19

a—4

This statement shows that the sales of water for the year have yielded £1,027 17s. Bd., as against £801 Is. for the previous year; while the expenditure was £1,061 9s. 5d., as against £1,089 2s. Bd. for the former year : showing a loss on the working last year of £33 lis. 9d. The outstanding moneys at the end of last year amounted to £1,346 4s. Id., while at the end of the previous year the amount of arrears was £1,346 4s. Id. The average number of men employed in working claims with water from this supply last year was 130, and the approximate quantity of gold obtained by them was about 2,5000z., representing a value of £9,375 ; deducting the value of the sales of water from this amount it leaves the average earnings of the mines at £64 4s. 2d. per annum, or £1 4s. Bd. per week. Summary of Water-races. The following statement shows the collateral advantages of the working of the whole of the water-races, namely, the value of the duty paid on gold, and the actual profits or losses on the working. The duty on gold was payable up to the end of the year ending the 31st March last, and is therefore added as part of the actual profits; but after this period the payment of duty on gold ceased in the Middle Island.

Statement showing the Profits and Losses on the Working of the Water-races for Thirteen Years.

* Shows a loss on the working. This shows that the total cost of constructing these works was £350,439 65., and that during the thirteen years these water-races have been in existence the profits accruing out of sales of water and gold-duty amount to £65,967 17s. 3d. Only one of these water-races —namely, the WaimeaKumara—has paid anything towards the original cost during the last year. This race has returned nearly 4J per cent, on its original cost of construction,

Months. Sales of Water. Cash received for Sales of Water. Expenditure. Amount of Outstanding Moneys at End of each Month. Number of Men employed. o Value of Gold. 1890. January February March April May June July August September .. October November .. December .. £ s. a. 79 19 0 8 15 0 50 9 8 103 15 10 73 6 7 70 1 3 7 5 0 48 5 10 119 4 8 193 11 4 173 2 3 100 1 3 £ s. a. 110 1 0 82 19 0 65 14 0 61 1 7 50 14 6 3 10 0 94 11 10 29 17 8 38 5 8 99 13 2 43 8 5 145 14 1 £ s. d. 91 39 10 186 16 7 75 5 0 81 18 0 70 13 4 68 17 4 46 15 9 95 11 9 97 8 0 106 4 4: 70 17 6 69 2 0 o v <u u jjjjii grift*!" C* m Q) &5 g o g 3 w d q . E Oz. 250 200 210 200 150 100 30 300 300 320 440 £ s. d. 937 10 0 750 0 0 787 10 0 750 0 0 562 10 0 375 0 0 112 10 0 1,125 0 0 1,125 0 0 1,200 0 0 1,650 0 0 Totals 1,027 17 8 825 10 11 1,061 9 5 2,500 9,375 0 0

Name of Water-race. Value of Sale of Water, including Value of any Gold obtained. Expenditure. Profit or Loss on Working. ad y< s »l 18 •«!.o $-3 "9 ° as Ph O Value of Gold obtained. Duty received on Gold obtained. Total Profit or Loss, with Value of Gold Duty added. Total Cost of Construction. Waimea-Rumara Water-race and Sludge-channel. welve years ending the 31st March, 1890 Year ending 31st March, 1891 £ s. d. £ s. a. £ s. d. Oz. £ s. d £ s. £ s. d.i £ s. d, 101,751 5 10 10,085 19 10 08,891 G 11 3,807 8 7 32,859 18 11 6,278 11 3 393 242 194,273 13,007 724,329 15 3 49,426 12 0 19,427 6 1,300 14 52,287 4 11 7,579 5 3 Totals 111,837 5 8 72,698 15 6 39,138 10 2 381 207,280 773,756 7 3 20,728 0 59,866 10 2 179,248 16 Nelson Creek. Twelve years ending the 31st March, 1890 Year ending 31st March, 1891 5,784 0 8 "273 4 8 16,793 15 7 570 5 0 14,183 0 11 939 19 8 2,610 14 8 *369 14 8 53 2K 31,733 965 121,378 14 6 3,691 2 G 3,172 6 96 10 Totals 17,364 0 7 15,123 0 7 2,241 0 0 ;>:-) 32,698 125,069 17 0 3,269 16 5,510 16 0 90,722 10 Argyle. Twelve years ending the 31st March, 1890 Year ending 31st March, 1891 1,245 0 11 •311 17 0 5,288 16 0 242 0 10 4,819 9 1 635 18 6 469 6 11 •393 17 8 17 19 7,757 283 29,649 1 0 1,089 11 0 775 14 28 6 .. I Totals 5,530 16 10 5,455 7 7 75 9 3 17 8,040 30,738 12 0 804 0 933 3 11 14,701 15 3 Mount Ida. Twelve years ending the 31st March, 1890 Year ending 31st March, 1891 *559 1 1 216 8 3 16,716 8 2 1,027 17 8 20,201 11 8 1,061 9 5 *3,485 3 6 33 11 9 101 130 29,261 2,500 110,805 10 0 9,375 0 0 2,926 2 250 0 Totals 17,744 5 10 21,263 1 1 3,518 15 3 106 31,761 120,180 10 0 3,176 2 *342 12 10 65,760 3 8 Grand Totals 152,476 8 11 114,640 4 9 37,836 4 2 557 279,779 1,049,745 6 3 27,977 18 65,967 17 3:350,439 6