TELEGRAPHIC.

Wairarapa Daily Times, Volume IX, Issue 2822, 14 February 1888, Page 2

TELEGRAPHIC.

Bicycle Record Broken,

Chhistchuhch, February 18. One thousand people were present at Lancester Parle this evening to witness Wood and Brown's final performances on the cycling track. Brown beat Bean in tlio three-mile scratch race by about a yard. Time lOmin 7 sees. Wood broke the record for a quarter of a mile on grass by 39secs, doing it in 87min 2-osecs, He attempted to break the record for ten miles on grass in 82min 26secs, but failed, doing the distance in 84min 6 l«sseo.

of the Broken 'Hill, it. has converted the wilderness, hundreds of miles away, into, a flourishlng settlement) a Bheep run into a busy acid most important mining centre and directed the attention of the whole world to its importuned. The ores are divided into three classes—the first class averaging from 350z to 60oz to the ten, the second class from 20 to 250z and I the third class from 10 to 20oz, with j an'associate of about 20 percentof lead, which yields of fine silver 60 per pent to tlie ton of bullion. The weokly output is about 1000 tons. The quantify of ore proved, down to the water level, is over 700,000 tons of an estimated value of over four millions sterling, The number of hands employed is over 700. The. capital of the.Corapany consists of 16,000 shares of £2O each, on which £l9 per share have been paid, representing a total p<iid up capital of £804,000, which was spent in thoroughly opening up the mine by the sinking of various shafts, extending levels, erection, of machinery, and therein lies the practical secret of the success that followed. The sliare3 are now quoted at £250 each. In two years, dividends of nearly £200,000 have been paid to the lucky shareholders, besides other large dividends arising from'the sale of certain portions of the property to other Companies lately floated' in England. These extraordinary results should certainly prove an incentive to all engaged in similar pursuits, and especially to any Government imbued with a true spirit of colonisation..