THE CALEDONIAN MINE.

Westport Times, Volume V, Issue 804, 20 April 1871, Page 2

THE CALEDONIAN MINE.

To-morrow the Caledonian mine pays another dividend of £36,600, or £l2 per share, making in all a sum of £47 10. per share paid by this claim in dividends during the months of February and.March, if we except the first dividend of ten shillings per share paid in December last before the company came upon the present run of gold. And not only has the claim given so large a profit for working, but there is every appearance, and, so far as mining experience can predict, every certainty of its con. tinuing to do so for a long time to come. The claim, as has been recently shown, in oppositition to the statements made by certain parties interested in giving the shares a downward tendency, has been fairly and systematically worked, and the results of the past fortnight fully bear out the statement of the manager, which we recently published. Such a yield is, probably, unparallelled in the history of mining on any goldfield, and speaks more eloquently than words can do as to the prospects of the goldfield ■ generally, and the advantages it holds ■ out to steady, systematic mining. Like! the Long Drive, the Caledonian had! long to wait for the turn of the wheel;l but it came at last, and so, doubtless, it ■ will be with hundreds of claims upoal the field, when the works upon them H have been prosecuted with the samel perseverance and skill. There are more M Golden Crowns and Caledonians toRJ be met with—probably far more thai! the most sanguine look for,—but iti*H only as the field becomes I developed, and mining is carried onassfl business requiring capital, skill, andjH ploddiug industry, that these results H will be achieved. Could such a goldH field as the Thames be set down within ■; a hundred miles of Melbourne, it would Mr become the wonder of the world. P| " New Zealand Herald " B