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THE BLACK HILL COMPANY
The half yearly meeting was held yester
day, Mr C Seal in the chair Du[?]etors
Report—“ During the past half you the
operations of the company have been much
retarded o%v mg to the returns from the uppei
levels not hiving pioved sitisfictorj, mil
not being in a position to fm thu sink the
main shaft, the watei was allowed to use to
the 300 feet level It being nnpeiative that
some activ c steps should be t iken bv jom
directors, it vv is thought desuable th it p iw ei
should be given them bj the sh uehohieis is
to dealing with the propeltj of the coin
panj, ind in aceoul inee w ith the mthoiitj
vested in them at an extiaoidm uy meeting
held on the Sth Mij, ISSS, thej deemed it
most adv is ible in the inteieats of ill con
cerned to dispose of a poition of the com
pane’s claim, whieh thej iccoidinglj hue
done bj selling that put known is the
Queen Companj s cl uni, w ith shaft md m i
clnneij theieon, and foi vvhicli thej leceued
fiom a compinj then foimed undei the
title of the Queen Jubilee Compinv,
SOOO shues paid up to 7s 6d out
of 20,000 slmes and also the sum of
£lOOO, the new Compinj gu ir uiteeiug to
spend the sum of 11000 in developing this
portion of the claim, ind aie now engaged
in hauling the watei piepu itoij to eom
mencing sinking toafuithei depth of 250
feet, at which level it is intended to open
out in country wheie it mij be expected
pij able lodes vv ill be met with is ueentlv
indicated bj the fiist boie of the diamond
drill on thenoith md south line in an id
joining claim, and which it is believed will
open up a large held of lemunerative work
Your directois luuefurthei given the Queen’s
Jubilee Companj the option of purch ise of
the cl urn md plmt of the Noith Queen
cl um immediately north of the Queen
Jubilee Companj on similar turns and con
ditious, such option to be open for six
mouths fiom the date of the puichase of the
late Queen Compinj s giound Iheopeia
tions of the new eompmj will, it is be
lieved, greatly enhance the value of the ic
maiuder of your cl um, by di lining the
ground so that work can be earned on it
gieater depths on the Devils Point or
Suheman Pasha, and other lines of lodes in
tersecting jour mine Hie di miond drill is
now boring on the eastern line of lodes, and
close adjoining the Queen Jubilee sh ift, and
is now down some 400 feet 1511 tons of
quarts have been laised fiom jour cl um
during the pist six months, jieldnig 491 oz
18 dvvt 17 gr bai gold, and 1418 touseiushed
foi the public Two of join dneetors, E
A Wynne and D Cameron letne in iccoid
ance with your deed of association, also
your auditors, Messis A 1' Mon ison and
E H L Swiftc, ill of whom aie eligible foi
re election —Cilas Si vl, Ch urman, G F
Smith, Manager” The milling maniger’s
report detailed the lesult of open
tions carried on at the mine Bal nice
sheet Receipts, £3521 ISs Sd, com
prising—Gold, £2046 .Is 7d, claim, £lOO2
Jls 3d Expenditure, £5741 2s Id, cm
bracing—Overdraft, 12971 (is 6d, tnbutors,
£1347 4s 4d, battery, £744 16s 5d The
general balance sheet show ed th it since the
■starting of operations £50,255 17s 9d had
been received, and £61,461 Is 2d disbuised,
leaving a debit balance of £2207 3s 5d The
auditors repoited having found the com
pany’s books and voueheis all coirect The
retiring dneetors and auditors, weie re
elected, and a vote of thanks to the chair
man terminated the pioceedings
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