A Flooded Coal Mine.
: (lER UNITED PRESS ABSOOJATION.) ; Auckland, Tuesday At the bilf -yearly meeting of the B»y joif Islands Coal Company, Mr J.'C, Firth presided. The report showed; a balance at credit of profit and loss of £660. .No dividend was declared. Messrs G. B. 'Owen and; A, , Boarcjman , Directors. , , Tlie phaifm^an , statejj.jthat the mine was flpoded with storm water jfrom : the late .^ainsf X^quantity, o.f^mud cat ned ! db\yn into the shafts* -tfad choKeo?' tb,e pumps stopping them, He did not jconceal from the shareholders that if|hey iwere' uhable ; t6 ; clearthij 'pumps' the days ot the mine were iover. / TJpon the freeing of the pumps depended the existence of the Company., If unsuccessful -ia, that, their'siti'iiggless ag a coiujjany wbulabe ftnally terminated. 7"* , .-.. ...
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Bibliographic details
Manawatu Standard, Volume XI, Issue 1632, 11 February 1886, Page 2
Word Count
124A Flooded Coal Mine. Manawatu Standard, Volume XI, Issue 1632, 11 February 1886, Page 2
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