DIVIDENDS TOTAL £200,000.
ORIGINAL CAPITAL OF £3OOO.
After a career of 25 years, the Montana mine at Zeehan has closed down. The Montana Company paid £200,000 in dividends, £500,000 in wages, and £12,000 in improvements, besides having a reserve of £16,000. The whole-” 1 of the money originally subscribed was only £3OOO, all tho balance having come .out of the mine.
In the face of such a phenomenal record, the English directors would not sink below the 800 f«et level, even though the concensus of geologic opinion is that the silver-lead veins of the Zeehan field are of deep-seated origin.
Recently the manager of the mine waited on the Minister for Mines, Mr Ogden, and offered to hand over the whole of the plant, provided the Tasmanian Government undertook to sink and develop the lower levels to prove the existence of ore at a depth. The Minister would not entertain the proposal.
This marks the closing down of the last company-owned property on the Zeehan field. Zeehan is now a tributers field solely. *
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Stratford Evening Post, Volume XXXIX, Issue 33, 30 May 1914, Page 5
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173DIVIDENDS TOTAL £200,000. Stratford Evening Post, Volume XXXIX, Issue 33, 30 May 1914, Page 5
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