November 21, 1895.]
BALANCE SHEET FOR THE HALF YEAR ENDED 19TH AUGUST, 1895.
LIABILITIES.
To capital fully paid up 45,000 shares at
$5 each
To dividends unpaid
To reserve fund
To unpaid charges and sundry creditors
ASSETS.
By cost of houses and coolies' quar-
944
ters and godowns, balance from
last account...
$4,371
Additions to property
Less 25 per cent. written off.....
By cost of house and godown furni- ture, trade utensils, plant, water- ways, and roads, balance from last account...
$5,316 1,329
$225,000 1,237 25,000 4,389
$255,627
$3,987
CHINA OVERLAND TRADE REPORT.
RAUB.
The following is the mining manager's report for the four weeks ending the 31st October, 1895:-
MINING...
Raub Hole Section, No. 2 Shaft-The cross- cut going in at the 220 ft. level is now in close on 50 ft. I expect to cut the lode within the next 20 ft. This work has been very much delayed, owing to the very heavy rains and floods we have been having of late. At one time the water rose 90 feet in the shaft. This was caused by the flood water finding its way through the old native workings, and so through into our old workings, in fact, the whole of the levels and stopes all through the mine were like a shower bath. This flooding caused a delay of four to five days in the lower workings; the pumps in both shafts worked splendidly or the delay would have been greater.
!
The winze to connect the 120 with the 220 ft. level is down 22 ft. This is being sunk on the lode, which is about 12 inches wide in the 4,266 bottom of the winze, and will average 12 to 24 inches all the way down. Very fair gold can be seen in breaking this stone.
Additions...
$4,700 319
$5019
Less 15 per cent, written off........
732
By Maliwun concession account, cost
of concession
$5,000
By cost of buildings, plant, formi- ture, boats, carts and bullocks, and ore-bags
9,605
By cost of stock of provisions, stores,
opium, and medicines for sale to . miners
By cost of ore in stock
By balance of advances to miners...
4,039 1343 6,071
By working and prospecting ex-
penses
10,249
By cash in manager's hand
1,802
By cost of 26 pairs of bullocks and
17 carts
$1.780
By depreciation written off'
430
By cost of ore-bags, balance from
last account ...
Additions to stock
$302 460
$702
Depreciation written off...
400
By cost of stores in stock for sale to miners By balance of advances to miners... $39,368) Less written off as doubtful
362 15,324
21,514
17,853 12,228
By value of ore in stock on 19th August * By cash in hauds of General Agents... By cash in manager's hands at Jelebu * By amounts on fixed deposit and balance of current account with the Co.'s bankers By sundry debtors
+
By balance of profit and loss account...
38,111
1,300
Stopes. Work here has been carried on under difficulty, owing to the wet. I am still carry. ing on work in three faces, but the lode is small, 8 to 12 inches, which shows fair gold. A new 7 inch draw-lift has been put in between
the 120 and the 220 feet levels, as the 6 inch This one could not keep away the water. draw-lift delivers its water to the steam pump at the 120 feet level, and is worked from the pump-rod of the later.
1
Bukit Koman. The sinking of the main en- gine shaft is proceeding very slowly, owing to the heavy water and the hardness of the ground, The water has increased very much of late, and on Saturday last it rose to two feet in the 146 ft. level, there being 95 feet of water in the shaft. This was caused by the water finding its way down from the surface through the old native workings. I hope to have it all out and the meu working again by to-night. The pumping ar rangements are the same her as at the Raub Hole No. 2 shaft. The shaft is being sunk with a draw-lift worked from the main steam pump rod. It is my intention as soon as the shaft is down the required depth and plat ent to put in the new double action stean. pump. This pump 14 is able to raise 60,000 gallons of water per hour 1,627 to a height of 250 feet. The shaft is now down 93 feet below the 146 feet level, and has seven feet 133,393 yet to go before it is down the required depth 11,220 of 100 feet. This I hope to bave finished in a 15,937 fortnight from now.
$255,627 PROFIT AND Loss Account FOR HALF YEAR ENDED 19TH August, 1895,
To 25 per cent. written off from buildings
and plant
To 15 per cent. written off from furniture
and trade utensils
To depreciation written off from ore-lags... To depreciation written off from carts and
bullocks
752 400
Stopes.--Work is proceeding steadily in these although the rains have made them dirty, they have done no damage. They look as well as ever, and there is no change in the prospects. Since starting to draw the crushing stuff from $1,329 | here to the battery by the railway these stopes have supplied nearly all the crushing stuff to the battery. This has given me an opportunity of testing its value, which I am pleased to say is quite up to our late average. Considering the size of the lode and that all ore broken ik sent to the mill for crushing this is very satisfactory
Western Lode.--There is no change to report from here. Stoping is being carried on as usual, and fair gold can be seen in breaking the stone. We have not been able to send much ore to the mill from here since completing railway to the feeding plat, as we could not get the carts to it owing to the embankment of railway obstructing the road into it. I have now made a temporary approach until the hopper at the Western Lode is finished. This I hope to have completed shortly.
6,284
To cost of prospecting.
430 2,789
To cost of re-surveying and demarcating of
the Company's concessions
To cost of roads
1,775 113
To general charges at Jelebu
To general charges at Singapore
Directors' fees
$1,500
Auditor's fees, stationery, print-
ing, etc.
286
Agents' commission
14,750
To balance of loss on road contracts
To amount written off from advancés as
doubtful
By balance from last account
By less transfer to reserve fund
$4,209 2,722
By royalty and profit on ore and tin... By profit on stores and general business By bank interest By balance
3,526 6,688
21,514
$45,613
17,732
Bukit Malacca.-A site has been cleared for the shaft, and a shed 20 ft. by 15 ft. put up over it. The shaft has been sink and timbered 22 feet. It is 13 ft. by 4-ff clear of timber divided into three compartments. We can sink $1,186 no further by manual labour, ofring to the water, but as soon as I have time I will put a pump 7,386 and continue the sinking to a depth of 150 feet 3,069 before opening out to cut the lode. There are 15,937 extensive old workings at the site of this shaft. and it is my opinion that we shall have a good mine here. When this work is completed we shall have tested the line of lodes in four places for a distance of over three miles and I know
$45,613 * All the ore and tin have since been sold and de- livered, and the valuation is based on the proceeds.
385
of several places in between where fair gold is to be got; also at Bungie Argos, a mile further north still. It is my intention eventually to extend the railway to the latter place.
Battery-This was stopped two and a half days whilst making the embankment and con- necting the rails between the Bukit Koman and Western Lode sections of railway and put- ting in the necessary sidings. Since starting to haul quartz by rail the battery has been kept going full time, and I do not anticipate any difficulty in keeping it going in future. Since the date of the last general clean up the battery has worked 606 hours, crushing 940 tons. A rough clean up took place on Monday last, the 28th inst., when the above number of tous gave a yn of 1,296 oz. amalgam, seven- tenths of the stuff crushed coming from Bukit Koman, five-twentieths Western Lode, and one- twentieth from the Raub Hole. Crushing was resumed again the same afternoon, the mill going full time since.
Railway. The rails have been connected between the Bukit Koman" and Western Lode section, and hauling was commenced from Bukit Koman on the 16th inst. A preliminary run over the line the night before took place, every- thing working smoothly. The engine has been running regularly since without the slightest interruption. The line has had a most severe test, as it has been raining heavily with floods since the day it started. All banks and cuttings have stood well, and watercourses have proved ample for the most severe floods we are likely to get. This work has not been completed a day too. soon, as had it not been we should now have been in the same fix as last monsoon, when hauling by bullock carts completely failed. All the necessary sidings at the battery and Raub Hole shafts are completed. and the line laid and ballasted to the Western Lode shaft and hopper site. As soon as the hoppers on these two shafts for loading trucks are completed the work of laying the rails and ballasting the line as far as Bukit Malacca will be proceeded with, and I hope to have the whole line finished to the latter place by the end of next month.
WM. BIBBY,
Mining Manager.
THE GREEN ISLAND CEMENT COMPANY, LIMITED.
An extraordinary general meeting of the above Company was held at the offices. 9, Praya Central, on Thursday, at noon. Mr. R. Shewan presided, and there were also present Messrs. C. Ewens, J.Orange. G. Fenwick (Directors), A. G. Morris G. H. Potts. C. A. Tomes, A. S Manners, Fung Wa Chun, and F. J. B. Jorge (Secretary.)
The CHAIRMAN-Gentlemen, the numerous additions which have been made to the present articles of association and the alterations con- sequent upon the change of management have made it necessary for the sake of clearness to have new copies printed, and this being so your Consulting Committee and General Managers have taken the opportunity to revise the other clauses, many of which have become obsolete or useless. The result is the articles of associa- ciation copies of which are now in your hands and to pass which in place of the present articles of association this meeting has been called to-day. There are no extraordinary clauses to call your attention to nor anything beyond what is usual in articles of this kind. The principal alterations are in the capital, which of course is now stated as $200,000, and in the names of the General Managers and their re- muneration. Depreciation, which is so often overlooked when times are bad, although it goes on just the same, will have to be provided for in future in accordance with the articles of association and the various special resolutions which this Company passed from time to time have been embodied where necessary. The proposed new articles are now before you, but before asking your approval of them I shall be glad to answer any questions you may wish to put regarding the same. I shall now be obliged if those in favour of these articles will kindly signify their approval in the usual manner by holding up their hands.
In answer to Mr. MORRIS the CHAIRMAN said that a seconder was not necessary.
No comments yet.
Private notes are available after approval.