Property v. Poverty

Maoriland Worker, Volume 2, Issue 14, 9 June 1911, Page 9

Property v. Poverty

We read in tho morning paper the other day «,, statement by Mr. W. E. Parry, President Waihi Miners' Union, that th|re is a great deal of "private" in Waihi. These people who were in straitened circumstances and with young families were loth to faco the procedure following on an application to tho Charitable Aid Board. Asked if in. his opinion poverty in Waihi was more intense at present than at any previous period, Mr. Parry replied emphatically that it was easily double in intensity. We concluded that this must bo the result of the great slump in the Waihi •hares, of which so much was made lately by the Capitalist press, but turning to the commercial columns of the •ame paper the eye pulled up with a jerk at the following:—

Gold and Dividends. The returns from mines on the Hauraki Peninsula during May gives tho substantial total of £406,777. Of this the Waihi contributed £58,160, the Talisman £17,627, and the Grand Junction (two crushings) £24,276. The latter of the two crushings reported to-day is 8419 tons for £10,695 for the last week of May and the finst day of June. Dividends totalling £117,500 will be paid by mines in the Ohinemuri county. A week ago tho Talisman Consolidated distributed £22,500. To-day the Waihi Grand Junction paid tho first dividend of £20,000, and to-morrow shareholders in the Waihi Company get their quarterly dividend, this time the amount being £75,000. The Waihi has up to date returned to shareholders in dividends £4,310,071 from a gross output of £9,374,714. An average of over 50 per cent, annually since the opening of tho Waihi. A professor of animology tells us that monkeys reason like men. A trifle hard on the monkeys.