Feb. 25.] THE NEW ZEALAND GAZETTE. 517

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currency of such loan, and be payable yearly on the first day of July in each and every year during a period equal to the currency of such loan, being a period of 36½ years, or until the loan is fully paid off.

ROBT. WERE, Chairman.
F. CHAS. PERRY, Clerk.

LOWER MANGAPIKO DRAINAGE BOARD.

RESOLUTION INCREASING SPECIAL DIFFERENTIAL RATES.

IN pursuance and in exercise of the powers vested in it in that behalf by the Local Bodies’ Loans Act, 1913, and of all other powers (if any) it thereunto enabling, the Lower Mangapiko Drainage Board hereby resolves as follows:—

That, for the purpose of providing for the payment of interest, sinking fund, and other charges on the Lower Mangapiko Drainage Board Te Rahu Subdivision Loan of £1,000, 1926, authorized to be raised by the Lower Mangapiko Drainage Board under the above-mentioned Act, for the purpose of reconstruction of the Mangapiko Stream within the Te Rahu Subdivision, the said Board, pursuant to section 22 of the Local Bodies’ Loans Act, 1913, hereby increases the special differential rates on the rateable value (on the basis of the unimproved value) of all rateable property in the Te Rahu Subdivision of the Lower Mangapiko Drainage District, as follows:—

On lands classified “A” a special rate of two-fifths (2/5ths) of a penny in the pound sterling:

On lands classified “B” a special rate of four twenty-fifths (4/25ths) of a penny in the pound sterling:

On lands classified “C” a special rate of four one hundred and twenty-fifths (4/125ths) of a penny in the pound sterling,—

made and levied by resolution passed by the said Board on the 16th day of July, 1925, and gazetted on the 30th day of July, 1925, at page 2189, to the special differential rates as follows:—

On lands classified “A” a special rate of one halfpenny (½d.) in the pound sterling:

On lands classified “B” a special rate of one-fifth (1/5th) of a penny in the pound sterling:

On lands classified “C” a special rate of one twenty-fifth (1/25th) of a penny in the pound sterling,—

such former differential rates being insufficient to provide for payment of interest, sinking fund, and other charges on such loan; and that such special differential rates as increased shall be annually recurring differential rates during the currency of such loan, and be payable yearly on the first day of April in each and every year during the currency of such loan, being a period of thirty-six and a half (36½) years, or until the loan is fully paid off.

S. C. MACKY, Chairman.
J. G. WYNYARD, Clerk.

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STATEMENT OF THE AFFAIRS OF A FOREIGN MINING COMPANY.

Name of company: Progress Mines of New Zealand (Limited).
When formed, and date of registration of office of company in New Zealand: 8th December, 1896.
Whether in active operation or not: In active operation.
Where business is conducted, and name of Attorney: Head Office, London; New Zealand Office, Reefton; Ernest William Spencer.
Where mines are situate: Reefton.
Nominal capital: £275,000.
Amount of capital actually paid up in cash in New Zealand: Nil.
Price paid to vendors of mines—
(a.) In fully paid-up shares: £200,000.
(b.) In partly paid-up shares, credited as £1 paid up: Nil.
(c.) In cash: Nil.
Number of shares into which capital is divided: 275,000.
Number of shares on New Zealand Register: 31,629.
Amount paid per share (New Zealand Register): £1.
Amount called up per share (New Zealand Register): £1.
Number and amount of calls in arrear (New Zealand Register): Nil.
Number of forfeited shares on New Zealand Register sold, and money received for same: Nil.
Number of shareholders on New Zealand Register: 71.
Number of men employed by company in New Zealand: 2.
Quantity and value of gold or silver produced since last statement: 643 oz. 5 dwt.; £2,467 7s. 11d.
Total quantity and value produced since registration of office of company in New Zealand: 347,877 oz. 18 dwt.; £1,471,542 7s. 4d.

Amount expended in connection with carrying on mining operations in New Zealand since last statement: £2,870 13s. 9d.
Total expenditure since registration of office of company in New Zealand: £1,236,843 6s. 8d.
Total amount of dividends paid in New Zealand: £5,385 14s. 9d.
Amount of cash in bank in New Zealand: Nil.
Amount of cash in hand in New Zealand: Nil.
Amount of debts directly due to company in New Zealand: £84 2s. 8d.
Amount of such debts considered good: £84 2s. 8d.
Amount of liabilities of company in New Zealand: £35 8s. 6d.

I, Ernest William Spencer, Attorney of the Progress Mines of New Zealand (Limited), do solemnly and sincerely declare that this is a true and complete statement of the affairs of the said company as on the 31st December, 1924 (being the date of the last balance-sheet); and I make this solemn declaration conscientiously believing the same to be true, and by virtue of the Justices of the Peace Act, 1908.

ERNEST W. SPENCER.

Declared at Reefton this 6th day of October, 1925, before me—E. W. Reeves, a Solicitor of the Supreme Court of New Zealand.

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STATEMENT OF THE AFFAIRS OF A FOREIGN MINING COMPANY.

Name of company: Consolidated Goldfields of New Zealand (Limited).
When formed, and date of registration of office of company in New Zealand: 22nd January, 1896.
Whether in active operation or not: In active operation as parent company.
Where business is conducted, and name of Attorney: Head Office, London; New Zealand Office, Reefton; Ernest William Spencer.
Where mines are situate: Westland Mining District.
Nominal capital: £300,000.
Amount of capital subscribed: £250,000.
Amount of capital actually paid up in cash in New Zealand: Nil.
Price paid to vendors of mines—
(a.) In fully paid-up shares: £17,378.
(b.) In partly paid-up shares, credited as £1 paid up: Nil.
(c.) In cash: £43,416 13s. 4d.
Number of shares into which capital is divided: 300,000.
Number of shares on New Zealand Register:
Amount paid per share (New Zealand Register): £1.
Amount called up per share (New Zealand Register): £1.
Number of forfeited shares on New Zealand Register sold, and money received for same: Nil.
Number and amount of calls in arrear (New Zealand Register): Nil.
Number of shareholders on New Zealand Register:
Number of men employed in New Zealand: Management and clerical, 3.
Quantity and value of gold or silver produced since last statement: Nil.
Total quantity and value produced since registration of office of company in New Zealand: 173,798 oz. 4 dwt.; £719,732 17s. 4d.
Amount expended in connection with carrying on mining operations in New Zealand since last statement: £4,140 14s. 6d.
Total expenditure since registration of office of company in New Zealand: £947,769 8s. 9d.
Total amount of dividends paid in New Zealand: £12,398 10s. 6d.
Amount of cash in bank in New Zealand: Nil.
Amount of cash in hand in New Zealand: Nil.
Amount of debts directly due to company in New Zealand: £830 12s. 1d.
Amount of such debts considered good: £830 12s. 1d.
Amount of liabilities of company in New Zealand: £7,251 15s. 1d.

I, Ernest William Spencer, Attorney of the Consolidated Goldfields of New Zealand (Limited), do solemnly and sincerely declare that this is a true and complete statement of the affairs of the said company as on the 31st December, 1924 (being the date of the last balance-sheet); and I make this solemn declaration conscientiously believing the same to be true, and by virtue of the Justices of the Peace Act, 1908.

ERNEST W. SPENCER.

Declared at Reefton this 6th day of October, 1925, before me—E. W. Reeves, a Solicitor of the Supreme Court of New Zealand.

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