THE WEEK.

Thames Star, Volume VII, Issue 2497, 6 January 1877, Page 2

THE WEEK.

The past week has been almost wholly devoid of incidents, and those that have occurred are not of much moment. In the Ohinemuri district work has been entirely suspended during' the holidays, and even now few, if any, have started— at least no advices of mining news have been received during the week. The Waio-Karaka is the only district in which work ha"s been entirely resumed. The Queen of Beauty, now one of the most promising mines on the field, is pushing on the operations for the extension of the new level, and few persons with any knowledge of mining matters at all have any doubt that before this year gets much older, it will ■ become a source of profit to the shareholders. The crushingS' from the level at present being worked have gone far to liquidate the debt, and assuming that the new level is like the present one a few crushirigs ought to put the mine in a position for paying dividends. In the Queen of May the construction of the, new level has also been rapidlypushed forward, and. the drive.; from the winze and the drive from the shaft were connected on Thursday evening last., Great expectations are being formed concerning the richness of the new level, and there is little doubt but that they will be fulfilled. The manager of the Piako will soon be in a position to open his new level, and restart the ■ large battery. There is sufficient stuff to keep the small one going. The Crown Princess has not yet started, but will do so on Monday next.. Mr Ogle, the manager under whose control it has been for several months, having resigned, another manager will shortly be appointed. There is no doubt but this mine is really a valuable mining property, and it is to be hoped that this year operations will be carried on on a! larger scale than hithefto. Of the New Exchange mine very little is heard now-a-days. This is strange, for if.the Crown Princess can be worked profitably, surely it, with all the lodes the Crown Princess has, could be made remunerative. In the Moanatairi mine during the week, work has been more generally started, though several parties have not yet returned to their claiths. Several mines in the Karaka district are doing very well. '