MINING INTELLIGENCE.

Lake Wakatip Mail, Issue 214, 17 May 1865, Page 3

MINING INTELLIGENCE.

The weather since our \ast issue has been most inclement. Snow, wind and rain. It has done very much to retard business operations, and has of course interfered with mining pursuits. It will be a gratifying statement for many of our readers to hear that the New Channel Company, after an outlay of several thousand pounds, and sinking a duffer paddock, were on Saturday and Monday taking out good washdirt. The immense and powerful wheel has been christened the "Victory," and a more appropriate name could not have been chosen. The Inglewood Company, Maori Point, have, after a long time, struck good gold, and are washing from forty to fifty ounces per paddock. At the same place, in terrace workings, Law and party, united with the Frenchman's party, are clearing from twelve to eighteen ounces daily—the working hours being now reduced to six. The Race Companies intend washing up to-morrow, and some good results are anticipated, from the prospects obtained. At Skipper's the Extended Company have commenced to obtain gold, and the prospects are most encouraging. »Mr Ferguson, so favorably known in Weatherstone's, is one of the active parties connected with this undertaking; and several years work of a very remunerative nature are before them. The Homeward Bound Company (the prospectors of the Scandinavian Reef) are idle at present, as their letter for new stamp-heads reached Melbourne after a month's delay. At the Mountain Race Company's township, most pleasantly situated, the buildings in these high mountain districts assume a comfortable homely appearance, being built of wood, which is here most abundant. Roads would tend to settle a large population in Skipper's, but at present they are so dangerous as to enormously enhance the cost of living. They resemble >so many man and horse traps, and it is a crying disgrace that a district that has produced so much gold should be so scurvily and unfairly treated.