1680

That, for the purpose of providing for the payment of interest, sinking fund, and other charges on a loan of five thousand pounds (£5,000) authorized to be raised by the Hokianga County Council under the above-mentioned Act for the purpose of the erection of workers' dwellings, the said Council, pursuant to section 22 of the Local Bodies' Loans Act, 1913, hereby increases to one farthing (¼d.) in the pound sterling the special rate of one-sixth (⅙d.) of a penny in the pound sterling made and levied by resolution passed by the said Council on the 6th day of August, 1924, on the rateable value (on the basis of the unimproved value) of all rateable property in the whole of the County of Hokianga, such rate of one-sixth (1/6th) of a penny in the pound sterling being insufficient to provide for payment of interest, sinking fund, and other charges on such loan; and that such special rate as increased shall be an annually recurring rate during the currency of such loan, and be payable yearly on the 30th day of September 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.

ROBT. B. RUSSELL, Chairman.
R. RAILLEY, Clerk.

SOUTH CANTERBURY ELECTRIC-POWER BOARD.

RESOLUTION MAKING SPECIAL RATE.

IN pursuance and exercise of the powers vested in it in that behalf by the Local Bodies' Loans Act, 1913, the South Canterbury Electric-power Board hereby resolves as follows:

That, for the purpose of providing the interest and other charges on a loan of eighty-one thousand pounds (£81,000), authorized to be raised by the South Canterbury Electricpower Board under the above-mentioned Act, for the construction of electric works, and such other matters as are provided for by the Electric-power Boards Act, 1925, and the exercise of the powers conferred upon it by sections 118, 119, and 120 of the said Act, for the benefit of the defined area denominated the "Waimate County Special Area," the said South Canterbury Electric-power Board hereby makes and levies a special rate of three-tenths of a penny in the pound (£1) upon the rateable value (being the capital value) of all rateable property of the said Waimate County Special Area, being all that portion of the County of Waimate contained within the South Canterbury Electric-power District; and that such special rate shall be an annually recurring rate during the currency of such loan, and payable yearly on the first day of July in each and every year during the currency of such loan, being a period of twenty (20) years, or until the loan is fully paid off.

JOHN KENNEDY, Board Chairman.
C. DASH, Manager.

STATEMENT OF THE AFFAIRS OF A COMPANY.

Name of company: Muir's Gold Reefs (Limited).
When formed, and date of registration: As private company, 16th August, 1917; public company, 14th May, 1920.
Whether in active operation or not: Temporarily closed down pending arrival of new pump from England.
Where business is conducted, and name of Secretary: Muir's Reefs, Te Puke; Sidney L. Smith.
Nominal capital: £125,000.
Amount of capital subscribed: £81,692 15s.
Amount of capital actually paid up in cash: £81,692 1s.
Paid up value of scrip given to shareholders, and amount of cash received for same (if any): Nil.
Paid-up value of scrip given to shareholders on which no cash has been paid: Nil.
Number of shares into which capital is divided: 125,000.
Number of shares allotted: 81,754.
Amount paid per share: On 81,584, £1; on 170, varying amounts.
Amount called up per share: £1.
Number and amount of calls in arrear: 4 members; £61 5s.
Number of shares forfeited: Nil.
Number of forfeited shares sold, and money received for same: Nil.
Number of shareholders at time of registration of company: Private company, 10; public company, 12.
Present number of shareholders: 206.
Number of men employed by company: 29 (average per month).
Quantity and value of gold or silver produced since last statement: Nil.
Total produced since registration: £164,776 17s. 11d.

Amount expended in connection with carrying on operations since last statement: £20,165 13s. 1d.
Total expenditure since registration: £324,939 13s. 7d.
Total amount of dividends declared: Nil.
Total amount of dividends paid: Nil.
Total amount of unclaimed dividends: Nil.
Amount of cash in bank: £12 4s. 5d.
Amount of cash in hand: 4s. 11d.
Amount of debts directly due to company: Nil.
Amount of debts considered good: —
Amount of contingent liabilities of company: £20,555 18s. 2d., N.Z. Government subsidies repayable from future profits from milling-ore developed by the shaft and crosscuts therefrom.
Amount of debts owing by company: Sundry creditors and past due bills, £20,101 9s. 4d.; N.Z. Government loans, £15,650; overdraft at bank, £11,209 4s. 9d.; loans by shareholders, £11,334 4s. 5d.; salaries and wages accrued, £205 6s. 11d.; total, £58,500 5s. 5d.

I, Sidney L. Smith, of Muir's Reefs, Te Puke, the Secretary of Muir's Gold Reefs (Limited), do solemnly and sincerely declare that this is a true and complete statement of the affairs of the said company as at the 31st December, 1925; and I make this solemn declaration conscientiously believing the same to be true, and by virtue of the Justices of the Peace Act, 1908.

SIDNEY L. SMITH.

Declared at Auckland this 7th day of June, 1926, before me—R. D. Bagnall, a Solicitor of the Supreme Court of New Zealand.

STATEMENT OF THE AFFAIRS OF A COMPANY.

Name of company: New Big River Gold-mining Company (Limited).
When formed, and date of registration: 19th August, 1907.
Whether in active operation or not: In active operation.
Where business is conducted, and name of Secretary: Reefton; Thomas Hubert Lee.
Nominal capital: £6,000.
Amount of capital subscribed: £6,000.
Amount of capital actually paid up in cash: £600.
Paid-up value of scrip given to shareholders, and amount of cash received for same (if any): Nil.
Paid-up value of scrip given to shareholders on which no cash has been paid: Nil.
Number of shares into which capital is divided: 24,000.
Number of shares allotted: 24,000.
Amount paid per share: 6d.
Amount called up per share: 6d.
Number and amount of calls in arrear: Nil.
Number of shares forfeited: Nil.
Number of forfeited shares sold, and money received for same: Nil.
Number of shareholders at time of registration of company: 7.
Present number of shareholders: 61.
Number of men employed by company: Average for year 1925, 39.
Quantity and value of gold produced since last statement: Battery, 3,796 tons of quartz crushed for 2,775 oz. 15 dwt. melted gold; cyanide, 2,200 tons of sands treated for 348 oz. 6 dwt. bullion; total value, £12,451 6s. 3d. Concentrates, 23 tons 0 cwt. 2 qr. 18lb. treated, for bullion valued at £424 8s. 11d.
Total quantity and value produced since registration: Battery, 84,907 tons of quartz crushed for 80,475 oz. 16 dwt. melted gold; cyanide, 56,610 tons of sands treated for 11,040 oz. 10 dwt. 16 gr. of bullion; total value, £367,588 11s. 1d. Concentrates, 944 tons 19 cwt. 3 qr. 6lb. treated, for bullion valued at £18,340 16s. 8d.
Amount expended in carrying on operations since last statement: £15,657 8s. 4d.
Total expenditure since registration: £278,608 3s. 8d.
Total amount of dividends declared: £112,800.
Total amount of dividends paid: £112,800.
Total amount of unclaimed dividends: Nil.
Amount of cash in bank: Nil.
Amount of cash in hand (Wages Imprest Account): At mine, £20; at office, £50.
Amount of debts due to company: £17.
Amount of debts considered good: £17.
Amount of debts owing by company: £836 15s. 7d.
Amount of contingent liabilities of company: £27.

I, Thomas Hubert Lee, the Secretary of the New Big River Gold-mining Company (Limited), do solemnly and sincerely declare that this is a true and complete statement

No. 41