DEPRECIATION IN THE VALUE OF COLLIERIES.
The striking depreciation in the value of collieries m North Wales was illustrated at Chester on Monday, when Messrs Churton Elphick, and Co. offered for sa'e the Flint Colliery, situate near Flint, with the branch railway and sidings to the Holyhead line, in full work, and now raising from the Brassy thick coal ana sft seame 800 tons of good coals per week. In addition there is a cannel seam partially worked, ard the lower 4ft seam intact. The coal mines under a surface area of 820 acres are held under leases and and take notes for terms having upwards of 18 years to run at minimum rents. There are three shafts geared for winding, and fitted with three high pressure winding engines and 100-horse power pumping engine, with seven steam boilers. The auctioneer said a short time since L 35,000 was offered for the property. The bidding commenced at £SOO and proceeded by increments to £ISOO, £2OOO, £2700, and £2BOO. At this price no further bids being obtainable, the colliery was withdrawn.
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Temuka Leader, Issue 1041, 9 December 1882, Page 3
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179DEPRECIATION IN THE VALUE OF COLLIERIES. Temuka Leader, Issue 1041, 9 December 1882, Page 3
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