TARANAKI OILFIELDS, LTD.

Sun (Auckland), Volume III, Issue 807, 30 October 1929, Page 10

TARANAKI OILFIELDS, LTD.

Press Association GISBORNE, Tuesday. Taranaki Oilfields. Ltd., report for the week ended October 26: No. 2.—Derrick approaching completion; progress retarded by bad weather; now placing heavy , machinery in position. • Kotuku No. I.—Test-hole drilled to 420 ft in soft blue shale; caving in | badly. MINING NEWS . OCCIDENTAL UNA. The manager reports: ••During' the week work has been confined to stoping on the hanging wall leader north-west of shaft. The leader will average about Din in thickness and the quartz is very heavily mineralised, and during the week at each breaking down strong dabs and colours of gold were to be seen in the stone broken, and by indication this leader should make better gold at any time. The country rock through which the leader is traversing is all that could be wished for.” NEW WA lOTA HI. The manager reports:—“Since my last report the coni tractors for the advancement of the crosscut that is being driven to Intersect the Caledonia No. 2 reef state that it has been advanced a further distance of 16ft. thus making the total distance driven since the contractors started 76ft. 3 he channel of country rock in face at present is a decided change for the hotter, being a nice mild andesite with numerous small heads traversing through it and favourable for the existence of leaders and reefs. During the week we « iit the top of an old stope at floor of 1 evel which was worked on a small seam with quartz in it about Ift 2in wide.” FOREIGN EXCHANGE RATES British Official Wireless Teod. 11 a.m. RUGBY. Tuesday. The following rates on foreign ex- • binges arc current todays compared v Ith those of October 24 and par:

Oct. 29 Oct. 24 Par. Montreal, dol. 4.9Si New York, dol. 4.S7 15-16 4.95* 4.88 1-32 4.S66 4.S66 Paris, fr 1,23.83 123.855 124.21 Brussels, belga 34.865 34.875 35.00 Geneva, fr. .. 25.17 25.17 25.22 Amsterdam, fl. 12.09 1-8 12.09 7-S 12.107 Rome, lire .. 93.12 93.105 92.46 Berlin, r.m. .. 20.38 20.405 20.43 Stockholm, kr. . 1S.16J Oslo, kr 18.20 18.155 18.205 18.159 15.159 Copenhagen, kr. 18.20 IS. 205 IS. 159 Vienna, sch. .. 34.71 34.71 34.5 Si Prague, kr. .. 164’. 164? 24.02 Helsingfors, m. 194 1-S Madrid, pes. .. 34.06 Kisbon, escu. .. 108.25 194J 31.20 108.25 193.23 25.221 Athens, dr 375 375 375.00 Rukarest. lei. . 816 SI 7 R. de Jan., in. 5 37-32 ~ 1* Ayres, dol. . 4GJ 47.577 Calcutta rupee 17 13-16 17 37-32 1 Sd Shanghai, tael . 26* I long Kong. dol. 20? Yokohama, yen. 23 23-3.2 23 17-32 24.58(1 > ' ' .a. .. — 12.14 12.107