THE AUCKLAND GOLD FIELDS.

Grey River Argus, Volume XII, Issue 1191, 23 May 1872, Page 2

THE AUCKLAND GOLD FIELDS.

We have received Auckland papers to May r n,«from«whiph^we-take^he*foUpw-i '■ ■ THE THAMES.- M ' K , J)he ..Sons -of^Freedom CompMyJhave obtain ed S66oz gold from^2so ' "tonTof stone. :. s" ■;jN'"* The Albion Company (Kelly's tribute) have obtained 2610z-gold from 46 tons of stone. . ' y f" [ '~.'}L~/;ii The All Nations;ih^vei > .declared a dividend of 5s ; and "the Sbnß of . Freedom Company a dividend of LtpeWsharel |' The following is the calculation of *Mr Sims relative to the Kauwaeranga Bch'eme, brought forward at the nieeting 6t 'mine managers with Mr Haughton, and approved, of by the. meeting :-r-Eight, miles of 24in diameter wrougHt irbn'pipeSj'^in. thick, at L 25 per ton, 1320 tons— L33,Ooo ; laying and jointing pipes, 5 at' Lsoo' per mile— L4ooo. Total, L37,O(Jb. J -Quantity of water. discharged by the above-pipes at Grahamstown, with 150 ft f aU,' would; . be about seven million gallons per 24'hb'urs —the value .of which, if retailed, at 2d per thousand gallons, would be Llß,24B;per annum of 313 working days ; or at Id per thousand gallons, E9124 per annum, or at the rate of two per cent; -on' the; outlay of L 50,000. By this the outlay Would be calculated to be repaid in about 'three years. : ■ :'■■. / ■=.: ■■.,:<: .■■'.-.% r--...V.) At the TbS nes on tbe 10th 'Mayj bnsiness in the share market !wias v very dull. Sellers: Caledonian^ Ll9'; u: 'Watbhman, 6s ; Waitemata, ss ; Sons of Freedom, Lls. - ;: -: : - '■■ •■•.-•■■ ; - -■■■' ■•-■'■<r (

. . . COROMANDEL. n At Coromandel, on the same date, shares were very much in demand. A number of Auckland .sp,eculat6rs are trying to purchase in large quantifies. Bismarck, L 5 ; pacific, 10s 9d ;* "Goldjen Pah, 25a ; Siege of Paris, ,3081' To'lcatea, L 3 ss ; Conquering Herp,' '2s.; Court House; Creekj 3s M. Inquiries ; for°J6hn Bull/ Pacific, Court House C^eek., Bußiness almost entirely confneel lo Bvmarck and Golden Pah. ' '";:,'.".';■ ,^/ At Coromandel, the Dauntiess and ?^- Sink to Rise claim has given 620z 17dwt " melted gold, from HOlbs of stone. THB-W-iIKAIO. The Waikato Times says :— f"Ai gentleman, in whose statements we have every confidence^ informs us that ;he has, from information '■ he has : received, not the slightest doubt that there 'is^gold 'in the Tuhua Ranges in: rich deposits." A native in whom he places great reliance told him that he (the native)' had' -BeenTat Whapapa one good,-sized . nugget" and some gold in quartz^ said to > have been found at Tuhua. To arrive at theacene of the supposed discoveryj it'will lb6'ne^essary to start from the West Coastj as t&get there from Wa'ika b or any part of "theEaat Coast it is necessary to pass the baße of Tongariro, and the track at this season 1 of the year is almost impassable. The natives have sent a letter to the 'Superintendent, asking that he will appoint some white man in whom he has 'confidence, to prospect the countxy on the' west ' side ' of Taupb Lake." - ; ' ' : The JVew; Zealand Herald? bi May 9th states :— ":We understand that Mr Bany, formerly of the Kuranui claim, Thames, and Mr Nolan, formerly ;of the Candlelight claim, were yesterday Bent for by his Honor the Superintendent, and informed that in accordance Jwith a request sent down by the-^ing^he'Governnient had decided to< send out a party to proroect the country, and that the|y had been^appointed. We believe ; that ; Messrs Barry and Nolan will leave ; for the King's country to-day, thorpugHly f equipped^ for the expediiiori." ; s """'• " : The TaraixaM Herald of May :]1 th ;re- -* ports :— " We learn that several natives are out prospecting for gold, in the country at the back of ;Ngatim'aru.' As yet they have made but little progress, owing to their want of knowledge of jwhat is valuable orwhat is useless; , They have sent in for a further supply of flour, and the natives twho came for, it expressed a wish that Europeans ; would cornel and assist them in the search. ■