THE INANGAHUA REEFS.

Grey River Argus, Volume XIII, Issue 1592, 11 September 1873, Page 2

THE INANGAHUA REEFS.

[heraxd, sept.; 10.} . ., . The machinery at Anderson's was got into working order again, on 1 Tiieiclay evening, and crushing was resumed. At the Ajax, the machine i 3 atpresehfc idle, a longer interval than anticipated haviug been permitted to lapse before the Golden Fleece Com pany will continue sending down stone to the batteries. The lease of Silas Livesay and others, better known as the Black Ball claim, No. 3, South Larry's,. is now ready for execution, and, unless taken up, will shortly be forfeited. We understand that it' isjthe intention of certain of the original shareholders to apply for a fresh/lease, some of the old party who took, up the claim having left the Colony. Messrs Graham and Sutherland are I making rapid strides in the erection of the machinery for the Just in Time and Fiery Cross claims. The atamper-boxea have been set, and the standard supports for the connecting shaft f are all-up. Nearly all of the carpenter's work 4s ■finished, and they anticipate iv another week oir so t<> have everything completed and ready for crushing. The battery is to consist of ten 6-cwt stamps, sufficient space to add five or ten heads more when required, and is to be driven by an overshot waterwheel—4oft in diameter, with four feefc breast. The wheel, however, will, be capable of driving 30 head. Messrs D. Isaacs and Co. sold at auction on Saturday two half shares; the interest j of the deceased Alexander M'Mullen, in a mining claim, known as No. 2 south, Larry's. The price respectively realised was L4O and L 36, which it is needles? to add in the present depressed conditibn of mining speculation was very much below its value," but restively to the 4 general state of ithings the price was, a good one. An offer has been made by a responsible firm to place machinery on the claim as soon as.tlie tunnel has been driven with similar results an additional fifty feet, .which ••: would then give an. .estimated quantity of 10,000 tons of stone of very superior quality, which' wOuld^ suffice to repay the cost of : erecting machinery.