NORFOLK G.M. COMPANY

A meeting of shareholders in the above Company was held at three o'clock yester day afternoon in Mr D. G. MacDonneil's office, when Mr Hill presided. -The direc tors' report was read giving fin account of the work done during the past year in the mine. The reef in "the winze was stated to be a large ons,and cmshings had averaged one ounce to the ton, worth £3 5s per ounce. The directors considered that tho"Company should be in a good position withiu three month?. Rei:ere»ce was made to the pro posal to float the mine with others in the Sydney ; and Melbourne markets. He considered it, would be a most valuable mining property, and while they hoped the Company woufd he floated, still they would not be Disappointed if it were not, feeline satisfied that it would pay the shareholders. -The value of the assets inclusive of the freehold and battery and freehold, but-exclusive of the value of the mine, was £1,139 18? 1 Id. The statsmont of accounts showed the receipts to have been ±.4188 los 3d, of which £814 13s 8d was from gold. The expenditure left a credit balance in hand of £23 6s 9d. A lengthy report was read from the mine'manager He stated that the principal work done had bap.n a rug f rom Mq _ 2 levrel

[sinking a winze to connect No. 2 with No. 3, and. driving, on No. 3 level. He congratulated the-.shareholders upon the improved prospscfcs of the Com pany. During the year 286 tons of ore had been crushed for 2480z 9dwt, all of which had been taken from No. 2 level. The reaf averaged five feet and showed gold. He considered that as £8,000 was fcaken from this reef at t!ia surfaces , when the Old Galifornian Company worked, ska.gconnd,.. rich ore should be got at the low level. This is now in 440 feet, bub it will require another 180 teet to intersect the reef. He considered there was.no better investment for* capital on bhe-Thames goldfields. —The various reports >vere adopted on the motion of the Chairman; . " . Directors. —Messrs J. ;Dickey and Jas. Macky, Jan.. were re-olected directors, and Mr K. J. Macky was appointed audi tor. .... A vote of thanks, to the Chairman ter minated the proceedings. 7 ;

AUCKLAND TRADE AND LABOUR COUNCIL.
