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MINING IN TASMANIA.

The “ Launceston Examiner” of Dec. 33 contains some items which show that gold and tin mining, especially the latter, have assumed important proportions in Tasmania. • Among the items relating to gold mining are the .following.— The New Chum Company (Lefroy) have deqlared a dividend (the 18th) of 4s per share. The total amount of this dividend is £2OOO, and the tax payable on it £75. The Company have now declared in 18 dividends £5 13s per share, making a total of £56,500. It is mentioned that 750 tons of stone from this mine yielded 1000 ounces 10 dwts. of gold. The West Now Chunr Company (Lefroy) have declared a dividend.the eighth, of 10s per share. The total amount of this dividend is £SOOO, the tax payable on it £312 10s. The Com pany have now declared in eight dividends £ll9s per share, making a total of £19,500. But the gold-mining returns are quite eclipsed by those of some of the tin mines, as witness the following :—“ It was thought a grand thing for the share holders and the colony when the Mount Bischofl; Company began declaring dividends of 10s per share monthly, but after declaring two of 10s each at intervals of only three weeks it has three weeks after the last dividend declared another, the,4oth, of £1 per share. The amount of this dividend is £12,000, and the tax payable on it £450. The Company has now declared in 40 dividends £2l per share, making a total of £262,000, or over a quarter of a million sterling paid j away since the declaration of the first dividend on January 31 1878.”

Permanent link to this item
Hononga pūmau ki tēnei tūemi

https://paperspast.natlib.govt.nz/newspapers/SCANT18820112.2.13

Bibliographic details
Ngā taipitopito pukapuka

South Canterbury Times, Issue 2747, 12 January 1882, Page 2

Word count
Tapeke kupu
275

MINING IN TASMANIA. South Canterbury Times, Issue 2747, 12 January 1882, Page 2

MINING IN TASMANIA. South Canterbury Times, Issue 2747, 12 January 1882, Page 2

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