WORKSOP GOLD DREDGING COMPANY.

Wairarapa Age, Volume XXXII, Issue 9566, 12 August 1909, Page 6

WORKSOP GOLD DREDGING COMPANY.

The following is the report of the directors of the Worksop Gold Dredging Company, Ltd., for the period ended June 30th, 1909:—Your directors have pleasure in submitting to you the second annual report and balJance sheet for the period ended June 30th, 1909. The amount of gold won during the period was 2,4700z Bdvt., yielding the sum of £9,515, and the dividends paid to June 30th, 1909, amount to Is per share, which absorbed the sum of £3,600. Since date of balance sheet, two dividends of Is each have been paid, making a total of 14s per share. Tha Reserve Fund, which stood at £2OO on June 30th, 1909, has been increased nd now stands at £4OO. On reference to the balance sheet and profit and loss account it will be seen that the year commenced with a debit balance of £283 Is sri, and after writing off all preliminary expense amounting to £245 5s Sd a<,d £2OO/)ff claim the bub-nice standing to credit of Profit and Loss Account at June 30th last was £991 lis 7d, which must be considered a very, satisfactory state of affairs. The directors who retires by rotation is Mr J. Hessey, who, with the auditor, Mr A. Hathaway, are eligible and offer for re-election.