MINING NEWS
WELLINGTON SHARE MARKET. In the raining market on Saturday only one quotation was recorded, as under:— Buyers. Sellers. £ s. d- .6 s. d. Dom. Developing Co. ... —" 10 0 NEW ZEAto'D LOAN AND MERCANTILE COMPANY'. Australian-New Zealand. Cable Association. London, December 6. After placing £25,000 to reserve, £30,000 to premises account, .and. £15,CC0 to divi-dend-equalisation reserve, the New Zealand Loan and Mercantile Agency Company. Ltd., has a divisible surplus of £220,310. A final dividend of 3J per cent, and a bonuß of 2 per cent, lias been de- ' clared, a, further sum of £70,000 will bo added to dividend reserve, £10,000 to the benevolent fund, and £24,105 will be carried forward. ' -THE NEW KEEP-IT-DABK MINES .LIMITED. Influenza lias seriously depleted the working ranks of the various mining enterprises in the Reef ton district, and this has been very marked attheKeep-it-Dark Mine. In view of this fact, and the proximity of tho holiday season, it has . been decided to close the mine -until after the' Christmas and Sew Year holidays. With the reopening of the mine,, states the secretary, it is intended to initiate a scheme of development which includes the sinking of the main shaft to a deeper level, the extension of levels Nos. If, 9, and 10 into virgin country, and the driving of a level to the-well-known Hercules Lode. It is anticipated that this develop_ment scheme will involve an expenditure ~bf not Icsb than £10,000.
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Dominion, Volume 12, Issue 63, 9 December 1918, Page 8
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238MINING NEWS Dominion, Volume 12, Issue 63, 9 December 1918, Page 8
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