AFRICAN DIAMOND MINES.
A recent number of the Por 1 ; Elizabeth Telegraph gives an account of the operations of the De Beers Consolidated mines for 15 months ended 30tli June last. The magnitude of the concern is shown by the fact that during the period mentioned, no less than 3,338,553 loads of blue ground was treated for a yield of 3,035,451 carats of diamonds, which realised £3,031,042. The total expenditure amounted to £2,794,234 so that there remained a profit of £1,137,303 on the operations for that perfod. A balance of £377,532 is carried forward, and a reserve fund of £621,12S has bceu created and invested in English stocks The company has a national'significance, for of the millions of money raised by the Cape Government for railway extension the company contriouted one-fourth, and besides the previous large investments in Chartered Company stock another £IOO,OOO has been lent at G per cent. Out of its affluence the compiny has voted £IOOO to the Kimberley Hospital, £250 to the Kimbcrlt-y Public Library, and £250 to Ihe Kimberley Nazareth House.
Permanent link to this item
Hononga pūmau ki tēnei tūemi
https://paperspast.natlib.govt.nz/newspapers/WT18930110.2.24
Bibliographic details
Ngā taipitopito pukapuka
Waikato Times, Volume XL, Issue 3205, 10 January 1893, Page 2
Word count
Tapeke kupu
176AFRICAN DIAMOND MINES. Waikato Times, Volume XL, Issue 3205, 10 January 1893, Page 2
Using this item
Te whakamahi i tēnei tūemi
No known copyright (New Zealand)
To the best of the National Library of New Zealand’s knowledge, under New Zealand law, there is no copyright in this item in New Zealand.
You can copy this item, share it, and post it on a blog or website. It can be modified, remixed and built upon. It can be used commercially. If reproducing this item, it is helpful to include the source.
For further information please refer to the Copyright guide.
Log in