The Sun.
London, England, 1851-01-11 00:00:00

At the East Balleswidden meeting it was stated by
Capt. Carthew that the engine could be got to work in
lens than two months. In extending the 10 fm. level
west en the engine lode, it was hoped that they would
cut the flat lode, when it was anticipated that a great
quantity of tinstuff would be raised. The accounts
showed a balance in hand of 273/. 17s. 103., the assets
being 316/. 7s. 10d., and liabilities 264/. 10s. 103.;
leaving balance in favour of adventurers, 51/. 17s. The
agents' report was adopted, and a call of ss. per share
was made, in further prosecution of operations.
At the Wheal Harriet meeting, Messrs. Reid, Knowles,
Armitage, Nicholson, and Bellinger, were elected direc-
tors. The report was highly satisfactory; the north lode
produced a specimen of grey oxide of copper, 501bs. weight,
of 40 per cent. produce. From the large balance in
hand to prosecute the works, there is every prospect of
a profitable mine.
At the Pennant and Craigwen Consols meeting, a
lengthened report from the directors was read, expres-
sive of their regret that the affairs of the company full
not made the progress that had bE ea anticipated. Ovvirg
to an accident to their whe, I, the machinery erected for
crushing and dressing the ore was for some tien,s sus-
pended, but its working is now resumed, and the Tian-
ii,y of ore on the bank ready for crushing is very etn,ii-
derable. Notwiths%thding the- delay occasioned by the
accident to the mac Liner• , it was deemed a Ivinable to
continue the working within the mine; and it appeared
that the expenditure for labour and other costs from June
to the end cf December is 840/. I Is. 7d.; and in addi-
tion, 900/. has been paid to the landlord on account of
the purchase, the latter having agreed to forego the
balance of 4301., and the purchase of the lease being
thereby complcted. To meet this outlay the directors
had been compelled to advance the necessary sums out
of their own resources, making together 4601., besides
3251. borrowed last March and April, as authorised by
the proprietors. These advances on the part of the di-
rectors are adverted to in the report, in proof of their
confidence in the ultimate success of the company, to
ensure which, however, " another effort" was required,
viz., to make a fresh call of ss. per share, to extricate
them from their present pecuniary difficulty, and enable
them, with the moneys they hope shortly to receive from
the sale of ores, to resume working the mine with:the
requisite energy. Under the peculiar circumstances,
the directors have felt compelled to stop all works at
the mine, except those necessary for preparing the ore
now on bank for market. In future, it is intended that
printed statements of their reports and accounts should
be placed in the hands of each shareholder prior to the
general meetings, in order that he may come prepared
to ask such questions as may be deemed necessary. A
report from We agent, Captain Hugh Jones, was read,
containing full particulars as to the state of the mine,
and among the resolutions adopted was one empowering
the directors to make a call of ss. per share. A sample
of umber was produced, of which there was stated to be
a large quantity at the mine capable of being rendered
available for the market, and which may be seen at the
offices of the company.
The accounts presented at the Craig-y-Mwyn meeting,
showed a balance in favour of the mine of 481. 9s. 4d.,
the produce of sales of ore in Dec. being 3081. Bs.,
and the mine cost for three months' working, 2551. 18s. Bd,
A call of ss. per share was made to meet the cost of a
new water-wheel, the erection of which is recommended.
Some good specimens of ore were exhibited at the
meeting, and the report was considered highly favourable.
At the Peter Tavy and Mary Tavy Consols meeting,
the report of the committee stated that an extension of
the leases of the company had been effected at an out-
lay of 200/. The previous balance of 672/. 9s. Id. had
been reduced to 5291. 16s. 5d., out of which 200/. is to
be paid for the extension of the leases referred to. A
promising lode has been laid open, and a shaft will be
sunk early in the spring. The agent's report states
that he expects to reach better ground shortly in the
bottom of the winze. The exertions of the committee
on behalf of the adventurers were cordially acknowledged,
and sanguine hopes were expressed of the ultimate suc-
cess of the speculation. _ .

A referenCe to our Share List will show the extent
of transactions during the week—in many instances, as
will be seen, at an advance on previous quotations,
while some have slightly receded in price. Among the
former may be named Wheal Mary Ann, Devon Great
Consols, Tresavean, Treviskey, 'North Buller, Wheal
Union, East Pool, South Wheal Basset, Mill Pool, St.
Aubyn and Grylls, and Wellington. In general, the
late tendency to a rise in prices has been steadily main-
tained.

In Foreign Mines business has been done in Aus-
tralian Imperial Brazilian, National Brazilian, St. John
del Rey, United Mexican, Alien, and Santiago.—The
Marmato Company have declared their first dividend,
for the half-year, of 11. per share.
A requisition has been presented to the directors of
the Australian Mining Company, to convene a special
meeting, when, we understand, the affairs of the associ-
ation will be investigated, with the view of an entire
alteration being effected in the management.