Stfetfenf nilvwya had' action, !n ndacWi WW*" * ?o'iP«r r oont..> canted 9 "** screened, coal. *?? BWrVSMW* "»«»i—o) The inoreased cdlUtaiec^. (B)- Xho redaction in r«is?T^^EWgWt r mmm ttr.upmo time ■Jffl&Ni-. ■J&&\Umjm4qrQsS-. ,^™Wfff ß^fft!«i < 'e - -v!-r' 16 DMMW-*»tt!-ot esWi ■* ■ tffwflW! j«np,»iay, 5? r «isi;lß) r SW?wSSBf'. , »»!t«li.i.u»a»lljr iooaled >«r esjehanffe^ratb l »viffi^^^ w^*^fw»,, 9 i *- r»'«et; , SS!i£ l^fi** j4ta ' ,,o * l W tß »dvantage of .$& WSSI 4 W'W .Coal, wasfanir.' f^ JWj^ffi «<*l* r a« 'he moved to take i^t^iEaS? I *^-^ 1 * -{"W?** 11 * -hidu«trjr, *?WJ r^(fd?.* T *' ft *'*»v«aßo-«atßei for the coun' atoejrtoii.'i)ln«.t||e Government collected over o* *oXPflr ton by way of railage, wharfage, Si£Wi!i* ™« w" tor a distance of aoont WxHteep mtlps by rail, Unless atepe 'were''taken to protect "this industry, there SflW tr ■J mai ■■••PloJElhwit ia the mining -IwJ!?" * h , on »ftt JiavittWa to devote the working' anrplua for tap 7«ar. £3060 18b Hd. !!. "P'SS'* < L QV ? th» Property account, insteadoi. reducing the outetandlng loss broaght fprmrd from 1929 «ccaKnts, tho J c.nairman t . added. 'JPm motion -w« seconded by Mr O, O. U«- ■ Keller. J I ?H wI !S, > '^•. HMd '•. a,l * w ' Baxter were red M £ W - S - Godfrey was , 1*8£ ,, &* !w I" m « - lo ? ' ft «' current .year. . we^Swoetorß , feea for the current yea* wer B ;W' at «970,;,t the request of the themselves, being a redaction of 10 * , , , ££»Ui&i^ tl> %£tf, aWr ' which waß J -. B r holm ° " d «»"»•« ""bH"*"* chairman of dlrec tqra-{^o5 r ][hft current year. ,< - ■ CO-iQP; POULTRY . LTD. Btilf. continues to come forward la q«» Romberg jsnd ,*»• aupply exceed* ■ the ,^ff tl >'liji,»°- Prleaa «ro-low, according to alt JothwVftdiatßodities. ".f!ff^'i'K I ?** I "!'P rle *»"* are realised 'per light as Od to es 6d, V k >@l^f^i i> 4 * Is 6d to 4s, >s% e Wm> 1> 'geeso, 4s toiQs; itwkj»«fhen»'i4)(-torSOs, gobblers 25a to .paok*.'«nd first* is iOd. ?d. pnUets l|(?d. —6