RIMU DREDGE

Hokitika Guardian, 5 August 1932, Page 2

RIMU DREDGE

AFFAIRS OF COMPANY.

Tifie New Zealand. Gazette, -of 28th July, .gives the following .statement .of affairs of the 'Ritmi Gold Dredging Co., Ltd. V T-he Company was registered at 50-th July, with, a .nominal capital of £250,000. The amount, ''of; 4 '- capital • subscribed /was;''£2l3,s72, , and . the amount; ; of r capital actually paid up [fi cash - was- £142.863." Thb. paid up . value ■of scrip given.to shitrehoW-ers.on.which •no cash has been p&wl. was ’£70,700. The shares are , valued at £l. The* e were thirty-three at the time of the. registration of the'Company. Since that date, the number has t n thirty-five. The, average numbe.i; of nun employed .by the Company since•last statement is fifty-four,‘. and the I amount, of gold wpn during that: period is bz. valued at £37,890. The .amount expended in carrying c" operations since last statement is £26.2311; The total amount of gold won since registration iis 118,715.7 oz.. valued at £474,863; and the expenditure "since reci-'tration i-sj’set down as £342,149. The total dividends {{hid by the Company are £24,622 10s. Cn-h in bank -an l' in iho-H -°5.20l 16s, -debts due to Componv £3-6,081 2s. and £16.943 16s Pd owing by the Company, complete a very in-terrstiftß f.tatement of nffains of Westland’s -most successful gold dredg- ,| ing company. ■} . 1

In. taking into coiisijerat'jn ths aL, fairs of the above. Oohip.any, the fnet-8 that tho Company have recently reconditioned- the -dredge and added rt new -steel pontoon to replace the old wooden one, 1 and have some of the best ground in its area yet to work, should be noted.