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THE HONGKONG WEEKLY PRESS. A
THE HOOLEY-JAMESONBYNDICATE. Live stock
Mr. K. Frosell writes us:-It might interest you to know that the Hooley-Jameson Syndi- cate, Limited, was registered by E. T. Hooley, J. E. Jameson, and K. Frosell on the 30th of April and went to allotment immediately after. Its capital in 2 million dollars and its Chair- man is Sir William Des Vœux, ex-Governor of your city. The shareholders are Lord Craw- ford of Balearres, Lord Dashurst, Lord Ashburton, Lord Barclay of Ellesmere, E. J. Pape, capitalist, Mr. Hill, Chairman Notting- ham District Bank, and Hooley, Jameson, and myself.
Mr. Hooley's late failure does not affect the Syndicate in the least, and neither Hooley him- self, if 1 am truthful. His enormous fortune and the numerous law suits against him com. pelled him to ask for the court's assistance to settle his affairs once for all.
Our Syndicate possesses valuable coal and railway concessions in China and engineers are already on the way out here to commence the work.
1
THE PUNJOM MINING
Head office furniture
Furniture at mines... Suspense account
Joe. Morrison & Co., Ld.-London Petty cash in hand in Hongkong.....
agents
Cash in hand, Hongkong and Shanghai Bank-Singapore... Cash in hand at Pekan agency Amount advanced to telegraph
master at Kwala Lipis
Hongkong and Shanghai Bank–
dividend account, 1896. Accounts receivable:-- Amount advanced on October win-
nings
$9,178 72 Proportion of amount advanced on
Nov. winnings $4,380.42
320.00
301.80
976.64
143.05
2,415.76 67.89
3,773.20 249.90
17.92
1,556.83
13,565.14
138,254.51
$297,518 35
WORKING ACCOUNT 1ST OCTOBER TO 15TH NOVEMBER, 1897
To cost of mining
Dr.
..$9,190.53
To cost of milling ...................................................
To cost of calcining
To cost of oyaniding..
1,863.92 392.30 3,841.66
CO.,
.$. 14.00
Charges on gold shipment
191.40 72.6.
369.57
To head office expenses....
LIMITED, IN LIQUIDATION.
The following is the report for presentation to the shareholders at the meeting to be held at the Office of the Punjom Miding Co., Limited, No. 9, Praya Central, on Tuesday 26th July, at
noon :-
#
Gentlemen,-I beg to submit herewith statement showing the manner in which the Liquidation of the above Company has been effected, to 15th November, 1897, the date of the incorporation and registration of the Pan- jom Mining Co., Limited (New Company.)
The assets, amounting to $138,254.51, have been handed over by me to the New Company.
In accordance with the agreement entered into with the Punjom Mining Co., Limited (New Company) all shareholders, who have applied, have been granted shares in that Com- pany
in exchange for shares in the Old Com-
pany.
At date, 59,165 ordinary, and 28,599 prefer. énce shares, have been allotted.
JAMES B. Duncan, Liquidator.
Hongkong, 18th June, 1898,
STATEMENT OF ACCOUNTS TO 15th November, 1897.
Preference capital, 30,000 shares
at $1 each
Unpaid dividends for 1898
Accounts payable:
Q.
LIABILITIES
Ordinary capital, 60,000 shares at
$4 each
.$240,00 .00
30,000.00
270,000.00 1,556.83
Director's fees from 1st October,
1898, to 15th November, 1897... 2,812.50 150.00 Anditor's fees as per last statement Royalty to Cassel Co. as per lust
statement
1,291.80
Insurance on gold, éte,, as per last
statement
Legal expenses as per last statement
Manager at Punjom
868.35 5 :0.00 5,512.30
Syme & Co, Singapore agents Deposit account with employees at {{Punjom
2,112.19
Amount overdrawn at Hongkong
870.00
and Shanghai Bank, Hongkong 1,933.43 Accumulated dividend on 20,000 preference shares from 1st October,
1896, to 15th November, 1897, at 12 per cent. 13 cents per share 4,050.00 Proportion of November disburse-
ments chargeable to old Company 6,758.95
Cost of estate
ASSETS.
Preference dividend, 1897 Balance at debit of working account on 15th November, 1897, as per statement annered
Sundries taken over by the New Co.,
incorporated 15th November, 1897.
Machinery and plant ...
$48,000.00
Stores in stock at Punjom
18,478.05
Opium in stock at Punjom...
2,322.00
Provisions in stock at Punjom
1,489.87
Buildings..
9,228.25
Main shaft
Cyanide plant
Main and Klidah dams
3,000.00
Water wheel..
8,000.00
Roads and bridges
2,093.15
To Sundry Charges
Travelling expenses
Upkeep of police
Gold purchases
To Manager's salary and office expenses To ageney fees and general expenses at Punjom To royalty to Sultan of Pahang
To director's fees
To hotel and hospital expenses................................. To land cultivation
To interest ........... To Toh Kaya at Lipis
Cr.
C.
$15,288.41
647.57
642.13 1,430.70 618.90 1,072.26
312.50
[July 2, 1898.
boundary of Mining Tenement 32, vide plan, had to be taken down a foot, called the Zulu Point, where the plan shows old workings, and after coming upon a few small floaters, we dis- covered below them a very promising reef with coarse gold sticking in the stone, the quarts being of the same class as the other chutes. It is still too early to say much about it, but as the find is already over 6 inches wide and is getting larger, with the stone showing gold freely, and as the course of this reef is paralell with the main lode, we have probally made a rich dis- covery. We are saving the loose staff around the reef, as it is intersected with little pieces of quartz, showing good gold when washed in the dish. Old hands have always said that the Zulu Point would prove very rich, when pro- perly opened up, and we are proving the truth of this now.
Rise and Shine.-We have struck the reef here also. The jumbled up ground and the uncertainty of information about the exact location of the old workings underground caused the long delay, but we have been re- warded for our perseverance by the finding of a very large body of ore, many feet wide. It must be the same reef as the Bank of England, for the quartz is exactly the same kind, as large a reef as in the latter shaft, and of the same richness. We are losing no more time in proving it, but continue the old shaft another 50 feet, a matter of only £150, as the shaft is only 3 by 6 feet wide, and then open out upon it, having fully located it now.
Bank of England is now 48 feet deep, and seems to improve as we are going down. The 382.81 reef in this shaft is 7 feet wide, and we are 399.38 raising splendid stone. The estimated quantity
on grass is about 80 to 90 ton.
33.28 30.00
$20,894.34
$ 0.
Caledonian Shaft.-We are busy cutting out chamber prior to driving for the reef. The depth of the shaft is 153 feet, which will be increased to 160 in order to have a well for the
By balance brought forward from last account 8 6,587.75 water, which is still very strong, but whilst By gold Account:--
Proceeds of gold won by milling $9,448.94 Proceeds of gold won by calcining 1,244.23 Proceeds of gold won by cyaniding 2,871.97
By exchange account
By transfer fees......
13,585.14 .08 60.00
By profit on sale of stores
......8 325.93
By profit on sale of provisiona.
By profit on sale of opium
123.23 70.39
By balance...........
519.55 211.84
$20,894.34.
GREAT EASTERN AND CALEDON IAN GOLD MINING CO., LIMITED.
Messrs. Lutgens, Einstmann & Co., general agents of the Great Eastern and Caledonian Gold Mining Co., Limited, advise us that they have received the following report from the manager at the mines, dated 30th May :-
My last report was dated the 7th inst. Since then matters have gone on well, and I am pleased to have nothing but good news to put before
you.
Great Eastern Drive is now 22 feet East and 15 feet west. The drive east towards the main reef show stringers of quartz in the face, and we expect that a few more foot will cut it.
Zulu Main Shaft.-This is now down to 128 feet, with the new chute, which we have struck, running right through it from end to end, from north to south, so that we are now sinking on the course of the reef, getting out stone all the time as we are going down. The reef is fully 2 feet wide, of which I informed you by wire on the 30th May, having every indication of widening out with greater depth.
25,969.52
$297,516.85 e. હ્ર 155,000,00 The stone we are getting out is very rich, 4,050.00 nearly every piece showing gold to the naked eye, with heavy mineral, and as it seems to im- 211.84
prove the more we are raising, it is difficult to say how rich it will be. It is without any doubt the northern chute, which we expected to cut some time since, and the fact of coming across it is another proof of the value of this acquisition.
10,000.00 · 12,255.36
We have already a few tons of ore in the pad- dock. The water is also less troublesome.
There is still a further piece of good news to tell from this claim. in lengthening the whip road a few feet, the side of the hill near the!
this was a source of trouble formerly it is a very welcome addition now, as we are able to turn it into our dam, the excavation of which has been finished now, leaving only the squaring of the embankment and the bye washes to be done. The length of this large dam is over 300 feet, with a width or 120 feet at the upper half and about 100 at the lower one. The depth at the lower end from level of bye- wash to bottom of dam is about 25-fest, whilst the upper embankment enables us to back the water up to an average depth of 10ft. The lower embankment, which will be used as a road to cart the Zulu, Rise and Shine, and Bank of England stone over to the battery, is 30 feet wide and very strong, and &
bridge of logs will be put over the byewash. No drought will empty, this dam, when once full, and it will be sufficient for any increase in milling plant. The water from our Caledonian Shaft makes us independent of all dry weather, which is very much in evidence again.
THE SOUTH RAUB SYNDICATE,
A Syndicate has been successfully floated in Singapore to take up and thoroughly prospect certain areas, to the south of the Raub conces sion and abutting thereon, formerly prospected to some extent by the Malay Peninsula Pros- pecting Company. These comprise the gold workings formerly managed by Mr. Edols, and a contiguous area on the opposite side of the narrow valley through which now passes the new Pahang trunk road, at this point almost continuous with the old Pahang bridle track ly. ing between Rajah Impi's house and the Raub Village. It is the expectation of the syndicate that by proper exploration the reefs which are now being traced and worked through the Raub concession may continue in as well marked a way through the South Raub Syndicate's property, which is held on a lease granted by the Pahang Government, primarily, it is un- derstood, to Mr. Osborne and Mr. Williamson Jones. The capital is $50,000 in 500 shares of $100, all of which are taken up locally. The South Raub Syndicate will start with a number of advantages as to transport facilities, labour, &o., not enjoyed by other Pahang companies, certainly not by the Ranb Australian Gold Mining Company itself.
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