MOANATAIARI GOLD MINING COMPANY
HALF-YEARLY REPORT In presenting a report and balance-sheet for the six months ended March 31, 1928, the directors of the Moanataiari Gold Mining Co., Ltd., state that financially the period under review has been troublesome owing to commitments made in previous years regarding the purchase of the Moanataiari battery, nd which have had to be met out of ioney received from calls. The board has made arrangements which permit mining to be carried on during the period of completion of these payments. Negotiations have already been opened with the Mines Department which appear to have every chance of coming to a successful termination, and in which case it will be possible to put on a full mining programme again. During the period under review the company crushed SO tons of ore, 3801 b of stone showing dabs and colours of gold, and 141 b picked stone for a return of 720 z 16dwt of melted gold, value at £387 4s 7d. The director to retire by rotation is Mr. J. W. Coleman, who is eligible and offers himself for re-election. The balance-sheet shows an overdraft at the bank of £BOI 7s 2d, and uncalled capital on the new issue of shares of £8,750.
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Sun (Auckland), Volume II, Issue 370, 2 June 1928, Page 12
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207MOANATAIARI GOLD MINING COMPANY Sun (Auckland), Volume II, Issue 370, 2 June 1928, Page 12
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