Page
THE HONGKONG WEEKLY PRESS AND
feet 6 inches on a sort of lode formation, but nothing of value developed, and the water being somewhat heavy and rock hard, the prospects did not appear to warrant continuing it; hence its was stopped.
352
Cr
By cash on current and deposit accounts in
Shanghai
By Chinese Imperial Government loan ́of
1886 (E issue)
By Shanghai municipal loans
Tie
52,266.83
38,000.00 78,400.00
By Shanghai Land Investment Co.'s 6 per
cent, debentures
45,000.00
By Shanghai Waterworks Co.'s 5 per cent.
debentures
By mortgage on property in Shanghai ga By land and premises-head office, Shanghai By London freehold premises By London branch-balance:—
£101,820 9 7 3,099 8 11
Less Due to sundries
By Hongkong branch-Balance. $23,240.85
By Yokohama branch-Balance yen 14,520.57 By Singapore branch-Balance ... 28,340.26 By furniture at head office, Hongkong, and
Singapore branches
By sundry debtors—Premia, etc., outstanding at head office agencies
Less-Due to sundries
Tla 76,908.80
2,569.78
9,800.00
· 18,000,00 50,000.00 296,571.61
-759,646.71
16,972.39 10,890.43 19,228.39
2,987.71
74,339.02
The 1,466,908.19
WORKING ACCOUNT, 1897. Dr.
To interest
To balance carried forward
Cr.
By return and re-insurance premia, 1st Janu-
ary to 30th June, 1898
By Fundry charges and income tax By losses and claims.
To interest
WORKING ACCOUNT, 1898.
Dr.
To transfer and certificate fees To profit on investment realized
Tis.
6.75 243,692.29
No. 4 Shaft. (Surface shaft) North Drive. This were driven 30 feet and stopped because of impracticability of handling the water therein and in shaft before the ground was out that it was driving to prove.
Tankong-Adit, Tunnels, Levels.-No work has been done in these.
Shaft. This has been sunk vertically and water handled with windlass; through easy working country rock, 43 feet sunk and timbered
36 feet..
Machinery-Head gear has been erected, engine, boiler, and pump placed at the shaft, and excavation for'setting the former completed.
New Find-Adit Tunnel No.1, West Drive.—| This was started and driven on the lode westerly 9 feet 6 inches. The lode is fair looking quartz and shows strong all the way, carrying a very little gold but not nearly payable and no indica tions of improvement; just the uncertain chance of cutting a payable ore chute by continuing it. Adit Tunnel No. 2, East Drive. This was continued on the lode westerly 40 feet. The same advice and comments as made above, &c., West Drive Adit Tunnel No. 1, will apply to these drives and their prospects.
South Tankong Adit Tunnel. This was cleaved out sufficiently to enable an examination to be made and a lode of no special value so far was found in its west branch,
Tia. 243,599.04
Tls,
48,968.94 West Branch.-Continuation of this was 5,893.32 started and it was driven on the lode therein 188,736.78
4 ft. The lode is of fairly good size, soft decomposed stuff, of but little value so far as Tis. 248,599.04 tested. It is too early yet to form much of an
idea as to its prospects.
Tis.
To net premia, 1st January to 30th June, 1898 399.746.79 26,014.13 36.00 245.20 18,210.38
Tla. 444,252.50
Tls.
To amount brought forward from last year
Cr.
By agency commissions, 1st January to 30th
June, 1898
By agency charges, 1st January to 30th June,
1898
Shaft. This was started on the lode about 150 ft. notherly from the mouth of the Adit Tunnel and sunk 3 ft. 6 in. There appears to be a large body of this ore which is of more or less value and from 2 ft. to 3 ft. thick of it that is very high grade so far as tested, running several ounces gold to the ton, which has been proven both by assays and pannings. It is cer- taiuly a good prospect and if there proves, upon development, to be any material bedy 6,938.25 of it it will make a fine mine, but I ar the chances are hardly even in favour of there being 6,529.29
much of it, though there may prove to be.
Middle Tankong-Have prepared to start an 1,210.11
adit level on what is apparently a good lode bere. 17,778.09
Kalampang, Adit Tunuel.-This was cleaned out sufficient to enable an examination to be 29,814.65 made. Two small apparently lodes of ore showed
5,212.08
By general charges, 1st January to 30th June,
1898
By head office charges, 1st January to 30th
June, 1898.
By London charges, 1st January to 30th June,
1898
By Hongkong charges, 1st January to 30th
Jake, 1898
By Yokohama charges, 1st January to 30th
Jane, 1898
3,602.68
By Singapore charges, 1st January to 30th
June, 1898
By directors and auditors' fees
By income tax
By exchange account
By losses and claims
By balauce carried forward..
therein.
No. 1 Drive. This was started westerly on the course of one of the lodes above mentioned nearest the month of Adit Tunnel and driven 8 ft It shows a lode of about two feet of quartz of some little promise.
4,101.38 2,450.00 0,291.44 No. 2 Drive. Was started westerly on 681.75 the course of one of the lodes above mentioned 126,990.18 farthest from the mouth of the Adit Tunnel 237,842.60
and driven 8 ft. 6 in. It-shows a small lode of (Tls. 444,252.50 | quartz of perhaps more promise than lode in
No. 1 drive.
THE PUNJOM MINING CO.,
LIMITED.
The Secretary of the Punjom Mining Com- pany, Limited, advises us that he has received the following progress report on work done at the Company's Mines in Pahang, during the month of September, 1898-
MINING.
Jalis, Level No. 4 (300 feet level.)-August Shaft (No. I Shaft). North Drive. This has been continued northerly 23 feet 6 inches ou a good sized lode, somewhat mineralized, but nothing to pay in it, and the prospects here do not appear very flattering.
REDUCTION WORKS.
Mill Stamps. These ran equal to 27 full days of 24 hours, crushing 2,085 tons of head- ings, 274 tons Tankong ore, and 26 tons Jalis ore, and the Berdan Pans ran part time, part on mill sand and part on calcined Tankong concentrates, for a total product from stamps and pans of 513 ozs, amalgam, from which was realized for shipment 179. S ozs., of bullion as- saying here gold 863 fine, making it a gold value of £3 13s. 3.7d per oz.
Calcining. This was conducted part time on Tankong concentrates.
Cyanide Plant. This was operated full time, treating 234 tons of tailings (sand and slimes). In the month's results are figured what was treated or partially treated from June 10th to August 31st inclusive, 252 tons; but in the amount treated and the results we have not figured what was in the process of treatment after 17th September. The product of the
TOctober 29, 1898.
Water Power -Has been barely sufficient during the latter part of the month to furnish us power required.
Rainfall. This was 9.14 inches at Manager's house.
Health Europeans have generally enjoyed good health and no special sickness among our Asiatics.
Timber and Firewood.—— This has been plenti- ful in the jungle though at some little distance from our present works.
Labour.—This has been plentiful except in one or two branches of our operations.
en paid to Considerable attention- has been reorganizing and
system at our on “Lempting to reform the,
of handling our stone' and conducting operations here generally, SECRETARY'S NOTE. -An- " Adit” horizontal entrance to a mins driven in from the side of a hill.
RAUB.
The following is the Mine Manager's Report for the four weeks ending on 6th October, 1898-
Raub Hole. The only work being done ins this section is in the North end 220 feet level. va
The Crossout going. East from the main level is in 24 feet in hard black slate. As this drive is purely a prospecting venture it is hard to say what may be met with..
The Winze being sunk in the small ore chuts from 120 feet to 220 feet level is down 86 feet, and will break through in 8 feet more. It is my intention to keep sinking below the 220 feet level to see if the ore chute opens out. It is very narrow at present, about 20 in, but the ore is of good grade.
I have stopped the drive going north, as it was not looking promising, and showing no gold. We have still all the ore between the 120 ft. and 220 ft. levels to stope out, and although the chute is narrow the ore is of good quality.
Bukit Hitam.-Only slow progress is being made in this shaft, the water being heavy and li the ground hard. I have got the opening ont set fixed and hope to start driving in a day or two. I expect to cut the lode in 10 ft. or 12 ft.
Bukit Koman No. 1 Level.-In the drive un roing north fair progress is being made. The lode in the face is a good deal mixed with slate, but shows fair gold The whole of it is being sent to the mill for crushing. We are taking this drive in about 12 ft. wide; how wide the lode is I cannot say. This end is making a good deal of water. The face is in over 800 ft. from the crossout. I have located a site for No. 4 North Air Shaft, which I intend to start sinking at once. This puts us well under Bukit Jellis Ketchil.
South end, same Level. There is now a nice lode making in the face, showing fair gold. The water in this face is not nearly so heavy as it was. This face is now in over 900 ft. from the crossout.
In the stopes over the back of this level the usual amount of stoping has been done. All of the stopes continue to look well and expose large bodies of high grade ore. The quantity of ore taken from these stopes makes very little differ ence in their appearance.
No. 2 Level.The face going north is now in a good lode fully 14 ft. wide, in which very good gold can be seen. The whole of it is being sent to the mill for crushing. The face of this drive is now in 337 ft. from the crosscnt.
Southend, same Level. The face of this drive, which has so long been in mullock, has now a nice lode about 4 ft. wide. On the foot wall there is about a foot of solid stone, then about the same width of quartz and slate mixed, and then two feet of nice quartz, in which very nice gold can be seen. The whole of it is being sent to the mill for crushing. I think, from the appear- ance of the ground, we shall soon have a big lode in this end again. There is a good deal of- water making in the face. This drive is now. in 446ft. from the crosscut.
South Drive No. 2.This has been continued southerly 34 feet 6 inches following part of the time what apparently a lode and part on a streak seam, perhaps indicating a lode, slightly mineralized, but nothing to pay in it, neither as to quantity or quality, and the pros above 486 tons was 97 of bullion assaying here cannot sink it any deeper without the aid of pects here again do not appear very flattering. 442 fine giving it a gold value of £1 178: 6,5d.
North of West.— Work was discontinued per oz. here, nothing of valne or
or promise showing. Level No. 3 (200 feet level).—South Drive Transport.—Our equipment and supply of from Winze.—This was driven a distance of 5 local transportation has been wholly insufficient.
GENERAL.
No. 2 South Engine Shaft.—This shaft is now sunk and timbered to a depth of 77ft. We pumping machinery. Some of this has been ordered, and specifications for the balance will be prepared at once.
Bukit Jellis-Work in this shaft is progres ing very well. The Plat at $50 feet is finished i
IS