SOMETHING LIKE A MINE.

Wairarapa Daily Times, Volume 2, Issue 169, 26 May 1879, Page 2

SOMETHING LIKE A MINE.

The Queen's Birthday Company, at Dunolly, ia somotliing like a mine. The last fortnightly return is 697 ozs. With 045 ozs. already in hand, the directors (says the Bendigo Independent) will be able to declere a dividend for the month of 15s per sharo, dqnal on the 6,000 shares to £4,500. This added to the immense sums already paid, makes since the reef (between 200 ft. and 400 ft.) was' first struck, an amount of about £23 per slilK, or £128,000 for eighteen months' workSflfta shares are now worth £l3, at the lowest calculation, so that besides the dividends already banked, the shareholders, if they like to go into the market, can exchange for another sum of £78,000 in cash. Tho mine is in the hands of comparatively few holders. The largest interests are held locally, next in Ballarat, a few in Melbourne, and, it is believed, none in Sandhurst, though many months ago the leading speculators there paid the mine some attention, but, unfortunately, were afraid to invest. Two years ago thousands were forfeited and sold for non-payment of a half-a-crown call.