Westland Provincial Gazette – 1868 – No. 11

Page 57

✨ Gold Mining Company Report



57

double the quantity of water with less power employed than formerly. The cost of altera- tions has been about £123.

I have latterly experienced much trouble in procuring sufficient firewood for the requirements of the engine. And I would strongly recommend you to purchase a two- horse team for the purpose of carting firewood, as there is a great difficulty in getting a stock on hand. And, likewise, to erect a shed to stack firewood in, so that in wet weather a supply of dry wood could always be had.

The Mine is in good working order, and as the main drives are completed the ground will be worked to a greater advantage; and I have much pleasure in congratulating you on the prosperous state of the Company, and the marked improvement in affairs since the last half-yearly meeting in December last, at which time liabilities existed to the amount of £1,032 12s. 5d. The Mine was then flooded, and an expenditure of £670 has been expended in pumping out the water, repairs and alterations of machinery; that liability has been paid, and dividends to the amount of £600 divided, and a balance of £500 16s. 9d. now lies at the Bank to the credit of the Company. Shewing that even under adverse circumstances the Mine has yielded £2,803 8s. 2d. over working expenses. There still about six months' work on the second level that can be worked from the present chamber, and some of the ground will be very rich.

I have the honour to be,

Gentlemen,

Your most obedient servant,

HENRY A. GORDON,
Manager and Engineer.

BALANCE SHEET OF THE “MORNING STAR” GOLD MINING COMPANY,

15th July, 1868.

Dr.

To Capital £ s. d. £ s. d.
2,840 ozs. 18 dwts. 12 grs. Gold Dust ... 4,000 0 0
Cash (Drainage, &c.) ... 10,786 8 4
... 27 14 4
14,814 2 8

RECEIPTS.

To Capital Called Up £ s. d. £ s. d.
2,840 ozs. 18 dwts. 12 grs. Gold Dust ... 3,710 5 0
Cash (Drainage, &c.) ... 10,786 8 4
... 27 14 4
14,524 7 8

Cr.

By Expenditure £ s. d. £ s. d.
Dividends 13,423 10 11
Capital not called up 600 0 0
Balance, Cash in Union Bank of Australia 289 15 0
500 16 9
14,814 2 8

EXPENDITURE.

By Machinery and Plant £ s. d.
Driving Timber 4,076 0 9
Sawn Timber 1,176 2 9
Firewood 35 4 0
Chandlery 956 5 11
Tools 192 8 7
Water 70 2 4
Charges 166 10 0
Petty Cash 159 1 9
Printing and Stationery 81 9 6
Interest 19 7 0
Donations 11 7 0
Wages 30 0 0
6,449 11 4
Dividends 600 0 0
Balance, Cash in Union Bank of Australia 500 16 0

This is to certify that we have examined the accounts and found the same correct.

J. F. MADDOCK,
COLIN CAMPBELL,
Auditors.



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Online Sources for this page:

VUW Te Waharoa — PDF Westland Provincial Gazette 1868, No 11




✨ LLM interpretation of page content

🌾 Morning Star Gold Mining Company Report (continued from previous page)

🌾 Primary Industries & Resources
15 July 1868
Gold Mining, Report, Balance Sheet, Hokitika
  • Henry A. Gordon, Manager and Engineer of the Morning Star Gold Mining Company
  • J. F. Maddock, Auditor of the Morning Star Gold Mining Company
  • Colin Campbell, Auditor of the Morning Star Gold Mining Company