MINING

Hokitika Guardian, 17 June 1932, Page 3

MINING

KAWARAU COMPANY. ANNUAL REPORT. •DUNEDIN, June 15. Tlie report of the directors of 'the Kawarau Gold Alining Company, Ltd., ior the period from March 31st, 1931, to May 16th, 1932, says that since the previous report was issued the. Amalgamated Kawarau Gold Mining Company, Ltd., had been registered, but if was I’jfffnntil , April of this year: that*, the actual assignments of the company’s mining privileges wejfe in favour Kawarau Gold Mining Company, Ltd., is to i*MiW i fft ' fully-paid shares in the : capi&UWflit A mijif amated Kawa,rmt Gold Mining Ltd., oneirnth of the nominal value of. the shares allotted to claim holders. When the fully-paid shares in the now company are received they will b<> distributed amongst shareholders of the Kawarau Gold Mining Company in proportion to their holdings. Shareholders will thus i become shareholders in the Amalga--1 mated Kawarau Gold Mining Company, ! Ltd., and the Kawarau Gold Mining Company. Ltd., will then have distributed all its assets. There is ther n - I lore no object in deferring the liquidai t.ipn of Kawarau Gold . Mining Company. Ltd*, and an-extraordinary •general meeting of members; has bcflir. ealh'd for the purpose*. of putting the oipnpaiiv-, iivtp voluntary liquidation. The balance-sheet shows the nominal r*uvt»l to he £14.985 8sv { On the.assets side is sbcAVn £336 10s j)C- fcbee'lv'nk.. The hpok; hv the A u.ia)g adopted Cchnpany in cons’doration : fli shares to h° ' a Hotted it! UJ2<W>l R6s 9d. Tim pro fit and loss account shows; a. balance; of. , £4007 12s 3d. I r '.