Cr.
£ s. d. 89,532 1 4
April 16, 1898.]
By balance from last ac
count
Less-
Dividend paid
March, 1897, 10,04120
Amount placed
to credit of
depreciation,
boiler and re-
servefund
28,000 00
- 38,041 120
By profit realized.....
!
£
CHINA OVERLAND TRADE REPORT.
2
s. d. have little water to contend with. Such
quantity of water of course gives us a lot of dead work, and makes the sinking rather costly.. but this trouble once over, the shaft should go down at a reasonable price.
1,490 9 4 66,814 17 8
£67,805 7 0
THE NEW BALMORAL GOLD
MINING CO, LIMITED.
The General Managers, Messrs. John D. Humphreys & Son, have received the following report from their mining manager :--
Monat Macdonald,
11th March, 1898. I have the honour to report up to date 11th March, 1898.
Queen Mine-Cross cut drive at 350 feet level extended total 30 feet, ground hard and dry with strong westerly underlay, similar to ground met with in shaft after passing through main wall; will drive an additional 10 feet and then put in a drill hole several feet to prove the country before resuming sinking as per last report. Contractors for re-erecting. Battery making fair progress and doing first class work.
OLIVERS FREEHOLD MINES
LIMITED.
+
The General Managers, Messrs. John D. Humphreys & Son, have received the following report from their Mining Manager:-
Mount Macdonald,
11th March, 1898. I have the honour to report on the above mines as follows:-
Eureka Mine.-300 feet level, extended drive on reef a total of 32 feet; reef from 7 to 8 feet wide; solid and well defined between two good walls and shows gold. During the coming fortnight a chamber will be cut on the eastern side of shaft; chamber sets put in and timber- ing completed to bottom; also ladder way, after which driving of levels North and South will be resumed at once. Winze to connect the 200 with the 300 feet level sunk a total of 25 feet; reef from 7 to 8 feet wide; in appearance equal to any yet seen. Stopes above the 150 feet and 200 feet levels yielding sufficient ore to keep the 20 head employed; could double our present output from stopes already opened up.
Eureka B shaft snnk 33 feet, timbered 25 feet; work suspended here pending an opportunity to let the work on contract. We are at present engaged cutting bye-washes from the lower battery dam to carry the storm water away, so as to prevent the water carrying away our tailings, etc., on to the adjoining Company's ground.
Crushing, winding plant, and all under- ground workings in first class order.
GREAT EASTERN AND CALEDONIAN GOLD MINING CO., LIMITED. The following report has been received from the Manager at the mines:-
Mount MacDonald,
14th March, 1898. Great Eastern Main Shaft has been sunk a further depth of 11 feet, making a total depth from brace of 152 feet, The country in the bottom of the shaft is softer and better shooting ground, but carries more water than the harder country. Should the good shooting ground
contiune down to the 200 feet level, we will then be able to do the cross-cutting at a rory small cost.
Caledonian Main Shaft is down a further 10 feet, or a total depth of 103 feet from brace; we have now much better breaking ground, but still a great lot of water. During the last fortnight the average quantity of water bailed has been over 7,000 gallons per day, but this is a great gain on the previous quantity of 18,000 gallons. When the old workings are drained I expect to
Zulu Main Shaft is now down to 103 feet from brace. During the last five days no sink- ing has been carried on owing to a stage haring been put in at the 70 feet level, and the men are now driving south on the reef, which is 18 inches wide, to get out a few tons of quartz to be sent to Messrs. Knox, Schlapp & Co., Mel. bourne, for au expert report as to the best mode of treatment, very important to us, as the stone carries a lot of rich mineral, not treatable by a simply battery. This opinion will come to band quickly, and be an independent one from Krupp. As far as can be seen the Zulu reef is highly payable. All the stone taken out so far will yield not less than two ounces per ton, but of course before the extent of the reef can be proved a fair amount of development work must be done. I can only say the prospects up to date are very good indeed. I am sure that if the Zulu, Rise and bine, and Bank of England, all on the same line of reef, were well opened up. they would prove a first class property, not counting the probability that they would form one solid reef at a depth.
Prospecting Shaft Gold Lease 37.--This has been sunk a further depth of 12 feet, making a total depth of 107 feet from brace. There is nothing fresh to report in this shaft. It is making a little more water, which in this case may be taken as a sign of being close to a lode, but we are still in broken country, and the water might come from cracks or floors in the rucks. The good main walls with a very eren underlie are still going down with the shaft, which gives one good hopes of cutting the reef in this part of the property. I think we are strong dip north on the main line of reef. too shallow yet, for the chutes have all a very
Surface Works.We are enlarging the stable and making improvements to the store room prior to the setting in of the cold weather.
Dani.--The contractor starts to-day.
The General Agents of the Great Eastern and Caledonian Gold. Mining Co.. Limited (Messrs. Lutgens. Einstmann and Co.), inform us that they received a telegram on Thursday from the mines at Mount MacDonald inform ing them of the discovery of a new lode in one of their shafts. The telegram is as follows
Bank of England shaft. Lode in bottom of shaft. The total width is three feet: contains visible gold."
One
THE YOKOHAMA SPECIE BANK,
LIMITED,
sented at the half-yearly meeting held at Yoko- The following is the thirty-sixth report pre- hama on the 10th March :- To the Shareholders,
Gentlemen:-The directors submit to you the annexed statement of the liabilities and assets
of the Bank, and profit and loss account for the balf-year ending December 31st, 1897.
| half-year, including yeu 251,303148 brought The gross profits of the Bank for the past forward from last account, amount to yen 4,747.514988, of which yeu 3,440,747 393 have been deducted for current expenses, interest on deposits. &c., leaving a balance of yen 1,306,767 595 out of which yen 63.327-800 have been written off for officers' remuneration.
be added to the reserve fund, increasing it to The directors now propose that yen 200,000
yen 5,964.000; yen 100,000 be added to the reserve for equalization of dividends, thus in- creased to yen 696,000 and yen 50,000 to be set aside for the contemplated new building. From the remainder the directors recommend a divi- dend at the rate of fifteeu per cent. per annum, which will absorb yen 450,00 on the old shares, and yen 168,750 on the new shares, making a total of
you 618,750.
The balance, yen 274,689-795, will be carried forward to the credit of next account.
NAGATANE SOMA, Chairman, Head Office, Yokohama, 10th March, 1898.
POLO.
305
The final match in the first tournament for the second cup very kindly presented to the Club by Hon. F. H. May, C.M.G., was played on Monday last, the opposing teams being:-
THE KING'S OWN Regt.
Mr. Johnson Captain McLachlan Captain Paton Major Gawne
V. THE R.A. & R.E.
Mr. Nugent, R.E. Mr. Des Voeux, R.E. Captain Burney, R.A. Captain Tancock, R.A. Captain Tancock took Mr. Bannerman's (R.E.) place at the last moment, the latter officer being becalmed on the high seas between Macao and Hongkong in a well known sailing yacht, with no rations on board, we hear, with exception of a loaf of bread-presumably Macao, as that was bis last port of call-and two hard boiled eggs (black ?).
The day was fine and the ground in very good order, and there was a good attendance of spectators.
Shortly after starting the ball was carried down to the King's Own goal and after a lot of give and take play on both sides the Regiment forced the R.A. and R.E. defence and Johnson hit the first goal scored at the Nullah end. After the throw in Major Gawue got hold of the ball and worked it up towards his opponents' goal, and backed up by Johuson the latter would have scored again had not Nugent sased well with a back-hander just in frout of his own goal. Shortly after this "a foul" was given against the Regiment. Burney taking the bit failed to equalise matters, Paton getting it well away from dangerous proximity to his own goal post. Now several attacks were made on the R.A and R.E. goal, the Regiment seeming to have rather the best of the game and should have scored once or twice if the shooting had been less erratic, i.e., if direction had been brought into unison with the amount of powder behind the shot. "Hit hard and always in the direction of your opponents' goal." Des Voeux now brought the ball away and made a good run down the left side of the ground, and failing to bring it into the centre, by overriding, Burney, who was backing him up well, centred the ball and Tancock hit a good gaol with a back- bander. On the throw in Des Voeux received the ball on the near side and after two or three
very good near side strokes ended up with a sub. at Kennedy's end. Now the bell rang, score being 1 goal and 2 subs. all. This was a good quarter, well contested and very evenly
matched.
Shortly after restarting the game Tancook scored a sub. Some good play was now shown by McLachlan and Johnson, and Tancock, to save his own goal, hit behind, and McLachlan took a "corner," but although he centred well the ball was got away by Nugent and Tancook. There was now a slight interval for change of ponies. On recommencing operations Burney hit a sub. with a nice long shot, shortly followed by a goal scored by Des Voeux. After the throw in Des Voeux was again en evidence and mak- ing a very fine run down the ground ended up with a very nice goal. Some goodish play was they failed to increase their score. now shown by Johnson and McLachlan, but Barney now brought the ball down the ground, helped pretty long shot. Half a minute more to play, by Tancock, and the latter hit a goal with a
and in 17 seconds Burney caused yet another goal to be marked up to his side, the R. A. and R.E. thus winning by 5 goals and 4 subs. against 1 goal and 2 subs. The Regiment seemed to fall to pieces rather in this quarter and were outclassed, Des Voeux and Burney being rather too much for them, whilst Nugent defended his goal very well, putting in several useful backhanders just when they were wanted, and Tancock played remarkably well considering the fact that he has not played polo for two years and has never put his leg across a China pony before. Johnson and McLachlan played well, but we have seen them both to better advantage. Major Gawne played an anselfish game and Patou at times put in some useful work.
The Cup was not on the ground, but is ex- pected by the incoming English mail,
Lieut. Colonel The O'Gorman very kindly umpired.
BAMBOO ROOT.
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