GOLD CIRCULAR.

New Zealander, Volume 8, Issue 628, 21 April 1852, Page 2

GOLD CIRCULAR.

(From the "Sydney Heiald," Maich 27.) It ■will be evident from the small quantity of gold received this weelt that something has happened eithei to our mines or our miners, and we regiet to say that such is the case, both the Tuion and Ophii have been visited with floods more disastious tlnii any pieviously recoided. On Satmday last the w.itei in the Tuion lose so high, and came down with mch torce, that it filled up a large number ol holes that weie in good woiking condition, washed aviay many tons of soil thai had been piepared foi cradling, together with a large quantity of tools and working implements. It was impossible to get across the river to the Commissioner's tent, for the pin pose of conveying the gold to the escoit. It is supposed that fully 4000 miners have kft the Turon this week for other diggings, being quite dibheaiteiicd by such continued deduction oj then labour. At Oplnr, the results are (nily as bad; Meisrs Samuel and M'lntosh had then machmeiy washed away, and a complete stop put foi the piesent to then opciations. Lctteis are in town tiom both these mines, giving a most deplorable account ol the losses sustained. It is however giatifying to announce, that new ,diggings aie opening up in other dnections. At Gilmandikc Cieck, Davies Creek, Mount Stiomlow, Tanner's Mount, Swashfield, and othci places in the -vicinity of the Summerhill Copper-mine, the piecious metal is being found to a \ery gieat extent. About 200 persons aie supposed to be at woik ; and the yield is estimated at an ounce and a halt per cradle per day. At the Dirt-hole Creek, and the Slockyaids, the water is becoming scarce, and the soil has in many instances to be earned upwaids ot two miles to be washed. These mines aie >cry thickly btudded with diggeis, many ol whom aie doing exceedingly well. We have nothing ot impoilaiice to communicate from Uiaidwood. Abonl 250 men :ue supposed to be einplojed at the Lmle River, wheie many paitic< .no obtaining fioin thiee to five ounces per day. The neus fioin the Hanging Kock is still favouiable— a paity of two earning li\e ounces m a toitmght, cairying the eaith on then backs (luce-qu irters ot a mile to waih ; those who have cans and hoises .ue leported as earning fiom live to six otiiices pei day. The escoits bi ought in this week fiom the Turon 316 ounces ; Oplm, 2t> ounces, liathurst, 3.5 ounces, Biaidwood, 918 ounces; Hell's Cieek, 220 ounces; and the mails horn the Tmon, 320 ounces; Uaihtirst, 117 ounces; Mndgee, 80 ounces; Tamwoith '11 ounces; and Braulwood, 203 ounces; making a total of '2402 ounces, wotth about £'7830. The Sir Geoigc Scymoiu, trom Plymouth in 87 days, has put us in possession of account sales ol the gold shipped per Maiy ttannat.sne, and H.MS. Havannah ; ami although ihe ic»ult diir<is but little fiom the acconuts previously published, it is lemaikable, and has astonished some of out shippers amazingly to find that the Jnion gold it not equal to that obtained at Uphii. The loss in nulling u nincli rawc and it contain! a

laiger quantity ot silvei. Seveiaf companies with huge capita were forming in London, foi the (impose ot working out nuues tome under good, and others under bad auspices. One Company, with a capital ol £150,100 and with names in its diiectiou of tht highest respectability in connection with this colony, had all its shaies appiopnated in the ihoit space ot tour hours. It wai expected that the agents of this company would leave London in the e»rly part of this year. Other companies were being got up under false lepiesentations, and in some instances lawyers Lad been employed to obtain a lease tor shareholders, who had too hastily consented to become such. There cau be very little doubt that the judicious employment ot capital and labour must piorlnce a satisfactory result; but it will be will for parties mteiested in these undci takings to consider seiiously the propi icty ot bunging both machinery and labour with them— as they can haidly expect to piocuie the latter to advantage here, wheie eveiy hard wot king man cm obtain gold for himself; and while such i; the case, they would ot couue rathei be their own ma^Uis than become the suivants ot otheis. These remarks aie not intended to diseouiage our friends in England, but meiely to guide them inanuttei which would most likely prove their gieatest difliculty. The puce this week has been pietty film at G2s., until jesterd.iy, when it was sold by auction at 6'2s. Od. to CJs. 5d. ; the quantity, howevei, was small, and it was purchased by parties requiting to leinit. It is not anticipated that this puce can be maintained, as the Shannock is expected to-moriow, with a consideiable amount, and there ii still, and will continue, (jre.it difliculty in obtaining money to puichase, until the Banki receive coin tiom London. The Hank of Australasia has icceivcd since otn last tlmty thousand jovtueigns, and the other Banks me in daily expectation of additions to their specie. It is supposed that half a million of soveieigns will uirive here within the next few months. The mines in Victoiia aie still jielding extensively ; the last escoit bi ought in about 1 i,OOO ounce*, and some instances of great success are icpoited. The pi ice has fallen tlicie to SBs. The only export since ourlaft, has been by our entei prising fiiends, Messis. A. and M. Motes, who aie endeavoming to open up a trade with the East, and shipped oi< 2 r )th Maich pei Nightini-ale, for Hong Kong, 1054 ozs. Which at fiss. per ot.. gives £0,375 10 0 Add pie vious export £1,120,317 5 7 Total shipped to this date £1,130,092 15 7 Exchange on London- Diafts agaiust gold, 8 per cent, discount. Fi tight £ per cent. Gr.os.GE A. Lloyd. 474, Geuige-street, March 27.