Image TileImage TileImage TileImage TileImage TileImage TileImage TileImage TileImage TileImage TileImage TileImage TileImage TileImage TileImage TileImage TileImage TileImage Tile
Image size: 6144x7680 Scale: 35% - PanoJS3
Page overview thumbnail

Article text

TRADE AND FINANCE
NEWS AND COMMENTS .
DIVIDENDS. I
The following dividends -hove been .
declared payable on the dotes mention- ,
ed, tho ligures in parentheses repre-
senting tho approximate ? amount re-
quired to meet tho distribution:
Arba Tin, N.L., 6d. P. December 16
(£1,500).
Electric Light and Power Supply Cor-
poration Limited.-Interim, 10 per cent.
I per annum. P. December 4 (£28,168). |
¡ GoldBbrougb, Mort and Co. Ltd.-In-j
terim, 10 per cent, per annum. P. Dc- j
cember 16 (¿76,000). I
Melbourne Electric Supply Com-
pany Limited.-Ordinary stock, 10 per
cent, per annum (£40,030).
Mount Lyell Mining and Railway
Company Limited.-ls., bonus 3d. P.
December 18 (£80,575),
North Broken Hill Limited.-Quar-
terly dividend and bonus, Os. P. De-
cember 7 (£210,000).
Tin Bentong, N.t.-ls. P. December
10 (£5,000).
Warrnambool Woollen Mill Company
Limited.-Preference, year, 5 per cont.
(£1,032).
Yellow Cabs of Australia Limited.
Interim, 15 per cent, per annum. P.
December 21 (£14,856).
Zinc' Corporation Limited.-Interim,
preference Cs. (2s. completing pre-
ference shares 20 per cent., 3s. parti-
cipating with ordinaries); ordinary. 3s.
P. January 1 (£159,393). -
AUSTRALIAN GOLD PRODUCTION.
HEAVY DECREASE.
Tho figures showing production of
gold in Australia for tho ten months
ended October 31, 1925, aro given here-
under, togethor with those for tho cor-
responding period of 1924 and 1923:-r
- .- 1925. 1924. 1923.
Oz. Oz. Oz.
West Australia 361.483 407,126 426,038
Victoria -,. 42,316- 56,616 77,427
Queensland .. 36,391 79,262 68,315
N.S. -Wales . . 16.9S0 14,939 16,188
Tasmania .. .. 2,400 2,850 2,500
South Australia 650 2,500 2,500
It will .be noted from the above table
thnt the yield throughout the Com-
monwealth shows a reduction of
103,073 ounces, as compared with 1924.
and 132,748. ounces as compared With;
1923. Thc largest decrease is recorded!
in West Australia, where production
has dropped by approximately 46,000
ounces. In Queensland tho figures for
1925 are 43,000 ounces below those of
1924, due portly; to the cessation of
operations at the Mount Morgan minc
and the fact that the low pricc'of cop-
nor prevents' the reopening of the cop-
per mines ip Cloncurry, where gold 's
found in'conjunction with copper. Vic-:
torin shows a decrease of 14,300 ounces,'
I but ia Kew South Wales thc yield is
! 2,000^ ounces greater thán for tho cor
' responding period oí 124; In the case
? of South Australia and 'Tasmania the
figures aro,rosily only cetimutcs, and
in any cr.se the quantity produced is
almost negligible.
Gold production in Australia is still
steadily, decreasing, and whilst no
doubt some of this falling off may be
I uunbuvcu to tho present raines being
I gradually worked out, at the same lime,
j many of the mines with low grade oro
I cannot be worked profitably, oaiog to
labour conditions. The altitude ot the
miners towards mining generally is
. plainly, evidenced in tn« recent trouble
? nt ihc Mount Morgan mine, wnich
eventually resulted in -thc company
ceasing operations. With the lanour
conditions prevailing, and thc Known
claims being wonted out, thc prospect
ls not very encouraging, espccinhy as
.the former su.to or 'ott a irs 13 not cun
ducive to thc prospecting for new líelas.
SIAM CONCESSIONS, NO LIABILITY.
We note the formation of the Siam
Concessions, No Liability, with a capi-
tal of £25,000 in 1,000 shares of £25
each, to prospect and test properties in
the Malay Peninsula and Siam, par-
ticularly those placed under option to
the vendors (aggregating 5,000 acres),
situated at Puket, Takuapa, and Lang-
suan. The vendors are taking 400 paid-
up shares as consideration for these
options, and for underwriting the 600
shares offered for public subscription.
All the shares offered for public sub-
scription have been subscribed. The direc-
tors are Sir A. H. Ashbolt, Messrs. E.
T. Miles, A. T. Miles, A. W. Palfreyman,
and Khaw Joo Tok, and Mr. J. W. Bar-
rett, of 39 Queen-street, Melbourne, is
the manager.
PULO TIN, NO LIABILITY.
The Pulo Tin, No Liability, is being
formed to prospect and test an area of
approximately 1,280 acres on Lampi
Islaud (Merqui district, Burma), which
has been placed under option to the
company by Mr. Khaw Joo Tok, who
holds a prospecting license over same.
The vendor's consideration, is 50,000
fully paid shares of £1 each, to be al-
lotted when the option is exercised.
The nominal capital is £250,000, in
shares of £1 each, of which 50,000 are
to be allotted as mentioned above, 50,000
are to be held in reserve, and the bal-
ence of 150,000 offered for public sub-
scription, have all been taken up. Mr.
J. W. Barrett, of Melbourne, is the
manager, and the directors are Sir
Henry Jones, Sir A. H. Ashbolt, and
Messrs. E. T. Miles, A. T. Miles, A. W.
Palfreymnn, and Khaw Joo Tok.
$