} 
C.—3c. 10 
Date and Year ending 
Tons 
of Quartz 
crushed. 
Yield of Gold. 
Value. 
Value per 
Ton. 
Dividends 
paid. 
Tons. 
Oz. 
dwt. gr. 
£ 
S. 
d. 
£ 
s. 
d. 
£ 
Half-year, Nov., 1883 ... 
1,160 
341 
2 
0 
1,334 
11 
0 
1 
3 
0 
30th May, 1884 
4,750 
1,430 
15 
0 
5,582 
0 
7 
1 
3 
6 
„ 1885 
4,000 
1,022 
rr 
1 
0 
3,963 
6 
5 
0 
19 
10 
1886 
606 
180 
6 
9 
663 
10 
5 
1 
1 
10 
„ 1887 
1,556 
1,185 
17 
12 
4,679 
10 
2 
3 
0 
1 
„ 1888 
6,530 
4,831 
16 
0 
19,055 
17 
6 
2 
18 
4 
11,250 
„ 1889 
8,295 
4,084 
9 
18 
16,134 
14 
10 
1 
18 
10 
3,600 
„ 1890 
8,242 
4,699 
12 
12 
18,532 
12 
3 
2 
4 
11 
4,950 
„ 1891 
7,439 
4,458 
9 
9 
17,652 
12 
0 
2 
7 
5 
10,350 
„ 1892 
9,800 
5,050 
12 
12 
20,472 
13 
0 
2 
1 
9 
8,100 
„ 1893 
9,292 
3,434 
18 
9 
13,857 
17 
1 
1 
9 
10 
1,800 
„ 1894 
6,135 
1,965 
3 
8 
7,914 
11 
10 
1 
5 
10 
„ 1895 
4,535 
1,411 
2 
18 
5,721 
18 
0 
1 
5 
2 
31st August, 1895 
1,098 
751 
7 
13 
2,717 
4 
11 
2 
9 
0 
Total ... 
1 
73,438 
34,848 
0 
0 
138,283 
0 
0 
1 
17 
8 
40,050 
Taking this company’s balance-sheet for the year ending the 30th May last, it shows that 
72,340 tons of stone had been raised from the mine and crushed, and that the total expenditure in 
connection with the mine and crushing battery was as follows :— 
£ 8. d. £ s. d. 
Mine and battery expenditure (13 years) ... 88,810 15 5 = 1 4 6-6 per ton. 
Eent and taxes... ... ... ... 2,657 19 10 = 0 0 8-8 
Office-expenses... ... ... ... 4,162 6 1 = 0 1 1-8 
Total ... ... ...95,631 1 4 = 1 6 5-2 per ton. 
For the first four years the company expended nearly £15,000 of its capital without having got 
any return. A considerable amount of work was done, and gold obtained to the value of £11,543, 
but this was not sufficient to cover the expense of workings. Jlining operations w-ere therefore 
suspended for a considerable time, and prospecting carried on at the surface, where an outcrop 
of auriferous stone w-as found to the west of the ground formerly held in mining leases. A parcel 
of about 86 tons of stone from this outcrop yielded 175oz. gold. This discovery led to the 
special claim being taken up, and the workings confined for a time to this portion of the pro¬ 
perty. 
Workings were at first carried on from adit-levels, hut after the discovery of the new lode a 
shaft was sunk, which is now down to a depth of 835ft., and six levels have been opened out from 
the shaft. The line of lode has been traced for neariy 3,000ft. in length, having several blocks of 
stone varying in length from 142ft. to nearly 300ft. 
At No. 1 level, which is 160ft. below the surface, the block of stone was 179ft. in length, 
having an average thickness of about 12ft., which has been taken out to the surface. This 
is termed “the Middle Block.” On extending the level 150ft. to the eastward, another block of 
stone was discovered, which proved to be 200ft. in length, having an average thickness of 6ft. This 
is only partially taken out. 
On the No. 2 level, which is 285ft. below the surface, the middle block of stone was 182ft. in 
length, having an average width of 12ft., the whole of which has been taken out. This level was 
extended for a distance of about 500ft. in a w-esterly direction, when it cut what is termed 
the Dam Block, which was 180ft. in length, having an average width of 12ft. This has also been 
taken out to the surface. This lode was underlaying into the Progress, which is the adjoining 
claim, and work on it was accordingly discontinued. 
The No. 3 level is 385ft. below the surface, and the Middle Block is worked from this level to 
the one above. It was 184ft. in length at this depth, and still retained an average width of 
12ft. This level was extended to the East Block, but only a small portion of it was wmrked. 
At the No. 4 level, which is 510ft. below the surface, the Middle Block was 142ft. in length, 
still retaining its average width of 12ft., and the whole of the stone taken out. There has not 
been any work done on any other block of stone at this level. 
The No. 5 level is 635ft. below the surface from which the whole of the Middle Block has been 
taken out, it being at this depth 148ft. in length, having an average thickness of 10ft. On extend¬ 
ing this level for a distance of 50ft. in an eastward direction another lode was cut, and this has 
now been driven on for a distance of 40ft., having a width of 10ft. in the face. Its length has not 
yet been determined, neither is it known what distance'it will go upwards. 
At the No. 6 level, which is 835ft. below the surface, the first block of stone is 180ft. in length, 
when it went into the Progress ground, having an average width of 15ft. In extending the level 
in an easterly direction, the lode referred to in No. 5 level as being newly discovered was cut at 16ft. 
distant from the east end of the oth^ block, which has an average width of 6ft.; but the length of 
this block has not yet been determined. It has been driven for a distance of 120ft., and at this 
level stone still continues in the face._ A winze has been commenced from this level on the large 
block of stone, which shows gold as it goes down, but the sinking here has recently been discon¬ 
tinued owing to the company having placed the mine under offer to Mr. D. Ziman to purchase. 
\ 
