COLOSSAL PROFITS.
: '', ;■;. ■'" ■t' ."'' ' ; ' BROKJDN HILL PROPRIETARY. . By Tcleffraph—Press, Association—Oopyrlßtit ( , Sydney, July 30. The latest dividend paid by the Broken' Hill Proprietary' Mine makes the total ■ received by shareholders £9,272,--OfJO. The capital of the company is £384,000, and smelting, was begun in 1886.
AUSTRALIA'S. MOST; FAMOyS MINE
■It is reported that the Broken Hill Proprietary mine was; originally discov--'ered by Charles Rasp, a boundary rider, on the Mount Gipps Sheep Station, who, with 'Mr. George M'Culloch, the overseer, and .other,station .employees, set to work: to raise tin. There were fourteen shares in all, but soon fcur of them were parted.with for. .£2OO. This was early in the 'eighties. But ; the . discovery of chloride .of silver altered the .position completely, and tho: value of the property rose by leaps and hounds. In 1885 the company was • formed, as above. Smelting works were eredted in 1886, and the .production of silver proved so enormous that in 1888.the .£2O shares, with d£l9 paid, were selling at from .£2BO to .£3OO. At present the company is possessed; of one of'the'most complete and costly mining, : smelting, . and refining plants in the world, the original outlay upon, which has been written down out of'.profits, to about one-third. .For the sale of the Block 10 the company received ',£912,000 in shares; for. that.of .the Block .14, .£432,000 in shares .was received; while from the British' Broken Hill Company, .£576,000 in cash, and £100,000 in shares, came to the Proprietary Company. At present the : area •of ' the mine is 120 acres, .forming main. lease ■■ at Barrier Ranges,' N.S.W., and. 683 acres. comprising '.. the■ outside leases'. 1 The. properties are: held under mineral lease and gold lease.' Payment to vendors, .£3OOO-cash, arid: 14,000 : shares paid up to .£l9.':Total produce' of mine to November.'3o, 1908, 148,190,0050z.' silver, 990,504;.; tons lead, . 9498 tons antimonial lead, 90,3550z. gold., 4576' tons 'copper. • Total dividends paid: Dividends to December,' 1908, . ££8,701,000j bonuses, .£1,048.000; shares in; other companies, ..£1,744,000. ' There . are' about 200,000 shares held in Australia, and about. 760,000. in Loudon.' —
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Dominion, Volume 3, Issue 883, 1 August 1910, Page 7
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336COLOSSAL PROFITS. Dominion, Volume 3, Issue 883, 1 August 1910, Page 7
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