THE NOR'-WEST GOLDFIELDS.
[BY TELEGRAPH.]
(FROM OUR CORRESPONDENT).
ROEBOURNE, October 13.
The latest news from Mount Mortimer is that a new rush has begun to the
flat, where stores have been established. The men have been deep sinking
and good gold has been found. About a hundred ounces have been brought in
since Friday. Many of the miners have come in for a spell, as water is
very scarce on the field.
THE CENTRAL G.M. COMPANY.
A GOOD CRUSHING.
Mr W. E. Clifton, legal manager of the above Company, has handed us the
following report, dated Southern Cross, 7th October: — Yours of the 1st
inst. to hand. I have now to inform you that I finished cleaning up at
the Battery yesterday morning. Yield 128 ounces from 125 tons stone, and
have handed over the management of the mine to Mr Cohn. No. 2 underlie
shaft sunk 17 feet; total 31 feet from the surface.
GOLD MINING IN THE MALAY PENINSULA.
A Singapore correspondent, writing to a friend in Perth, under date Sept
20, refers to the Raub gold mine, which has attracted a good deal of
notice in Australia from time to time, and is situated in Pahang, one of
the States of the Malay Peninsula. He says: "Mr Bibby, the manager of the
Raub mine, has come down from Pahang this week, bringing with him the
first gold, and there is a good deal of excitement about it. It does not
seem much to boast of, but it is wonderful how excited people get about
it. And yet it is quite uncertain whether Raub will be a paying concern,
and as the capital of the Company is £1,000,000 in £1 shares paid up to
17s 9d, it will have to be a rich mine to pay a good dividend. At present
the shares of £1 each are only worth in Singapore about 1 1/2 dollars, and
possibly people who buy at that price might make 5 per cent. on their
money. As a matter of fact, however, nobody holds shares as an
investment, but only on the chance of a boom."
