The Wallace miner. [volume] (Wallace, Idaho) 1907-current, 1914-04-23
INTERESTING COMPANY REPORTS
Showing Profits Made by English
Companies in Africa.
mining e. Scientific Press)

(Mining & Scientific Press)
South African Gold Trust, Limited.
This is a large holding company,
having shares in 81 different mining
companies operating in South Africa,
West Africa, Rhodesia Brazil, Yukon,
California Gncluding Oroville Nato-
mas and Yuba dredging), and Mexico.
The holdings are not limited to gold
mines, but include tin. oil, electric
power and cyanide production. The
companys ordinary share capital
stands at 100000 pounds and the pre-
ference share capital at 5000 pounds
During 1913 the sixteenth drawing of
10000 pound debentures for redemp
ton, in terms of the issue, has taken
place, leaving $4,000 pounds outstand-
ing. The realized net profits on the
years operations almost entirely de-
rived from dividends on investments
and interest on loans, after doductng
amounts to 99,129 pounds from which
the dividend on the preference shares
and French government taxes has been
deducted, leaving 6S,397 pounds, which.
with the amount brought forward from
last year. namely. F63,4A pounds,
makes a total of 131 .S41 pounds, sub
ject, however, to depreciation. The
directors regret to have to report that
the total depreciation amounts for the
year to 2S6,S96 pounds. This amount
has been provided for by charging
100000 pounds against the wasting as
sets account. 10000, pounds against a
credit reserved in previous years for
unforeseen contingencies, and the bal
ance Of 106,396 pounds agains the pro-
fit and loss account, leaving the sum
of 25,445 pounds to be carried forward.
The directors regret, under these cir
cumstances, that they are unable to
recommend the distribution of a divi-
dend on the ordinary shares. AS was
the case last year, the depreciation
exceeds the declared profit, and the
Consolidated Gold Fields of South At
RIGA, Ltd, is, therefore. not entitled to
any percentage on the declared pro-
fits, and as the directors undertook to
be governed by what applied in this
respect to the Consolidated Gold Fields
of South Africa, Ltd, neither do they
get any benefit by way of commits
sion.
Mt. Bschoff Tin Mining Co.
This Tasmanian property is one of
the most noted in the world, and has
paid to the end Of 1913 $12,307,200 in
divid nds. $172, of which was paid
during the second half of 1913 Ore
reserves are estimated at 2,176,000
tons of tin bearing ore. During the
last period, 122601 tons was stamped
and concentrated yielding 500 tons of
tin oxide. The smelling works at
Lounceston treated 619 tons of COM
pany product and 1867 tons of custsm
product, yielding 500 and 1893 tons of
99.SS per cent tim respectively. Costs
of mining, aerial ropeway, milling,
power and administration, etc, totaled
$1.15 per ton of ore treated. The rev.
enue for the half year was $780, 900;
net profit, $l11,000; dividend. $172 800;
carried forward, $432 900; and surplus
over liabilities $4,000.
Nundydroog Company, Ltd.
This is one of the Indian mining !
operating at Kolar, in the +
state of Mysore. The superintendent,
Charles II. Richards, reports as fol- I
lows for 1918: A total of 1864 males
and 444 females was employed at the
mine, $40 of whom were natives. An