The Sun.
London, England, 1850-01-30 00:00:00

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A 474---T,
44.
SUN OFFICE, Seven o'Clock.

1.1.N1147:kD MEXICAN MINING
..41.WCIA.TION.-(THIS DAY.)

-.X half-yearly general meeting of the proprietors
'this association, for working silver mines in Mexico,
held this afternoon, at the offices, No. 5, Fins-
lury-circus ; Sir John Eastbope, Bart.,in the chair.
The report, which was read to the meeting, stated
that the directors bad little to add to the in-

formation which was laid monthly before the pro-
prietors on the arrival of advices; but they had the
s _sfaction of congratulating them on a gradual
lasprovement in the prospects of the company. At
last general meeting the proprietors were in-
formed that Mr. Shoolbred, the present manager at
Mexico, had entered into two contracts for two new
;nines, called the "Promontorio" and " Aldano."
Toe first adjoined the mine of Rayas, the vein of
which, it was 'oelieved, ran into it. The workings of
Promoatorio had been prosecuted with encouraging
prospects of success, the produce having already
nearly covered the outlay. The other mine being
situated on entirely virgin-ground, and the
shafts requiring to he sunk to 140 feet, the directors
had watched its progress with some anxiety, but
from the announcements contained in the last
di4atch, it appeared to give fair promises of be-
coming a valuahle acquisition. Though the shaf
was 40 varas from the main lode, a small vein of
ore had been met with, which yielded 451. per ton.
The managers had also secured another mine, called
Jesus Maria jJose, situated in the celebrated vein
of La Luz, and half way between the 'mines of La
Luz and Santa Lucia, the two richest mines now
working in Mexico. All the surface workings had
been completed, and the sinking of the shaft vs as pro-
ceeding gradually.. The terms upon which it had
bean purchased were very favourable, and great hopes
were entertained of the successful result of th'_s pro-
perty. The workings of the Rayas mine
had been subject to the mutations usually
incidental to mining operations, but there was
no reason to fear that its productiveness
would be diminished. The company's share of the
produce of this mine, from Ist January to the end of
September, amounted to 71,380/. ss. 3,1 , which re-
duced the mining debt to 462,5931. 4s. 53. The
Haciendas of the company, four in number, viz.,
Barrera, Dolores, Duran, and Casas and Blancas,
were kept, and would be employed. The Zacateca
claim upon the Mexican Government, so long
outstanding, had again been brought before
the attention of Lord Palmerston, and the
directors had reason to believe that his
Lordship's instructions to her Majesty's Charge
d'Affaires would lead to a settlement. The report
concluded by recommending a dividend at the rate of
7s. fid. per Aare, to be payable on and after the Ist of
February next.
The total receipts amounted to 43,3371. 7s. 6d.,
and, after paying expenaes and allowing for liabilities,
there were left available assets to the amount of
1 4,7971 7s. 9d.

The CIILIEMAN said, as it had been the practice of
the company for many years to communicate without
the least reserve to the proprietors, by means of cir-
culars, all the information that was received from
the Commissioners at Mexico, they were just as well
acquainted with the state of their affairs as the direc-
tors. M Eking these communications to the proprie•
bra bikd been the result of some inconvenience,
and tentied to interfere with negotiations at Mexico;
hat the directors were ready to pay the penalty in
Drder to producD,thatAcind unanimity and good feel-
ing which ha was happy to say always pervaded their
• . .

cieetings owing to the frankoEss with which the di-

rectors treated- the ptoprietors. After alluding to
the facts stated in the report, he concluded by moving
tliat.it be received and adopted.
. The motion was unanimously carried.
A dividend of 7s. 63.Ashare was then agreed te, and
Mr. Henry Bunster elected a director, in the place
or' Mr. JaruFs Nelson. Shoolbred, who had been ap-
pointed Ahnver at Mexico.
A vote thanks was then passed to the chair and
directors, and the meeting separated.