This report and balance sheet, which were pre sented to the meeting, wero adopted. The former stated that during the past year 898 tons uf quartz had been crushed, of the value of £1004 10s lid, both quantity aud quality being inferior to that of the previous year. The balance sheet showed that £1871) 7s 4d had been paid for wages (luring the year, arid there remained a credit balance to the company of £555 13s 2d. The mine manager's report, which was also presented to the meeting, was as follows: —

Since the laat yearly meeting we have taken out all the quart* in the roof of No. 2 tunnel, and sunk No. 3 winze about 40ft, and put another tunnel in to aatcli tlie stone dipping from the previous one. 1 expected to have struclt tlie Btone in about 60ft or 70tt trom the winze, but it did not dip so iaßt as It did iv the upper workings, and had to drive HOit. We have sunk two winzes from No. 2 tunnel to tlie present one for air, and to open up tlie mine. We are driving under the shuot of stone, and following the slioot down j by so doing we shall always keep on the stone, and do but little dead work. We have hud to do a ilehl of dead work this last 12 months to get this accomplished. The l eat is about 2it thick in the drive, of solid stouc, aud ,bowing good gold and every appearance of permanency. We have 120 tons of quart/, in the paildock. and ahall 'tart to cart quartz to the battery uirxt week, and then crushing will commence at once. We have crushed 808 tons ol quartz.
