$12
Dividends unclaimed
Balance of profit and loss account
1,165.80 38,124.06
$348,318.35
ASSETS.
$
Plant, cost of, as per last account $178,818.64
Less amount provided for depro-
ciation
12,500.00
166,118,64
Cost of plant sinco added
29,031.80
Property, cost of land and buildings
Installation material, stock of
Storos and coal, stook of
Tools, &o., on band
Furniture, cost of
Insurance, value of unexpired portions of
policies
Sundry debtors
Hongkong and Shanghai Bank, cash with
Cash with agents
WORKING ACCOUNT,
Dr.
To salaries and wages
To installation material
To coals
To storos
To charges
To office expenses
To rent and taxes
To repairs
To insurance
To tools
To auditors' foes...
0.
195,160.53 6,607.35 24,756.51 7,015.34 1,433.21
675.10
100.00 9,246 73 40,645.26 3,783.28
THE HONGKONG WEEKLY PRESS AND
THE PUNJOM MINING CO., LIMITED.
The Secretary of the Punjom Mining Co., Limited, advises us that he has received the following progress report on the work carried on at Punjom during the month of May :
300 feet Lovel.-The main crosscut north-east has been further extended a distance of 25 feet making total length of drive from shaft 324 feat. At 309 feet, we cut through a lode which will average over 6 feet wide, and is a well de- fined piece of stone carrying two good walls. This stone is bearing north and south and is, I think, a part of our North and South Lode. When first met with this stone gare by assay two dwts. per ton. We suspended operations in the main crosscut and brought the men back to open up on the course of the reef; distance driven 25 feet.
North Drive on Course of Reef. The stone $343,313.35 here was not continuous and by continuing the drive we have apparently driven through the chute of stone. The ground, however, is vory $
favourable; in fact we have not had more pro- 21,001.00
mising ground in any part of the mine than we 17,871.31 17,755 5S
have at this point. We have to keep it close tim- 6,744.26
bered. Distance driven in the month 30 feet 6 2,137.77 inches. 2,000.00 South Drive on Course of Reef.-The stone 1,398.00 here maintains the same size as when first met 1,238.23
with and has improved in value from two dwts. 398.81 140.90
to four dwis. que graiu per ton, and I am of opinion that it will further improve as we extend south. This stone appears to be a new chute and is of a very promising appearance, as per $100,307.64 sample sent. Distance driven, 15 feet.
East Drive. There is not much change to $ C.
notice here; the leaders are continuous and the
38.17 25.00
100.00
To amount carried to profit and loss account 20,433.12
Cr.
By gross earnings of the Company
By interest...
By scrip and transfer fees
PROFIT AND Loss AccoUNT. Dr.
To balance available for appropriation
Cr.
By amount of undivided profits as per last
account
By balance of working account brought down
ENGINEER'S REPORT,
100,244.47 ground is more favourable for driving. Dis-
$100,307.64
$ 0, 38,124,05 $ 0.
8,690.93 20,433.12
38,124.05
Hongkong, 16th June, 1898,
tance driven 35 feet.
West Drive was commenced on the leaders that our East Drive is continued on, but they were not continuous west but turned around to a bearing due north, This then produced a nice looking lode about two feet wide carrying free gold in the stone, specimens of which were forwarded. The gold here, however, was not persistent. The course of the reef, however, is well defined and water is flowing freely from the face. This also requires timper kept well up. Distance driven west, 14ft.; north, 26ft. 6in.
Winze 200ft. Level.-Very slow progress has been made with this, only 7 feet 6 inches having been sunk. We have had a lot of water to contend with and have been delayed by
The Directors, The Hongkong Electric Com-fixing of appliances to handle same.
pany, Limited.
Gentlemen, I have to report that the num. ber of incandescent lamps installed and con- nected to the Company's mains on the 30th April, 1898, amounted to 3,876, equivalent to 6,720 lamps of 8 candle power, being an in- crease of about 700 lamps during the year.
The number of are lamps supplied and by the Company remains the same as at the date of my last report, viz.: 75 are lamps for street lighting, and 7 arc lamps supplied to H. M. Naval Yard.
lit
During the past year the Company's in- candescent lighting plant has been increased by the erection of a new engine and alterna- tor, which were brought into service for main- taining the supply during the periods of heavy load in the winter months
The plaat and michinery has been main- tained in good working order.-I remain, gentlemen, your obedient servant,
W. H. WICKHAM, Manager,
The Chinzci (Nagasaki) says:—HM.S.S. Grafton, Barfleur, Undaunted, Iphigenia, and the torpedo-boat destroyers Fame and Hart, now lying in harbour, will leave on the 21st inst. for Hakodate, where they will stay two days, proceeding thence to Aomori Bay, at which place they will remain one week. The squadron will then leave for Yokohama, where the Powerful will join it. The whole of the vessels will then return to Kobe, where they will probably remain several days. The squa- dron is expected to return to Weihaiwei on or about the 18th July next. The Centurion and Narcissus, now at Weihaiwei, after being joined by two warships expected from home, will leave that port for Nagasaki on or about the 20th July next.
Stopes 10 feet.-Have been continued but are nearly exhausted. operations here for the present.
Prospecting West.-Wo havo suspended winze below the drive we put in before to depth of 15 feet and opened up a drive to intersect the
Wo sank a
leader, but we find the old workers have again beon deeper than this and have taken out all the stone. I am of the opinion that this is a part of the Tankong stone.
New Find No. 1 Level. This is driven now 21 feet in solid quartz and a more promising lode than we have here would be difficult to find, although from test and assays made it shows for free gold, assaying only from one to two dwts per ton.
poor
No. 2 Level,-This was commenced to cross the same run of stone. This is further away from the lode than No. 1 and is still in country rock but carrying leaders assaying from two to three dwts.
❘
No. 3. This
was driven to test an outcrop running at a different angle than the main course of stone and from what can be seen at present is making down only in the shape of leaders, but from assay and pannings we find this to carry gold of greater value, assaying dwts 6 grains per ton. Although this will not pay to work I consider it favourable for the main body.
|
Tankong-We have again resumed opera- tions at this point after a lapse of eight years and from certificates of assays forwarded will show you that the value of this gives from 7 dwts to 18 dwts per ton. I think, however, that most of the gold is held in the mineral as per assay report :—Gold, oz. 4 79; Silver, oz. 1 3 18; but the gold from this will be recovered by pans and cyanide works.
The Lode here is, I should judge, about 15 feet wide although at present we have not
June 25, 1898.
reached the hanging or foot wall; the outcrop can be traced for some distance and I believe will be found to be of great value.
Outside Prospecting No. 1.-We have other places deserving of further prospects in which there are large masses of stone; but we have not found the Lods as yet. Washing from the creek, however, gives good results and stone brought in by members of the staff gives by assay 8 dwts. 4 grs. per ten,
Outside Prospecting No. 2.-The prospects here are not so good although there is more stone to be seen but it only gives under two dwts. per ton.
General Prospects of the Company were never more hopeful or encouraging than at present, although the returns may not confirm this for some time.
Milling was carried on for 29 days, orushing 50 tons from the mine, 100 tons from Tankong Section, and 2,400 tons of old headings for total yield of 262 ozs. of smelted gold.
Berdan Pans.-These only worked about half time owing to putting in new liners; we treated, however, 20 tons of old concentratos for a yield of 15 ozs of smelted gold.
Cyanide. The new chemist arrived here on the first of the month and the greater part of his time has been devoted to the neces- sary test and slight alterations to plant. Work, however, was resumed here on the 20th inst., but we had not treated sufficient tailings to ad- vise a clean-up. We hope, however, to have a good yield from this next month.
Buildings.-
-A new house has been built for Mill and Cyanids Superintendents,
General. Everything coming under this head is having our best attention.
Labour. This is plentiful and health of camp remains good.
Rainfall.-Rainfall during the mouth was 6
inches.
KAUB.
DISCOVERY AT BUKIT HITAM.
A telegram has been received from Raub, dated 12th instaut, reading "Have struck reef at Bukit Hitam, carrying gold. In it, there are 15 inches; not yet through. Shaft has been flooded temporarily."
FIVE-WEEKLY REPORT.
The report by the Acting Manager of the Raub Mines for the five weeks ending on the 8th instant runs as follows:-
Raub Hole.-Bukit Impey. This lode con. tinues about four feet wide of quartz and quartz leaders, but no gold can be got in it. I have driven .north on this, a total dis- tance of 113 feet. As there was no indication of any improvement, and requiring the miners for more important work, I stopped this for the present. The south drive on the
course of main lode has been extended 28 feet. The lode is only a few inches thick, and so far no gold has been seen in it. The main north drive has been extended 15 feet, making the total distance north from the crosscut 372 feet. There are fully 12 inches of quartz and quartz leaders in the face of the drive in which fair gold can be seen although it is not
it was quite so good as
a little further back. Wiuzo, I am sinking a winze from the 100 feet level, a few feet north of the main crosscut at the main engine shaft. The winze is now sunk about 32 feet and has another 62 feet to go before breaking through to the level below. This winze is being sunk to ventilate the 200 feet level and enable us to work the new chute of ore to advantage.
Bukit Koman.-No. 1 (140 feet) level. I am pleased to report a considerable improvement in this level, both in the north and south drives, and also in the south stopes. The following are the particulars: North drive 140 feet level. We are taking the lode out the full width of the drive, which is fully eight feet, and there is still quarta on the east sides: how much I do not know. The lode is very mullock and split up, but carries better gold than it did. Good gold can frequently be seen in the ore as we break it. The drive has been extended 32 feet, making the total distance north from the main orossent 706 feet. Winze No. 1 north. This the rise, has at last holed through to giving as good ventilation in the north drive. No. 2 level. This also gives us other two faces to start our stopes from, when
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