MINES REPORT.

Hokitika Guardian, 23 September 1924, Page 4

MINES REPORT.

GUY KRNA7KXT WATER-RACE. Report. on Waimcn-Kumnra W;i terrace.'! liy .Mr James Kochfurd, .Manager. WAI.MKA \VATKR-RACK. Tlie cash received from sales uf water from this race for the year ended .'(lst .March, 11)2-1, was Cold 2s Id, and i lie expenditure on management, gnaging, maintenance and repairs ainounte.l to L'SII s {ls !,'d, showing a dehit halance of L'lfftii 7s Ad on the year’s trails actions. The average nuniher of miners supplied with water during the year was v.'J.'i, a decrease of .’hot) on that o! the previous year; and the iipproxiinaie fpiantity of Hold obtained by them was I l:{ ox., valued at L'I,7,TS lAs (id :i decrease of L'l7! INs lid on that of the previous year. The sales of water amounted to C-'illli Ills Id, a decrease of C'.'!ll!l Ids oil as compared with the previous year. The falling-off in the sales of water, although large, is more than accounted for by the fact that I.initiator Sluicing Syndicate only used water to the value of C ISS Ms 2d, as against C7iV.i Ids for Ihe previous year—a decrease of tio.'lo Is 1(1,1. Although the sales of water show the decrease previously mentioned, a redeeming leature of the pash ion, however, is that the cash received shows a decided improvement, and liiis, coupled with a reduction in expenditure, mu'itcs the h.ss on the working of the race 1'230 Ids UM less than (he previous tear. The easli teceived was CM I 17s 2d greater than the previuns year, and the expenditure showed a decrease of Col IPs Sd.

Although the last three months of the year were exceptionally dry, there Wits an excellent supply of water, and the W'nimea inverted siphon was running lull till the year. HI? A NCI I HACK TO CAI.I.AOII AN’S AN'l) .Ml Dili.K HR AN( II ELAT.

The cash received for sales ni watei from this race lor the year elided .'list .March, 11)21, wtts Clio, and the expenditure on iiiuimgcmcnt, ganging, imtintennnee, and repairs amounted to CIS I Is Si |, showing a debit balance of Citli!! Is Sd on the year’s transactions.

The average numher ol miners supplied with water was: 2. a decrease ol ■'!. II on tlie previous year; and the approximate quantity of Hold obtained was 2°sii/.', havitiH a value ol L’I,I.TO Ss. a decrease ol 1701 i 12s (id on that of last vetir.

The cash received was CI7 17s .'ld less than H.r the previous year, and the expenditure showed a decrease ol Coil 12> lid.

K OMAHA WATCH HACK. The cash reeeited from sales ol water from this race lor power development purposes nmoiinlod to C 127 Ills Sd, and lor royalty from timber cut on the Heservoir Heserve CI2!) 11s Hd, makiiin a total revenue ot CA77 M lid. The expenditure on maintenance and repairs amounted to CD2 As (id. thus showitiH a profit of Ci’til Kir. Ad in the year's transactions. No miners were supplied with water from tliis race durian the year, the whole of the revenue derived from sales of water heiiiH received from the tllcuku Sawmill Company. This mill was formerly held by l.arseu and MeClrath. and this company should purchase from CI2U to Cl AO worth of water annually for soav years to eome. The royalty on timber cut on the Heservoir Heserve should show in increase of at hurt CJ.’.U for the ensiling

K I '.MAH A TH A NS-TA HA MAI 7A I ’ WATKR HACK. Tie only party supplied with water from tliis race was the Payne's Cully Sluicing Company. who carried out sluieiiiH operations interuiit l ,, ut ly dltriiiH each mouth nl the year. This company lias to maintain the li'.unsTaranialtau pipe line at its own expense and in ciil|sei|Ucnce is liein;.'. siipjiiie-l will) water at a reclined rate. Til" maintenance ol this line lias proved very costly to the company, and has been a \ cry "real draw hack to (ho workiiiH uf the property, particularly duriiiH the last four months ol the year, when, nwitin to breaks taking place io the steel sections of piping, sluicing was only carried out on lolly two days. Notwilhstamlin;' the serious disabilities under which this company carried out operations, tlie gnlu returns for the year were highly satislaelory. AltliiniHh the water supplied to this company is entered in this olfue as free water, and is not included in the sales shown on the attached tabulated statement, the water is heiiiH supplied in lieu of cash expended hy the company In repairinn the Covernment pipe line some years The gold returns foi* the year from the Pa.vne’s Cully claim were so satisfactory for the small quantity of material treated that there is every probability ol the uunpany issuiiiH a numher of shares to raise suflieient funds to replace all the steel pipiitH in the t rans-Taramakaii line with iron, and otherwise enlarge their ininiuH operations generally. The average numher of miners supplied with water was .‘(.AS, and the approxiuvite qti.inlii.v of H"hl ohlained was 2Hi uzs, haviiiH a value of Ls:lli Its

AVA IN'I II INI 111 WATKR HACK. During the first eight or nine months of the year Caretaker Alillson was able to keen the Wainihinihi and the Wnimna water race atltlit ioiial supply races in I'airlv goad order, but eventually some of tin* timber sets in different sections of the tunnels became so badly decayed that il was essential that they should In* replaced with new timber. WAI.MKA, KUAIARA, AND CAM.A Oil AN'S WATKR HACKS.

The following is :i smnmary ill" the revenue and oxpcndiuro of the above water races lor the year elided .'(lst Mart'll ,11)21: Sales of’water, CSIIH Ids •Id; i ash received, L'I,L'S Is lid Mieluding royalty on limber! ; expenditure, CI.HI I lOs lid: approximate value of "old obtained, .CH,<oo -Is; average nuinlier ol niiuers emjiloyed, 10.01. The sail's of water show a decrease of C2IO 15s Id, and the cash received tin incre:ise of CIO7 Ills Kid, on the previous year. In addition to the above stiles, authorised free water io the value of COit was supplied to the Payne's Gully Sluicing t'onipany. The total expenditure on the combilled races amounted to CI,HI I 10' lid, as against C 1,111 (is JOs for the previous year, a decrease of COti *>•' lid. Comparing i lu* cash received with the expenditure, the combined races show a loss of Cl2(i Ins Sd, hut from this should he deduced the sum of COti for water supplied the Payne's Cully Sluicing Company in reduction of its account, which reduces the net loss to CHO los Sd.