Jinbao 0-18971
the mine
shares will
Tran Tf I notice that
tons by the calome process vielded 651 ounces of geld. Is | to be fine gold, may ask?. CHAIRMAN The gold obtained by alcination averages 138. per ounce in value, eas that won by the oyanide process is
21-183 on the average.
ptain THLETT What I was going to say is that 227 tons have yielded 651 ounces of gold, hile the cyamide process only gives us 609 ounces; so it looks on the face of it as if calcining was the cheaper process.
કાકાન
A The OHAIRMAN --- You could only treat con- centrates by that process, because concentrates contain 24 to 3 ounces per ton, whereas tail ings contain only 9 to 10 dwt., so that their treatment by calcination would be very costly and yield no return. If there are no more questions I will now move the adoption
the report and the statement of accounts. Mr. BAIN-Gentlemen, I have great plea- sure, after the exceedingly satisfactory report
one point about which I noted was the cautions manner in which it was handled- after the satisfactory report I have very great pleasure in seconding the proposition of the Chairman that the report and the accounts be passed. I think we may all con- gratulate ourselves that we have at last come to the basis of payment, for which the shareholders have waited such a long time.
Carried.
1
(CHERN ÖVTHHAJID/TRADE REPORT!.
Captain TILLETT-I have very much plea- gure in proposing that the retiring directors, Mr. D. Gillies and Mr. W. R. Loxley, be re- elected as directors.
M. GEORG-I have much pleasure in se- conding that proposal.
Carried.
Mr. HORNKE—I have much pleasure in pro- posing that the appointment of Mr. C. A. Tomes as director be confirmed.
Mr. HART BUCK seconded. Carried.
Mr WICKING proposed the re-election of Messrs Fullarton Henderson and W. H. Gaskell as auditors.
Mr CLEMENT seconded. Carried.
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The CHAIRMAN-I am sorry, gentlemen, that the dividend warrants will not be ready so early as we would have liked. There has been a very large amount of work in making the necessary transfers and the staff of the Company have not been able to finish that work yet. However, immediately the register has been closed and the transfers fully entered up the warrants will be issued and they will be ready for the shareholders, we hope, in the early part of the week. Gentlemen, I take this opportunity of thinking Mr. Murray Bain for the kind re- marks he has made in connection with the Panjom Company. I am sure we all concur in what he has said. We are all pleased that the Company is making some progress and that the stage has now arrived when we are able to pay a dividend. I have to thank you all, gentlemen, for your attendance here to-day, and I hope that at our next meeting we shall have an even more satisfactory report to present. (Applause).
THE NEW BALMORAL GOLD MINING ________ COMPANY, LIMITED.
duced from
of
.00 each
and that such rednotion. cted by cancelling Capital which has been lost or n resented by available assets to the extent of $2.00 upon each of the 50,000 | New¬Xẻ shares which have been issued and by reducing the nominal amount of all the shares in the Company's Capital from $3.00 to $1.00 per share.
MF. RUSTOMJER seconded. Carried.
The CHAIRMAN-I now propose that the second resolution be confirmed :——
2. That the Capital of the Company after having been reduced to 850,000 be increased to $125,000 by the creation of 75,000 new shares of $1.00 each to be called “Preference Shares to which there shall be attached the special rights and privileges following that is to say
(i.) The holders of such preference shares shall be entitled to receive out of the profits of the Company as a first charge a cumulative preferential dividend at the rate of 12 per cent. per anṇum on the Capital paid up on such shares respectively. (ii.) Whenever the profits of the Com- pany in respect of any year shall be more than suficient to pay the preferential dividend aforesaid to the close of such year and also a dividend for such year at the rate of 12 per cent. per annum on $50,000, the Capital of the ordinary shares, the holders of the preference shares shall be entitled to participate in the surplus pari passu with the holders of the other shares. (iii.) The Capital paid up on the pre- ference shares shall not be liable to cancel lation or reduction in respect of loss or depreciation.
(iv.) In the event of the winding up of the Company the holders of the preference shares shall be entitled to have the surplus assets applied, first in paying off the Capital paid up on the preference shares held by them respectively, secondly, in paying off the arrears (if any) of the preferential dividend aforesaid to the commencement of the winding up, and thereafter to parti- cipate rateably with the holders of other shares in the residue (if any) of such surplus assets which shall remain after paying off the Capital paid up on such other shares. Mr. KELLY seconded. Carried.
extend
the
association, appoint
Mr. Wilmer, Harris on the the company and is will rest with the rhareb meeting and also aud next meeting to the 30th of position to repo
lay before
the scoot
detailed
Izdo
been made, and to giv of the company's wor that anything more can be usefully said meeting, but I shall be happy to answer any questions that any gentleman may have to ank (After a pause.) -- As there appear to be no questions I thank you, gentlemen, for your attendance. That concludes the busines the meeting:
of
RAUB AUSTRALIAN GOLD MINING
CMPANY LIMITED
An extraordinary general meeting of share holders of the Raub Australian Gold Mining Company, Limited, was held at Brisbane.on the 4th December. The Hon. R. Philp, M LA. presided, and 260 shareholders were present either personally or by proxy. The me had been called in pursuance of a resolution passed at the annual general meeting of the company, held on the 22nd May last, for the purpose of eliciting an expression of opinion from shareholders as to the nature of the in- creased crushing plant it was contemplated pur- chasing, there being a difference of opinion be tween the Singapore board and the Brisbane board.
The Chairman made the following state- ment:-You will remember that at the annusl general meeting of the company, held on the 22nd May last, a discussion took place anent an increased crushing plant for the mine, and that whereas the Singapore board recommended an immediate increase of 100 stampers, worked by
The CHAIEMAN-That concludes the business electricity, the Brisbane board wished to add of the meeting, gentlemen.
THE SHANGHAI ENGINEERING, SHIPBUILDING, AND DOCK CO., LIMITED.
The first general meeting of this Company was held on the 30th December at the offices of Messrs. Dodwell, Carlill & Co., Shanghai. Mr. Douglas Jones (Chairman) presided, and there were present, Count Butler, Messrs. O. Menser, and O. Middleton (Directors), R. J. Macgowan (Secretary), J. Blechynden, Kuang Chu-ming, C. Overbeck, J. M. Young, Gipperich, H. Hiller, J. Reynolds, J. Valentine, and W. A. C. Platt (Legal Adviser), representing in all
701 shares.
The notice convening the meeting having been read,
" OD
Capi
the
twenty stampers only, with steam for motive power. The Brisbane board look exception to the larger scheme because it mitted at once and in one venture. whole of the company's uncalled
an estimate," while evidence sufficient to prove that, even if this were not ultimately exceeded, the 100 could be kept going. To admit of the being properly ventilated, it was reso call an extraordinary general meeting 4th December, and circulars were issued to all shareholders, explaining the case and inviting expressions of opinion. Since the 22nd May, how ever. considerable correspondence has pa between the two boards, and the Singer
The new
nstru
directors now advise that soti until the Government of the Straits have finished a road The Chairman said-As stated in the adver- Pahang, which road runs close tisement-you have just heard the Secretary which should I
ate will read, this meeting is more or less a purely next year. 1
he preser An extraordinary general meeting of share formal one, and is held to comply with the Ordin-saving in cost of carriage holders of the above Company was held at the re ances under which the company was registered.service to Ranb, via Pekan, being b gistered offices of the Company, 38 and 40, Queen's I am glad, however, that it affords me an oppor- and tedious. Mr. Bibby ver Boed Central, on the 30th December, at noon, fortunity of giving you a general sketch of the this out as reason for deferri
-We have of heakst
heavy machinery to gi the purpose of confirming the special resolutions position of your company. Land
have however, passed at an extraordinary general meeting of acquired land on the Pootung side, of some 117 board shareholders of the Company held on the 14th mow odd, with a river frontage of 2,000 scheme of forty stamper December, 1896. Mr. Hart Buck presided and feet. It is immediately adjoining the motive powe were also present Messrs C. Ewens, H. wharf known as Messrs. Meyer, Lemke their views
We have reys, W. H. Potts, J. S. Hagen, S. Rus- & Co.'s, and to the east of it. JA. Jupp, WE, Clement, E. Georg, acquired this piece of land, and at a price which org W. D. Sutton, Lam Yan, and E. Š. is very considerably under its present market value. The machinery required for pile-driving, The CHAIRMAN Gentlemen, this meeting bunding, eto, has been made at our own engine per been called confirm the resolutions works, and we are now only awaiting sed at an ordinary general" meeting mission of the harbour authorities, which,, no of the Compa
on the 14th inst. I will doubt will shortly come, in order first resolution which lis with our dock and machinery wor
possible despatch, and I may add that
as follows, be confirmed
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The
posal originally set
Gold Mini