January 28, 1809.j
During the half-year under review the Powan and Heungshan have undergone the usual an nual docking and Government survey. The machinery and boilers of the Heungshan have been thoroughly overhauled, and the steamers are now all in good running order.
CHINA OVERLAND TRADE RÉPORT.
RAUB,
The Manager's Report for the month of December-four weeks-ending on 4th January, 1899, is:-
Raub Hole.-The only work being carried on here is stoping on the ore chute between 120 ft. and 220 ft. levels. There is no change to re- port from here. We have taken out, since starting to stope, 18 ft. in height by the full The Crossout going East is now in over 100 ft. from the level iu hard black slate almost dry. Bukit Hitam. This section is hardly looking so well as at date of my last report.
On the 11th September, while coming to the wharf, the Fatshan collided with the Praya wall, breaking and twisting her stem. The Company's proportion of loss, consequent upon this accident, amounting to $3,021.31, is pro-length of ore chute. vided for in the accounts now presented, as also is the loss sustained through the Powan's collision in January last, which amounts to $11,904.87.
Arrangements for the construction of a new pier of iron and steel opposite the site of the Company's old wharf are now in progress.
The properties mortgaged to the Company have been re-valued by Messrs. Palmer & Turner, whose valuations show them to be ample security for the sums advanced.
The retiring auditors, Messrs. A. O'D. Gourdin and F. Henderson, offer themselves for re-election.
E. R. BELILIOS, Chairman.
Hongkong, 21st January, 1899.
31st Deo., 1898.
ASSETS.
Value of 4 steamers and §ths of Faishan Value of 2 steam-launches...
Value of wharves, hulks, moorings, &o. Value of properties at Wuchow and Kongkun Value of lighters Sun Lee and Wo Lee
Value of coal, stores and spare gear Value of furniture
Value of shares in public companies
*Value of ('hinese bonds
Property foreclosed..
Loans on mortgage.
Fixed deposit with the Hangkong & Shang-
hai Banking Corporation
Cash with the Hongkong and Shanghai
Banking Corporation
Interest accrued to date
Instalments paid account new tow boats and
lighters for West River trade
Recovered from underwriters
Sundry debtors
LIABILITIES.
Amount of capital, 80,000 shares of $15 each,
Amount of refund of capital of $5 per share
In the Drive going North the lode is still small about 6 in. wide and very little gold can be seen in the stone. I do not think we are on the true lode in this end, but I think it has been thrown over East by the crosscourse met with near the shaft. It is my intention to put in a cross-cut to see if the lode, is out in that direction as there are large bodies of quartz and old workings on the surface.
In the Drive going South the lode about 20in, wide and carries very good gold all the way in from the shaft about 60ft. I estimate that this stone will yield from 2 to 3 ounces per tou. There is now about 20 tons on the surface This is being put into the hopper for transport 812,250.00 to the mill. The hopper and tramway from 50,000.00 shaft to hopper are finished and trucking quartz 31,071.32 to the mill will begin at once.
8,315.27 14,000.00 16,187.61
$
10
750.00
820,550.00 1,034.48 4,000.00 641,700.00
22,719.52
I have reason to believe this will develope into one of our best mines.
Bukit Koman.-This section still continues to develope well.
In No. I Level North we have not yet done anything to clear up the debris from the burst of water and stuff which took place some time ago. I do not think it advisable to do anything here till the present monsoon is over and the 66,564.32 | ground is drained more. All the stuff from 1,121.05 the break will be crushed when we start to clean up as it is full of small quartz carrying good gold.
22,033.33 16,489.38 8,136.59
$2,036,972.87
о
81st Dec., 1898.
fully paid up
1,200,000.00
on 10 shares unpaid
Amount at credit of depreciation and insur-
ance fund
Amount at credit of equalization of dividend
fund
Amount at credit of investment fluctuation
Kocount
Unclaimed dividends
50.00
600,000.00
9,000.00
34,186.55 11,897.00
Hongkong wharf special account, amount
received from Government, to be expanded on new wharf
Sundry creditors
22,719.52 12,067.33
Amount at credit of profit and loss account 147,102.47
PROFIT AND Loss AccoUNT.
Dr.
#1st Dec., 1898, To amount paid for repairs to steamers To Company's proportion of loss on :---
Powan-Average Fatshan-Average
··
In No. 1 Level South we are now in over 1,000 ft. from the main crosscut. The lode at present in face of the level is about 2 ft. wide and carries a little gold.
This Level is now in nearly 1,90 ft. from face to face and carries payable gold for the whole distance. It will average over 12 ft. wide by an average height of 120. ft. About one fifth of it has been taken out and crushed leaving four Afths still to take out. The lode where last driven through in the north end is 48 ft. wide the whole of which carries fair gold and is good payable crushing stuff.
The Stopes over the back of the south level ara all looking well. No stoping is being done in the north end as this is under the swamp and I do not think it advisable to work them during the present wet weather as we have plenty of ore available without them.
In the south end I am now sinking No. 5 Air Shaft to ventilate No. 1 level south. This -2,036,972.87 | air shaft is within 15') ft. of the No. 1 south engine shaft which 1,150 ft. south of Bukit Koman engine shaft.
$ 21,669:28
0.
$11,904.87
3,021.31
To directors and auditors' fees
io balance to be appropriated, vis. :-
Dividend at 8 per cent. on
$1,200,000
To be written off value of stra
To be carried to new account
$96,000.00 43,112.50 7,989.97
14,926.18 2,750.00
No. 1 South Engine Shaft is 14 ft. by 5 ft. olear of timber and is divided into three compart ments, two for winding and one for pamps and ladderway. This shaft is 70 ft. deep and is timbered throughout with 8 in. by 4 in. sawn Merbau timber. Poppet Heads are erected over the shaft and we are now patting in foundations for pumping and winding machinery. As soon as this arrives it will be at once placed in posi- tion and the sinking of shaft resumed. By the time this shaft is down the required depth I expect the No. 1 South Level coming in from Bukit Koman Engine Shaft to be up to this shaft, which will then be connected with the level, after which siuking will be resumed for No. 2 Level. A simi- lar shaft will be sunk north, midway between Bu- kit Komau and Bukit Jeltis engine shafts, and eventually all of these shafts will be connected by levels which will enable us to work about $186,447.93
6,000 ft. on the line of Bukit Koman lode. From $ 0. the present appearance of the lode these shafts 600,000.00 will give us command of several million tons of
$ C. ore for crushing. 600,000.00
$
!47,102.47
$186,447.93 30th June, 1898. ity amount brought forward from last socouat 35,165.18 B1st Deo. By net earnings of steamers
3
Cr.
117,532.63 33,601.14 149.00
By interest on investments
By transfer fees.
31st Dec., 1898.
DEPRECIATION and Insurance Fund.
Dr.
To balanos
30th June, 1898.
Cr.
By amount at credit
-31st Dec. 1893.
EQUALIKATION OF DIVIDEND Fund
Dr.
To balancs
Cr.
30th June, 1898,
By amount at credit.
75
rather irregular at present but when we stops it out we will take it the full width of ore body which I think will prove to be considerable. All of the stuff from this drive has been sent to the mill for crushing. This drive is now in 380 ft., from the crosscut.
No. 2 Level South.--This drive is now in 505 the footwall side of the lode there has been a feet from the crosscut, for about 400 feet on horse of mullock dividing the lode from the foot- wall. This horse gradually widens till at 300 feet in the ore body got too far from the hang. ing wall, I decided to leave the o e body stand- ing and push on the drive on the footwall side. Where we left the ore body there is 12 feet of crushing stuff carrying good gold. I intend putting in a crosscut to see what width it is near the face.
There are two winzes sunk from the No. I to
not know what width the lode is in the winzes No. 2 levels, both sunk all the way in we do
all the way. There is 94 feet of backs all ready as they are all in quartz and carry good gold
for stoping between the two levels from which not a ton of ore has been stoped. These alone form a huge payable ore reserve which can be extended indefinitely.
No. 2 Level. In the Drive going North the lode in the face is 10 ft. wide and earrries good 9.000.00 gold the whole width. I do not think this is S C. the full width of crushing stuff as there is still 9,000.00 quarts on the west side of the level. The lode is
The Now Adit 188 ft. long for carrying off the water from the pumps in Bukit Koman shaft is now finished, and will save carrying the water from the mine over the mine workings, which are very much broken and crushed from settling of the ground, causing a good deal of the water to find its way back again into the workings.
1
Bukit Jellis.-The cross-unt going in East at 350 ft. level has not yet cat the lode although I expected to do so long before this. The crosscut is now in over 300 ft. from the shaft. I think the body of leaders out at the shaft must be the lodà formation, if so the lode has been thrown back West for a long distance. This loader förmation is about 40 ft. wide 20 ft. of which on the East side carries payable gold. I intend to open out and drive North and South on this formation.
The Crosscut going in West at the level is now in 80 ft. in clean black slate.
Battery. The general clean up for November and December took place on Monday last and resulted in a yield of 2,182 ozs. 7 dwts. 0 grs, of smelted gold from :,465 tons. The crushing during December was poorer than usual owing to there being a large quantity of mullock-slate which had to be taken as it contained small leaders carrying good gold. It could not be separated and was too good to be left in the ground. be stopes are now becoming better defined and the ore is of better grade as we can take it cleaner.
The following is the quantity of ore órushed from the different mines:-
|
Bukit Koman Raub Hole
'Total
2,357 tons.
109
"
2,465 tons.
Electric Installation, Sempam Section.-Good progress has been made with the various works on this section.
The concrete dam across Sempam River is al- most completed and first length of flume form jug oatlet from dam to flume line is built in and inlet to pipe head reservoir from flume is finished. The pipe bead riservoir is finished with the excep tion of fixing the pipe head which has not yet arrived or it would have been placed in position. All of the timber for the flume is dressed ready to put together; this will be proceeded with`at once.
A week will finish the pipe track to the power
station.
At the power station the retaining walls are all finished and all work in connection with drains and culverts to carry the water from the Pelton wheels and foundations of generators will be finished in a week.
On the cable track all work connected with clearing and making bridle path is about finished » and a start male to put up posts.
Raub Section.-At New Battery site the rails are being laid on railway deviation to the battery. The excavations at new battery site are finished, and the work. of putting up the buildings will be started at once.
All heavy timbers for foundations of new bat- tery are on the ground and contractors for new i dam are making good progress,”