MINING COMPANY.
The ninth annual meeting of the Moanatiri took place to-day. There was a large attendance. The report showed 10,770 tons crushed during the year, yielding 33,125 ounces, and realising LBS/J74. At the end of. the previous year the company owed the bank and other creditors L 55,881; theindebtedness
has been paid off, and the sum of L 53,940 distributed in dividends, while a further sum of L4OOO has been invested as a reserve fund, leaving a balance in hand of £,6818 nett profit for the year. "The report was adopted, and L 250 voted to the directors.
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Bibliographic details
Oamaru Mail, Volume I, Issue 345, 1 June 1877, Page 2
Word Count
99MINING COMPANY. Oamaru Mail, Volume I, Issue 345, 1 June 1877, Page 2
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