THE HONGKONG, CANTON AND MACÃO STEAMBOAT CO., LIMITED,
meeting of share-
The ordinary half-yearly me holders in the above, company was held at the ofices of the company. No. 18, Bank Buildings, Wyndham street on Monday, The Hon. E. B. Bolilibi presided, and there were also present- Messrs. N. A Siebs, F. A. Gomes, E Geets (dirgotors), T. Arnold (Secretary), E. Geơng, J. R. Michael, (Capt.) W. E. Clarke, R. M. Mehta, TeXple, A. 8. ida Cruz, R., E. Belilios, Ex J. Moses, E. J. Judah, and Wong Ping Tum, Holland zubaanikati
The SECRETARY read the notice convening
CHAIRMAN said.-Gentlemen, the report and accounts, a having been issued to sharehold- a week ago, will, with your permission, be aken us read. Our earnings, I am pleased to
bavy been rather above the average, and Ule us. After providing for the usual divi- dend, to carry forward some $54,000 to meet the szceptional, expenditure for new boilers for the owan and as an instalment of the amount to be written off, the book value of our fleet at the end of the year. There is not much for me to realark upon in connection with the run- * of the atwainers":* We have had some diappointment, in regard to the West River, and if the conditions under which we are how running on those waters continue, I ||am|| afraid. thut we shall not be able to look for any increase of revenue from that source. At our meeting a year ago the Chair.
----
*
A
THE HONGKONG WEEKLY PRESE AND
On the motion of Mr. GEORG, seconded by Mr. Moses, the action of the directors was confirmed.
|
On the motion of Capt. Clarke, second by Mr. MICHALL, the Hon. J. J. Keswick and Mr. F. A. Gomes were re-elected on the directorate. 3 Mr. GORG, Messrs A. O'D. Gourdin and F
On the motion of Mr. MICHAEL, seconded by Henderson were re-elected auditors:
The CHAIRMAN Dividend warrants will be thank you ready to-morrow at ten o'clock. for your attendance.
3
OLIVERS FREEHOLD MINES,
·LIMITED.
We have received the following reports from the General Managers of work done during month of June, 1899;
[Augart 5.1899.
Yielding smelted gold 40.50 ozs. › The Amal- gam retorting 32.2 per cent. The value the ore being 1 oz. 6 dwt. 19
fon. The gra per Battery zaved 1 oz. 2 dwt. 12 grs, por ton. The average assay value of fallings being 0 oz. wt. 21 gra per ton. The total extraction being equal to 85.3 per cent.
Summary for month-Total Tons crushed- 393. Yielding Amalgam 1,137 ozs. 10 dwt, Producing 3. gold 322 ozs. 85 dwt. The ore crushed yielding at the rate of 16.4 dwts, per ton.
General-During the month samples of tail- ings were taken and assayed, proving higher in. gold contents than those treated in [former, months. I made several alterations in the but cannot do better work with the appliances Battery to endeavour to lower value of same,
on hand, and extraction of 85 per cent. I kno I am doing good work. I have tested a sample Eureka Mine. Very little development work of the tailings to prove their suitability for has been done during the month, Mr. Roberts Cyanide treatment with the following results. having advised that this should be stopped until With a half or three quarter per cent. solution the Rook Drills arrive, when much better pro-I can extract 75.37 per cent. of the gold coa- gress will be made.
tents value of tailings but as they are so fine, due to the pans, the filtration is slow.
“MINING.
200 feet Level South-Have now driven 79 feet on this new shoot of stone and am pleased to say that there is no appearance of its giving out. The channel is 6 feet wide; three feet of this is cleau quartz of good grade, vide milling report. The other portion is composed of slate and small veins of stone, but very poor.
This is used for filling up the stopes. The reef is going very strong underfoot and prospects well.
Stoping and rising above this level as shown Tenders have been called to extend the 150 feet on plan. Reef continnes same as in drive. South to cut the shute of stone mentioned above; expect to cut it at from 40 to 50 feet from present end. Stopes above 200 feet Level North. Reef averages about 20 inches of good payable quality.
1st Intermediate North, extended total 131 feet, Reef carrying payable gold.
about a six months supply of water and the Water Supply The upper dam now contains Battery dam about 4 months' supply; in all we have about 10 months' supply for a 20 head Battery.
Assay Department During the month un- merons samples have been assayed from the Co.'s differeut mines vide assay certificates. The retorted gold has been smelted producing 322.85 ozs. smelted gold. A few small trial the Cyanide process as above explained. Both samples of the tailings have been treated by the assay and muffle furnace bave been rebuilt daring the month. The bricks previously used have now been replaced by fire brick. being not suitable for the intense heat. These
man remarked that up to that time we had been at a great disadvantage by being confined to one particular route, and to certain places of call, whereas our competitors, the Chinese Com panies were allowed to take any route they chose and to call where they liked. The res- trictions we then complained of were shortly
Engineering Work-Sundry repairs have been done during the month to the Eureka' afterwards removed, with the result that earnings
winding winch. Queen winding engine and increased and the trade seemed to promise well
Stopes ahore lower intermediate.-Reef battery. At the battery during the month the for the future. Some two months ago, however, averages about 2 feet of good grade ore. Dar-end was broken off one of the shanks; this latter we were, in accordance with the interpretationing the month a large amount of timbering was successfully repaired on the mine.
and filling up of stope has been done and at the forland Navigation; suddenly put
end of month everything was in first class order. to the posititon we occupied at the
opening of the river, the immediate effect of which was a falling off of fifty per cent in our assen er repeipts. Representations on the subject have been made to the proper quarter and can only hope that ere long these
placed by the Customs authorities on
Waters may be open to the trade of foreign steamers in the real sense of the term. The two tow boats, and four 'lighters for the direct, service from Hongkong to Wuchow ordered a year ago are now about ready to com- mandeurke In addition to these the Board has recently, in conjunction with the otherCompanies interested in the trade, ordered two stern wheel steamers for the Canton and Wuction service of greater capacity than thể Bouts now running on that line. With the removal of the restrio Lions I have referred to, these boats should do well A considerable passenger traffic undoubted ly exists, and all we ask is to be allowed to enge ge in it on equal terms with our native competi- tors. Another grievance to be remedied, before be, said to have fair play, is the one of ifferential duties whereby the cargo carrying rade hus been gradually diverted from steamers to jork. This is a matter which has several imes been referred to £t previous meetings, and although everything in the way of making re“ presentations that could be done has been done,
"have only gone from bad to worse; the ontempossible remedy would seem to be the bolson of the dual system and the collection of all duties by the Foreign Customs. Since we last, met our investments in shares have further appreciated in value and would show a derable profit if realised at rurrent market with these remarks, gentlemen, I would the adoption of the report and accounts, fore doing so. I shall be pleased to an
ay questions which shareholders may
no questions, the report and re adopted, ent
10. 10 *** „JJ-BEL-IRVING and Mr C.
aving resigned their seats at the leasing the eblony, the directors the Hon: L J. Keswick and Mr. E. to fill the vacancient
MILLING AND CRUSHING.
running very regularly with 10 head, sometimes During the month the battery has been with 15 head according to instructions received from Mr. J. M. Roberts, and the month's return proves it to be more profitable to run with 10 head on high grade ore than with 20 head on low grade.
Compressor Plant.--With the ersotion of this, good progress is being made. The boiler is completely set in brick, repaired where necessary, attached and tested to a safe working pressure thirty-six new tubes fitted and new mountings of 60 pounds to the sq. inch. The stack will be erected during the present week, the only thing now required being a new set of fire bars that have already been ordered. The compressor foundations have been built of brick set in ce- The first half of the month 182 tons of ore. taken from different parts of the mine were bolted down. All the larger parts are coupled ment and the compressor is in position and treated producing 104.70 ozs. smelted gold being together. We now require 4 in. steam piping at the rate of 1.5 dwts. per ton. The average to connect up with the boiler. The main shed value of the Mill tailings being 2 dwts. 1 gr.is built over the plant and is finished with the per top. The total gold recovery being 84.5 exception of the windows, flooring; joists, doors, und ridge capping. The air receiver is in post- The second half of the month 175 tons were crushed producing 177.65 ozs. smelted gold. vaying the compressed air from the compressor tion and most of the main 6 in. piping for con- The battery returning at the rate of 1 oz. O dwts. to the Queen and Eureka Mines is coupled up. battery tailings being 3 dwts. 10 gr. per touwork that now requires to be done is to place the 7 gr. per ton. The average assay value of the The main water supply tank is in position. The The mill thus saving 85.5 per cent. of the total
3 iu. piping down the Eureka, shaft, crosscut and The month's crushing drives, piping at the Queen Mines crossout and gold contents of ore.
drives, also the piping down the “B” shaft and stands thus for mixed ore only:
drives.
per cent.
i
Tous orushed $57, ozs. dwts. Amalgam from Plates.406.15*40.19 per cent.
Pans 368.13-36.43 Boxes 236.10—* 23.38
19
"J
13
"
"
Total Amalgam 1,011.18 Yielding smelted gold 282.35 ozs. The amal. gam retorting 27.9 per cent...
The ores total gold contents value being 18 dwts. 13 grs. per ton.pen.
The battery saved 15 dwts. 19 grs, per ton. The average Assay value of tailings being 2 dwts: 15 grs. per ton.
The mill thus saving 85.16 per cent. of the proved gold contents of the ore.
Trial Crashing Vide the Mining Manager's report.
Tous crushed 36.
.ozs.dwts.
I have also to place in position and
and couple up the boiler feed pump (ordered), also the pump that is required to raise the water from the new. dam to supply the boiler feed water and cooler of the air compressor. The pump for this purposé we have already on the mine...
The weather aufortunately has been very cold and bleak, which has somewhat retarded the work. I feel well satisfied with progress for the month.
JOHN D. HUMPHREYS & SON,
General Managers.
We are informed by Messrs. John D. Ham
and Son, General Managers of Olivers reshold Mines, Limited, that they have
Amalgam from Plates 57.12-* 45.86 per cent? | received the following, information by,
Pans 27.
21.73 Boxes 40.142* 3241
Total Amalgam 125.12μ esa
Of total Amalgam.
lin July
gram:-- The battery ran for crushing 427 tons of quarts, for
401 ounces retorted gold. Hare struck a large body in the 150 feet level south. Pannings
give