WAIHI MINES
SHILLING PER SHARE DIVIDEND DECLARED. Press Association. AUCKLAND, January 25. The management of the Crown mine at Karangabako has decided to reduce the number of men employed by sixty, and to discontinue all unremunorativo development work. Tbo Waihi Company has declared a dividend of a shilling per share. The comgaay has issued a circular stating that in consequence of the development work having been delayed by the strike it is inadvisable to attempt to .increase the output beyond about 15,oUO tons each, four weeks. This it is estimated will yield £25,000 and support tho quarterly dividend of a shilling per share. The Grand Junction superintendent has cabled to London that tho mill is running two shifts per day, and that there will bo no clean up earlier than tho. end of February. Good progress is being made with the unwatering of the mines; and that a threo yeiys’ agreement has been made with me Ohinemuri Mines and Batteries’ Union.
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New Zealand Times, Volume XXXVII, Issue 8339, 27 January 1913, Page 7
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161WAIHI MINES New Zealand Times, Volume XXXVII, Issue 8339, 27 January 1913, Page 7
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