May 27, 1899.]
The traffic both to and from Kowloon has shown steady development throughout the year. DIRECTORS.
CHINA OVERLAND TRADE REPORT.
PUNJOM MIMING CO., LIMITED, The following is the Manager's report for
Mr. A. Haupt, Mr. C. S. Sharp and Mr. E. | April:- 8. Whealler retire in accordance with the Articles of Association. Mr. E. 8. Whealler being eligible offers himself for re-election.
Mr. A. Haupt and Mr. C. S Sharp having resigned, their places have been taken respec- tively by the Hon. C. P. Chater, C.M.G., and Mr. P. Sachse, and the appointments of these gentlemen require confirmation.
AUDITOR.
JALIS.
August Shaft. Level No. 3 (200 foot Level.)- The long drive northerly at this level was ex- tended west off north 6ft, when it was stopped, the rock being very hard and nothing payable or of sufficient promise to seem to warrant con- tinuing it showing.
rospooting Winze No. 1.-Drives from this winze were coutinned 7 feet in several directions Mr. W. H. Potts has audited the Accounts and winze from one of these drives 3 ft., follow- now presented and the Directors recommending ore as much as possible, but it was much twisted about and broken up and nowhere him for re-election.
continuous here, hence work was stopped at these places. About 30 tons of low grade ore was stoped from above these drives, but not yet milled.
E. S. WHEALLER, Chairman.
Hongkong, 17th May, 1899.
BALANCE SHEET, 31st DeceиBER, 1899.
To capital-
To accounts payable
LIABILITIES.
ན་
0.
$
10,000 shares at $10 each ($7.50 paid-up) 75,000.00 'lo reserve fund
2,000 00 18,484.28 551.81
$96,016.09
$
To balance of profit and loss account
By 4 ferry boats
By amount paid for goodwill
ASSETS.
By less amount written off
$15,000 6,000
By Hongkong and Shanghai Bank
By cash in band
By accounts receivable
PROFIT AND LOSS ACCOUNT,
0
Prospecting Winze No. 3.-Drive from this winze was extended easterly 5ft., mostly in very low grade ore which practically all cut out, hence work was stopped at this place.
TANKONG.
Surface. Au open cut, large enough for a cart road, was started here and out in 62ft, near to and a very little above adit levels, to facili- tate mining the ore developed by these adit levels above its level. This cut will have but a 73,455.00❘ few feet further to go to cut this ore body.
Level No. 1 (50 feet Level) Crosscut.-I have designated the lode cut herein, per my report for March, as Lode No. 2, to distinguish it from the Lode Level No. I was first driven ou and Level No. 2 is driving on, which I have called Lode No. 1.
10,000,00 100.00 11,759.41 701.68
$96,016.09
..
8,992.19
$
To repairs and alterations to boats To balance appropriated as follows-
Directors' and auditor's fees
$1,000.00
Dividend of 75 cents share
per
7,500.00
Transferred to reserve fand
2,000.00
Written off goodwill.
5,000.00
Carried forward to new account ..
551.81
By net earnings of boats
By interest
By sorip fees
By profit on sale of old “Moruing Star"
To balance
RESERVA FUND.
By transfer from profit and loss account
16,051.8!
$25,044.00
$24,122.18 336.04 53.00 532.78
439
they were stopped, nothing of value or promiso being developed by them.
No. 3 Cutting. This was started towards what appears on the surface may be a lode, and was cut 39 feet, not being yet far enough to develope what it is being put in to show,
Considerable other surface prospecting was continued to be done here and some payable ore found, but no lode, determined in place, yet located.
Some ore could be got from this place that would pay to mine and mill, but it is impraotic- able to transport it to the mill at present, 13 tons were brought in and milled to test it, which yeilded about 6 dwts, gold per ton.
GUBAU,
A little prospecting along the line of reef was continued here, but nothing of value or promise found. As soon as winding engine is. erected developement will be pushed at this place.
GENERAL PROSPECTING.
Some prospecting over our 'territory and cousillerable prospecting developement work has been done but without as yet proving any- thing new of value.
REDUCTION WORKS.
Ml, 22 Stamps.-These were run equal to 241 full days and one concentrator 5 days. The short time the stamps were run was owing to lack of water for power and my not thinking it advisable to burn wood for power to treat low grade "headings." When concentrator was erected so I could treat Tankong ore, steam auxilliary power was used.
Ore treated for product as follows:-
Amal- Tons.
gam
Headings... 2,008.4
This was extended north-westerly 11 feet, when it was stopped to start an uprise aud drives on the lode here. The footwall turned almost flat in this drive and had not been cut through yet in the top of it, where it was temporarily stop- ped, the lode therein now showing some 27 feet Taukong
thick.
Uprise from crosscut.-This was started from crosscut, 60 feet from Drive on Lode No. 1, and put up 23 feet in Lode No. 2, all in ore averaging about 17 dwts. gold per ton.
North Drive.-This was started from crosscut at same point as uprise, and driven 11 ft., when it was stopped temporarily to enable better progress to be made with uprise and South Drive. A good part of it is in the footwall of the lode. Driving it will be resumed as soon as $25,044.00 practicable, on the lode.
$ *. 2,000.00 2.000.00
THE KWEISH AN REBELLION.
The rebellion which was recently reported to have broken out iu the Kweishan district
has, we learn, been suppressed. The city of Lukfong, which was captured by the rebels, bas been retaken by the Government troops, and the dispersed rebels have taken refuge in the bills.
M. DOUMER'S VISIT TO THE FRONTIER,
South Drive. This was started from cross- cut at same point as uprise and drive 23 feet | It is all in Lode No. 2. There is some mullock- like ore in this drive of a somewhat lower grade than this ore in the uprise, but I think it likely the same ore had in the uprise will be found in other parts of the lode here.
As the lode is much larger than the drive at this point it is only partially developed by the drive and how large or of what grade it may be as a whole I cannot yet tell.
I will crosscut the lode to further develope it, from this drive, soon.
Practically everything from this drive, the Uprise and South Drive and the crosscut, where it is in the lode, has been aud is being sent to the mill and I figure is paying fairly well. The principal part of its values being in concentrates In a note refering to the movements of M. I cannot estimate just what results are being -Donmer, Governor-General of French Indo-obtained from this ore until chey are treated or
China, the Courrier de Saigon says :—
THE FRENCH SPHERE OF INFLUENCE.
After having disposed of urgent business at Hanoi he will proceed to Laokai and the Chin- ese frontier. He will be met there by Marshal Son and several high functionaries delegated by the Tsangli Yamen to arrange with him certain important questions relative to the penetration of Yunnan by French railways and to our sphere of influence in South China. It is believed in political circles that this journey will have a considerable effect and that import- ant advantages for France will result from it.
In the Supreme Court at Shanghai, on the 16th May, Andrew Ganacopulos, lately em- ployed as quartermaster on the P. & O. steamer Ballaarat, was convicted of feloniously stabbing Alfred Thomas Cornell. and Peroy George Potter, able seamen of H.M.S. Bonaventure. outside the Globe Hotel, Yangkingpang Creek, on the 19th April with intent then and thereby to do them some grievous bodily harm. He was sentenced to one year's harl labour.
sold.
Swuh Manik
Bullion
OZE.
028.
Concen- trates tons.
277.75
113.22
'13.
9.50
3.87
117.
26.75
10.90
18..
3.80
1.55 *3
11.92 +5
52.5 29.25
2,208.9 347.05 141.86
18 tons Tankong ore yielding 3 tous concen- trates per above was treated before concentra- tor was erected and 52.5 tons Tankong ore yielding 5 tons concentrates, after it was erected, and concentrates saved by it.
Cyanide Works.-But little work was done here because of lack of water power, and no clean up was made.
GENERAL, Water Power.-This has been insufficient on account of lack of rainfall.
Rainfall.-3.21 inches at manager's house. Buildings. Construction of European re- sidence at Bukit Sarong section was completed. Some slight additions made to mill and repairs on other buildings.
Machinery. The erection of winding engine Wilfley at Gubau progressing, though slowly. concentrator erected at mill.
Health. This has been good with Europeans, but considerable sickness among Asiatios.
* Assay value £17 48. 3d. por ton, † Assay value £5 178. 10d. ton.
per
KAUB RESULTS.
ALMOST AN OUNCE TO THE TON. A telegram from Raub, dated 10th instant, states:- Crashing finished, 2,500 tons of stone realized 2,400 ounces of smelted gold."
The above, says the Straits Times, re
represents to 4ft, thick and fairly well defined, but of very about nine weeks' actual crushing as the battery low grade.
Level No. 2. West Drive.-This was ex- tended 24ft. on Lode No. 1. It shows some 3ft.
MANIK.
Surface prospecting and mining was cou- tinuod here, but without any good results. The ton, gold and no permanent or promising ore ore got milled but a little less than 2 dwts. per
body found.
Adit Drive Connecting with Shaft.-This was extended 45ft, but without any good re- sults.
BELANGO.
Cleaning out old workings here was continued but slow progress made as it is practicable to work only a few men to advantage. No deve lopements to amount to anything as yet.
SWAH.
No. 2 Drive.-Drive west from this was extended 18 feet and drive east 13 feet, when
was run slow for several days, and stopped for three days to enable new foundation timbers to be put under the battery engine.
This averages nearly 191 pennyweights to the ton. The clean-up which finished on the 4th April realised about 13 pennyweights to
the ton.
Most of the blue-funnel steamers recently transferred to the German flag at Singapore have had their funnels painted yellow..
H.M. torpedo boat catchers Fame and Whiting arrived at Shanghai on the 18th May at 430 p.m. from Hongkong, which was left at 5 am. on the 16th. They moored to the P. & 0, baoy and it was expected they would leave for Wei- haiwei on the 19th.
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