WEALTH OF NATIONS.

Inangahua Times, Volume X, Issue 1537, 20 April 1885, Page 2

WEALTH OF NATIONS.

The winze on the south side of the main level has now reached a depth of 80ft the reef carrying clown pretty solid all the way. The directors are now considering the advisability of putting down a main shaft from the chainh<>r on the line of the. foot of the winze. This will necessitate, the erection of winding machinery, and Mr Bae, the legal manager of the Company, visited Reefton during the w»»ek for the pnrpurpose of deciding npon the description of plant n ; quired, and the proposal will be pnt into shape at the next meeting of the directors m Grcyiiicvuh. Up to the present time no prospecting has l>een dotio on the line of reef to the north of the tn lir, level, aid it is probabln that action in this direction wil! be taken shorilv.

I urn jgrlarl to h> am** to -report that the prr-gj»efS.s «f tin's mir»e are improving with almost evovy foot stink. The mine manager reports that tin" winze has now reached a depth of 23ft. and still carries a good sizci re<-f showing gold. Thin property adjoins the Gohien Fleece, and th^. su»ii« new

being followed ga v e ihe company a dividend of 6d per Fiiare fiom the last Ci'Hshing so that accoi ding to present prospects the property promises to become a very valuable one.