MINING IN VICTORIA.

New Zealand Times, Volume XXXII, Issue 4952, 5 February 1877, Page 3

MINING IN VICTORIA.

Reviewing the history of .the mining; interest, at Bendigo during 1876,;the Advertise)] says:— "The last year's work shows decrease upon i that very'dull year 1875'0f 20,076 pzs., and ;this would.be:a fact" sufficient to causa seriousmisgivings In the. quartz reeftr's mind were there' notion the other hand, the cheering :trath:that*thPugh" actually won from the, earth, <the largest percentage for ' the last :fouriy)eara"o][_dividendfl...per. cjompany lias been .paid. This ( ia a, very j important matter, and contains much that is cheerful to the investor in mines., pf an allowance made for dividends'from private claims, trie total "net profits 5 of the year. r m 76,.are, £40ii695, as' aga'ihst '£342;856 for 187)5," or in other words; "though duringthe last s jear we have obtained; 20,000 ozaUlees gold •'from our ■ mines than .before; yet we*' Tiave- .feeeni able -1»'declar^ ! :£l6l,B3o^more'rin''dividends. VFrbni this point 'of ; view'thete ! cah'' be ho question that the statement .for the year,isja most satisfactory brie, but,there are other jfeatures inlit far from being so.'' Thus,' for instance, .we will allude to what is already known-j-the; decrease in thejyield of gold, Eor this no suffi- • 'cient cause is assigned.' ! It isnipt shown that)' ; thejquartz retiently broken is'poorer'inj its.qua-,, lity or mo'rVexpeiisive to wprk; l»u l t, on jthe.contrary, we belie vethat' the cost of breaking, raising and crushingiETias been less.per to^ than at any .'fcio'wn time b'eforej ! also ' that the Average %f" gold "per• I t , on l is ! b l igheif. ,l ;'l£ is"hbti in,.any. > ; of these i 'iavi|e¥that'thedeefeisf must' bp Jpolied;; ! fpr,>"but' ifi'what' th'e'\a'diiiMlattoviiJtJof.wbrk : done in' tour'"mine's 'iflipuntb • t#, witk:forme'r , aeko'dk^^ , We ; b'rfieve;tba6 : neyei'' during -'the 'Est-'fiye )jas 'Jtherei beensoi .little' ;done has the"' i ca.ll list tJeeh''s3 of last:: year 1 it is oplyabput half of'what' it was for si* -months'only m ; 'l'Byi' ! a ; n'd u i r can be such a thing as cf shareholders irTcalls 'and squandering the: moneys but? really I 'f3i \lß76fthere .only what"^/ishbuldl'bq^^butpan '— £104,007446' ;exppn<r' upon , prospering ojferatioijs {Han extensive'wartz'field, j That 0 ! |fe; dist'rjc£'sb"f'ar' asifa future' projects are concerned, is sound- and\healthy : '\ve have iio' obhbt, nor haveV witti, a few exc'ept'bijsj others; ' but if We, want .to 'brighten, thern'up we must /put' more 'energy'.into o^ir''work,' than has 'bl'en during'.'the lasl;]y,ear; ahdJ6'.'' : rnemb'e , rtiiis ) ; If all.thf 'gpld, Vhtfe it lasts, is' paid awaym" dividends'; it .mpsfj be expected * that caljs°will 'haye J ,t<S> h<3' is her •'gold getting. 'that .only 7 2Mi#07 t Have fe&Kpai&in'io the ' mines : : durin^''the actual "profits have been distributed,'''and"that|f pr_this_ paltry'oiitia'j'of £lo4,oo7in;calls; ; 2!r4j,9BlbZ3.;of gojd 'hVe been •obtained,' or .equal,' in round numbers'^'to' jei;o96,opO,*Weaith distributed in the district.". "'With,' suchßesult's;.'vpho will.say t mining jjbes not jay.'/pc brjghtnessJt. may npt again hand?". " " '... r ' • V, ~.,,-.-, ~. ■.:...,„']■