MAY 6.]

THE NEW ZEALAND GAZETTE.

645

Warden's Office at Lawrence within fourteen clear
days from the date hereof. Hearing at 11 o'clock
on the 14th May, 1880.

Warden's Office, Lawrence,
16th April, 1880.

271

NEW CALEDONIA QUARTZ-MINING COMPANY.

I, DANIEL TURNER, of Dunedin, in the Pro-
vincial District of Otago and Colony of New
Zealand, Manager of the New Caledonia Quartz-
Mining Company (Limited), do solemnly and sin-
cereIy declare that the statements hereunto annexed,
and marked with the letters "A" and "B" respect-
ively, are, to the best of my belief, true and correct in
every respect; and I make this solemn declaration
conscientiously believing the same to be true, and by
virtue of an Act of the General Assembly of New
Zealand intituled "The Justices of the Peace Act,
1866."

DANIEL TURNER.

Declared at Dunedin aforesaid, this 23rd day of
April, 1880, before me--W. Parker Street, J.P.

A.
FIRST HALF-YEARLY REPORT of the Directors of
the NEW CALEDONIA QUARTZ-MINING COMPANY
(LIMITED), Hindon, for the period ending the 30th
April, 1880.

THE Directors have pleasure in submitting to the
shareholders, at this the first general meeting of the
Company, the statement of accounts for the half-year
ended the 14th April, 1880.

On the 20th September the yield of first crushing
was 57 oz. 13 dwt., and since that time only two crush-
ings have been had, owing to the very dry weather
and consequent scarcity of water. The want of
water has been the only hindrance in obtaining
regular returns from the mine; and, to obviate this
difficulty, your Directors considered it advisable to
bring in a race, capable of carrying two heads of
water, from Coal Flat, at the head of Gamecock
Creek, which would in the driest seasons supply
ample water for carrying on operations continuously.
This race is now being constructed, and in all proba-
bility will be finished by the middle of next month.

The Mining Manager reports that the mine is in
thorough working order, and that as soon as the
water is brought in the shareholders may confidently
look forward to satisfactory and regular returns.
The last letter from the Mine Manager is dated the
9th instant, and he informs us that he will be able to
manage a week's crushing with the water which was
then in the dams.

In the profit and loss account, on the debit side,
appears the sum of £1,251 3s. 11d. for wages, which
is the total amount expended for wages since the
formation of the Company. Only a very small por-
tion of that sum was actually expended upon getting
out stone and crushing. The greater part was spent
in opening up the mine and coal-pit, constructing
dams, making roads, and laying tramways, &c.

There is an amount of £141 13s. 8d., on the debit
side of the profit and loss account, for interest, which
we consider the shareholders should have an ex-
planation of. The engine, boiler, and battery con-
tract amounted to £1,731, and the contractors who
supplied the machinery agreed to accept payment in
three years from the 19th May, 1879, in consideration
of the Company giving them security, and paying
interest at the rate of 10 per cent. per annum, by
quarterly payments. This statement, then, easily ex-
plains the apparently large item of interest.

In the balance-sheet, under the head of liabilities,
is the sum of £2,289 12s. 10d., representing unpaid

accounts. In this amount is included the sum of
£1,731 for machinery, previously brought under
your notice, thus leaving only a very small sum for
current accounts unpaid.

For Directors.
J. B. CALLAN,
Chairman.

Dunedin, 14th April, 1880.

This is the statement, marked with the letter "A,"
referred to in the annexed declaration of Daniel
Turner, declared before me this 23rd day of April,
1880--W. Parker Street, J.P.

B.
HALF-YEARLY STATEMENT, ending the 14th April,
1880.

DR. PROFIT AND LOSS ACCOUNT.
To Wages... ... ... ... £ s. d.
1,251 3 11
Sundry expenses ... ... ... 71 2 3
Rent of leases ... ... ... 47 5 0
Cartage ... ... ... ... 80 0 0
Interest ... ... ... ... 141 13 8
Salaries ... ... ... ... 12 10 0
Advertising ... ... ... ... 8 13 6
Law expenses ... ... ... 42 16 8
Commission ... ... ... ... 3 2 7
£1,658 7 7

CR.
By Mine Gold Account—100 oz. 23 gr. ... £ s. d.
381 11 10
Transfer fees ... ... ... ... 2 0 0
Amounts received from original shareholders
for Tramway and Shed Account ... 175 0 0
Balance ... ... ... ... 1,099 15 9
£1,658 7 7

BALANCE-SHEET.
Liabilities.
To Capital, 6,000 shares at £1 £6,000 0 0
Less uncalled capital, 6,000
shares at 1s. 6d. ... 450 0 0 5,550 0 0
Accounts unpaid ... ... ... 2,289 12 10
Bills payable ... ... ... 305 12 3
£8,145 5 1

Assets.
By Mine, original purchase ... £ 4,000 0 0
Machinery and plant ... ... 2,617 4 9
Arrears of calls ... ... ... 147 4 10
Unpaid calls ... ... ... 224 0 9
Balance in bank ... ... ... 55 18 4
Cash in hand ... ... ... 1 0 8
Balance ... ... ... 1,099 15 9
£8,145 5 1

DANIEL TURNER,
Legal Manager.

We have examined the books of the Company, and
certify that the above statement of accounts is
correct.

J. B. CALLAN, }
Auditors.
H. NORTH,

Dunedin, 17th April, 1880.

This is the statement, marked with the letter "B,"
referred to in the annexed declaration of Daniel
Turner, declared before me this 23rd day of April,
1880--W. Parker Street, J.P. 292

CALEDONIAN GOLD-MINING COMPANY (LIMITED).

AN Extraordinary General Meeting of the Share-
holders of the Caledonian Gold-Mining Com-
pany (Limited) will be held at the Company's office,
Shortland Street, Auckland, on Thursday, the 27th
day of May, 1880, at 12 o'clock noon, to confirm the