Page
488
BALANCE SHEET, 30TH NOVEMBER, 1895, To capitel 10,000 shares at $10
To dividend, 1890-1891
To dividend, 1892-1893
To accounts payable...
To depreciation account
To deposit account
To profit and loss
89.50
500.00
THE HONGKONG WEEKLY PRESS AND
it in the level going in below at 220 feet until ..$100,000.00 | the level is in at least 250 feet south from the 48.90 crosscut. This level will give about 700 feet of the main ore shoot to work before it again goes 1,819.38 under foot. Above and below the main ore shoot the formation is only a few inches thick, and 19.70
carries no gold; it is very persistent and regular 10,024.26
in its course through the country; in fact, too much so. $112,501.74
$4,52258
25,000.00
By cash in hand
By fixed deposit at Hongkong and Shang-
hai Bank
By cattle
Written ofl
$20,755.08 1,000.00
By cattle on order
By property, farm lots 18, 19,
25, and 32 as per last ac-
count
Written all
By buildings
By town dept
By butter making machinery
and other dairy utensils.
Written oll
By furniture
By hogs
By fodder on hand
By deposit, Colonial Treasurer By accounts receivable
$32,868,54
5,861,54
24.152.67 500,00
WORKING ACCOUNT.
To maintenance
To wages
To charges
To bad debts and losses
To written off cattle...
To written off property
To written off da ́ry utensils
To directors' fees
To auditor's fees, 1894
To auditor's fees, 18915
To profit and loss
By balance from last year
By proceeds of produce
By interest
By transfer fees...
RAUB.
$1,000,00 5,868 34 500,00
19,755,08 1,476 61
27,000.00
$ 0,213.40 7,572.34 5,151.29 24184
We are carrying on two stopes over the back of the 120 feet level sonth. The lode is from 6 to 7 in. wide and shows a little gold I have also started to drive on some small cross leaders about half way between the main engine shaft and the No. 2 at the 120 feet level. There is a little gold in them, but they are not payable at | presant. As this is in new country it may lead to something. This is the only work being done in this section.
Bukit Koman.The work of extending the stopes both north and south is being pushed on 16,620 05 steadily, and I am pleased to say the south During 9,643 72 stopes are looking remarkably well.
the last fortnight some very rich specimens
there. have been sent from
The stopes in are now
to the end of the south 1,652 67 level, and I have let a contract to extend 182.26 this level another 200 feet south. The 1,752.54 stopes going north are also about in to the 427.00 end of the level and it is my intention to 200.00 extend this level also. In the north end the 4.209 23 stopes are not quite so wide, as we are now coming to where the lode pinched in the level. $112,50174 | The stopes from north to south now measure close on 400 feet long, with an average width of 12 feet of crushing stuff with about 70 feet of backs still to work over the whole distance, This represents dyer two years' supply of ore at our present rate of crushing, with a prospect of extending these stopes indefinitely. Added to this we shall soon have the No. 2 or 246 This if it feet level in working order. 7368.54 should turn out well should more than double 1,000 00 our available supply of ore reserves in this 25.00 section alone. I have not yet been able to resume the sinking of the main engine shaft, 10,024.26 which has still to be sunk 15 feet before we are down the required depth of 103 feet $41,641.01 below the 14 feet level. I am afraid I shall not be able to resume the sinking until the inousoons are over, as it takes the present pump 37,75733all it can do to keep out the water coming from 1.149.82 the No. 1 level, and I shall not be able to fix the new 10-inch oue until the shaft is down and plat cut. This pump has a capacity of three Hmes our present one. The delay will not be of much importance, as the work is not press- ing.
25.00
2,691 46
B 00
$41,641.61
The following is thining Manager's re port for the five weeks ending the 5th December, 1895 :—
Raub Hole No. 2 Shaft-The main crosscut at the 220 ft. level has been extended 23 feet, making the total distance in 72 feet. At this distance in I determined to stop it. as I found the lode in the winze, which is being sunk from the 120 ft. level, was taruing and coming back to the east, and therefore we were too far in to cut it. I came back in the crosscut to 30 ft. in from the shaft and opened out on a small vein
of quartz about 2 inches thick, that we cut when driving the crosscut. I think there is no doubt that this is the lode formation. 24 feet has-now been driven on it, and it still continues about the same thickness, 2 to 3 inches. The ground in black slate underlying to the east 1 in 4. It is very hard blasting and quita dry. I will con tinue the drive on this quartz until we get under where the winze is being sunk from the 120 feet level and then put up a rise to meet the wiuze. This winze is поч down 45 feet, and is making a lot of water, which makes the sinking very slow, as it takes us.nearly all our time bailing water. In the bottom the lode is about 5 inches thick, but car- ries no gold, the winze baring passed through the gold-bearing shoot of ore about 30 feet dowu. The main ore-shoot is keeping its regular course and gradually widening as it goes down south at a uniform angle of 1 in 5. At where the winze is being sunk it measures vertical about 70 feet, and will average about 2 feet thick, and within these limits it carries good gold. At the present rate of its dipping we shall not cut
Western Lode.There is nothing fresh to re- port from this section. Stoping is going on as usual, and a fair quantity of crushing stuff is being sent to the mill from here. The lode is very irregular in its formation. At present it is going almost flat to the west; this makes the ground very heary, as it is soft, and the water finding its way from the surface makes it worse and gives a lot of trouble to secure it. We are also working a small ore body about 30ft. west of our main stopes which shows a little gold and is sent to the mill for crushing.
Bukit Malacca-The ground is being levelled for machinery site, and as soon as the railway is finished to here a boiler and the necessary pumping machinery will be placed in position and the sinking of the shaft resumed Opposite this shaft is the present terminus of the rail- which is a distance of about 2 miles from the battery at Raub.
way.
Battery. A rough clean up of this took place on the 1st instant, 1,400 tous having been put through the mill for a yield of 1,700 oz. amal- gam. The mill ran steadily during the whole 35 days, crushing the above number of tons. After effecting some small repairs crushing was resumed again at 6 p.m. the same day. As all the mines at work are connected by the rail. way with the mills a more accurate record of the number of tens crushed and the proportion from each mine sent to the mill can be kept.
[December 1895
since starting to work the line. Since startin work everything has gone along with th greatest regularity, and there has not been slightest interruption with the work. This is market contrast to the iniserable plight we wer in during N.E. monsoon, when more than ha our bullocks died in our efforts to keep the mi going, and then the mill was hung up half th time. We would have been in as bad or eve worse a position this year had it not been fo the railway. The work is now being done wit the greatest ease at about one-fifth the cos besides being able to crush a greater quantit of ore. To illustrate the advantage of the rai way as against the bullock cart I think I cann do better than give the cost of transport und the two systems. The following was the cost p day of bullock carts for carting ore only eighteen drivers at 50 cents, $2 feed for bullock 6 coolies, grass cutting and preparing for $2, carpenters, wheelwright, and blacksmith $ sundries, say $2. This does not include lo of bullocks nor interest on capital. I ha not allowed for the upkeep of roads, as I estima this to be about the same in the railway as the road. Total cost of bullocks per month 30 days, say $696, cost by railway per day, of driver and fireman $2, two coolies $1.20, fir wood $1, repairs, oil, &c. $1, total per d
In addition $5.20 or $156 per month. the above saving the battery will be able put through not less than from 20 to 25 p cent. more stuff, and during the N.E. monso at least 50 per cent. more. Of course as oper tions at the different mines are extended t difference will become greater. In addition the carriage of quartz to the mill a consideral saving is effected in bringing in firewood a carrying timber to the different mines. T alone will effect a considerable saying. I month.
From my short experience making and ri ning this railway, I cannot help thinking tl the Government are making a great mistake not making a light mountain railway betw Kwala Kubu and Kwala Lipis. The first a would not be much greater for a light railv than for the road. There is abundant wa power along the proposed route to make it. electric overhead trolly system. My only cuse for referring to this matter is that a li railway would be of a vastly greater service this Company and the rest of Ulu Pahi generally than the proposed cart road, It we also have to advantage of earning someth towards its upkeep, which the present road ▾
not.
WM. BIBBY, Mining Manage
THE NIPPON YUSEN KAISHA,
The following are the accounts presente the half yearly meeting of the shareholder the Nippon Yusen Kaisha held at Toky the 30th ult. :
REVENUE.
yer
Receipts for the period under review 3,575,45 440,00 Government subsidy Amount brought over from last account 198,2(
EXPENDITURE
Working expenditures .. Interest paid on debentures Paid to reserve for depreciation in value, etc., of vessels, for insurance, and for repairs...
Balance (net profits)
This was dealt with as follows - Reserve for depreciation of value-of
4,213,6
3,125,5
63,90
66,39
3,255,8!
957,8
9,7
buildings Reserve fund I.
..... 41,3 Remuneration to managing directors 7,8 Dividend at the rate of 10 per cent per Carried forward to next account ACCOUNT OF CHARTERAGE VESSELS BY
GOVERNMENT. REVENUE.
amum......
440,0 458,9
Railway-All the hoppers at the different working shafts are completed and connected by rail with the mill. The line is now completed within about 300 yards of the terminus at Bukit Malacca. I have a small gang of eight | Receipts coolies employed levelling up the track and Amount brought over from last account 1,878,3 packing sleepers which have sunk a little owing to the continuous heavy rains we have had
4,628,0
6,007,
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