MINING NEWS.

Dominion, Volume 5, Issue 1494, 17 July 1912, Page 10

MINING NEWS.

WELLINGTON SHAIiE MABKET. At the morning'call,yesterday the sales recorded were Talisman 38s. 9d. and '395.; Waihi Grand Junction 21s. 6d. ami 21s. 9d„ and•Wtvilaiißi at 74(1. There-were no transaction} at the afternoon ea.ll. The buyinc; and sclliiiK quotations were as under:— Buyers. : Sellers. £ s. a. , £ s. ii. Kuranui Caledonian - ' 0 1' A New Sylvia ; -.... 0 0 3 - KoS3 lfeconstruct-ed — 06 0 Talisman .: 1 18 9 1 19 0 Wu-ihi -..': 15 9 116 9 Waihi Heels 0 0.10 _ Waihi Grand Junction ... 1 1 9 12 0 Wuitangl 0 0 6 0 0 7j TALISMAN CO.VSOLIDATKD. Mr. T. S. Wectcn, one of the-local-ilirec-tors, fnrnisli-'j an advance copy of (he directoi-s' report- and balance-sheet of the Talisman Convoltilatsil Company for IV-; iw emlid I'cL'iT...vvv 29, 1912. The profit and lo:r? account' shows that the bnll.'e.i realised and'in Iran-it totalled '£235,211 M lid., an<l interest au:l tranilcr fees brought the t-Vi.il up to £257.773 3.-. 'A. The esnen-d-t-iirs und«r all head* amounted to f.lt-s.Tu to. £rl.. !*,ivlnpt .i hoi3.nc» of IMX'A !'<!. 10(1, liisre was brouiiit forward from the

previous year £23,201 lCs. 10d., and £7000 ha? been transferred from the bullion reserve account, mnkinz available a total of £164,263 10s. Bd. Out of tlii.s there has been written off for depreciation of machinery, plant, and tramways -£11,208 8?., Dominion and income taxes £9322 Es. 5d., dividends £119,898 os. 5d., leaving a, balance of £23,854 16s. lPd. The cash In hand, investments, etc., after 1 nrovidinp; for all dividends, nt the do;; of the year amounted to £75,158 lis. 9d„ made up as follows:— , £ s.' d. Investment* .-... 30,664 0 9 llullion in hand 9,363.15 10 Sundry debtors,!!: accrued interest 639 10 0 Cash in bank 36,030 2 0 76,697 8 7 Less sundry creditors ". ;.... 1,538 16 10 . £75,158 U'9. The shares of the company hay«j declined in value recently, but there has been a slitrht recovery since. Mr. St airfield, in commiinirating with the 'local directors, slates that so far an the mine is concerned nc-thiiijr his happened to account for the fail in the shares. ... ; The dividends paid free of taxes since tlis incorporation of the company total £659,282

THAMES DEEP LEVELS: AN IMPORTANT ; MATTER." (By Telegraph.-l'ress Association.; Auckland, July 16. At a, meeting of the Thames Deep Levels Board a matter of. very great importance was brought up by Mr. A. Bruce as the result of -a letter from the supervisor (Mr. 0. 0. YVante), regarding the deviation, of the main crosc-cut. Mr. Warae explained that the deviation took place early in the drivins of the crosscut, but that the drive I was gradually boins brought back to its proper course. It was seen from the plan that the tunnel at a distance of 20CO feet was about 12 feet more in a hillward direction than it should be. consequently brinevnp; it nearer to the Monjiat.iiarl slide, Mr, | Bruce, in his remarks, said that this was a very serious matter, as if Hie flide was stopped it would fill the drive with mud and practically brine the whole scheme of deep levels to naught. He stated that he had conferred with Mr. E. F. Adams,: the surveyor, on this matter, nnd suggested that a prospectinc or "working' drive be put in to endeavour to locate the slide. .He characterised the possible cuttinK of the slide by the main tunnel as the worst thine that could happen to the Thames Koldftcld'-:. The chairman remarked that in his opinion the tunnel was already, within the danger zone. Mr. Bruce then moved t-hiU a working drive be put in. It was artccd that Mr. YTanie be askekd to report as to the advisability or otherwise of putting iu a prosrectine: drive to locate the main slide, and the peneral purposes committee was empowered to act if deemed advlsabla upon the report being received from Mr. Wtirne.

STOCK EXOHANGE. (By~ Telegraph.—Press Association.) Auckland, July 16. Business done at this morning's call:— New Sylvia, 5d., 4!d. Saxon, 9(1. Waiotahi, 2s. 4d. Talisman,. £1 18s. 6d. Grand Junction, £1 Is. 9d. New. Zealand Insurance,'£4 17s. "■ The following business was done at the 3.15 p.m. call to-day :~- Occiidcnta.l Consolidated, Is. Id. Talisman Consolidated, 38s. 6d., 38s. 9d., 38s. 9d. ■ : Waihi, 365; Wuihi-Paeroa (p.u.), 375. New Zealand Insurance, 975. Christchurch, July 16. Sales reported: Union Bank, £62 10s. . Dunedln, July 16. The following sale was reported on the Stock Exchange to-day :—Talisman Consolidated; £1 18s..

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