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SOUTH AFRICAN MINES;
THEIR

POSITION, RESULTS, & DEVELOPMENTS:

TOGETHER \VI'I‘II AN ACCOUNT OF

DIAMOND, LAND, FINANCE,

KINDRED CONCERNS.
BY

CHARLES SYDNEY. QOLDMANN,

F.R.G.S.,

WITH THE (IO-OPERATION OF

JOSEPH KITCHIN.

Wolmur 1!.
RAND MINING- COMPANIES.

cr'rug
UNI VERSI'I‘Y
QALIFZ‘HNIN

LONDON:
EFFINGHAM WILSON a 00., ROYAL EXCHANGE, 19.0.
JOHANNESBURG :
ARGUS PRINTING AND PUBLISHING COMPANY, LTD

1895-6.
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INTRODUCTION

\VHEN the author published—more than three years ago—his “ History of the Witwaters'
rand Companies,” which met with a gratifying reception from the investing public both
in Europe and in South Africa and from the Press, it was his desire and purpose that the
information therein supplied should be periodically brought up to date by the issue of
supplements or new editions. The pressure of other occupations has prevented his devot
ing to the task he had thus prescribed for himself that amount of continuous attention
which its execution was found to entail‘: 'LBbétghxle inquiries constantly addressed to him
as to his intentions in the matter have convinced him that there does prevail a widespread
and urgent demand for more recent and more complete information relative to South
African Mines than is obtainable from his original treatise, or from any other existing
publication—a demand which extends to many mining enterprises and kindred concerns
which had not formerly been dealt with by him—and in the three volumes, of which this
is the first, he has attempted to satisfy that want.
The present work is no mere supplement or reissue of the earlier volume,- it is, in all
essential repects, a new production. The rapid and marvellous developments of the
mining industry of South Africa that have taken place, and in particular those connected
with the Transvaal goldfields, have rendered it necessary that the book should be entirely
recast. Many of the financial and statistical details incorporated in the older book have
passed into the domain of ancient history, and have ceased to possess practical interest
or value for the shareholder and investor. In this respect the author has departed from
the design of his earlier work. The work involved in conscientiously revising and bring
ing up to date such a mass of information, and the numerous difliculties inseparable from
the collection of so much new matter as has been embodied in the present volumes, in
order to keep pace with the immense strides which are almost daily being taken by the
mining industry, necessitated an unavoidable delay, for which the author asks some con
sideration and indulgence. To avoid giving the work an unwieldy character, the author
decided upon dividing his material into sections. The difierent mines are grouped accord
ing to their locality and character, with a view to comprehensiveness and conciseness in
detail.
Volume I. deals with the Witwatersrand mines, with an introductory treatise on the
geological formation of the Witwatersrand conglomerate beds and the various theories
iii
iv INTRODUCTION.

that have been expounded in relation thereto. A full account is given of the cyanide pro
cess ; its success from a commercial point of view is dwelt upon; due attention is bestowed
on the improvements it has undergone; and, in fact, a general description is furnished of
the various reduction processes in use on the Witwatersrand. A genealogical table accom
panies this part of the work, showing the different treatments the ore undergoes after it
leaves the mines, and including an estimate of the respective percentages of gold extrac
tion by means of the various processes in use, and the comparative efficiency of extraction
thus obtained.
A uniform system has been adopted in analysing the respective mines, which will
facilitate the finding of the particular information required. In dealing with the finances
of the companies, the author gives a summary of the capital invested in the individual
mine, the cash resources at present at its disposal, and generally an up-to-date statement
of its financial position and the amount paid in dividends. In the technical section he
gives, as far as possible, a general outline of the present extent of development and equip
ment. The main idea underlying the material supplied in this section is to give in ashort
and concise form such information and data as will lead to the better appreciation of the
position, value, and prospects of each undertaking. The amount of ore reserves, and of
the annual, half-yearly, and monthly profits, are recorded; analytical tables give the
working cost per ton distributed over the respective heads of expenditure, which admits
of a careful check from mouth to month ; and percentages of extraction, yield per ton,
etc., are also set down. A description is given of the method and amount of development,
the value of the reefs in the respective levels, any variation in the inclination of the reefs
as depth is attained, and the actual and milling width of the reefs. To this is added a
full summary of the mine equipment.
Volume II. treats in a similar manner of the companies outside the \Vitwatersrand,
such as those working in the Klerksdorp, Potchefstroom, Lydenburg, De Kaap, and
Rhodesian fields. Diamond companies fill a section by themselves, and so also do coal
properties and industrial undertakings, such as tramway, lighting, electric transmission,
and waterworks companies. This volume also includes details of land, exploration, trust,
and finance companies. Volume III. consists chiefly of maps, plans, and charts, all more
or less referring to the companies dealt with in Volume I. The dip and tonnage charts
and tables, the plans of the various mines, and the most recent map of the Witwatersrand
goldfields, constitute not only supplements to Volume I., but should prove of general use
in themselves.
In order that some estimate may be formed of the far-reaching progress of events
during the past few years, it is now intended to give a few condensed facts and figures,
derived partly from official sources—notably from the annual reports issued by the
State Mining Engineer, and from the annual reports of that invaluable institution, the
Witwatersrand Chamber of Mines.
From 1884 to 1894, both years included, the South African Republic (Transvaal) pro
duced 7} million ounces of gold, of which no less than 6§ million were the product of the
\Vitwatersrand, dating from 1887, and practically included in a tract of country lying for
some fifteen miles on both sides of the town of Johannesburg. During the last year, 1894,
the Witwatersrand mines proper were responsible for the production of some 2,000,000
ounces, or about one-third of all the previous outputs. In order to show the rapid strides
 INTRODUCTION. v

made by the Witwatersrand during the past few years, it may be stated that the increase
in the gold output between 1891 and 1892 amounted to nearly half a million ounces;
between 1892 and 1893, to over a quarter of a million ounces; and between 1893 and
1894, to over half a million ounces; whilst the total outputs for the first nine months of
1895 are equal to 1,711,337 oz.
In 1894.- the Witwatersrand gold mines, with some 2,000 head of stamps constantly at
work, crushed over 2% million tons of gold-bearing “ banket,” from which, including the pro
duct of the treatment of tailings, a little over 2 million ounces of gold were produced, or
over 60 tons weight, of an estimated value of nearly £7,000,000 sterling. The cost of pro
ducing this large amount of gold can be approximately gathered from the returns of stores
consumed and wages paid, taken from 60 of the principal mining companies, which stand
as follows: Paid in wages and salaries to miners, millmen, and other managing ofiicials,
ll million sterling; paid in wages to coloured native labour, inclusive of cost of their
food, 1Q million sterling; cost of fuel consumed (principally coal), .5 million sterling; cost
of explosives, fuse, etc., 1 million sterling; cost of other stores, such as mining timber,
candles, drill steel, etc., J; million sterling; or a total of some 45 millions sterling.
The annual report of the State Mining Engineer for 1894 states that, taking the
returns issued by 141 mining companies actually at work within the Republic, their
nominal capital was equal to £24,702,815, their issued capital to £22,940,321, and their
working capital, inclusive of cash payments to vendors, to £7,869,811. The total amount
of dividends paid by all mining companies throughout the Republic up to the end of 1893
amounted to £3,503,867. Taking 52 of the leading Witwatersrand mines, the total divi
dends paid by them up to the end of 1893 amounted to £2,609,299, whilst during 1894 the
same mines paid dividends amounting to £1,141,781. The difference in the market valua
tion of the shares of the 52 \Vitwatersrand mining companies during the year 1894, was
£13,557,044 at the beginning of the year and £31,782,613 at the end of the year.
The accumulated evidence derived by actual mining experience over an active period,
extending from 1887 to the present time, and also from practical geological research, as
carried out by boring with the aid of the diamond drill, has served to prove with ever
increasing force the permanent nature of the gold-bearing deposits of the Witwatersrand
to a period far beyond the life of any of those now interested. It is a fact that cannot be
disputed, that no single mine of all those stretching to Modderfontein on the eastern side
of Johannesburg, and to llandfontein on the west of it, has disappointed the reasonable ex
pectations of the miner as regards the auriferous nature and permanency of the deposits,
the failure of mining ventures being generally due to mismanagement, or early vicious
methods of finance. Failure, in fact, has been the fault of man, but not of nature. The
great economic success of gold mining on the Witwatersrand is due to the following favour
able factors: (1) The occurrence of the gold in sedimentary and stratified deposits as
represented by certain beds of conglomerates, known also popularly as “banket” beds,
and erroneously as reefs. (2) The remarkable regularity with which these gold deposits
extend for great distances, that is laterally, or on the line of strike of the formation, and
clinically, or in the direction of its dip, without moreover suffering from any great
geological disturbances. (3) The existence of I plentiful, cheap, and easily obtained fuel
supply, in the form of practically an inexhaustible coalfield, situated directly in connection
with the gold deposits. (4) A plentiful supply of labour. A plentiful supply of water.
vi INTRODUCTION.

(5) Climatic conditions of a nature which permit of regular and good work being per
formed throughout the year, under naturally highly salubrious conditions. (6) The
concentration of energy, operatively and commercially due to the close proximity
of the mines one to another, and the similarity of conditions under which all the
mines are operated, both in relation to the method of working, the deposits mined, and
the after treatment of the minerals extracted. (7) To these may now happily be
added the extreme confidence of the investing public in the industry, which permits
of sufiicient capital being always available for its development and equipment. (8)
The honest manner in which the Witwatersrand mines are being worked. (9) The
accumulation and concentration of combined technical and commercial intellect. (10) The
formation of late years of various corporations which work for the advancement com
mercially and scientifically of the mining industry, and further act as a safeguard to the
investing public, such as the Witwatersrand Chamber of Mines, the Association of
Engineers and Architects, the Chemical and Metallurgical Society, the Geological Society,
and many others.
The confidence of capitalists in the permanency of the Witwatersrand goldfields is
best illustrated by the energy with which the exploitation of its gold-bearing deposits is
either being undertaken or initiated by them, at depths which have probably never pre
viously been attempted in the history of gold mining. Thus it may be said that on the
“Main Reef Series ” alone, as taken to extend from Modderfontein on the east to Rand
fontein on the west, there are, for instance, at the present time, practically three parallel
lines of exploitation, consisting, first of all, of the mines situated on the outcrop of the
deposits, consisting practically of one long and uninterrupted row of some 70 difi'erent
gold mining companies, all of which own proved gold properties. More than half of these
are actually producing gold at the present time, whilst all the others will eventually do so.
On the second line, situated at a distance of, more or less, 2,000 ft. from the outcrop of the
Main Reef Series, there are at the present time about a dozen mines, commonly designated
as deep level properties, about half of which have not only proved, but are developing,
mines on the same deposits as are worked by the outcrop Companies, whilst the balance
will certainly shortly do so. On the third line of exploitation, situated from 3,000 to
6,000 ft. from the outcrop mines, several shafts are already in course of being sunk to the
same deposits; whilst boreholes have either already proved the existence of the deposits
at various points, or are now in the course of being drilled. From this it will be seen that,
whereas at one time the gold productive power of the Witwatersrand was practically
limited to the life of the mines working on the outcrop of the deposits, it is now in the
course of being doubled, and eventually possibly trebled, by those situated on the second
and third parallel lines of exploitation. It is therefore certain that an ever-increasing
output of gold will, in all human probability, be produced for many years to come.
The June output marks a distinct epoch in the progressive history of the Witwaters
rand gold mining industry ; the gold production has now entered on a higher plane. For
the past three years the monthly output has ranged between 100,000 and 200,000 oz.
The output since July, 1892, has just been doubled, as the total for June, 1892, was
103,252 oz., as against 200,941 oz. for June, 1895. The actual production for 1892 was
1,210,867 oz., which placed the Witwatersrand fourth amongst the gold producers of the
world—Australia, the United States, and Russia being in advance. Now, taking the June
 INTRODUCTION. \‘ii

output as the average, the yearly output will be 2,400,000 02., giving, at 709. per 0z., 9.
money value of £8,400,000, which places the Witwatersrand first amongst the gold-pro
ducing regions of the world, as last year Australia’s output was valued at £8,200,000, and
that of the United States at £7,900,000. The world, however, must be told that the
\Vitwatersrand has not by any means reached the zenith of its productive power. At the
present moment it is in a period of transition, of which :1. conception cannot better be
formed than by travelling along the line of reef from end to end, and watching the
activity in all directions. On every side stamps are being added to the mills, new
batteries are in course of erection, and new and additional chemical plants and works are
in course of construction.All this means increased gold production. The following
figures, showing the marked increase in the production, speak for themselves :—

l
Month 1887.‘ 1888. | 1889. , 1890. | 1891. 1, 1892. l 1898. | 1894. , 1895. Total to date.

02. oz. oz. 3 oz. oz. . oz. oz. oz. ' oz. oz.
Tanuary - 7,928 1 95,007 59,205 | 84,560 108,974 149,814 177,469 29,155-1887
February - 12,180 22,407 96,887 50,079 86,649 99,252 151,870 169,295 208,122—185H
March - 11,976 27,919 | 97,780 52,949 99,245 111,474 165,972 184,945 969557-1889
April -- 14,146 27,029i 99,697 56,972 95,562 112,059 168,745 186,929 42,000 1987
May . 887 19,997 85,028‘ 38,836 54,679 99,496 116,911 169,779 194,580 unre- E1888
lune 794 12,779 90,878; 87,419 55,869 109,252 122,907 168,162 200,941 corded. 1889
July 240 16,687 91,091 99,457 54,924 101,279 126,169 167,959 199,764 494,817-1890
August 1,409 18,616 90,620 42,864 59,070 102,922 196,069 174,977 208,579 7%),238—1891
September 1,996 20,242 94,149 I 45,486 65,602 107,852 129,585 176,707 194,764 1,210,867—1892
October 4,029 27,165 92,214 , 45,249 72,799 112,167 186,682 179,978 — 1,478,479_1899
November 5,469 26,827 99,722 1 46,789 79,894 106,795 188,640 175,904 _ 2,024,159-1894
December 8,457 26,784 99,050 , 50,852 80,929 117,748 146,957 182,104 - 1,711,997_1895
Total ounces 29,155 208,122 ‘869,557 ‘494,817l729238 l1,210,867 1,478,479 2,024,159 1,711,997 8,291,720

“What some of the mines are capable of doing is shown by the following table, from
which it will be observed that 12 companies alone are responsible for half of the total
monthly gold production. The following returned the highest outputs for July out of a
total of 199,453 oz. :—
OZ

Robinson 12,773
New Primrose 12,150
Langlaagte Estate 12,020
Crown Reef 11,839
City and Suburban 10,095
Geldenhuis Estate 7,779
Simmer and Jack 7,085
Wemmer 6,432
May Consolidated 6,025
Ferreim 5,968
Durban Roodepoort 5,899
Jumpers 5,579

109,644

When those closely identified with the Witwatersrand mines discuss the future of
these goldfields, the world, although in a sense recognising the unique character of the
viii INTRODUCTION.

\Vitwatersrand deposits, cannot associate its mind with the sanguine views expressed by
them. Though the majority of sceptical prognostics have been won over to acknowledge
the wealth of these goldfields by men of independent opinion and high repute, such as
Mr. Hamilton Smith and Bergrath Schmeisser, there remain an incredulous section who
would regard the forecasting of gold returns in the distant future as extremely hazardous
and reckless. It may suffice, therefore, to review the past six months and anticipate only
what is likely to occur in the near future. This will afl'ord conclusive evidence of the
pushing policy underlying all developments, which, again, is based upon the positive con
viction that most of the Witwatersrand mines have far from reached their full productive
capacity.

In December, 1894, 2,290 stamps were at work, crushing 244,649 tons per month=3'84 tons per day.
11 Januardh 18951 21345 11 11 11 ,, 262,897 11 ,, 11 =4-23 11 11
11 February1 18951 21250 11 11 11 11 2361425 11 11 11 =4 11 11
11 1H3‘r0111 18951 21405 11 11 11 11 2611“)6 11 11 11 ‘14.08 11 11
11 Apri11 18981 214m 11 11 11 11 2651716 11 11 1: :41’; 11 11
11 Ma'y1 18951 21502 11 11 11 11 2891034 11 11 11 =4'12 11 11
11 ‘Tl-11161 18951 21597 11 11 11 11 2901286 11 11 11 =4'06 11 11
11 July1 18951 21615 11 11 11 11 3091516 11 11 11 24.15 11 11

This shows an increase in the milling power of 325 stamps within the first half of the
year, and an increase in the tonnage crushed of 64,867 per month. The crushing capacity
per stamp per day has also increased from 3'84 tons per day to 4'15, which is due to
heavier stamps being in use.
The following increases have taken place within January 1, 1895, to May, 1895 :—

End of 1894. Increase. May total.

City and Suburban 130 4O 170
Geldenhuis Estate 80 40 120
George Goch 50 IO 60
Glencairn - 50 2O 70
Henry Nourse 25 15 4O
Jubilee 35 20 55
Langlaagte United — 60 60
May Consolidated :30 30 8O
Metropolitan 50 10 60
Meyer and Charlton 50 10 60
New Crcesus — 60 60
New Kleinfonteiu 50 15 65
New Primrose 100 60 160
New Rietfontein 35 15 50
Paarl Central 45 5 50
Robinson 7O 50 120
Salisbury 2O 15 35
\Vemmer 4O 10 50
\Volhuter 4O 5O 90

920 535 1,455

 INTRODUCTION. ix

The following increases should occur shortly :—

Present mill. Increase. Full total.
City and Suburban 170 §le§e e e§s§e §
Durban Roodepoort
Geldenhuis
Ferreira Deep
§l8 |8l l86l8$ 100
Ginsberg...
Langlaagte Roya
60
Minerva .. 40
New Comet 40-20
Orion %8‘58
Treasury...
Princess

Wolhuter
Worcester 10

590
The following further stamps are in course of construction :—
Block B 60
George Goch 2O
Glencairn 3O
New Kleinfontein 35
New Heriot 4O
Salisbury 15
United Main Reef 20

Total increase in the immediate future 220 stamps.

Together with the increase of 535 stamps above referred to, the total additional
stamps which will be running in the immediate future are 1,345 stamps.
The following companies have batteries in course of construction and erection, and are
likely to start within the next few months :—
Increase. Total.
East Orion 50 50
Langlaagte Star 60 60
Modderfontein 60 60
New Aurora West 40 4O
Pioneer 3O 30
Simmer and Jack 180 280
Spes Bone 50 50
Witwatersrand 60 60

530 630
The following companies have decided upon the following erections :—
Increase. Total.
Balmoral 60 60
Bonanza 4O 40
Horsham Monitor 80 80
New Rietfontein 50 100
North Randfontein 60 60
Village Main Reef 100 100

390 440
VOL. I.
I; INTRODUCTION.

This makes a total increase of 2,265 stamps. As all the recent patterns of mills are
of a heavy type, it is reasonable to assume that the crushing capacity per stamp per head
will be 4* tons per diem, which would be equivalent to 298,178 tons per month, or
3,578,136 tons per annum. The average extraction of the ore crushed in the Witwaters
mad at date varies between 13 dwt. and 14 dwt. per ton. Taking for the sake of
calculation an average of only 13 dwt. per ton, the total increase in the annual production
would be about 2,325,788 oz., at 70s. per oz., having a value of £8,140,258, which, taking
the output for 1894, viz., 2,024,159 02., as a basis, having a value of £7,084,556,
would together give a grand total of 4,349,947 oz., having a value of $315,224,814, which
is about as much as both Australia and the United States are producing together. Making
even a liberal allowance of say 10 per cent. for depreciation in the yield of ore per ton,
the output would still represent the large value of $313,702,333. This decline, however, is
not likely to occur, as any depreciation in the yield of the ore per ton will most probably
be partly counterbalanced by the better extraction obtainable with more improved
methods, together with the treatment of slimes, which are calculated to give an average
extraction of about 3 dwts.
The above calculation represents an increase which will very probably occur. within
18 months from date, and will prove to the world the capability and soundness of this
industry. In this calculation the only deep level company appearing is the Geldenhuis
Deep, whilst about eight more will have reached the producing stage within the next 2 to
2t years. The output is at present made up by 45 to 50 producing companies. Many of
the outcrop companies are not even contributors. There are, for instance, going from
west to east, the companies on Randfontein, the Luipaard’s Vlei Estate, West Rand, York,
Lancaster, Windsor, French Rand, Banket, Kimberley Roodepoort, Vogelstruis, Bantjes,
New Unified, Main Reef, Angle-Tharsis, Glen Luce, Van Ryn West, Modderfontein, etc.,
which are all in course of active development. Some of them have been lying dormant
for several years, and will once more resume crushing operations with every probability of
obtaining better results than formerly. The following deep levels are being developed to
supply a minimum of 100 stamps each: Crown Deep, Langlaagte Deep, Jumpers Deep,
Robinson Deep, Nourse Deep and Rose Deep. These will add 600 stamps to the total
already given.
Deep level and other companies such as the Glen Deep, Knight’s Deep, Witwaters
rand Deep, Vogelstruis Consolidated Deep, Simmer and Jack East, Simmer and Jack
West, Knight’s Central, West Kleinfontein, Benoni Gold Mines, Chimes West, Klein
fontein Central, Nigel Deep, Durban Roodepoort Deep, Roodeport Deep Level, Roode
poort Central Deep, and West Roodepoort, will all, within the next three to five years,
have reached the producing stage. In five years, even assuming the yield were to
go back from 13 to 10 dwt. per ton, there would be little reason, judging by present
knowledge and experience, why 7,000 to 8,000 heads of stamps should not be at work,
crushing 1,000,000 tons a month, producing 400,000 to 500,000 oz. per month or
5,000,000 to 6,000,000 oz. per annum, having a value of about £17,500,000 to £20,000,000
sterling. Here and there, no doubt, disappointments will occur. Where they do happen,
however, they are likely to be equalized by the producing capacity of many mines which
have not been taken into account in the above calculation.
The above calculations are given without any intention whatever on the author’s part
 INTRODUCTION. xi

of unnecessarily exciting the minds of the public. They are solely given to prove to the
world the importance of this gold-producing factor, and to justify the confidence which
those identified with this industry place in the future of the Witwatersrand Goldfields.
Mr. Hamilton Smith bases his calculation on the increase from the new deep level
mines, and, assuming they will all be fairly productive by 1897, he estimates a product of
£10,000,000 for that year, and £12,500,000 five years hence, which is a more conservative
view than the one expressed by the author. The large increase in the world’s production
of gold is a factor which will have to be seriously considered by all those interested in the
greet economic questions of mono- and bi-metallism. These calculations refer to the
Witwatersrand only, and though this is in every respect the most important district,
attention should be paid to the capabilities of the outlying goldtields of the Transvaal as
well. During recent years they have been in a state of suspended animation; but with the
influx of capital, these mining areas have lately attracted a larger measure of attention,
and renewed activity is everywhere apparent. This, in particular, refers to the Klerksdorp,
Potchcfstroon, Heidelberg, and Lydenburg districts. Of the total output of the Transvaal
for 1894—2,239,865 oz.—
oz. #3
The Witwatersrand goldfields contributed 1,949,937 representinga value of... 6,718,168
,, Heidelberg ,, ,, 52,685 ,, ,, 172,840
,, Klerksdorp and Venterskroon, represent
ing the Schoonspruit fields, contributed 78,358 ,, ,, 264,724
,, Malmani goldfields contributed . 494 ,, ,, 1,876
,, Barberton, Kaapsche Hoop, and De Kaap,
representing the De Kaap fields, con
tributed 87,483 ,, ,, 298,598
,, Smitsdorp, Haenertsburg, Klein Letaba,
Leydsdorp, and Agatha, representing
the Zoutpansberg fields, contributed 10,611 ,, ,, 38,104
,, Lydenburg fields contributed 60,276 ,, ,, 173,275
Vryheid fields. 1798 tons crushed Decem
ber, 1894. No official return given at
the end of the year.
,, Carolina goldfields contributed 13 ,, ,, 44
,, Pretoria goldfields contributed 6 ,, ,, 23

Total for 1894 2,239,863 oz. Value .£", 67, 52

For 1893, the total production of the Transvaal was 1,575,397 oz., having a value
of £5,480,498, which shows an increase for 1894 of 664,468 oz., having a value of
£2,186,654. With reference to the outlying gold districts, the Lydenburg fields have
come prominently into notice of late. It must be borne in mind that these fields, which
attracted diggers as far back as 1874, have given evidence of their undoubted wealth
where systematic prospecting has taken place; and, with a belt extending over 100 miles
from north to south, they offer enormous possibilities. Hitherto the most promising
discoveries have been made in the shales and chert formation overlying the dolomite,
which are the geological features peculiar to the district. The Theta mine, famous
for its richness, located within the area of the Transvaal Gold Exploration Company,
xii INTRODUCTION.

is in the shale formation, as also the Clewer, Jubilee Hill and Frankfort mines, whilst
payable reefs have also been proved in the dolomite formation. This district has
undoubtedly‘ suffered through its inaccessibility; but with the closer approach of the
Zoutpansberg railway from Delagoa Bay, these natural difliculties will partly be relieved.
A company has recently been floated by a combination consisting of some of the most
powerful and successful groups on the Witwatersrand, which, in addition to absorbing
the Clewer and Jubilee Hill mines, has scientifically located and taken up 200 miles
of ground on the supposed contact line of reef, and much will depend upon the successful
exploration or otherwise of this enormous tract of country, an undertaking with which
the fate of these fields will, to a great extent, be allied. The Klerksdorp Goldfield,
judging by the considerable increase in claims pegged and taken up, has apparently also
engaged much attention during the past few months.
Having discussed the potentiality of the Transvaal as a gold contributor, the next
question that naturally arises is as to the commercial success or otherwise of the many
gold mining companies in existence in the Transvaal—more particularly those of the
Witwatersrand goldfields—in relation to the capital invested and their earning capacity.
The capitalized value of the Witwatersrand gold mines has increased in a phenomenal
degree within the last twelve months, 105 companies, having an issued capital of about
£20,000,000, represented on July 19, 1894, a value of £25,500,000 ; on October 19, 1894,
£30,500,000; on January 19, 1895, £43,250,000; on April 19, 1895, £60,000,000; on
July 19, 1895, $171,000,000 ; and at the end of the same month, £82,500,000. Reducing
this increase to the average value of a £1 share, the value had on July 19, 1894, increased
to £1 58. 3d.; on October 19, 1894, to £1 108. 4d.; on January 19, 1895, to £2 3.9. 0'4d.;
on April 19, 1895, to £2 198. 9'5d.; on July 19, 1895, to £3 10.9. 611. per share. These
interesting figures have been taken from the Diggers’ News.
One hundred and thirty of the principal producing and working (including a few
finance) companies, having an issued capital of about £25,500,000, represented at the
end of July, 1895, a total value of nearly £103,000,000. This includes the Rand Mines,
value £10,500,000 ; Bufl'elsdoorn, £4,500,000 ; City and Suburban, £2,250,000; Robinson,
£5,250,000; Modderfontein, £3,000,000; East Rand Proprietary Mines, £4,000,000;
Langlaagte Estate, £2,750,000; Witwatersrand (Knight’s), £2,250,000; Consolidated
Goldfields, £6,000,000; Consolidated Investment, £3,000,000; New Primrose, Nigel,
New Rietfontein, Van Ryn, Village Main, Wolhuter, Glencairn, May Consolidated, and
Geldenhuis Estate, each representing over £1,000,000.
With regard to the dividends of the working companies, with (at the end of 1894)
a nominal capital of £24,702,815 and an issued capital of £22,940,321, the dividend
paying ones paid, up to the end of 1893, £3,503,867, equal to 20 per cent. of the total
value of the gold production up to the end of that year. In 1894 the proportion of
dividend rose to 215 per cent. of the value of the gold produced, the dividends amounting
to £1,647,063.
The following list gives the total dividends declared for 1895 up to the end of
October, and shows that 31 companies, with a capital of £9,895,177, have paid during
the half‘year £2,366,087.
 INTRODUCTION. xiii

Name of Company. 1 Issued capital. Per cent. 1 Cash divided.

Roodepoort United Main Reef £130,000 25 £32,500

Meyer and Charlton ‘ 83,200 25 , 21,300
New Primrose 1 280,000 25 [ 70,000
Nigel 1 160,000 20 1 32,000
Glencairn 225,000 15 33,750
Wemmer 55,000 100 , 55,000
Simmer and Jack 250,000 | 20 47,160
Langlaagte Estate 467,000 I 25 ' 116,750
Jubilee 50,000 , 90 , 45,000
Stanhope 34,000 40 I 13,600
Heriot ... ... ... ... 85,000 90 76,500
)ity and Suburban 85,000 75 1 63,750
binson 2,750,000 6 ! 165,009
Ferreira , 89,000 65 1 57,850
Durban Roodepoort 125,000 I 45 1 56,250
Geldenhuis Estate 200,000 30 1 60,000
New Chimes... ~ 100,000 1 45 | 45,000
Worcester 90,727 , 30 , 27,218
New Kleinfontein 100,000 , 12% , 12,5(X)
East Anglian 28,000 I 100 28,000
May Consolidated 275,1D0 20 1 55,000
Geldenhuis Main Reef , 150,000 I 10 , 15,000
Crown Reef 120,000 I 25 . 30,000
Jumpers ] 100,000 25 1 25,000
Orion... . 160,000 20 f 32,000
Consolidated Gold Fields 1,875,000 125 a 850,000
African Estates . 16,00) and 450,000 125 and 10 ' 65,000
Transvaal Coal Trust 1 450,000 10 45,000
Johannesburg Cons. Investment ‘ 650,000 20 1 130,000
Cassel (‘,olliery 75,000 30 , 22,500
Consolidated Deep Levels a 187,250 y 20 , 37,450
_> i 1

Totals ! £9,895,177 ‘ £2,366,087

The following table shows approximately the average working costs (6 to 8 months,
1894-95), including cyanide treatment, of 12 of the more prominent gold-producing mines
of the Witwatersrand, working (with the exception of the Worcester) with a mill capacity
of between 40 and 100 stamps, which, with an average of 60 stamps, brings out the total
working expenses for '7 companies at 308. 4d. per ton :—
l I) J ‘ , . r

1
,
l5.,.. .
3 . S Fig g- u
viii .5’ 0- "51533
a J
Name of Company. .No. of, Tons mm’ a ‘53 £5, ‘E :3 ‘a’ ggg ‘, 8 gfi {g
stamps milled. mg , 5§ 153 3,2 0,1 5|— édg 5,3,, 3....0‘:
00805. ‘ '8 -.-.,q l o o K :12 l >, 311:2 F,
I 3 “1 9 > I E4 a 2 O 0-2 Fl 0
4p , ,1 I, _ s as W“, W 7 WW1 *’ was
i I. d. a. d. I. d.‘ a. (Li a. d. 0. d. l I. J.
New Primrose 100 ’ 157,682 10 8 2 6 1 2 ‘ 4 8 ,19 2 5 1 ' 149,589 24 3
MsyConsolidated,6 months 50 38,365‘ 10 11 3 1 4 1 I 2 11 121 1 -_ _ _
Geldenhuis Fstate 70 98,141 10 5 5 3 1 2 5 1 121 11 — —— —
New Kleinfontein,8 months 50 29,728 12 5 4 3 3 0 4 O 23 9 3 7 27,930 27 4
Jumpers, 6 months... 1(1) 56,426 11 9 6 4 0 10 5 0 23 11 — — —
(‘i-own Reef 90 124,639 13 11 3 3 5 4 1 0 23 6 5 1 108,416 28 0
Meyer and Charlton so 44,961111 2 s 11 s 9 2 11 24 9 4 3 90,365 1 29 o
Ferrell-a, 6 months 40 25,100 14 7 6 1 1 8 6 5 28 9 not given. 21,176 —
\Vemmer,6 ,, 40 29,535 13 1 6 2 2 6 7 0 28 10 4 9 19,250 , 33 7
Robinson 70 107,935 13 1 2 10 5 9 8 4 30 0 3 11 70,525 | 33 11
\Volhuter 40 44,253 13 8 5 11 3 11 5 0 28 6 6 6 12,965 1 35 1
‘Worcester, 6 months 20 11,914 6 11 6 11 12 8 7 6 34 0 — — —

Averages ...00| 11104841_50,25 Tl 4a’

! i304
xiv INTRODUCTION.

Two questions which materially affect the commercial and mining success of the
\Vitwatersrand Companies are the percentage of extraction of gold from the ore and
the cost of mining and producing it. The former is dealt with in a separate article
following this introduction, and only the second need be referred to here. It cars
be easily understood, although the working conditions as between mine and mine
are remarkably similar, the cost per ton of working will be considerably alfected by
the varying thicknesses of the auriferous beds worked, and by any geological dis~
turbances, necessitating a large extra expenditure until such difiiculties have been
overcome. In most other respects, the cost per ton of working will depend almost
entirely upon the scale on which mining and the subsequent operations necessitated
thereby, in order to extract the gold from the rock, are carried out. Naturally'also»
the commercial and technical intelligence displayed by those responsible for the manage
ment of mines will exert considerable influence in the same direction. The estimated
costs of working given further on in these. introductory remarks, may, however, be
fairly accepted as a general average. But where a company has wide ore bodies to work
on, and has a correspondingly large milling capacity, the working expenses are lower
The Langlaagte Estate gives the best illustration of this. With a reef 12 to 16 ft.
wide, giving a total extraction of 10330 dwt., the mining and milling expenses amount
to 128. 11d. per ton; and cyaniding to 4-8. 4d. per ton. Including general charges,
maintenance, and expenditure on plant and depreciation, the total cost is under 209.
per ton, which in time ought to be the average cost per ton for the Band. A reduction
in the average cost of working may be fairly anticipated at no very distant date, more
especially in respect of such important factors as the rate of wages paid for native
labour, 9. decrease in the price of stores, due to a reduction in the duties paid on
imported articles, and also to a smaller cost of transport on coal delivered to the
mines.
There cannot be any doubt that, until the discovery of the stratified gold—bearing‘
formation of the Witwatersrand, commercial men the world ever have regarded gold
mining as the very quintessence of speculative investment. The capricious nature
of all other gold deposits, with their liability of suddenly disappearing, or “pinching
out ” as the miners term it, without any reasonable warning being given to shareholders
in gold mining companies, has undoubtedly been the cause of this proverbial distrust.
Gold mining on the Witwatersrand, however, when honestly conducted, can, from the
very nature of it, be regarded in the light of a settled and respectable industry, equally
as much as that of coal mining or the manufacture of any article; and for the successful
investment of capital it is merely necessary that investors should regard it in this manner,
displaying business-like intelligence in inquiring into the merits of the difi'erent under
takings. Under such conditions Witwatersrand gold mines probably present a better
field for the investment of capital than is to be found in any other industry, since
the value of the product remains constant, and there is consequently no danger of gold
suffering financially from over-production, as is the case with all other commodities.
All the more prominent and better conducted gold mining companies in the Wit
watersrand district now make a practice of publishing detailed and elaborate monthly,
half-yearly, and annual reports, from which sound deductions can be made, in order
to ascertain the intrinsic merits of any concern. The purchaser of shares in gold mining
 INTRODUCTION. x'v

companies, however, frequently begins to study such statements only when he has
had unfortunate experience; whilst, should he perchance succeed in his injudicious
speculations, in his conceit he will plunge again into final ruin.
For the benefit of those investors not intimately connected with the Witwatersrand
gold mining industry, it may prove of use to give investors some general idea of the
kind of inquiry a careful investor should make before sinking his capital in any
undertaking :—
PP’SQE“ What is the nominal capital ?
What proportion of this is issued?
If there is a reserve share capital, under what conditions can it be issued ?
\Vhat proportion of the working capital is already expended, and what balance still re
mains in hand ?
5 Has the company any debts, and, if so, how are these being liquidated?
6. What is the annual income of the concern?
7. What is the amount of dividend hitherto paid?
8 How are the annual profits being applied ?
9. What is the percentage of the extraction of the ore ?
10. What is the yield of the ore?
11. What is the value of the gold ?
12. What is the working cost per month ?
13. What is the capital expenditure per month, and how is it being met ?
14. What is the condition and nature of the equipment?
10. What is the state of the formation of the beds, regular or much disturbed ?
16. What is the monthly tonnage mined? How much in excess of that milled ?
17. What are the ore reserves ?
18. Does the chemical combination of the ore present any extraordinary difficulties ?
19. How is the company being managed ?
20. Under which firm’s control is the mine being worked?
21. What is the life of the mine ?
The investor having decided upon what interest he expects to get as return for
his capital, can, with a regular dividend paying company, fairly regard some Witwaters
rand gold mines in the light of annuities, etc., suitable for capital investment.
In the case of those mining companies which have not, as yet, entered the dividend
or profit-earning stage, the following information should be first obtained by an intending
investor :—
(1) What is the present or intended milling capacity ?
In this connection it is safe to estimate that every 10 head of stamps will crush fully
1,000 tons of gold-bearing rock monthly.
(2) What is the total extractable quantity of gold recovered by milling and other
processes per ton of rock? '
This result being obtained, every pennyweight of gold so recovered may be taken
at an average value of 3s. 6d. It is true that gold obtained by amalgamating in the
mill is worth, as a rule, more than this amount. On the other hand, gold obtained
by the cyanide process is worth less, so that this amount averages out very fairly.
Thus a 10 dwt. total extraction would mean a value of 35s. per ton, which, being
multiplied by the total monthly crushing capacity of the mill, would give the total
monthly gross output of gold.
xvi INTRODUCTION.

(3) What are the total working expenses?

This is a more difiicult matter to estimate, but the conditions obtaining at each mine
throughout the Witwatersrand district are so very similar, that a fair approximation,
based on the working results obtained by other companies, may be accepted. Thus
with Witwatersrand mining companies it may be said that, with a milling capacity under
100 head of stamps, the expenses will vary from 308. to 408. per ton, whilst with mills
of 100 head and over, the total expenses vary from 15:. to 308. Probably a fair average
for most mines would be about 25.9. to 308. per ton.
(4) Careful inquiry should also be made as to the number of mining claims vwhich
are known to be underlaid by the gold beds.
The number of diflerent reefs worked, and their average thickness being ascertained
(if not ascertainable, then a mimimum working thickness of 3 ft. for each reef, or a total
of 6 to 8 ft. can be accepted), it is an easy matter to approximately calculate the mineral
contents of a claim. Thus a claim being 400 x 150 ft., it follows that its superficial area
is equal to 60,000 square ft. A ton of reef rock is equal to 13 cubic ft. The average
dip of the beds for the purpose of calculation may be taken at some 30°, so that due
allowance can be made on this account. Generally speaking, it may be said that for
every foot thickness of reef taken there are 4,000 to 5,000 tons of rock per claim.
Making fair allowance for loss in working, with these factors and a knowledge of the
first four rules of arithmetic, it is an easy matter to arrive at the approximate life of
a mine.
Mr. H. C. Perkins accepts 30,000 tons as the average ore contentsof aWitwatersrand
claim based on an accepted average width of reef and angle of dip. This estimate will
serve for the purpose of a general calculation. Should, however, the estimate to be
obtained relate to a specific area in which the width and inclinations of the reef are
known, reference to the tables contained in Vol. III. will give the required calculation.
Though 30,000 tons is the generally accepted average of ore contents per claim, there are
instances of big reefs and steep inclinations which will give 40,000 to 50,000 tons per
claim; whilst in other cases, where the reefs are known to be thin and the angle of dip
flat—as, for instance, in the Nigel district, where the estimated contents per claim are
very much lower—they may be considerably less than 30,000 tons. As, however, in most
cases the producing companies not only give full details of their development and ore
stoped, etc., but also issue diagrams showing these particulars, it is a comparatively
simple matter to draw one’s own conclusions as to the capacity of the mine in question.
Having dealt at length with the question of working cost and working results, it '
only remains briefly to inquire into the possibility of still larger profits being obtained
from each ton of ore. These, unless the average yield of the ore were to improve—which
is improbable—can only be brought about by two means: (1) Lower working cost. (2)
Higher percentage of gold extraction. Though no definite statements can be made on
the subject, the author is of opinion that such probabilities do exist. Experience has
taught that working on a larger scale means reduced cost, and so does the installation of
more perfect and more powerful equipment. The important companies are one and all
working in this direction, and in time a very marked difference will thus be brought
about, unless, indeed, such results are counterbalanced by unforeseen circumstances.
The mining industry at present considers itself heavily burdened by direct and in
 INTRODUCTION xvii

direct taxation, and would raise a sigh of lament at any legislative measure that would
have the effect of laying additional burdens upon it. _ Whether the Government harbours
designs of that sort, it is almost impossib'e definitely to say. A further saving in
working could be efiected by a reduction in the charge for the transit of coal, which
competition is likely to bring about. There is an abundance of coal throughout the
country. One coal mine alone, situated close to the Main Reef series, has recently ex
tracted the one-millionth ton of coal, and is now preparing for an annual extraction of one
million tons. A matter of more immediate importance is the native labour question—a
problem which is absorbing the attention of mine managers and the Chamber of Mines.
The demand being comparatively larger than the available supply, the price of labour
has increased to an abnormal extent; the native is enabled to accumulate the desired
resources within a shorter time than would otherwise have been the case; and the
industry is deprived of the longer sojourn at the mines which could be reckoned upon
from the natives under other conditions. This difiiculty was partly relieved by a coalition
of all members of the Chamber, who agreed to introduce a system of uniform payment
which prevented competition, and caused a reduction in wages all round. With the
increasing rate of development at the mines no doubt can exist but that the demand for
native labour must increase, and it is to be sincerely hoped that the Government will
co-operate with the industry in order to effect a more plentiful supply.
Attempts are being made to bring the aborigine question within the sphere of Govern
ment control. The latest measure in this direction has been the Glen Grey Act. The
broad idea of that enactment, if taken up by the South African Republic, quite apart
from the social and political benefits which it claims to effect, would certainly tend to
solve the question of native labour supply. At the present moment no less a number than
51,000 natives are being employed at the Witwatersrand as against the average of 42,500
for 1894-. The wages paid them during that year amounted to £1,748,174. The present
white labour amounts to about 7,000, as against an average of 5,500 for 1894- ; the amount
paid in wages during last year being £1,713,449, an average of £23 ls. per month, with
9'6 working hours per day.
With reference to the remaining question bearing on larger profits per ton, viz. that
of extraction, there seems little doubt that the recent successful experiments with methods
of separation, as also those attending the treatment of slimes, will in course of time
efl'ect a more complete recovery of gold contained in the ore than has yet been obtained.
Hitherto the working cost of treating tailings by means of the ordinary cyanide process
has varied between 28. 6d. and 6s. per ton, and the average cost may be taken as 48. 6d.
The Siemens-Halske electrical process claims to reduce the cost per ton to under 38.,
which, if this can be taken as the future standard of cost, would mean a material reduc
tion in the cyanide treatment. The economic advantage of cyanide treatment is, to a
certain extent, bound up with the question as to whether the McArthur-Forrest patent,
which is being contested at law, will be recognised as valid or not.
Dealing with the question of working costs as a whole, a leading mining authority on
the Witwatersrand is of opinion that the average cost per ton on the Witwatersrand fields
will be reduced to about 208. per ton. The average yield per ton has a value of 40.9.,
which would leave a net profit of 20.9. per ton. The industry has not yet reached this
stage of economic perfection, as the average profit per ton may be taken as between
xviii INTRODUCTION.

12s. 6d. and 158. With the enormous extent of coal deposits there is no telling to what
extent transmission of electric power may act as a general economizer. Large electrical
generating works are being erected at the coal mine above referred to by a company
under the control of Messrs. Siemens and Halske, whose object is to transmit motive
power to companies requiring it.
An easy comprehension of the causes underlying the sudden development of pros
perity in the South African Republic will he arrived at by those who can appreciate the
importance of the integral elements constituting it. This period dates back from the'
early days of Barberton, or, more correctly, from the discovery of the Witwatersrand
Goldfields. Their discovery and rapid development gave a fresh impetus to enterprise
throughout South Africa. If one inquires into the reasons attending this development of
prosperity, it has to be admitted that much is due to the colonists themselves, endowed as
they always have been with unbounded confidence in their country's vast resources. A
striking illustration of this spirit is to be found in the fact that several of the recent loans
issued by the Cape Colonial Government were over-subscribed by her colonists without
the need for support'from abroad. A precedent for this self-reliance, although in a
somewhat different form and under other circumstances, is recorded in the annals of
the earlier and critical period of the mining industry. After the severe reaction in 1889
it would have been difficult to find foreign capital when such aid was most needed. It
was then that the more prosperous mining companies, and others identified with the
mining industry, conceived the necessity of embracing co-operative principles, which in
many cases proved the salvation of then crippled and now flourishing companies. With
reference to the diamond industry, the general improvement in trade has favourably
affected it. The De Beers Consolidated continues its satisfactory returns, and if reports
are correct that the Company will have earned sufficient to pay a dividend at the rate of
40 per cent. at the end of the year, which is 7 per cent. on its present capitalization, the
best proof of its sound position will be given.
The financial world has now been attracted by developments in South Africa, and
begins to recognise its practically unlimited resources. Much has been done towards
the general advancement of South Africa by the strong individuality of one man, who,
with uncommon foresight and tenacity of purpose, is promoting the great idea of colonial
expansion, advantageous both to colonial and imperial interests. A new country ex
tending to the Zambesi and beyond it has sprung into existence; civilization is taking
the place of barbarism within these regions, and the grand conception of connecting
imperial interests in North and South Africa is taking practical shape by the construction
of a telegraph line which is working its way gradually northwards, being to-day prac
tically completed to Blantyre.
In conclusion, the author considers it his pleasing duty to express his acknowledg
ments to all those who have been of service to him in completing the material for this
work. This applies specially to the Secretary of the Chamber of Mines, and to the many
directors, managers and secretaries of companies who have volunteered the information
required ; to Mr. Wilson Moore, who kindly contributed the article on the geology of the
Witwatersrand formation; and to Mr. F. J. Williams, hitherto chief metallurgist of the
Crown Reef Company, who rendered assistance in the preparation of the treatise on the
metallurgical processes in use on the Witwatersrand. Thanks are also due to those whom
 INTRODUCTION. xix

the author employed in the compilation of material, etc. The author also wishes to record
his appreciation of the favourable advance notices of this publication by the press.
It has been the author’s aim to satisfy the growing want of a complete and reliable
history of South African’ Mining and Finance. In issuing this book he appeals to the
kind consideration and indulgence of the public, and hopes that the main object it may
serve to accomplish will be to secure a wider and a better appreciation of the vast
resources of South Africa. in general and of the mining industry in particular. South
Africa. has, within his recollection, always offered opportunities to the intelligent investor
which can nowhere be surpassed.

November 6, 1895.
 CONTENTS.
— 00.—

PAGE
INTRODUCTION . iii

THE GEOLOGY OF THE WITWATERSRAND . . . . . . . xxiii

THE WITWATERSRAND CHAMBER OF MINES . . . . . . xxix

METALLURGICAL PROCESSES . . . . . . . . . . xxxi

THE METHODS OF GOLD EXTRACTION I . . . . xxxix

\VITW'ATERSRAND MINES (FULL DESCRIPTIONS, ARRANGED IN

ALPHABETICAL ORDER) . . . . . . . . . . . 1—484

TABULAR STATEMENT SHOWING THE GOLD PRODUCTION OF EACH

RAND MINE FROM 1887 TO JULY 31, 1895 . . . . . . 485—539

TABLES OF MONTHLY REVENUE, EXPENDITURE, PROFITS, AND

WORKING COSTS OF LEADING MINES . . . . . . . 541-546

TABLES OF HIGHEST AND LOWEST PRICES FOR THE PAST FOUR

YEARS . . . . . . . . . . . . . . . 547—550

APPENDIX . . . . . . . . . . . . . . . 551-575

INDEX . . . . . . . . . . . . . . . 577-581

xx!
 “ii l. I'br-L'dn'llh

or ' we I

U N 1 v :-3 usI'I'T.
\Cmfiuwilg,

THE GEOLOGY OFTHE WITWATERSRAND.

PREMISING the statements which follow, it is but right to acknowledge that certain differences of
opinion exist, among those competent to judge, on the subject of the genesis of the conglomerate
beds of this district, and of the auriferous and other metalliferous contents thereof. As concisely
as possible, and making the proviso that the opinions here given are not to be considered as final
expressions of thought, an endeavour will be made to outline the skeleton of the Rand geology.
The strata containing these valuable ore deposits extend with more or less regularity in a semi
circle, from the Vaal River immediately south of Klerksdorp, to the same stream somewhat south
of Greylingstad. They are contained, so far as they have been traced up to the present, between
parallels 26° and 27° of south latitude, and between 26° 30' and 28° 45' of east longitude. Measured
around their outcrops the distance over which they have been located, with here and there an
insignificant break, is about 140 miles. The surface of the country generally presents the appear
ance of an undulating plain, with several low ranges of hills, one of which, forming the watershed
of the Indian and Atlantic Oceans on its east and west sides respectively, gives its name to the
district. Immediately to the north of this ridge the country falls rapidly, and even precipitously,
about 1,000 ft., until the level of the Pretoria Valley is reached. The surface of the “ high-veld,”
in which the banket beds are deposited, is practically treeless, but is well watered by the Vaal
River, the Mooi River, the Klip River and its tributaries, by many lesser streams and spruits, and
by numberless fountains or springs. The highest point of the Witwatersrand itself is about 0,400 ft.
above the sea, and the general height varies from about 4,400 ft. to 5,600 ft.
The geological age of the auriferous deposits and of their enclosing strata has been placed by
the majority of local and visiting eologists among the Lower Devonian, or Old Red Sandstone
strata, but the argument in favour of this supposition is arrived at merely by analogy. The follow
ing table, showing the succession of the primary systems in South Africa, and their co-relation with
European systems, will help to explain much that is written below :—

-
South African l \Vhere occurrin in theCa - -
Primary Systems. \i Colony angtftglghboumg
g - pe
l Where occurrin
Transvafl.in the European
Equivalents
Zwarteberp; Beds Zwarteberg, Zuurberg, ‘ Magaliesberg, Gatsrand, lMiddle Carboni
Unconformity). l \Vitteberg, Grahamstown. I Zwaart Ruggens. J ferous.
Dolomite Han-Ami Plateau, Damara- . Malmani, Lichtenberg,
(Unconformity). land, Kaap Range, Griqua- j Klerksdorp, Heidelberg, lrLower Carboni
land West. Potchefstroom, Lydenberg, ferous.
‘ Waterberg, Zoutpansberg. l
Bokkeveld Beds. j Bokkeveld, Ceres. \Vanting. Upper Devonian.
Table Mountain Sand- Capetown, many mountain , Witwatersrand, Heidelberg,
stone and Conzlo- ranges in the South West, ‘ Klerksdorp, Lydenburg, I LowerDevonian.
merate (Great Un- j Table Mountain, Natal, \Vaterberg, and many
conformity). , Zululand, Swaziland. places in North Transvaal.
Lvdenburg-Swazi Beds j \Vanting. l Lydenburg, De Kaap. Silurian.
Malmesbury Beds. Malmesbury, South West North of Piland’s Berg. Cambrian.
districts, Cape Colony, i
, Namaqualand. i _
Namaqualand-Letaba- Namaqualand. Murchison Range, Letaba, Laurentian 01'
Murchison. Schists. I Selati Valley. Archaean.
ulil
xxiv THE GEOLOGY OF THE WITWATERSRAND.

Up to the present the Table Mountain sandstones and the enclosed conglomerate beds of that series
have not proved to be fossiliferous, and the same has been found to be the case with the conglomer
ate beds of the Witwatersrand. The age of the former has been fixed by Cape geologists from the
Bokkeveld beds lying immediately above it, which contain in their soft micaceons strata immense
numbers of fossil trilobites of all sizes, brachiopods, the Hmnolo'notus Hm-schelli, Spi'rzfer Antarc
fiva, and other well-known Upper Devonian remains. Beneath these beds the Table Mountain
sandstones and conglomerates lie conformably, and the correctness of placing them among Lower
Devonian strata can hardly be called in question. Unfortunately, the Bokkeveld beds, with their
tell-tale fossil contents are absent in the Transvaal, and the age of the W'itwatersrand beds has
had to be fixed by other means and indications. The two chief of these are the position of the
dolomitic limestone lying unconformably upon the conglomerate series, and the quartzites of
Magaliesberg, in which a possible C'alamite has been found by Mr. David Draper, F.G.S., and two
carboniferous fossils by Mr. A. R. Sawyer, F.G.S., lying again unconformably upon the dolomite.
The coal beds of Boksburg, which rest most unconformably upon the auriferous conglomerate series,
have not yielded fossil remains; but in a small local basin at Rosettenville, on the dip of the
Witwatersrand Main Reef series, where boring operations for coal were in progress, shales resting
unconformably on the conglomerate series were unearthed, containing fine specimens of Glossoptrris,
Cyrlopteris, and other fossil flora of Triassic Age. Again, at Vereeniging, some 35 miles south of
Johannesburg, in the coal measures resting unconformably upon the dolomite, in addition to many
Triassic fossils, Lcpidodendron and Favularia, both unmistakable carboniferous fossils, have
been discovered. The arguments in favour of a Devonian Age—an Old Red Sandstone Age—for
the Rand conglomerate series are, therefore, although arrived at by analogy only, fairly satis
factory; and will only be discarded when direct fossil evidence in the sandstones or their under
lying shales are unearthed to rebut the generally accepted age of the auriferous series.
The base of the \Vitwatersrand beds, or those lying upon the northern edge of the series,
consists of soft, light—colouredsandstone, overlaid by a series of light, hard, fine-grained quartzites,
with beds of grey, tough shales, which weather to a deep red or brown. Among these latter is
one remarkable for its persistency over a great stretch of country, and for its peculiar appearance.
It is much contorted in parts, and is full of titaniferous iron and thin seams of bright-red jasper.
So easily is it recognisable that it is used by prospectors and engineers as an index to the position
of the conglomerate beds to the south. With these there are a few beds of quartz interstratified,
and occasionally with ramifications into and across the beds adjoining. Upon these basement
rocks of the series there is a great mass of sandstones, quartzite sandstones, phyllite~like sand
stones, and conglomerates. It is not necessary to enter into the question of the relative stratigraphy
of these various deposits here; and at the present time investigations have not been sufficiently
far advanced to enable any one to locate, with any degree of exactitude, the relative position of
the various beds. Following immediately upon the top, or hanging wall side, of these strata,
there is the Klipriversberg rock. The deposition of the \Vitwatersrand beds was followed, directly
afterwards, by an overflow of basic eruptive rocks, diabase, melaphyre, and amygdaloids. So great
was this eruption that at Klerksdorp the thickness of the sheet is not less than 2,700 ft. ; near
Reitzburg it is 2,100 ft., and immediately south of Johannesburg, 1,500 ft. It is a typical
amygdaloidal diabase, with large amygdules therein, frequently containing chalcedony. The mass
originally consisted, probably, of plagioclase, with the included quartz, which was often inter-run,
micro-pegmatitically, with the felspar. This great igneous rock was outpoured before the deposition
of the Black Reef series, and then after a period of comparative quiescence the dolomitic limestone
was formed and laid down throughout the whole of the then-existing South Africa. This deposi
tion followed that of the sandstones and conglomerates of \Vitwatersrand ; but whether it was prior
or subsequent to their tilting is a point upon which sufficient evidence has not yet been gained.
The various beds as they now appear, tilted at an angle of, perhaps, 30° to the south on
an average, have been fractured and faulted by dykes. A microscopical examination of these
intrusive sheets shows that they do not vary much in composition or texture, even when they
occur as the typical “flat-sheets” of South Africa. The felspars are, as a rule, lathe-shaped,
and somewhat decomposed; the augites somewhat decomposed likewise, and idio-morphic; some
serpentine and titano-ferrite, leucozene and secondary quartz is present : sometimes, too, there are
lathe-shaped pieces of calcite, which appear to be pseudomorphs after felspars. Of the dolomitic.
limestone overlying the auriferous beds, it is not necessary to say more than that its constituent
parts are, practically, evenly divided between carbonate of lime and carbonate of magnesia,
with a very small percentage of silica. Through the main body of the rock there run veins
of hornstone.
The lithology of the beds of conglomerate or “ banket ” is most imperfect, and the same is true
of their relation to one another. By this latter statement the opinion is intended to be conveyed
that in the Main Reef series, that is to say, the group of reefs from the Banket Mine to the Blue Sky,
the relation of the North to the Main, of the Main to the Main Reef Leader, and of the latter to the
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 THE GEOLOGY OF THE IVITIVATERSRAND. xxv

South Reef, is by no means clear. What is called the North Reef in one mine is quite possibly the
Main Reef in another; sometimes one of the reefs is wanting altogether ; on other occasions there
is an extra bed of conglomerate : so that up to the present it is not safe to say more than that any
one of the reef series contains either one or a certain number of banket seams which can be identi
tied with more or less certainty. And what is true of the reefs themselves in this respect is also
true of the series. It is by no means certain that the Modderfontein-Van Ryn-Kleinfontein series
is identical in int of exact geological age with the Main Reef series, nor can it be said what
relation the Bot a’s Reef series bears to the Main Reef or the Randfontein. The Rietfontein series
lies, of course, to the north of the Main Reef series, and the Kimberley group to the south, and
they are, as under-liers and over-liers, of course, clearly distinct. The Bird Reef group, intermediate
between the Main and Kimberley Reef series, is also definable; but, on the other hand, it is
extremely diflicult to place the Chimes series in its proper stratigraphical place. The Black Reef
series, far to the south, is absolutely distinct, and of a younger age, geologically speakin ,but
the proper position of the Nigel is not by any means clear. There are many other so-call reef
series, which need not be more specifically described here, as their exact stratigraphy is by no
means explained. The summing up of the whole matter is, that the Rand conglomerate series
contains a number of beds of “ banket ” which succeed each other in certain geological sequence ;
along their strike, so far as is known, there are certain breaks, and the gaps between the breaks
have not, up to the present, been filled in. To correlate the position of the seams from one break
to another, or even from one mine to another, is a matter of the greatest difliculty at the present
time. It has not, as yet, been done, and the best that can be said is that the Main Reef, Bird,
Kimberley, Botha’s, Rietfontein, Nigel, Molyneux, Battery, Violet, Randfontein, Black, and other
series, appear to have certain lithological characters, each appertaining to each, which make
them distinctive, but which, except in the case of the Main, the Kimberley, and the Nigel, are not
sufficiently so to warrant a separation from the main group. When sufiicient attention has been
paid to the lithology of the rock strata it may be possible to deduce certain opinions, but the study
of petrography has been, up to the present, entirely neglected upon the Witwatersrand. \Vith
the single exception of the titano-ferrite seam, to which allusion has previously been made, there
has been no attempt to locate the beds by reference; and, perhaps, it would be a matter of some
difficulty so to do. The only thing that can be definitely laid down up to the present is that the
conglomerates consist of a mass of somewhat glacial-looking quartz pebbles, fractured in every
direction, embedded in a mass of ferruginous-silicious cement. They are, in the case of the
Kimberley Reef series, less rounded, and they vary in size from that of a pisolitic rock to that of
a football in the Elsburg series. The enclosing strata have already been described in the rough.
“'ith the gold in the “ banket,” pyrites, copper-pyrites, and zinc blende are found, while in the
enclosing rocks there is mica, chlorite, cyanite, and serpentinous steatite, besides those minerals
already mentioned.
The next point to which it is necessary to address one’s self is that which can give some
explanation as to the earlier strata from which these numberless auriferous quartz beds were
derived. In other words: W'hence came these enormous masses of pebbles? For the moment it may
be as well to leave the question of their gold-bearing property severely alone. Above the Rand
conglomerate, or Table Mountain sandstone, we have but three formations: (a) the Lydenburg
Swazi beds, (b) the Malmesbury beds, (0) the Namaqualand-Letaba-Murchison schists. So far as
one can judge, it does not seem possible that any one of these great formations has sufficiently
large quantities of quartz, or that they are sufliciently within the probabilities of the same water
shed at any time, to have accounted for the denuded pebbles, which are all, without doubt, water
worn. No one seems to have attempted to account for the presence of quartz suflicient to account
for these denuded pebbles, and it can only be surmised that they have come from the high
ranges of the Witwatersberg, whose rocks contain large quantities of auriferous quartz, and are
within some 30 miles of the Witwatersrand basin. But from whatever source we acknowledge
that these pebble beds were derived, the real difficulty is met with only when we attempt to
account for their occurrence in lenticular sheets, tilted at a comparatively high angle, stretching
and spreading over enormous distances. The original theory propounded with regard to this
occurrence was that they (the pebble beds) had been deposited“ around the margin ” of a great inland
lake, the quartz and its contained, or rather “associated,” gold having been derived from some
earlier auriferous quartz-seamed strata. This was the original idea of “Jones Beta,”—a nmmdc
plume which thinly veiled the identity of one of the most enthusiastic of local geologists—Mr.
John Ballot. That gentleman was, perhaps, far nearer the truth than he has been given credit
for. He was, perhaps, correct in assuming that the gold in the conglomerate was partly, or rather
derivatively, alluvial, and that the quartz actually did come from adjacent quartz-bearing strata;
but many will feel inclined to join issue with him on the question of the deposition of the beds in
a basin. Had the waters, even the tidal waters, of a basin been responsible for the deposition of
these beds, they would have been but margins], that is to say, they would only have occurred
VOL. 1. c
 xxvi THE GEOLOGY OF THE lVITlVA TERSRAND.

around the edges of the lake; for the deposition of pebbles can only take place within agitated
waters the moment they become quiescent, or comparatively so, refusing to carry heavy substances,
and being charged only with fine sand or silt. Now, allowing that this is so, and it is, no doubt,
incontrovertible, it stands to reason, first, that the beach-margin of the original Witwatersrand
lake must have been at least 3,500 ft. wide—the depth to which the pebble beds are proved ; and,
secondly, that the pebbles they contain would decrease in size as depth is attained; or, to go back
to their genesis, as the outside edge of the bed was receded from, the tidal-action-space of any
lake was never continued over so wide a distance, and it is certain that as depth is attained,
any alteration in the size of the pebbles is not noticeable. There are other considerations also
which make the basin theory untenable. To account for the series of reefs, some thousands of feet
below others, we should have to assume that there were antecedent basins to the upper or Kimberley
Reef, group 1, and it would then be extremely difiicult to regulate the earth-movements and the
concurrent fluviatile or lacustrine movements which must have accompanied them. As a matter of
fact, the basin theory arose because of the peculiar flattening of the reefs in de th from below the
outcrop ; from the chance circularity, uneven though it be, of the outcrop, and rom the dipping of
the various series apparently to one common centre. It appears, however, that the only way to
account for the deposition of these great beds is to connect them with a receding coast-line, the
gradual subsidence of the floor of the ocean accounting for the frequent occurrence of alternating
layers of sandstone and pebble beds. That the latter were derived from older quartz-bearing rocks
is incontrovertible, and Mr. Draper, F.G.S., holds to the opinion that they were denuded from strata
now lying submerged in the Indian or Atlantic Oceans. It is worthy of note that the sandstones
enclosing the conglomerates contain ripple—marking, with an east and west strike very frequently;
and it should be added that the pebbles are, on the whole, of the form of an oblate-spheroid, thus
clearly showing that they were rolled by waves and not by purely fiuviatile action. Strata, from
which the pebble beds were built up, were probably not so far away as Mr. Draper would make
out. The one objection to this opinion will be noted below.
In order to thoroughly understand the question as to how these great sheets of pebble beds
were tilted, it is necessary to refer to the geological section, reproduced here, made by the Chamber
of Mines’ representative. From that section it will be noticed that the conglomerate series of
W'itwatersrand, dipping to the south at Johannesburg, is replicated, and is dipping to the north at
the Red Hill. Had the section been continued into the Free State it would have been found that
the same series, here auriferous to a considerable extent, is dipping to the north. Mr. Draper,
who made the section, thus states the case: “These”—the conglomerate sandstone—“ beds were
subsequently disturbed and tilted to a high angle in various parts, and especially in this neigh'
bourhood. But the tilting process was not confined to the outer edges of the formation, as we now
see them. On the contrary, the fractures which took place and which were subsequently filled with
intrusive granite were in the main body of the beds and not along their edges, and though portions
of the bed were tilted northward from the Vredefort granite (in the Orange Free State), other
portions were tilted southward and northward from the granitic mass lying between here and
Pretoria, and consequently two great anticlines were formed, of which the granite at Vredefort and
that at the Halfway House represent the axes. While this great earth-movement was in progress
the centre portion of the series—now lying between here and the Vaal River—sank in proportion
to the height it was tilted at the granite, and, consequently, all the strata lying between the two
granitic intrusions are tilted towards a common centre, which represents the synclinal axis, and
northward from the granite to beyond Pretoria. During this great earth-movement a fault
occurred by which the northern portion of the anticline was lowered and the conglomerate beds
were sunk too deep for exploitation.” Such is Mr. Draper’s interpretation of the movements which
have resulted in the folding of the Rand conglomerate beds—which disposes of the basin theory and
accounts for the basin-like appearance of the strata—by movements which resulted in the formation
of huge anticlines and synclines. It will be noticed that, according to Mr. Draper, the conglo
merate bed series dip beneath the Witwatersberg and the Magaliesberg, and if this be so, the
pebbles cannot have been derived from the lower strata of the former. But, so far, the depth of
the gold northward to Pretoria is not known, and it may be that the shore margin of the old
coast-line is not very far beneath the surface at the Red Hill, or far removed from the foot of the
ancient Witwatersberg.
We have now arrived at the int when it is necessary to consider the question of the occurrence
of the gold in the banket, and w ence it came. We have described, so far as present indications
warrant, the geological age of the conglomerate beds; we have given an outline of how they may
have been laid down, and from whence they came; but they contain gold, and it is desirable to
ascertain, if possible, whence that gold came. Mr. Adolf Goerz, speaking on this subject at a meet
ing of the Geological Society of South Africa, said that “ there were different theories which might
be divided into two classes: (1) That the gold was deposited when the conglomerate beds were
formed ; (2) that the gold came into the conglomerate after the formation had been thrown up, and
 1 ,\
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 THE GEOLOGY OF THE WITIVA TERSRAND. xxvii

was in its present position. The first of these might be again divided into two classes:
(a) That the gold came in a way similar to that in which alluvial beds were formed ; (b) that while
the conglomerates were being formed, springs containing sulphate of iron came in, and the sulphate
of iron contained a solution of gold in small quantities, which was precipitated by organic matter.
The theory that the gold was ‘alluvial ’ gold was supported by that eminent geologist, Professor
Suess, and also by Dr. Pelikan. He (Mr. Goerz) had recently forwarded specimens of ‘banket’
ore, rich in gold, to Professor Suess, and the stone had been submitted to close microscopical examina
tion. . . . The second theory, as to the agency of sulphate of iron, was supported by Dr. Stelz
ner, and by Dr. A. Koch, and appeared to him (the speaker) to offer the most reasonable solution of
the difficulty.” There can be no doubt that Mr. Goerz has summed up the theories admirably.
The questions to consider are these : (a) Is the gold “ alluvial ” gold in the ordinary acceptation of
the term? (1)) Is it gold derived from sublimation or precipitation while the conglomerates were
being deposited ? (0) Or is it derived from the same agency subsequent to their upheaval or tilting ?
Now both Dr. Stelzner and Dr. Koch incline to the opinion that the gold was precipitated from a
solution of iron-sulphate coming into contact with organic matter. It is to be presumed that this
means that the gold is crystalline, and that there are traces of organic matter to be found to-day.
The answer to this is that the gold is not crystalline, and that there is not, throughout the whole of
the Rand sandstone conglomerate series, one single trace of organic remains. It is difficult to
believe in this theory of precipitation, either at the date of the deposition of the beds or subsequent
thereto. The one fact which makes one think that the gold might possibly have been infiltrated
after the deposition of the beds is that the fracturing diabasic dykes appear to have some influence
upon the gold contents of the conglomerates which they fracture. Sometimes on one side of a
dyke the conglomerate seam is richer, while on the other side it is poorer ; sometimes the reverse
is the case. What is the meaning of this? In the case of the Wemmer and the Rietfontein
mines it has been proved by specimens that the dykes are rich in gold. Does this mean that they
—-the dykes—were the gold-producers? It is doubtful; because if they had been, only a limited
number of feet on either side of a dyke would have been auriferous. When one bears in mind the
specimens of pyritous-auriferous nuggets from the Worcester and the Jumpers mines, with their
highly crystalline gold, one can but think that they have been formed by re-deposition of gold,
possibly chloride of gold, from the auriferous ores already contained in the “ banket ” seams, and
possibly the gold in the dykes mentioned came from the same source and by the same cause.
It appears that the greater the difficulties thrown in the way of the solution of this question,
and the more complicated they are made, the more difficult it will be to arrive at a just conclusion.
So far as the sulphate of iron-organic dissolution of the gold is concerned, the questions which
need answering, ere it can be accepted, have already been pointed out. Why was affinity of
minerals not considered? Galena and argentite have an affinity each for each ; tin and tourmaline;
why not gold and silica? They are always found together. Is there not something demanding ex
planations in this coincidence ? One does not find gold habitually, in a gangue of barytes, or in one
of calcite; but in one of quartz—silica. The case of the Rand conglomerates is peculiar in this respect.
The gold is not contained in the pebbles, but in the cement. Pass from a conglomerate bed to a
sandstone one, and what is found? Silica, without gold. But let there be one isolated pebble
in the sandstone, and what is discovered? That around it, as in the “banket ” beds, there is
gold. Does this mean that gold has an affinity for silica, and that—like sulphate of copper, pre
cipitating upon iron at first, when rich, at slow pressure and a gentle flow, requiring, when poorer,
greater speed and greater pressure—it forms in minute nuggets around largish nodules of quartz
and refuses to precipitate on sandstone quartzites,—as it does? The question is worthy of con
sideration. But more than all it appears that the simplest solution is the best. What are
the objections against a positive derivation of the gold from auriferous quartz veins of an older
date than the conglomerate itself? (a) That the quartz, being the harder, is water-worn, and
the gold, the softer, is not; (b) that the pebbles themselves do not contain gold, except in a few
isolated cases, and then not in the homogeneous quartz, but in fissures. It becomes necessary
to consider these two objections together, and it may be at once stated that although the gold is
not water-worn, it certainly is not crystalline. Examined under high magnifying power the grains
of the precious metal appear to be semi-angular. They have the look of having been partly
rolled, and of then having received a light covering by precipitation. They look exactly like
a “young” nugget would: that is to say, one in course of growth from the parent- mass—
small as it may be—derived from an auriferous quartz lode, to the perfected crystalline lump.
“Jones Beta” was perhaps perfectly correct in assuming an “alluvial” origin for the gold in
the “banket” beds, and to look outside of this theory is to court difficulty without reason,
until, at least, the alluvial origin is clearly disproved. So far as the objection (a) is con
cerned, the evidence is all in favour of the gold having been rolled and water-worn, and that
it has been slightly altered in form by mechanical action, or by chemical. It is not hard to
imagine that these minute grains may, in the consolidation of the conglomerate masses, have been
Xxviii THE GEOLOGY OF THE WITWATERSRAND.

pressed into somewhat flattened form, it is still less diflicult to understand that having been
deposited with the quartz, and derived therefrom as “ alluvial ” gold, a “ growth ” or precipitation,
or a sublimation, caused by the magneto-galvanic currents, which unquestionably accompanied
many great earth-movements, resulted in a pseudo form resembling crystalline nuggets. The
matter is'one for determination. As to objection (b), any observer of auriferous quartz veins will
acknowledge that, except in the rarest cases, the gold they contain lies in seams, and that along
these planes the quartz splits and fractures. Take a piece of ordinary lamellar quartz containing
gold, and it will split along the metalliferous seam or plane ; take a piece of homogeneous quartz
and it will break just where the grains of pyrites and gold are densest. The fact of the pebbles of
the conglomerate being free from gold, to all intents and purposes, may be attributed to this fact ;
and there is no necessity to look further abroad for a solution of the origin of the gold in the
;‘ banket ” beds than older auriferous quartz reefs, which have been denuded on to a receding coast
me.
In thus outlining the geology of the Rand conglomerates, it is but right to state that scientific
investigation of the phenomena they present, lithologically, geologically, and mineralogically, is
very incomplete, and that much modification of present ideas may be necessary. But this
much is now assured: the beds and their contained gold will last to depths—and at the same
average grade of ore contents—beyond those at which man will find it possible to profitably exploit
them.
 THE WITWATERSRAND CHAMBER OF Mmes.
VERY early in the life of the Witwatersrand Goldfields the need was felt of establishing an
association through which the Mining Companies could make their wants and requirements known,
and take common action for the protection and advancement of their interests. A Chamber of
Mines was accordingly founded, but after a brief career it failed through lack of adequate pecuniary
support. A number of gentlemen closely identified with the industry then met, discussed the
position, and drew up a new constitution; and shortly after, in November, 1889, under the presi
dency of the late Mr. H. Eckstein, of Messrs. H. Eckstein &. Co., the present Chamber was established.
The new institution, which started under favourable auspices, won by its action the confidence and
support of the Companies, and has steadily advanced in numbers and strength side by side with the
expansion of the mining industry. Provision is made in the constitution of this chamber for the
full representation of the mining interest. Companies and Syndicates can join, simply by notifying
to the Secretary their desire to be enrolled on the list of members, forwarding a cheque for the
amount of the annual subscription, and nominating their representative or representatives. Persons
directly interested in the mining industry can become associate members, subject to ballot by the
executive committee ; while any one benefiting by, or who is deemed able to render service to, the
mining industry, may be elected an honorary member. Foreign members have to pay an annual
subscription and are subject to election. The funds for the maintenance of the institution are
obtained by means of annual subscriptions, the membership of Companies being divided into three
classes, viz., first class, three representatives, 150 guineas; second class, two representatives, 100
guineas: third class, one representative, 50 guineas; while Syndicates are entitled to nominate
one representative upon payment of 25 guineas a year. The present constitution of the Chamber
is 130 representatives sitting for 81 companies, 5 associate and 8 honorary members; his Honour
the State President being Honorary President, and the Minister of Mines, Honorary Vice-President.
The management of the business of the Chamber is vested in the executive committee, which
consists of eleven committee men, the president, and two vice-presidents. Five committee men retire
annually, but are eligible for re-election, as is the case also with the president and vice-presidents,
whose term of office is one year. While, however, the executive manages the business, all im
portant questions are submitted to the Chamber at the ordinary monthly meeting before action is
taken. The members also have the right to submit any proposal, provided due notice of motion be
given in accordance with the rules. The success of the Chamber, apart from the interest taken in
its affairs by the executive and the general body of members, must be mainly ascribed to the
liberal spirit in which its constitution was drafted, and the wide scope afforded for its action. The
work laid down for it was : The promotion and protection of the mining interests and industries of
the South African Republic; the consideration of all questions connected with the mining in
dustry; the promotion of legislative or other measures for the benefit of the industry; and the
collection and circulation of statistics, and other information relating to the mining industry.
Thus the work of the Chamber may be said to embrace everything immediately or remotely
affecting the industry; and the large variety of subjects dealt with from year to year indicates
clearly that a broad interpretation has been given to the articles of the constitution.
Among other subjects that have engaged attention one of the most important has been the
Gold Law. On the suggestions submitted to the Volksraad from year to year amendments have
been introduced into the law, to meet the changed and changing conditions of the rapidly growing
industry ; and in no respect has the action of the Chamber been more beneficial than in obtaining
security of tenure for the holders of claims. The Liquor Law has been altered in conformity with
the recommendations of the Chamber, and during the present session of the "olksraad memorials
0n the Mining Regulations and many other questions will come under the consideration of the
Legislature. All applications for patents are investigated by a special committee, and such as do
not disclose any invention or discovery, or otherwise are not in accord with the provisions of the
xxlx
XXX THE TVITWATERSRAND CHAMBER OF MINES.

law, and which, if granted, would impose new burdens on mining, are opposed by the Chamber.
Almost from the start all industrial monopolies and applications for concessions have encoun
tered the determined and strenuous opposition of the Chamber, and last year its action was
rewarded by the Volksraad passing a resolution “henceforth to grant no concessions or exclu
sive rights.” Owing to the rapid expansion of the industry the demand for Kafiir labour has
steadily increased. In 1890 there were employed on the mines of the Witwatersrand 14,000
natives, and to-day the number is about 43,000. Towards the close of 1893 a special department
was established to deal with the supply of native labour. One of the first acts of the new depart
ment was the framing of pass regulations, mainly directed towards securing a proper control of the
natives by providing an effective system of registration and identification. At present natives
may be brought from a distance at considerable expense under contract, and before long desert
from their employers, evading the carrying out of their contracts by the impossibility of tracing
and identifying them. The regulations were handed to the Government as soon as they were
drafted, but, in spite of repeated efforts on the part of the Chamber to procure immediate action,
nothing was done till this year, when the Government published them in the Staats-Com-ant,
and during the course of the session they will be dealt with by the Volksraad. The Chamber has
also established depots on the northern and eastern routes of travel, at which the natives are fur
nished with passes, vaccination certificates, and food for the journey—an escort being provided to
protect them against interference or molestation on the roads. These measures have encouraged
native labourers to come more freely to the fields, and it is expected that, by means of the organiza
tion established by the Chamber, it will be possible gradually to reduce native wages to the level
obtaining in other mining districts of the State, which would mean a saving to the local industry
of over £500,000 a year. The Chamber compiles statistics of the output of gold, of labour
employed, stores consumed, etc.; the first-mentioned being published monthly, and circulated
throughout the civilized world.
The Chamber is tacitly recognised by the Government and the Legislature as the mouthpiece
of the mining industry, and it has seldom had cause to complain of its representations being
rejected. In the absence of direct representation in the Legislature it has enabled the Mining
Companies to make their voice heard with efi‘ect on all matters affecting them, and to take common
action with success where individual effort must have failed. The proceedings of the Chamber are
published in the form of annual reports, which are presented to the members. In these volumes
can be traced the growth of the industry, and the great advantage it has derived from its units
having at an early stage recognised the importance and the value of co-operation.
 J..-‘r

WAT&RLOW I SONS LIHIYID LONDON WALL LONDON‘

 “ease HRH/‘m,
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 METALLURGICAL PROCESSES.
THE object of these few pages being intended to give the layman some idea of the processes by
which gold is extracted from its ore, the following glossary of terms used may be found of assist
ance :—
ME'I‘ALLURGY.—“ The art of extracting metals from their ores.”-Percy.
ORE—Th6 terms “ore,” “quartz,” and “banket,” are applied to metalliferous matter in its
natural state.
CONCENTRATION.——~Tlle name applied to any mechanical operation which separates the metalli—
ferous particles from the earth, stone, quartz, etc., with which they are mixed. As these metalli
l'erous particles carry from many times the amount of gold that was contained in the original
grefkthey are called concentrates from the fact that the gold has been concentrated into a small
it .
TAILIN’GS or SANDS are the stony particles of crushed rock after the free gold has been
extracted by amalgamation, and the concentrates by machinery.
PULP.—-By pulp is meant the mixture of crushed ore with concentrates, slimes, and water as
they leave the mill plates.
SLIMFS.—The clayey portion of the ore with some very fine sand, which keep in suspension for
some time in water.
RIBIDUPB are the tailings and concentrates after the gold has been extracted by any process.
FLUX—Any substance which assists in the smelting operations to make the charge more
fluid and also to absorb the oxides of the base metals.
SLAGS are the melted fluxes with the impurities which they have absorbed. They are of a glassy
nature, more or less coloured. The colour may be green, brown, black, blue, or red, according to the
oxides of the base metals present. The ore on the Rand is known as “banket” (pudding-stone), from
a supposed resemblance to plum pudding, and is a conglomerate composed of more or less rounded
pebbles of quartz and felspar cemented together by sulphide of iron. This sulphide of iron has in
the upper strata been converted by atmospheric influences into oxide of iron. These cements carry
nearly all the gold ; in fact, it' is quite rare for clean pebbles free from cavities to give a trace of
gold on analysis. The gold in the Rand formation may be classified into three kinds: (1) Gold
that is capable of being amalgamated; (2) gold that can be won by concentration; and (3) that
gold which both the foregoing processes fail to extract.
BA'rrnRY, OR MILL—Th6 gold being in a very fine state of division—sometimes several thousand
pieces being required to weigh one grain—it is necessary to crush the ore very fine before the gold
can be extracted. Of all machinery yet invented the stamp mill must be acknowledged the best
pulverimr, and is the only machine used at the Rand. The machine is so well known that to
most readers it is useless to describe it, but for the benefit of the uninitiated a very short descrip
tion may be found useful. The ore, as brought from the mine, after picking out as much as possi
ble of the sandstone which carries little or no gold, is passed through a stone-breaker, which re
duces it in size so that it will pass through a 2-in. mesh. It is then, by means of trucks, taken
into the mill and dumped into the ore bin, A, which has an automatic arrangement attached called a
feeder, B, by which a constant supply of ore is kept in the mortar-box, C’. The stamps, D, of which
there are usually five in a mortar, are lifted by the cams, E, and then fall with their full weight
on the ore. The particles which have been sufiiciently reduced in size are continually removed
through the screen, F, by the aid of water, which continually flows into the mortar-box. Mercury
is from time to time added in the mortar-box. This amalgamates with the gold which is caught on
the amalgamated copper )lates, G and H, inside and outside the mortar-box. Great judgment is
required in the amount oi1 mercury used, as if too little is added the amalgam becomes hard and
brittle, and is easily carried off the plates by the sharp stony particles, whereas, if too much mer
cury is used the mercury becomes globular and rolls oil’ the plates, carrying gold with it. The
xxxi
.4- a n—.

xxxii METALLURGICAL PROCESSES.

amalgam on the outside plates (or coppers) is taken of? daily by the aid of an iron scraper, and
after grinding in a Wedgewood mortar, with excess of mercury, it is squeezed through a piece of
fine canvas or chamois leather, which allows the mercury to pass through its pores, whilst the
gold is retained as a pasty amalgam consisting of from 25 to 30 per cent. of gold, the remainder being
mercury with some impurities. The inside coppers are taken out weekly, or when required, and
cleaned off in the same manner as above. Once a month the sand in the mortar-box, which con
tains a large percentage of the coarser gold, is taken out and ground with mercury. This amal
gam is retorted in a strong cast-iron cylinder, called a retort, which is placed in a strong fire, the
heat of which volatilizes the mercury; the mercury vapour is led through a condenser, where it.
is caught for re-use in the mill. When the retorting is finished the door is screwed off, and the
now spongy gold is melted with a suitable flux in a plumbago crucible and cast into bars or ingots,
which usually contain from 80 to 90 per cent. of gold, the difference being principally silver, which
is nearly always associated with native gold. The present stamping mill is acknowledged to be
the most economic pulverizer invented. Five tons of hard rock per stamp per day can be crushed so
as to pass through a mesh having 700 holes to the square inch, at a cost of 3s. per ton, including
maintenance. The amount crushed depends upon the hardness of the ore, the number of holes to the
inch in mesh, the weight of the stamps, the number of dro s, and the height of the drop. The
following are particulars of work done by the Crown Reef mi 1 (which is under the able supervision
of Mr. J. F. Walsh) for the month of May, 1895: No. of stamps, 120; days of 24 hours, 30; size
of screen, 700 holes to the square inch ; weight of stamp, 950 lb. ; drops of each stamp per minute,
95; height of drop, 8 in.; tons crushed for month, 18,043=5'011 tons per stamp per 24 hours.
This, however, must be looked upon as record work; and the average as shown by the Witwatersrand
Chamber of Mines for that month was 4'12 tons. The amount of gold recovered from the ore by
amalgamation varies from about 50 to 75 per cent. of the assay value of the ore. The other 25 to
50 per cent. was formerly run, as tailings, to waste, but mechanical and chemical discoveries have
now accomplished a great deal, and this former waste is made to yield very large profits. There
are four methods at present by which the pyritic pulp may be treated, viz.: (1) Concentration;
(2) concentration, and treatment of tailings by cyanide; (3) direct treatment by cyanide ; (4) classi
filrlzatioilidand treatment of the various products according to time required by cyanide to dissolve
t a go .
CONCENTRATION—AS some of the leading metallurgists in the Rand are of opinion that con
centration of Rand ores is usually an unnecessary process, and is daily losing ground owing to the
cheap solvent for gold possessed in cyanide of potassium, it will be sufficient to say that it has
for its object the removal of metalliferous particles from the stony parts, and if it was possible to
do this thoroughly it would be the process, but as rarely more than 40 r cent. of the gold is ex
tracted by this method, and in many cases not more than 40 per cent. of6this results in a profit, it
has had to give way to the more profitable treatment by cyanide.
RECOVERY or Gonn FROM CONCENTRATES.—Th6re are two processes used to extract gold from
concentrates, which vary in value from 3 oz. to 20 oz. per ton: (1) Chlorination; (2) cyaniding.
The average of Hand concentrates is about 4 oz. to 6 oz.
CHwRINATION.—This process was first introduced by Professor Plattner, of Freiburg, Saxony,
and is acknowledged to be the most perfect method for extracting gold, as, unlike the cyanide pro
cess, it is applicable to all ores. The process is based on the fact that when chlorine gas is added
to gold-bearing substances, the gold is converted into a soluble chloride of gold, which is easily
dissolved in cold water, from which it can be precipitated by either sulphate of iron into metallic
gold, or by sulphuretted hydrogen into sulphide of gold. These precipitates are then dried and
melted with a suitable flux to obtain nearly pure gold.
The conditions necessary to the economic working of the process are: (1) The gold must
be in a metallic state and fine; (2) there must be no other substance in the ore which will
unite with chlorine, as this would cause waste of the gas ; (3) there must be no substance
treated with chlorine which will rematurely precipitate the gold before the solutions are drawn
off. As the matter subjected to c lorination is usually concentrates, which only require roasting
to convert the base metals into oxides that will not unite with chlorine, and leaves the gold in a
suitable condition for chlorination, they present no difliculty and an extraction of 97 to 99 per cent.
is easily obtained.
The concentrates are first dried by the waste heat of the furnace, after which they are intro
duced into a reverberatory furnace, where they are calcined sweet, so as to expel absolutely all the
sulphur. This converts all the sulphides into oxides. The substance is now withdrawn from the
furnace and thrown on what is known as a damping-floor, where it is carefully damped. Usually
5 per cent. of water is added; this will render it so that on handling no dust is formed, and a handful
pressed will form a lump without moistening the hand. The object of this damping is, firstly, to
render the charge light, so that it does not pack in the tank; secondly, chlorine gas in the dry does
not dissolve gold, and it is therefore absolutely necessary to be very careful in damping the calcined
 \\
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 A IN \
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 METALLURGICAL PROCESSES. xxxiii

or roasted ore. This is now transferred to the tank, A (see Fig. 2), having a perforated false
bottom, which is, in fact, a carefully perforated filter, B. A lid, C, having a water joint, D, is
put on, and chlorine gas is forced by its own pressure through the leaden pipe, E. This gas
diffuses through the ore, and when the charge is saturated, which can be ascertained by its
appearance at the top of the tank, the gas is turned off and the charge allowed to stand according
to time required. 18 to 24 hours is usually sufficient. The cover, 0', is now removed, and
sufficient water added to thoroughly saturate the charge, which, after standing for some time,
is drawn off through the cock, F, at the bottom, and run into the precipitating vat or tank, G.
Sufficient water is added to the charge to wash out all the soluble gold ; these washes are added
to the other in the vat, G. The gold being now all in solution it is precipitated by the addition
of sulphate of iron (green vitriol). When the gold precipitated is quite settled the solution is
drawn off through a series of cocks at the side, HHH, and the precipitate carefully filtered, dried,
and melted with a suitable flux, and cast into bars or ingots. This gold is about 970 fine, which
means that 970 parts in a thousand are pure gold. This process from a scientific view is as
perfect as it is possible for any metallurgical process to be, for 96 to 99 per cent. of the gold
contents of the concentrates can be extracted by it ; but from a commercial point of view, owing
to the large amount of chemicals required, which have to be imported from Europe, and the high
cost of fuel, it has, in many cases, had to give way to the cheaper, although less perfect, cyanide
process.
CYANIDING.—The concentrates in this case do not require the calcination or roasting which
is absolutely necessary in the former process, from the fact that a weak solution of cyanide has a
selective affinity for the gold, and does not to any great extent attack the base metals. The
concentrates are put into a leaching vat, having a filter; and a weak solution of cyanide of
potassium, containing 4 lb. of cyanide of potassium per ton of water, is pumped on from a sump.
This is allowed to stand for about 12 hours, when it is drawn off through a pipe, and allowed
to run through the precipitating box, which will be described later. The gold is here precipitated,
and the solution, still rich in cyanide, is returned to the sump, where it is made up again to
the strength required by the addition of more cyanide. This pumping on solution and drawing of
is continued for from 8 to 12 days, or until it is found that no more gold is being dissolved.
The clean-up of the gold will be described under the treatment of tailings. Although this process
does not give more than 87 to 92 per cent. of the gold, yet, owing to the cheapness of the process,
a much larger profit is obtained for the following reason : It is not practical for each Company to
have their own chlorination works, as the first cost of the works is considerable, and the cost of
working is necessarily very much greater on a small scale, so it has been the practice for the
mines to sell their concentrates to central works specially put up to treat this product. These
central works give them 92 per cent. of the gold less £3 per ton, which they charge for treatment,
and again, bagging and cartage to these works amount to from 58. to 108. per ton.
The following table shows the difference between the sale of 100 tons of 4 oz. concentrates to
central works, and treatment in own works by cyanide. Gold is reckoned at £4 per oz.
a.

1st.——By Sale to Central \Vorks— £ a (1.

Value of 100 tons 4 oz. concentrates 1,600 0 0
Cartage, bags, labour, etc., say 73. £35 0 O
8 per cent. of assay value retained by central works 128 0 0
Cost of treatment at £3 per ton 300 0 0
463 0 0
Profit £1,137 0 0
2nd.—Cyaniding— £ 8. (1.
Value of 100 tons 4 oz. concentrates 1,600 0 0
Filling and discharging tanks, at ls. £5 0 0
Cyanide, at 4 lb. per ton 40 0 0
Zinc stores, etc., at 1s. 5 0 0
Proportion of salaries, at 3s.‘ 15 0 0
Power, light, fuel, etc., at Gd. 2 10 0
Royalty, at 168... 80 0 0
10 per cent. not recovered 160 0 0
~— A*—- 307 10 0
Profit £1,292 10 0

‘ The men who look after the failings treatment attend to the concentrates, so that this could be omitted.
xxxiv METALLURGICAL PROCESSES.

This shows a profit in favour of cyaniding of £145 108., but if the Siemen & Halske process was
used, owing to the royalty being just one-half, it would amount to £185 108., or nearly £2 per ton.
THE TREATMENT OF TAILINGS BY CYANIDE PROCESS.——That gold in a fine state was soluble in a
weak solution of cyanide of potassium has been known for a very long period. Faraday is said to
have been the first to point this out, but the first attempt at using it as a metallurgical process is
said to have been made in America about fifteen years ago. It was, however, given up as a failure.
The mining industry is indebted to Mr. J. S. McArthur and Dr. Forrest for so clearly demonstrating
that it was not only a practicable process, but a process by which tailings that could not pay to
work by any other known method could and do yield very large profits. This, however, was not
due to any great improvement in the method as compared to the one used in America years before,
but rather, as Mr. Livingstone Sulman says, “The tailings and concentrates are specially adapted
to the process, and not the process to the products.” That such is the case is proved from the fact
that the present cyanide process has been given up as a failure in several other gold mining dis
tricts in America and Australia.
The ease with which the ore yields up its gold to cyanide is due to the following reasons,
viz.: (1) The ore carries the gold in a free or uncombined state; even in the pyrites it is easy
to prove that the gold is not in combination with the sulphur and iron, but is present as a
mechanical mixture. (2) Having crushed the ore so that it will pass through a screen of
700 to 900 holes to the square inch, little or no gold is left encased in the stony particles ; thus
the solution gets free access to the gold. (3) The gold is in a very fine state. (4) The ore is
comparatively free from matter that has the power of destroying cyanide.
The following figures as to the gold produced on the Witwatersrand during 1894 are taken
from the annual report of the Chamber of Mines :—
oz. dwt. 2
From mill 1,305,408 16 = 4,705,245
,, tailings by cyanide 587,388 14 = 1,772,472
,, concentrates by cyanide 19,915 17 = 59,747
By chlorination 82,022 14 = 261,847
From alluvial 965 8 = 3,478
,, other sources 45,821 1 = 160,311

Totals . . . ... 2,024,163 12 = £6,963,100

From this table it will be seen that 607,304 oz. 11 dwt., equal to 30 per cent. of the total .
output, were obtained by the cyanide process. This represents a value of £1,832,219, equal to 26-3
per cent. of the total value. The importance of the process is, however, better seen by taking
some of the individual mines. Thus the Crown Reef Gold Mining Company, for the year ending
March 31, 1895, shows a total profit of £96,912; and 80 per cent. of this profit, or £78,000, was
obtained by the cyanide process. The importance of this increase is even greater than it appears,
as many of the mines to-day make all their profit on their cyanide works, without which they
would close down as low-grade and unprofitable. It is therefore quite safe to say that not more
than 50 per cent. of the gold recovered would have resulted in a profit without this process. But
it should be added that, had the mines not possessed this process, a good deal would have been
accomplished in perfecting concentrating machinery, and the chlorination process would be worked
on a very much larger—and therefore cheaper—scale.
Formerly the tailings were allowed to run into dams or reservoirs, from which they were
handed back to the works. This was found a very destructive method for the following reasons :
(1) Large losses occurred by winds and floods; (2) through oxidation of the pyrites they
became acid, which caused a great trouble in washing such acid out, and even with the most
careful washing the tailings were capable of still destroying a large amount of cyanide; (3)
cost of handling. To overcome these difficulties two methods have been adopted: (a) The
intermediate tanks with an automatic distributor, a patented process of Messrs. Butters & Mein ;
(1)) direct filling, which was introduced by Mr. Hennen Jennings, the well-known consulting
engineer, a gentleman who has accomplished a great deal towards perfecting the various plants
and machinery used in mining, milling, and metallurgical operations on the Rand. The object
of both the intermediate and direct filling is the same, viz., the elimination of the slimes and
avoiding of the losses caused by the destruction of cyanide referred to above. In both these cases
a great saving in labour is effected. The intermediate tank consists of a round tank, A (Fig. 6),
having the distributor, B, fixed in the centre. The bends at the end of the pipes, C C 0', cause
the apparatus to revolve by the reaction of the pulp as it leaves the pipes. The pipes being of
different lengths the tailings are charged into the tank at different points, whilst the slimes and.
water overflow the tank into the launder. When this tank is full of sands or tailings it is
Ii
TREASUR
IATliLOW In SONS LIFHYID LONDON WALL
 METALLURGICAL PROCESSES. xxxv

allowed to drain, and the door at the bottom is opened. The tailings, which are shovelled into
trucks, are at once taken to the cyanide works for treatment. By the direct filling method the
pulp is passed through the hydraulic separator which separates the pulp into two classes: (1)
at the bottom by a hose-pipe the tailings are led into the cyanide works direct, an even distri
bution being kept by a Kafiir boy, who continually moves the hose about in the tank; (2) water
and some slimes are mixed with the tailings, which are carried off by adjustable gates or slats in
the tank. The slimes and excess water are also carried off‘. The direct method has the following
advantages : (1) A preliminary concentration is effected by which the slimes carry less gold than
the tailings treated; (2) no oxidation of the tailings can take place, as the tailings are not exposed
to the air for any length of time.
On the Rand there are not less than 50 plants, the combined treating capacity of which is
about 240,000 tons per month. The plants vary considerably in size, some treating as little as
20 tons per day, while some treat 600 tons in one tank, or 20,000 tons per month. The treatment
tanks are built round, square, and oval, the material used being wood, brick, and cement ;
latterly, iron tanks are coming into favour. Iron tanks were first introduced by Mr. Fearnside
Irvine. The chief difference between one plant and another, other than shape, is the method of
filling and emptying them with the tailings to be treated. The principle of working the process
is, however, the same, and may be divided into three parts: (1) Solution of the gold; (2) the
precipitation of the gold from the solution ; (3) storage of the solutions. It will be unnecessary
to describe the various plants; but for illustrating the process a most modern plant, which is
built on the experience gained at all the other works, has been selected. This plant has for its
object the classification of the pulp, so that the coarser particles can be subjected to c anide
solution according to the time required for solution of the gold. The necessity for such 0 assifi
cation will be seen from the following experience gained by Mr. J. R. Williams, who was the first
to point out and adopt this system. He says: “Before starting classification, our residues from
the cyanide works were very high, assaying for three months 1'76vdwt. On making a careful
examination I found that a very large percentage of the gold was contained in the coarse particles
of concentrates and tailings. Analysis of these before and after treatment showed that the
extraction on concentrates was 53 per cent., and on the coarse tailings only 41 per cent., but
taking into consideration the cost of concentration by the ordinary methods on a poor ore, figures
prove that even this low extraction gave a better profit than could be obtained by concentration ;
and, again, the machines in use could not take out the coarse sands or tailings, which carried the
larger percentage of the gold, thus close concentration is out of the question. So we started
experimenting with a. Spitzluten (which is really an inverted pyramid having a supply of water at
the bottom). This, after a fair trial, gave great satisfaction. The method has the advantage of a
very cheap plant, and being automatic the cost is very small, only amounting to £25 per month
for water to classify 17,000 tons of tailings, equal to '35d. per ton. One of the most interesting
points about this system is the fact that over 40 per cent. less cyanide is used on the ‘railings
treatment, as now this small amount (about 6 per cent.) of coarse product is taken out, two
solutions of '25 per cent. do better work than six and seven used to before.”
Tm: Cramps PROCESS.-—Th6 plant is shown by Figs. 4 and 5. A shows tailings wheel to
elevate the pulp as it leaves the mill. (This is not necessary when the ground has sufficient slope.)
B B B are the Spitzluten which separate the coarse particles of concentrates and sands, which fall
into the tank, C, the amount of which can be adjusted by the water-valve, D. The pulp then con
tinues to flow through the launder, E, into the hydraulic separator, F, which separates the pulp
into two parts: (1) The tailings which are led into the vats, G ; (2) whilst the slimes and excess
water flow over into a trough, H.
MODE 0F WoRKrNc.—First, we will take the coarse particles which usually carry 5 or 6
times as much gold as the aver'age value of the pulp leaving the mill; thus while the pulp carries
5 dwt. of gold to the ton, this product will average from 25 to 30 dwt. When the tank C is full
it is allowed to drain off the water with which it is mixed, and the door at the bottom, I, is opened,
and the contents emptied into the lower vat, J, which has a filter, K. On this is now pumped from
the sump, L, sufficient solution to saturate the char e, and leaving a covering of about one inch on
the top. It is now allowed to stand for a day, a ter which it is drawn off through the pipe M
into the receiver, N, from which it is slowly run into the precipitating boxes, 0, from which it runs
into the sump, L, where it is brought up to the strength required for ro-use. Other solutions are
pumped on and drained oil“ until such time as gold ceases to be dissolved. Then it has a few
washes of very weak solution, and finally a water wash. This removes any gold and cyanide
which have been left in the tank. We will now take the tailings which run into the vats, G, which
amount to 65 per cent. of the ore crushed. When this tank is full it is first drained of the water,
when about 15 per cent. of solution containing about 5 lb. of cyanide of potassium per ton is
pumped on, and after standing one to three hours is drained off into the receiver, N, from which it
is passed through the precipitating boxes. The door at the bottom, P, is now opened and the tail
xxxvi METALLURGICAL PROCESSES.

ings emptied into the lower tanks, where it only requires a few weak solutions of cyanide, carrying
from 1 lb. to 2 lb. of cyanide per ton, to wash out the now soluble gold. After a final water
wash the door at the bottom, Q, is opened, and the residues (treated tailings) are emptied into the
truck, R, from whence they are taken to the depositing site. It will be noticed that these tail
ings undergo treatment in both vats. This is known as the double treatment,‘ the reason for
which can be seen from the following theory of the solution of gold by cyanide of potassium,
which was propounded by Elsner :—

2 Au + 4 KC + O + H2 0 = 2 AuKCyz + 2 KOH
Gold Cyani e Oxygen \Vatcr Auro-potassic Potassic
of Potassium cyanide hydrate

From the above formula it will be seen that oxygen is necessary for the solution of gold in cyanide
of potassium. The air we breathe being composed of about one-fifth oxygen, supplies this element to
the ore in its moist state, which is the best possible condition for the solution of gold. “It may
be said to act in much the same manner as will a bright piece of steel, which is easily coated with
rust if kept in a damp atmosphere, but if kept under water will keep bright for some time."
Several patents have been taken out for adding oxygen-yielding compounds to the solutions, but
this method is undoubtedly the best and cheapest, and will probably soon be universally adopted.
This method has also the advantage of loosening the charge, which is always more or less packed,
in the upper vats, therefore giving the solution free access between the particles of tailings,
making the leaching more uniform. '
PRECIPITATION OF THE Gone—The Zinc Method: The apparatus used for preci itating is
shown in Fig. 5, and consists of a box, 14 ft. to 20 ft. long, and from 2 ft._to 4 ft. wide an deep, hav
ing partitions as shown, the solution always going down through the small space and ascending
through the larger space, which is filled with zinc shavings resting on a tray having about IOU
holes to the square inch. These zinc shavings are made by mounting several discs of zinc on a
mandrel of a lathe, which makes about 200 revolutions per minute, whilst a Kafiir boy holds an
ordinary carpenter’s chisel against it. This gives the shavings in a very fine state—a sackful not
weighing more than 30 1b. The precipitation of the gold is usually very simple, and requires little
looking after, except as to keeping sufiicient zinc in the boxes, and regulating the flow of the solu
tion. The gold in the solution as it passes through the zinc shavings is converted into metallic gold,
which falls off the zinc as a dirty precipitate known as gold slimes. The theory of this precipi
tation is as follows :—
2 AuKCY2 + Zn = ZnKQCy‘ + 2 Au
Auro-potassic cyanide Zinc Zinc potassic cyanide Gold

Recovery of the Gold from the Prccipilating Boxes : This is known as the clean-up. After clean
water has been allowed to flow through the boxes so as to displace all the solution, the zinc shav
ings are agitated so that the gold slimes fall off. (This zinc is put into boxes and returned to the
precipitating boxes after the clean-up has been finished.) The gold slimes settle easily, especially
after the addition of a little lime or alum. The clean water is now drawn off by a. syphon, and
the precipitated gold scooped up and placed on a filter cloth, where the water filters through,
leaving the gold as a brown-black muddy mass. This now requires drying, and as it usually con
tains more or less fine particles of zinc which have gone through the screen, it is placed on a
hot plate and kept at a dull-red heat, having free access of air. The zinc is converted into oxide
of zinc. This process is known as calcining the precipitate, or slimes, which now only requires to
be melted with a suitable flux consisting of borax, carbonate of soda and sand. This melting is
done in plumbago crucibles. When in a thoroughly fluid state the contents of the crucibles are
poured into a conical-shaped mould. The gold on account of its great weight settles at the bot
tom, alight tap of the hammer being sufficient to separate it from the glassy slag. This gold
"aries from 600 to 800 fine, the average value being about £3 per oz., which shows it to be about
three-quarters gold.
Several attempts have been made to improve on the zinc method of precipitating, but up to
the present they have all resulted in failure, with the exception of the one known as the Siemens
Halske, and this undoubtedly bids fair to become the process of precipitating. It has the following
advantages over the zinc method, viz. : Firstly, precipitation is obtained in the very weakest solutions,
thus making it possible to use a weaker solution on the tailings. It may here be pointed out that,
given time, a solution carrying & lb. of cyanide of potassium per ton will dissolve gold as readily
as one carrying 4 lb. to 6 lb. per ton. The weaker the solutions are, the less will be the decomposi
tion of cyanide. Probably 411. to Gd. per ton can be saved in cyanide by working this method on

* The advantage of this was first suggested by Mr. \V. R. Veldtmann.

 _u_m.

++-\--Pr
I I I I
b
b
I
l>=nro! I noun Eli—Prune... IZFkOIUOI
 METALLURGICAL PROCESSES. xxxvii

the same ore. Secondly, precipitation is obtained in acid and neutral solutions, which is impossible
in the zinc method. Thirdly, it is a much cleaner method, and the loss of gold, amounting from 1%
to 1 per cent. with the most careful working in the zinc method, is avoided by this one. Fourthly,
the royalty is one-half. The precipitation is effected by passing an electric current through a box
containing alternate sheets of lead cathodes and iron anodes; the gold is precipitated on the lead
cathode. This lead, when required, is taken out and melted into base bullion containing 20 per
cent. of gold, and is either sent in this state to Europe, or the gold may be here separated from the
lead by the process of cupellation.
COST or WORKING Tunmos BY THE CYANIDE Paocass—The cost varies according to the size
of the plant, and the facility with which the handling of the tailings can be effected. In large,
well-constructed plants, when working on the direct system, the total cost is about 38. per ton,
whilst in small plants this may amount to 43. or 58. per ton. At the Crown Reef works, where
about 12,000 tons are treated per month, the following are the proportions of cost :—
a. (1.
European wages O 4201
Kafiir ,, O 1'784
Stores and materials 1 7111
Maintenance O 2'223
Contractors—filling and empting the vats 0 7768
Power and light 0 0962

3 0049
I.1
Or a little over 31;. per ton. To this has to be added royalty, which varies according to the amount
of gold produced, 58. per standard ounce being the usual charge. The following table shows results
obtained by this Company for the year ending March 31, 1895 :—

, P'ifil‘fifihitf’" we now in fine 01- Fmfie‘l'lé'xfd" $323553.’

Tonnage. -—~ '——— a - ‘ n H ;;

-—~-— ‘

tor-n.
“a . --~
tons.
Treated. Lost.

percent. per cent.

Recovered. ]

oz. ‘
Lost.

oz. dwt. 6".

ml...
coma! Lost. mggdl Lost.

per cent. cent.

.\lill ' ‘200,785 — —- — 611410-631 l - 6-316 ‘ — 57-747 —
Concentrates , _ 6,877 8-176 - 4,711-255 ' _ 041.9 l - 4-290 1 _
Concentrates residues I -- — - — — 551'682 — 10'054 — I 0-502
Sands i - 132,411 65-946 - 21,113-156 _ 2-103 l - 19-227 _
Sands residues — — — — — 9,056-668 — I 0902 — 8-247
Slimes l — 61,997 — \ 30-877 —— 10,968'309 — 1'092 — 9-984

Totals ‘ 200,786 200,7s5 69-122 l 30877 89,235042 l20,571-659 886812-048 81-264l18-733

l 99-399 109,856-701 10536 99997
This table shows that 81264 per cent. of the total gold in the ore was recovered ; of the 18733 per
cent. shown as lost, it will be noticed that nearly 10 per cent. of this is slimes which have been
stored in dams for future treatment. It will also be seen from this table that whilst 3087 per cent.
of the pulp leaving the mill consisted of slimes, this, through the system of classification, carried
only 236 per cent. of the gold, or under 10 per cent. of the total gold in the ore. Up to the present
there are no works treating slimes, but it is safe to say that before long a large profit will be
derived from this source. Mr. J. R. Williams has designed a plant by which he is certain these
slimes can be treated at a cost of less than 48. per ton, with an extraction of from 75 per cent.
to 85 per cent. It is proposed to erect this plant at the Crown Reef at once. The following is a
brief description of it: To the slimes running through the launder, A (see Fig. 7), sufficient lime
is added to precipitate the slimes into the inverted pyramid pits, BBB, which are connected
with a suitable pump, by which they can be pumped into the tank, C, where they are allowed to
settle; in about an hour the excess water is drawn off through the cooks, DD, when it will be
found that the slimes take up about 25 per cent. of the capacity of this tank. To this is now
pumped sufi'icient of a very weak solution of cyanide to bring the contents of the tank to '01 per
cent., or, say, } lb. per ton, agitation being kept up by centrifugal pumps, or other suitable means.
After ten minutes agitation, which is sufiicient to dissolve 95 per cent. of the gold, it is allowed to
settle, and about 80 per cent. of the clear solution can be drawn off by a syphon or side-cocks.
This 80 per cent. of solution will carry about 78 per cent. of the gold. Should the slimes be
Xxxviii METALLURGICAL PROCESSES.

sufficiently rich in gold, addition of water and further agitation will yield another 10 per cent. to
15 per cent. of the gold. This method has given excellent results on a 3-ton scale. Owing to the
weakness of the solution in cyanide, and the excess of calcium salts from the lime, Mr. Williams
finds it impossible to precipitate gold by the zinc method. Here is a case where the Siemen &
Halske method will show to great advantage, as by this process all the gold is easily precipitated.
DIRECT CYANIDING.-—~Of late several attempts have been made, and are being made, to do
away with the preliminary processes of amalgamation and concentration, and also to avoid the
separation of the slimes. To do this it is necessary to crush the ore dry, the crushed particles
being at once transferred to the cyanide works. Experiments from ore on the Main Reef series
(which is the great ore body of the Rand) have, on a small scale, given poor results. Thus some
ore after fourteen days’ treatment gave an extraction of only 57 per cent.; and nearly all the
gold undissolved was found to be free gold. But there are a few cases in which this mode of
working may be found economical, viz., in the case of the ore where the gold is in a very fine state
of division, and the cement which carries the gold is of a very porous nature ; and, again, in the case
of an ore which carries little or no gold that can be extracted by the amalgamation process. At
the George and May property, a body of ore of this description is worked by the following
method: The ore, as brought from the mine, is passed through a stone-breaker, which reduces
it in size so that the largest piece will pass through an inch mesh, when it is transferred to the
cyanide works, and treatment carried on as described under the head of “The treatment of
tailings.” It is claimed that an extraction of from 70 per cent. to 80 per cent. is obtained. Some
fear has, however, been expressed that when mining from a lower level, it will be found that the
very porous cement which now characterises the ore will give place to a substance too compact to
be amenable to this mode of treatment.
 THE METHODS OF GOLD EXTRACTION.
THE following table, put in the form of a genealogical tree, shows the various processes through
which the one from the mine passes before the gold extraction is completed. The italicised matter
gives an example of the proportions recovered by the various methods of gold extraction.
Ore hauled from Mine
Headgear
l
Grizzly
Ore passingl over Grizzly Ore passing lthrough Grizzly

Sorting Floor

Waiate Gold-beiaring Ore l

Rockblreoker ‘
l
Ore Bin Ore Bin
I ifW l_ . , ..I
Ore transported in trucks to Mill
say 10,000 tons per month at 16 dwt. per ton=8,(1')0 oz.
Challenge |Feeder
Stamp battery
Amalgamatioln on Plates
7 V l

Gold Ainalgam
I
Pu'lp
Cleaned up at the end of the month Frue vanner
Retorted
Golld
' ’ ’ i ' _Quicksilver
' ‘i l—_
Concentrates
l.
Tailmgs
yield over the platet=5,000 02.: 1'75 per cent.: 175 tons 9,825 tonc=2,21'2 oz. 10 dwt.=
62'?) per cent. 4} 02.2787 oz. 10 (ltt‘t. 4} dll't- I?" 10"
Chlorinaticin Works Oyanidla Works
RoastinglFurnace “"n’shinéz Plalnt
- ‘ _ (Settling nts pitz uten,
Coolmgl F1001 Classification and Concentration)
‘Chlorination Tank ' 4u_‘.“i I
(Chlorine 839 and “'Menvflslll Sands #0 per cent. Slimes 30 per cent.
A— ~ * A'—— u — =6s77-5 tons =2947-5
. l
Chloride of Cold Solution Ri-zsrouns average :40; oz. Ssdwt.
. . .
Precipitation l
by s‘ulphate .
of iron '2 P835633!’= 10' oz _ 5(i8:la$_= :2 ‘I. 1 ‘will;
“per _ .

001d ISlimes Motherlie L805?" ‘ "w" Slimes Pits

. 1 Leaching Vnts l
Saving Tanks . l .
(Precipitation by old iron) Percolatlon 0'_ Cymlldc l
' Solution i
' ' ___l—_A '
. G (I) ld \V as be Double'Cynnide - Rl-zsinnss
Melting Furnace of Gold and Potassium containing 2:’) per rent.
Gold in Bars Electric brecipitation Z401 02' 6 dwt' 18 yr’
Recovered 98 per cent.=771 oz. 11') dwt. Boll!“
Gold oil Leadfoil Solntionlreturned l
Lendfoil talien out at the w Storage Tanks
end of every month
Cnpelling' Furnace i
I
F _ |' Cyanide Treatment by
Gold Lltlmrge Electrical Process
Recovery 75 per cent. |
1,354 0:. 0 that. 6 gr. Gold Oil Leadfoil 00 Bulmmzs
- '
C“P°“'“g .Fmmce 81 02._8 did.
per cent.:
14 yr.
Gold Litharge
Recover-ml 80 per cent.=325 oz. 14 dwt. 10 gr.
XXII!
xl THE METHODS OF GOLD EXTRACTION.

SUIMARY.
aoTdkvalue sent to A k 7 W V VY’iel’r— V V f i 10;“: Resiéijeal V Recovered. fasti—

8,000 0 gr.0
oz. dwt. Over the plates \‘ 5,000
oz. 0 gr.
dwt. 0 — OZ—. d :t. ‘l p32-500
rcent. -
per cent

> Chlorination . \ 771 15 0 15 15 0 9-647 (H97

Sands . . . . \ 1,354 0 6 451 6 18 16-925 5612
Slimes . . . I 325 14 10 81 8 14 4072 1-017
—' ¥ " " ' ' ‘firJi'W— * i i' y 'A "—
8,000 0 0 Total yield . . \ 7,451 9 16 54s 10 8 93-144 6‘856
1 8,060 oz. __100 p1: cent.
 wwmgnm
LJJSHJAIEIB.
JrLl IO
“Wag as???‘ -

WITWATERSRAND MINES.

AGNES MUNRO GOLD MINING COMPANYI LIMITED.

Formed in November, 1892.
CAPITAL—£100,000 in £1 shares ; 93,000 shares issued and fully paid up.
Directors.
0. S. GOLDMANN (Chairman), GEORGE FARRAR, W. DALRYMPLE, SIDNEY Woonr,
J. C. A. HENDERSON, and R. M. Pascos.
Secretary and Head Ofiice.
G. W. HIGGINS, 1 8t 2, Bettellieim Buildings, Johannesburg.
General Manager.
A. Anewm.
FINANCIAL HISTORY.—-Th6 original capital of the Company was £190,000. In November,
1892, the Company was reconstructed by the H. F. Syndicate as follows :—
Capital £100,000.
To old shareholders in Agnes Munro Company 23,000 shares.
,, H. F. Syndicate for finding £15,000 working capital 70,000 ,,
Reserve 7,000 ,,

@192’ a
Balance Sheet, December 31, 1894.
£ a. d. £ s. d.
To Capital account 93,000 0 0 By Property account 76,432 10 0
,, East Rand Proprietary Mines 1,021 15 0 ,, Machinery and plant 1,513 18 11
,, Sundry creditors 30 16 6 ,, Buildings 439 10 6
,, Mine development 3,167 9 9
,, New Blue Sky Company 10,242 16 3
,, Cash in hand 259 1 9
,, Profit and loss account 1,997 4 4

£94,052 11_ (5 £94,052 1 fi6_

Profit and Loss Account, December 31, 1894.
£ 8. (I. it s. d.
To Balance from last account 2,707 11 7 . By Gold account (result of trial
,, Licenses, directors’ fees, etc. 365 17 7 i crushing 1,000 tons of ore)... 3,020 10 8
,, Milling, cyaniding, etc., ex- 1 ,, Interest 217 7 9
penses . 2,191 13 7 i ,, Rent 30 0 O
,, Balance 1,997 4 4

voa. i. sages ‘0'

2 5' £5,265
'— if; 2* 9
2 WITWATERSRAND MINES.

As will be observed from above, the Company has about £10,000 cash in hand. The interest
on the cash fund placed on deposit practically pays for the initial expenditure incurred during the
last 12 months.
DIBCRIPTION or THE PROPERTY.—Conslsts of 19 claims situated between the Comet Gold
Mining Company and the East Rand Central Gold Mining Company. Of these 5 claims, equal to 750
ft., are on the run of the reef, the balance being situated south of these. For plan, see‘v olume III.
MINING IaTELLIGENCE.——Reef—The reef opened on this property is the same as the North Reef
of the Comet Gold Mining Company. It is well defined and undisturbed by intrusive rocks. The
peculiarity of this reef is that the gold is chiefly found on the footwall here instead of on the hang
ing wall as in the Comet. The full width of the reef is seldom less than 6 feet. The value and
width of the footwall section varies considerably. The width varies from 6 in. up to 3 ft., and its
assay value from 10 to 60 dwt. A stope of 3 ft. is taken for calculating purposes.
DEvEmPMax'n—About the centre of the property a Main Shaft 14 ft. x 5 ft. Gin. has been sunk
to the second level, a vertical depth of 185 ft. At 120 ft. the first level has been driven. The
North Reef has been intersected by means of a cross cut north, 80 ft. long. On first level 258 ft.
have been driven, and on the second level (viz. 185 ft. vertical) 207 ft. have been driven.
The above development has exposed—
Above 1st level 3,000 tons assay value 16 dwt.
1) 2nd :1 410“) n n H 23.40 17
Of these 1,000 tons have been stoped, 950 tons from the 2nd level, 50 tone from the 1st level, which
were hoisted to surface and have since been crushed for testing the value of the ore. The 7,000
tons (ore reserves) have a combined value of 2023 dwt.
Test Crushing—During the latter end of 1894 a test crushing of 1,000 tons was made with
the following result :—
Gold from amalgamation, 670-3 oz. 13'40 dwt. per ton.
:1 n cyanidingi 105 n 210 n n
,, ,, concentrates, 528 ,, 105 n n

Total gold 828-1 oz. = 1655 dwt. per ton.

Development had been stopped for a considerable time, but since the last month (June, 1895) active
development has again been resumed. The reef has been drifted upon from the section west of the
main shaft into the Comet. The vertical shaft above referred to is now being turned into an incline.
GENERAL REltIARKS.-——The mine is now being actively developed. The Chairman of the East
Rand Proprietary Mines stated at the last meeting, 25th June, 1895, that ultimately he thought
this Company would be amalgamated with the New Comet Gold Mining Company. Since, how
ever, the East Rand Central is being absorbed by the East Rand Proprietary Mines, it is more
probable that the Agnes Munro will be amalgamated with this and adjoining blocks.

ALEXANDRA ESTATE AND GOLD MINING COMPANY, LIMITED.

Formed in ‘1889.
CAPITAL—£250,000 in £1 shares; 225,000 shares issued and fully paid up.
Directors.
C. S. GOLDMANN (Chairman), H. J. Knvo, G. Imwm, R. OPPENHEIMER (alternate A.
WAGNER), F. VON Hussein‘, and F. M. WOLHUTER.
London Committee.
R. S. D. Fsnxm, F. W. GREEN and CHAS. Russ.
Secretary and Head Oflice.
E. GRossE, 20 to 25, Bettelheim Buildings, Johannesburg.
London Secretary and Oflice.
JOHN SEEAR, 15 and 16, George Street, St. Swithin’s Lane, E.C.
Kimberley Transfer Secretary.
A. RAMSAY.
AccoUN'rs—Made up half-yearly to February 28, and August 31. Generally submitted
within the two months following. The accounts for the six months to February 28, 1893,
showed an income of £1,215 from interest (chiefly on a loan to the Wolhuter Company, since paid
off), and a net loss of £61, while the accounts for the half-year to August 31, 1893, showed an
income of £379 from interest, and a net loss of £1,359, raising the debit balance to £7,634.
Balance-sheet items (3lst August, 1893); Creditors, £521; debtors, £8; due by Cape of Good
 WI 1 WA TERSRA ND MINES. 3

Hope Bank, £4,209; investments, £7,048 ; cash, £13,760, and debit balance carried forward, £7,634.
The Company’s cash assets, including the following investments, approximately stood in at £21,000,
exclusive of amounts due by Cape of Good Hope Bank. The amount under investments in the
balance-sheet consists of 908 \Volhuter shares taken up at 45s., viz. £2,043, and 154 £50 deben
tures in the Birthday Gold Mining Company. With reference to the \Volhuter investment, the
Company became possessed of this interest by reason of a 15 per cent. in the reconstruction of
the Wolhuter Gold Mining Company, with a 15 per cent. participation in the free option on 10,000
\Volhuters at 60s. expiring 1st April, 1894, arising from the loan given to that Company previous
to the reconstruction of the Wolhuter. During the half-year ending August, 1894, nothing of any
moment transpired.
Balance-sheet, February 28, 1895.
Liabilities. Assets.
£ a. d. £ 8. d.
Issued capital 225,000 0 0 Investment Account 17,734 1 6
Sundry creditors 42 18 6 Property 183,005 0 0
Standard Bank 1,812 17 2 Machinery and plant 1,314 3 9
Buildings 1,946 17 9
Live stock, furniture 592 0 0
Plantation 4,177 5 8
Cape of Good Hope Bank 2,104 13 6
Stores and debtors 207 15 9
Profits and loss account 15,773 17 9
£226,855 15 8 £226,855 15 8

Profit and Loss Account, February 28, 1895 (half-year).

Liabilities. ' Assets,
£ s. d. £ 8. d.
To Balance from previous 110- i By Interest 360 16 9
count 10,314 18 11 | ,, Balance 15,773 17 9
,, Charges £488 13 5 l
,, Mynpacht rent 325 0 0 1
,, Salaries 195 0 0
,, Prospectingac
count 4,811 2 2 5,819 15 7 ,
£16,134 14 6 1 £16,134 14 e
The investment account as shown in the balance-sheet stands at £17,734, which includes 1,500
\Volhuter shares, costing 603. per share, £4,500; 5,837 Main Reef shares costing 20s. per share,
£5,837; 86 New Birthday Gold Mining Company shares. The Main Reef shares were re-sold in
March, 1895, at something over par. The proceeds repaid the overdraft and placed the Company
£4,500 in credit.
Paasnvr FINANCIAL POSITION.—Leaving the investment in Birthday shares aside, the Com
pany has £4,500 cash in hand; and the Wolhuter shares, taken at £8 per share, represent a value of
£1,200. Consequently the Company has liquid cash assets representing £16,000, besides an amount
of £2,000 owing by the Cape of Good Hope Bank in liquidation, the greater portion of which the
Company will, as the liquidation of this institution proceeds, receive. The Company has recently
disposed of its 25,000 reserve shares, raising the cash as stated above to £36,000.
PROPERTY.—C0nSlStS of (1) The freehold of the farm, Paardekraal No. 25, to the north of the
farm Luipaardsvlei, in extent about 1,310 English acres. (2) Half interest in three mynpachts of
Pretorius portion of Grootpaardekraal. The other half is owned by Messrs. Rimer and Hollins,
The surface rights of the corresponding area upon which the mynpachts were obtained and are
held, was sold to the Government for the sum of £1,750, with the understanding that should at
any time this area sold to the Government be proclaimed, the Company and the parties mentioned
reserve a. pre-emptive right to the minerals thereunder. (3) Lease of Naude’s portion of Groot
paardekraal, with the option, until October 20, 1896, of purchase of the mineral rights for
£10,000. The farm was once proclaimed a public digging, but has since been deproclaimed.
Locality of the Property—It is situated on the top of the \Vitwatersrand, running N.N.W.
to S.S.E. It is interesting from a topographical point of view, as from here the watershed of the
two great river systems disgorging into the Indian and Atlantic Ocean, which the Witwatersrand
forms, is beautifully perceivable. The property is located eighteen miles N.W. of Johannesburg,
4 WITWA TERSRAND MINES.

and about two miles from the Krugersdorp station of the Netherlands Railway Company (convey~
ing coal from coal mines). It adjoins Luipaardsvlei and Witpoortje.
DEvEmPMENT.—All development has more or less been of a prospecting nature, with a view to
locating the reefs and determining their value and constancy. An amount of over £4,000 was spent
in 1893 for this purpose. '
Alexandra Estate—The work carried out in 1893, under the advice of the then consulting
engineer, Mr. R. J. Frecheville, is as follows: A reef in mode of occurrence and formation closely
resembles the Du Preez Reef (New Rietfontein Estate). This is opened throughout the whole
property, viz. a. length of 7,000 feet, equal to forty-seven claims on the run of the reef. As the reef
shows best on the west side of the valley, where the Company’s battery is situated, an edit level
has been driven 216 feet in the reef from that point. This level gives 100 feet of backs. Six
winzes of about 600 feet apart have been sunk in the reef from surface to the following depths :—
‘Vinze, No. 1. 108 feet. Winze, No. 4. 22 feet.
,, 2. 86!! ,, , ,, 73 ,,
,, 3. 57 ,, . ,, b. 72 ,,
70 feet of cross cutting north and south from the edit have also been made. The winzes were
stopped in consequence of the water level having been reached without the equipment necessary to
cope with the water. The reef in the edit drive shows a thickness of 1 inch to 3 inches, assaying
from a few dwt. to 7 oz. to the ton. Ore is pyritic, and rock very hard. Mr. Frecheville suggested
further prospectin by continuing winze No. 5 to a depth of 150 feet, and then driving on the reef.
Cost of this, inclu ing hauling and pumping engine, estimated at £5,000.
Naude’s Portion—Situated east of the Alexandra Estate, and about 2 miles north of the
Champ d’Or Gold Mining Company. The reef opened here is the same as at the Alexandra Estate.
It is opened on by four winzes over a length of 2,000 feet, equal to claims.
Winze No. 1 sunk 110 feet. Winze No. 3 sunk 10 feet.
,7 2 l’ 77 77 4 77 17

Nos. 1, 2, and 3 reached the water level, and driving has been commenced from same. The reef
consists of a layer of large pebbles. It has a width of from 1 to 2 in. Hanging-wall,diorite,
which breaks the formation in all directions. Footwall, coarse red sandstone, carries gold for a
thickness of from 12 to 18 in., while quartz seams, frequently carrying visible gold, cross the reef.
At winzes 1 and 2 formation broken, but where solid, reef pans 2 to 3 oz., and 12 in. of the sandstone
(footwall) 13 dwt. Reef pans especially well at winze No. 3. Samples from winze 1 assayed 13
dwts. 6 gr. for width of 15 in. hanging well leader, 1 oz. 16 gr. for 6 in. on footwall. Samples
from winze No. 3, for 2 in. leader, 22 dwt. 12 gr., and for 12 in. footwall 3 ozs. 15 gr. Pannings
showed up to 5 oz. per ton. Another winze was started some 500 ft. east of winze 3, where reef
and footwall showed equally good results. A second leader, 1 in. thick, panning 3 02., was found
by a short cross-cut from winze No. 1, and doubtless exists in No. 3. It is therefore more than
probable that a payable reef could be opened at winze 3. To do this an expenditure, including
hauling-engine, of £5,000 would be necessary.
Mynpnchts.—On the most southern mynpacht a shaft has been sunk 150 ft., and a payable
reef said to have been intersected. Apart from the above, there are the old workings on the
Alexandra Estate, which, however, the consulting engineer of the Company did not consider dis
closed anything really payable. All work was suspended in 1893, the board considering it more
prudent to keep the cash balance together rather than expend further £10,000, as suggested, on
further prospecting work. During 1894 some prospecting work was done, which, however, was
also discontinued again.
Plantatimw—This constitutes a very valuable asset of the Company. During the half-year
ending 21st February, 1895, 130,273 trees were planted, giving a, total of 403,000 trees growing on
the property.
Water SuppZy.—A most important feature is the great abundance of water on the Company’s
property, which gravitates with a steep fall, and can be turned into a valuable motive power for
all mining requirements. This ensures the economic working of the Company.
GENERAL REMARKS.—At the last general meeting, held 3rd April, the Chairman drew attention
to the valuable asset of the Company in the lease of Naude’s portion, and referred to the impetus
given to the low grade propositions through the successful operations at the George and May Com
pany with the dry crushing process, whereby the oxydized ore was subjected to direct cyanide
treatment without undergoing the process of amalgamation. The actual cost worked out to about
128. 6d., which, reduced to a pennyweight basis, worked out only to 3 to 31: dwt., and all above
would mean profit. Mining operations have again been resumed on Naude’s portion. A manager
has been appointed, and it is the intention of the board to thoroughly test the reef, from which
good assays were obtained.
 WI TWA TERSRA ND MINES. 5

ANGELO MINES, LIMITED.

Formed April 20, 1895.
CAPITAL—£225,000 in £1 shares; 175,000 shares issued and fully paid up.
RmERvE—50,000 shares, which are held under option.
Directors.
GEORGE FARRAR (Chairman), 0. S. GOLDMANN, LIONEL PHILLIPS, S. W. Jameson, J. C. A.
HENDERSON, and W. DALRYMPLE.
General Manager.
A. Axew IN.
Secretary and Head Oflic'v.
G. W. HIGGINS, 1 and 2, Bettelheim Buildings, Johannesburg.
London Secretary and Ofiicc.
\V. HENDERSON CLARK, 170-3, Winchester House, Old Broad Street, E.C.

FINANCIAL HIs'IoRY.—Capital, £225,000. Appropriation.

To the shareholders of——- Shares.
St. Angelo Gold Mining Company, in exchange for 3325 claims 30,000
Driefontein Gold Mining Company, ,, 38'40 ,, of which
11 reef-bearing 15,000
East Rand Proprietary Mines ,, 42'94 dip claims 55,000
11459 of which 87 are
reef-bearing 100,000
\Vorking capital £75,000
Reserve ,, 50,000

£225,000
This Company took over the assets and liabilities of the St. Angelo Mines (capital, £150,000, of
which the East Rand Proprietary Mines hold £148,000) for 30,000 shares in the Angelo Mines. The
liabilities—viz., £10,000—were repaid to the East Rand Proprietary Mines. The Company then
acquired 38'40 claims from the Driefontein Company, of which 11 are reef-bearing, for 15,000 shares,
giving the Driefontein Company the right to subscribe £10,000 of the working capital issued at par,
and also to participate in the guarantee of the underwriting of the working capital, which entitles
them to a call on 7,500 shares of the reserved shares at 233. 9d. per share. The East Rand Pro
prietary Mines received 55,000 shares for 4294 claims, and had the right of subscribing the
remaining amount of the working capital, viz., £65,000, at par. This right was offered to share
holders registered o‘th April, 1895, which entitle every 10 East Rand Proprietary shareholders to 1
Angelo Mines share at par—to be applied for on or before 10th June, 1895. The issue of 75,000
shares at 20s. per share was guaranteed, in consideration of which the guarantors have an option on
25,01) of the reserve shares at 228. 6d. per share for 12 months ending April, 1896, and 25,000 at
238. 9d. for 15 months ending July, 1896. Assuming the 0 tions are exercised, which no doubt
they will be, the Company will have a cash working capital 0 75,000 shares issued at par, £75,000;
50,UX) shares issued at 238. 9d., £59,375 ; total, £134,875, less about £10,000 repayments of
liabilities, leaving £125,(X)0, which will be ample for all requirements.
DESCRIPTION’ OF THE PROPERTY.—-The property is situated on the proclaimed farm Driefontein,
between the Driefontein Consolidated Gold Mining Company and the new Comet Gold Mining
Company. The property consists of 87 claims, and has a length on the strike of the reef of 2,700
ft. The proportions were calculated as follows: The length of the St. Angelo block is 2,700 ft.=
18 claims. The North Reef falls in the Driefontein Company’s grounds, covering 11 claims. The
two blocks combined give an average width of dip ground of about 970 ft. Taking the width of
the reef at 3 ft., and the dip at 45°, the above blocks contain 660.000 tons, or 11 years’ life with
40 stamps. Of these 170,000 tons are contained in the Driefontein block, and 490,000 in the St.
Angelo Block. In acquiring the dip claims of the East Rand Pro rietary Mines, the average dip
ground of the North Reef is 1,960 ft., and the total ore contents of t 0 above blocks, 1,340,000 tons,
equal to 23 years’ life. The above refers to the North Series. The South Series is not contained
6 ‘ WITWATERSRAND MINES.

in the Driefontein block ; in the St. Angelo block the South Reef extends over a width of dip of 290
ft., which would give 198,000 tons, or 3 years’ life. The South Reef is continued throughout the
East Rand Proprietary block, giving an estimated tonnage of 452,000 tons, bringing the total South
Reef tonnage to 600,000 tons, or a grand total tonnage of 2,000,0(1), which is equal to 34 years’ life
with a 40-head mill. In order to bring the tonnage up to 2,320,000 tons, to give a life of 40 years
with 40 stamps, 9'85 dip claims of the East Rand Proprietary Mines were added. For plan, see
Volume III.
TECHNICAL INTELLIGENCE.—Devclopment : In September, 1893, a borehole was put down
850 ft. east of the west boundary of the St. Angelo Block, and at a point about 200 ft. south of the
point where the South Reef would cross if it were to rise to surface. At 245 ft. depth the reef
was struck, width 5 ft. (the borehole was sunk to 290 ft.). For a width of 19 inches (footwall
section) the reef assayed 2 oz. 11 dwt. 12 gr. per ton. In October, 1893, a shaft was begun north
of the borehole to intersect the reef at an anticipated depth of 80 ft. The shaft is 9 x 4,} ft., divided
into a hoisting compartment, 4 x 4% ft., and a pump and ladder-way compartment, 4.5 x 4.1; ft. Pit
head gear, 27 ft. high. A 12 horse-power winding engine, and 20 horse-power boiler. The shaft,
after passing through the surface deposits, got into a dyke. It was sunk in this dyke for 80 ft.
vertical, and then turned on the incline. At 130 ft. vertical from surface the first level was started,
a cross-cut was put in south for 40 ft. without intersecting the reef. The shaft was thereupon con
tinued in all 186 ft. on the incline, making a. total vertical depth of 240 ft. At this depth the reef
was struck in the borehole, and the policy was to sink the incline shaft in a line with the point where
the reef was struck in the borehole, and then cross-cut towards it. In a cross-cut 24 ft. long the reef
was struck in November, 1894. From this point levels have been opened east and west of the cross
cut. The East Drift is extended 206 ft. through reef. The \Vest Drift is extended 167 ft. ; 64 ft.
of this is, however, through two separate dykes. The reef, however, between these dykes is richer
than at any other point along the levels. The dyke has here removed the upper part of the reef,
giving at the most westerly point, the 240 ft. level (April, 1895), only 70 ft. of backs above. A new
level is therefore to be opened up 30 or 40 ft. below this. Summary of work done up to 30th April,
1894, and total to 30th April, 1895.
April, 1894 : Sunk shaft, vertical 80 ft.
,, ,, on incline 60 ,,
Driven cross-cut, south 71 ,,
Total mine footage 211 ft.
During 12 months ending April, 1895: Shafts 131 ft.
Drift 386 ,,
Cross-cuts 86 ,,
VVinzes 2O ,,
623 ft.
Total footage 834 ft.
A new scheme of development has been undertaken. Two new incline shafts are started, one on
the North Reef and one on the South Reef. Depths respectively (April, 1895), 35 ft. and 24 ft.
Each shaft 16 x 5 ft. inside of timber, divided into two hoisting compartments, each 45 x 5 ft., and
a pumping compartment, 6x 5 ft. These shafts are situated midway between the east and west
boundary of the property on each reef.
EQUIPMENT.—The equipment of the North Incline will consist of a 15 x 30 in. geared winding
engine, 16 x 36 in. Corliss pumping engine with 8 in. pump, and three 80 h.p. boilers, together with
a 50 ft. head gear with sorting floor. The equipment of the South Incline the same as North In
cline, only addition, 20 drill Walker compound compressor having 17 in. and 34 in. steam cylinders
with 19 and 30 in. air cylinders, all 48 in. stroke, will be put down, with 4 boilers in place of 3.
Workshops .' Workmen’s quarters, etc, are being erected.
Dip of Reef: At a depth of 250 ft. the reef dips at 60°, therefore very steep.
Width of Reef: The manager estimates that 3 ft. of reef will go to the mill.
Value of South Reef.‘ For 413 ft. drilled up to Jnne, 1895, taking a width of 36 in., the value
is 3625 dwt. per ton.
Previous difl'iculties experienced: Great difficulty in intersecting the reef as shown above
was experienced in consequence of the large dyke which runs parallel with the reef. It however
dips at a slightly deeper angle than the reef itself. The reef is, therefore, cut by the dyke, and
continues to run under the dyke. The dyke is, therefore, not likely to give any further trouble.
GENERAL REMARKSL—Recent development work is opening up the South Reef of extraordinarily
good value and richer than anything hitherto found in the East Rand Proprietary property.
 .WITIVA TERSRA ND MINES. “J

APEX MINES, LIMITED.

Formed in 1893.
CAPITAL—£125,000 in £1 shares; 106,500 shares issued and fully paid up.
Directors.
G. Rlcmmns (Ohaiwnan), E. H. DUNNING, ABE BAILEY, T. D. Cas'rER, F. LowREY, and
GEORGE FARRAR.
Secretary and Head Ofii‘rc.
D. RINTOUL, Gold Fields of South Africa Buildings, Johannesburg, Transvaal.
FINANCIAL HISTORXZ—Origlnal capital, £50,000, of which about £30,000 formed the original
working capital. On July 6, 1895, an offer made by Attorney C. Leonard, on behalf of Mr. George
Farrar, for reconstruction, was considered and has subsequently been accepted. This scheme
provided for an increase from £50,000 to £125,000 by the creation of 75,000 shares. Of these
25,000 to be offered to shareholders pro rata at 358. per share. These are guaranteed, the guarantor
buying from the Company 31,500 shares at 355. per share, and having an option on the 18,500
reserve shares at 408. per share, for a period of 12 months calculated from July 6, 1895. This
increase of capital gives the Company a cash working capital of £164,150.
DESCRIPTION or‘ THE PROPERTY.—Th6 Company’s property is situated on the unproclailned
farm, Rietfontein, N0. 324 (in extent 3,572 morgen), situated to the east of Vogelfontein and to the
west of Brakpan. The Company owns about 2,750 acres of freehold ground.
DEVEmPMENI—The property was tested by means of boreholes towards the end of 1894.
They were partly sunk close to the north boundary of the farm (in the N.E. corner) near the
farm Benoni, with a. view to catching the Main Reef series coursing in that direction from the
New Kleinfontein Gold Mining Company. The boreholes led to no satisfactory results, the reason
principally, however, being that they did not go down far enough, comparing the position of the
boreholes with the likely course of the reef. Boring in the southern portion of the property near
the Brakpan boundary led to the discovery of a good seam of coal, on which a colliery is to be
opened.
GENERAL REMARKs—A loop-line of the Netherlands Railway, which supplies the mines with
coal, is to be run from a point near the Brakpan boundary to Benoni, and will supply all the mines
on Benoni, Kleinfontein, Vlakfontein, and Modderfontein with coal.

AURORA GOLD MINING COMPANY, LIMITED.

Formed in 1886.
CAPITAL—£65,000 in £1 shares; all issued and fully paid up.
Directors.
HERBERT Ronms (Chairman and Managing Director), WARRE-Smrrn, JULIUS BERLEIN,
J. WALDEK, and F. M. WOLHU‘I‘ER.
Manager.
J. MCCONNOCHIE.
Secretary and Head Oflicn.
F. W. DIAMOND, Bettelheim Buildings, Johannesburg.
London Agents and Oflicc.
Consolidated Gold Fields of South Africa, 8, Old Jewry, E.C.
CAPITAL CHANGEx—Original capital £30,000, of which £24,000 went to vendors, and 0,000
shares, subscribed at par, gave a working capital of £6,000. In June, 1888, the capital was
increased to £50,000 by creation of 20,000 shares. 11,500 of these were taken up at or, realizing
£11,500; and 8,500 held in reserve were subsequently sold at 309. per share, £12,750. 8n March 23,
8 WIT IVA TERSRA ND MINES.

1891, the capital was again increased from £50,000 to £65,000 by creation of 15,000 new shares, of
which 7,500 were taken up at par, giving £7,500; the balance of 7,500 shares being realized
at 25s. per share, or £9,375. Total capital supplied by shares £47,125. Premium on shares
£6,125.
ACCOUNTS AND FINANcE.—Accounts are made up half-yearly to February 28, and August 31,
respectively.

Balance-sheet as at Iv'cb'rum'y 28, 1895.

Liabilities. £ 8. d. Assets. £ s. d.
To Capital account 65,000 0 0 By Property 30,780 6 0
,, Overdraft at bank 5,178 5 9 ,, Permanent works 13,041 3 2
,, Sundry creditors 634 16 3 ,, Mine development 1,855 17 3
' ‘ ,, Machinery and plant 19,839 11 3
,, Buildings 3,491 4 4
,, Stores 309 9 6
,, Furniture and sundries 242 10 6
,, Cash at mine 251 6 4
,, Gold unrealized but since sold 738 3 0
,, Profit and loss account 263 10 8
£70,813 2 0 £70,813 2 0

Profit and Loss Account as a! February 28, 1895.

Liabilities. £ 8. d. ‘ Assds. £ a. d.
To Mining expenses 4,443 10 7 By Balance last half-year 1,915 2 0
,, Hauling and pumping 1,164 13 1 ,, Gold account 6,867 13 2
,, Transport of ore 241 7 9 ,, Gold in transit 738 3 0
,, Milling expenses 1,799 1 2 , ,, Rent 31 15 0
,, Maintenance 564 2 11 ,, Transfer fees 7 9 6
,, Licenses 71 17 6 ,, Balance 263 10 8
,, Stable expenses 83 15 0
,, Salaries 390 0 0 i
,, Directors’ fees... 213 2 0
,, Auditors’ fees 26 5 0
,, General charges 566 15 8
,, Interest 144 16 8 ‘
,, Fire insurance... 39 6 0 ‘
,, Commission 75 0 0 ‘
£9,823 13. £9,823 13 4
A»

DIVIDENDS: Paid out of mining profits, 5 per cent. in 1888, and 5 per cent. in 1892, together
with a cash bonus of 25 per cent, out of cash received from the Aurora West Gold Mining Company
in consideration of the lease granted to that Company of half of the property of this Company in the
early part of 1889. Total distribution of cash, 35 per cent., equal to £18,250. In consideration of
this lease, the shareholders of this Company further received 50,000 shares in the Aurora West
Company, being equal to a 100 per cent. distribution on the capital of this Company at that time.
The lease is for a period of 18 years (from February, 1889), at a rental of £600 a year. This rent
was capitalized at the beginning of 1891 for £4,000. In February, 1895, all the free-milling ore
was exhausted, and in order to work the hard blue ore the Company requires heavier stamping
power, rock-drilling plant, and further suitable machinery. As funds were short, a scheme of
reconstruction was submitted, but could not be carried owing to the absence of a quorum. The
‘liability of the Company amounts to £5,178.
 WITWA TERSRA ND MINES. 9

Revenue, Profit and Loss since beginning of 1889.

Period to. Revenue from gold. Losses. Profits.

7 i __ i F . £ a. 11. £ a. d. f, n. d. s 0. d

August 31, 1889 10,385 7 5 42710 4 , 6,500 14 6 —

February 28, 1890 1 2,292 11 6 , 676 13 8 3,175 3 3 1 —
August 31, 1890 1 5,196 15 o , 178 3 2 488 14 2 , _
February 28, 1891 I 9,077 6 9 I, 622 12 10 , 2,503 17 7 , —
August 31, 1891 | 13,079 1 4 I 4,000 0 0 , — , 2,680 v3 11
February 29, 1892 ‘: 16,123 0 0 i 436 9 0 , — , 1,399 5 7
August 31, 1892 ’ 20,174 1 6 1,875 0 0 — , 4,880 17 10
February 28, 1893 ‘ 15,655 12 8 , 350 17 0 , 10 13 11 , —
August 31,1893 1 19,963 15 8 33 8 3 , 2,592 17 9 -
February 28, 1894 I 19,043 0 5 41 19 0 ’, —- 250 14 6
August 31,1894 3,002 10 1 ‘ 10 0 0 ' 450 13 8 —
February 28,1895 1 7,605 16 2 1 39 4 0 2,178 12 0 —

i£141,598 18 6 {£8,691 17 3 £17,901 6 10 £9,211 1 10

Recapitulation.
, £ 8. d.
Revenue from gold 141,598 18 6
,, .,, other sources 8,691 17 3

Total revenue to February 28, 1895 £150,290 15 9

£ s. d.
To debit balance, carried forward from August 31, 1888 5,139 1 3
,, Losses made since then to February 28, 1895 , 17,901 6 10

1 £23,040 8 1
Less profits made during the same period 9,211 1 10

Total loss made up to February 28, 1895 £13,829 6 3

Dividends and bonuses paid 18,250 0 0

£32,079 6 3
Less cash amount received from Aurora West Company 25,000 0 0

Amount distributed over and above funds available £7,079 6 3

PRODUCTION AND COS'l‘.—The Company originally crushed with 10 stamps; and the battery
shut down in March, 1890. Milling re-commenced in June, 1890, but on account of the distance
from the mine, and the insufficient capacity of the mill for economical Working, the Bantjes
battery of 20 stamps was hired, and crushing commenced in August, 1890. A new 20-stamp
battery was erected by March, 1891, and started crushing on March 2, 1891. The water in the
mine caused much trouble. Ten more stamps were added at the end of 1892, and were started
in January, 1893. During the half-year ended August 31, 1894, milling operations were again
suspended, with the exception of 26 days, in order to allow mine development to make headway.
\‘Vork was again resumed, and was finally suspended in March, 1895, the pumps only being kept
going in order to keep the mine free of water.
IO FVIT IVA TERSRA ND MINES

Details of Production.

Period. Tons crushed. i, Total yield. Yield per ton. }‘ Ngzgrgfiff

_ A1 -1 . . Min ____‘_.\._11 a_-_ - . “1 wk‘ m .1

Six months ending— l om. dwts.
February 28, 1890 1,276 528‘05 8'27 10
September 30, 1890 3,048 1845 j 1203 10—20
August 31, 1891 9,280 3699‘?! , 7‘97 20
August 31, 1892 15,656 5224'25 6'67 20
February 28, 1893 10,421 3871'70 7'43 20—30
August 31, 1893 19,230 5476 5'69 30
February 28, 1894 19,152 4449'15 4'64 30
August 31, 1894 1,935 904'75 . 9'35 20
February 28, 1895 9,236 2328'14 5'04 30

The average yield obtained from about 100,000 tons of free milling ore treated up to date is
6-8 dwt. over the plates, while about 4 dwt. was the assay value of the tailings. The full value of
the ore was therefore only 108 dwt. per ton.
TAILINGS.-——These, being of a very low value, were sold at 1s. 45d. per ton. Tailings on hand
on February 28, 1895, about 17,500 tons.

Working Cost of two Specimen Months compared.

September, 1892. September, 1893.
1,528 tons crushed, yielding 521 oz. at 74:. 611. Value, 1 2,900 tons milled, yielding 603-4502. Value,
£1,940 14 0 £2,248 19 4
s. d. .9 ~. (I. I a. d. e s. d.
Total cost... 1,460 12 6 Total cost 2,796 2 0
Mining expenses 7 5 Mining expenses 9 4-881
Hauling and Hauling and
pumping 2 81 pumping 2 6-868
Transport of ore 0 8 Transport of ore 0 9-644
Milling expenses 5 10¢ Milling expenses 3 7137
Maintenance 0 61 , Maintenance 0 10729
General charges 2 0 ‘ General charges 2 0-685
Mine redemption 2 4i 181 18 4 1,642 5 10 Mine redemption 1 6-0 217 10 0 3,018 12 0
Cost per ton 21 7 Profit for month 298 8 2 Cost per ton 20 9394 Loss for month 764 12 8

The working cost was kept down as low as 193. 8d. per ton.

DESCRIPTION or THE PROPERTY. — The original property consisted of a mynpacht of 50

morgen in extent on the farm Paardekraal, \Vitwatersrand, situated between the New Unified Gold
Mining Company to the east, and the Bantjes Company to the west. The western half of the
property is leased to the New Aurora West Gold Mining Company until 1909, the rental having
been capitalised and paid. There are about 10 outcrop claims in each portion, or say a distance of
1,500 ft. on the strike of the reefs, and about 20 deep claims, giving a total depth of a little over
1,200 ft. on the dip. Besides these the Company owns 4 Main Reef claims adjoining the mynpacht,
together with the necessary ground for tailings, machinery, and water-right. The Main Reef
series runs through the whole property. (For plan, see Volume III.)

EQUIPMENT.—Incline shaft fitted with one 25-ft.wooden head-gear; one RustondtProctor coupled
geared winding engine; one 30 h.p. Ruston & Proctor boiler; one 25 h.p. Robey boiler. On a disused
vertical shaft, 300 ft. to the south of the incline shaft, is a pumping plant, consisting of one 10 in.
Cornish pump, driven by a separate engine and boiler. Mill: 30 Sandycroft 750 lb. stamps driven
by one long stroke compound condensing engine, 80 h.p. One 20 ft. tailing wheel; one 106 h.p.
Baboock & Wilcox boiler.
 WIT WA TERSRAND MIXES. II

AURORA WEST UNITED GOLD MINING COMPANY, LIMITED.

Formed in 1889, and rc-formed in 1891 and 1895.
CAPITAL—£140,000 in £1 shares; 100,000 issued and fully paid up.
Directors.
S. B. JOEL (Chairman), B. I. BARNATO (alternate W. Sr. Jons CARR), Hos. J. Tumors,
E. BRAYSHAW, and C. MULHAUSE.
London Committee.
E. ESCOMBE, A. R. STEPHENSON, and W. BAILEY.
Secretaries and Head Oflicc.
The Johannesburg Consolidated Investment Company, Limited, Johannesburg.
London Agents.
The Johannesburg Consolidated Investment Company, Limited, 7, Lothbury, E.C.
CAPITAL CHANGES.——Orlglnal capital of the old Aurora West Company, £175,000; appropriated,
£150,(X)0 to vendors; working capital, £20,000; reserve, £5,000. Reconstructed in March, 1891, as
follows: capital reduced to £60,000. Old shareholders received one new share for every eight old ones,
being in all 28,333 shares, 21,667 issued at par for working capital, and 10,000 shares held in re
serve. The issue for working capital was guaranteed by the promoters of the reconstruction—the
South African Trust and Finance Company, Limited. 9,444 shares of this issue were offered to
the old shareholders, but no applications came forward Thus the guarantors took up the whole
issue, deducting 10 per cent. on the latter parcel, providing £20,722 123. of fresh capital.
The capital was increased in November, 1892, to £80,000 by creation of 20,000 new shares, which
were applied to the acquisition of 29 dip claims adjoining the original property of the Company. In
October, 1893, the capital was again increased to £120,000 by creation of 40,000 new shares; these,
however, were not issued, and at the time of the last and final reconstruction, in March, 1895, the
issued capital was still £80,000. The last reconstruction provided for 40,000 shares being given to
the old shareholders—being one new share for every two old ones—40,000 shares set aside for working
capital were guaranteed by the South African Trust and Finance Company at 308. per share,
realizing £60,000. 20,000 shares were given as purchase price for 30 deep level claims adjoining
the Company’s property, and 40,000 shares are held in reserve under option to the guarantors of
the working capital at 30s. per share for eighteen months from day of reconstruction of the
Company. Total capital supplied (May, 1895) £100,722 128.
ACCOUNTS AND FINANCE—The accounts of the New Aurora West Company were made up half
yearly to June 30 and December 31 respectively. At the close of 1894, however, the reconstruction
into the Aurora West United Company was pending, and the mill having been shut down in the
meantime owing to the backward state of mine development, the accounts were not closed at Decem
ber 31, 1894, but were left in suspense awaiting the liquidation of the old company and the inception
of the new. The last accounts are therefore those closed on June 30, 1894. The debts of the New
Aurora West Company, not exceeding £30,000, were discharged by the new Company out of the
fresh working capital supplied. Extracts from balance-sheet and profit and loss account of the
New Aurora West Gold Mining Company, Limited, as at June 30, 1894.
Balance-sheet.
Liabilities. £ 8. d. Assets. 1:‘. s d.
To Capital £120,000 0 0 By Property 41,121 0 0
Less reserve 40,000 0 0 ,, Rent paid in advance 3,200 0 0
———~-—*— 80,000 0 0 ,, Permanent works 5,851 8 5
,, Sundry creditors 1,064 19 5 ,, Machinery and plant 36,503 1 10
,, Dividends unpaid 84 10 0 ,, Tools and appliances 266 3 10
,, Standard bank overdraft 131 7 5 ,, Buildings 2,720 15 4
,, South African Trust and Fi- ,, Furniture 58 8 2
nance Company, Limited— ,, Live stock 162 14 0
Advances 24,234 15 11 ,, Preliminary charges 1,379 15 7
,, Mine development 3,769 8 9
,., Standard Bank — dividends
unpaid 84 10 0
,, Stores 3,173 18 10
, ,, Sundry debtors 1,448 1 5
1 ,, Gold under realisation 1,082 3 4
,, Cash at mine 16 13 7
,, Balance loss 4,677 9 8
£105,515 12 9 £105,515 12 9
12 WITWATERSRAND MINES.

Profit and Loss Account.

Cost per ton.
s. 11. Dr. . £ 8. d.
12 4722 To Mining, 11,016 tons 6,826 6 10
3 6-993 ,, Milling 11,016 tons 1,973 7 4
1 11-991 ,, Hauling and pumping 1,101 3 11
4050 ,, Transport .. 185 18 4
1 7429 ,, Maintenance 891 16 1
5 0109 ,, Cyanide works expenses, 8,607 tons 2,165 13 O
1 1929 ,, Pumping and general conservation during shutting down 639 6 9
3 3-856 ,, General expenses 1,829 7 9
3 9-000 ,, Redemption mine development 2,065 10 0
8264 ,, Reduction of preliminaries 379 6 6
2614 ,, ,, lease (half-year) 120 0 0
2 7666 ,, Depreciation ‘ 1,453 9 11
2 0019 ,, Balance profit 479 13 7
ad's-642 £20,101 0 0

Interest on capital expended on new plant 959 11 11

Balance loss last account 4,197 11 4
£5,157 3 —3

s. d. 01'. £ 8. d.
By Gold account 4,110'51 oz. 13,968 3 11
,, ,, concentrates 129-91 ,, .. 300 9 1
25 10-864 4,240-42 oz.- £14,268 13 0
10 2151 ,, Cyanide gold 1,673'33 ,, 4,380 12 8
2 0-329 ,, Tailings sold . 1,116 14 4
7298 ,, Rents 335 O 0
38 8642 £20,101 0 0

Balance rofit 479 13 7

,, oss carried forward 4,677 9 8
£5,157 3 3

The profit for the six months ended June 30, 1894, amounted to £479 138. 7d. This was
absorbed by interest paid on advances required for the acquisition of new plant, the Company being
indebted at that time for about £25,000, and the debit-balance carried forward being £4,677 98. 8d.

Revenue and Profit and Loss since Milling operations were started.

I p I 1

Gold account, ln- , Revenue from 1 Profit

Period. 1 cludiigglctlailings other somea_ , Loss. '

l 19 a. (I. ‘ £ a. (1 £ a. (1. £ a. d.
Ended May31,1892 17,237 411 ‘ _ 1,223 17 6 _
,, December31, 1892 31,693 13 5 1 59 14 9 , 7,07919 s -
,, June30, 1893... 25,089 1511 1 51 5 0 ' 2,666 2 4 —
,, 1355515551131, 1893 16,728 9 10 1 15 0 0 _ 5,16710 10
,, June 30,1894... 19,766 0 0 1 335 0 0 — 479 18 4

‘£110,515 4 1 ‘£460 19 a ‘£10,969 19 6 1£5,047 9 2

 WITWA TERSRAND MINES. \‘ldf 1" " @151 ~ ' 13

Recapitulation. £ s. d.
Revenue from gold account 110,515 4 1
,, ,, other sources 460 19 9

Total revenue £110,976 3 10

Total amounts of profits realized 10,969—19 6

Less amount of deficit... 5,647 9 2

Actual balance of profit made £5,322 10 4

DIVIDENDS mm— — —_ £
1892. Dividend No. 1, 5 per cent. on £60,000 = 3,000
n 11 n 2’ n 11 607m) : 3a(m
1893 ,, ,, 3, ,, ,, 80,000 = 4,000
Total amount of dividends paid, 15 per cent. =£10,000
Dl-rrlms or Pnooucnos AND Gown-Milling was started in January, 1892, with the 30 stamps
taken over from the Aurora West Company; 10 additional stamps were erected and started in
February, 1893, but the 40 stamps could not be kept running at times owing to the backward state
of mine development. Cyanide works were erected of a capacity of 4,500 tons per month, costing a
total sum of £8,944 58. 11d. These works were in operation for two months only, treating, during
that time, 8,607 tons, with a result of £2,224 19s. 8d. net profit, or 58. 2'04d. per ton; while formerly
the tailings were sold at 1s. 8d. per ton. The whole reduction plant of the Company, mill and
cyanide, is capable of treating 4,000 tons per month. The mill ran only half-power during the first
four months of 1894, and was then shut down owing to lack of development. The Company
had a difference with the Rand Central Ore Reduction Company re the sale of about 50,000 tons of
tailings, and this difference was decided by a lawsuit against this Company. The Company
lost thereby the treatment of these tailings, which resulted in a loss of about £8,000. The total
amount of ore milled since production commenced amounts to about 85,000 tons, the equivalent
in tailings being 52,850 tons. Of these 8,607 tons were treated by the Company and the balance
sold.
Table showing Tonnage crushed, Yield and Coat.
‘
Period. i'l‘ons crushed;1 Yield. Yield per ton. l 0
Avgx‘igimt 81:31:;

i, 1 oz. dwt. n. d. I

Ended May 31, 1892 14,399 4,359'89 6'05 | 22 2'90 ' 30

,, December 31, 1892 23,138._¥, 8,544 7'40 1 21 3914 ' 30
,, June 30, 1893 20,567 6,172'23 61]) l 21 10263 | 30-40
,, December 31, 1893 16,269 | 4,458 5'48 26 11231 l 40—25
,, June so, 1894 10,981 I 4,240-42 7-72 l 29 7-707 1 254-10
i
Totals 85,3541 !27,774-54 6-53
The average yield is 6} dwt. over the plates, but a 25 per cent. sorting out of the rock should
raise this to 8 or 9 dwt., and at least add another 1; dwt. to the yield of the tailings. The working
cost has notably increased during the last two working periods; during the first by reason of
scarcity of native labour, smallpox epidemic, etc.; during the last by reason of the limited
production, only a limited number of stamps running during 4 months.
Table showing results of Cyanide Works.
Period. Tons treated. Total yield. Yield per ton. Cost- Profit.
Ended June 30, 1894. 8,607. 1,573'33 02. 3'83 dwt. 5s. 0'11d. 51:. 20441.
Total amount of ore milled, 85,3541: tons; tailings sold, 44,241 tons ; tailings treated by Com
pany, 8,607 tons; total amount of tailings, 52,848 tons.
DmCRIPl‘ION OF THE PROPERTY.—The original property of the Company consisted of a portion of
amynpacht leased from the Aurora Company for 20 years (lapsing in 1908), at a rental of £600 a
year (this rent was capitalised and paid off in a lump sum of £4,000). This part Of the property
consists of 39 claims, of which 10 on the outcrop of the reef and about two rows of dip claims, the
 14 WITWATERSRAND MINES.

balance being to the north of the reef. In 1892, 29 further dip claims were acquired, and in 1895
another 30 claims covering the dip of the Aurora property, making the total 98 claims, giving 1,500
ft. on the strike of the reefs. The property is situated between the Bantjes Reef and Aurora
properties on the farm Paardekraal, \Vitwatersrand. (For plan, see Volume III.)
MINING INTELLIGENCE—Th6 mine having been shut down since April, 1894, no data as to
present state of development are to hand, and could not be obtained, as the mine had gradually
filled with water. Since, however, the last reconstruction took place, the works have been
taken in hand again, and in June, 1895, the mine was pumped dry. It is the intention
to push the development actively ahead, and crushing operations will be resumed in
order to make a proper test of the grade of are available in the mine, after which adequate
machinery will be ordered and erected. The depth of the present main shaft is 294 ft. Four levels
are laid out; and about 100,000 tons of ore having been extracted. Levels 4, 5, and 6 are virgin
ground, as well as the whole of the deep levels. There are four known reefs in the property;
namely, the South Reef, Main Reef Leader, Main Reef, and North Reef. The South Reef has a
width of about 2 ft. ; the Main Reef Leader has awidth of about 5 to 6 inches; the Main Reef has a
width of about 2 ft. 6 in.
EQUIPMENT—TWO vertical shafts, 295 ft. deep, size 12 ft. x 5 ft., divided into three compart
ments, fitted with one wood and iron head-gear, 35 ft. high. One 10 in. Cornish pmnp, driven by
one 12 x 24 Tangye pumping engine. One pair of 10 in. by 8 in. Ransomes-Sims winding engine.
One 20 h.p. Ruston & Proctor boiler. One 16 h.p. Fowler & C0. boiler. On the ground are
four Hornsby multitubular 80 h.p. boilers; with Green’s economizers; one large air compressing
plant. Mill: 40 Sandycroft 900 lb. stamps, fitted with ore feeders; two Tangye’s ram pumps, the
whole driven by one Turner compound condensin engine, 20 in. and 36 in. by 24 in.; one small
auxiliary Tangye’s engine drives one Ellwell-Par er dynamo for electric light. One pair of T.
Birch’s double action plunger pumps, the whole steamed by two 80 h.p. Ruston & Proctor boilers.
Cyanide works : This plant consists of four 30 ft. by 8 ft. leaching vats, fitted with side discharge on
both sides; two solution-vats; three extracting boxes; three centrifugal pumps for solutions, driven
by one portable Robey engine. The ore is conveyed to the mill by means of an elevated tram line.
The pulp from the mill reaches, by gravitation, four settling pits, from which it is conveyed to the
cyanide works by mechanical haulage, and dumped after treatment by ordinary mule haulage.

BALMORAL MAIN REEF GOLD MINING COMPANY, LIMITED.

Formed in 1888, and re-formed in lllarch, 1895.
CAPITAL—£130,000 in £1 shares ; 90,000 shares issued and fully paid up.

London Committee.
E. Esconns, A. JACKSON, Woonr Joan, and A. R. STEPHENSON.
Consulting Engineer.
N. T. WILLIAMS.
Secretary and Head Oflice.
D. HENDERSON, Johannesburg, Transvaal.
London Secretaries and Ofli‘cc.
Johannesburg Consolidated Investment Company, Limited, 7, Lothbury, E.C.
FINANCIAL H1s'r0RY.—The capital originally was £175,000, of which £145,000 went to the
vendors, £20,000 was the working capital, and £10,000 was held in reserve. A proposal for
amalgamation with the National, Eagle, and Compton-Gardner properties was brought for
ward in March, 1890, but it was abandoned. In March, 1895, the Company was recon
structed with a capital of £100,000 by Messrs. Barnato Bros, Messrs. Lace & Tompson, and
the Anglo-French Exploration Company. Shareholders received 23,571 shares, or 1 for every
7 held; 1,429 shares were taken up by the reconstructors at par; 35,000 shares were offered to
the shareholders r0 rata- (in the proportion of 7 for every 33 shares held), and the guarantors of
the mine receiv an option at par for 15 months over the remaining 40,000 shares. The working
capital provided for the new Company was £36,429, increased by the exercising of the option to
£76,429. In July, 1895, the capital was increased to £130,000, the 30,000 new shares being issued
in payment for the 35 claims formerly belonging to the Gardner Main Reef Gold Mining Company.
The shareholders in the latter sold their property in February, 1895, for £16,500, £8,000 of which
 WITWA TERSRAND MINES. 15

paid off liabilities, and the balance sufliced for a return of 4s. per share in cash to the Gardner share
olders, who are consequently not interested in the present Company.
PROPERTY.—95 claims (some of which are north of the reef) on the farm Driefontein, Wit
watersrand, between the Witwatersrand (Knight’s) and the Driefontein Consolidated Companies.
The original Balmoral property consisted of 60 claims, forming part (the eastern end) of the
Witwatersrand Gold Mining Company’s mynpacht. This property extends for 1,800 ft. on the
strike of the reef, by 2,000 ft. across, consisting of 5 rows of 12 claims each. The Gardner
property consists of 35 claims, including 10 (1,500 ft.) on the outcrop of the reef, 9 on the dip, and
16 north of the reef. For details of reef claim area, see the plan in Volume HI.
ACOOUNTS.—-None have yet been issued by the new Company. The last accounts of the old
Company, dated June 30, 1894, showed a cash balance of about £1,500.
MINING INTELLIGENCE—F01‘ several years the property was left unworked. The de
velopments on the Knight’s property on the west and on the East Rand Proprietary Mines
on the east were so encouraging that the reconstructors mentioned above secured an option
to reconstruct the’ Company in October, 1894. During the continuance of the option pro
specting was actively carried on, resulting in the discovery of the Knight’s South Reef, and the
option to reconstruct was exercised in March, 1895. On June 21, Mr. N. T. Williams, the
consulting engineer, made the following report to the directors: “ In accordance with your
request, I herewith submit to you the following report of work done on your property since the
commencement of operations on October 28, 1894; also proposed plan of mining operations for
development, combined with the Gardner Main Reef property. Resume of work done—Prospecting .'
A trench was cut 65 ft. from the eastern boundary, 100 ft. in length and 9 ft. in depth, which
proved that the reef was very heavily capped. A prospecting shaft was then sunk, 35 ft. from the
eastern or Gardner boundary, and 450 ft. from the southern‘ boundary, to a depth of 70 ft. The
cap of the reef was struck in this shaft at a depth of 32 ft. It was about 10 in. wide, the average
to the bottom of the shaft being 12 in., with an estimated milling value of 10 dwt. per ton. An
influx of water occurring, sinking was stopped, and driving commenced on the reef east and west
at a depth of 65 ft. 45 ft. was driven on the lode, which at this point was fairly well defined, but,
owing to close proximity to the eastern boundary, mining operations were suspended at this point.
ll’estern Section: In consequence of such encouraging results being obtained from the eastern
shaft on Knight’s property, a main shaft was started about 300 ft. from the western boundary, and
continued in depth to 100 ft. This reef, which can be assumed to be the North Reef, was poor,
and after driving 20 ft. on same, a cross-cut was started north in the expectation of discovering the
Bastard and North Reef. Not encountering same, a cross-cut was driven 75 ft. south, when a
continuation of the South Reef was met with. This reef has been driven on for a distance of
75 ft. east and 80 ft. west, in addition to which a winze has been sunk to a depth of 51 ft.
Throughout the driving and sinking this reef has averaged fully 4 ft. in width, with an estimated
milling value over the plates of 14 dwt. per ten, the average of samples by fire assay being 25
dwt. The leader in the winze and drives averages about 10 in. in width, and has an assay value
of 3 oz. 4 dwt. In the east drive a dyke was met with at 75 ft. from the cross-cut: this dyke is
135 ft. in width. Prospecting operations were then commenced on the surface, and in about 12 ft.
of sinking the reef was intersected, since which two shafts have been sunk respectively to 57 ft.
and 46 ft., and the reef in both averages 4 ft. in width, with approximately the same milling value
as ascertained by both panning and assay results. From the strike of reef no faults or dykes need
be apprehended between this and the reef opened in the Gardner, as the trend is in direct bearing.
Gardner and Main Reef property .' From all possible data the Gardner gold mine has yielded good
and highly remunerative banket, as is evidenced by the following statistics of the working of the
mine. First Level: East drive, average width, 2 ft., east drive, average assay, 1 oz. 17 dwt.
4 gr.; west drive, average width, 1 ft.; west drive, average assay, 2 oz. 3 dwt. 4 gr. Second
Level: East drive, average width, 4 ft. 3 in. ; east drive, average assay, 1 oz. 3 dwt. 4 gr. ; west
drive, average width, 4 ft. 3 in. ; west drive, average assay, 1 oz. 9 dwt. 5 gr. Milling returns :
Average results over the plates, 8'40 dwt. per ton; average result of 22 samples from tailings, 7
dwt. 12 gr. per ton. From these results, which have proved your property to be one of undoubted
value, the immediate sinking of two incline shafts is recommended; the No. 1 shaft to be sunk
about 500 ft. from the western boundary, and the No. 2 to be sunk approximately behind the old
vertical shaft of the Gardner Company. These shafts to be 15 ft. by 5 ft. divided into two hauling
and one footway and pumping compartments. Making a cursory survey of the roperty, these two
shafts would be sufficient to exploit the mine, with the exception that an ditional one might
possibly be required on the eastern side of the transverse dyke that occurs in the Gardner.
Crushing plant .' Immediately these shafts have got well into the blue or pyritical zone, I advise
the erection of a 50-stamp mill, together with the necessary cyanide plant for the treatment of the
tailings.”
I6 7V1 TPVA TERSRAND MINES.

BANKET GOLD MINING COMPANY.

Formed in 1887.
CAPITAL—£120,000 in £1 shares: 107,500 shares issued and fully paid up.
Directors.
J. FRIEDLANDER, G. RICHARDS, H. W. Mums, and W. HUME.
Secretary and Head Ofice.
D. RINTOUL, Goldfields of South Africa Buildings, Johannesburg, Transvaal.
FINANCIAL Hxs'rosr—Origimil capital, £120,000, of which £20,000 formed the working
capital. In 1888 the capital was increased to £200,000. The increased shares were issued for
£20,000 and 12 claims. In February, 1889, the capital was increased to £300,000. These 100,000
shares have never been issued. In February, 1890, the Company sold 30 claims for 50,000 Oriel
shares and £20,000 cash to a Company bearing that name. In 1891, the debts amounted to
£11,000. The mortgagees had the right to reconstruct the Company with a capital of £45,000,
giving shareholders 20,000 shares, viz. 1 for 10. In September, 1894, an agreement was entered
into with Mr. T. Falck, whereby this Company gave him the right of working the property for 12
months, from August 1, 1894, on payment of £80 per month, together with the right of recon
structing the Company on the following basis : To reduce the capital from £200,000 to £20,000, and
then to increase the capital by £100,000 to £120,000, distributed as follows: To old shareholders
(viz. 1 in 10), £20,000; to Mr. T. Falck for providing £45,000, £85,000; reserve, £12,500; bonus
to reconstructor, £2,500; total, £120,000. Mr. Falck has exercised his option, and the Company
was reconstructed on the above lines in July, 1895. Of the £45,000 new working capital, £15,000
goes towards paying 011' the liabilities of the Company, not exceeding £15,000. The 12,500 reserve
shares are under option at par to the reconstructor. Of the 85,000 shares which the reconstructor
receives for supplying £45,000, shareholders of the old Company had the right of applying,
during a period 0 60 days, reckoned from July 27, 1895, for 10,000 shares at 138. 6d. per share,
being at the rate of 1 share for 20 existing ones. The old shareholders in the Banket Gold Mining
Company therefore received 1 new share for every 10=20,000 shares, and had the right to apply
for 1 new share at 138. 6d. for every 20 old shares.
PROPERTY.—Consists of 2 blocks of claims, one containing 52 claims, and the other 36, on the
Main Reef series. The distance between the 2 blocks is 500 ft. to 600 it. For plan, see Volume III.
BA'l'l‘ERY.—Th6 Company has a 20-stamp Sandycroft mill.
MINING INTELLIGENCE.——The mine is worked by means of 4 vertical shafts and 4 inclines, con
nected by an edit level, from which all the ore is taken to the mill. The reef dips at an angle of
25°. Owing to its faulted nature, mining operations are complicated, and up to the present time
have not proved of a very paying character. Under the new reconstruction scheme, it is con
templated to re-start work on an extensive scale. There are no hauling appliances, the ore at
present being obtained from the edit level.
PRODUCTION.-—The later production is the result of work by tributors.

Mill.
, Period. Crushed. Yield. ‘ value
tous. i oz. if - £1

1889 _ 1,050-2 4,050

1890 2,450 456-10 1,598
1891 __ 1,776-7 6,235
1892 15,585 2,609-8 9,221
1893 4,820 1,213-19 3,966
H 1894 3,838 1,347-15 4,90?
to_June 30, 1895 7,119 ‘ 2,049'14 7,589

1 1050228 37,557

1892-5.—Average per ton, 4'59 dwt. Average value per ton, 218. 4d.
 WITWA TERSRAND MINES. 17

Cyanide.
Period. n D W Treated. Yield. Value. —

V,.__,__.,, n i , in __ , L, ,, W
1 oz. oz. 2'.
1894 ; 8,465 1,682'10 5,080
to June 30, 1895 1 7,816 1,817'15 5,722

' 16,281 3,500-5 10,802

Average per ton, 4'29 dwt. Average value per ton, 13s. 3d.
The property has therefore produced 14,006 oz. of gold, realising £44,309; the extraction amount
ing to 4'89 dwt. in the mill, and 4'29 dwt. on Cyanide operations: or to 8'88 dwt. in all, while the
value was £1 14s. 7d. per ton.

BANTJES CONSOLIDATED MINES, LIMITED.

Formed in September, 1895.
CAPITAL—£435,000 in £1 shares ; 375,000 shares issued and fully paid up.
Ilmd Oflicc.
Johannesburg, Transvaal.
CAP1TAL.—Appropriation : The vendors receive 315,000 shares, of which 118,750 shares go to
the Bantjes shareholders. For working capital 60,000 shares are issued at 508. per share, of which
Bantjes shareholders have the right of applying for 23,750 shares at 50s. The whole issue has
been guaranteed by Messrs. S. Neumann & 00., who, in consideration of this, have a twelve months’
option over the 60,000 reserve shares at 603. per share. The working capital, when the reserve
shares are taken up, will therefore be £330,000.
PROPERTY.—The properties taken over are :—
Bantjes Company property equal to about 211'51 claims area.
Sixty Syndicate ,, ,, 59-98 ,, ,,
Odessa Company block ,, ,, 59-05 ,, ,,
Vogelstruis Consolidated Deep, Limited ,, ,, 25'84 ,, ,,
Odessa Deep Level block ,, ,, 47-02 ,, ,,
South Deep Levelv ,, ,, 17'52 ,, ,,
United Syndicate .. ,, ,, 15'34 ,, ,,
Niederlandsche Bank ,, ,, 89-52 ,, ,,
C. R. Kehler ,, ,, 98-91 ,, ,,
H. C. Hull ,, ,, 86-55 ,, ,,
Sundry claims ,, ,, 17'87 ,, ,,

Total claim area of new Company... 7291 Main Reef claims.

The above holdings represent the exact Main Reef series area. In addition thereto the Com
pany owns a considerable extent of ground north of the reef. For further particulars regarding
the locality of the blocks see the plans in volume III.
GENERAL REMARns—Mr. J. Donald has taken over the management of the Company, and
work will be commenced without delay. It is understood that Mr. Hennen Jennings will act as
consulting engineer to the new Company. The Company owns a very extensive claim area, and the
new works will be laid out on a proportionately large scale. Attention must be directed to the fact
that the Odessa block was formerly the property of a Company, with a capital of £95,000, with a
working capital of £15,000. This amount was spent in putting down a main vertical shaft to a
depth of 168 ft., at which depth the South Reef was struck, having a width of 1 ft. 6 in. Assays
gave results from a few dwt. to several ounces. Another vertical prospecting shaft was put down
80 ft. Some work has also been done on the block generally described as “ Niederlandsche Bank
Block.”

VOL. I. C
 18 W1 TWA TERSRA ND MINES.

BANTJES REEF GOLD MINING COMPANY, LIMITED.

(NOW BANTJES CONSOLIDATED MINES, LIMITED.)
Formed in Sepfmnber, 1887.
CAPITAL—~£95,000 in £1 shares ; all issued and fully paid up.
Directors.
D. J. HAARHOFF, L. BREITMEYER, H. Rosmow, and L. REYERSBACH.
London Committee.
0. RUBE, M. MICHAELIS, and M. LILIENFELD.
Secretary and Head Ofice.
S. STOKE, Kimberley, Cape Colony.
London Secretary and Oflice.
J. SEEAR, 16, George Street, St. Swithin’s Lane, E.C.
FINANCIAL HIsToRY.-Capital : Appropriation : The vendors received £70,000 in shares, and
£25,000 was provided for working capital. In December, 1888, the mynpacht on Langlaagte (now
a portion of the New Croesus Gold Mining Company’s property) with 16 claims, was sold for £60,000
cash. Therefore the total funds available were £85,000. Of this the Company, in September, 1894,
had about £12,000 in hand. The receipts for the year ending June, 1894, amounted to £1,353, and
the expenditure to £2,469. An amount of £345 was spent on tree plantations. 50 acres are under
cultivation, and 30,000 trees are growing.
SALE OF Assrrrs—A scheme was proposed for the consolidation of all the ground surrounding
the Bantjes property, including the 60 Syndicate block and the Odessa and Odessa Deep Level.
Company was formed under the name of the Bantjes Consolidated Mines, Limited, having a
capital of £435,000, of which 120,000 shares were set aside for working capital, and 315,000
shares were distributed amongst the respective claim-holders. Under this scheme Bantjes share
holders received 118,750 shares in the Bantjes Consolidated Mines, Limited, which was at the rate
of 5 Bantjes Consolidated for 4 Bantjes shares. 60,000 shares of the working capital were issued at
508., of which Bantjes shareholders had the right of applying for 23,750 shares, at 508. per share,
up to September 30, 1895, or at the rate of 1 Bantjes Consolidated for 4 Bantjes shares. The cash
assets 0 the Bantjes Company were retained, but all the other assets were transferred to the
Bantjes Consolidated Mines. This scheme was submitted to shareholders on August 21, 1895, and
unanimously accepted by them. A confirmatory meeting was called for the first week in September,
at which the scheme was ratified and confirmed. The following shows the position of the old and
the new shares : Holders of 100 Bantjes shares were entitled to 125 Bantjes Consolidated shares ;
holders of 100 Bantjes had right of applying for 25 Bantjes Consolidated shares, at 50s. per share ;
holders of 100 Bantjes shares with rights received 150 Bantjes Consolidated shares. Taking the price
of Bantjes shares at £75, their position in the new Company would stand as follows : 100 at £7§ =
£750; 25 Bantjes Consolidated at 508.=£62 103. Total, £812 103., which is now represented by
150 Bantjes Consolidated shares, costing £5 83. 4d. per share. (For further particulars see Bantjes
Consolidated Mines, Limited.)
DIBCRIPTION OF THE PROPERTY.—A block of 13 amalgamated claims on the Main Reef series,
between the Aurora West mine to the east and the Vogelstruis mine to the west. The Company
also owns 3 mynpachts. One mynpacht of 50 morgen is situated on the one side of the Bantjes
spruit; and one mynpacht, of the same extent, is situated on the other side of the spruit. These
are situated on the Main Reef series. One mynpacht of 61 morgen is situated on the Bird Beef
series, south of the Main Reef series. The length of the line of reef on the Main Reef series,
between the eastern and western boundaries, is some 6,850 ft., 1,950 ft. being on the 13 claim block,
2,600 ft. in the north-east mynpacht, and 2,300 ft. in the north-west mynpacht. About 8 or 5)
miles west of Johannesburg, on the farm Vogelstruisfontein. Nearest coaling station, Florida,
about half a mile away.
WORKINGs.—13 claim block: 2 incline shafts down 130 ft. and 120 ft., respectively. The first
is on a dip of 28° to 110 ft., and 20 ft. at 40° ; the second on a dip of 30°, connected by a drive at a
depth of about 50 ft. (vertical). Now under water. Only 100 tons extracted; none milled. As
seen near surface, the reef consists of three 15-in. seams, separated by bands of sandstone. East
mynpacht: Main incline shaft down to 230 ft. on the South Reef, following its dip (average 40°).
_Water partly fills it. The reef at the bottom is said to be 18 in. wide, while it is only a few inches
hear surface. 114 ft. driven on reef at 50 ft. level, average width, 3 in. One foot in thickness of
reef and sandstone, carefully sampled, gave 3 oz. 16 dwt. fire assay, and 1 oz. 8 dwt. milling assay.
Crosscut at 50 it. shows Main Reef to be 7 ft. wide, but it only gives a few dwt. Small vertical
 WITWA TERSRAND MINES. 19

shaft south of main incline shaft, connected by crosscut south. Several old prospecting shafts
further west were abandoned over a year ago. West mynpacht: There are two adit levels from
the vlei west into the hillside, on Main Reef and South Reef; the former to western boundary,
the latter to beyond main shaft workings. Between these drives and surface the reefs have been
stoped, giving the chief supply of ore to the mill. Main Reef averaged 6 ft. wide, of which 3 ft.
was stoped. South Reef averaged 1 ft. wide. Main shaft, 4.1; x 12 ft. clear down to 120 ft. level.
Hard blue rock met with at 60 ft. Crosscut to Main Reef at 120 ft., showing width to be 18 ft.
wide. Drives 286 ft. at this level on leader and hanging-wall of Main Reef. Rock very hard.
Reef assays from 8 to 18 dwt., milling from 5 to 12 dwt. South Reef followed below 50 ft. level
by incline winze; depth, 60 ft. Dip of reef at bottom, 55°. Assays 7 dwt. Drive on South Reef,
west of main shaft, from No. 4 shaft, 141 ft. The reef was 3 in. wide, and gave encouraging pan
tests. 100 morgen mynpacht (south of Main Reef series): Two incline shafts down 32 ft. and
30 ft., and 3 vertical shafts down 70 ft., 62 ft., and 47 ft. Reefs, probably Bird series, 4 to 5 ft.
wide, dipping 30° to 40° south, blue at about 50 ft., and assaying at bottom 4 to 7 dwt. Other
outcrops exist belonging to the lower grade series.
PLAN'L—20 stamps (Fraser 8t Chalmers), engine (Corliss) and boiler, 4 Frue vanners (Fraser &
Chalmers), 2 ordinary silver grinding pans, one 12 h.p. hoisting engine, with independent pumping
gear and double drum, one 12 h.p. locomotive boiler, one 4 in. x 3 in. x 12 in. steam pump, 2 skips
with head-gear, 1 Robey &. Co. combination hoisting and pumping engine, 6 in. drum, 6 in. bucket
pum and pit work, iron head-gear, 20 ft. high, 2 hoisting cages, engine house, No. 1 shaft, one 8
h.p. ocomotive boiler, 1 steam pump, 4 in. x 3 in. x 12 in., one 4 h.p. locomotive boiler, mining im
plements, rails, trucks.
BUILDINGS AND SURFACE WORKs.-—Manager’s and other houses, white miners’ and Kafiirs’
quarters, store, etc. Dam, tram-lines from workings to mill.
GENERAL REMARKS—Th6 moment the transfer of the Company’s assets to the new Company
has been effected the Company will go into liquidation.

BARRETT'S RIETFONTEIN SYNDICATE, LIMITED.

Formed in 1895.
Directors.
0. DE'I'I‘ELBACH, S. B. Joan, G. 1111201111, R. GOLDMANN, and G. HAMILTON.
Head Oflice.
Johannesburg, Transvaal.
DESCRIPTION or THE PRornR'rY.—The Company owns the portion of the farm Rietfontein
adjoining the New Rietfontein Estate Gold Mines on the west. The portion is known as Barrett’s
portion. (For plan, see Volume III.).
DEVELOPMENT—Several boreholes and prospecting winzes have been sunk. Several parties
prospected the ground under contract with the syndicate without any satisfactory results. A
township was laid out on the Company’s property in June, 1894. The stands, however, were
reserved from sale. All work has been abandoned for the present.
FINANCIAL POSITION.—-The Company at the end of 1894 had a cash balance of about £2,500.

BENONI CLAIM GOLD MINING AND EXPLORATION SYNDICATE, LIMITED.

Formed in June, 1893.
CAPITAL—£75,000 in 750 shares of £100 each ; issued, £60,000 (i.e. 600 shares of £100 each).
Directors.
GEORGE FARRAR (Chairman), ABE BAILEY (alternate J. G. Gunner), C. S. GOLDMANN (alternate
H. J. KING), S. W. Jameson, and W. DALRYMPLE. \

Head Oflice and Secretary.

W. DALRYMPLE, Johannesburg, Transvaal.
London Agents and Ofiiee.
AnglmFrench Exploration Company, Limited, 170-3, Winchester House, Old Broad Street, E.C.
FINANCIAL HIsTORY.——~The Company was formed with a capital of £75,000 in 750 shares of
£100 each. 600 were issued, and the balance, viz. 150, held in reserve. 450 shares were allotted
2O WITWA TERSRA ND MINES.

to the vendors in payment for certain assets, and 150 were subscribed at par to provide working
capital, viz. £15,000.
PROPERTY AND Assms—The Company obtained the refusal to reconstruct the present New
Kleinfontein Company, which was exercised at the time. This also refers to the options over the
Ginsberg and Beppo blocks. The Cameron and Spartan block was also under option at the start,
but it was not exercised. The following gives the list of the claims originally owned by the Com
pany: 40 claims, known as Rogers’ block, on Benoni; 48 claims, known as Wentzel block; 20
claims, known as Union block; 17 claims, known as Schneider’s block ; 7 claims, known as Black
block; 2 claims, Nos. 320-1; 12 claims, Hope; 12 claims adjoining Hope; 30 claims, Emperor;
2 claims, portion of Beppo block; 6 claims, 80 claims. The options held were as follows : Options
on 112 claims on Benoni, known as Ginsberg block; options on 88 claims on Benoni, known as
Cameron block; options on 66 claims on Benoni, known as Spartan; options on 30 claims on
Benoni, known as Beppo and Beppo Extension. In all, the Company became possessed of 327
claims, which have been disposed of as follows :—
92 claims sold to New Kleinfontein Company for 60,000 New Kleinfontein shares.
63 ,, ,, Chimes West Gold Mining Company for 43,500 shares in that Company.
172 ,, ,, Benoni Gold Mines for 103,725 ,, ,, ,,

207,225 shares.

New Klcinfontein Gold Zllining Company: The Benoni Syndicate, as above, received 60,000
Kleinfontein shares for 92 claims. Of these, 30,000 have been sold, realising £150,000, out of which
the first dividend of £250 per share was declared in May, 1895. 32,756 shares (including 2,756 of
the original reconstruction) are in hand.
Chimes West Gold Jllin-ing Company (see Chimes West Gold Mining Company): The capital
is £200,000, consisting of 123 claims, viz. :—

23 claims of the Chimes Company, viz. Florence block.

37 ,, ,, Chimes Deep Level, now Kleinfontein Central Gold Mining Company.
63 ,, ,, Benoni Exploration Syndicate.

123 claims.

100,000 shares went to the vendors, of which the Benoni Syndicate had 43,500 shares. £
50,000 shares working capital were issued at 228. 6d., giving . 56,250
50,000 shares are held in reserve, of which 25,000 are under option for 9 months at 255. 31,250
and 25,000 shares, at 278. 6d., for 15 months 34,375

Giving a total working capital of £121,875

In the above guarantee of the working capital the Benoni had a 20 per cent. interest=5,000 at
258. and 5,000 at 27s. 6d. The Syndicate’s total holding in the Chimes West is therefore: 43,500
shares, and option on 10,000 shares ; total, 53,500.
Benoni Gold Mines, Limited .' Consisting of 292 claims; capital, £200,000. Vendors receive
154,875 shares, of which the Benoni Syndicate had 103,725 shares; working capital, 45,125,
issued to vendors at 258.; reserve, 50,000, under option to vendors for 15 months at 303. The
Benoni Syndicate subscribes 30,125 shares of the working capital, and has an option on 33,000
shares at 258. The Benoni Syndicate therefore holds 133,850 Benoni Gold Mines shares and an
option on 33,000 Benoni Gold Mines shares; total holding, 166,850 shares.
Chimes Deep Level: This Company has a capital of £120,000, and own 105 claims, 37,500
Chimes West shares in exchange for 23 claims, and £2,500. The Benoni Syndicate holds 6,825
shares. This Company has sold all its assets to the Kleinfontein Central Gold Mining Company,
and receives in exchange for these 162,666 Kleinfontein Central shares. This gives about 135
Kleinfontein Centrals for every 100 Chimes Deep Level shares; therefore the above 6,825 shares
represent about 10,219 Kleinfontein Central shares.
PRESENT Assm's AND LIABILITIEs.—Assets: Cash on hand, June 1, 1895, about £5,000.
32,756 New Kleinfontein shares ; 53,500 Chimes West shares; 166,850 Benoni Gold Mines shares ;
about 10,219 Kleinfontein Central shares.
 WITWATERSRAND MINES. 21

Liabilities. £
5,000 Chimes 7West, to be paid for at 258. 6,250
5,000 ,, ,, ,, 27s 6d. 6,875
30,125 Benoni Gold Mines shares at 258. per share 37,656
33,000 ,, ,, 308. ,, 49,500
Total liabilities £100,281

Acconms— Balance-sheet for year ending May 31, 1895.

Liabilities. £ 8. d.
To Capital account .. £75,000
Less reserve 15,000
——-- 60,000 0 0
,, Sundry creditors 7 2 0
,, Distribution account—amount not applied for 25,250 0 0
,, Balance . 20,061 13 1

£105,318 15 1

Assets. £ 8. d.
By Property account £52,000 0 0
Less 92 claims sold for 60,000 New Klein
fontein fully paid up £1 shares 15,000 0 0
(The balance of property held by Syndicate —~-——— 37,000 0 0
now amounts to 235 claims.)
,, Share account—
32,756 New Kleinfonteins at 208. 32,756 0 0
6,825 Chimes Deep Levels, at cost 7,600 0 0
_-——- 40,356 0 0
,, Sundry debtors 333 0 6
,, Cash at Standard Bank-—
Current account 2,379 14 7
Distribution, No. 1 account 25,250 0 0
27,62914 7
£105,318 15 1
Profit and loss account for twelve months ending May 31, 1895.
£ s. d. 1 £ 8. d.
To Charges— By Interest account 855 17 9
Licenses, prospecting, etc. 1,707 11 6 ,, Profit on New Kleinfontein
,, Balance 166,184 5 8 shares 167,035 19 5

£167,891 17 2 £167,891 17 2
,, Distribution No. 1, of £250——__“_ _ ,, Profit from previous year"? 7V5

per share .. 150,000 0 0 ,, ,, above year

,, Balance carried forward to brought down 166,184 5 8
next year 20,061 13 1

£170,061 13 1 £170,061 13 1

DIVIDENu—A dividend of £250 per share, (£150,000) was declared on shares registered on
May 15, 1895.
GENERAL REMARKS.—The Company having exchanged all its claim assets for shares in other
com anies, the question that at some future date requires discussion is whether these assets shall
be istributed and the Syndicate liquidated, or whether the Syndicate shall continue to exist
and acquire, when opportunity arises, new assets. A further dividend will be declared and paid
this year.
22 WITWA TERSRA ND MINES.

BENONI GOLD MINES, LIMITED.

Formed in August, 1895.
CAPITAL—£250,000 in shares Of £1 each ; 200,000 issued and fully paid up.
Directors.
GEORGE FARRAR, W. DALRYMPLE, J. G. CURREY, and H. .1. KING.
FINANCIAL HIsTORY.—C'apital, Appropriation :—
Benoni Claim, Gold Mining and Exploration Syndicate for 172 claims = 103,725 shares.
Cameron block ,, 88 ,, = 48,750 ,,
Kemp block and G. F. Syndicate ,, 32 ,, = 2,400 ,,

292 ,, = 154,875 ,,
Working capital subscribed at 258. by the vendors, as
follows—
By Benoni Syndicate 30,125 ,,
,, Cameron block 15,000 ,, = 45,125 ,,

Issued capital £200,000 ,,

The working capital was guaranteed, and in consideration for this guarantee the option for 15
months at 30.9. was given to the guarantors over the 50,000 reserve shares, in the proportion of
33,000 shares in the case of the Benoni Syndicate, and 17,000 in the case of the Cameron block.
DESCRIPTION OF THE PR0PER'rr.—Consists of 292 claims situated on the proclaimed farm
Benoni, bounded on the east by the Chimes West. It adjoins the Western Kleinfontein on the
south. (For plan, see Volume III.).
DEVELOPMENT.—N0 work has yet been done on the property, but active developments are
being started.
GENERAL REMARKS. —The amount of working capital, as soon as the option on the reserve shares
has been exercised, will be £137,500.

BLACK REEF PROPRIETARY COMPANY, LIMITED.

Formed in 1895.
CAPITAL—£150,000 in £1 shares ; 125,000 shares issued and fully paid up.
Directors.
CHARLIE RUPING (Chairman), G. IMROTH, E. BRAYSHAW, F. SPENCER, and M. LANGERMAN.
London Committee.
S. SCHWABACHER, H. ROGERS, and M. LILIENFELD.
Secretary and Head Oflice.
F. W. DIAMOND, Johannesburg, Transvaal.
London Secretary and Ofiice.
JOHN SEEAR, 16, George Street, St. Swithin’s Lane, E.C.
CAPITAL—The Company was formed with a capital of £150,000, with the object of acquiring
certain claims from Messrs. Imroth & Langerman. The capital was apportioned as follows:
Issued to the vendors, 100,000 shares; subscribed at par for working capital, 25,000 shares ; held
in reserve, 25,000 shares.
ACCOUNTS—The accounts will be made up yearly to January. No accounts have been as yet
issued.
PROPERTY.—The property consists of 1,150 claims on the farm Roodekop (Mulder’s and Viljoen’s
portions), adjoining the Minerva Gold Mining Company on the east.
MINING.—The property is situated on the Black Reef, 6 miles south-east of Johannesburg. It
adjoins the Minerva Gold Mining Company. Prospecting operations have lately been started, and
three shafts are now being sunk. The Company owns several water-rights.
 WITWA TERSRA ND MINES. 23

BLOCK "A" RANDFONTEIN GOLD MINING COMPANY, LIMITED.

Formed in Scptmnbcr, 1895.
CAPITAL—£600,000 in £1 shares ; 480,000 shares issued and fully paid up.
Head Ofiicc.
Johannesburg, Transvaal.
London Secretary and Oflice.
J. ROBERTSON, 8, Prince’s Street, E0.
CAPITAL APPROl’RIATIOX.—The shares were apportioned as follows :—
400,000 were paid to the Robinson Randfontein Gold Mining Company, Limited, for the
property.
75,000 were sold for cash at £1 each.
75,000 are under option for four and six months at 22s. 6d. and 253. respectively.
5,000 commission.
45,000 are held in reserve.

PROPERTY.—The property acquired consists of the northern portion—nearly one-half——of the

ground belonging to the Robinson Randfontein Gold Mining Company. The number of claims is
about 130 or 135. The property is situated on the farm Uitvalfontein, West Rand. The Robinson
Randfontein Gold Mining Company adjoins on the south, and the Mynpacht Randfontein Gold
Mining Company on the north. For further particulars see the remarks on the Robinson Randfon
tein included in the notice of the Randfontein Estates Gold Mining Company.

BLOCK “5" LANGLAAGTE ESTATE GOLD MINING COMPANY, LIMITED.

Formed ‘in 1889.
CAPITAL—£632,500 in 550,000 ordinary and 82,500 preferent shares of £1 each; 535,000 ordinary,
and all of the preferent shares, issued and fully paid up.
Directors.
J. B. Rosixson (Chairman), J. W. S. LANGERMAN (Vice-Chainnan), MAURICE MARCUS, JAnn;
FERGUSON, and R. LILIENFELD.
London Agents.
SIMON MARCUS and J. H. Burr.
Manager. Transfer Secretary.
ADAM WATSON, Johannesburg. J. H. TILEY.
Secretary and Head Oflice.
G. BINGHAM, Bobinson’s Buildings, Johannesburg.
London Secretary and Oflice.
J. ROBERTSON, 8, Princes Street, E.C.
CAPITAL CHANGI-B.——The original capital of the Company was £550,000 wholly in ordinary
shares. In 1892, 82,500 prel'erent shares were created, entitled to 8 per cent. dividend before the
ordinary, and ranking equally with the latter after 8 per cent. has been paid on both classes. This
brought the total nominal capital of the Company to £632,500.
Appropriation of Capital and total Working Capilal supplied. £ d
s. .
The vendors, the Langlaagte Estate and Gold Mining Company, received 450,000
And shares,
70,000 shares
while 30,000
held in shares
reserve;
were
of which,
sold at in
408.
1890,
per25,000
share were disposed of at 25s. 60,000 0 0
Leaving
and 30,000
15,000 at
shares
278. per
in reserve.
share When the preferent shares were issued only 71,750 0 0
71,174 were realised at par... 71,174 0 0
Leaving 11,326 in reserve at the time. These were disposed of towards the end of
1894 at par 0
_11,32§_’_0
Total capital supplied £214,250 0 0
Premium realised on shares sold 0 0
1:4 WITWA TERSRAND MINES.

_ACCoUNTs AND, FINANCE—Accounts are made up annually to December 31.

Balance-sheet, expenditure and revenue statement, and profit and loss account, as at
December 31, 1894 :—
Balance-Sheet.
Liabilities. , Assets.
:6 s. d. £ 8. osmw wmwmom og
To Capital account 550,000 0 0 By Property account . . 450,000 0
,, Less reserve shares 15,000 0 0 ,, Buildings 13,702 17
—- ,, Cyanide works 20,773 19
£535,000 0 0 ,, 80-stamp mill 30,121 15
,, Preferential shares... 82,500 0 0 : ,, Machinery and plant 39,387 3
,, Sundry creditors 5,670 9 9 ,, Furniture and safes 344 4
,, Loan account— ‘ ,, Live stock and vehicles 766 10
J. B. Robinson 20,000 0 0 ' ,, Stores ..-. 1,463 1
,, Mine development 13,902 10
’-A
,, Sundry debtors 1,683 ‘3
U‘UU‘Q
,, Bearer warrant scrip 326
,, Gold in transit 8,319
,, Cash in hand 18,095
,, Profit and loss account
balance 44,283

£643,170 9 9 am w, I
Q0

Expenditure and Revenue Statement for 12 months ended December 31, 1894.
Dr. .6 s. d. Cr. .8 (1.
To- Mine account 31,174 15 10 By Bullion—
,, Hauling and pumping 6,315 14 0 “>903
21,846'4 ozs. from mill 79,628 14
,, Mine development 15,885 11 0 11,121'8 ,, tailings 32,104 10
,, Mining expenses 10,892 19 3 2,556'7 ,, concentrates 7,548
,, Tramming ,, 1,168 1 6
,, Pumping ,, 1,576 8 2 £119,281
,, Fine vanners ,, . 938 10 5 ,, Rents, licenses, etc 757 13
,, Cyanide process expenses 18,454 18 8
,, Concentrates treatment 1,149 14 5
,, General expenses 9,775 5 3
,, Balance, profit for 1894 22,687 5 1

£120,039 3 7 £120,036 ’

Profit and Loss Account.

Dr. :6 s. d. Cr.
To Balance at Dec. 31, 1893 61,276 16 2 By Profit for 12 months ended
,, Preference share dividend Dec. 31, 1894 22,687 "dl
53H
account, 8 per cent. 5,693 18 5 ,, Balance carried forward 44,283

£66,970 14 7 £66,970 14

£ a. d.
The
,, total revenue
Working for the year
expenditure, amounted
including minetodevelopment 120,039 3 7
97,351 18 6
Net profit for the year . £22,687 5 1
Appropriated as follows : 8 per cent. dividend, 71,174 preferent shares £5,693 18 5
Balance absorbed by profit and loss account ‘16,993 6 8
Reducing debit balance of £61,276 163. 2d. to .. £44,283’ 9 6
Brought forward to debit of next year’s account.
 WITWA TERSRAND MINES. 25

Details of revenue, profit and loss, since millin g operations were started.

Period. Revergzioizfi gold filehlinxuggf Loss. Profit.

£ a. 11. £ a. (l. 2 s. d. £ .9. d.

Ended Dec. 31,1891 52,918 14 4 836 2 6 54,636 11 5 l —
,, ,, ,, 1892 86,961 6 10 791 11 3 — ‘ 6,550 3, 8
,, ,, ,, 1893 93,667 11 6 748 10 11 — - ; 6,253 18 10
,, ,, ,, 1894 119,281 9 11 757 13 8 — 1 22,687 5 1

Totals £352,829 2 7 £3,133 18 4 £54,636 11 5 ‘ £35,491 7 7

—— TD “— ——"'W J_H—*——£ ' s. a. fi
Total revenue for the four years 355,963 0 11
Balance of loss at Dec. 31, 1894 19,145 3 10

DIVIDENDS.—FOI‘ the years 1893 and 1894 the preferent dividend of 8 per cent. was paid on the
preferent shares, amounting in both cases to £5,693 18s. 5d., or together to £11,38716s. 1011., which
brings the total deficit on actual working operations at the end of 1894 to £30,533 Os. 8d., while
the difference between this and the actual debit balance brought forward at the end of the financial
year being £13,750 8s. 10d. must be put down to deficit during the preliminary stage of the
Company’s existence before milling operations were started.
DETAILS OF PRODUUI‘ION.—An 80-stamp battery was ordered in 1889, the erection of which
was completed during March, 1891 ; the milling returns, however, proved very disa pointing at the
beginning, the yield from the first level being considerably below the expectations ormed from the
development assays furnished during the early stages of the mine workings. The intersection of
sandstone with the gold-bearing strata, on the upper levels, partly accounted for the low yield, and
it was therefore decided to reduce the number of stamps running. Forty stamps were run for some
months, increasing to sixty from 1st November, 1891. This arrangement proved a favourable one,
as shown by the following figures.
Profit, after deduction of mining, milling, and general working expenses :—
£ 8. d.
August, 1891 280 13 2
September, 1891 765 0 3
October ,, 1,154 1 1
November ,, 1,401 8 0
December ,, 1,747 18 0
The same policy was observed during the year following, 1892; 60 stamps having run
from January to May, 80 from June to November, and 40 during December. During 1893, the
average number of stamps run was 45, and dining 1894, 58-75. In October, 1892, the construction
of extensive cyanide works was begun, of a capacity of 15,000 tons per month. The works were
started in May, 1893, but the treatment has not exceeded 10,000 tons per month except on one
occasion, and the average during last year (1894) was about 7,000 tons.

Tables showing tonnage reduced, tail'in gs and concentrates treated.

Average yield Cost per ton

Period. l Tons crushed. , Total yield. ‘ per mm , (of2'0m1bs,

oz. 3 dwt. a. 11.

Year ended Dec. 31, 1891 63,661 . 14,689 . 4'61 21 11541

,, ,, ,, ,, 1892 98,089 . 24,368 [ 4'96 l 16 6-681

,, ,, ,, ,, 1893 1 64,064 i 19,658'7 6'13 24 2866
,, ,, ,, ,, 1894 y 75,731 , 21,846'4 5'77 i 20 6390

Totals mi 301,545 80,5621 4 536 ‘

26 WITWA TERSRA ND MINES.

Tailz'ngs.
Period. 0 ‘ I Em; ti'eawtedf— igtalryield. '9 "Yield pertoni 0 Cost. per ton.

0-1 7_ dwt. .. d.
Year ended Dec. 31, 1893... 68,100 6,968-16 1 2008 7-118
,, ,, ,, ,, 1894... 84,710 11,121'8 , 2-621 4 4-428

Totals 1 152,810 18,089-96 1 2314

Concentrates.
Year ended Dec. 31, 1894 1,474 tons 2,556-70 oz. 34-604 dwt. 15s. 7-20d.

Rccapitulation. oz.

Gold won from mill 80,562'1

,, ,, ,, tailings 18,089'96
,, ,, ,, concentrates 2,556-70

Total gold won up to Dec. 31, 1894 101,208-76

Statistics of Monthly Working Expenditure and Revenue,

Tons ', Mining. .

Hzzgggmgnd f, . .
Mgillg‘ginagd 11, Tramming.
Month. crusgled __i ._ W —k__‘,, t ‘"144 ‘_ _ -—
O
‘ 2,0001b. ,Amounn! 00,2158!‘ %Amount. I C(g'nlnr Amount.‘1 003,591- ‘
,Amounhll‘ 0052111?"

2 a a. 1 1. s. .1. £ 1 a. a. 1 s 8.
January .. 1 4,540 2,225 9 9635 j 571 2 (3-206 1 1,059 4 8012 102 0 5-374
February 3,600 1,893 10 6 194 467 2 7125 864 4 9596 I 65 0 4366
March 1 4,855 2,299 9 5644 , 458 1 10-645 854 3 (3-197 61 1 0 3-(133
April 5,650 2,147 1 7 7199 1 422 1 5-915 . 822 ! 2 10-901 72 ‘I 0 3-048
May 1 6,478 2,360 , 7 3-446 . 432 1 3-999 1 1,003 3 1149 , 98 0 3-638
June 6,508 2,406 , 7 4-727 ‘ 481 1 5-730 1 908 2 9480 I 94 0 3-470
July .. 6,897 2,680 . 7 9276 , 558 1 7-421 I 978 1 2 10-051 96 0 3-348
August 7,143 2,740 7 8-070 1 624 1 8967 1,147 , 3 2'523 1 108 I 0 3-622
September... 6,977 2,852 1 8 2-113 1 567 1 7516 978 1 2 9658 1 119 ' 0 4-093
October ,1 7,812 3,154 8 0-892 ' 569 1 5486 1,225 i 3 1637 l 123 0 3-787
November 1 7,886 3,432 8 8433 581 1 5677 1,235 i 3 1595 ' 131 0 3-972
December ‘ 7,385 2,986 8 1044 585 1 7027 I 1,396 ' 3 9374 1, 99 0 3-228

Totals and 1 , ,.- _. , 1 I 1

averages ,» I (5,731 31,174 , 8 4'056 6,315 1 8809 12,469 I 3 4-681 1 1,168 0 3
 WITWA TERSRA ND MINES. 27

Return of Ore treated and Gold produced for the year ended December 31, 1894.

Sta 1 Na ' | Avemge Yield of

Mom- lore 5 P2333. , 31mg;
. .
gold.
,
1 .

1 Tons. No. 1 Days Hours. Tons. Ounces.

January ‘ 4,340 40 E 20 6 388 12730
February I 3,300 33 ' 27 14 373 1331-0
March | 4,855 50 28 19 3'38 17875
April | 5,650 50 29 4 377 17467
May ‘, 6,478 55 30 23 380 16140
June ] 6,508 61 28 23 374 16107
July ' 6,897 60 31 O 3'70 19195
August ' 7,143 65 31 0 354 20230
September 6,977 65 29 19 3'66 17610
October 7,812 75 30 1 347 22300
November 7,886 75 29 6 363 22700
December . I 7,385 75 29 0 338 2275-0

1 75,731 | 38;- I 354 9 ! 364 218464

Mine, Mill, and General Accounts for the year 1894.

Frue Vanners. Development. General. Total Revenue.

_ if’ if 7 _WM '77, working Cost per ton —___ _i_
, Cost 1' Cost per 1 Cost per ex per momb' Amount Value of yield
Amt. ton. ' Amt. ‘on. Amt. , ton. pauses. Gold, per to“.

Q” ‘I d. s ;7.. 71L— 3 .. “(If g ' f {1. " 71. oz. ; s r g I‘ d.

— _ 1,084, 4 9-309 717 3 199 5,759 1 5 4464 1,278 4,658 l 1 0 6250
— _ 732i 4 0-787 644 3 6936 4,665 1 5 11004 1,331 I 4,851 1 6 11427
— — 7 1,136 4 8162 1,125 1 4 7593 5,932 1 4 5244 1 1,7875 ,' 6,515 1 6 10075
— - ; 8885 3 1720 742 1 2 7512 5,092 ‘ 0 18 0-295 1,746'7 ' 6,367 1 2 6440
- _- I 1,219| 3 9163 933 2 10557 6,045 0 18 7952 1,614 5,883 0 18 1955
108 0 3986 1,529‘ 4 8372 1,148 , 3 6331 6,673 ! 1 0 60% 1,6107 . 5,871 0 18 0498
130 O 4524 1,196 3 5-625 762,2 2518 6,402 0 18 6763 1,919'51 6,996 1 0 3462
117 0 3948, 1,503 4 2504 732 . 2 0611 6,972 0 19 6245 2,023 7,374 1 0 7753
140 0 4-799 1 1,416 4 0-721 775 2 2648 6,848 0 19 7548 1,761 ' 6,419 0 18 4-796
123 , 0 3777 1,748 4 5720 735 1 10596 7,678 0 19 7895 2,230 | 8,128 1 0 9-714
164 0 4997 1,683 4 3210 706 1 9495 7,931 , 1 0 1379 2,270 , 8,274 1 0 11808
156 0 5077 1,751 4 8902 776 2 1205; 7,750; 1 0 11857) 2,275 | 8,292 1 2 5483
_i 1 Vftv I v 7 _.‘ _
f I ‘ . r
938 0 4444 ‘ 15,885 4 2349 9,795 I' 2 8666 77,747 1 0 6395 :21,846'4 1‘ 79,628 z1 1 1 4639
_
28 WITWA TERSRAND MINES.

Cyanide Process .' Statistics of monthly expenditure and revenue for the year ended December
31, 1894.
Tailings.
‘ \Vorking expenditure.
Month 33151;: —___—_ Gold Net realisation Profit
treated. Amount. Cost recovered. of gold. pei month.
, per ton

£ a. d. a. d. oz. £ 8- d. 55 0. d.
January 9,460 1,560 16 7 3 3'59 7453 2,474 15 9 913 19 2
February 7,740 1,553 18 4 4 0'18 6863 1,971 19 2 418 0 10
March 9,460 1,985 8 7 4 2'62 1,004'1 2,885 2 6 899 13 11
April 6,450 1,732 17 1 5 4'47 843'3 2,423 1 4 690 4 3
May 6,880 1,521 12 9 4 5'08 1,307'5 3,756 17 3 2,235 4 6
June 6,020 1,421 14 9 4 8'68 7615 2,188 0 8 766 5 11
July 6,020 1,335 16 9 4 517 954'9 2,715 0 6 1,379 3 9
August 6,880 1,558 8 10 4 6'36 986'8 2,804 11 10 1,246 3 0
September 6,020 1,220 19 7 4 0'67 8060 2,290 12 5 1,069 12 10
October 7,310 1,674 8 7 4 6'97 1,296'3 3,684 4 0 2,009 15 5
November 6,450 1,548 17 8 4 9'63 8286 2,349 2 0 800 4 4
December 6,020 1,339 19 2 4 5'42 9012 2,561 2 11 1,241 7 9

Totals and averages .. 84,710 18,454 18 8 4 490 11,121'8 32,104 10 4 13,669 15 8

Concentrates Production in 1894.

Working expenditure.
, Tons _-—~ ~ Wi- Gold Net renliza- Profit
Momh' treated. A cost recovered. tion of gold. per month.
I mount.
1 In!‘ ton. ‘

£ 8. d. a. d. oz. | ii I. d.| £ a. d.
January 96 37 14 9 7 1034 11000 324 1 6 287 0 9
February 104 110 9 6 21 3'40 16620 490 13 9 380 4 3
March 144 77 4 l 10 8'67 149'80 442 5 6 365 1 5
April 116 78 7 11 13 6'19 197'60 583 7 8 504 19 9
May 96 63 19 10 13 3'65 183'80 542 12 9 478 12 11
June I 96 69 17 3 14 6'65 177'30 523 9 0 453 11 9
July 110 109 14 9 19 11'42 237'50 701 3 11 591 9 2
August 152 128 0 10 16 2'21 262'50 774 19 7 646 18 9
September 152 131 14 8 17 4'00 225'00 664 4 10 532 10 2
October... 124 100 3 3 16 1'86 273'00 805 19 9 705 16 6
November 152 113 18 2 14 1185 294'00 867 19 9 754 l 7
December 132 128 9 5‘ 19 5'58 280'00 826 13 4 698 3 11

Total and average 1,474 1,149 14 5i 15 5'31 i 2,556'70 7,548 5 4 6,398 10 11

l

- DESCRIPTION or THE PROPERTY.——The property comprises that portion of the farm Langlaagte
known as Block B, acquired from the Langlaagte Estate and Gold Mining Company, Limited. The
mining area consists of a mynpacht covering 100 morgen (200 acres) comprising about 32 claims
on the outcrop of the Main Reef series, or about 4,800 ft. along the strike of the Reefs, and an
average depth of 1,800 ft. This mynpacht is situated between the New Cruasus and United
Langlaagte properties, on the farm Langlaagte, Witwatersrand. Besides this the Company owns
a block of owners’ claims to the south of the mynpacht, the property of the Langlaate Block B
Deep Level intervening. The Company also owns a good and ample water—right adjoining the
mynpacht to the south. A few other blocks of claims belonging to other parties are on the Com
pany’s property, from which the Company is deriving a revenue in the shape of licenses. The
northern part of the portion has been deproclaimed. This portion was sold in September, 1895,
to the Langlaagte Exploration and Building Company for 125,000 shares. See the notice of the
Langlaagte Exploration and Building Company on this point. For plan of property, see Vol. III.
 WITWA TERSRAND MINES 29

MINING INTELLIGENCE (as at the end of June, 1895).—The ore is mined on this property from
three shafts, respectively known as east, central, and west shafts. The east shaft is sunk vertically
to a depth of 300 ft., development having been carried on 4 levels, 2 of which are exhausted
and 2 are now under exploitation and development. The central shaft is sunk vertically to 385 ft.
with 4 levels, 2§ of which are exhausted. It is contemplated to abandon this shaft as soon as
a connection has been established with the west shaft, from which all pumping and hauling
will be done. The amount of development completed was, as per last report (December 31, 1894),
4,655 ft. ; this has been increased during the period January 1 to June 30 by 3,264 ft.=7,919 ft.
The ore in sight was 59,600 tons on December 31, 1894; while since then 29,800 tons have been
developed ; making the total of Ore in sight at date, 89,400 tons. Of this amount 62,100 tons are
Main Reef ore, and 27,300 tons are South Reef ore.
Mill and Cyanide Returns comparing the six months to June 30, 1895, with previous year :—
Year to December 31, 1894, crushed 75,731 tons.
,, ,, gold retorted 21,846 oz.
January to June, 1895, inclusive, crushed 51,574 tons.
,, ,, ,, ,, gold retorted 13,219 oz.
Cyanide, year to December 31, 1894, tailings treated 84,710 tons.
,, ,, ,, gold 11,121 oz.
January to June, 1895, inclusive, tailings treated 32,480 tons.
,, ,, ,, ,, gold 4,202 oz.
Concentrates : Vanners to June, 1895, inclusive, treated 908 tons; gold, 1728 oz.

EQUIPMEN'In—East Shaft : Sunk vertically. 300 ft ; size 12 x 5 ft., divided into three compart
ments, 2 hauling-ways and 1 pump- and ladder-way. This shaft is fitted with a steel head-gear, 35
ft. high, 1 safety cage, and 1 sinking cage. Pump .' Pumping is done by one 10 in. Cornish pump
driven by 1 horizontal geared Robey engine, 12x24. Hauling is done by 1 pair couple geared
10 x 18 Robey winding engines, steamed by two 25 h.p. locomotive boilers by Robey.
Central Shaft : This shaft is sunk to a vertical depth of 385 ft. Size 12 x 5 ft., divided into
three compartments, Zcage-ways and 1 pump- and ladder-way, and fitted with one 35-ft. steel head
gear by Robey, 1 safety cage, and 1 counter-weight for counterbalancing the cage. Pump : 6-in.
Cornish pump, driven by one 10 h.p. Robey geared pumping engine. Hauling is now done by one
16 h.p. nndertype Robey winding engine, 12 x 18 in. Independent drums steamed by two 16 h.p.
Robey locomotive boilers. It is intended to shortly abandon this shaft, and all mining will then
be done from the east and west shafts.
West Shaft: This shaft is sunk vertically to the 7th level; depth 500 ft.; size, 15x 5 ft.;
fitted with a 35-ft. steel head-gear, safety cages, and divided into three compartments, 2 hauling- and
1 pump- and ladder-way. Pump: 10-in. Cornish pump, 2 lifts, 1 at the 280 ft. level, and 1 at the
350 ft. level. This pump is driven by one 16 h.p. geared Robey pumping engine. Hauling is done
by one 35 h.p. coupled geared winding engine, by Robey, steamed by two 25 h.p. locomotive boilers,
by the same makers.
New Shaft .' It is intended to sink a new shaft at a distance (approximately) of 1,200 ft.
from the present central shaft, and to the south of it. Sinking Operations have not as yet been
commenced, but the compressing plant and boiler-house are now in course of erection. Compressor :
The air-compressing plant will consist of one complete Rand Drill Company plant of a capacity of 22
drills, steamed by four 30 h.p. Fraser &. Chalmers boilers. Water Service .' Water is obtained from
the Company’s dam at a distance of three-quarters of a mile from the mill, and is pumped to a
service reservoir constructed on the highest point of the property, and conveyed to that point by
a 10 in. delivery pipe. The pumping plant consists of two 20 h.p. tandem Davey pumps, steamed by
two 25 h.p. locomotive boilers.
Mill: The ore is conveyed to the mill by tram and gravitation, the empty trucks being hauled
back by mules, and delivered to the crushers floors above the mill. This plant consists of 4 Fraser
&. Chalmers Crushers, delivering the crushed ore into the mill’s ore bins. The stamping power con
sists of 80 Fraser & Chalmers 950 lb. stamps, which after amalgamation deliver the pulp to 30
Frue vanners. Mills Engine : The milling plant is driven by one 80 h.p. single horizontal Marshall
engine, steamed by four 30 h.p. Fraser &. Chalmers boilers. This engine also drives 2 dynamos
which supply light to all surface works. There is also a vertical high-speed Tangye engine.
The mill engine also drives one 36-in. circular saw. Tailings: From the vanners the tailings
are received in 2 settling dams, and taken from there to the cyanide works by mechanical haulage.
30 WITIVA TERSRAND MINES.

Cyanide Works .' The tailings are raised on an elevated tram-line above the vats. The leaching
vats are 6 in number, 42 x 10 ft., and 500 tons capacity, built of cement and bricks, the top of the
vats being level with the floor of the house. They are discharged by means of 2 steam-cranes, by
J. Birch &. Co., which lower into the vats the body of the truck, and replace it when full on its car
riage. The tailings are then dumped by ordinary haulage. Solution Shed: This shed contains
4 solution vats, 42x8 ft., constructed of bricks and cement (the solution being pumped to the
leaching vats by one 5-in. centrifugal pump, driven from the mill’s engine by means of a wire rope),
and 3 zinc extraction boxes.
Concentrates : This plant is constructed outside of the solution shed and consists of 3 square
wooden vats, being two 10 x 5 x 6 ft. and one 12 x 12 x 5 ft. ; 2 zinc extraction boxes, and 3 zinc shav
ing laths. The solutions are pumped from the solution vats and by the centrifugal pump at the
solution shed. The concentrates are submitted to a long cyanide treatment (about 15 days).
The result of the treatment of concentrates is given above.
Workshops : Power is derived for the workshops from one 15 h.p. 10x 22 horizontal Robey
engine, steamed by one 20 h.p. Fowler &. Co. boiler. Forges : 10 forge fires, fitted with 1
Root’s blower. Fitters’ Shop : One 20 ft. lathe, one 6 ft. lathe, and 1 drilling machine.
GENERAL REMARKs.—Formerly operations were limited to the eastern portion of the property,
which proved to be the poorer one. The western portion, adjoining the New Croesus, has recently
been ofi'ering greater inducements. However, it has been found best to maintain a general policy
with regard to the development, and therefore the main shafts are being sunk east and west, in
order to gain, as speedily as possible, access to the lower levels, where there is a marked improve
ment in the value of the reefs. As soon as the full number of stamps is employed again, the
working cost ought to naturally decrease and increase profits. Owing to the improvement in the
reefs in the lower levels it is intended to add 60 stamps to the present 80-stamp mill.

BOHEMIAN GOLD MINING COMPANY LIMITED.

Formed in 1889.
CAPITAL—£131,000 in £1 shares; all issued and fully paid up.
Directors.
J. BIRBECK, J. LANG, J. N. GREENLEES, H. ADLER, W. F. MORRIS, and J. W. Mourns.
Secretary and Ofiice.
FREDERICK W. BAXTER, Johannesburg, Transvaal.
FINANCIAL HIsTORY.—Origina1 capital, £85,000. Appropriation.‘ Vendors, 28,000 shares;
underwritten, 29,600; promotion, 10,900; reserve, 17,500. The subscribed capital was under
written at 128. 6d. per share, giving £18,500, of which £6,000 went to vendors, and £12,500
formed the working capital. On January 15, 1890, the capital was increased to £131,000, for
the purpose of amalgamating with the Lily Main Reef Company. Appropriation of Capital:
To the old Bohemian Company (the 17,500 reserve shares were cancelled), 67,500 £1 shares; to
the Lily Main Reef Company, 63,334 shares; reserve, 166 shares.
FINANCIAL PosI'rIoN.—Cash in hand about £2,000.
DESCRIPTION on THE PROPERTY—The property of the Company consists of 58 claims in
amalgamated blocks, and specially registered. Of these, 34 claims were taken over from the old
Bohemian, and 24 from the Lily Main Reef Company. Locality of the Property: Situated on the
farms Roodepoort and Witpoortjo, bounded on the north-east by the Banket Gold Mining Com
pany, and on the south-west by the New Gipsy Gold Mining Company, about 12 miles west of
Johannesburg. (For plan, see Volume III.)
GENERAL REMARKs—Work on the property has been suspended for years. A proposal has
been brought forward for reconstructing the Company on the following lines: To reduce the capital
to £27,500 in £1 shares, to be given to the present shareholders; and then to increase it to
£47,500, 10,000 of the additional shares to be offered to the shareholders at par; the reconstruc
tor, who would guarantee this issue, taking up the balance of 10,000 shares. The reconstructor
would also have an option on 27,500 further shares at par for periods of 12 and 18 months. If this
Eptllzilédwere exercised the capital would be increased to £75,000. So far the matter has not been
eci .
 IVITWATERSRAND MINES. 3!

BONANZA, LIMITED.
Formed in 1894.
CAPITAL—£200,000 in £1 shares; all issued and fully paid up. .
Directors.
LIONEL PHILLIPS (Chairman), CAPTAIN Rnonns, S. NEUMANN (alternate C. S. GOLDMANN), GEORGE
RICHARDS, and W. T. GRAHAM.
London Committee.
S. NEUMANN, 0. Runs, and LEIGH HOSKYNS.
Secretary and Head Ofl‘ice.
GEORGE PHILIP, Bonanza Mine, Witwatersrand, Transvaal.
London Secretary and Ofiice.
A. Mom, 120, Bishopsgate Street, E.C.
CAPITAL APPROPRIATION—Vendors, £125,000; working capital, subscribed at par by the
vendors, £75,000.
ACCOUNTS AND FINANCE—Th6 Company having been formed in 1894, and the producing
stage not having been reached as yet, no profit and loss account was published at the end of the
first financial period (April 30, 1895). The following is an extract from the balance-sheet as at
April 30, 1895 :—

Liabilities. £ 8. d. ' Assets. £ 8. d.

To capital .. 200,000 0 01 By Claims 125,000 0 0
Less 108. still to be paid on , ,, Permanent works 15,783 8 0
11,125 shares 5,562 10 0 ,, Buildings 7,478 11 6
—— l ,, Machinery and plant 8,705 4 7
194,437 10 0 i ,, Water service 232 16 11
Interest account 3“ l ,, Investment account 100 0 0
On loans 840 12 9 " Live Stock 15 0 O
Credltors u. n- n. 1 5 ” Assay account ___ n. 0
,, General charges 2,350 16 10
,, Maintenance account 1,342 19 2
,, Store account 735 14 10
,, Sundry debtors 34,123 4 9
,, Cash on hand 661 13 7
£196,567 4 2 ; £196,567 4 2

The original working capital was £75,000, of which, as will be seen from the above, £40,000
-is still in hand, which should be ample to meet all expenditure until mining and milling begins.
\Vith this it is expected to advance mine development to the producing stage, and to complete all
the surface works, including a 20-stamp battery and cyanide works complete, which should be
ready about March, 1896, when milling operations are to be started.
EQUIPMENT.—The general surface equipment is partially completed, and consists at date of
winding plant, one 10-drill air compressor, mechanics’ shops with machine tool equipment, white
men’s quarters and Kai’firs’ compound, while the reduction works are in course of erection.
DESCRIPTION or PRoPEnTr.—Consists of 10% claims, forming the immediate dip of the Johan
nesburg Pioneer Gold Mining Company and most western section of the Robinson Gold Mining
Company. The property covers an average length along the strike of the reef of 810 ft., and an
average depth of 770 it. It is bounded on the east by the Robinson Company, on the west by
the Crown Reef Gold Mining Company, and on the south by the Crown Deep. (For plan, see
Volume III.)
MINE DEVELOPMEN'I‘.—W0rk was started on the 1st of May, 1894, a vertical shaft being sunk
175 ft. south of the northern boundary of the property, intended to cut the Main Reef series at
about 680 ft. vertically, and then to be continued on the incline through the centre of the property.
32 IVITWATERSRAND MINES

This shaft has three compartments, and is 16 ft. 4 in. by 6 ft. 6 in. in the clear, timbered through
out, and was at 679 ft. depth on March 31, 1895. The south reef was cut through at 614 ft.
vertical, measuring 5 ft. wide. A level is opened at 660 feet vertical, where cross-cuts are driven
to South and Main Reefs respectively. The South Reef has already been out again in the cross-cut,
measuring 3 ft. wide. The average width is therefore so far 4 ft. and over, which gives an
average assay equal to 1 oz. 10 dwt. 7 gr. The backs for stoping between this 660 ft. level
and the north boundary are estimated at 280 ft., and are being opened by three levels. The
Main Reef leader and Main Reef, at the 660 ft. level, of course lie north of the shaft, and the
cross-cut to strike them should cut them any day; their backs will be about 125 ft., and can be
developed from the 660 ft. level. These levels will be developed from the vertical portion of the
shaft, while the remainder of the mine will be opened from the incline.
GENERAL REMARKs.—Taking the dip on an average of 30°, the incline depth from where the
reef enters the property to the point where it passes out of it into the Crown Deep, will be 900 ft.
Accepting the data of the Robinson mine, 4 ft. will be mined, exclusive of Main Reef. The total
ore contents in the property can be taken at 250,000 tons. The Robinson results are estimated at
33 dwt. per ton; working cost, 408- A conservate estimate on a similar basis, taking the average
from milling, chlorination and eyaniding at 25 dwts., and the costs at 458. per ton, goes to show
that the total gold existing in the mine (exclusive of main reef) would be about £1,000,000, of
which half should be not profit. Up to date the actual average width of the South Reef is 4 ft.,
as expected, and it assays 30 dwts., which makes it a ractical certainty that the above mining
estimates will be realised. Quite recently the value 0? the reef has materially improved. The
assays from the South Reef are exceedingly high, which shows that they have got into a rich
shoot. It is anticipated that, in consequence of the increase in the value and width of the reef,
the above estimate will be considerably exceeded.

CENTRAL NIGEL DEEP, LIMITED.

Formed in June, 1895.
CAPITAL—-£250,000 in £1 shares ; 200,000 shares issued and fully paid up.
Directors.
CAPT. E. F. Rnonns (Chairman), JOHN HAYS HAMMOND, Jsmrs HARROWER, and
GEORGE RICHARDS.
London Board.
H. E. M. DAVIES, PERCY TARBU'I'I‘, and C. WICHMANN.
Head Ofiive.
Johannesburg, Transvaal.
London Secretary and Oflice.
S. HAYFs, 120, Bishopsgate Street, Within, E.C.
CAPITAL—Th6 vendors received 150,000 shares; 50,000 were issued at par, providing
£50,000 of working capital ; and 50,000 are held in reserve.
PROPERTY.—546.} claims on the farm Varkensfontein, Heidelberg district, Transvaal, on the
dip of the Nigel Reef. The nearest point to the Nigel Reef outcrop is 5,800 ft. away. The ground
is north of the Nigel Gold Mining Company’s mynpacht, the Nigel Deep property intervening.
GENERAL REMARKS.—Mr. John Hays Hammond, basing his calculations on the results
shown by the Nigel Gold Mining Company, states that if the resent dip of 16° in the central
section of the Nigel property is continued, the Nigel Reef woul be cut at the Central Nigel Deep
boundary at a. depth of 1,700 ft, while he considers that the reef will further flatten, and that it
will be reached at less than 1,700 ft. He estimates that each claim contains 3,000 tons of ore, and
that each ton (calculated on the basis of the Nigel) will give a profit of £3 per ton. This allows
1,500,000 tons for the whole property, and crushing 60,000 tons yearly with a 50-stamp battery
this would give the mine a. life of 25 years. Mr. E. A. Wiltsee arrives at similar conclusions.
Arrangements were made in June, 1895, to sink 3 vertical shafts to cut the reef at estimated
depths of 1,550 ft. to 1,900 ft., and the sinking of these has commenced.
 IVITIVATERSRAND MINES. 33

CHAMP D’OR DEEP LEVEL GOLD MINING COMPANY, LIMITED.

Formed in 1892.

CAPITAL—£275,000 in £1 shares; all issued and paid 11p.

Directors.
F. Lownnr (Chairman), E. BIRKENRUTH, R. WILLIAMS, J. S. CURTIS, J. H. LESLIE, E. W.
THOMPSON, and G. RICHARDS. .

London Committee.
Comm-:1. MCKINNON and C. S. C. WATKINS.

Superintciuiing Engineer. Manager.

A. S. Boucnnn. C. HALL.

Acting Secretaq/ and IImd Ojicc.

H. M. ELIUI‘I‘, Johannesburg, Transvaal.

London Secretary and Oflicn.

J. T. Bnnnonouon, 8, Old Jewry, E.C.

CAPITAL CIuNom.—Originally £200,000, the capital was increased to £275,000 in December,

1892, in order to take over the property of the Midas Battery Reef Gold Mining Company, Limited,
for the 75,000 fully paid up shares so created. Although the shareholders of that Company had
resolved and sanctioned the sale to this Company by a great majority, the dissentient minority
objected, and obtained a provisional interdict to prevent the transaction taking place, and to
institute an action for the purpose of annulling the proceedings of the meeting which had authorised
the directors of the Midas Company to conclude the sale. During the early part of 1894 this action
was at last brought to an issue, and was decided in favour of this Company, which thereupon
obtained possession of the Midas property against the 75,000 shares aforementioned. The original
working capital supplied was £34,000, and the Company’s indebtedness in December, 1894,
amounted to £77,000, showing that about £110,000 have been spent for fully developing the mine
and completing the surface works.
ACmUN'rs AND FINANCE—Accounts are made up annually to September 30, and submitted
in November or December following. The first accounts were made up to September 30, 1893,
showing an income of £898 108. 9d. from interest and rents, and balance to debit carried forward
of £2,733 49. 8d. Extracts from balance-sheet and profit and loss account for the year ending
September 30, 1894 :—

Liabilim's- £ 8- d- Assets. £ 9. d.
To Capital account 275,000 0 0 By Property account 222,614 5 0
n Sundry 10m 58,000 0 o ,, Water-rights and dam 3,496 1 4
n Sundry persons 7,282 0 31 ,, Machinery and plant 49,98111 6
1’ bud” °fli°e= balance 2,202 15 0' ,, Buildings 6,874 1 11
1 ,, Livestock 79 0 0
1 ,, Furniture 188 14- 4
1 ,, Stores and material 1,106 0 1
,, Sundry debtors .. 364 16 0
1 ,, Cash on hand 1,338 18 0
1 ,, Permanent works???) 11 3
Incline shaft, £ll,1 } .
iVertical shaft, 7,595 18 1 181‘06 9 4
1 By Mine development... 31,029 11 6
1 Profit and loss account 6,705 6 3
£342,484 15 9 £342,484 15 9
VOL. I. D
34 I WITWATERSRAND MINES.

Profit and Loss Account.

(71*. £ 8. d. I Dr. £ 8. d.
To Balance September 30, 1893... 2,733 4 8 By Transfer fees 62 10 0
,, Rent 150 O 0 ,, Sundry revenue 5 10 0
,, Legal expenses 222 17 9 ,, Gold account 6 3 11
,, Directors’ fees... 388 16 6 ,, Balance 6,705 6 3
,, Travelling expenses 13 4 0
,, Stationery 60 0 0
,, General expenses 139 11 10
,, Survey ,, 32 11 0
,, Interest, commission and ex
change 1,116 13 7
,, Salaries 310 0 0
,, Auditor’s fees... 10 10 0
,, Bank charges 3 12 0
,, Advertising and printing 143 18 11
,, Claim licenses... 566 1 8
,, Maintenance, mine and machinery 888 8 3
£6,779 10 2 £6,779 10 2

Debit balance carried forward to next year’s account £6,705 6 3

DESCRIPTION OF THE PR0PsR'rY.—-0rigina11y 121 claims on the dip of the Midas Battery,
Champ d’Or and Teutonia Gold Mining Companies, the lateral extent being at that time 46 claims,
or 6,900 feet. In addition, 3 claims were held in conjunction with a water-right, on Greyspruit.
The claims taken over from the Midas Company are 11 claims on the outcrop of this Company’s
western block, and further 6 claims on the same line, but separated from the first-named block
by the Windsor Company’s ground. Also 2 blocks of claims, 11 and 21 in number respectively,
on the Battery Reef, making a total of 49 claims, and three valuable water-rights. The Company
has further pegged out a number of claims, which brings the total number to 243 claims; for these
additional claims pegged and partly purchased, together with water-rights for cash, in all a sum
of £3,700 has been expended, while for the Midas property, as already explained, the 75,000 new
shares were given. The 35 claims forming the dip of the Teutonia Company have been disposed
of to that Company for 19,000 fully paid up shares; and the rest of the property has since been
amalgamated with the Teutonia, and floated as the French Rand Gold Mining Company. (For
plan, see Volume III.)
TECIDXICAL IN'rEnmcsxcn—The mine having been assayed every 15 ft., the South Reef
averages 14 dwt. over a milling depth of 24 in. The Main Reef is very patchy, but it is
expected to prove of more uniform yield lower down when the rich shoot from the Champ d’Or
gtcrop) Company will be cut. The Main Reef and South Reef are about 25 ft. apart. The South
of on the lst level assays 30'84 dwt. for 475 in. of reef, 28'25 dwt. for 427 in., 35-75 dwt.
for 6 in., and 99-88 dwt. for 4 in. On the 3rd level the Main Reef varies from 1 to 3 ft. in thick—
ness, and the size of the South Reef from 1 to 3 in. On the 5th level, where the Main Reef was cut
by the vertical shaft, it assayed 14?; dwt. for 36 in. of reef, the South Reef assaying at this point
6 oz. 14 dwt. for 3,1 in. of reef. The reefs at surface dip from 57° to 45°, and from the 2nd level
about 41°.
DEvEmPMENT.—The Deep Level Company originally proposed to develop and exploit their
ground through a main vertical shaft which was started 150 ft. south of the Midas and Champ
d’Or Companies’ boundaries. This shaft cut the South Reef at 385 ft., and the Main Reef at 430 ft.,
at which point the 5th level was opened. This shaft is 16 x 5 ft., divided into three compart
ments, and has a, total depth of 446 ft. The South Reef where cut was 31 in. in width, and
assayed 6 oz. 14 dwt.; the Main Reef 2 ft. wide, assaying 7 dwt. 18 gr. Two inches of sandstone‘
divided the Main Reef from the North Reef, which was 13 in. wide, and assayed 1 oz. 14 dwt. 12 gr.
After taking over the Midas property, this vertical shaft was discontinued, and sinking of the
incline main shaft of the Midas, enlarged to 17 x 41; ft., was continued with three hoisting compart
ments. It is at a depth of 668 ft. (September 30, 1894) or 46 ft. below the 5th level, which now
connects this shaft with the old vertical shaft, which will be done away with. Five levels have
been opened up from the incline at 147, 272, 387, 502, and 625 ft. respectively. Total footage of
driving and sinking during past year equal to 6,516 ft.; and grand total since the beginning of
operations, 8,028 ft.
 WI T WA TERSRA ND MINES 35
ORE Rnssavss (September 30, 1894).
Tons.
South Reef (over stoping width of 24 in.) 30,400
Main Reef ,, ,, 24 ,, 32,200

‘B1509
EQUIPMEWr—At the mine there is one pair of 14} x 28 winding engines (for main incline), with
steam generators in proportion, and one 12-drill Hirnant air compressor, complete. At the mill, one
30-stamp Sandycroft battery complete, with gilt edge and Scoular concentrators, Gates crusher, Reedy
elevator, and tailings machine; one 11 in. x 21 in. x 30 in. compound condensing battery engine,
with boilers complete. Pumps and cyanide works as required. A dam has been built about three
quartors of a mile south of the battery, capable of holding twelve million gallons of water. Electric
pumping plant to pump water from dam to battery.
FIRST CRUsHINGs.—The 30-stamp mill was started in November, 1894, and has given the
following results up to April 30, 1895. Tons crushed, 19,754; tailings treated, 11,660 tons; con
centrates treated, 50} tons. Milling has since been suspended.

Stamps. Total yield. Yield per ton. Total value. Total cost. Cost per ton.
if V 7 OZ- 7 E‘fidwyahwfl ‘El ‘ ii£ W“ 8.3“ _ Vfirii NI.‘ (1.’: _ I‘. d

30 5,598'30 ' 5'66 20,762 10 7 23,696 1 10 23 119

2,682'07 4'6 4,919 10 5 2,990 2 8 5 154
172-00 017 490 0 0 340 0 11 0 2'08

Totals 8,452.37 1043 26,172 1 0 27,026 5 5 29 3'52

RECAPI'I'ULATION. £ 8. d.
8,452'37 oz. produced from all sources, value 26,172 1 0
£ 8. (1.
Total cost 27,026 5 5 showing loss 854 4 5
£27555 5875 127,026.51 _5_
GENERAL REMARKS—Milling operations should have been started by October 1, 1894, but
owing to non-arrival of the necessary pumping plant, the water supply proved inadequate, and
therefore it was found to be more advisable to defer operations than to run the risk of a stoppage
after the mill had once been started. Milling operations were started in November, 1895. The area
owned by the Company is a very extensive one. On June 27, 1895, a reconstruction scheme was
accepted by a special meeting of shareholders. The whole of the property and assets of the
Company have been handed over to the French Rand Gold Mining Company for 175,000 shares in
that Company, the latter to take over the liabilities of this Company, amounting to £101,000.
The shareholders of this Company had besides the right to apply for 75,000 shares in the working
capital of the new Company at 258. per share (in the proportion of 25% per cent. of their holdings),
while the guarantors offered to take up 5,000 of these shares at 458. per share. The offer is con
sidered to be to the advantage of this Company.

CHIMES DEEP LEVELS, LIMITED.

Formed in June, 1893.
CAPITAL—£160,000 in £1 shares; £122,000 issued and paid up.
Directors.
ABE BAILEY, C. S. GOLDMANN,_-G. FARRAR, W. DALRYMPLE, and H. 0- HULL
Secretaries and Ofliccs.
Burma & PEIRSON, Johannesburg, Transvaal.
APPROPRIATION OF CAPITAL—£117,000 in shares to vendors, £5,000 subscribed for working
capital, and £38,000 held in reserve. _ _
PROPERTY.—0riginally 144 claims on the dip of the Chimes Reef on the farm Benonli Wlt'
36 WITWA TERSRAND MINES.

watersrand. Recently 39 of these claims were sold to the Chimes West, Limited, for 37,500
shares in that Company. This left the Company with 105 claims, which, together with the Chimes
‘Nest shares, have been sold to a Company known as the Kleinfontein Central Gold Mining Com
pany for 162,666 shares in the latter.

CHIMES WEST, LIMITED.

Formed in May, 1895.
Directors.
GEORGE FARRAR, C. S. GOLDMANN, A. BAILEY, W. DALRYMPLE, E. J. KOCH, and
B. COURTENAY.
Secretary and Head Ofl'ice.
G. HALFORD SMITH, Box 1,083, Johannesburg.
> London Agents and Ofiice.
The Anglo-French_Exploration Company, Limited, 170-3, Winchester House, Old Broad
Street, E.C.
APPROPRIATION OF CAPITAL £200,000.—Vendors’, 100,000 shares; working capital, 50,000
shares; reserve, 50,000 shares. The capital is £200,000, distributed as follows : To the New Chimes
Company for 22 claims (more or less), Florence block, £18,000; to other claimholders for certain 101
adjoining claims, £82,000; for working capital, 50,000 shares offered to shareholders in the New
Chimes Gold Mining Company, Limited, pro rata to their holding (being one share for every 2 old
shares held) at 228. 6d., under guarantee of the Anglo-French Company at the same price, £50,000;
reserve 50,000 shares, the guarantors having an option over 25,000 shares for 9 months at 223. 6d.,
and over the remaining 25,000 for 15 months at 273. 6d., £50,000 ; total, £200,000.
APPROPRIATION or VENDORS’ SHARES.—Chimes Company, 18,000 shares; Benoni Claim and
Exploration Syndicate, 43,000 shares; Chimes Deep, 39,000 shares.
DESCRIPTION or THE PRoPER'rY.—The property is situated on the farm Benoni, and consists
of 101 claims. It is bounded on the east by the New Kleinfontein and the Chimes Deep Level,
and on the west by the Benoni and West Kleinfontein Gold Mining Companies. Of the 101
claims, 22 claims known as the Florence Block were taken over from the New Chimes Company ;
about 38 from the Chimes Deep Level, and the balance from the Benoni Claim and Exploration Syn
dicate. (For plan, see Volume III.)
MINING INTELLIGENCE.—-—A prospecting shaft has been sunk on the Kleinfontein Reef, which
was struck and gone down upon. The reef has a width of about 3 ft., and the assays are proving
very satisfactory. Reefs .' The Kleinfontein or North Reef has, in sinking a shaft, been proved to
exist on the property. At about 900 ft. south of the Kleinfontein Reef the Chimes or South Reef
ought, according to its corresponding position, to traverse the property of the Chimes West, at
about 900 ft. south of where the Kleinfontein Reef was struck.

CINDERELLA GOLD MINING COMPANY, LIMITED.

Formed in October, 1892.
CAPITAL—£100,000 in £1 shares; all issued and fully paid up.
Directors.
JAMES HAY (Chairman), GEO. FARRAR, GEo. ROULIOT, C. S. GOLDMANN, W. DALRYMPLE,
and J. C. A. HENDERSON.
General Manager.
A. ANGWIN.
Secretary and Office.
G. W. HIGGINS, 1 and 2, Bettelheim Buildings, Johannesburg.
FINANCIAL HIsTORY.—The original capital of the Company was £250,000. The H.F. Syndi
cate reconstructed the Company in October, 1892, on the following basis :—
Shares.
To the old Cinderella shareholders 16,600
To the HF. Syndicate for finding £20,000 83,400
£100,000
 IV] TIVA TERSRAND MINES. 37

Extract from Balance-sheet, July 31, 1894.

£ 8. d. £ 8. d.
To Capital account 100,000 0 0 By Property account 80,055 18 O
,, Creditors 1,727 1 2 ,, Buildings 1,069 9 6
,, ‘New Comet Gold Mining
Company . .. . .. 13,724 2 9
,, Cash 1,591 14 5
,, Development 2,335 17 1
,, Stoping quartz on hands 989 12 6
,, Sundries 22 0 1
__ ,, Profit and loss account 1,938 6 10

‘F
.sgim 1 2
This amount has since been repaid by the Comet Gold Mining Company.
£101,727 7 17 vflg

Extract from Profit and Loss Account, July 31, 1894.

£ 8. d. £ 8. d.
To Balance from last account 1,893 19 2 By Interest account 267 18 1
,, Licences and charges 289 17 3 ,, Rent account 50 O 0
,. Sundries ,, Balance 1,938 6 10

£2,256 4 11 §2,256 411

PRIBEN'I' FINANCIAL POSITION.—Practically the same as at July 31, 1894.
DmoRIP'rIoN or 'rHE PROPERTY.—Consists of 74 Main Reef claims situated between the East
Rand Central Gold Mining Company and Blue Sky Gold Mining Company on farm Vogelfontein.
2) of these claims are on the strike of the reef ; the balance are situated to the south. (For plan,
see Volume III.)
MINING INTELLIGENCE—Reefs: The reef in this mine is the same as that in the Blue Sky,
consisting of hanging wall reef and footwall leader, the former being quartzite, the latter slate.
The hanging wall has so far proved poor in gold over a width of 3'11 ft., whilst the footwall carries
the principal gold. On a basis of 12 in. there are 4,000 tons opened worth 16% dwt. per ton.
DEVELOPMENT.—All work has been suspended since July, 1894. The development work on
this mine was done through the New Blue Sky Company’s levels and shaft, both mines being con
nected at the first and second levels. The first level is 500 ft. in length, but being near the surface
deposits there is little stoping ground. The second level is 404 ft. long, all in roof. The tonnage
above the back of this level on footwall leader is 4,000 tons, as aforementioned. The main incline
shaft of the Cinderella Gold Mining Company is down to the second level.
EQUIPMENT.—With exception of buildings the mine is not equipped.
GENERAL REMARKs.—As yet only the one reef has been discovered on the Company’s property;
but, as in the Blue Sky, it is tolerably certain that two reefs exist, and that further prospecting
will locate them.

CITY AND SUBURBAN GOLD MINING AND ESTATE COMPANY, LIMITED.

Formed in 1886.
CAPITAL—£1,360,000 in £4 shares ; all issued and fully paid up.
Directors.
E. M. GREEN (Chairman), JoHN FREEMAN (Deputy-Chairman), HUGH PARKER, DR. Soo'rr,
HENRY BALE, P. DAvIs, and P. F. PAYN.
Local Committee at Johannesburg.
LIONEL PHILLIPS, F. B. MARSHALL, and E. BIRKENRUTH.
Manager. Bankers.
T. Y. M. MAcFARLANE. THE NATIONAL BANK, LIMITED.
Secretary to the Local Committee. Transfer Secretary at Johannesburg.
G. R. AIR'rH. WARRE SMITH.
Secretary and Head Qffice.
W. M. HUNTER, Pietermaritzburg, Natal.
London Committee.
C. PARKER, G. H. RAW, and L. WAGNER.
London Secretary and Qfiice.
J. S. SHELDRICK, 96, Gresham House, Old Broad Street, E.C.
38 WITWA TERSRAND MINES.
£8. d.
CAPITAL Cameras—Original capital of the City and Suburban Gold Mining Com
pany: £50,000, of which cash .. 20,000 0 O
Vendors receiving 30,000 shares and £4,000 cash, leaving a working capital
of £16,000
On December 21, 1888, the capital was increased to £60,000 by the issue
of 10,000 new shares pro rata to shareholders, leaving 490 shares unissued 9,510 O
OO
CO O
00
OO
On September 10, 1889, the capital was again increased to £65,000 by crea
tion of 5,000 additional shares, sold at £12 128. 6d. .. 62,950
The 490 remaining
On July 16, 1892, reserve shareswas
the capital realized
increased to £85,000. Of the newly 6,038
created 20,000 shares, 10,000 were realized at £6 10s. . 65,000
In January, 1893, the balance of the shares were sold at £8 12s. 6d. 86,250
Total premium on shares sold £194,748. Total capital supplied £249,748 0 0
In July, 1895, the words “and Estate” were added to the title, and the capital‘ 65 raised to
£1,360,000 in £4 shares, each shareholder receiving four new £4 shares for each share held.
The conversion provided no cash.
ACCOUNTS AND FXNANCE—ACCOunts are made up annually to December 31, and submitted in
February following. The financial position of the Company on December 31, 1894, was as follows :—
s. d.
Cash in hand 11 15 0
Gold in transit 2,710 6 6
Bills receivable (sale of township stands) 29,029 2 8
Sundry debtors .-.. 3,252 10 8
Investments (Chamber of Mines) 300 0 0
£35,303 14 10
Liabilities. £ 8. d.
Mine accounts for December, 1894 15,773 14 4
Sundry creditors 6,637 14 1
Dividends returned and unclaimed 29 0 9
Kaffir wages 3,224 11 0
Due to Natal Bank 5,162 19 8 30,827 19 10
Leaving a balance to credit of .. 4,475 15 0
In addition to the above the value of stores on hand was . 11,349 4 7
£15,824 19 7
Balance-sheet and profit and loss account at December 31, 1894 :—
Balance-sheet.
Liabilities. £ 8. d. Assets. £ 8.
To Capital . 85,000 0 0 By Property account . . 49,615 10 mo?‘
,, Mine accounts for December, ,, Buildings 22,359 8
1894 (including native ,, Plant and Machinery :—
wages) 18,998 5 4 ,, Old works, £40,619 11 5 167 912 5
,, Sundry creditors 6,637 14 1 ,, New works, 127,292 14 4} ’
,, Dividends unclaimed 29 0 9 ,, Permanent works 27,130 13
,, Natal Bank, Limited 5,162 19 8 ,, Mine development 76,299 12 450cm:-0
‘<0omdo o o
,, Profit and Loss Account :-—- ,, Live stock 475 0
,, Balance at credit 281,807 7 11 ,, Furniture . .. 679 9
,, Tree plantation and fencing 2,155 0
l ,, Chamber of Mines deben
tures 300 0
,, Quartz account (ore at
grass) 4,355 8
‘ ,, Sundry debtors 3,252 10
I ,, Bills receivable 29,029 2
.‘ ,, Stock of Stores 11,349 4
l ,, Balance of gold account 2,710 6
l ,, Cash in hand .. 11 15
9
£397,635 7 l £397,635 7
 WITWATERSRAND MINES. 39

Profit and Loss Account to December 31, 1894, No. 1.

DI'- £ a. (I. Cr. £ 8. d.
To Mining expenses 81,552 17 9 By Gold account :—
,, Reduction expenses... 26,756 2 8 Mills: realised 131,068 16. 5
,, General charges 12,392 17 6 in transit 49,056 19 4
,, Cyanideexpenses(new works) 12,045 3 11 ,, Concentrates sold 4,221 5 7
,, Mine development redemp- ,, New cyanide works, realise 20,223 14 3
tion 27,120 12 0 ,, ,, ,, ,, in transit 18,804 9 2
,, Accumulated tailings, cost of ,, Accumulated tailings realised 29,328 10 7
treatment 15,592 5 7 ,, ,, ,, in transit 9,736 18 0
,, Depreciation... 24,316 8 0 ,, Slags sold 393 7 9
,, Profit... 64,011 3 5 ,, Otherrevenue(licenses,rents,
etc.) 953 9 9
£263,787 10 10 £263,787 10 10

The net profit for the year amounted to £64,011 38. 5d. after writing off two heavy items as
£27,120 128. for mine development redemption, and £24,316 824. for depreciation on buildings,
plant, and permanent works.

Profit and Loss Account to December 31, 1894, No. 2.

£ 8. (1. £ 8- d
To Dividend account: - By Balance from December 31,
,, DividendNo.12—-25percent. 21,250 0 01 1893 175,454 0 1
,, Balance 281,807 7 11 ,, Underestimated value of gold
in transit last year. Bal
ance .. 299 6 6
,, Proceeds of sale of 666 stands
(99 years’ lease) in town
ship .. 63,292 17 11
,, Balance of Profit and Loss
Account, No. 1 64,011 3 5

£305,557" 7 1i ,
Balance carried forward to credit of next year’s account. £281,807 7 11

Drvmnnns—
Year. £ 8 d.
1888 5 per cent. on £60,000 3,000 0 0
1889 50 ,, 60,000-—£65,000 32,000 0 0
1890-1892 Nil.
1893 100 ,, ,, 85,000 85,000 0 0
1894 25 ,, ,, 85,000 21,250 0 O
1895 75 ,, ,, 85,000 63,750 0 0

Total 255 per cent. £205,000 0 0

During 1894 extensive new works were completed, and mine development having been actively
pushed forward, a sum of £70,000 was expended under this head alone ; and this explains why only
25 per cent. was distributed for 1894. It is estimated that for 1895 175 per cent. will be avail
able for distribution.
DESCRIPTION OF PR01'ERTY.—Consists of (1) The freehold of a mynpacht on the farm Doorn
fontein, 144 morgen (288 acres in extent); (2) Freehold of a portion of the farm Turfl'ontein (166
acres in extent) and sundry blocks of claims. The freehold was purchased in 1891, for £13,000.
On this portion, which is proclaimed ground, the Company holds 79 claims; the remainder, equal
to 40 claims, is held under licences by other parties. The mining area comprises an approximate
total of 150 outcrop and deep level Main Reef claims, approximately situated as follows: On

-vlNl-!C:§F!YQ
l .1 1921*? A IND
' l -1.""\
‘n
\d"
40 WITWA TERSRAND MINES.

the outcrop, 2306 claims; 1st dip, 16-56; 2nd dip, 1540; 3rd dip, 14-40; 4th dip, 12-93; 5th
dip, 11-46; 6th dip, 1000; 7th dip, 10-43; 8th dip, 10-33; 9th dip, 833; 10th dip, 633; 11th
dip, 4'33 ; 12th dip, 2-33; and 13th dip, 0'46 claims.
The mining property has a length of 4,600 ft. on the outcrop of the Main Reef series. The
east and west borders narrow towards the south, both sides meeting in a sharp angle at the
extreme south, which gives the property a triangular shape. The approximate mining area is as
follows: The line of outcrop claims is divided into two blocks. The easterly portion extends over
2,240 ft.=15 claims on the outcrop of the Main Reef, and possesses deep level ground averaging
3,478 ft. in lateral depth (equal to about 7% claims deep, or about 115 deep level claims), making a.
block of 130 claims. The western block extends over 1,360 ft. on the line of the outcrop of the
Main Reef series, and possesses dip ground measuring 520 ft., or about 11% claims; after that
covering the dip ground of this block (width 1,280 ft.) joins on a block of claims belonging to the
Village Main Reef Gold Mining Company and Salisbury Gold Mining Company, averaging about
2,700 ft. in lateral depth, after which the City and Suburban Gold Mining Company possesses
a triangular block of dip ground averaging 1,280 ft. in depth, the north border of which is about
3,220 ft. from the outcrop of the Main Reef series. This block comprises 12 claims, which brings
up the total to 150 claims. (For plan, see Volume III.)
Locality : The Company is situated between the Jubilee Gold Mining Company on the west, 9
and the Meyer and Charlton Gold Mining Company on the east. It is in close proximity to
Johannesburg.
City and Suburban Co-mpany’s Township .' The Company secured from Government the
right of laying out a township on their property north of the reef on the western portion of the
property on the farm Turfl'ontein. 666 stands were sold in 1894 on a 99 years’ lease, realizing
£63,292 179. 11d., leaving 40 stands in hand, which will be disposed of during the current year.
A large revenue will be derived by the Company from these stands, besides the licences levied
on stands under these leases, of which half goes to the owner and half to the Government.‘ The
township is situated on the issue of the principal street of traflic of Johannesburg.

TITLEs.—The Company has purchased the freehold title of both portions of its property, and
its title is therefore unassailable. By virtue of these titles the Company receives half of all the
licence-money levied on claims belonging to other parties, and the gross revenue from this, source
amounted to £1,697 17s. 11d. for the year 1894.

COMPANY’S EsTATn—Tree-plantations to the extent of 130 acres have been laid out, from
which in time useful mining timber can be obtained.

MINING INTELLIGENCE—(a) Reefs .- The Company has mostly worked the South Reef and Main
Reef Leader. The proportion of the former has been greatly in excess of the latter, and of the Main
Reef proper comparatively very little has been taken, but it is beginning to give satisfactory results
when worked together with the Main Reef Leader.
(b) Width and Value of Reefs .

2nd level, South Reef, 45-6 in. wide Value, 30-8 dwt.
v n 1; 43'62 ,, ,, 43-79 ,,
4th 11 n n 3886 )7 ,, 40'5 ,,
5th 77 n 11 35.66 ,1 ,, 11'10 ,,
2nd level, Main Reef Leader, 32-96 in. wide. "alue, 15'32 dwt.
3rd- )1 n n 30 n 11 20.04 11
4th I) 17 71 40.33 ,, ,, 27'15 ,,
5th 11 77 a1 30 n ,, 16'50 ,,

(0) Dip of the Reefs .- The average dip of the reefs, as taken from the several levels, is about
30°, and the property is therefore well within the limits of the (so far) ascertained mining depth.
(d) Mine Development: The estimated amount of ore developed on May 31, 1895, was
145,430 tons of South Reef, and 246,044 tons of Main Reef Leader, or a total of 391,474 tons.
The development has now arrived at the seventh level; first level is practically exhausted, and
the second nearly. By means of 30 slugger drills the mine is being vigorously opened up, 25,000
tons being developed monthly, equal to 300,000 tons annually, which is far in excess of all mill
requirements. The following table gives all particulars of the work done during the year under
this head, showing the total tonnage mined and increase of ore-reserves from month to month.
 GNVHSHHIVMJIM 'SHNIIY 117

516}
3,393;
3,909
2,308 513‘
-"48 5,944 3,019
4,215
1,166
7,227
7,020 3555,2337 17,092 5,345
13,635
8,290
14,061
6,648 6,435
Mnnlhlyin
159-
“73:2 :” 575,;
-.:4:,H
334‘:38~&' [>1
[-4
anm '
1011s.I
tons.
101111.
tons.
tons —24 2,992
2,938
3,451
3,77 3,748
756
4881 11,274 4.6107,153
5,892
10,843 10,257
3,986
'2,543 6,318
8,090
14,408
10,766 9,050
15,485
9,288 90472 6 8,623|6,183
7,473 614,130
,9,313
8,923 14,806
11,447 8,15,173
7,124 06,592
12,18946 ,1_533161116905
27'7,1.|_ V 62,18973,484
1 4,174

5l
ag
3,:.:
116,005 109,849 6,156
Tons.

emlnod
Tonn
-__l

641—,—
46
1,002- 62‘_'-
73
999- 93
59
1,515
- 8119 2,267_— 56146,—
2,094- 65
86117 18
79 30
1,701— 62
10
15
1,845
-— —,50
2,046_- 19168
1,835
_-— 25145
45
1,836- _- -111—
~185
1,943 1.587_
75 ‘20,670
101,422
‘544
452
75 ‘813%
mined,
Ore
asabove
M .4";
gA.:,..~ 3 3 8"2
P1133
.ag 8Ao15 11.;11.1
1'1.
11.u.
6. Less,
m1lled
124,491 812,149
ore
Ora
surface
at
Cand
Srtoasti-ocnust.
m“ =5
2gg
2‘: 2
[-1
101:9
9;h
l

l 27.1
‘Z_____

PMonthly
of
Mining
aO1894.
rpteiyear
crualtarisons, Csof
Oolrfor
last
three
mue-tprcaemyears.
rsear'tvneilsve
175,533. eased
stof
180
astamps,
mping-power
Total.
Level. 2nd
588
Reef
Mnin
Leader Wlnzes
and
Rises.
61111211611. ‘ _= 23 52 63 10 '14 23 185

Level. 5111
63" ‘676
719

Level. 4111 1 Beef

Main
Leader.

Number
feet
of
risen,
driven
and
(of
bunk
estapes).
xclusive
1,059
LOVGI. 3rd 1 801 8.
54,932 61,359

53
Main
Reef
Lender
and
Ixvel. 2nd :3 8’. §
Level. 6511 " 27 1
107173‘
1 l A 1 l 230i
, 1 1,887i
135 1.110
with
incr
even
Drives. Level. 5611 l f: ~—
,_ 6:
M w
u 229
1
123 2101 221 282 3138 307 237..‘ 247 123!
245 2,416
3,070
Level. M11 Reef.
South
further
the
cithe
mill.
onat
an
ctremapsleasted
#1 tons.
57,25563,132186,616

566|806{855’
339
11
£114
141 141451 151
Level. 71.11 1 P
South
Reef
Wines.
51‘
35

Level. 3rd :3
which
laces
mi
the
Ehsfla
South
Reef
Drives. E’
E
3E’
I“ 25
274;
219
24
40_ 19_ 149!
6817511196186 64,
42
196
195-_ 332
99
21712168
956
499
74;
'9—5 I l | 17
330I
55i17o
77- 11
1131
26
22 25:—
72 49 112'
222
91 50
22
207 106';—
45 18 154‘—
40
233
114 30
164
249— 27
14
127
94
162_ 19
165!—
254
141
- 226',
33
136
225_
I
a.11.
n. is,
§
,5
1:;
1:>1,5
, l
1 31,December
December
1892 1893
31, D31,
1891
ecembe.r

E
5
1.... 0
‘.1:
-::
a

132;
g
August September October November December
Months. January February
March April
May June July
T095118
42 WITWATERSRAND MINES.

Output for 1894: During the year 1894 the total quantity of 109,849 tons of ore were
crushed, of which 60,649 tons were South Reef and 49,200 tons Main Reef Leader and Main
Reef. The average duty for the 130 stamps going was 3,629 tons per stamp per day, which is fair
duty, taking the light 50-stamp mill into consideration. The smelted gold produced was 49,823 oz.
8 dwt., giving an average of 9-071 dwt. per ton. 565'9965 tons of concentrates were produced by
2h;230(-1stza.mp mill, of a value of 1,863 oz. 18 dwt. 1 gr. The average free assay of the tailings was
' wt.
The total output for the year is composed as follows :—
From mills 49,823 oz. 8 dwt.
,, new cyanide works ... 11,901 ,, 0 ,,
,, old ,, ,, 13,541 ,, 2 ,,

wag-“191%
The new SO-stamp battery and cyanide works started on July 5, 1895.
Concentrates.
oz. dwt. oz. dwt. gr.
During 1892, 303 tons of concentrates were caught, yielding 916 1736 value 3 0 124 per ton.
, 1893, 464 ,, 1444 lb. ,, ,, 1567 1875 ,, 3 7 11'46 ,,
,, 1894, 565 ,, 1993 lb. ,, ,, 1863 1805 ,, 3 5 20'05 ,,
Tailz'ngs: The new cyanide works were started on July 5, 1894, and treated during the
period up to end of the year 56,974 tons of tailings obtained from the batteries (130 stamps)
while the old cyanide works were kept going on the accumulated tailings from the old BO-stamp
mill. The following figures give the tonnage treated, yield and percentage of extraction since the
treatment by cyanide was started by the Company :—
Old Works (accumulated tailings)—
- Tons Assa Tfine . ld
tal gydlil. t.
E graioiin
t Left
' in
Period’ treated. valug: Percentage‘ 8113338“???

dwt. . oz. dwt. per cent.

1893 24,408 8016 5986987 4905 60'19 3981
1894 48,336 56521 9455489 3912 6902 3098
New Works (tailings from mills)—
1894 (six months) 56,974 5944 9329765 3275 5509 4491
The lower percentage obtained from the new works is explained by the newness of the
plant, the starting of which necessarily involves a loss of gold which is afterwards avoided,
thereby increasing the percentage. A further reason of the low percentage in 1894 was the
large amount of slimes dealt with.
Value of ore, yield of gold by means of amalgamation and of concentration, and percentage
of extraction: In 1892 the average value of 46,459 tons crushed was 18'583 dwt. per ton, of which
Per cent.
12'538 dwt. per ton were recovered by amalgamation = 67470
0395 ,, ,, ,, ,, concentration = 2126
5650 ,, ,, remained in tailings for re-treatment = 30404
Total dwt. = 100'
In 1893 the average value of 49,805 tons crushed was 22-2009 dwt. per ton, of which—
Per cent.
15'1702 dwt. per ton were recovered by amalgamation = 68331
06296 ,, ,, ,, ,, concentration = 2836
64011 ,, ,, remained in tailings for re-treatment = 28833

Total 22-2009 dwt. = 100'

In 1894 the average value of 109,849 tons crushed was 15'0632 dwt. per ton, of which—
Per cent.
9'071 dwt. were recovered by amalgamation = 6022
03401 ,, ,, ,, concentration = 2'26
5'6521 ,, remained in tailings for re-treatment = 3752
Total 15'0632 dwt. = 100'
1894The following table gives the details of milling results for the year ending December 31,
43

. A
v a . . I _A . 1 mm N. we “:5 Om;
wmmb 2 2 .
e82 @822 .
2.2“ 22¢ .
23 082. e38 was 8 a: ‘5:3
_w Seeoj
. ..
.vmmb 2 2 a: 83$ 23 2 8%. 23 N22 25 2% 1... a A 2 Q2 5285
wvmb 2 e 8 Eesmm 2mm 2 2% 23. 22.2 2} 8% 3 m _ as 02 ..225.52
222 22s 2 2&6 $3 92.2 was some 2 Na _ 2 e2 225
WITIVA TERSRA ND MINES.

much 2 2 22 I
“womb 2 2 82 32.2 85 2 e26 $2. 22.2 83W 226 2 ms :2 .ifissaew
mg .m @ 2 2 @822 $3 2 2% $3 $2.2 8% an? N. 2 8 e2 2&5.
a»; .m 2 2 :2 23.3 83 S 8.2. 22." m3: ~86 53 E e 8 Q2 bi.
mosh 8 0 s2 22% 80.2 a mass are 83. as; 83 2 m 2 on 23.
carve 2 2 2: 22.2 230. a e2; 35 20.2. 53 m8.“ 8 2 a S is
mat 2 a 22 82.2. 2.2 2 $3 5% 82m as e2.“ 5 2 mm 8 Ea...
gm a w 22 $2.2 $0.2 2 $3 $3 2.2 _ as. gas a... 2 a 3 222
emmvw e 2 2: 22.5 252 2 21s ewes 22$ 2a was we 2 we 3 5:52
wwob N. 2 m2 022% 2P2 2 was.“ 83 8a.». 2e 2e.“ 2 s 2 8 tease
Fm .2; do Jag .fisQ .nO .Hoom 53A
. .Eoqguomn doom
dB .Sm QGOH. .1308 1:3 .7333 .mims .whm ‘aha-AH .Mhoa udw 4.3902
. hwm JQEOW
638? ~83. 28H. 3% ~80? “cam :22
‘
as? . _ . o . co:
we 53.5w m8 a
aemw< QRJQEMEMOU .TEEZO omaccom. .wEEEM v55. .3555 .32
Ewwwwwonwomaomfimwuwohmoo n
ouch-57¢ A
As: was 2&5 8182s? as m 2;. E5 52. 3 @558 $2 35 25% $1.32 5.2 538% Fig
 44 IVITWATERSRAND MINES.

WORKING EXPENDITURE AND REVENUE—The cost per ton for Mine, Mill and Cyanide Direct
Treatment Works for 1894 is arrived at as follows :—
s. d.
Mining expenses (including proportion of maintenance) per ton 14 10179
Reduction expenses ,, ,, ,, ,, 4 10458
General expenses and general maintenance ,, 2 3076
Redemption of mine development ,, 4 11-253
Cyanide expenses (new works) ,, 2 9394

(Exclusive of depreciation) Total 29 8360

Comparative statement of expenditure and revenue for 1892—3-4 :

1892. 1893. 1894.
£ 3. d. £ 8. d. £ 3. d.
Cost of mining and milling, per ton 1 7 3718 1 12 102639 (including cyanide
expenses) 1 9 8-360
Depreciation ,, ‘0 11 4392 0 4 101236 0 4 2150

1 18 8110 1 17 83875 1 13 10510

Profit per ton by amalgamation 0 7 4304 0 19 72443 (including gold from
tailings) 0 8 8458

Value of gold per ton ,,~ £2 6 0-414 £2 17 36318 £2 2 6968

The high profit made in 1893 is largely due to the higher grade of ore then worked, while in
1892 and 1894 lower grades were disposed of; in the last year also larger quantities of the Main
Reef were crushed. The yield per ton in 1892 was 12-538 dwt., in 1893:15'7998 dwt., and in
1894:9071 dwt., exclusive of tailings.
The average cost, however, since the starting of the new works (July 5, 1894) has been as
follows :—
£ s. d.
Mining 0 13 59226
Milling O 4 54709
General . 0 1 82162
Redemption 0 5 0
£1 4 7-6097
Cyanide expenses 0 2 9-3947

Total £1 7 50044
being a reduction of 83. 2'6542d. per ton compared with 1893 figures.

Gold-production, and Loss and Profit for the last four years.
‘ I L_-n
Period- 0321112,,’ Yield- Value; Mill- ,Concentrates. 'l‘ailings. Total Value. Profit and Loss.
1 l
i oz. £ a. 0!. £ 0. d. , £ a. d.i £ a. d £ a. d.
l ‘ ‘ Loss.
1891 l 81,868 12,409 44,598 17 2 - . — l 44,598 17 2,' 11,33?0 fi1t. 9
1892 ~ 46,459 29,124'6 106,935 18 2 2,048 a 3 478 14 2.‘ 109,460 18 7! 20,878 19 1
1893 49,805 37,777'7 138,974 1 91 3,723 16 11 25,051 0 8 167,748 19 4 68,892 0 1
1894 109,849 49,823'4 180,125 15 91, 4,221 5 7 78,486 19 9 262,834 1 1 64,011 3 5
5 237,976 4 129,134'7 470,634 12 10: 9,993 8 9 104,014 14 7| 584,642 16 2 a,Blll. 142,453 0 10
I

The total value of gold produced by the Company since the beginning of milling operations
to December 31, 1894, is £689,761.
The following statement gives. all the details in connection with the expenditure during
the year 1894 :—
 45

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 46 WITWA TERSRAND MINES.

i v -_ 2* Statistics
‘mm of Monthly Revenue for the year 1894.
Revenue. , Profit.

1694. . , ' ,1 7"— i — '

“a_ ‘ g '3 ‘ l- u-g -'-‘-. g: ;, Accumulated
talings. i >I - M‘ _ 1,‘ $5 3,;N
-- 2
Months. 7; ‘g 2'52; 1 :3 b 1’ Value of gold re- , 2 3 me account ,‘ Z‘? :35 a.
= g g ‘c: l E g‘ "g 2 1 covered. ' E 5 l 'g 1’ 5g,‘ 3'
9 512 is
,'
3 1—-~—.
Total. per ton. v
6 >-'~,~'
Total. ]per ton'
.2 , s s
2 s e ls. d. 2 I 82.76.! £ .2 8. 71:’ e e 6
January 9,077, 369 - 46 6 109 , 4,788 23 2 14,363 2,643 12 21 109 3,365 6,117
February 7,762, 377 - l47 1 98 . 4,966 l 24 7 13,194 1,160 5 31 98 3,561 4,619
March 9,673, 447 _ ‘,34 0 34 1 4,129 1 21 8 14,263 3,072 14 6! 34 2,815 3,922
April . 6,936, 361 - 47 9 63 f 2,792 5 14 1 12,174 2,589 11 0‘ 63 L1,434 4,066
7 1 ,‘ I
May 7,1281 452 — !37 1 29 5 1,221 j 6 2 , 8,831 465 2 8. 29 129 865
June 9,253 837 —- I45 9 41 ‘ 3,047 ‘ 12 11 12,678 2,688 12 9] 41 1,378 4,107
July 16,674 898 1,878 ‘38 6 61 I 2,761 18 8 21,772 3,445 6 7 61 1,542 5,047
August...
September 21,003;
22,506 239
248 6,149 36 102
7,526 38 27
17 ,i 2,791
3.174 I,‘ 13 7
16 8 30,231
88,47‘. 7,672
8,992 10
11 8,!
6 27
17 1,673
2,036 9,373
11,045
October 19,088 856 6,595 [86 10 215 I 8,179 ' 15 5 29,433 5,267 7 5l 215 1,945 7,427
November 24,264l 184 8,484 ,43 1 81 8,136 15 10 36,148 12,508 16 4 81 1,975 14,564
December 24,749’ 413 8,396 i44 0 178 8,472 I 16 11 37,208 12,618 16 6, 178 2,271 15,067
I , , PlusTownshyip Interest 388 388
o . . h 1, __ .n...... ___h_ - A, .11., .iofi ____‘_..1._‘i__ _.1.._
Totals... £180,125, £4,221 I230,026,712 6 £933 £39,436,- 16 3 ,£263,767 £63,507 ‘12 10‘ £953 ‘£23,866 £66,327
Balance brought down .. £88,327
Less depreciation as per profit and loss account 24,816
Net profit for year 164,011

EQUIPMENT.—The new works erected and in going order since July, 1894, are of considerable
magnitude, and consist chiefly of one 80-stamp high mill, Fraser & Chalmers’ make, heavy
type, 956 stamps with 93 drops per minute. The battery has been erected in the centre of the
property, just north of the Main Incline shaft and the Main Reef outcrop; and 40 more stamps
have been added. The old mill consists of a 50—750 lb. Sandycroft battery, multitubular boilers
and compound engine. At the old main vertical shaft 6 10-in. Cornish pump is stationed, worked
by a compound condensing engine (Hornsby), which also runs three drill compressors and winding
gear.
The mine has three shafts; namely, the main incline shaft, main vertical shaft and west
shaft.
West Shaft: This shaft, which is sunk upon the reef, goes down at an angle of about 45°. It
is fitted with a head-gear 30 ft. high, and the usual grizzlies and bins. The winding engine is by
Hornsby, and is supplied with steam by one 20 hp. Hornsby boiler. The ore from this shaft is
trammed down to a large underground bin, communicating with the main incline, in which there
is a loading station, where this ore is filled into the main incline skips and hoisted by them to the
grizzlies. The shaft’s dimensions are 11 x 4 ft., and on March 31, 1895, it was 598 ft. deep.
Main Vertical Shaft: This vertical shaft is fitted with a head-gear 63 ft. high, and is
furnished with fine and coarse bins, grizzlies, small sorting floor and crusher .plant. On the sorting
floor about 20 per cent. of the rock hoisted is sorted out, the, rest being passed to waste. The
crushers are by Blake Marsden, and are two in number. The winding engine is a powerful geared
engine, with cylinders, 12 x 24 by Hornsby. It hoists all the ore from the mine which is required
for the old 50-stamp mill, which it entirely supplies. There is also here a lO-in. Cornish pump,
made by Hornsby, driven by a compound condensing engine. This pump is at present idle, as all
the water in the mine is being handled by the electrical pumps in the main incline. Here is also
a 10 x 18 horizontal engine driving the crushers. It is not intended to continue the sinking of this
shaft, as when the old 150-stamp mill is shut down, the whole of the work will be done through
the main incline.
Main Incline Shaft: This shaft goes down at an incline of 30°, and is 20 ft. in the clear,
having four compartments, viz., two 4 ft. 4 in. hauling compartments, one 4 ft. 4 in. sinking
 WITWA TERSRA ND MINES. 47

compartment, and one 5 ft. 6 in. pump and ladder~way. On March 31, 1895, the depth of
the shaft was 1,213 ft. It is equipped with a pitch-pine head-gear, 60 ft. high, on which
are carried three grizzlies, two for the hauling compartments, and one for the sinking com
partment; a bin for the rock from the sinking compartment, a fine bin and a coarse rock bin.
At the foot of the grizzlies is fitted a hopper, from which the ore is distributed by means
of specially designed gates and shoots to the sorting table. This table consists of an iron ring
2 ft. 6 in. wide, and carried by arms revolving around the central spindle, which is driven at the
rate of two-thirds of one revolution in a minute by screw gearing placed underneath. A sprinkler
is fitted first to the hopper, from which water is run for washing the ore, enabling the natives
standing around the table to distinguish the banket from the barren rock, which latter is picked
out, thrown over the inner edge of the table into the hopper which stands below it, whence it is
trammed to the waste dump. The ore which remains on the table travels round with it, and is
pushed off by an arm carrying prongs into a No. 6 Gates’ crusher which crushes it. Thence the
rock falls into the ore bin which is arranged below. There are six shoots on this bin on each side,
one set for the fine rock which is passed through the grizzly, and the other six for the rock which
is passed through the above-named process. The whole of the above-named gear, namely table,
crusher, and a small centrifugal pump for elevating water to the top of the head-gear, are all driven
by line shaft mounted on top of the bin, which in its turn is driven by a multiple endless wire rope,
which is actuated by bevel gear driven by the mill engine. A complete tail rope system of haul
age conveys the rock from these shoots before mentioned round a right angle bend, and up a 20°
incline to the mill, where it is tipped into bins. The mill is arranged for 80 stamps in line, and a
further 80 stamps are now being placed back to back with these first, the whole system of
drivage having been laid out so that the extra 80 stamps with their driving pulley can be laid
down and operations started without any alterations to present arrangements. In the engine room
are arranged a 600 h.p. triple expansion engine, and a 300 h.p. Riedler compressor. The triple
expansion engine is capable of driving the 160 head mill, the machinery already described on the
head-gear, the boiler feed pumps, the elevator wheel which lifts the tailings to the cyanide works,
the endless rope haulage system, by which the residues from the cyanide works are run out to
dump about 800 yds. off, and finally the tail rope haulage, by which the ore is hauled from the main
shaft to the mill. Four dynamos are laid down in the engine room, and are employed for lighting
the mine on surface and underground, and for power transmission for the following purposes ; viz.,
pumping the water for the mill, cyanide works, boilers, and all other purposes for which it is re
quired to work the mine, driving the mine pumps underground; the machinery in the cyanide
works, the workshops, the No. 2 elevator wheel, and any other purpose for which current may
be required. The dynamos are of Dr. Hopkinson’s design, and have a total output of 230 h.p. The
air compressor is a 300 h.p. compound vertical two-stage compressor, capable of running 23 drills
at full pressure of air. It is probably well known that the two-stage system has several advan
tages over the ordinary one, the principal being that the air is discharged from the compressor at
a lower temperature and in a much drier condition than with the ordinary compressor, this advan
tage being specially due to the intermediate cooler. This machine, with which considerable trouble
was at first experienced, is now satisfactorily working 21 drills. Next to the main engine room is
the hauling engine room, in which are placed a 10 x 22, 4 to 1 geared Tangye hoist of single 5-ft.
drum used for sinking only. The main hoist is a direct acting 16x 60 Corliss hoisting engine,
with 8-ft. drums. This engine is so designed that, in starting, the full steam pressure can be
obtained on both pistons in any position, and on the engine attaining its full speed it can be regulated
not by. the throttle, as in the ordinary hoisting engines, but by connecting the trips to the Corliss
valve gear, thus attaining the greatest economy possible. These trips are operated by the same
lever which moves the throttle, with the result that the engine driver takes the place of the
governor in the ordinary engine. This hoist is capable of handling a 3-ton skip in the shaft at the
rate of 2,000 ft. per minute when required, or of going as slow as it is necessary. Its economy over
the ordinary hoisting engine is at least about 30 per cent.

Boiler Room: Next to the hauling engine room is the boiler room, in which are at present
three 16x6 Turner boilers, and six pair of 16x4§ Ruston &. Proctor boilers. These latter are
set in pairs, as at the Crown Reef, in the same brickwork setting with return fines, and give a
much higher efficiency than when set singly. Behind the boilers in the main flue are two Green’s
economisers, around the tubes of which the gases from the boiler’s furnace circulate on their way to
the chimney, thus heating up the feed water before it passes into the boilers. A feature worthy of
notice on this point is the way in which the feed water is supplied to the engine boilers. The com
pressor and mill engine both have surface condensers, in which their steam is condensed and passed
into the hot well : any deficiency in the feed is made up by admitting a small jet of water into one
of these condensers, and thus the total feed water passes into the hot well at a temperature over 100°,
thence it is pumped through the feed heater, where it is warmed by the exhaust steam from the
48 IVITIVA TERSRAND MINES.

hoisting engines, passing from these heaters through the tubes to the economisers, where it is
further heated, into the boiler, thus effecting a considerable saving of fuel, amounting to about 25
per cent. over what would be the cost should cold water be used.

Cyanide Works: The pulp from the mill plates is conveyed by a launder to the tailings
wheel, being sampled by an automatic sampler on the way. The tailings wheel, which is 37 ft. in
diameter, is built on a new design by which the wheel can be constantly kept in tension, preventing
its working and the consequent strain which has resulted in the breaking of the shafts of so many
wheels on these fields. This wheel elevates the tailings 28 ft., and delivers them into a series of
three small Spitzkasten on the same plan as described at the Crown Reef and Henry Nourse mines.
After passing these preliminary classifiers, the pulp flows through two larger ones direct into the
main leaching tanks, which are 40 ft. x 33 ft. Gin. x 9 ft. 8 in. deep, and are constructed of brickwork
on a concrete bottom, the whole being plastered with cement inside and made water-tight. The
residues are discharged through three large cast-iron doors in the front wall of the tank, these doors
being 10 ft. high x 4 ft. wide; through these doors the trucks for discharging the residues are run
on rails on the level right inside the tank, and when filled are run out by mules and hauled on to a
mechanical haulage rope, which conveys them to the dump, thus enabling a great saving to be made
in the handling of, the sands. The sands run to these tanks as above are distributed by means of a
hose, which is moved about by a Kafiir, so as to distribute the tailings equally all over the tank.
Slimes gates are employed to admit of the escape of the slimes; the height of these gates being
regulated by inserting slats between two grooves in the upright posts of the gates, the top of these
slats being kept from 3 in. to 6 in. above the level of the sands in the tank. The slimes passing off from
these, as also those from the large Spitzkasten, are at present conveyed by launders and a tailrace to
the slimes dam. It is, of course, intended to erect a slimes plant to treat these as soon as that
process shall have been settled upon. The sands, being deposited in the filters, are leached by
cyanide solution of strength varying from .5 per cent. to '08 per cent., and the liquor containing
gold is run down through iron pipes to the extractor house, which is situated some considerable
distance below, so as to give fall enough to create a slight vacuum on the bottom of the filters.
Arrived in the extractor house, the liquor is passed through zinc extractors, where the gold is pre
cipitated,fiowing thence into the solution sumps, which are 32 ft. square by 12 ft. deep, built of
brickwork and concrete, plastered with cement in the same manner as the filters before described.
In this extractor house are situated assay oflices, laboratory, and smelting and retorting room at
one end, whilst at the other is the electrical motor which drives the lathe for making zinc shavings,
and two centrifugal pumps which pump the solution from the solution sulnps 11p on top of the
filters, delivering about 18,000 gallons per hour. This machine also operates the vacuum pump, by
which, when required, a vacuum of ten or twelve inches of mercury can be easily obtained, thus
greatly facilitating and increasing the percolation in the filters. Owing to the increase of the
stamping power of the mill as described above, it has been necessary to add to the capacity of the
cyanide works. This will be effected by introducing the double treatment, which is fully described
under the heading of the Henry Nourse Mine, in the following manncrz—A No. 2 tailings wheel
will be erected behind the present leaching tanks, which will elevate the fine sands to the Spitz
kasten required for separating them from the slimes, and from these Spitzkasten the sands
will be run direct into four large iron leaching vats, each 45 it. in diameter by 8 ft. deep.
These will be supported by trestling directly over the present brickwork leaching tanks, and
will be provided with bottom discharge doors, through which the sands—after the primary treat
ment has been concluded—will be shovclled into the existing tanks, where the treatment will be
completed. Thus, not only will the capacity of the plant be doubled, but the additional advantage
of the double treatment will also be secured. The coarse sands will be treated in the two
32x8 ft. iron tanks in which the concentrates are at present being treated, and a new con
centrating plant will be erected on the double treatment system, consisting of four upper tanks of
wood, 22 ft. Gin. in diameter and 5 ft. deep, which will discharge after the primary treatment is
completed into two lower ones of iron, 25 ft. in diameter and 6 ft. deep, in which the treatment will
be completed, and from which the concentrates will be discharged by shovelling over the sides into
trucks placed alongside the tank.

Workshops: The workshops on this mine, while extensive and well found, differ so slightly
from those described under heading of Modderfontein, that the description of the latter will easily
apply.
 WI 1‘ WA TERSRA ND MINES. 49

FINANCIAL STATEMENT snowmo CAPITAL EXPENDED ON THE MINE AND STILL To an RECOVERED :—
Balance carried forward to credit of profit and loss account, December 31, 1891 £38,546 3 2
Net profit for year ending December 31, 1892 20,878 19 1
Dividends paid to December 31, 1892 35,000 0 0
Net profit for year ending December 31, 1893 68,892 0 1
Underestimated value of gold, December 31, 1893 886 0 0
Net profit for year ending December 31, 1894... 64,011 3 5
Underestimated value of gold, December 31, 1894 299 6 6
Proceeds of sale of stands 63,292 17 11
291,8)6 10 2
Less premium on shares realized up to December 31, 1891 63,498 0 0
228,308 10 2
Plus total capital supplied 249,748 0 0
Total capital
dividends
supplied
paid, 180
fromper
all cent.
sources £141,250 0 0 478,056 10 2
Expended on property account 22,500 0 0
163,750 0 0
Net amount sunk in the mine 10__2

Against which the assets, which stand in the books of the Company at considerably more than
£400,000, after allowing for all the depreciation written off in the course of years (the property,
however, being taken at the original cost only, namely, £48,595 10.9.), are to be taken into account.
'GENERAL REMARKS.—4O stamps have now been added to the 80 heavy stamp battery, which
will enable the Company to dispose of some 5,000 tons of ore per month more than were treated
up to the middle of 1895. This, it is anticipated, will increase the profits of the Company from
£15,000 to about £20,000 per month, which will enable the Company to pay 175 per cent. in
dividends during the current year (1895), besides paying for the additional works. It is intended
to add another 40 stamps, to make altogether 160 stamps under the same roof. This arrangement
will prove economical, as the motive power of the battery engine is capable of driving the addi
tional 80 stamps and more. This will result in a reduction in working costs and a proportionate
increase in the profits. Once the new works are completed, the whole of the profits will be
available for distribution, so that the rate of 175 per cent. dividends as contemplated for this
year should be exceeded next year. This 175 per cent. is reckoned on the old £1 shares. It is
of course equal to about 11 per cent. on the new £4 shares. The Company has secured its deep
levels, the latter being secured to a depth of some 3,000 ft. The magnitude of the works, the
capacity of mine, and the prospect of reducing working expenses and increasing the percentage of
gold recovered, make the future of the Company a promising one.

CONSOLIDATED ANGLE-THARSIS GOLD MINING COMPANY, LIMITED.

Formed in 1889, and reformed in January, 1893. \

CAPITAL—£92,500 in £1 shares; all issued and fully paid up.

Directors.
R. G. FRICKER, F. A. ENGLISH, S. B. HARSANT, E. H. DUNNING, G. A. Joxns, J. S. PARKEQ,
and F. BLoon.
Secretary and Oflce.
S. B. DOWLING, Bettelheim Buildings, Johannesburg, Transvaal.
FINANCIAL HIS'l‘ORY.—The original capital of the Angle-Tharsis Gold Mining Company was
£75,000. Appropriation .' Vendors and promoters, £40,000, and subscribed at par, £20,000. Subse
quently 10,000 out of 15,000 reserve shares were sold, leaving 5,000 in reserve. On July 3, 1891,
the capital was increased to £105,000; the 35,000 shares created were given in exchange for 39
claims lying south of the Nabob Gold Mining Company. On December 5, 1891, the capital was
reduced from £105,000 to £50,000, and increased to £75,000, shareholders having the right to sub
scribe 1 share at par for 2 held. In January, 1893, the assets of the Angle-Tharsis were sold for
voL. I. E
50 IV] 7' IVA TERSRA ND MINES.

shares to a Company called the Consolidated Angle-Tharsis Gold Mining Company, which also
acquired the property of the Tharsis Gold Mining Company. The latter property was sold up, and
bought in by the original bondholders—the Marais Reef Gold Mining Company and East Anglian
Gold Mining Company. The consolidation scheme was carried out on the following basis :—
APPRoPRIA'rIoN.—- _
To the Angle-Tharsis Gold Mining Company 26,142 shares.
,, Marais Reef Gold Mining Company 15,000 ,,
,, East Anglian Gold Mining Company and P. G. Davis 12,858
Reserve
Workingshares
capital .. . 13,000 ,,

@0900
The working capital of £13,000 was soon exhausted, and a loan of £6,000 was raised. In
April, 1895, the remaining 13,000 reserve shares were issued. In May, 1895, the assets of the
Nabob Gold Mining Company, in liquidation, were acquired for 12,500 shares, raising the capital
to £92,500. In July, 1895, the Nabob shareholders received a first distribution of 16 Consolidated
Angle-Tharsis shares for every 100 shares held.
PRDPERTY.——-Th6 property originally consisted of 15 claims, of which one was situated on the
outcrop and the balance on the dip. Subsequently 39 claims to the south of these and the Nabob
Gold Mining Company were acquired, making a total of 54 claims, which, however, on re-survey
were found to give a total of 42 claims only. Subsequently the property was added to by the
absorption of the (old Tharsis Gold Mining Company’s) mynpaoht, No. 103, on Klein Paardekraal,
in extent 118 morgen, 184 sq. roods=250 acres. The mynpacht is held at an annual rental of
£800. This acquisition gave the Company a further 101 claims on the outcrop besides others on
the dip, giving a total area of about (more or less) 60 reef claims. The Nabob property acquired
consists of a mynpacht on Klein Paardekraal, 12 morgen in extent, giving about 1,600 ft. on
the line of outcrop=11 reef claims. The major portion of the South Reef has been exhausted
in these claims, but the Company owns a further block of 13 deep level claims untouched, south
of the Kitsey Syndicate. (For plan, see Volume III). Locality: Situated on the proclaimed
farm Klein Paardekraal, bounded on the east by the Langlaagte Star Gold Mining Company, on
the west by the Main Reef Gold Mining Company.
DEvEmPMENT.-—-On taking over the Tharsis property it was found that most of the drives and
stopes had caved in. The Nabob property was held under lease for one year ending November
1, 1893. The agreement was not renewed, and thereupon lapsed: but the property, as already
stated, was subsequently acquired. The Nabob ground was in a bad state, and cost the Consoli
dated Angle-Tharsis much to timber it up and make the mine safe. Water seriously interfered
with the work. The first level of the Angle-Tharsis gave poor results, whereupon the mill was
shut down in October, 1893. In the Angle-Tharsis shaft the second level has been driven upon,
and in the Tharsis shaft 273 ft. has been driven on the first level.
WIDTH AND VALUE OF THE REEFs.-—The Main Reef is a very large body, being 10 ft. thick
in some places, interleaved with sandstone. The value is low; but the South Reef is of good value
though split up into two or three sections by sandstone ribs, the width varying from 1 to 2 ft.
The crushing operations of the two Companies, viz. the Tharsis Gold Mining Company and
Angle-Tharsis, working separately, together returned more than 11,000 oz. of gold, showing a fair
‘average value to the ten. The results were as follows :
Year. No. of oz. Average yield.
1889 1,532 9'81 dwt.
1890 6,090 8'2 ,,
1891 216 4'42 ,,
1892 659 7'85 ,,
1893 2,635 5'38 ,,

Total 11,102 7'13 dwt.

The mill ceased running in October, 1893, and the directors in their annual report stated that
operations had been carried on at a loss owing to the low grade of ore developed in the existing
levels, and that before work could be resumed fresh capital would be required.
EQUIPMENT.—Consists of 30-stamp mill complete: one 25 h.p. engine and boiler, one 14 h.p.
‘Turner engine and boiler, one 16 h.p. engine and boiler, one 12 h.p. winding engine and boiler, one
pum ing engine, one 16 h.p. Ransome high-pressure pumping engine, 2 Chilian mills, one 12 x 20
in. angye pumping engine.
 IVITWA TERSRAND MINES 5!

MILL AND CRUsHING OPERATIONS.—The Company at first started with 10 stamps, subsequently
increased them to 20 stamps, and crushed until October, 1893. Meanwhile the mill was increased
to 30 stamps, but the last 10 stamps were not used.
GENERAL REMARKs—The results obtained, giving a recovery of 7'14 dwt. over the plates,
indicate the value of the ore contained in the property. The results during 1893 were unsatis
factory. Bearing in mind, however, that the mine was in a backward state of development, and
that purely “brown ore” was being put through the mill without sorting out the waste rock,
it is reasonably assumed that in getting down to the lower levels—the pyritic zone—the reef will
be of a payable nature. The past year’s operations (1893) can hardly be looked upon as a
criterion of the value of the mine.

CONSOLIDATED DEEP LEVELS, LIMITED.

For-med in September, 1892.
CAPITAL—£200,000 in £1 shares ; 187,250 shares issued and fully paid up.
Directors.
HAMILTON S.\IITH, Chairman (alternate H. C. PERKINS), DAVID H. BENJAMIN (alternate LIoNEL
PHILLIPs), JosEPH S. CuRTIs, CAPT. THOMAS MEIN (alternate H. W. GLENNY), and
KARL F. WOLF (alternate G. SoNN).
Secretary and Head Oflice.
R. V. MIDDLETON, Johannesburg, Transvaal.
London Agents and Ofice.
The Exploration Company, Limited, 30, St. Swithin’s Lane, E.C.
CAPITAL—The Company was formed to purchase 194 claims at the Rand (known as the “S ”
Syndicate), bought for 145,000 of its shares; and 40,000 shares were issued at par, providing
£40,000 of working capital. Subsequently 2,250 shares were paid to the Simmer and Jack
Company for the right of mining under a portion of its werf ground; and an eighth interest in
the East Rand Syndicate was purchased for £7,575 in cash. The total paid for the assets has
therefore been £147,250 in shares, and £7,575 in cash, or £154,825 in all.
GENERAL HISTORY—Th6 Company started with 194 claims, and increased these to 2041; claims
by purchasing the right to mine under a portion of the Simmer and Jack Company’s werf ground
for 2,250 shares. In addition, it acquired an eighth interest in the East Rand Syndicate for
£7,575. All of the Company’s interests have now been capitalized. In 1893, 59 claims were sold to
the Geldenhuis Deep for 73,500 shares. The Company did not retain these, but distributed them
pro rata among its shareholders. In the same year 44 claims, together with a one-third interest
in 11 claims (purchased for £400), were sold to the Rose Deep for 83,366 shares, while the Company
further had the right (which has been duly exercised) of subscribing for 41,683 more shares, at
par. In March, 1895, the Company guaranteed two-fifths of an issue of 25,000 Rose Deep shares
at £4, and as the shareholders only applied for 5,041, the Company must have obtained nearly
8,000 shares at £4 each. In April, 1894, 67-3 claims south of the Simmer and Jack property were
sold to the Consolidated Goldfields of South Africa for £120,000 in cash. These claims are now
incorporated in the enlarged Simmer and Jack property. In connection with the matter the
Company has the right to subscribe £50,000 of the Simmer and Jack’s new working capital on the
same terms as the Consolidated Goldfields of South Africa ; and in view of the very large advance
in Simmer and Jacks, which have since quadrupled in value, this option must have been worth a
considerable sum. In October, 1894, the Violet block of 3441 claims south of the Jumpers was
sold to the Jumpers Deep for 44,000 shares in the latter, this Company further subscribing for
22,000 more, at par. As regards the Company’s one-eighth interest in 272 claims belonging to the
East Rand Syndicate, the latter has just been re-constructed as the Witwatersrand Deep, Limited.
T516 DCpnsolidated Deep Levels will apparently receive one-eighth of the 270,000 vendors’ shares, or
3 ,7' .
AssErs—Unless any sales of shares have taken place, the Company's present assets are
apparently as follows: 125,049 shares in the Rose Deep, Limited ; 66,000 shares in the Jumpers
Deep, Limited: 33,750 shares in the Witwatersand Deep, Limited ; and an unknown interest in the
Simmer and Jack Gold Mining Company.
A000UNTs.—The first accounts, covering the 10 months to July 31, 1893, showed a revenue of
£295 (interest and discount), and an expenditure of £3,230, leaving a debit balance of £2,935. In
addition to this, however, the Company received 73,500 Geldenhuis Deep shares, which were at
once distributed among the shareholders by way of dividend.
52 WITFVATERSRAND MINES.

Dr. Balance-sheet at July 31, 1894.

To Capital account— Liabilities. £ 8. d. £ 8. d.
Nominal capital .. ...200,000 0 0
Less reserve shares 12,750 0 0
—- 187,250 0 0
,, Interest received in advance from the Consolidated Gold
Fields of South Africa, Limited 1,500 0 0
,, Sundry creditors . 896 17 9
,, Balance profit 50,179 14 9
£239,826 12 6
Cr. Assets. £ 8. d. £ a. it.
By Property account—
Violet block—35 claims . . . 35,000 0 0
Interest in East Rand Syndicate, Limited 7,575 0 O
~»~————— 42,575 0 0
,, Rose Deep, Limited, share account—
For 83,366 shares fully paid up of the Rose
Deep, Limited .. 83,366 0 0
Advance on account of guarantee of £41,683
for working capital. (Fully paid up shares
of the Rose Deep, Limited, will be re
ceived for the same at par) 20,857 7 1
_ 104,223 7 1
,, Bills receivable 90,000 0 0
,, Cash—
Messrs. Smith, Payne & Smiths 319 8 8
National Bank Z.A.R. . . . . .. 2,635 16 10
In hand . 4 7 2
2,959 12 8
,, Office furniture . 18 5 0
,, Licenses—for August, paid in advance 8 15 0
,, Sundry debtors 41 12 9
£239,826 12 6
Profit and Loss Account, No. 1, for the year to July 31, 1894.
Dr. £ 8. 11. Cr. £
To Dividend No. 1— By Profit on sale of claims and
4s. per share=20 per cent. mining rights (equal to an
on issued capital 37,450 0 0 area of about 44 claims) to
,, Balance to profit and loss Rose Deep, Limited 38,838
account 53,263 9 7 ,, Profit on sale of 68 claims to
the Consolidated Goldfields
of South Africa, Limited 51,875‘

£90,713 9 7 £90,713 .3

Profit and Loss Account for the Year to July 31, 1895.
£ s. d. 15
To Balance from July 31, 1893 2,935 10 5 By Balance from profit and loss
,, London agency . 286 5 4 account, No. 1 53,263 005d?"
,, Legal expenses 14 8 0 ,, Interest and discount .. 1,325
,, Special charges 77 10 0 ,, Geldenhuis Deep, Limited,
,, Bank charges 10 4 2 share account 14 17
,, Rates and licenses 332 15 0
,, Survey expenses 6 6 O
,, Oflice expenses 156 17 5
,, Salaries 410 0 0
,, Directors’ fees 131 5 0
,, Auditors’ fees 63 0 O
,, Balance . 50,179 14 9

£54,603 16 1 £54,603 16 1
 WI TWA TERSRAND MIXES. 53

DIVIDENDS.—ID 1893, 73,500 Geldenhuis Deep shares were distributed among the shareholders,
at the rate of about 39-,10- for every 100 shares held. Taking the present value of the Geldenhuis
Deep as a mere fraction above £10, this distribution represents to-day a value of £3 10s. per share.
The cash dividends have been: May, 1894, No. 1, 20 per cent. (4s. per share), or £37,450; May,
1895, No. 2, 20 per cent. (43. per share), or £37,450. Total paid in cash, 40 per cent. (88. per
share), or £74,900.
GENERAL REMARKs—If the Company were to distribute the share assets it would have
nothing left. The policy of the directors is, therefore, to retain the assets, with the idea of realiz
irFrg themlonly when the board sees opportunities of desirable investments in new ventures in the
ansvaa .

CORNUCOPIA GOLD MINING COMPANY, LIMITED.

Formed in June, 1888.
CAPITAL—£100,000 in £1 shares ; all issued and fully paid up.
Directors.
JAims DURHAM (Chairman), GEORGE SHEFFIELD, A. L. FOSTER, C. J. PRITCHARD,
and H. F. COHEN.
Secretary and Oflice.
JAMES FRASER, Johannesburg, Transvaal.
APPROPRIATION or Curran—£68,000 in shares, and £12,000 in cash to the vendors, total
£80,000; and 20,000 shares subscribed for working capital.
FINANCIAL POSITION.—Oll June 30, 1895, there was about £860 in hand.
REVENUE—The mine has been shut down since 1891. It has been let on tribute to several
people, and at present to Mr. W. P. Taylor, at £60 per month. He is not working the mine.
The whole of the gold produced by the Company in 1890 and 1891 realized £4,401. The assets of
the Company, in the shape of a 30-stamp battery and machinery and plant, are valued in the
last balance-sheet to hand at about £7,500, the property standing at £86,000.
PRODUGrmN.-—The whole tonnage crushed amounts to about 7,000 tons, the yield from the
plates having been below 4 dwt. The property is on the Black Reef.
PROPERTY.—The property consists of 25 morgen of mining area, being a mynpacht of that
extent on the farm Rooikop, Witwatersrand, and is situated to the north of the Orion Gold
Mining Company.

CROWN DEEP, LIMITED.

Formed in March, 1892.
CAPITAL—£250,000 in £1 shares ; all issued and fully paid up.
Directors.
LIONEL PHILLIPS, G. Ronuo'r, and E. BIRKENRUTH.
London Committee.
J. WERNHER, Max MICHAELIS, and H. E. M. DAvnm.
General Manager. Manager.
H. C. PERKINS. SIDNEY J. JENNINGS.
Head Ofiicc.
(PO. Box 771) Eckstein’s Buildings, Johannesburg, Transvaal.
Secretary. Transfer Secretary.
R. V. MIDDLETON. C. R. O’FLAHERTY.
London Secretary and Oflice.
A. MOIR, 120, Bishopsgate Street, EC.
Pan's Agents and Oflice.
Compagnie Francaise de Mines d‘Or et d’Exploration, 20, Rue Taitbout, Paris.
CAPITAL.—The vendor (H. Freeman Cohen) received 160,000 shares, and also underwrote
50,000 shares {or working capital at par. The Rand Mines contributed 73 claims in addition
to the 118 which constituted the original property, and received 40,000 shares in exchange. The
Rand Mines at the very outset acquired the major portion of the vendors’ interest, their holding at
54 WITWATERSRAND MINES.

present being 194,150 Crown Deep shares. At a general meeting, held on April 30, 1895, the
borrowing powers of the Company were increased to £350,000, and the directors were authorized to
create 50,000 reserve shares. These have to be offered to shareholders in the first instance. In
March, 1895, the debt of the Crown Deep to the Rand Mines amounted to £80,000, which, in addition
to the £50,000 original working capital subscribed, shows a total expenditure of £130,000 on develop
ments up to that date.
DESCRIPTION OF PROPERTY.—Consists of 191 claims situated south of the Crown Reef, Bonanza
and Robinson Gold Mining Companies. The nearest distance from the outcrop of the Main Reef
series is 1,160 English feet. The furthest point from the outcrop is 3,660 English feet. The length
on the line of reef taken from the north boundary is 3,700 ft.; taken from the middle, 6,125 ft.,
and taken from the south boundary, 5,060 ft. The extent of dip ground taken at the point of the
west boundary is 2,790 ft.; and taken at the middle boundary, 2,880 ft.
DEVEIDPMENT.—The mine is bein developed by means of 2 vertical shafts. They are “ four
compartment” shafts, having a size 0 20x6 ft. No. 1 shaft (east end of property) is 1,750 ft.
distant from No. 2 shaft.
No. 1 shaft is distant from outcrop 1,405 ft.
,, ,, ,, ,, west boundary 3,050 ,,
,, ,, ,, ,, east boundary 850 ,,
,, ,, ,, ,, south boundary 2,275 ,,
No. 2 ,, ,, ,, outcrop 2,010 ,,
,, ,, ,, ,, east boundary 3,050 ,,
,, ,, ,, ,, south boundary 1,450 ,,
,, ,, ,, ,, west boundary 1,600 ,,
Value of Reef: In a borehole, sunk to a depth of 1,500 ft., the reef was cut at 896 ft., assaying
32 oz. 5 dwt. to the ton. In No. 1 shaft, at 920 ft., the reef was cut. It was 6 in. wide, the assay
from east end of shaft being 2 oz. 8 dwt. to the ton. The Main Reef Leader was cut in No. 1 shaft,
at 998 ft., 1 ft. thick, and assayed 8 oz. 16 dwt. 12 gr. to the ton. The Main Reef was cut at 1,004 ft.,
thickness 5% ft., assaying 6 dwt. The vertical depth at which the reef is being developed from
shaft No. 1, is 1,030 ft., or 1,900 ft. distant from the outcrop on the slope of the reef. Develop
ment : Development was as follows up to July 31, 1895 :—
Juae 30. In fJtuly. July 81.
. ft.
Shaft No.1 1,091 _ 1,091
Drives, etc. 2,832% 316 3,148%
Shaft No.2 1,057 — 1,057
Third level cross-cut 428 204 632
Total .. . ... ... ... 5,4085 520
GENERAL REMARKS.—The Company employs 160 whites and 450 natives. 25 drills are at
work. According to the general manager’s estimate the Company will start crushing at the latter
end of 1896.

CROWN REEF GOLD MINING COMPANY, LIMITED.

Formed April lst, 1888.
CAPITAL—£120,000 in 120,000 shares of £1 each; all issued and fully paid up.
Directors.
W. H. Rooms (Chairman), R. O. G. Lvs (Managing Director), J. W. S. LANGERMANN, A. Goanz,
C. S. GOLDMANN, C. D. Rum) (alternate E. BIRKENRUTH) and LIONEL PHILLIPS.
London Committee.
CsARLm Runs, Joan Enuorr, and S. NEUMANN.
Consulting Engineer. General Illanager.‘
Harman JENNINGS. Gnome E. WEBBER, Jun.
Secretary and Head ()flicc.
F. RALEIGH, Crown Reef, Johannesburg.
London Secretary and Oflice.
A. Mom, 120, Bishopsgate Street, E0.
 WITWA TERSRAND MINES. 55
CAPITAL CHANG.—Th6 original capital was £70,000, of which £14,000 was the working
capital; subsequently increased to £100,000 by issuing 30,000 new shares, which were disposed of
at £2 per share, realizing £60,000, for the purpose of acquiring two claims and another water-right,
for the sum of £18,000. The balance of £42,000 was added to the working capital, making the same
£56,000. In November, 1889, the capital was increased to £120,000, by issue of 20,000 new shares.
Of these 6,000 were disposed of at £6 13. each, less 1 per cent. commission, realizing £35,937;
of the remaining 14,000 shares, 4,000 were disposed of at £4 15s., realizing £19,000, and the balance
of 10,000 at the average price of £5 28. 6d., realizing £50,250.

Recapz'tulation.
4: 09' Os
Original working capital , 14,000
30,000 new shares, sold at £2 £60,000 0" 0
Less paid for 2 claims 18,000 0 0
42,000 00
0°C C0
OCO
6,000 new shares, sold at £6 19., less 1 per cent. commission 35,037
£4 153. 19,000
10,000 Z: (average) £5 23. 6d. 51,250
Total capital supplied 161,287

Total premium realized on shares sold £116,187 0

ACCOUNTS AND FINANcm.—Accounts are made up annually to 31st March, and are submitted
to shareholders, together with directors’ and manager’s report, in May. Besides these, monthly
reports are issued, containing statement of expenditure and revenue account.

Extract from Balance-sheet, as at March 31, 1895.

Capital and Liabilities. Property and Assets.

£ 8. d. £ 9. 9'
To Capital account 120,000 0 0 By Mynpacht, including free
77 Share-premium account 116,187 0 0 hold .. 100,000 0 HQP-‘OQO
,7 Revenue account :— -\.M4~w._~q.-u_gvw Claims (43} and 8) 2,912 0
Revenue appropriated for Tree planting . 312 11
working capital 20,000 O 0 Water rights 3,500 0
77 Reserve fund :— Reservoirs and dams 7,552 3
Reserve fund appropriated Machinery and plant 166,116 10
for working capital 24,121 17 00
@000
6:0‘ Buildings ... .. 25,515 6 H

- v Sundry creditors
17,240 8 _.wqv-w u_v.nq_. Quartz account, 10,305 tons
De Nationale
Bills payable Bank :— 2,684 15 on hand 6,306 O
@(DO‘NJNODOHN who
o o aswo ceq
ww Mine development 24,261
Advances against gold 29,237 18 Live-stock 203
uu Unclaimed dividend account 211 5 Furniture . 558
Profit and loss account, bal Stores and material 14,332
ance .. 75,331 0 Cash in hand 18
Dividend accounts 211
Nationale Bank: gold 45,583
Union Bank, London 2,368 i-l

Chamber of Mines deben

tures
Bearer share warrants
Sundry debtors

£405,014 510 £435,014 5 10

 56 WITWA TERSRA ND MINES.

Extract from Profit and Loss Account as at March 31, 1895.

(120 stamp-mill and cyanide works—200,785 tons milled.)
Dr. £ 8. d. s. d.
To Mining expenses 164,388 14 4 Cost per ton 16 4495
,, Transport ,, 2,277 0 7 ,, 0 2721
,, Milling ,, 30,391 10 11 ,, 3 0327
,, Cyanide ,, 29,677 13 11 ,, 2 11473
,, General charges 26,206 0 9 ,, 2 7324
,, Mine development redemption account 12,569 7 7 ,, 1 3024
,, Depreciation 11,203 5 4 ,, 1 1391

£276,713 13 5 27 6755
Accumulated tailings and slimes :— —
Cyanide expenses 33,355 9 6
Clean up of old mills 567 13 4
Depreciation of old works 12,558 0 10

£323,194 17 1
Dividend account :—
Dividend No. 12, 25 per cent. 30,000 0 0
,, No. 13, 25 per cent. 30,000 0 0
Reserve funds :—
10 per cent. on above dividends 6,000 0 0
Balance... 75,331 0 8

Cr. £464,525 17 9
By Gold account :— l _ £ a. d.
77,486'70 oz. from mill 265,823 1 0
34,257'05 oz. cyanide 106,947 7 8

111,743-75 oz. 372,770 8 8

Amount realized in excess of valuation... 159 9 6
Slags, etc., sold 695 17 8
Value per ton, 37s. 2'597d.
£373,625 15 10
82,513 tons treated.
Gold account :—
14,983'10 oz. from accumulated tailings and slimes 45,212 11 9
26750 oz. clean up .. 858 18 9

~1‘5,2_50'60 oz.
Amount realized in excess of valuation... 176 14 8
Slags sold... 232 18 6

420,106 19 6
Balance from last year 44,418 18 3

£464,525 17 9
£ 8. d.
REMARKS.—After writing of? £23,761 68. 2d. for depreciation, and £12,569 78. 711.
for mine development redemption, the net profit for the year amounts to 96,912 2 5
Divisible profit brought forward from previous year 44,418 18 3
' £141,331 0 8
Appropriation of the above :—
Dividend No. 12, 25 per cent. £30,000
,, No.13 ,, 30,000
Transferred to reserve fund 6,000

March 31, 1895, Balance to credit of profit and loss account £75,331,
 57

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58 WITWA TERSRA ND MINES.

Statistics of Monthly Working

120-stamp Mill and

On basis of 200,785

\Voi-king expenditure;

Mining expenses. , Milling expenses. Cyanide expenses. GenemIchai-ges. ‘,Miggd‘:

1894—5. Tolfimgc 7' ,_ , CV t7 i if i v 7’
mi ed.
cm - C21“ 1”“! 7:; CM- “:21’." 1M- C‘m- cm on I , ‘,
M
, |
__ a , _ 1 1 1 v 1 _ 1 _ , ,_ 1
_ £‘s. .Lygid. 2 a. a. s 1.51. s s. (1.12
April 16,554 14,069 i 16 11-972, 187 2718 2,291 2 9-221 2,660 3 2565 1,911 2 3-713] 952
May 17,778 14,756116 7-250 2425 l 63'‘! 2,676 8 0-139 2,573 2 10747 1,922 2 1-966 1,021
June 16.799 13,719116 4'001l 237 23-890 2,595 8 1-072 2,588 3 0-986 2,424 2 10627 1,026
July 17,158 13,184 15 41-412] 237 3'315 2,569 2 11-926 2,3119 2 8'869 ‘2,258 2 7-596 1,126
August .. 17,553 13,349 15 2-591~ 159 2324 2,748 9 1-573 , 2,952 2 9-149 2,212 2 6-236 , 1,152
September 16.780 12,786 15 2-882 138 l 1'896 2,476 2 11-420 1 2,151 2 6-76? 1,997 2 4-549 , 1,089
October 17,602 14,116 16 0-466 179 | 2448 2.479 2 9710 2,624 2 11-775 2,057 2 4045 1,122
November... 16,872 13,861 16 11-185 152 2215 2,487 3 0-467 2,881 2 10155 2,453 2 11-957 1,027
December 16,415 13,587 16 5929- 165 2406 2,536 8 1065 2,426 211-2170 2,526 , 3 (_)-928 1,009
January 16,615 14,214 17 1-314l 209 3023 2,489 2 11-953 , 2,546 3 0-786 2,01912 5-165 ,1,093
F<.-brua.ry 16,056 12,976 10 19601 179 2571 2.179 2 8-572 2,481 8 1-092 2318 ‘1 10'640!1.019
March .. 15,108 13,821
18 13-5521 188 2982 2,872 8 9611 2,596 8 5-238 2,109 2 9-507[ 993
1.
Igzff'rlsoizd} l200,785 164,888’ 16 4-495 I! 2,277 , 2-721 30,891 3 0327 ,29,677 2 11-478 ‘26,206 2 7-824 ,12,569
,

Summary.

Eczpenditure. Revenue. £ 1
$1 I. d. e. 1 .
Mining expenses .. 0 16 4-495 per wii. 1 Mill 1 6 5-740 per ton.
Tizansport expenses . 0 0 2'72! ,, , Cyanide ivoi-ks _ 0 10 8-666 ,,
Milling expenses . 0 8 0-827 ,, , Increase in valuation of gold 0 0 0-190 ,,
Cyanide expenses . 0 2 11-473 1
General charges 0 2 7'324 ‘
Mine development redemption 9.0- 1
count... 0 1 8-024 ,, \
Depreciation .. . 0 1 1-391 ,, ,

1 7 6-755 ,, ,
Net profit . 0 9 7-841 ,, 4

£1 17 per ton &_Il_17 2596 per ton.

 W'ITWA TERSRA ND MINES 59

Ea'penditure and Revenue.

Cyanide Works.
tons milled.

Revenue. Profit.
_ | _ . 7 4 '7 7w —” '7 7 _ A" 7 , —f_w
ant] Tia:3:31:08. Mill. ‘ Cyanide works. Total revenue. l
____ _,.. , value of I —_T i I iv — Total Total profit

Cost per Value of Value of

wn. , Cm- ‘ 0°“ P" M- yield. yield per mm Value
yield.of tonbn
yield er
niilled R°'°"“°- Revenue
per ton Profit- Per m“
‘ ' tonnage. | 1

.~. 4. l 2 '2 s. d. s s: i. d. s i. a. , e is a. a. £ a. d.
1 1807 22,071 ‘ 1 6 7996 24,755 1 9 10910 9,119 11 0214 33,875 ‘ 2 0 11124 11,803 14 3128
1 l-flll 23,197 ; 1 6 1254 22,516 1 5 4054 6,353 7 1'7!!! , 28,869 l 1 12 5843 5,671 6 4-589
1 2671 22,591 , 1 6 10747 20,819 1 4 9433 7,970 9 5863 28,789 , 1 14 3296 6,198 7 4549
1 3768 21,726 1 5 3901 23,893 1 7 10193 7,176 8 4388 31,069 1 16 2581 9,343 10 10680
1 3750 l 21.983 1 5 0563 22,723 1 5 10692 8,532 9 8660 31,256 , 1 15 7352 9,273 10 6-789
1 3575 1 20,632 I 1 4 7085 22,231 1 6 5949 8,505 10 1652 \ 30.736 \ 1 16 7601 10,104 12 0-516
1 3285 I 22,569 | 1 5 7729 22,497 1 5 6-745 , 10,663 12 1-384 ‘ 33,159 1 17 8129 10,590 12 0-400
1 3040 22, 1 7 3019 22,416 1 7 4595 10,216 12 5752 1 32.632 > 1 19 10347 10,323 12 7353
1 2749 22,198 | 1 7 0547 20,945 1 5 6221 9,866 12 0244 ‘ 30,8)9 1 17 6465 8,612 10 5-918
1 2'913 22,511 i 1 7 1'154 22,181 1 6 8399 9,235 11 1'392 31,416 1 17 9'791 8,906 10 8'63?
1 3234 21,145 l 1 6 4059 21,069 1 6 2947 8,895 11 0950 l 29,965 1 17 3897 8,819 10 11-838
1 3769 22,578 , 1 9 10659 19,778 1 6 2-188 , 11,113 14 8-533 , 30,891 i 2 0 10721 8,314 11 0062
,I— _|-_ 4* w _ i f‘ _' S '
1 3024 ,265,510' 1 6 5366 265,823 1 6 5-740 i107,643: 10 8666 373,466l 1 17 2407 107,956 10 9040
_ _ _ A ‘if in,‘ i7 .4 —! _

Plus amount realized in excess of valuation of gold, as per profit and loss account 159 0 0190
1(B,115 10 9230
Less depreciation for year, as per profit and loss account 11,203 1 1391
Net profit for year... 7'8397
 09 VMJIM GNVHSHEIJ SEN!”

Ngrggft
Defizfiiu"
“31:33:8-
profit.
Net
fees.
Transfer
£
d.
fs.
252,179
2
3,127
4,291
53
481 20,005
3335
14
5,262
64,703 069,858
12-91_
28,829
5,291 4984 6,908— 1'745
14— 8940
23,607
4,836
66,749 43,688
93,503
20 97,930
15—
34,141
8,935 11210,091
37,146
0-78,0_5,94 ' 2995285,655
92,259_
24,962
19 7420,106
9
96,912
23,761
67
839

1895.
31,
1888,
April,
in
March
of
Company
to
formation
from
the
dand
paid
Deof
iIcvVIliDadENerDsne.d—Ssum ary issued.
capital
of
Amount
paid.
Rate.

100,000
66,000100,000
66,000100,000
66 ,000,106,000
,000, 100,000
66 15,900
151106,000 25 110,000
251 106,000
26,500 26,500
, 99,000
90 120,000
‘25 120,000
90,000 90,000
125 120,000
90,000 25 120,000
25 120,000
30,000 90,000
25

905,900
269

Total value. 99,900 10

107,643
8666
2
Percent.
‘Value
I yield
of 0-811151
ton.
per d.s.
j
120,000
90,000
25
Cyanide
\Vorks.

Cost
Yield
ton.per
realized, _'__L
l
dwt
d£
gr.
s 15
4
4,191
2886
036,
. Period
ending.

and
Tailings
k
30,1888 September
June 1888 December
30, 1888
81, 1890
30,
September 30, March
September
1891 1892 September
31, 1892 31,1893
30, March 1893
80, March
September 1894 1894
31, 30,
September
l,1*4.,1_ i04
4-994,
-716_
1889 March
81,
March 1891
31, 1895
31,
March

DNo.
of
ividend.
concentrate,s
oo—aamwcczoP—P
3,593
—_ 8,990
—_ 10,689
—_ N

f(since
ormation.)
Period.
1, 1889
1888,
April March
31,
to 31,1890
March
to 31,1891
March
to 1892
31,
March
to 31,1893
March
to 1894March
31,
to March
1895
31,
to
1889
31,
Sept.
to 1890
30,
Sept.
to 1891
30,
Sept.
to 1892
30,
Sept.
to
 IVITWATERSRAND MINES. 6I

Referring to the table of working costs and revenue, the decrease under the several heads of
expenditure is permanent with the exception of mining costs, which, owing to variation of the
rock, the change from soft free milling ore to the hard blue, are slightly higher during the last
period recorded. The cyanide works participate to the extent of 28. 1147311. per ton in the total
expenses, for which they return a revenue of 103. 866611. per ton.

The following statement is a. complete analysis of the receipts and expenditure since the
formation of the Company :—

Slatement of Receipts and Expenditure from April 1, 1888, to March 3|, 1895,—7 years.

Receipts.
£ 8. d. .6 s. d.
To Working capital—
At commencement 14,000 0 0
Sale of reserve shares 148,187 0 0
_-_-_-— 162,187 0 0
,, Gold account—
299,119 oz. 15 dwt. 9 gr. gold from 643,341 tons
ore milled.
77,781 oz. 10 dwt. gold from 247,604 tons tail—
ings and concentrates treated by cyanide
works.
Total, 376,901 oz. 5 dwt. 9 gr. 1,311,869 14 3
Concentrates, tailings, and ore sold 28,445 16 l’)
-f— 1,340,315 10 8
,, Sundry revenue—
Transfer fees, interest, licenses, etc. 1,699 8 7

£1,504,201 19 a

Expenditure.
£ 8 (I .3 s (I
By Working expenditure—
Mining, transport, milling, cyanide, general
charges, mine development redemption, and
depreciation 952,968 3 8
Less quartz at grass 6,306 2 7
. ___— 946,662 1 1
,, Surface improvements—
Purchase of freehold, claims for mill site, etc.,
general improvements, reservoirs and dams,
water rights, machinery and plant, and build
ings 231,908 11 10
,, Underground improvements—
Mine development 24,261 1 9
,, Quartzatgrass 6,306 2 7
,, Cash assets—
Live-stock, furniture, stores and materials, de
posits, etc., as per balance-sheet 68,538 9 8
Less liabilities, as per balance-sheet 49,374 7 8 _
_1__.;_ 4- 19,164 2 0
,, Dividends paid 2751900 0 0

£1,504,201 19 3
62 IVITPVA TERSRA ND MINES.

£ 8. d
From this statement it will be seen that for the seven years ending
the period under review the Company’s receipts from gold account
and sundry revenue has been 1,342,014 19 3
Less working expenditure 946,662 1 1

Making the total profits earned to March 31, 1895 £395,352 18 2

£ 8. d.
This amount has been appropriated as follows :— ~
1. Dividends paid 275,900 0 0
2. Profit transferred to working capital 20,000 0 O
3. Reserve fund transferred to working capital 24,121 17 6
4. Balance of profit and loss account 75,331 0 8
£395,352 18 2

Financial position of the Company—The balance to the credit of profit and loss account is not
wholly available for distribution, as it is made up as follows :—

£ 8 d £ 3. d.
Cash assets 19,164 2' 0.
Expended on capital account 56,166 18 8
Balance to credit of profit and loss account 75,331 0 8

The working capital provided has been .. 162,187 0 0

To which was added: Amount transferred from revenue account for
tailings sold . 20,000 0 0
Amount transferred from reserve fund 24,121 17 6

Making a total working capital of £206,308 17 6

‘The expenditure on surface and underground improvements, quartz at

grass, and purchase of freehold amounts to . . £262,475 16 2

Showing that the sum of £56,166 188. 8d. has been expended over and above the capital provided.
The expenditure on account of capital during the past year amounts to £39,502 13. 911., inclusive of
mine development, and it can be stated that the Company's expenditure on capital account is
now completed, and in future all expenditure will appear against revenue account. The policy of
paying the year’s capital expenditure out of profit having been adhered to, the Company is now out
of debt, besides having paid the regular dividend of 50 per cent. per annum. A large sum has
been written off machinery and plant, buildings, etc., and the whole of the profits derived from
the treatment of the accumulated tailings and slimes on the old plant, thus reducing the value of
the latter to a sum which it is expected will be realized when dismantled. Now that the
Company is out of debt all the profits will be available for distribution, and therefore larger
dividends may be looked forward to. The regular dividend at the rate of 50 per cent. per
annum has been declared for the period ended March 31, 1895, and a larger rate should therefore
be practically certain for the remainder of the financial year.
 FVITWA TERSRA ND MINES 63

B. Analysis of Monthly Working Expenditure.

Transport and Milling.

Transport expenses. Milling statistics and expenses.

‘3949- ‘I l Worki 0s . Maintenance V T l . ' ‘ 11. Da s. T0118

,Tonmme n8 0 t cos,‘ , eta cost Tmma 9] Yield in bullio Net "mm per # y _ crushed
‘ trans 7 A—‘ —_“ W“ ‘ mine}; I — bullion ounce. _ P"
Pm'wd- 1 Cost. Cost per Cost, Cost Cost. Cost Total. Perlon. (c) ,3? Working “M1122
1591p?» l l (A) ton. (B) per ton. per um. Hg 0;".

‘ E. d. £ 11. 5.‘. 11. oz. dwt. gr. :8 a. d. dy. hr.

April 16,554 i 153 2224 34 0494 187 2718 16,554 7,344 8 20952 3 7 4991 30 27 14 5001
May 1 17,773 i 170 2305 77 1'046 248 3352 17,773 6,485 7 7'160 3 9 5212 31 29 13 5013
June l 16,799 151 2162 85 1227 237 3390 16,799 6,014 7 3'845 3 9 2792 30 29 0 4827
July ‘ 17,158 108 1517 128 1'797 237 3315 17,158 6,908 8 1253 3 9 2066 31 29 3 4909
August 115% , 107 1'473 62 0850 169 2324 17,553 6,613 7 12848 3 8 8627 31 29 11 4965
September 1 16,780 107 1538 25 0357 133 1'896 16,780 6,521 7 18553 3 8 2081 30 28 6 4949
October 1 17,602 109 l 1'481 70 0'96? 179 2448 17,602 6,529 7 10055 3 8 10386 31 29 16 4944
November I 16,372 ' 114 1'661 38 0554 152 2215 16,372 6503 7 22666 3 8 11233 30 28 15 4766
December 16,415 i 107 1'551 59 0854 165 2406 16,415 6,116 7 10835 3 8 5908 31 29 12 4637
January ', 16,615 I 113 1630 97 1392 209 3'023 16,615 , 7 19936 3 8 2314 31 29 4 4747
February 1 16,056 99 1'472 7 1'098 173 2571 16,056 6,204 7 17457 3 7 11'144 28 26 22 4970
March , 15,108 } 116 1835 73 1146 188 2982 15,108 5,743 7 14'433 3 8 10658 31 24 12 5138

Ti‘jgjg‘j’p‘l ‘200,785 1,454 l 1738 ‘I 922 case I2,277 2-721 200,785 | 77,486 7 17-241 s 8 7-836 365 341 8 4-901
‘’ 4 , l l i l l

Milling statistics and expenses.

DMQ- Mill working cost. 21:21:22" Emily’? Maintenance. Assay oflleo. Electric light.‘ ‘ Totals.

Cunt. Cost per Cont. ,Costpermu. Cost. Colt Cost. ContpertouCo-t. Cost Cost. Cost Cost. Cost
1894-5. (D) ton. (E) (F) per son. (0) (H) per ton. (I) per ten, per ton.

|
a .. d. s a. .1. s d. s ' a. a s d. s d. s g d.
April 944 1 1687 645 0 9'365 321 4'659 317 0 4596 31 0452 31 0460 2,291 2 9221
May 611 0 8260 802 0 10'838 235 3185 950 1 0839 39 0530 35 0484 2,676 3 0139
June 630 0 9'011 ' 877 1 0'538 283 4'046 716 0 10'239 41 0591 45 0644 2,594 3 1072
July 634 0 8871 820 0 11473 288 4'034 748 0 10‘474 37 0'527 40 0565 2,569 2 11946
August... 550 0 7527 764 0 10458 305 4166 1,038 1 2188 39 0533 52 0699 2,748 3 1'573
September 730 0 104-18 694 0 9932 287 4094 679 0 9710 39 0562 47 0671 2,476 2 11420
October... 556 0 7'.“ 683 0 9308 289 3949 837 0 11404 63 0863 44 0'596 2,473 2 9-710
November 526 0 7717 726 0 106% 289 4'244 843 1 0346 46 0663 59 0866 2,488 3 0467
December 545 0 7958 638 0 9326 287 4187 967 1 2133 54 0780 47 0677 2,536 3 1065
January 555 0 8'm2 645 0 9310 267 3854 884 1 0762 60 0'870 79 1'152 2,489 2 11953
February 496 0 7'409 665 0 9928 305 4'555 625 0 9341 47 0695 44 0643 2,179 2 8572
March 499 0 7912 701 0 11'126 602 9556 949 1 3086 51 0803 71 1'126 2,872 3 9'611

Tgigtleg 7,276 0 86% {8,660 0 10352 3,758 4492 v9,553 0 11419 547 0654 594 0710 Il|30,391 3 0327

Erplanalory Noles.
5A) Represents cost of electrical power and labour.
8) Represents cost of maintaining rolling stock and permanent way.
(C The value of the bullion is estimated monthly, according to its assay value, less charges for realization.
(Di Represents the cost of labour and su plies in the mill.
(E) Represents the cost of power supplie t0 the mill, inclusive of maintenance of power plant.
(F) Represents the cost of supplying water to the mill, inclusive of maintenance of pumping station.
(G) Represents the cost of maintaining the mill and tailings dams, and includes the cost of shoes, dies, cams,
cam shafts, etc.
(H) Represents the cost of expenses for assaying, retorting, and smelting.
(I) Represents the cost of lighting in the mill.
64 WITIVA TERSRAND MINES.

A. Analysis of Monthly Working

Mining expenses

Date. General costs. sloping.

; l General
1894‘5' )Ttlqlillxlazgfa 23:01:? lCost per mn;ii:a_ Cost per} Total l Cost per Tonnagel 0 Cost per
[ costs. , ton. mmce_ ton. ‘ cont. ton. amped. oat" ton.
r (A) I (a) i l (c)
4: d. s d. I 2 s. d. 3 s. d.
April... 15,913 321 4973 609 9229 , 930 j 1 2102 12,140‘ 5,415 3 11063
May .| 17,695 335 4549 361 4965 ' 697 I 0 9454 13,3951 6,475 9 9024
June .5 16,490 325 4742 209 3044 535 0 7737 13,375[ 6,753 9 2292
July .‘ 17,445 269 , 3-711 157 2163 I 427 ' 0 5974 15.026 7,261 3 3994
August 16,907 309 I 4367 254 3611 - 562 l 0 7979 14,713 7,345 9 11905
September 16,513 319 ‘, 4-631 372 5396 690 0 10030 14,253 6,505 9 1519
October 17,955 345 I 4634 337 4531 ’ 691 0 9166 14,949 7,346 9 9936
November 16,411 366 5349 379 5524 | 744 0 10973 13,693 7,232 10 6754
December 15,966 393 5-756 264 3959 647 0 9714 13,002 6.321 9 10-533
January .. , 16,77 406 I 5901 395 5499 799 011-300 13,645 6,939 10 0307
February ., 16,047 349 5222 209 4029 619 0 9251 13,547 6,395 9 5116
March I 15,653 409 ‘ 6-239 549 9420 957 1 2659 13,235 7,200 10 10-569
T°§‘§,‘§m;§:} l[199,604 4,134 4970 4,144 4993 ) 9,279 0 9954 164,972 91,077 9 9950

Banking, pumping and winding. Timbering. Plate-laying. Stone

Date. * . Mnin- Cost Cost Cost . l Cost

189465 W233“, “$5.?” 7:012? 55,; T0233 C‘Lfn?“ CO“ Cost- 5;; W253." 3;;
(H) I (0 (J) (K) (L)
e ‘ s. a. .2 d. .2 s. d. e d. s d. 2 d.
April 1,090v 1 4-516 65 0999 1,156 1 5-514 621 9411 169 2565 274 4152
May . 1,017 1 1 14903 41 0560 1,059 1 2-364 762 10335 124 1692 310 4209
June 1,009‘ 1 2-693 42 0613 1,050 1 3296 791 11-374 105 1533 299 4350
July 996 1 1-573 44 0614 1,031 1 2-199 909 11-126 93 1-291 296 3946
August 931 011-901 25 0355 956 1 0157 553 7659 116 1646 261 3705
September 941: 1 0230 100 1.457 942 1 1-699 690 9991 109 1593 72 3951
October 944 0 11-344 243 3276 1,099 1 2-621 719 9649 123 1-644 293 3794
November 756; 0 11-043 624 9120 1,379 19-163 595 9550 114 1662 219 3199
December 9441 1 0690 239 3590 1,093 1 4-270 499 7479 119 1767 221 3321
January 922,‘ 0 11-749 216 3096[ 1,037 1 2-936 603 8-621 119 1-680 222 I3-173
February 7 2 ‘ 011-491 309 4607 l 1,076 1 4-099 645 9639 109 1602 207 3091
March 962 1 2-736 175 ‘2669! 1,136 1 5405 594 9949 100 1547 216 ,3310
Tm“ and‘. 10,769‘ 1 0949 2,123 2553 12,993 1 3502 7,939 9425 1,396 1679 3,069 ill-690
averages ) I , I
'—W i "i ‘i i ‘’ fl—ETPILTcF-Q
(A) Includes cost of mine manager, shift bosses, surface overseeing, proportion of assay ofiice, underground
timekeepers, sampler, drill carrying and electric light.
(B) Includes cost of maintaining shafts, ski trucks, etc.
(C) Includes cost of lpfse‘l, and forming pil ars in the stopes.
D) Represents tots. ootnge, excepting main shafts and main croucuts, which are charged to mine
dew opment.
(E) Represents tonnage produced from drifts, rises and winze-s.
(F) Represents tonnage of are exposed by foota. g6, calculated on average stoping width.
(G) Represents cost of underground tramming.
 . ’/_ 1,1,‘. I,‘
I I.
111197-771; _-_ :3; ,1_
4 .1 ‘l ‘1' m "J 7 I
WITWATERSRAND MINES. ‘.31’ 5|] ' ' 65

Erpcnditurc.—Mining.
and statistics.

Drifting, rising and sinking. Trimming.

l l V — vi

Colt per 1 T Tonnage 1 C Cost per

i F. . onnage ‘ of ore 8X- 00 1: er , est per ton on Cost Pei
tog;$16 0014186 , produced. 1 mum I Cost. £20?‘ , tggcgso- to?“ 6 Cost. tom
mined. (D) I (E) (F) , mine . (G)

s. d. ‘ I £ £ a. 5., 1: s. d. s. a. 2 s. a.
6 10039 1,152} ' 3,583 1 25,869 3,747 3 5 0 ' 1 0 11 4 8 1,144 1 5337
7 3830 1,246 l 3,610 23,289 3,886 3 2 4 1 1 6 4 4 1,271 1 5%1
8 2-292 904 I 2,887 16,853 2,858 3 3 2 ‘ 0 19 9 3 5 1,099 1 4002
8 3-884 803§ l 2,158 12,066 2,512 3 2 5‘ 1 3 3 2 10 917 1 0-613
8 8258 729 2,106 I 11,197 2,210 3 0 7i 1 0 11 2 7 969 1 1'754
7 10-530 8844 | 2,260 13,234 2,422 2 14 9 1 1 5 2 11 937 1 1-617
8 2'735 1,004 ! 2,555 l‘ 17.074 2,879 2 17 4 1 2 6 3 2 1,098 1 2'754
8 9-761 824$ l 2,304 l 14,977 2,474 3 0 0 l 1 1 5 3 0 1,053 1 3-397

8 0-528 9881} . 2,964 i 22,376 3,071 3 0 1 ‘ 1 0 0 3 8 1,144 1 5-192

8 1865 1,264} , 3,026 ' 31,427 3,476 2 14 11 I 1 2 11 4 1 1,199 1 5-166
7 11-493 1,004§ 2,332 24,504 2,739 2 14 6 1 3 5 B 4 1,084 1 4-206
9 2363 1,034 I 2,423 25,098 2,899 2 16 0 , 1 3 11 B 8 1,199 1 6-368

8 1485 11,839§ 32,208 , 237,964 35,173 2 19 3 i 1 1 10 3 6 13,114 1 13-768

crisis".
I‘ 7 Totalsmined.
on tonne.ge Ore stock
added to from stock.
Ore taken tonnage.on
Mining expenses

32:21:82: Own?“ 232:} 01223“ Cost. 003,56‘ Tons. Cost. Tons. Cost. Tons. Cost. Coasts“

(M) l 1 (N) (o)

1 _,1 a, i __ i _ 1- ,__
£ 1 d. .6 l, (1. £ a. 11. £ £ £ 8- "
197 ' 2-987 471 7-140 13,657 17 2-888 — —- 711 411 16,554 14,069 16 11972
124 , 1'682 434 5890 14,710 16 7-516 - — 78 45 17,773 14,755 16 7-250
57 l 0829 355 5180 13,540 16 5-069 — -— 809 178 16,799 13,719 16 4001
67 0923 353 4869 13,404 15 4-412 287 220 — — 17,158 13,183 15 4-412
99 1 1-419 361 5125 12,973 15 4-157 —- _ 646 377 17,553 13,349 15 2-531
74 l 1-(86 346 5-037 12,631 15 3-576 — — 267 156 16,780 12,787 15 2'88‘!
105 _ 1-412 388 5-207 14,319 16 0-466 253 202 -—- v — 17,602 14,116 16 0-466
96 1 1-400 815 4599 13,m4 16 11185 39 33 — l — 16,372 18,861 16 11'185
178 2-594 394 5916 13,273 16 7-509 -— — 449 266 16,415 13,538 16 5-929
66 0-936 288 4110 14,349 17 1-314 159 136 — — 16,615 14,214 17 1-314
109 , 1-638 317 4730 12,971 16 1-989 — — 9 6 16,056 12.976 16 1-960
95 1 0522 250 3-832 14,824 18 3-552 550 , 504 _ l _ 15,108 I 13821 18 5552
, ,_~__, W, —1, ___ 7*‘, _,*fl, , d _ Wi7ffi
1,202 ' 1446 4,272 5'137 164,045 16 5'244 1,288 1,095 2,469 1‘ 1,439 200,785 , 164.388 16 4'954
NZ“ 7 7 W i 7* —‘ W #7 7
(H) Represents cost of labour and power.
(I) Represents cost of repairs to winding engines, pumps and boilers.
(J) Represents cost of all timber-ing in the mine, excepting main shafts.
(K) Represents cost of laying and removing underground rails.
(L) Represents cost of labour and power.
(M) Represents cost of repairs to crusher! and engine.
(N) Ore added to stock is calculated at the cost price of each month.
(0) Ore taken from stock is calculated at the average stock price per ton.
"0L. 1.
66 W1 TWA TERSRA ND MINES.

C. Analysis of Monthly
Cyan

Cyanide statistics

Date. Tonnage treated. Yield in bullion. - Net who Yield per ton in bullion.
_,._ ._.A.i ,i.— . ifli per bullion
1894-5. Sands. 1,‘Ctggfén' Total. Sands. (5112:“: Total. ounce.
(A) Sands. (5:32?‘ 1:Avemge.
v V v_ _—I 7 _ . i , . n —, . i
_ tons. | tons. tons. oz. 4 oz. 1 on. £ 1:. d. dwt. gr. oz.dwt. gr. dwt. gr.
April 11,742 1 — 11,742 2,889 l - 1 2,889 3 3 1 4 22 — ' 4 22
May... 11,268 1 — 11,268 1,979 — 1 1,979 3 4 2 3 12 — 3 12
June... 10,753 1 — 10,753 2,631 , — 2,631 3 0 6 4 21 — 4 21
July 11,166 5' 247 11,413 1,993 I 296 1 2.289 3 2 8 3 13 1 3 23 4 0
August 11,852 435 12,287 2,119 577 l 2,69? 3 3 2 3 13 I 1 6 13 4 9
September 10,803 , 669 11,472 2,090 652 1 2,742 3 2 0 3 20 0 19 12 4 18
October 11,933 - 643 12,576 2,577 I 735 , 3,312 3 4 4 4 7 l 1 2 20 5 6
November ... 10,485 , 786 11,271 2,499 , 776 , 3,275 3 2 4 4 18 , 0 19 18 5 19
December 10,099 860 1 10,959 2.199 887 1 3,087 3 3 10 4 8 l 1 0 15 5 15
January 11,431 ,‘ 890 i 12,321 2,092 868 2.960 3 2 4 3 15 0 19 12 4 19
February 10,152 1 1,057 , 11,209 2.072 916 ,‘ 2,989 2 19 6 4 2 l 0 17 8 5 8
March 10,727 , 790 , 11,517 2,639 763 I 3,403 3 1 3 4 22 , 0 19 8 5 21
__W_,,__Mm_l
. , "4 . v
, ,
Totals and averages 132,411 1 6,377 338,788 27,779 , 6,470 34,253 3 2 5 4 4 I 1 0 7 4 22

Cyanide statistics

Labour expenses. Stores and materials. Maintenance.

European Kuflir wage“ Contractors Cost Cunt Cost 1' Cost. l Cost 1'
wnéef. an1(lBfpod. , c) , Total. to]? (D, ‘0:6 (E) to}?

£ £ 1 £ £ 8. d 1': s (1. £ (1.

230 97 I 378 707 1 2 1,275 2 2 65 ,‘ 1'344
204 83 j 374 662 1 2 1,383 2 5 91 ‘, 1'951
200 , 67 l 352 620 1 7 1,270 2 4 148 l 3'314
186 , 80 370 637 1 1 1,181 2 O 47 1 005
200 I 81 l 401 681 1 1 1,046 1 8 61 1'193
194 , 77 361 633 1 1 849 1 5 102 2131
200 83 1 see 1 680 1 0 1,023 1 7 215 4097
198 | 84 l 364 646 1 1 898 1 7 105 2-223
210 78 ‘ 356 l 647 1 2 912 1 9 159 3-491
209
206 ,l 113
96 ,‘ 389
406 |' 711
709 11 31 952
782 11 46 261
407 5067
8694
214 , 95 l 362 671 1 1 996 1 8 219 4565
l l
I
2,454 1,032 ‘ 4,511 ,- 8,004 1 1 12,627 1 9 1,880 3256

Explanatory
(A) The value of the bullion is estimated monthly, according to its assay value, less
charges for realization. _
(B) Represents the cost of labour in filling the leaching vats and working the process.
(C) Represents the cost of emptying the leaching vats.‘ ,
(D) Represents the cost of all supplles, including cyanide and zinc.
 IVITWATERSRAND MINES. 67

Working Emlmuiiture.
ide.

and expenses.

Value per ton. Fire assay value. Flrelgz'zsisflue Theoregg: extme— Actual extraction.

Sands Casts:- Average. Sands. (521,2?- Sands. (5:26:81?- Sands. 033:3:— Sauds. (5:33;?

9. d. I£ 8. d. s. d. dwt. dwt. dwt. dwt. per cent. per cent. per cent. per cent.
15 6 | — 15 6 6-100 -— 1-750 ‘ -— 71-311 — 60690 I —
11 3 — 11 3 5-500 — 1-750 . — 68-181 — 48-864 —
14 9 I - 14 9 4-990 _ 1-590 I - 68-136 - 70-837 _
11 2 3 12 8 l2 6 4-590 29-200 1-400 I 15000 69-498 89-726 58-428 59-414
11' 4 ' 4 0 11 13 10 4-570 19-750 1370 I 1'400 70-021 92-911 59-694 97-980
11 11 I 3 1 8 14 9 4-350 17-120 1-280 , 1320 70-574 92-289 65-555 86-173
14 0 I 3 10 5 16 11 5-430 23-000 1-530 l 2-250 71-823 90-217 61-916 73-146
15 2 l 2 17 2 18 1 4-700 18-270 1-400 | 1-87() 70-212 89-764 77-349 74-925
14 0 3 4 5 18 0 4120 17-000 1-150 ' 1500 72-087 91-176 81-942 91-136
11 7 2 18 1 14 11 4-250 15-250 1-090 1250 74-352 91-803 65-873 91-671
12 3 2 10 2 15 10 3-950 13-750 0-870 1-500 77-974 89-090 74-918 87-863
14 11 3 1 2 18 1 4-560 18-500 1140 2400 75-000 87-027 87-986 78-954

13 2 I 3 1 8 15 4 4-759 18-837 1-360 1-730 71-597 90-444 67-837 I 82-362

and expenses.

Electric pump. Electric light. Royalty. Totals. Average cost

per ton on
C t t C I milled ton
Fg,’ Cost per ton. 2);)’ Cost per ton. (in? Cost per ton. Cost. I Cost per ton. ‘m8e b9319

9 d. s a. .5 s. a. s 1 5. a. a. d.
8
10 0-177
0228 10
11 0-211
0-254 592
413 1
0 0115
8-815 2,660
2,573 I 4
4 6370
6-807 3 2-565
2 10-747
12 0-235 15 0-335 521 0 11-644 2,588 I 4 9-782 3 0-986
13 0-253 13 0233 457 0 9-626 2,349 4 1-414 2 8-869

19
12 0-413
0-221 19
17 0-399
0-332 528
534 011-038
0 10-423 2,150
2,351 I 3
3 8996
9-927 2
2 6-763
8-149
19 0-381 17 0339 667 1 0-723 2,624 4 2-072 2 11-775
22 0-450 25 0-512 637 1 1561 2,331 I 4 1-614 2 10-155
19 0-410 19 0-413 612 1 1-388 2,427 4 5-130 2 11-470
19 0-367 33 0-63-2 574 0 11-172 2,547 I 4 1-607 3 0786
19 0-412 18 0-374 548 0 11-730 2,481 4 5-118 3 1-082

33 0-672 29 0-600 650 1 1-530 2,596 I 4 6-097 3 5-238

205 0355 226 0391 6,733 0 11-647 I 29,677 I 4 3-411 2 11-548

Nolea.
(E) Represents the cost of maintaining the works.
(F) Represents the cost of operating solution and vacuum pumps.
G) Represents the cost of lighting at the works.
5H) Represents the amount of royalty paid to the African Gold Recovery Company
for the right to use the process.
89 VAdII/fl GNVHSEIHI 'SHNIH

611-439
94-800 9,056'668
551-682 underI-L—In view
headings
the
N*being
table
this
figure
slimes
“Gold
ofIt
loss.
item
largest
that
noted
be
and
lost,"
oform
must
-rare with
dams,
in
stored
they
although
and
future
under
cheadings
is
ait
treatment;
the
Lof
results
profitable
that
to
n“otost,”
nanowappear
ificdiepnateldy
Gold
in
lost
fine-
oz. Regina
Residues. 1,027-425— 985-950— 854-863-— 781-620
37-050 1-862
81
130-450 691-392
41-154 912-874
72-337 733-950
73-491 580-692
61-500 622-989
55-625 441-612
79-275
clone“-
Sands.
ozoz-.

} - -_— ,
5,361'521
36'600
63'399
1,514-154
3'450
6,875-675
1'750
6,505
11,268 464-009,
9-670
9611-590,6,046
410
759
598-5098-_0-9540936401,1400
% 1'439
66-516
65-077
5,695'450
.‘3'670
7,407-006
1,497'295
214-261
33482
3-000
5,745
11,165
247 .4-020
71-445
67‘793
3'652
28'553
2,005'983
510'883
5,354'863
5,026
1530
7,901-729
11,933
2-250
643

Egg-
$135?‘
1317;}.
‘fig-5;;-
SlaMSiTnmi6adsComel1n.id1m.se,
11.11
11—
1‘—1 1 _1‘
Resi sTonnage
gGold
rfine
in
escyoaoz.vegr'eédusgma.

egg;
percent.
dwt.
tons.
oz.
011.
tons.

Sand
tof
raet01-0asetumletnst.
TSof
Ore
and
rRteastuemletnst.
Mill
Cyanide
and
120-stamp
Works.

i ‘
64'33)
3986
68366
31'632
5,298'083
Iii-390
7,331'890
1,540‘324
493-483
5,308
1-280
10,803
1320
669 E3230
i68-799
114-155
1,600-124
622-103
5,322'549
5'356
25844
7,544-776
890
4,294
11,431
1‘090
1250
k3'759
50000
69'999
67-521
‘2'478
5,420'042
420-888
7,457-572
1,616'642
1'370
5,266
1-400
11,852
435
tmtea''dnes.
Sands.
Slimes.
Total.
Tesclen--
i1'140
1 33'400
576'963
4,728'218
76-231
71-002
7,452'110
2,151'929
10,727
5-229
3,591
23'768
2:400
7901 ‘
Lost.
TreaCom
ted. dues.“amt

mill.
leaving
Perore
of centage

obtained
date.
from
distant
this
be
will
atsnoource
very

1,3-020
‘.0-870
69-811
63-228
6583
4,847
30'188
688'495
5,031'548
7,172171
1,502'128
1,057
10,153K
‘
1'500 11-360
16,977
62I
4518329130,1,997
9-724195,703’-456201594126

I
5,890-992
70-931
29-068
2,173-512
3-870
8,064-504
1-750
4,812
11,742
——- g786 33-237
64-042
4-800
31-156
68-842
‘091
7,791
1,905-862
537-974
5,347'255
‘53-890
5,101
1-400
1870
10,485 66-761
61-522
5239
1,704'719
666-205
5,006'564
33-010
l
5,456
1'150
7,377-488
1860
1-500
1
0,099
-

1
,
200.
7115
Mill.

1
September November I
averages,
December February and
Totals
\
1894-5. August. October. January
Date March
April June
May July
 “3% $0.2 833% w 20%
69

. .
00h0~ ““.0000 .0000 _ 000.0 000.5060 000000.00 R000 00700 000.08 000.90 330.0
.i
“8.0 I $2 I I R20 I 0.8.8 I 2.85
. I I 83028 I I I I
$0 0
I
000.0
I
000.000 0
I . . I I. I 890%?" mwuuw
0.00.00" 0000 0000: H0 000.00 :0 00H macaw
I I M I I I I I .
000.0 “00.0 000.50 mwsflmfi mfidbawocoo
I 83 | 32. I 5033 I 23 t3 I . “$228.80
I I I I. I I . ...
0.3.0.0 08.0 H0000 0.00 000.000 :02
.38 “on .Eou .50 3&0 .080 .No .3 4:3 .60 Java .50 .55.. ii:
l I I I II I I I
=35 .33 HEEEEI .QQQH _.I0o.~o>cu3~l .23 63:20.
I ._.I0?$>ooofi I II II I. .0.wI
Sick
553:8 500 00 00858.50 53 .50 How .25. 20.0 .No 2.6 E 030 7:8. 40805.82 PE 00 omficofiom
0.55530.
I I . I II . . I III I I
30.22,:
000.2 05.2 *0000 000.0 “0.0 05.00 000.00 “00.0 v0.0.0.0 000.0 0.000% 0000 3.0.0 000.0 :00 000.0 05.0 000%0060 ‘000000.00
MINES.

0.5 530.0
IIII IIIIII
IIIIII0I.I
000.: 30.00 000.0 0.0.0.0 ~00; 000.00 00.0.00 00.0.0 000.00 03.0 000.0 000.0 000.0 000.0 040.0 0000 000.0 000.000; 00.0.0.5 A935
000.2 000.3 0.00.0 3.0.0 0000 00000 000.: 000.“. 000.00 000.." :00 000.0 000.0 000.0 :0; 000.0 0000 000.000; 000.8» 0.55.590
WITWA TERSRAND

0000a 000.0H NEE‘. 000.0 000.0 000.00 30.: 00.00 000.00 000..“ 000.0 03.0 000.0 08.0 000% 03.0 000.0 000.000; 08.000 0.1255.
0En0~ 000.00 000.0 000.0 00.0.0 03:00 0H00~ 000.“. 20.00 000% 000.0 000.0 _ .000 “00.0 R00 300 000.0 000.000; @0700 .SAEQUQQ
30.: 000.00 30.00 000.“. 000.0 000.5 05.00 000.0 00.3.00 000.0 000; 000.0 08.0 :00 000.0 .0000 000.0 000.02.; 03000 uBEgoZ
000.: 00000 0.00.2 000.0 0000 000.00. 000.00 000.0 00000 000.0 03A “00.0 080 0.0.0.0 00.0.0 300 000.0 000.000.." 00.0.0.5; £5300
000.2 000.00 000.00 or...“ 000.0 000.5 2.0: 000.0 08.00 000; 000A M$00.0 000.0 “00.0 000% 000.0 30.0 000.000;. 03.000 $95300
0000M 000.00 H0000 #30 000.0 000.00 5?: 000.0 000.00 080 00: 000.0 000.0 000.0 010% 05.0 000.0 0.00.000; 0.00.000 350:0.
$0.2 H0000 000.: 000.0 0000 30.0“ 000.0.“ 000.0 3.0.0 0000 000.0 :00 000.0 000.0 03; 000.0 000.0 R0000; “00.0.00; bah
000.00 00.0.0~ I 0.00.0“. I 000.00 I I 250
000.3 000.0 “00.0 000% 20A 0070 000.0 000.0 000.000; $0.00.:
I 7000.0 I I I
0.0000 v2.00 000.00 30.00 =000h 000.00 3.00 000..“ 000% 000...‘. 000.0 000.0 000.0010 03.00.} has
_“00.0H
000.0." 000.0 I 00:00 I 3.0.00 00H; I I 0.34
@000“ 000.2 000.0 30% 03.0 000.0 0.2.0. $0.000; 000.50
#00000
.60 .23 .80 .020 .020 .030 .020 .020 .080 .fi. 5:“. .3 do
.020 .WMMQ .wwmu .050 .WMMQ V “Mme .wwmo
I
I I . . I
.250 52.20051 0 53¢: 33. . 6323.0 5380
.020 0:0 .300. $500 03M 585“ .0808 i050 E3 .53 050.0. 25:0 -130 _ .QSEQ .300. £0.30 .50 .53 .1308 .8800 .0003
E 20 5.05.0 .5230 ‘
:80 3:50 . Ins-80 500
I I I I I II I. I III I II . I I
0a 2.1;
1500. . . .
=08- 39350 300 00 “002-6390 53 .50 .32 3% .080 warm do 0:0 5 .32 30¢ 25
35.33 fiwwwwwoowmfizwfiah qougoocwwwowwflku 20.0
 VAAIIM GNVHSHHJ 'SHNIW

expendi'
"(n-Egg
TomlGeneral
charges.
rdMine
evdelmoptmieont. 82117?‘
mnimll'
Lnming'
transport‘
IDime‘nwrSal
GL‘
d
S
aell:rdver-
“eusenpoi‘i?
acreiig1:32,.
el12:2,.
snmeiandi6th
rmg‘snfi't‘d
80:2“
Date.main-
Totals.
level.
gli e vlzlogmadgau
tisai‘gg.
diture.
wuance.
rent.
rmilled
wages.
edon
efees_
im“on.
Less
npteiroenst Cost.
Cost
ton.
Cost.
milled
ton
per
on
£
d.
2
£.9.a.
basis.
tonnage
a‘nd

'Monnricees~.
May
326
177
123
103
113
390
12
23,197
6
1
1,922
1,021
644
48
119
898
254
966
800g
—- l'laovtgllzezgd
i. 526,5510
3,458
919
1,191
726,206
12,569
1
i
175
463
1,510
7,151
3,764
7,921
2
113
3,481
38,974
6'411
'366
024

stoped
each
rlevel.
and
from
Rcetonnage
(E)
shafts
of
main
basis
therdpon
oersmecpsuteinsotns
mewed'CCost
ton ton bssis.
ostper 18174-5.
(D)
(Ci
(B)
(A)
milled
(E)
tonnage uagelmsis
of
Analysis
Charges
General
EMine
Working
Monthly
RDand
xepdv:
enmldpoitimuoerne.t

348
December
1,060
259
051
3
2,526
114
119
7
1
22,198
373
565
8
21636
‘
928
547
l
748
,009
—-—
20)
Idfees,
ifire
sloyees’
of
legal
anetc.
cost
oscniueemltaxrutpadienocsnes,
stafi',
Reetc.
(A;
general
stof
iacomlprsearutkeanvirsaegpaysnleorts,

aof
medical
Rtcost
B
the
and
hospital
native
epnrdeanscen.ts
Evplanato'ry
Notes. builsings,
mroads,
Iof
fences,
(D)
aetc.
cost
nicnltuadiensing

commission
_

‘258
71
September
330
125
4
58
4585
2
1,997
123
31,089
20,632
121
572
83
830
085
549
575-— 259
64
31356
7
November
913
2
2,453
177
3
1,027
30
278
22,309
1565
718
11957
019
040
19—
1
5299
January...
159
84
131
259
22,019
1,033
7
1
22,511
64
813
2
433
601
568
‘154
165
912—- February
259
43151
78
20
2
2,318
654
703
6
1
21,145
126
581
468
‘527
0'640
233
059
,020
—
August
330
62
06253
63
658
2
2,212
3280
5
1
21,983
119
1,151
608
118
871
236
563
750—- |
October
62
304
647
260
42,057
7298
5
1
22,569
23
77
2
3565
119
1,122
824
045
729
284—-
April
90
259
3176
757
75
462
2
1,911
6
1
22,071
651
1952
71
125
894
'713
'996
807—- March
1201
259
952
2
2,109
57
993
3581
22,578
920
21
389
626
513
423
1
0659
507
768'
—‘
1297
June
329
268
1157
2
2,423
22,591
6
1
616
158
21,026
630
5
119
868
0627
0747
671—- July
386
134
7329
32
115
438
2,259
242
5
1
21,726
621
125
1,126
107
884
'596
901
763—
71

NHNN NH N NH NNN_._NH NNH..N NH H H. N NNHNNNN HNNN N NH NNN NNNHH H_N NH HNNNH NNNN N N N NNNNN NNNN H N H HNN... NHNNMMMN
I IIIII .II I , I I II II 1 IT -II
NNNN HH N N NHN.N. HNNNH N N N NH NNNNN NNNNH NNH NNN NNHNN NH NH NHHNN NHN.N NH N N NNN.N NNHN N H NHN NNNNH T. .555
NNNHH NH N NH NHN_N NNNN NH H N N NNNNN I I NNNN NH. NH NNN_N HNNN N NH N HHNN NNNN N H H NH NNN_HN NSENeNH
NNNN NH N H. NNN.N HNN.N NH H H, NH.NHH,_HN I I NNNH NNNN NHNN N N NNNN NNNN N H N NH NNHNN TJNSEEN.
NTN H
NHNN NH N N NHN.N NNNN NH H NH NH NNNNN I I HNNN. NNN.N NHNN N NH NNN.N HNNN N H HH N NNNNN 23585
I I NNNN N _N
NNNN NH NH NH NNNNH NNNNH NH H NH N HNNNN NNNN NH NHNN NNNN N J NH NNNN NNNN N H H NH NHH..NN gaesz
N_N
MINES

.83 NH N N NNNNH NNHN NH H H NH NNHNNN I I NNNN NNN HNNN NNNN N ,N N NNNN NHNN N H N H NNNNN 539.50
NHNN NH N NH NNHNH HNN.N NH H N NH NNNNN I I NHNN N NNH NNNN NNNNH N WHH NH HNHNN NHNN N H N N NNNNN NBBBHHNN
NNNN NH N N NNN.N NNNN NH H N NH NNN.HN NNHN NN NH NNNN NNN.H NNHNN N 3&3.
1N NH HNN.N NNNNH N H N N NNNNN
WITWA TERSRA ND

I I NVNN
NNNNH NH N N NHNN HNNN NH H N N NNN.HN NNNN HNN NNN HNNN N N NH NNN.N NNHNHN H N H NNNNN ENE.
NHNN, N N N 83 NNNN NH H N N NNN.NN l I I I
NNNN N ‘N N 83 NNHNN H. H N N NHNNN .JSHN.
_
NNN.H. N N NH HNNNN NHNN NH H N HHNNN_NN I I I .I NNNH N _N N NNN_N NNNN N H N NH NHNNN 2.22
NNHN NH N N NNN.HH NNHHHN N HHN NNNNN I I I I H.HN.N NH NHHN NHNNH H N NH NNN.HN HEN
.» .q .n .N. .w .m i
HHT
5 .w i
c~u .Nw u 4» w .~u Q .m» .mv w J» cw u .m» u .~u q
I II I 1I.I II I 5? I II
.IIINIII
.hwee 55.325 fine SE “Maw 2? fix: 9%“? 3%; “an? .95; 95w
I:I I N42:
.2
5:. H.__H“.H_.N==5.H. 33.5.5250 .355
.2532 H22. NE 625
.395 .PAEHHm .519; NEE-mo
615A @5253 “SEE so 2522 No nofinfifim
.N.H\e._n~ NNHE 32.25% Efizoa \N R8332‘
 72 WITWATERSRAND MINES.

Statement showing monthly results of the Company’s operations since March 31, 1894,
to April 30, 1895.

T9115 Cost er ton, Total

iTotal yield
I from c a~ Yield
'Yiel‘ldfm‘“ ‘112.’
r ton ‘cyam- e wot
Period. urns‘! incllilding yield 1 nide woyrks ‘ millegeand ' 1‘ TOW-1 P10513
milllled cyaniding. from mill. lof120stamp‘, cyanided. ing, and l
I l mm‘ , l slimes.
a if __I i .__
1894. i ii a. d. 02. i oz. cwt. qr. l \ £ 8‘ d
April 16,544 1 6 7996 73442 1 28895 12 8915 18193 14,303 0 7
May 17,773 1 6 1254 6485‘7 . 197925 9 12'615 154385 | 7,207 19 3
June 16,799 1 6 10747 601425 2631'15 10 17'026 1637'8 ; 7,655 2 0
July 17,158 1 5 3901 6908 228965 10 17306 , 1422'85 ‘ 10,314 17 1
August 17,553 1 5 0563 66134 26971 10 14602 1 142465 ,l 10,762 2 3
September 16,780 1 4 7085 65216 , 274295 11 1016 ‘ 1462'4 \ 11,464 10 5
October 17,602 1 5 7729 652945 331210 11 4'361 1 12067 5 10,753 19 3
November 16,372 1 7 3019 65033 i 327575 11 22583 i 10746 i 10,536 7 0
December 16,415 1 7 0547 61158 ' 308715 11 5108 \ 1097'8 , 10,004 14 11
1895.
January 16,615 1 7 1'154 650535 I 2960 11 9459 ‘ 795'20 ! 9,157 19 2
February... 16,056 1 6 4059 620355 I 298940 13 1471 I 77630 9,302 7 11
> March 15,108 1 9 10659 5742'10 : 340305 13 12263 76620 8,877 4 7
April 17,145 1 5 11'121 6928'50 2993'80 13 11644 263'85 , 10,725 12 3
1

It will be noticed that the returns from the treatment of accumulated tailings and slimes are
gradually declining as the latter become exhausted. The shortfall of these will not affect the
output, as these returns have already become very small, and besides are being made up for by
the increased yield from the 120-stamp mill, which is able to dispose of 18,000—20,000 tons per
month. The old 60—stamp mill was shut down in 1893, owing to the much larger crushing power
of new mill (over 5 tons per stamp per day). As soon as mine development is pushed further
ahead, it would be possible to start the (SO-stamp mill again, or add 40 heavy stamps to the
present mill.
DFBCRIPTION OF THE PROPERTY.—Consists of a mynpacht of 50 morgen (about 100 acres), hold
ing about 20 claims or 3,000 ft. on the outcrop of the reef, and about 49 claims on the dip. . The
property is located between the Langlaagte Estate (west) and the Mint, Pioneer and Robinson
Companies (east). The Company owned originally two water-rights, on which the 60 and 30—stamp
mills were erected. When purchasing the freehold of the property from the Langlaagte Estate
for the sum of £25,000 (£1,000 Government dues to be added), the terms of purchase included the
abandonment of the 30-stamp mill water-right and site to the Langlaagte Estate. As a site for
the new 120-stamp mill, 43} claims were purchased for the sum of £2,587, and a water-right for
£3,000. The 43} claims are about 3,500 ft. south of the outcrop, and are daily gaining in value as
future deep level ground. The Company further acquired 8 claims on Turfl'ontein for £325 ; these
claims adjoin the (SO-stamp mill site. (For plan, see Volume III.)
Title to the Property: The freehold of the mynpacht has been acquired by purchase. The
other property is held under claim licenses specially registered.
Dascmr'nos or MINE AND MINING INTELLIGENCE—The reefs contained in the property are the
South Reef, Main Reef Leader, Main Reef and North Reef. The average dip of these 1s,
near the surface, 51—54°, and the average distance from the outcrop of the South Reef to the
southern boundary is about 1,100 ft. The mining area is divided by a fault of some 250 ft. extent,
almost in the centre of the property; the reefs to the east of the fault have a lateral extent of
about 1,500 ft., and those to the west, of 1,150 ft. There are 2 main shafts, by which principally
the exploitation is carried on; these were not connected with the first level, being intended for
deeper workings. The eastern section is exploited through the east and middle shafts ; that from
the west area through the west shaft; in all, 2 main shafts and 2 auxiliary shafts vertical, and
1 main incline shaft in the central section of mine.
No. 1 Main Shaft .' Sunk vertically to the 3rd level, and 30 ft. below, into the Main Reef
body, from which point it has been continued on the incline, following the dip of the reef at about
55°. At the end of the year (March 31, 1895) this shaft was at 2 ft. below the 7th level.
Main Incline Shafl : Sunk on the Main Reef to the 5th level and cross-cutting to the South
 WITWA TERSRAND MINES. 73

Reef at 10 ft. below. Depth at the end of the year, 166 ft. below 7 ft. level (average vertical
depth, 728 ft.).
No. 2 Main Shaft: Sunk vertically to the 4th level, at which point it cut the Main Reef, and
was turned off in same on the incline at an angle of 40°; depth at the end of the year, 116.1; ft.
below the 6 ft. level._ The underground operations during the year ended March 31, 1895, have
consisted in stoping the Main Reef Leader and South Reef on the 3rd, 4th, and 5th levels; sink
ing the three main shafts, and development work on 3rd, 4th, 5th, 6th, and 7th levels. Up to the
present seven levels have been laid out ; from the 1st and 2nd levels only small remnants remain,
which will be extracted at a later period. The several levels are placed at the following respec
tive depths: lst Level: Average vertical depth, 90 ft.; 2nd Level, 180 ft.; 3rd Level, 256 ft. ;
average depth on line of reefs, 362 ft. Active stoping was carried on during the year on this level.
The tonnage mined was: Main Reef Leader, 57,547 tons; South Reef, 59,448 tons; total, 116,995
tons. The Main Reef Leader averages about 2 ft. in width, and has an assay value of 1 oz. 6 dwt.;
‘the South Reef ranges have 4 ft. in width, of an average value of 1 oz. ; the Main Reef has been
penetrated at several points, and was found of an average width of 10 ft., with an assay value of
about 3 to 5 dwt. 4th Level: average vertical depth, 346 ft.; average depth on line of reefs, 490
ft. Stoping in both reefs continued during the year; development is nearly completed, with the
exception of some 45 ft. on the South Reef, west of No. 2 shaft. The Main Reef Leader averages
1 ft. 3 in. in width, assaying 1 oz. 13 dwt.; the South Reef, 2 ft. 6 in., assaying 2 oz. 5 dwt.;
the Main Reef has 8 to 10 ft. width, assay value 34 dwt. per ton. The output of ore from this level
was during the year, from Main Reef Leader, 28,005 tons ; from South Reef, 36,313 tons ; total, 64,318
tons. 501 Level: Average vertical depth, 445 ft. ; average depth on line of reefs, 629 ft. Stoping
,operations were commenced in January, 1895, the output of ore being principally derived from
development works, viz., from Main Reef Leader, 8,857 tons; from South Reef, 7,989 tons; total
16,846 tons. The character of the reefs is very promising, the Main Reef Leader showing an
average width of 1 ft. 10 in., assaying 2 oz. 6 dwt. ; and the South Reef, an average width of 2 ft.
2 in., assaying 2 oz. 6 dwt. The vertical dyke formation found, having faulted the reefs in the
upper levels, disappears at this level gradually into the hanging-wall. A loss of, approximately,
14,000 tons of reef has been caused by the intrusion down to this level. There is no material im
provement in the character of the Main Reef. 6th Level : Average vertical depth, 540 ft.; average
depth on line of reef, 772 ft. Developing work going on since September, 1894. The Main Reef
body shows a width of 17 ft., including about 3 ft. of Leader next to the hanging-wall. The
Leader assays 1 oz. 3 dwt., while the Main body is averaging low, viz. 2 to 3 dwt. The output
of ore from development work amounted to 1,415 tons. 7th Level: Average vertical depth, 615 ft.;
average depth on line of reefs, 897 ft. This level was reached in February, 1895. The reef body
shows a width of 16 ft., including 3 ft. of Leader. The Leader assayed 16 dwt., and the Main
body 5 to 6 dwt. per ton. The ore output was 30 tons.
GENERAL.—-The inclination of the main incline shaft was changed from 45° to 28° at a point
85 ft. below the 5th level in order to conform to the position of the reefs at the south boundary
line, as determined by the borehole to the south of this Company’s property. The underground
operations during the year ending March 31, 1895, are summed up as follows :—
Main Reef Leader. South Reef.
Number of feet driven, sunk, and risen on 3rd Level 90 ft. 6 in. 51 ft. 0 in.
n n n 4th 11 2,978 n 6 :1 27632 11 6 n
n n 5th )1 3,602 11 0 n 2,733 a] 0 n
,, ,, ,, 6th ,, 879 ,, 2 ,, Nil.
,, ,, ,, 7th ,, 211 ,, 0 ,, Nll.

7,761 ft. 2 in. 5,416 ft. 6 in.

W

Grand total 13,177 ft._8 in.

Ore Exposed by Development Work.

Main Reef Leader. South Reef. Total.
On 3rd Level Nil. Nil. Nil.
,, 4th ,, 74,396 53,689 128,085
,, 5th ,, 53,992 53,642 107,634
,, 6th ,, 1,915 Nil. 1,915
,, 7th ,, ... 330 Nil. 330

Total tonnage exposed @,663 107,331 237,964

Or 37,179 tons of more ore exposed than milled during the year.
74 WITWA TERSRA ND MINES.

Actual Tonnage ll/Ilned.

Main Reef Leader. South Beef. Total.
On 3rd Level 57,549 59,448 116,995
,, 4th ,, 28,005 36,313 64,318
,, 5th ,, 8,857 . 7,989 16,846
,, 6th ,, 1,415 Nil. 1,415
,, 7th ,, 30 Nil. 30

Total mine output 95,856 103,750 199,604

Or 1,181 tons less thaninilled during- the year.
Ore Reserves.
f 11 The estimated available reserves of ore in sight in the mine on March 31, 1895, were as
o ows:——
Main Reef Leader. South Reef. Total.
On lst Level —— — 1,700 tons.
,, 2nd ,, — — 3,000 ,,
,, 3rd ,, 15,500 7,5 23,000 ,,
,, 4th ,, 57,000 40,000 97,000 ,,
,, 5th ,, 40,000 50,000 90,000 ,,
,, 6th ,, 500 —- 500 ,,
,, 7th ,, 300 — 300 ,,

215,500 tons.

To this the stock of surface ore is to be added, viz. free milling ore, 231 tons; pyritic,
10,074 tons; total, 10,305 tons. In all, 225,805 tons of available ore, or a gain of 46,619 tons
over the previous year, and equal to about 13 months supply for the 120-stamp mill. A complete.
analysis of mine costs will be found in Table A.
Mill: The 120-stamp mill during the last year made a crushing record of 200,785 tons of
hard ore. The crushing duty was 4,901 tons per stamp per 24 hours. The milling costs, including
maintenance, were 3s. 0'327d. per ton, being a decrease of 11'4561I. per ton on the previous year,
when the old 60- and 30-stamp mills were still in operation. Table B gives a full analysis of the
milling operations of each month.
Cyanide : The new works at the 120-stamp mills are doing excellent work. The total number
of tons treated during the last year was 138,788, of which 132,411 were sands, and 6,377 concen
trates. The cost of treating this quantity, including maintenance and royalty, based on the tonnage
nililledmwas 2s. 11'473d. per ton, and on the basis of the actual tonnage treated by the works, would
8 0w t us :—
Cost. Per ton.
132,411 tons sand (tailings)— £ .9. d. s. d.
Treatment and maintenance 21,271 2 0 3 2554
Royalty at 58. per standard oz. 5,704 15 2 0 10340

Total cost of sands £26,975 17 __2

6377 tons concentrates— £ 8. d. s. (1.
Treatment and maintenance 1,673 9 11 5 2982
Royalty at 48. per standard oz. 1,028 6 10 3 2701

£20791 16 9 8 aces
Average actual Extraction: Sands, 66713 per cent.; concentrates, 82837 per cent. The
average assayed value of the residues after treatment was 1367 dwt. for the sands, and 1730 dwt.
for the concentrates; the assayed value of the slimes stored for future treatment averaged 3'536
dwt. per ton. The revenue from the cyanide works for the year ending March 31, 1895, amounted
to £107,643 58. 4d., which represents 28810 per cent. of the Company’s revenue for that period.
In Table C’ a complete statement of the cyanide operations comparing each month will be found.
Accumulated Tailings and Slimes: The old cyanide works at the 60-stamp mill continued
treating the accumulated stock of tailings up to January, 1895, when work was suspended owing
to exhaustion of stock. The 30-stamp cyanide works continued up to the end of last financial year,
and were then closed down and dismantled in keeping with the conditions of contract entered into
with the Langlaagte Estate Company, when the freehold of the mynpaoht was purchased. 82,513
 WIT WA TERSRA ND MINES. 75

tons of tailings were treated at these old works during the last year, at a total cost, including
royalty, of £33,932 28. 1011., which left a profit of £12,558 Os. 1011. At the 60-stamp mill there are
lisome 20,000 tons of accumulated tailings left which should give a small profit for a few months
onger.
Treatment of Ore : Early during last financial year it became evident that a satisfactory ex
traction could not be economically obtained from the tailings leaving the mill, the system of blanket
concentration being found too costly for the low grade ore. Hydraulic separators (Spitzkasten)
were therefore adopted with satisfactory results, so that since a monthly product of concen
trates is being obtained, equal to 4-261 per cent. of the mill tailings. These concentrates contain
about 33 per cent. of pyrites, and average 1 oz. 0 dwt. 7-278 gr. per ton in value. The cost of
winning in this manner has been small, owing to the automatic working of the system, and in
addition, an increased extraction from the tailings has been effected.
DESCRIPTION or SURFACE WORKS.-—Shafis: The work of the mine is carried out by three
shafts, viz., No. 1 (the east shaft); main incline (the central shaft); No. 2 (the west shaft).
No. 1 Shaft: This shaft is fitted with a powerful winding engine. This engine is of the ordinary
geared type, by Messrs. Tangye. There is also an 8~in. Cornish pump which lifts from the 3rd
level to the surface, the water below that being handled by a 3-throw electrical pump. Both
engines are supplied with steam by boilers of about 60 h.p. The shaft is carried down vertically
until its intersection with the Main Reef Leader, and is thereafter run in the footwall of the same.
The ore hoisted from this shaft is trammed to the main incline, when it is dumped into an under
ground bin, from the shoots of which it is loaded into the skips of the main incline, and hoisted by
them to the grizzlies. No. 2 Shafl .- This shaft is well equipped with a powerful hoisting engine,
supplied with steam by two 20 horse locomotive boilers, and a substantial headgear. It is carried
down in the same way as No. 1, first vertically, and then on the underlay. The ore hoisted is,
like that from N0. 1, trammed to the main incline, and dumped into the same underground bin.
Main Incline Shaft .- This shaft is carried down at an angle of 45° and fitted with four compart
ments—one for sinking, two for hoisting, and one for air- and water-pipes, elexatric conductors, and
ladder-way. It is fitted with a large and substantial head-gear, comprising the following: Grizzlies,
or screens over which the ore is first tippedto separate the coarse rock from the fine; the fines,
passing through these, fall into the fines’ bin beneath, and are trammed direct from the shoots to the
mill. The coarse rock passing over the grizzlies falls on to a floor, where some of the waste is sorted
out and thrown into the side bins, whilst the remainder of the rock is shovelled into the crushers, of
which there are four by Blake. These crushers crush up the coarse rock to a size suitable for the
stamps, and the crushed rock falls from them into a bin beneath, whence it is trammed to the
mill. The further equipment of this shaft consists of six 60 h.p. boilers, which supply steam to the
following machinery: One very powerful geared winding engine by Walker, cylinders 16 x 28 in.
One geared winding engine by Tangye, used for sinking. One 15-drill air compressor by the Rand
Drilling Company. One 20-drill compound air compressor by the Ingersoll Company, and a small
20 h.p. driving engine, which, by means of belting, operates the crushers on the head-gear. The
air compressors are worked condensing, and there is a large reservoir built of corrugated iron sheets,
backed up by rubble, for containing the condensing water. Tram Line : This tram line, which is
worked by electric motors, is of 2-ft. gauge on the overhead trolley system. This is the only electric
tram line in operation on the Rand, and has been so successful that the cost of conveyance of the
ore from the shaft to the mill (a distance of one mile) is under 2d. per ton, which figure includes
interest on capital, maintenance, and working expenses. The current required for the operation of
the electric motors is supplied by the dynamos in the mill engine-room. The rolling stock consists
of a motor car and a number of trucks of 30 cubic ft. capacity, fitted with spring bufling gear,
coupling gear, spring axle-boxes, and 18-in. wheels. These are capable of being handled at a rate
of 16 miles per hour without any excessive wear and tear. The permanent way is laid with 25lb.
steel rails.
Mill : The mill consists of 120 stam s by Messrs Fraser & Chalmers, and is one of the best
type that this firm has supplied on these iields. It crushes 5 tons per stamp per 24 hours through
800 mesh screen, and has been running satisfactorily for about 18 months. It is constructed with
60 stamps, back to back. Illill Engine-Room : In this engine-room is the main driving engine, a
60 x 48 single cylinder condensing horizontal engine by Messrs. Fraser & Chalmers. This engine
is coupled direct to the line shaft of one half of the mill, and drives the other half by means of a
large belt. It also operates, by means of a complete system of rope transmission, the whole of the
electric machinery. The rope transmission employed is similar to that known as the Dodds’
system, with certain modifications introduced to add to the convenience of the plant, and consists
of a single rope wound round both the driving and driven pulleys, and crossed over by an idler
pulley, which is mounted on a sliding carriage, and used as a tightener, the strain being adjusted
automatically by a weight hanging over a pulley, which rises and falls with the strain on the
rope. The electric machinery comprises three 20 unit continuous current dynamos, Elwell
76 WI 1 WA TERSRA ND MINES.

Parker, for 550 volts. These produce the current which is transmitted over the property for the
following purposes: The operation of the main pumping plant at the Company’s lower reservoir ;
the working of the electric motors on the tram line ; the pumping of all the mine water from the
mine by three sets of electric pumps, situated underground at different points in the mine; also the
driving of the machinery in the workshops, in the cyanide works, and at any other part of the mine
where it may be required. Besides these there are two alternating current dynamos, Elwell
Parker, of 30 units each, whose fields are separately excited. These machines supply current at
2,000 volts, which is carried all over the property by conductors, and transformed down to 100
volts at different points by transformers, and from these distributed for lighting purposes both on
the surface and underground. There is also a double-cylinder vertical auxiliary or stand-by engine
of about 200 h.p., ‘which is connected up to the counter shaft driven by the main engine in such a
way that the electrical plant and some portion of the mill can be run by it in case of an accident
to the main engine. The boiler plant consists of six 60 h.p. and two 80 hp‘. multitubular boilers.
These are set in pairs over the same fire, thus practically forming three boilers of 120 h.p. and one
of 160 h.p. This mode of setting was adopted by the consulting engineer on account of the large
grate area which it admits of, and which is necessary in order to get reasonable duty out of Rand
coal. The arrangements for handling the feed-water have been paid great attention. The water of
condensation from the engine condenseris first passed through a heater, through which the exhaust
steam, on its way to the condenser, passes. This communicates a considerable amount of heat to
the feed-water, which is afterwards passed through a Green’s economizer situate in the fines, and
there the feed water is further heated by the waste gases; finally passing into the boilers at a
temperature of about 200°. This conduces largely to the economy of the plant. ilIa'i-n Pumping
Plant: This plant comprises two duplicate pumps, each of which consists of 2 plungers, 18 in. in
diameter by 3 ft. stroke, operated by angle bobs mounted directly over the pump, which is placed
in a large pit or well. These pumps are operated by gearing, which in turn is driven by an electric
motor. A special feature in this class of pump is the fly-wheel, mounted on the pinion shaft. By
means of this fly-wheel, used in conjunction with an eye pass valve communicating from the dis
charge to the suction of the pump, the electric motor is enabled to start against the huge column of
water without any shock. These pumps each deliver, at a distance of about a mile from the
reservoir against a head of about 140 to 150 ft., 66,000 gallons of water per hour, or, working
together, 132,000 gallons.
Cyanide Works .' One of the most interesting features in the surface works of this mine
is the cyanide plant. In order to understand the working of this plant, probably the best
plan is to trace the treatment of the mill pulp (commonly known as tailings) from the point that
it leaves the mill. There, it is first collected by the two branches of the main launder and run
down by gravity to the classifiers, locally known as concentrators. These consist of 4 Spitzkasten,
or pointed boxes, whose bottoms are in shape something like an inverted pyramid. These boxes are
fitted with a pipe leading from a clean water tank to the apex of the box. This creates a rising
current of clean water which meets the particles of solid matter as they settle, and this, combined
with the shape of the box itself, causes the heavier and coarser particles to settle to the bottom,
whence they are continuously removed by a pipe and led to the leaching vats, whilst the lighter
particles overflow the lip into the next box. The whole of the pulp from the mill is run through
these boxes, which are disposed one after the other on the line of the launder. The capacity of the
first box is about 1 ft. wide, 4ft. long, and 4 ft. 6 in. deep. The others are gradually widened, but
their length and depth remain the same; the last box of the group being 2 ft. 6 in. wide. These boxes
separate four different grades of material, the first and second, being mixed together, are termed
concentrates, and consist mainly of pyrites with a considerable admixture of coarse sand. The pro
ducts of the third and fourth boxes are also mixed together, and consist principally of coarse sand
mixed with a small proportion of pyrites, and are generally termed “coarse sands.” These two
products are then run into separate leaching vats, in which they are treated with cyanide solution—
the concentrates for about 12 days, and the coarse sands for from 5 to 6 days. The cyanide liquor
containing gold from the leaching of these is run down to the extractor house, where it is treated
as described further on. The remainder of the mill pulp, which has passed over the fourth Spitz
kasten, described above, runs down to a fifth Spitzkasten, in which the final separation of the sands
from the very finely divided material, locally known as “ slimes,” is effected. As in the first
named Slpitzkasten the sands are drawn away from the bottom of this box, the slimes escaping at
the over ow or lip. These slimes amount to about 27 per cent. of the solid matter crushed by the
mill, and have, up to now, been run away without further treatment and impounded in dams. The
gold value of these varies from 70 per cent. of the value of the mill pulp to an equal value; and
when the value of the slimes is below that of the mill pulp a concentration has of course taken
place in the sands. This method of classification and running the separated sands direct into the
leaching vats for treatment by cyanide solution, without further handling, is what is commonly
known as the direct treatment, and was introduced by Mr. Hennen Jennings and Mr. Fearnside Irvine.
 WITWA TERSRAND MINES. 77

The method of filling the tanks with the separated sands from the Spitzkasten, which also deserves
description, is effected by means of a hose moved about in the tank by a Kafiir, who is taught to
distribute them evenly all over the tank. The water entering the tank with the sands overflows
at what is commonly known as a “ slimes gate.” This consists of a couple of upright posts, made
water-tight with the wall of the tank, in which a groove is cut for the insertion of slate, or strips of
wood, about 3 in. high. Thus, as the tank is filled with sand, the depth of the water on the surface
of the sand is kept uniform by inserting these slats or strips one above another, and the amount of
the settlement in the tank determined. The water from this slimes gate contains very finely
divided ore of a higher value than the average of the pulp leaving the mill, and is led away along
with the overflow of the Spitzkasten, and at present impounded in dams. At the Crown Reef the
leaching tanks for fine sand, which amount to over 66 per cent. of the total material handled, are
built of brick worked in cement, and have a capacity of 600 tons each. As this amount has to be
discharged in 8 or 9 hours it is necessary to make the handling of this large quantity as easy as
ssible, and for this purpose large cast iron doors, measuring 4 ft. 6 in. x 10 ft., and weighing over
1,500 lb. each, were constructed on the lower side of the tank. Through these doors the tram line,
by which the tailings are discharged, is run right into the tank; and when the tank has been
emptied, and requires again to be filled, these doors are replaced by means of an ingenious contrivance,
by two Kaflirs, and screwed up perfectly water-tight. A method has been discovered—and a plant
is now to be erected on this property—for the purpose of treating these slimes, and in future, instead
of being impounded in dams, they will be led directly from the Spitzkasten and tanks to precipitat
ing apparatus, where, having been separated from the excess water, they will be pumped as sludge
into treatment tanks, in which they will be treated by cyanide solution and their gold dissolved,
thus completing the process of classification, which will then consist of the separation of the mill
pulp into four grades of material, viz. concentrates, coarse sands, fine sands, and slimes, each of
which will be given the length of treatment by cyanide which is necessary for the solution of
their gold contents. The method of extracting the gold from these solutions is well known, and
is the ordinary McArthur-Forrest zinc process. The addition of the treatment of slimes will
probably render it necessary to employ electro-precipitation instead in the future. In the mean
time, however, the zinc process is in use, and the precipitation is effected in what is known as the
extractor house. This consists of a long iron shed, in which are placed the receiving sumps
which receive the solution from the various leaching vats, filter it, and pass it into the precipitation
boxes. Thence it runs into the storage sumps, which consist of three large brick tanks built in
cement and plastered water-tight with the same material. The solution from these storage sumps
is pumped back to the leaching tanks by means of centrifugal pumps driven by an electric motor.
In addition to these pumps the motor drives a lathe for cutting zinc, a globe slag-crushing mill,
and the vacuum pumps. These vacuum pumps are added as being of great service in thoroughly
drying the charges before they are discharged, and thus increasing the rate of extraction.
ll'orkshops: The workshops at this mine, while extensive and well found, differ so slightly
from those described under the heading of Modderfontein, that the description of the latter will
easily apply.
GENERAL REMARKS.—The Company has a printed trust deed. It has lately been resolved to
have meetings annually, and that the directors shall have borrowing powers up to £100,000. Allow
ances to directors, 5 per cent. of dividends, not to exceed £2,800 per annum. Prospects : The mine
is in first-class condition, and the equipment and the administration from a business as well as
from a technical point of view are second to none on the Rand. With the favourable aspect of
the reefs exposed in the lower levels increased profits are practically certain to follow, and mine
development, being afforded such splendid facilities, should put the mine into condition very soon
to warrant the erection of the additional 40 stamps already provided for. The Main Reef fulfilling
its promises would enable the Company to greatly increase the stamping power again, as this
large body of ore could easily supply 60 stamps by itself. General revenue of the Company from
other sources is also certain to increase; the surface rights are daily gaining in value. Considering
that practically the first 2 levels only of the Company’s mine have realized over one and a.
quarter million sterling, and allowed the Company to pay the handsome sum of £305,900 (in
cluding half-year ending March 31, 1895) in dividends during a period of 7 years, the vitality of
the Company cannot be better illustrated than by calling attention to the extensive unworked
mining area of the property which, without the Main Reef proper, will represent more than three
times the area already exhausted (the 43} claims on the far dip being left out of the calculation).
The Company is being skilfully and learnedly managed by G. E. Webber, Whilst the metallurgical
works are under the control of R. Williams, who by exhaustive experiment has introduced many
successful improvements in the cyanide treatment, which have not only benefited this Company,
but the entire industry.
78 WITWATERSRAND MINES.

DOORNKOP GOLD MINING COMPANY, LIMITED.

Formed in 1889.
CAPITAL—£250,000 in £1 shares: 240,000 shares issued and fully paid up.
Directors.
L. EHRLICH, C. S. GOLDMANN, R. GOLDMANN, F. voN Hmsnn'r, G. IMROTH, and G. SoNN.
London Committee.
R. S. D. FELKIN and M. LILIENFELD.
Head Oflioe.
Johannesburg, Transvaal.
London Secretary and Ofico.
JOHN SEEAR, VVarnford Court, Throgmorton Street, E1).
CAPITAL APPROPRIATION.-—T0 the vendors, £210,000; working capital, £30,000; and held in
reserve, £10,000. Total, £250,000.
PRmEN'r FINANCIAL POSITION.-—The Company is about £15,500 in debt, there being a bond
on the property for a part of this amount.
PROPERTY.-—1'9 claims on the farm Zuurbult ; and 1,767 morgen, 47 mode of land, being the
south-western part of the farm known as Doornkop, No. 331. Locality: About 18 miles west of
Johannesburg, adjoining the properties of the New Steyn Estate and South-\Vest Rand Mines.
MINING INTELLIGENCE—A main shaft has been sunk on the Zuurbult claims to a depth of
125 ft. It is 11 x 5 ft. in dimensions, and is timbered to 115 ft. There is a 25-ft. steel head-gear.
Three incline shafts, 8 x 6 ft., have been sunk to an aggregate depth of 427 ft., and two levels have
been driven at 50 ft. and 120 ft. for distances of 533 ft. and 167 ft. respectively. There is a 20
stamp mill (15 Sandycroft and 5 Hornsby), with other machinery. This Was the position of affairs
when milling operations were suspended in 1890. The mine was subsequently let on tribute for
five months, and was then shut down.
GENERAL REMARKs—The more satisfactory development of late on the neighbouring property
may have an important bearing upon the property (3,500 acres in extent) owned by the Company.
The Steyn Estate Reef outcrops about 890 ft. north of the Doornkop boundary. The reef is
dipping north, but in places the reef dips south, and if it maintains this course it will make the
Doornkop property a deep level of the New Steyn Estate. The No. 1 main vertical shaft of the
Steyn Estate is situated 250 ft. north of the outcrop of the reef, and about 1,150 ft. north of the
Doornkop boundary. The reef was struck in the shaft at something over 100 ft. in vertical
depth, dipping very steep, in fact almost vertically. 100 ft. west of the shaft, in a winze, the reef
is dipping south at a very steep angle. No work has been undertaken since 1890.

DRIEFONTEIN CONSOLIDATED MINES, LIMITED.

Formed ZIlay 4, 1895.
CAPITAL—£225,000 in £1 shares; 175,000 shares issued and fully paid up.
Directors.
GEORGE FARRAR (Chairman), 0. S. GOIDMANN, LIONEL PHILLIPS, S. W’. JAMESON, and
J. C. A. HENDERSON (alternate W. W. WHEELER).
London Committee.
ALFRED Barr, E. G. MocA'rrA, EDWARD WAGG, S. NEUMANN, S. BRAnsFoRn, and F. A. ROBINSON.
Sccrclary and Head Oflicc.
G. W. HIGGINS, Bettelheim Buildings, Johannesburg.
General Manager.
A. ANGWIN.
London Secretary and Oflico.
W. HENDERSON CLARK, 170—3, Winchester House, Old Broad Street, E0.
 WITWA TERSRA ND MINES. 79

FINANCIAL HIs'mR\’.——C'apital Appropriation: To the Driefontein Gold Mining Company, for

63 claims, 37&- of which are reef-bearing, with all buildings and
machinery thereon .. 30,000 shares.
To the East Rand Proprietary Mines for 611! claims 70,000 ,,

£100,000
For working capital issued at 30:1. per share 75,000
Reserve capital 50,000
£225,999
Of the 75,000 shares, issued at 30s. per share for working capital, giving £112,500, the Drie
fontein Gold Mining Company had the right of subscribing 10,000 shares, and the East Rand Pro
prietary Mines of 65,000. The right conferred upon the East Rand Proprietary Mines was
extended to the shareholders of that Company. All registered on May 4 received letters of
allotment of 1 share at 30s. for every 10 East Rand Proprietary Mines held. The issue of the
working capital at 303. was guaranteed, in consideration of which the guarantors have the right
for 15 months, from May 4, 1895, to take up 50,000 shares, at 358. per share. This option will
no doubt be exercised, in which case the Company will be provided with the following working
capital :—
75,000 shares at 303. ... £112,500
50,000 ,, 35s. 107,500

Total working capital £220,000

which will more than sufiice for the total equipment of the mine.
Dl-BCRIPTION OF THE PROPERTY.—The property adjoins the Gardner Main Reef Gold Mining
Company and Ginsberg Gold Mining Company on the East, and the Angelo Mines on the West. In
forming the Company the basis of such was to give the Company a tonnage of 2,320,000 tons of ore,
which, with a 40-head mill, is equal to a 40 years’ life. This was arrived at in the following
manner :— v
The Driefontein Block (constituting the western portion of the Driefontein Com
pany) has a length on the outcrop of the reef of 3,740 ft., equal to 25 claims.
The average dip which this ground covers is about 390 ft., in addition to which
there is an irregular piece of ground in extent 735,000 sq. ft., equal to 12'25 ,,
The 25 claims are estimated to contain 370,000 tons of North Reef.
77 77 77 77 77 77

556,000 tons = 10 years, with 40 stamps.

,, 12} ,, ,, ,,
138,000 tons of South Reef =2 years,
with 40 stamps.
The Ramsay
Estimated
block
to contain
(south of the Driefontein block)
458,000
is equal
tons to
of North Reef =8 years, 29~54 ,,
with 40 stamps.
,, ,, 325,000 tons of South Reef=5 years,
—— with 40 stamps.
1,477,000 tons = 25 years, with 40 stamps.
of which 1,014,000 tons of North Reef: 18 years.
463,000 tons of South Reef = 7 years.
A strip of ground South of Ramsay Block was added, in extent... 12‘57 ,,
containing 100,000 tons North Reef: 2 years,
100,000 tons South Reef: 2 years

Total 1,677,000 of both Reefs =29 years.

of which North Reef 1,114,000 tons=20 years North Reef,
South Reef 563,000 tons: 9 years South Reef.

_ 7936 claims.
In order to expedite matters, and save further drifting expenditure, a borehole was sunk, south
and east of the shaft which intersected the South Reef, at 352 ft. vertical from surface. The reef
here is well defined, width 3 ft. 5 in., having fire assay value over this width of 11 dwt. 15 gr. A
sample from the footwall section alone gave 26 dwt. Immediately after this strike the vertical
80 WITWA TERSRA ND MINES.

shaft was changed into an incline, and has since been sunk 213 ft. below the previous depth of 130
ft. At 105 ft. below the previous depth the South Reef was intersected and the shaft has been
continued on it to its present depth. At 207 ft. below 130 ft. vertical the first level is started.
The combined vertical and incline depth of this shaft to the bottom is 337 ft. This is equal to a
vertical depth of 309 ft., or 43 ft. above the point where the reef was intersected on the borehole.
The total length of the first level on the reef is 178 ft., less 9 ft. through dyke. The reef has an
average width of 4 ft. The gold is chiefly in the footwall section. The extreme hanging-wall is
too poor to stope. The average fire assay value of the ore exposed over a width of 3 ft. from the
footwall upwards, is worth 10 dwt. per ton. The value of the reef has lately materially improved.
The manager states (June, 1895): 5,400 tons exposed during May, worth 17 dwt. per ton, over
36 in. width, or 7 dwt. above the value. The total development appears as follows :—
Drifting on the reef at the 1st level 169 ft.
Cross-cuts north and south, 1st level 21 ,,
Drifting through dyke, 1st level 9 ,,
Total footage 412 ,,
Borehole from surface .. . 352 ,,
In order to give the Company a. life of 40 years on both reefs, a strip of ground 1939 claims (south
of the Ramsay block) in extent, making in all 9875 reef-bearing claims, were added, which is
estimated to bring the total tonnage up to 2,320,000 tons. (For plan, see Volume III.)
MINING INTELLIGENCE—Th6 work hitherto has been principally confined to the development
of the South ‘or Ginsberg Reef; nevertheless the North Reef has been opened up by means of
a vertical shaft, which was sunk about 300 ft. from the south boundary of the Driefontein Block.
This shaft was sunk 90 ft. ; a cross-cut from this point, 217 ft. to the north, intersects the North
Reef, averaging 3 ft. in thickness. Upon this reef 90 ft. have been driven east and west. The
reef is slightly disturbed at this point, but assayed 1 oz. 13 dwt. over 10 in. near footwall, the
hanging-wall section only assaying a few dwt. This development exposes 800 tons of reef.
SOUTH BEER—A borehole was sunk (April, 1893) 1,050 ft. from the east boundary of the
Ginsberg Company; and at 280 ft. the reef was struck, assaying 12 dwt. for 4 ft. Gin. 600 ft.
east of this borehole a shaft, 9 x 41; ft., was started in August, 1893, at a distance relative to the
borehole which should have intersected the reef at a depth of 150 ft. At 60 ft. from surface a
diorite dyke was met with. The shaft was continued in this to first level, 130 ft. from surface.
424 ft. of driving and cross-cutting was done to intersect the reef, without avail. The above shaft
is timbered and divided into two compartments, one for hoisting, the other for ladders and pumps.
Hoisting compartment is 4% x 4 ft., pumping compartment is 4,1;x 41: it. A pit-head gear, 27 ft.,
is erected, and there is a 12 h.p. double cylinder winding-engine, with a 25 h.p. boiler. Three
incline shafts are being put down on the property to work the North and South Reefs. The
equipment of two of these will each consist of a 15x30 geared winding engine; 16x36 Corliss
pumping engine with 8-in. Cornish pump; three 80 h.p. boilers; and 50 ft. head-gear with sorting
fioor. The third shaft will be similar, with the addition of a compound Walker compressor for 20
drills, and a fourth boiler.

DRIEFONTEIN GOLD MlNlNG COMPANY, LIMITED.

Formed February, 1893.
CAPITAL—£130,000 in £1 shares ; 120,000 shares issued and fully paid up.
Reserve: 10,000 shares.
Directors.
0. S. GOLDMANN (Chairman), GEORGE FARRAR, S. W. Jammos, and W. \V. WHEELER.
Secretary and Head Ojfice.
G. W. HIGGINS, 1 and 2, Bettelheim Buildings, Johannesburg.
FINANCIAL H1s'roRY.-—Original capital, £300,000. In February, 1893, the H. F. Syndicate
reconstructed the Company as follows :— '
Capital £130,000
Shareholders Old Driefontein Gold Mining Company 25,598 shares.
H. F. Syndicate for finding £20,000 working capital 94,402 ,,
Reserve .. 10,000 ,,

£130,000
 WITWATERSRAND MINES. 81

Extract from balance-sheet, January 31, 1895 :—

£ 8. d. ' £ 8. d.
To Capital account 120,000 0 0 By Property account 96,033 8 1
,, Sundry creditors’ account 33 10 O ,, Buildings 1,410 1 9
,, New Comet Gold Mining
Company and cash 16,302 13 11
,, Machinery 3,482 6 4
,, Development 1,581 6 11
,, Profit and loss account 1,223 13 0

£120,033 10 0 £120,033 _10_

The Driefontein Gold Mining Company sold 63 claims, of which 37.1; are reef-bearing, for 30,000
fully paid shares in the Driefontein Consolidated Mines, with a further right to subscribe 10,000
shares of the working capital at the underwriting price of 30.9. per share. As in the instance of
the Angelo Mines, the Driefontein Gold Mining Company has applied for the proportion of the
working capital instead of shareholders taking them up individually, which, owing to the very
small proportions, would have split up the shares too much. As the underwriting of 10,000 shares
involves an expenditure of £15,000, and the Company has only £6,000 in hand, the East Rand
Proprietary Mines have given the needed assistance with a loan. Assets and position of the
Company :—
15,000 Angelo Mines.
10,000 ,, ,, underwritten at 30s. 25,000 shares,

together with the option on 7,500 at 23s. 9d. 7,500 ,,

32,500 Angelo Mines.

30,000 Driefontein Consolidated Shares.
10,000 ditto, underwritten at 303. per share 40,000 Driefontein Consolidated Mines.
If the option on the 7,500 Angelo Mines is exercised the financial position of the Company
will approximately be as follows :—Cost of 10,000 Driefontein Consolidated, at 30s., £15,000; and
of 7,500 Angelo Mines, at 238. 9d., £8,907; total £23,907; cash in hand, £6,300; balance short,
£17,607.
Extract profit and loss account, January 31, 1895 :—
£ 8. d. £ 8. d
To Balance of last account 1,313 4 9 By Interest on loan 400 11 3
,, Charges and licenses 310 19 6 ,, Balance 1,223 13 0

£1,624 4 3 £_1,624 4 3
The property of the Company, which consisted of about 102 claims, has been disposed of partly
to the Angelo Mines, Limited, and partly to the Driefontein Consolidated Mines, Limited. The
share holdings in these two Companies constitute the present assets of the Company. In exchange
for 3840 claims, of which 11 are reef-bearing, the Driefontein Gold Mining Company received
15,000 fully paid shares in the Angelo Mines, Limited, with a further right to underwrite 10,000
shares of the working capital at par, which gives them a further option to take up—3,750 shares
at 228. 6d. on or before April, 1896, and 3,750 shares at 258. on or before July, 1896, the total of
7,500 shares averagin 23s. 9d.
The Driefontein Gold Mining Company, as will be observed from the balance-sheet, has a cash
balance of £16,300. Instead of shareholders applying individually for their proportion of the
working capital, the board decided to utilise the (,ompany’s funds for that purpose. Consequently
10,000 Angelo Mines were taken up at 208. per share, reducing the cash balance to £6,300. Assum
ing the assets of the Company were realized at to-day’s current prices, the position would be as
follows :—
£ 1 55
To Amount owing against 10,000 Drie- , By 32,500 Angelo Mines at 70s. 113,750
fontein Consolidated on 7,500 ,, 40,000 Driefontein Consolidated, at
Angelo Mines 17,607 60s. 120,000
,, Balance divisible 216,143

£233,750 i sgeago
VOL. I. G
82 WIT WA TERSRA ND MINES.

GENERAL REMARKS.—At a meeting held on August 5, 1895, the Company sold all its assets
to the East Rand Proprietary Mines, Limited, for £258,000. The assets consist of 72,500 shares
in the Angelo Mines and the Driefontein Consolidated Mines, with a liability of £18,000. Deduct
ing this liability from the cash received, a sum of £240,000—equal to 403. per share—remains
for distribution.

DURBAN ROODEPOORT DEEP, LIMITED.

Formed in 1895.
CAPITAL—£350,000 in £1 shares ; 290,000 shares issued and fully paid up.
Directors.
L. PHILLIPS, H. FREEMAN COHEN, F. ECKSTEIN, and J. G. CURREY.
London Comm'iltee.
L. WAGNER, S. T. COHEN, H. ZOEPPRITZ, and W. J. IZARD.
Secretary and Head Ofiice.
T. J. BALL, Johannesburg, Transvaal.
London Secretary and Ofiice.
J. S. SIIELDRICK, 96, Gresham House, Old Broad Street, E0.
CAPITAL—Th6 Company was formed with the object of acquiring a number of claims on the
farm Roodepoort, with a nominal capital of £350,000, which was apportioned as follows : Issued to
vendors, 180,000 shares; subscribed at par for working capital, 110,000 shares; held in reserve,
60,000 shares.
ACOOUNTs—The accounts will be made up yearly. No accounts have as yet been issued.
PROPERTY.—The property consists of 2556 claims on Roodepoort, 9 miles west of Johannesburg,
and forms the deep level of the Durban Roodepoort, Roodepoort United Main Reef and Roodepoort
Deep Level properties. The property originally consisted of 281 claims; but in 1895, 49 of these
were sold to the Roodepoort Central Deep, Limited, for 48,000 shares in that Company, and 24
claims (formerly belonging to the Evelyn Company) were acquired from the Claims Trust a little
later for cash.
MINING.—'Th6 property is situate on the dip of the Main Reef series at 2,000 ft. south of the
outcrop. The reef is expected to be struck at a vertical depth of 1,300 ft., the dip in the outcrop
mine being 35°. In the central part, on the dip of the Durban Roodepoort, the outcrop is at the
same distance, but the dip decreases to 30°. The reef in this portion will probably be struck at
1,200 ft. Two vertical shafts are now being sunk, to strike the reef at depths of 1,200 and
800 ft. These are fully equipped with the most powerful and complete appliances. A rock
drill plant by Ingersoll & Sergeant is in course of erection, and when completed the opening up
and ultimate development of the mine will be accomplished with all possible speed.

DURBAN ROODEPOORT GOLD MINING COMPANY, LIMITED.

Formed in 1888.
CAPITAL—£135,000 in £1 shares; 125,000 shares issued and fully paid up.
Directors.
ARCHIBALD PARKER, JOHN BRINTON, Joan NAPIER, ALFRED JONES, PERCY A. MOLTENO, and
ANTON DUNKEIs.
Local Board.
ARCHIBALD M. CAMPBELL, DICK B. SCHUITEMA, JOHN A. Room, and F. A. ENGLISH.
Consulting Engineer. General Manager.
GEORGE ALFRED Goonwm. HARRY R. SKINNER.
Secretary and Head Oflice.
LEE WRIGHT, Leadenhall Buildings, Gracechurch Street, London, E.C.
CAPITAL Camera—The capital of the old Company (floated in Natal) was £18,000, appro
priated as follows: Vendors, for 23 claims, 6,000 shares; underwritten at 10s., the balance of 12,000
shares, giving working capital £6,000. The freehold of 162 Inorgen, having been bought for
 WITWA TERSRAND MINES. 83

£1,500, the working capital was thereby reduced to £4,500. The Company was then recon
structed, with a capital of £90,000; the old Company receiving for all its assets 55,000 shares in
the new Company, and cash, £15,000, the working capital supplied by the new Company being
£20,000. On May 1, 1889, the capital was increased to £100,000 by creation of 10,000 new
shares, issued to shareholders at £5 per share. The new issue, however, not- being taken up, the
shares were put up to public tender, realizing £43,662 183. In May, 1892, the capital was increased
again to £135,000, of which 25,000 shares went in purchase of the Durban Roodepoort Deep Level
Company’s 67 claims, and 10,000 held in reserve. Total capital supplied, £84,662 18s.
ACCOUNTS AND FINANCE—Accounts are made up annually to December 31, and submitted in
April following.
Extracts from balance-sheet and profit and loss account, as at December 31, 1894 :—
Balance~shcet.
Liabilities. £ 8. d. Assets. £ 8 d.
To Capital 135,000 0 0 By Property 95,000 0 0
Less reserve shares 10,000 0 0 ,, New works, 1894 36,967 1 11
-———' r ,, Machinery and plant 53,796 4 10
125,000 0 0 ,, Stores at mine 1,197 11 0
,, Premium on shares 33,662 18 0 ,, Ore at grass 1,848 12 0
,, Drafts in transit 8,406 13 5 ,, Gold in transit 15,835 17 2
,, Sundry creditors 17,953 13 5 ,, Sundry debtors 39 8 0
,, Dividends outstanding 8,590 2 4 ,, Cash . 2,103 5 8
,, Profit and loss account—
Profit for the
year ended
Dec. 31,1894 £67,238 4 8
Add credit bal
ancefrom 1893 20,936 8 9
88,174 13 5
Deduct dividends paid :—
1631,22/394 mam)
a 1a 750
15",. ZiIQ/Dl 18,750
154, 26/12/94... 19,750
— 75,000 0 0
i__ 13,174 13 5
£206,788 0 7 £206,788 0 7

Mining Revenue Account.

:6 s. d. £ s. d.
To Ore at grass, Dec. 31, 1893... 2,526 12 0 , By Sales of mill gold 145,096 15 6
,, Working expenses 89,38316 O ,, ,, cyanide gold 66,586 1 7
,, Treatment of tailings 25,822 8 2 , ,, ,, ,, slags 169 12 6
,, Transvaal expenses... 7,497 19 8 ' ,, Rent Roodepoort 325 0 0
,, Balance carried to profit and ,, Ore at grass 1,848 12 0
lossaccount... 88,795 5 94
£214,026 1 7 ‘ {213.0% 1 _‘7_
Profit and Loss Account.
D1‘. £ 8. (1. Cr. £ 8- d
To London office expenses 1,487 10 9 By Balance, revenue account 88,795 5 9
,, London directorate 1,000 0 0 ,, Interest 277 12 0
,, Exchange 733 15 4 ,, Transfer fees 220 16 0
,, Income tax 1,956 12 2 ,, Profit on investment 938 1 10
,, Advertising and auditors’fees 60 4 2
,, Directors’ percentage of
profits 2,000 0 O
,, Depreciation 15,755 8 6
,, Balance, being profit 67,238 4 8

£90,231 15 7 £90,231 15V7

84 IVIT IVA TERSRA NI) MINES

Revenue, Profit and Loss since formation of the Company, and Dividends paid.

Capital
issued.v Year’ Beveliiilxfelrom L027’ Profit Dividends and
bonus paid. Percentage’

5 £ a d. £ £ a 71. £ ‘ a. d.
1888 13,058 4 11 795
90,000 1889 57,058 3 5 —— 25,032 0 0 18,000 0 0 20
100,000 1890 60,495 0 0 — 23,978 0 0 20,000 0 0 20
188,:000 1891 88,469 18 0 — 24,208 2 8 20,000 0 0 20
l 000
125%‘ 1892 123,854 13 10
7
_ 42,819 1 9 45,833 6 8 40;
125,000 1893 218,176 10 1 — 73,760 2 7 68,750 0 0 55
, 125,000, 1894 214,026 1 7 — 67,238 4 8 75,000 0 0 60

£775,138 11 10 £257,035 11 8 £247,583 6 8 215-:

Recapitulation.
Total revenue up to December 31, 1894 £775,138 11 10
Profits made 17
£257,035 11 8
Less loss in 1888 795 O 0

£256,240 11 8:33;— per cent. on revenue.

Net profit as at December 31, 1894 £256,240 11 8
Less dividends paid, 215% per cent. 247,583 6 8
Balance of profit available on December 31, 1894 £8,657 5 0
Additional dividends of 15 per cent. (£18,750 each time, in March, June, and September, 1895)
bring up the total to 260;} per cent. or £303,833.

Production, Yield, and Value.

Year. Ounces. Value. Average per ounce.

£ a. d. s a. d.
1888 3,585 13,058 4 11 3 12 10
1889 15,053 57,208 3 5 3 16 0
.1890 16,014 60,447 19 10 3 16 6
1891 23,133 85,418 10 0 3 13 10
1892 , 31,145 118,671 15 10 3 16 2
1893 ‘Mill | 37,883 144,059 17 9 3 16 0'16
Cyanide... ...\ 22,751 71,518 0 4 3 2 10-4
1894{Mill . 38,448 145,096 15 6 3 15 5-7
Cyanide 22,560 66,586 1 7 2 19 03

Total 210,572 | £762,065 9 2 -

The Company originally had a 10-stamp battery, taken over from the old company in 1888.
This was soon increased to 25 stamps. At the beginning of 1892 a new 45-stamp battery was put
to work, thus running 70 stamps altogether for several months, when it was found necessary to
overhaul the driving engine of the old 25 stamps, and at the same time advisable to move the old
stamps in order to couple them with the 45 new stamps—all the more so as the new driving engine
was found strong enough to drive the whole. In the latter half of 1892 this was completed and 70
stamps were put to work again. These 70 stamps being of light pattern (750 lb.) and the ore
having become pyritic, and consequently much harder, in the meantime, it was decided to erect new
 WITWA TERSRA ND MINES. , 85

reduction works of a heavier type and provided with all the newest accessories. These new works
were completed by the end of 1894 and the old mill closed down on December 31, the new mill
having run a few days previously to set the plates. For the treatment of the tailings the Company
entered into an agreement with the African Gold Recovery Company securing the right of using
their process, known as the McArthur-Forrest. The necessary re-treatrnent works were erected
and completed early in 1893, and have since given good results, the plant being capable of treating
upwards of 10,000 tons per month.

Statements of Ore crushed and 'l'ailings treated since beginning of milling operations, together
with revenue.
1 . | I
. Value per ton, m-I ' fi .,
Year. , Tons crushed. Total ' 1d. Yield 1 d‘ 1g :- venue Cost per Pm t PJ
yle Per ton‘ ‘ fiiollu(iltheresourcesfl1 um‘ ton‘

: _ oz. dwt. ‘ s. d. a. ll. 0. d.

1333 l _ 3,585 _ _ 1 _ _l
1889
1890
71 10,135
15,590
15,053
16,014
29-7
21-18
l -
—
~
——
—
—

1391 ' 40,052 23,133 11-56 1 I { 32 f’, I

1892 59,559 31,145 10-52 39 10-5 25 5'9 14 46
1893 { 78,650 mill 37,883 963 36 7'8 29 9-3 6 10'5
79,765 tailings 16,941-46 4'24 17 11-2 6 48 ; 11 6'4
18% { 77,745 mill 38,447 988 37 4'9 _ 30 7'7 6 9'2
101,245 tailings ‘ 15,619-08 3'08 13 2'3 5 1'2 8 1'1

Profits per ton compared for the last three years :— s. d.

On revenue from all sources, 1892 14 4'6
,, ,, ,, 1893 18 4-9
,, ,, ,, 1894 14 103

Analysis of Milling Results for 1894.

, Tons (2,000 lb.) milled. i
1_— —_ W *4 i i ~W Tons per Yield per
1394- Block 1' Block 11' Total. 815321;; 332512323!‘ Ounces. ton of
Main ‘ South Main South hours. 2‘000 lb'
Reef. Reef. Reef. Reef.

' l l ' dwt.

January l 1,7 ' 695 750 3,525 6,675 70 3'56 3.417 1023
February 1 2,022 . 720 376 3,307 , 3,425 5 70 351 3,303 1029
March .. 2,062 1 631 88 3,744 ', 6,525 70 3'32 317'? 9'74
April 1 2,095 l 900 55 3,475 I 0,525 70 332 3,232 990
May , 2,384 1 812 —— 3,429 ' 6,625 70 3'50 3,271 9'86
June 1 2,200 1,230 - 3,115 6,545 70 3'46 3,225 985
July , 1,870 1,350 _ 3,405 6,625 70 3'38 3,253 933 1
August 1,570 1,545 — 3,235 6,350 , 70 3'24 3,112 9'80
September... I 1,371 I 1,571 - 9,308 i 5,250 I 70 319 3,009 9'62
October 926 1,309 -- 3,540 , 5,175 l 70 315 3,127 10-12
November... 1,390 I 1,943 - 2,942 6,275 70 320 8.075 9'8
December... 2,000 ; 1,440 -— 3,310 6,750 i 70 3'72 3,241 9'6
, , ___ _ _
T t l d ,
355;; 21,595 ' 14,445 1,209 40,435 77,745 I 70 3-37 33,447 933
Proportion of Ore crushed. Tons.
Main Reef 22,864
South Reef 54,881
Total... 77,745
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 WI TWA TERSRA ND MINES. 87

Analysis of the Tailings Treatmenl by the Cyanide process for 1894.

l ‘ , ,

Weight {
' Average Avera e Avera e
exlracg- sees fit, Weight I,,- 0 ,d Average l
Average
cost Average
Month. in tons of. 35:8’) Pier , tion per resi ues 'of bullion 8 1,118 ‘Zed extraction per ton, profit
2,000 lb. : 28303,) l ton of per ton of received. x me e ' of gold. ‘including per ton.
, ’ ' , 2,0001b. \ 2,000 lb. , royalty.

dwt. gr. I dwt.gr. dwt. gr. oz. oz. per cent 8. d. s d.

January 8,260 l 4 12 , 8 19 0 17 ' 1,818 1,271'16 832 5 5'8 7 8'0
February 7,980 l 4 14 3 20 0 18 2,051 1,439'19 827 4 3'4 10 11'8
March 8,500 4 8 l 3 14 0 18 1,883 1,31099 82'17 5 0'6 8 7'8
April 8,660 4 17 3 22 0 19 2,113 1,542'29 8291 5 1'8 10 0'9
May 8,640 4 13 3 19 0 18 2,068 1,4(D‘09 837 5 3'7 8 4'6
June 8,240 4 23 3 23 1 0 " 1,969 1,382'49 78'45 5 7'0 8 90
July 8,890 4 7 3 8 0 23 1,906 1,290'64 7658 4 9'7 7 6'5
August 9,6(1) 3 23 3 4 0 19 2,023 1,404'54 7908 4 3'6 8 0'6
September... 8,320 3 21 2 17 1 4 1,425 9990'? 69'6 5 4'5 4 9'9
October 9,180 4 15 3 12 1 3 1,883 1,310'69 745 5 0'6 7 1'1
November... 7,960 3 20 2 17 1 3 1,717 1,110'91 692 5 6'9 6 20
December 7,015 4 20 3 19 1 1 1,706 1,157'02 775 5 5'0 8 7'1

Drscmr'rrox or Tm: PROPERTY.—-Tl18 original property consisted of two blocks of claims on

the Main Reef series, situated on the farm Roodepoort, W‘est Rand. The two blocks consists of 10
and 13 claims respectively, being separated by the Roodepoort United property. The eastern
block of 10 outcrop claims adjoins the property of the Roodepoort United Main Reef Gold Mining
Company to the east, while the western block is again bounded to the west by the Roodepoort
United Main Reef property. The total distance along the strike of the reef is thus 3,450 ft.
Besides these claims, a mynpacht of 162 morgen, 204 square roods, or about 343 acres, was acquired
by the old Company, of which the present Company now holds the freehold. This property is
situated on the same farm, to the north of the Main Reef series. Several reef outcrops have been
found in this ground, but none of them has as yet been tested. A very important acquisition
was made by the present Company in May, 1892, when the property of the Durban Roodepoort
Deep Level Company was purchased for 25,000 shares in this Company. This additional property
consists of 67 claims, forming the immediate dip of the western block of 13 claims above described.
Besides these, the old Company owns 7 claims pegged out for the adit on the reef, which 7 claims
in a narrow strip join block No. 2, or western block, to the mynpacht. The 67 dip claims so
acquired cover the dip of the Compan ’s 13 outcrop claims up to the fourth row of claims included.
The claims are disposed as follow: first dip, 8 claims; second dip, 16 claims; third and fourth
dip, each about 21}: claims; together 67 claims. Altogether the mining area of the Company on
the Main Reef series amounts to 90 claims and the 7 adit claims besides. The Company owns two
good water-rights. (For plan, see Volume III.)
MINING INTELmGExca—Quartz is mined from No. 1 and No. 2 blocks. On No. 1 block 60,000
to 70,000 tons, approximately, remain to be mined, representing three years’ work at the present rate
of working. No. 2 block is mined and exhausted on the South Leader to the 3rd level, and the
main reef to the 1st level. Stoping is carried out on levels 4, 5, 6, 7, the last now being developed.
100,000 tons are in sight in this block.
EQUIPMENr—No. 2 Incline Shaft: This shaft is sunk to the 7th level, size 16 ft. x 5ft. 6 in.,
divided in 3 compartments. The depth on the incline is 800 ft., 420 of which dip at 45°, the
remainder dipping at 30°. Pump .' 10 in. Cornish pump, driven by one 16 x 32 in. Tangye pumping
engine. Hauling .' One 16 x 32 in. Tangye winding engine. Compressors .' This plant consists of
one 12-drill compound air-compressing engine by Walker. Boilers : The above plant is steamed by
four 100 h.p. externally-fired multitubular Tangye boilers; 1 Milwaukie water-heater; smoke
stack, 130x5 ft. Sortingjloors: The ore is raised from the incline shaft to the sorting-_
floors, thrown on grizzlies, washed and sorted by hand on a shaking table (Goodwin’s patent), which
delivers the ore to 2 Blake crushers. The ore from No. 1 block is trammed to No. 2 block, and
delivered to the level of the sorting-floors on an elevated tramway. N0. 1 Block : The shaft on
this block is vertical, 8x8 ft., divided in 4 compartments of equal size, 2 hauling ways, 1
pump and 1 ladder-way. The head-gear, 30 ft. high, is constructed of pitch pine. Pump: 8-in.
Cornish pump, driven by one 8 x 16 in. Tangye pumping engine. Hauling is done by one 10 x 20
in.Tangye winding engine, steamed by one 20 h.p. Marshall locomotive boiler.
88 WIT WA TERSRA ND MINES.

Mill: Is erected close to and below the main incline shaft. It consists of 80 stamps, Fraser
& Chalmer’s 1,100 lb., fitted with Challenge ore feeders. The mill is driven by 1 Tangye
compound condensing engine, 13 and 26 x 36 in. Electric Lighting: The above engine supplies
power for 2 Mather and Platt dynamos for lighting the mine and all surface works, and No. 2 block.
The dynamos can also, when required, be driven by one 8 h.p. high speed auxiliary motor.
Cyanide Works are erected at a distance of one mile from the mill. The ore is conveyed by
means of a launder to the settling vats, and taken from there to the leaching vats by means of
endless rope mechanical haulage. The plant consists of 5 leaching vats, 40x8 ft., equal to
540 tons each, fitted with bottom discharge; 3 solution vats, 20x8 ft. The solutions are
pumped to the leaching vats by 2 Tangye centrifugal pumps, driven by 1 small independent
Tangye engine. Water Service : Water is obtained from a dam close to the work, and pumped by
1 Tangye 3-in. electrically-driven plant. Eectrical Plant: The above pump and electric lighting
plant derive their power from 2 Ellwell-Parker dynamos, driven by 1 independent, vertical, high
speed Tangye engine. Mechanical Haulage: All mechanical haulage at the cyanide works is
effected by 1 independent engine, 12x24 in. Boilers: 2 Marshall 16 h.p. boilers, locomotive
type, supply steam to all the plant at the cyanide works. Pumping Station .' Water is obtained
for the mill from the lower dam, and pumped by 2 double ram, geared 12 x 18 in. pumps,
driven by one 14 x 28 in. Tangye engine, steamed by one 30 h.p. locomotive boiler by Robey, and
one 20 h.p. locomotive boiler by Marshall. The pumping plant is duplicated in case of accident.
Workshops: The workshops’ plant is driven by an independent engine steamed from the mill’s
boilers. Forge: 5 forges, fitted with Root’s blowers; 1 independent furnace for sharpening
hand drills; Bradbury drill sharpeners; 1 punching and shearing Tangye machine; one 1,250
lbs. pneumatic hammer. Fitters: Power is obtained from an independent 8x 16 in. engine by
Tangye, steamed from the mill’s boilers. The shop is fitted with one 22 in. lathe; 1 radial drilling
machine; 1 Tangye drilling machine; 1 bolt screwing machine ; 1 shaping machine. Carpenters:
This shop is fitted with one 36 in. saw bench ; 1 Tangye wood planing machine ; 1 general joiner.
Thfi workshops are erected on No. 2 block, and close to the mill, all power being derived from the
mi ’s boilers.
GENERAL REMARKs—The Company has been one of the most prosperous and regular producers
on the Rand since the early times of the discovery of the \Vitwatersrand goldfields. Floated with
a comparative small capital, large profits have made it possible to meet all expenditure for the
working of the mine on an increased scale, and for the provision of novel and heavier machinery
without increasing the capital to any great extent, the shareholders at the same time receiving
handsome dividend. Much is due to the able management which was at the service of the
Company since the early times in the person of Mr. Goodwin, now manager of the Roodepoort
United Main Reef. He has done much to show that, with judicious and skilful management,
narrow reefs of promising value can be profitably wonked, which is of the greatest importance to
all West Rand properties. He likewise foresaw the value of the 67 deep level claims purchased
from the old Durban Roodepoort Deep Level Gold Mining Company, which have added considerably
to the life of the mine.

EAST NIGEL GOLD MINING COMPANY, LIMITED.

Formed in March, 1895.
CAPITAL—£125,000 in £1 shares ; 110,000 shares issued, 75,000 being fully paid, and 35,000
having 129. 6d. paid up.
Directors.
G. D. PEI'ERs (Chairman), LOUIS CAMPBELL-JOHNSTON, SAMUEL GREEN, H. KNATCHBULL
HUGESSEN, M.P., CAPTAIN W. N. LISTER, and F. C. POISSON.
Secretary and Oflice.
HERBERT ED\VARDS, 55 and 56, Bishopsgate Str%t, E.C.
CAPITAL.——The vendor (Mr. J. W. Lennon) received £85,000 for the property, paid as to
£75,000 in shares, and as to £10,000 in cash.
ACCOUNTS.—N0ne yet issued.
DivinENns—None.
PROPERTY.—(i3 claims (the Caesar and Draaikraal blocks) in the Heidelberg district. 43 of the
claims are at the south-eastern corner of the farm Varkensfontein, the remainder being at the
 WITWA TERSRAND MINES. 89

southern corner of the farm Draaikraal, the whole forming a compact block of square shape,
adjoining the Henderson’s Nigel property on the east. A reef, presumed to be the Nigel Reef, ont
crops at a short distance outside the eastern boundary of the property, and then takes a turn in a
south-westerly direction south of the claims. The reef dips west and north-west, and lies at an
angle, as shown by the early workings, of 33°. (For plan, see Volume III.)
GENERAL REMARKs—Three shafts have been put down on or near the eastern boundary.
The first shaft has reached a depth of 130 ft. on the incline, while the second and third are vertical
shafts, 100 ft. and 70 ft. deep. Ore taken from these shafts by Mr. E. Bates Dorsey assayed an
average of 3 oz. 7 dwt. per ton; while other samples have assayed from 141; dwt. to 7 oz. 10 dwt.
per ton. The size of the reef is not stated.

EAST ORION GOLD MINES, LIMITED.

Formed in February, 1895.
CAPITAL—£275,000 in £1 shares ; all issued and fully paid up.
Directors.
H. ADLER (Chairman), F. Tnoar BECKER, J. L. CoUsENs, and T. W. G. Mom.
London Committee.
Loan RICHARD BaowNs', R. W. HEPBURNE, F. E. LANDER, and BEvro v VIEIRA.
Head Ofice. ‘
Johannesburg, Transvaal.
London Secretary and Oflice.
F. J. AsBURY, 8, Old Jewry, E.C.
CAPITAL. —-The vendors received £225,000 in shares for the property, the remaining 50,000 shares
being issued in return for £50,000 of cash. The property taken over includes the ground of the
New Black Reef Gold Mining Company (63 morgen), and the shareholders received 46,000 East
Orion shares, or one for every three shares held. The New Black Reef Company also received
£14,000 in cash, leaving the Company with a working capital of £46,000.
PROPERTY.-—572 claims on the farm Rooikop, Heidelberg district, Witwatersrand, adjoining
the Minerva property on the east. The claims are on the line of the Black Reef. (For plan, see
Volume III.)
EQUIPMEN'n—A 50-stamp battery, with ore-bins, feeders, crushers, and elevator; a 200 h.p.
Tangye engine, and three 25 h.p. loco-type boilers ; an electric light plant, pumps, cyanide works,
etc.
GENERAL—The developed part of the property (about 65 reef claims) is that taken over from
the New Black Reef Gold Mining Company, which worked it at a cost as low as 88. 6d. per ton, but
with indifferent results. (For list of crushings see the tables at the end of the book.) Most of the
property is as yet unproved. It is proposed to re-start work with the 50-stamp mill immediately.
n Siptember, 1895, a cablegram was received stating that a new reef, 10 ft. thick, had been
struc .

EAST RAND CENTRAL GOLD MINING COMPANY, LIMITED.

Formed in June, 1895.
CAPITAL—£200,000 in £1 shares; 152,500 shares issued and fully paid up.
Directors.
H. J. KING (Chairman), J. BERLEIN, O. DET'I‘ELBACH, A. F. CnossE, and S. CLAY.
London Committee.
W. DE'I'I‘ELBACH, Lorrus FITZWYGRAM, and W. READ REvErr.
Secretary and Head Oflice.
W. T. GRAHAM, Johannesburg, Transvaal.
London Secretary and Oflice.
JOHN SEEAR, 16, George’s Street, St. Swithin’s Lane, E.C.
FINANCIAL HIS'IURY.-——Capiffll : £200,000. Appropriation : £127,500 in shares to vendors for
properties, inclusive of £7,000 to £8,000 cash ; 25,000 shares for working capital which were sub
()0 IVITWATERSRAND MINES.

scribed at 408., providing £50,000 cash; 47,500 shares in reserve, whereof £25,000 are under option
to subscribers of working capital at 403. for one year.
PROPERTY.——The property consists of about 32 claims situated on proclaimed farmlDriefontein,
between the Agnes Munro Gold Mining Company and Cinderella Gold Mining Company; about 98
claims to the south, and divided from No. 2 block by a strip of ground belonging to the EastjRand
Proprietary Mines ; about 40 claims situated to the north of the Main Reef, immediately adJoining
the 32 claims block, for machinery sites, etc.
DEvEmPMENT.—The reefs are being located by means of diamond drills.
GENERAL RE.\IARKs.——The Company has entered into a provisional arrangement with the East
Rand Proprietary Mines, whereby the latter Company absorbs the claims and £104,000 in cash for
76,325 East Rand Proprietary shares.

EAST RAND PROPRIETARY MINES, LIMITED.

Formed in April, 1893.
CAPITAL—£650,000 in £1 shares; all issued and fully paid up.
Directors.
GEORGE FARRAR, Chairman, (alternate SYDNEY FARRAR), C. S. GOLDMANN, LIoNEL
PHILLIPs (alternate G. Romnorr), J. C. A. HENnERsoN (alternate W. W.
WHEELER), and S. W. JAMPBON.
London Committee.
ALFRED BEIT, E. G. MOCA'I‘I‘A, EDWARD WAGG and S. NEUMANN.
Manager.
A. ANGWIN.

Bankers.
THE STANDARD BANK or SOUTH AFRICA, LIMITED.
Solicitors. Auditors.
SOLOMON & THOMPSON. A. E. PAGE and C. L. ANDERSON.

Secretary and Head Oflicc.

G. W. HIGGINS, 1 & 2, Bettelheim Buildings, Johannesburg.
London Secretary and Ofiice.
W’. HENDERSON CLARK, 170-3, Winchester House, Old Broad Street, E0.

CAPITAL.—No changes have taken place. The original capital of £650,000 was appropriated
as follows: 420,000 £1 shares went to the vendors, the H. F. Syndicate, on taking over their
assets and liabilities; while the balance of £230,000 was set aside for the purpose of discharging
the liabilities of the H. F. Syndicate and providing for working capital, of which £150,000 in £1
fully paid shares were issued and subscribed for at par, and the remaining 80,000 shares kept
in reserve for the time being. During the period ended October 31, 1894, 40,000 of the reserve
shares were realized at £1 1s. 6d., the balance being under option of purchase at £1 33. until
December 1, 1894. The option was exercised. '
FINANCIAL HISTORY AND AocoUN'rs.—The Company was formed on 8th May, 1893, with a.
capital of £650,000, distributed as follows: To the vendors, viz. H. F. Syndicate shareholders,
420,000 fully paid shares. £150,000 was subscribed and issued at par to constitute working
capital. 80,000 was set aside as reserve, making a total of £650,000. During the second half-year
of 1894, 40,000 reserve shares were sold at Zls. 6d., carrying with them the option on 40,000 re
serve shares at 233., until lst December, 1894, which was duly exercised, which gave the Company
£89,414 10s. 6d. cash. During the exploration and development of the Comet, St. Angelo and
Ramsay properties, previous to flotation, the East Rand Proprietary Company financed these Com
panies. On flotation the amounts were refunded.
 IVITWA TERSRAND MINES. QI

Balance-sheet and profit and loss account as at April 30, 1894.

Balance-sheet (April 30, 1894).

Liabilities. Assefs.
£ 3. d. £ 3. d.
To Capital account, 650,000 By Property account 369,145 16 4
shares, at £1 each... 650,000 0 0 ,, hares :—
,, Less reserve shares... 80,000 0 0 New Blue Sky 129,055
w 7 ~— “ ;-— New Comet 64,364
_ 570,000 0 0 Cinderella 78,417
Sundlv credltors 2,835 1 5 Agnes Munro 62,494
Driefontein 77,752
Sr. Angelo 144,416
Leeuwpoort 7,000
563,498 141,689 6 2

,, Cash: Own account 25,490 13 8

,, St. Angelo—
£3,885 15 2
,, Agnes Munro——
£2,306 8 5
,, Sundry debtors—
£1,808 1 8
—~ 8,000 5 3
,, Machinery and plant 7,933 11 4
,, Stores, furniture, etc. 972 1 6
,, Development 2,575 8 6
,, Dams and water furro .. 456 11 8
,, Balance profit and loss
account 16,571 1 5

{572135 1 5 £51385» l3

Profit and Loss Account for the year to April 30, 1894.
, £ 3. d. £ 8 d.
To General expenses 11,834 14 10 By Interest account 582 3 9
,, Depreciation 95 11 5 ,, Stand rents 46 0 0
,, Maintenance 51 14 10 , ,, Balance 16,571 7 0
,, Hoisting and pumpin 522 11 4 '
,, Erection and maintenance of I
beacons 130 17 9 1
,, Boreholes 4,564 0 7
£17,199 10 9 £17,199 10'?

Balance-sheet as at April 30, 1895.

Liabilities. £ d
To Capital Account— 8 .
650,000Munro
Agnes sharesGold
at £1Mining Company 6501000
31841 0
7 b

Angelo Gold Mines, Limited 54,286 2, 9

Cinderella Gold Mining Company, Limited 13,550 b 0
Driefontein Main Reef Gold Mining Company, Limited 6,280 2 O
Sundry creditors 10 2 6
£727,968 0 9

‘MINT-‘$793
L J. I F‘ \I n A I K n
\‘ ‘2V 1 ‘.1 6 w
[411‘ .
92 WITWA TERSRAND MINES.

Assets. £ 8. d.
By
,, Property
Shares— account 251,820 1 5

New Comet
Blue Sky
Gold
Gold
Mining
Mining
Company,
Company,
Limited
Limited . 109,155
92,909
Cinderella Gold Mining Company, Limited .. 78,417
Agnes Munro Gold Mining Company, Limited . . 62,494
Driefontein Main Reef Gold Mining Company,
Limited... . 89,252
Angelo Gold Mines, Limited 84,790
Chamber of Mines debentures 2

517,019 246,612 15 2
,, Cash
,, in London
Standard Eank, .lbihanneis-burg .. £111,425 6 qoow
H88
0
WOO
7,892 16
,, ,, atmine . 126 11
119,444 14
New Comet Gold Mining Company, Limited .. 4,442 10
New Blue Sky Gold Mining Company, Limited . 392 14
Comet shares allotted to East Rand shareholders,“ held in
trust 1,397 10
Angelo Gold Mine- ‘shares. 51151155 to East Rand shareholders,
held in trust .. 65,000 0
Ramsay workings account 6,500 0
Sundry debtors 179 16
77,912 10
,, Machinery and Plant Account—
10-stamp battery and battery house 4,425 12
Tramways at mill 9 5
,, Dams—
Cyanide works 3,048 8
7,483 5 10
Dams and water furrow on Vogelfontein 616 1
New dam on Driefontein 4,441 15
5,057 16 8
7 Stores on hand 296 2 3
:, Fencing account 121 17 9
,, Implements and tools account 74 0 6
,, Oflice furniture account 524 11 5
,, Horses,
Surveying
harness,
instruments
cart, spider, etc. 27 10 0
110 1 0
,, Dr.
Profit and loss account £ 18,482 13 7
£727,968 0 9
Extract from Profit and Loss Account, April 30, 1895.
8. d. Cr. .d.
Balance from last account 16,571 7 \‘lQDQO
ONJQOJGD QWOD CDU‘O By Interest account 6
Directors’ fees account 773 1 “4. 4. Stand rents 0
Charges account 2,333 14 Transfer charges 0
Licenses account .. 2,412 19 Premium of reserve shares... 9,414 10 6
Stationery and printing 991 19 _.~ -~. Balance 18,482 13 7
London committee fees 564 19
London charges account 617 15
Exchange account 414 12
Prospecting account 412 18
Ramsay, general expenses 1,073 2
Phoenix, No. 1 shaft 414 13
Ramsay, No. 2 borehole .. 540 O
East Rand Syndicate, half cost
bore... 883 13
Sundries . 779 5

£28,784 2 £22784 2 7
 WITWATERSRAND MINES. 93

Pssssx'r FINANCIAL Posrrlox—In April, 1894, the Company only had cash in hand, £33,490;
at April 30, 1895, the Company has cash in hand, £119,389. Among the assets (outside share
assets) is a dam which was constructed during 1894 and 1895, costing the Company £5,000, which
will supply the Comet and other Companies with the necessary water supply. The Company also
owns the 10-stamp mill and cyanide works on Blue Sky property, costing £7,483.
Snansuonnmes AND CLAIMHOLDINGS, APRIL 30, 1894—The following are the names and
particulars of the Companies in which the Company held shares as per April 30, 1894 :—

i O . . iShares held by
Nominal Issued “81981 the East Rand
N'lme of Company’ capital. ' capital. worlmlg Proprietary
I capital. , Mines_

£ ‘ iii—m £ , '*
Driefontein Gold Mining Company 130,000 120,000 20,000 | 77,752 _
St. Angelo Gold Mining Company 150,000 150,000 144,416‘
New Comet Gold Mining Company 100,000 ‘ 75,000 15,000 64,364
Agnes Munro Gold Mining Company 100,000 93,000 15,000 , 62,494
Cinderella Gold Mining Company 100,000 \ 100,000 20,000 78,417
New Blue Sky Gold Mining Company 150,000 150,000 20,000 129,055
Leeuwpoort Gold Mining Company 100,000 100,000 , 7,000
Claims held on Leeuwpoort 130
,, ,, Vogelfontein 136 ,
,, ,, Driefontein 554 ——
——8'20 claims ' 563,498

This shows a grand total of 563,498 shares, which appear in the balance-sheet at the aggregate
sum of £141,689, which represent the actual cost.
Snansnonmxcs AXD Cnanmonnmes, APRIL 30, 1895.—The following table shows the
Company’s present holdings in shares and claims :—

’ \Vorking 93ml ; Shares held

Name of Company. folggltstffm Capital. ' 1 Claims. biérlgggefiigd

i P .d 395??” Mines.
"-1 “P-
.*_ 1 .1 1H 11.1, ,11 _,1_ __ 1 11 . capital.
1;. .‘ 11111
New Comet Gold Mining j £ £ £
Company Feb. 1895 225,000 93,750 75,000 93-77 92,909
Angelo Gold Mines ‘April ,, 225,000 75,000 59,375 11459 109,0901
Driefontein Consolidated |
Mines, Limited {May ,, 225,000 112,500 87,500 12521 100,0001'
Agnes Munro f 93,000 15,000 i 19 62,494
Cinderella 1 100,000 20,000 I 74 78,417
New Blue Sky . 1 150,000 20,000 | 85 109,155
Claims held on Farm I
Leeuwpoort 130 i
Claims held on Farm ,
Vogelfontein... 136 676'43
Claims held on Farm i
Driefontein 410-43 1 i, _ _ 1 1
1,018,000 336,250 221,875 I 1,188 552,065

The Compan owns 89,252 Driefontein Gold Mining Company shares out of a total of £120,000.
The Driefontein ompany has sold its assets to—
(1) Angelo Mines, for 15,000 Angelo Mines, and has the right to subscribe 10,000 shares at
par in the working capital issued by Angelo Mines, and the option on 3,750 reserve shares
at 228. 6d. for 12 months ending April, 1896, and the option on 3,750 reserve shares at
258. for 12 months ending July, 1890. The proportion due to the East Rand Proprietary
* Since exchanged for 80,000 Angelo Mines.
1‘ This includes the shares due to the Company by reason of being Driefontein shareholders.
94 WgITWA TERSRA ND MINES

Mines in respect of their Driefontein Company shareholding is included in the Angelo

Mine shareholding mentioned above.
(2) To the Driefontein Consolidated Mines, for which the Company received 30,000 Driefontein
Consolidated shares, and the right to subscribe 10,000 shares in the working capital at 308.
The following table approximately explains the present shareholding of the East Rand Pro
prietary Company in the newly floated companies :—
Angelo Mines, Limited.
St. Angelo Company’s capital, £150,000.
The Company received in exchange for its ground 30,000 Angelo Mines.
Proportion of the above accruing to East Rand Proprietary by reason of
being St. Angelo shareholders 29,790 shares.
4294 dip claims sold by East Rand Proprietary to Angelo Mines 55,000 7!
The East Rand Proprietary has approximately three-fourths interest in
the Driefontein Gold Mining Company, and is therefore entitled to—
Three-fourths of 1,500 Angelo Mines received for 3840 claims, viz.,
12,000 shares.
,, ,, 10,000 underwritten at par 7,500 ,,
,, ,, 7,500 under option at 22s. 6d. and 23s. 9d. 5,625 ,,

Approximately. .. . .. 25,125 ,, 25,125 ,,

Approximately... 109,915 ,,
Actually the East Rand Proprietary Company has 109,090 shares in the Angelo Mines.

Driefontein Consolidated Mines.

For 61% claims sold by East Rand Proprietary to the above 70,000 shares.
The East Rand Proprietary approximately own three-fourths of the Drie
fontein Gold Mining Company.
The Driefontein Gold Mining Company received for 63 claims 30,000 shares.
,, ,, ,, ,, underwrite 10,000 of
the working capital shares at 308. 10,000 77

40,000 11
The East Rand Proprietary as above own about three-fourths, equal to 30,000 ,,
Giving the East Rand Proprietary a total shareholding in the above }100,000 ,,
Company of about
New Comet Gold Mining Company.
The East Rand Proprietary Company held 64,364 Comet shares out of a. total of 75,000. In
the reconstructed Company shareholders received two shares in the new Company for three old.
Therefore East Rand Proprietary Company received 42,909 shares.
East Rand Proprietary sold dip claims for 50,000 ,,

Total shareholding 92,909 ,,

In addition to the share interests in the Comet, AngeldMinesand Driefontein Consolidated,
theLEast Rand Proprietary Company have—
62,494 Agnes Munro shares in a capital of £93,000
78,417 Cinderella ,, ,, ,, 100,000
109,155 New Blue Sky ,, ,, ,, .. 150,000
For particulars of these Companies refer to the special articles dealing with them. In addition
the Company holds 410‘43 claims on Driefontein immediately south of Driefontein Consolidated,
Angelo Mines and New Comet. Of these some seventy claims are in the strike of the reef, having
an average distance of about 1,300 ft. from the South Reef, and the greatest distance to the south
boundary, 3,300 ft.
The East Rand Proprietary Company sold 5716 claims to the Consolidated Company for
50,000 shares.
a n 11 H 43 ,, ,, Angelo Mine for 55,000 ,,
n n 11 4,, 61 ,, ,, Drlefonteln GO’W
H
Consolidated for
16116 claims for 165,000 shares,
 WITWA TERSRAND MINES 95

which is equal to about £1,250 per claim ; and taking the present average price of the respective
shares at 708., they to-day stand in at £4,375, which gives some guide in estimating the value of
the 410-433 claims above referred to lying immediately south of those disposed of to the Comet
Angelo Mines and Driefontein Consolidated Mines. The 1330 claims on Vogelfontein are a valu
able block of claims, as they immediately border on the Cinderella. and Blue Sky Companies, and
separate the two blocks constituting the property of the East Rand Central Gold Mining Company.
The Company is increasing its claim holdings. For particulars, see the end of this notice. For
several plans of the properties, see Volume III.
GENERAL Bananas—Nothing can convey a better idea of the value of the Company’s assets
than a synopsis of Mr. George Farrar’s (the chairman of the Company) speech at the last meeting
held June 26, 1895.
Financial position April, 1894z—Issued capital, £570,000; cash in hand, £33,490; cash in
hand of subsidiary Companies, £40,000.
April, 1895: Issued capital, £650,000; cash in hand, £119,000. Three of the subsidiary
companies have cash, £280,000; and reserve working capital, which is under option, but will be
taken up, £221,000; Blue Sky, Cinderella, and Agnes Munro have cash in hand, £15,000. The
subsidiary companies have therefore cash, £516,000; which, with the cash in hand of the East
Rand Proprietary Mines, gives an available cash balance of £635,000 sterling.
During 1894-1895 three of the companies in which the East Rand is largely interested
were reconstructed by the East Rand Proprietary, the working capital having been subscribed by
East Rand Proprietary shareholders, and a life of 40 years each, with a 40-head mill, was
given them by reason of the East Rand Proprietary Company having sold them the requisite
ground. The capital of each of the three companies, viz. Comet, Angelo Mines and Driefon
tein Consolidated, is £225,000. Shareholders in the East Rand Proprietary were offered the
underwriting of the working capital of these companies, which at to-day’s advanced price shows a
profit of 128. per share to every East Rand Proprietary Company share.
COMET GOLD MINING C0.\IPANY.—In order to give it a 40 years’ life, the East Rand Proprietary
sold this Company 57 claims for 50,000 shares. On the North Reef 92,503 tons are developed, having
a value of 1680 dwt. The main shaft on the Main Reef series is down to the 5th level, whilst the
main incline on the South Reef is down to the lst level. Central Mill .' 40 heads of heavy stamps
(1,050 lbs.) are erected, and 20 more are in course of erection. The mill is a central one, and can
be increased to 240 heads. The 60 above-mentioned are for the Comet, and provision for 60 more
on the other side for the Angelo has been made, while all can be duplicated. Water supply:
Ample. The dam erected by the East Rand Proprietary Mines will supply all the requirements
of the western section.
ANGELO M1N13.—The St. Angelo capital was £150,000, of which the East Rand Proprietary
Mines held 148,000. Their 34 claims were sold for 30,000 Angelo Mine shares ; 43 claims belonging
to the East Rand Proprietary for 55,000 shares; and the Driefontein Company sold 37 claims, for
which they received 15,000 Angelo shares, giving a total of 114 claims. Capital, £225,000,
with an available working capital of £134,000. The Main Reef body had been opened on the
Angelo Mines, but not developed yet. He (the chairman) considers the reef here as valuable as
in the Comet Mine. The principal development was done on the South Reef, which had been opened
up to a vertical depth of 240 ft., and had now drifted on the reef 413 ft. The value of the 413 ft.,
taking a width 0 36 in., was 3625 dwt. The difficulty experienced was to locate the reef, in
consequence of a dyke which runs parallel with the reef. As the dip of the dyke is, however,
somewhat steeper than the reef itself, they cut through it, and are now working under it. The
240 ft. level is now in course of development. Two shafts are now being sunk, which are down
120 ft.
DRIEFONTEIN CONSOLIDATED Mums—This Company has 125 claims. The property of the old
Driefontein Company consisted of 64% claims, for which they received 30,000 Driefontein Consolidated
shares; and the East Rand Proprietary Company sold 61.15 claims for 70,000 shares. The capital
is £225,000, and the available working capital £200,000. The Main Reef was located by the old
Company; the principal work hitherto, however, had been confined to the South Reef. The shaft
is down 300 ft. on the South Reef, and 170 ft. have been driven at this level. The value over this
distance, for a width of 36 in., was 10 dwt., but lately the reef has much improved. Lately 5,400
tons, worth 17 dwt. per ton over 36 in. width, have been developed, which shows an improvement
of 7 dwt. above the value of the reef at the end of April.
AGNIS MUNRO.—Drifting is being carried on from the Agnes Munro into the Comet, and the
vertical shaft of the Agnes Munro was being turned into an incline. Later on it might be advis
able to amalgamate the Agnes Munro with the Comet, as all the levels in the two will be at the
same depths. The trial crushing of 1,000 tons yielded 16 dwt.
CINDERELLA AND BLUE SK\'.—Together with the East Rand Proprietary dip claims number
300. The question is under consideration of dividing these into several companies. They could
96 W1 1‘ WA TERSRA ND MINES.

be worked from a central mill in the east section, and could take water from the Boksburg dam.
A test crushing of the Blue Sky of 1,500 tons gave 18 dwt. -
ORGANIZATION.———The head office is in town, and the expense thereof divided amongst the sub
sidiary companies. The general manager of the East Rand Proprietary Mine is also the general
manager of the subsidiary ones, with a sub-mine manager under him. There is also a central
office and store, expenses sub-divided. Over a million shares passed through the transfer oflice
during the last six months; the transfers now amount to 50,000 a week. The total charges for the
year amount to £12,000.
LIFE OF THE MINEs.—The dip of the reef in the eastern section of the Rand is steep. The
average dip of the Comet Gold Mining Company down to the 5th level is 45°. In the Angelo and
Driefonteiu at a depth of 250 ft. the reef dips at an angle of about 60°, which is highly satisfactory
and of the greatest importance to the 410 dip claims owned by the East Rand Proprietary Mines.
In a borehole sunk jointly by the East Rand Proprietary Mines and the East Rand Syndicate,
south of the Ginsberg, the South Reef was struck at a depth of 1,068 ft. with good results, which
proves the continuity of the reef in depth. In the chairman’s opinion the reef will not leave the
East Rand Proprietary Company’s ground under a depth of 4,000 ft. Mr. Farrar maintains that
the section of the Rand above referred to will compare favourably with any other section of the
Rand outside the section between the Robinson and City and Suburban Gold Mining Company.
ENLARGEMEW OF THE PROPERTY.-—In September, 1895, it was provisionally arranged to
absorb the East Rand Central and other properties. The capital is to be increased to £750,000,
and the 100,000 new shares are to be applied as follows :—
76,325 shares for the entire assets of the East Rand Central Gold Mining Co., consisting of
99 claims, known as the Plantation Claims.
33 ,, ,, ,, Cason Block.
40 ,, ,, ,, Rautenbach (North of Reef).
Water grant on Boksburg dam.
Cash, £104,000.
18,500 shares for 119 claims known as Brayshaw’s Claims.
1,500 ,, ,, 7 ,, ,, the Sledge Block.
3,675 ,, held in reserve.

100,000 Total.
The East Rand Central’s Cason Block (see plan in Volume III) lies between the Agnes Munro and
Cinderella properties. The Plantation claims lie south of the East Rand’s ground towards the
west, and the Brayshaw deep level claims are on the east of the property. In addition, the Com
pany has purchased 69,125 shares out of the capital of £77,950 of the Holdfast Gold Mining
Company, owning 44 claims, and it has made an offer of 12s. 6d. each for the remaining shares.
By these new acquisitions the Company obtains about 4 miles of the Main Reef outcrop with a
considerable area of dip ground, extending to 1,486 claims. This will enable it to float three more
properties similar to the Comet, Angelo, and Driefontein Companies, and it would still have enough
ground left for two or more flotations. Besides this it will own the dip ground of all of its subsi
diary companies. It will hold a preponderating interest in 5115'? claims, and owns 974-43 claims
absolutely.

EAST RAND SYNDICATE, LIMITED.

(NOW WITWATERSRAND DEEP, LIMITED.)
Formed in January, 1893, and reformed in August, 1895.
CAPITAL—£50,000 in £1 shares.
Directors.
GEORGE ROULIO’I‘, Chairman (alternate L. PHILLIPS), C. S. GOLDMANN, and J. S. CURTIS.
Secretary and Ofiicc.
W. T. GRAHAM (P.O. Box 1,155), 33, Egis Buildings, Johannesburg, Transvaal.
FINANCIAL HISTORY.—The Syndicate was formed with a capital of £30,000, of which £15,000
formed working capital. Development entailed expenditure which exceeded the Syndlcate’s funds.
A loan of £15,000 was effected, which, however, was repaid early in 1895, on the adoption of a
 ""IT IVA TERSRA ND MINES. 97

scheme whereby the Transvaal and General Association offered to advance the Syndicate the sum
of £35,000 against an option to increase the capital by 20,000 shares, to be taken up by them at
208. per share, on the understanding that the loan issue should in the first place be offered to the
shareholders of the Syndicate, to whom the option to create 20,000 shares to be taken up by them
at 208. per share would in the first place accrue. All the shareholders availed themselves of their
pro rata share in this business. Thus, in addition to the right of taking up two-thirds of an East
Rand Syndicate share at the rate of 208. per share, they received interest on their advance at
the rate of 8 per cent. per annum, and received a refund as creditors of 208. per share held. The fol
lowing explains the position : The holders of 30,000 shares advance £35,000, viz. 23.9. 4d. per share.
For each share they have the right to take up two-thirds of a share at 208. per share, viz. 13s. 4d.
per original share; leaving 108. per share to be repaid, viz. £15,000. With the above £35,000 the
iabilities of £15,000 were repaid, leaving £20,000, which has been applied to putting down bore
holes with a view to locating the reefs. The greater portion of this amount will no doubt have
been expended.
A scheme for the reconstruction of this Syndicate has recently been proposed by Messrs.
\Vernher, Beit & 00., and Messrs. S. Neumann &. 00., and has been carried. The name of the new
Company is the Witwatersrand Deep, Limited. It has a capital of £400,000, appropriated as
follows :—
Shares.
To the East Rand Syndicate shareholders 270,000
,, Working capital offered for subscription to shareholders at 50s. . . 65,000
,, Reserve shares, 65,000 shares, of which 40,000 are under 12 months option to
guarantors at 609. 65,000

Total £400,000

Thus the new Company will have a working capital of £282,500 besides 20,000 reserve shares.
Discan'rlon or THE Psorsm‘n—The property consists of a block of 275 claims, with an aver
age length of 4,250 ft. along the line of reef, by a depth of 3,600 ft. on its dip, and situated on_the
farm Driefontein, district of Boksburg. (For plan, see Volume III.)
DEvEmPMEN'n—The Ginsberg reef has been located by means of boreholes, and a shaft was sunk
on the first borehole when the reef had been intersected at a depth of 188 ft. The reef averaged
25 in. in width, and was worth 181, dwt. A level was opened at 180 ft., and the reef driven upon
for 80 ft., the reef giving encouraging assays. The deep ground has been tested by means of 4
boreho es :—
Borehole A .' Located near the north-east corner of the property, and 870 ft. from the:0utcrop
of the reef in the Ginsberg mine. This gave the following section :—
At 1,070 ft. 22 in. banket, Ginsberg reef. At 1,074 ft., 6 in. banket.
,, 1,071 ft., 16 in. ,, ,, ,, 1,114 ft., 4 in. ,, Bastard reef.
,, 1,073 ft., 12 in. ,, ,, ,, 1,150 ft., bottom of hole.
Borehole B .' 1,490 ft. west of A, and 1,060 ft. south of north boundaries :
At 828 ft., 12 in. banket. At 1,071 ft., 14 in. banket, 9 dwt.
,, 897 ft., 24 in. ,, ,, 1,371 ft., diorite.
,, 970 ft., 24 in. ,, ,, 1,470 ft., bottom of hole.
Borehole C’: 1,400 ft. west of B, and 800 ft. south of north boundary:
At 162 ft., 10 in. banket. At 1,340 ft. and 1,348 ft., banket.
,, 751 ft., 10 in. ,, ,, 1,378 ft., 3 in. banket, Bastard reef.
,, 842 ft. to 1,034 ft., dyke. ,, 1,470 ft., bottom of hole.

Borehole D .' 2,135 _ft. west of 0, 1,100 ft. east of west boundary, and 625 ft. south of north
boundary:
From 180 ft. to 684 ft., diorite. From 1,068 ft., banket, 5 dwt.
,, 684 ft. to 713 ft., quartzite. ,, 1,071 ft. ,, 27 ,,
,, 713 ft. to 944 ft., diorite. ,, 1,075 ft. ,, 6 ,,

VOL. I. I
 98 WITWA TERSRAND MINES.

EVELYN GOLD MINING COMPANY, LIMITED.

Formed in 1886.
CAPITAL—£80,000 in £1 shares; 66,000 shares issued and fully paid up.
Directors.
G. Inno'rn (Chairman), PAUL DREYFUS, J. N. DE VILLIERS, W. T. GRAHAM, and M. EISSLER.
Secretary and Head Ofiice.
E. GROSSE, Bettelheim Buildings, Johannesburg, Transvaal.
London Secretaries and Ofiice.
J. PICARD & 00., 27, Old Jewry, E.C.
Kimberley Transfer Secretary.
W. F. CRANSWICK.
The Company possessed 42 claims in three blocks on the farm Roodepoort, Witwatersrand:
of these, 18 claims are in two blocks on the outcrop of the Main Reef, and 24 are deep level claims.
In May, 1895, the 42 claims were sold to the Claim Trust, Limited, for £66,000 in cash. The
Claim Trust, in its turn, has sold the 18 claims on the outcrop to the Roodepoort United Company,
while the deep level block of 24 claims has been sold by it to the Rand Mines, Limited. The
£66,000 received by the Evelyn Company is just equal to the issued capital, and thus equivalent
to £1 in cash per share. Besides this, the Company has cash assets to the extent of £3,000 or
£3,500.

FERREIRA GOLD MINING COMPANY, LIMITED.

Founded in May, 1887.
CAPITAL—-£90,000 in £1 shares; 89,000 shares issued and fully paid up.
Directors.
H. A. ROGERS (Chairman), GEORGE Rouuo'r, JAMES HAY, J. G. CURREY, and C. S. GOLDMANN.
London Agents.
C. RUBE, S. NEUMANN, and M. MICHAELIS.
General Manager.
J. HARRY Jorms.
Secretary and Head Ofiicc.
D. C. MATURIN, Johannesburg (oflice at the mine).
London Secretary and Ofl'ice.
A. Mom, 120, Bishopsgate Street, E.C.
CAPITAL CnANons.-Origina1 capital, £12,000; in 1888 increased to £28,000, in 1889 to
£33,000, and to £45,000 in 1890. Since August, 1894, increased to £90,000 for the purpose of
acquiring the claim assets of the Wemmer—Ferreira-Worcester Deep Level Company, retaining
1,000 shares in reserve.
A(>00UNTS.—Made up half-yearly to June 30 and December 31. Reports to shareholders are
issued quarterly, viz., for the quarters ending March, June, September, December.
The accounts for the half-year ending March, 1891, show :—
Gold produced during half-year £44,425 5 6
Cost of mining and milling, including mainte
nance 15s. per ton—£9,279 .. 22,741 13 11

Profit for the half-year .. £21,683 11 7 equal to 100 per cent.

Accounts for half-year ending September, 1891 :~—
Gold produced during half-year £80,850 4 0
Cost of mining and milling, inclusive of £10,521
mine dev. redem tion and £7,169 108. depre
ciation written 0 49,099 17 0

Profit for the half-year £31,750 6 11 equal to 144 per cent.

 WI 1 WA TERSRA ND MINES. 99
Accounts for half-year ending March, 1892 :—
Gold produced, mill £70,220 16 2
,, from sale of concentrates 7,931 4 10
Profit on cyanide works: tailings 4,406 18 7
£82,558 19 7
Cost of mining and milling, inclusive of
£9,826 16.9. mine dev. redemption and
£8,693 78. 5d. depreciation written 011' 49,763 9 4

Profit for the half-year £32,795 10 3 equal to 145 per cent.

Accounts for the year ending March, 1893 :—

Gold produced, mill £124,916 1 9
Cyanide works 40,556 12 10
Concentrates 32,997 0 0
—_—£198,469 14 7
Cost of mining and milling £94,719 9 2
,, cyanide works 21,594 15 10
,, concentrates 8,658 1 3
—— £124,972 6 3
This includes mine dev. £19,510 163. and depre
ciation £17,978 108.

- Profit for the year £73,497 8 4 equal to 163 per cent.

Accounts for the half-year ending September, 1893 :—

Gold produced, mill £81,850 16 11
Profit of cyanide works 9,378 14 3
Concentrates sold... 19,143 3 7
-—£110,372 14 9
Cost of mining and milling, inclusive of mine
dev. redemption £9,894 88. and depreciation
£9,203 88. 7d. . 62,605 4 10
Profit for the half-year £47,767‘ 9 11 equal to 214 per cent.

Accounts for the half-year ending March, 1894 :—

Gold produced, mill £88,649 17 5
Profit cyaniding 11,360 1 2
Concentrates sold 16,416 9 1

£116,426 7 8
Interest received 364 10 6
~ £116,790 18 2
Total cost mining and milling, etc., inclusive of
mine dev. redemption £11,395 129. and depre
ciation £9,392 12s. 1d.... .. 59,923 18 2
Profit for the half-year £56,867 0 0 equal to 250 per cent.

Accounts for the quarter ending June, 1894 :—

Gold produced, mill £17,362 11 10
Profit on treatment of tailings 7,372 17 4
Concentrates sold 10,100 17 5
Interest received 467 19 7
_— £65,304 6 2
Total cost mining and milling, inclusive of mine
dev. redemption £8,727 12s. 29,107 14 9

Profit for the quarter £36,196 11 5 equal to 320 per cent.

IOO WITIVA TERSRAIVD MINES.

Accounts for the half-year ending December 31, 1894 :—

Gold produced, mill £95,705 7 5
Profit cyaniding 14,520 0 10
Concentrates sold 22,215 16 1
Unclaimed dividends 6 9 0
Interest received 347 7 4
£132,795 0 8
Total cost mining and milling, inclusive of mine
dev. redemption £14,448 54,783 16 0
Profit for the half-year £78,011 4 8

being equal to an average of 232 per cent. on the capital of the Company, as it was for part of the
period under consideration, and on the increased capital for the remainder of the time.
Total profit earned since Se tember, 1890, equal to £378,559 38. 1d., or 808 per cent. on the
capital issued. The above profit includes £82,767 written oil‘ for depreciation on machinery,
buildings, etc., equal to another 176 per cent. on the capital issued.
The expenditure on capital account has been as follows :—
Half-year ending March, 1891 £19,680 17 10
,, ,, September, 1891 17,330 8 2
,, ,, March,1892 28,142 18 1
Year ending March, 1893 . 31,455 8 11
Half-year ending September, 1893 17,785 5 4 .
,, ,, March, 1894, including payment of claims
£26,080 38,114 13 2
Quarter ending June, 1894 4,591 O 3
Half-year ending December 31, 1894 :
Mine property £45,807 19 6
Less amount received from Rand
Mines, Limited 3,000 0 0
— £42,807 19 6
Machinery and plant 15,183 16 1
Buildings 814 1 1
Permanent works 6,136 17 5
Development .. 3,680 9 0
Chamber of Mines debentures 500 0 0
Sundries... . 930 0 0

£70,053 3 1
Less 44,000 shares of £1 each, issued in
\ payment of mine property 44,000 0
£26,053 a 1
Total capital expenditure on machinery, plant, buildings, im
provements, etc., during about 3} years 14 10

The cash profit for the last half-year amounts to £78,011 48. 8d., to which must be added
£57,248 48. 511., being balance brought forward from the previous half-year, making a total of
£135,259 98. 111., which is accounted for as follows :-—
Capital account, as above . £26,053 3 1
Dividend 45,000 0 0
Bonus 3,320 0 0
Leaving a balance of assets over liabilities of 60,886 6 0

£135,259 9 1

The Company’s monthly profits average £13,000 a month, which is equal to 175 per cent. on
the present issued capital of the Company, £89,000.
 lVI TWA TERSRAND MINES. ' IOI

Balance-sheet and profit and loss account at December 31, 1894 :—

Balance Sheet.
Dr. Liabilities. £ a. (1. Cr. Assets. £ 8. d.
To Capital account :- By Mine property account 80,087 19 6
90,000 shares at £1 each, ,, Machinery and plant 71,254 14 8
less 1,000 reserve shares 89,000 0 0 ,, Buildings 15,316 10 0
,, Native labour suspense ac- \ ,, Assay plant and furniture 1,035 11 6
count 687 9 6 ,, Water-right... 1,000 0 0
,, Sundry creditors 8,470 17 10 ,, Live stock and harness 224 8 6
,, Profit and loss account :— ,, Stores 8,042 8 9
Balance at credit 206,772 7 3 ,, Standard Bank 257 5 3
,, Cash at call 42,595 16 4
,, Sundry debtors 5,268 17 0
,, Chamber of Mines debenture 500 0 U
,, Consignment account 13,880 6 0
(Gold in transit.)
,, Suspense account 1,100 0 0
,, Permanent works account 32,387 14 0
,, Development account 31,979 3 1

£304,930 14 7 £304,930 14 7

Profit and loss account for half-year ending December 31, 1894.
Dr. £ 8. d. I Cr. £ 8 d.
To Mining expenses:— ' By Balance from last half-year 207,411 7
44,724 tons at 148. 7'10d. 32,630 10 9 ,, Gold account :—
,, Transport:— Amount realized 95,705 7 5
25,100 tons at 4'70d. 492 2 9 ,, Cyanide works account :—
,, Reductionz— Amount realized and in
25,100 tons at 58. 897d. 7,213 2 6 transit 14,520 0 10
,, Mine development redemp- ,, Concentrates sold 22,215 16 1
tion:— ,, Interest account 347 7 4
36,120 tons at 83. 14,448 0 0 ,, Unclaimed dividends 6 9 0
,, Dividend account :—
100 per cent. on £45,000 45,000 0 0 '
,, Depreciation account 30,330 4 0
,, Bonus account 3,320 0 0
,, Balance 206,772 7 3

£340,206 7 3 £340,206 7 3

DESCRIPTION OF THE PROPERTY.—Situated on the Main Reef Series, the property consists of
51 claims, 49 of which are on and south of the Main Reef series outcrop. Total length on the
outcrop, 1,645 feet. The disposition of the claims is as follows :—
On the 1st or outcrop line 10 outcrop claims.
On the 2nd line 10 1st dip claims.
On the 3rd line 19 2nd dip claims.
On the 4th line l23rd dip claims.
Total 51 claims.
On the 4th line, the western claim has its full length of 400 ft., but going eastwards each
claim diminishes in length till at the south-east corner the south line of the 4th line joins the
south line of the 3rd line. Of the 19 claims above referred to as constituting the 3rd line or
2nd dip, 101 claims form the dip of the Ferreira Company, 4 claims form the dip of the Worcester
Company, and 4% claims form the dip of the \Vemmer Company. Of the 12 claims above referred
to as constituting the 4th line or 3rd dip, approximately 6% claims form the dip of the Ferreira, 4
claims form the dip of the Worcester, and 1% claims form the dip of the \Vemmer. The above 19
and 12 claims formerly constituted the property of the \Nemmer-Ferreira-\Vorcester Deep Level
Company, since acquired by the Ferreira Gold Mining Company. (For plan, see Volume III.)
102 ' WIT WA TERSRA ND MINES.

LocAL1T\’.—Situated on the farm Turfl'ontein, within a few minutes’ ride of the centre of the
town of Johannesburg. The property is bounded on the west by the \Vorcester Gold Mining Com
pany, and on the east by the VVemmer Gold Mining Company.
MINING INTELLIGENCE—((1) Reefs. Soufh Reef, Main Reef Leader, and Main Reef: As yet
the South Reef is the only one which has been worked. The Main Reef Leader has proved payable
in sections ; whilst little or no work has been done to sufficiently determine the value of the Main
Reef. The great probability is, judging from the results of the neighbouring Companies, that the
latter two reefs will have a better value in the lower levels than in the upper ones. As will be
seen in development, the value of Main Reef Leader and Main Reef is gradually increasing as deeper
levels are reached. This fact has led to the decision of the Company to increase the stamping power.
(b) Width and Value of Reefs. South Reef: The width of the South Reef varies in the
respective levels. In the 320 ft. or 3rd level the width averages 997 in., average assay value 4 oz.
048 dwt. per ton; 4th level (420 ft.), width 1 ft. 4 in., value 3 oz. 915 dwt. to the ton; 5th level.
(520 ft.), width 1212 in., value 5 oz. 14'73 dwt. per ton ; 6th level (620 ft.), width varies from 2 ft.
3 in. to 2 ft. 1102 in., and value correspondingly from 5 oz. 12‘15 dwt. per ton to 5 oz. 859 dwt
per ton ; 7th level (720 ft.), width 2 ft. 228 in., average value 2 oz. 10'93 dwt. per ton; 8th level.
(820 ft.), average width 3 ft., average value 3 oz. 14'58 dwt. per ton. Development for the March
quarter of 1895 showed the width at the 820 ft. level to be 2 ft. 1066 in., and the value 4 oz. 4'55 dwt.
Main Reef Leader. 3rd level (320 ft.): The total length of drift in this level is 568% ft.
The average width of the leader in this drift is 651 in., and has an average assay value of 5
oz. 4'45 dwt. gold per ton. On 4th level (420 ft.), the average width of the leader is 12 in., and
the average assay value 1 oz. 59 dwt. per ton. Average width of leader and portion of Main Reef
to be mined with it, 3 ft.; average assay 16'65 dwt. per ton. On 5th level (520 ft.), average width
of leader 1572 in.; average assay value 2 oz. 967 dwt. per ton. Average width of leader and
portion of Main Reef to be mined with it, 3 ft. 302 in. ; average assay value 1 oz. 563 dwt. per ton.
On 6th level (620 ft.), average width of leader 1 ft. 225 in., assay value 2 oz. 225 dwt. Average.
width of leader and portion of Main Reef to be mined with it, 3 ft. 808 in.; average assay value 1
oz. 786 dwt. per ton. The development for the March quarter of 1895 showed:
420 ft. level \Vidth, 1 ft. 229 in. Value, 1 oz. 44 dwt. per ton.
520 ft. ,, ,, 1 ft. 7'28 in. ,, 1 oz. 18-87 dwt. ,,
620 ft. ,, 1 ft. 4'11 in. ,, 1 oz. 18'17 dwt. ,,
(0) Angle (if Reef. No. 1 Jffm'n Shaft: From surface to 1st or 120-ft. level reef dips at an
angle of 76°; rom 1st to 3rd (320 ft.) level it flattens to 72°; from 3rd to 4th (420ft.) level to
67°; from there to 5th (520 ft.) level to 58°; from there to 6th (620 ft.) level to 49°; from there
to 7th (720 ft.) level to 40°, and continues to dip at this angle down to 8th (820 ft.) level.
No. 2 Main Shaft: The reef dips from surface to 1st (120 ft.) level at 72°; then from 1st to
2nd (220 ft.) level at 70°; 2nd to 3rd (320 ft.) level at 60° ; from 3rd to 4th (420 ft.) level at 52°;
from 4th to 5th (520 ft.) level the an le remains unchanged ; from 5th to 6th (620 ft.) level the angle
eases to 36°; from 6th to 7th (720 t.) level to 311°; and from 7th to 8th (820 ft.) level to 30°.
(d) Development: The mine is being developed by means of two shafts. No. 2 Main
Shaft (eastern shaft) 14x5 ft., distant 430 ft. from eastern boundary, has been sunk vertically
to a depth of 257 ft., and then turned into an incline to a depth of 1,024 ft. (31st December, 1894),
or 842 ft. vertical depth from surface. On March 31, 1895, the depth was 1,077 ft. No. 1 Main
Shaft is distant 575 ft. from No. 2 Main Shaft, and distant 720 ft. from western boundary. Its
dimensions are 14 x 5 ft. This shaft has been sunk vertically to a depth of 220 ft., is then turned
into an incline shaft, and has been sunk to a depth (December 31, 1894) of 997 ft., or 844 ft
vertical depth from surface. On March 31, 1895, the depth was 1,089 ft. Both shafts have reached
now the 10th level (1,020 ft.), the greatest depth as yet reached by any outcrop company. The
levels are driven as follows :—1st level or 120-ft. level out at a vertical depth of 123 ft. ; 2nd level
220 ft. depth (vertical depth 221 ft.) ; 3rd level 320 ft. (vertical 317 ft.) ; 4th level 420 ft. (vertical
409 ft.); 5th level 520 ft. (vertical 4955 ft.) ; 6th level 620 ft. (vertical 572 ft.) ; 7th level 720 ft.
(vertical 637 ft.); 8th level 820 ft. (vertical 700 ft.); 9th level 920 ft. (about 785 ft. vertical);
10th level 1,020 ft. (about 842 ft. vertical). South Reef: The 4th level is completely developed,
the 5th level has reached the boundaries of the property (December 31, 1894) ; on the 6th level a
total length of 1,390 ft. has been driven, on 7th level 490 ft., on 8th level 1,304.; ft. (1,724 ft. in
March, 1895), and on 9th level two cross-cuts are being driven from No. 1 Main Shaft—one south,
to strike the South Reef, and the other north, to strike the Main Reef Leader. Driven (March 31,
1895), 322 ft. Main Reef Leader (March 31, 1895), (in the eastern portion of the mine, the Main
Reef Leader and Main Reef are some distances apart, while in the western portion they are close
together, necessitating the mining of a portion of the Main Beef with the leader) : on the 3rd level
a total length of 568. ft. has been driven, on 4th level 330 ft., on 5th level 520,1I ft., and on 6th
level 324% ft. The 9t level was driven 45 ft. at the same date.
Total footage during 9 months ending December 31, 1894 5,492 ft.
 WITWA TERSRAND MINES. 103

(c) Ore Reserves, December 31, 1894—The ore developed in the mine at that date showed
as follows :—
South Reef 96,020 tons.
Main Reef Leader 36,084 ,,

132,104 ,,
Add ore deposited at surface 6,050 ,,

Total ,,
The amount of ore reserves have gradually increased :
In March, 1891, the ore reserves amounted to 31,800 tons.
,, September, 1891 ,, ,, ,, 36,000 ,,
n March’ 1892 n n 11 321W :7
,, March, 1893 ,, ,, ,, 76,222 ,,
,, September, 1893 ,, ,, ,, 76,500 ,,
,, March, 1894 ,, ,, . ,, 81,000 ,,
,, December, 1894 ,, ,, ,, 138,154 ,,
which is an increase for the 9 months of over 57,000 tons. The amount of ore reserves—viz.
138,154 tons—means, after deducting percentage of waste rock, supplies for more than 11; years
ahead of the present stamping power. Hence the increase of the latter is well warranted.

(f) Working Cost.

Comparative statement of working expenses from 1890 to end of December, 1894 :—
Mining Expenses. Transport. Reduction Mine Developm't‘ Depreciation. Total
Period. Expenses. Redemption. working
I'I‘onnge Per Per Per Per Per Expenses_
‘Mm . Ton. Tonnage. Ton. Tonnage. Ton. Tonnage. Ton. Tonnage. Ton.

3. cl. .9. d. a. d. l s. d. s. d. s. d.
Half-year ending
March, 1891 .. 13,891 11 081 13,891 1 1'84 13,891i6 6'14 12,975 15 0 — — 33 8'79
Half-year endin g I
11-50 28,168‘5 8-30 28,163’ 7 876 28,163 5 1-09 35 1‘89
Se tember, 1891 28163116 1-24 28,168 0
Hal -yesr ending
March, 1892 24,567 19 5-85 24,567 0 8'03 24,5675 5'41 24,567 8 0 24,567i7 092 40 8'21
Y ear end i n g l
March, 1893 .. 57,360 20 1-60 48,777 0 834 48,777 6 5-79 48,777 8 0 48,777 7 445 4'2 818
Half-year ending 1
September, 1893 85,958 19 1 24,736 0 713 24,736 6 10-88 24,736 8 0 24,736'7 5'29 41 11-75
Half-year ending '
March, 1894 .. 34,259,17 574 22,477 0 6-78 22,477 7 6-81 28,489 8 0 22,4778 4-29 41 1112
Quarter ending
Jnne,1894 .. 21,819 2210-64 11,684 0 5'84 11,684 6 7-68 21,819 8 O — — 37 11-66
Half-year ending
December, 1891 44,724 14 7'10 25,100 0 4-70 25,100'5 897 36,120 8 0 25,000 24 2 52 10-77

The above includes maintenance and general charges.

During the last period, opportunity was taken of the large amount standing to credit of profit and
loss account to write off £30,330 43. depreciation, while on the quarter ending June nothing was
written off. If this amount of depreciation is divided over the whole of the 9 months, the working
cost will come down to about 448. for the last half-year.
Summary of working expenditure for twelve months, from June, 1894, to June, 1895,‘
calculated quarterly :—
For quarter ending i For quarter ending For quarter ending I For quarter ending
September, 1891. December 31, 1894. March 31, 1895. ’ June 30, 1895.
I _ i d. .9. cl. .1. d. a. d.

Mimng expenses 22 5'45 19 5'58 19 5'92 18 41')

Reduction ,, 5 912 5 882 5 11-36 6 4'89
Transport ,, 0 4'70 0 4'70 0 5'56 0 510

28 7'27 25 7'10 25 1084 25 2'14

104 WITWA TERSRAND MINES.

Mill returns :— (g) Value of Ore Milled.

Period. c3211‘;‘L Yield. Value. Yield per ton. 22:51;

‘i T ozf £ a. d. 4 dwt. dwt.

September, 1887, to January,

1888 — 550 16 1,997 O 0 —
Half-year ending March, 1891 13,891 12,255‘25 44,425 5 0 17644
Half-year ending September,
1891 28,163 22,461-76 80,850 4 0 16025
Half-year ending March, 1892 24,567 19,875'18 71,550 3 4 1620
Year ending March, 1893 48,777 34,555'79 124,916 1 9 14169
Half-year ending September,
1893 24,736 22,634-04 81,850 16 11 1830
Half-yearending March, 1894 22,477 22,396-60 89,586 10 10 {éggswgr
9 months ending December,
1894 36,784 39,732'84 143,067 19 3 ‘ 21'602

199,395 173,911'46 638,244 1 1‘ 1749 1749

For quarter ending March, 1895 12,508 1 3,564'87 48,409 7 6 21 '689

,, ,, June, 1895 13,018 13,920'72 48,944 1 3 ) 21'386 ;

Cyaaiéarststnsi— Ann, i _ , , ,, , 1 n W A! , -1 1
-
Period.
T
,RSELSCL
-
Yield.
1‘l -
Yalue.
Yield
pe; wm Zigzag-Se
Total

oz. dwt.;5 £ a. d. dwt.

Half-year ending March, 1892 15,310 3,495 1 13,376 0 0 5'30
Year ending March, 1893 44,548 11,200'87 . 40,556 12 10 4592
Half-year ending September, 1893 18,017 4,127'20 L 17,406 0 0 3'88
Half-year ending March, 1894 17,784 4,702'26 19,601 19 0 4922
Nine months ending December, 1894 32,395 10,758‘14 1 34,606 0 2 6642
_ _‘ 1

128,054 34,283'47 125,546 12 0 5362 5362

I
For quarter ending March, 1895 9,898 4,091'88 8,995 19 3 826 bullion.
,, ,, June, 1895 9,457 3,393'20 7,800 14 6 7'38 do.

Qsmanfimtss =1 _ _ ,_ “n A __ -1 , - --- _
_ Tons Yield _ Yield Total
Period. treated.‘ per ton Total yield. Value ape; gyxertzgxe
l

oz.dwt.gr. oz. dwt. gr. 2 .7. cl. dwt. dwt.

Half-year ending March, 1892 688 4 4 13 2,908 10 0 11,634 0 0 275
Year ending March, 1893 1,524 5 8 12 8,249 5 0 32,997 0 0 3-933
Half-year ending September, 1893... 918 6 13 18 6,140 5 0 24,561 0 0 577
Half-year ending March, 1894 856 6 8 12 5,500 8 2 22,001 12 4 5757
Nine months ending December, 1894 1,437); 6 19 23 10,057 10 4 40,230 0 8 5467

5,423} 32,855 18 6 131,423 13 0 4176 4176

For quarter ending March, 1895 .. 469 6 1 20 2,856 0 0 9,593 8 3

,, ,, June, 1895 489 6 4 16 3,049 2 9 9,569 12 5
Total value of gold recovered to the end of 1894, £894,217 68. 1d., an average of 26480 dwt. per ton;
 11.41 VM P8183131 (IX 'SHNIN 901

percen‘on.
tage‘extraction. value
Average value
Avemge Pert‘felt'vre
assayton.
Per
e to
Aver-a 64
0'76 26'74
61.46
(1,"~
d-g1.‘
(11V
02.

26'71
4.75
34'90
5933 59'03
6467
11'11
l 53
0‘671
_ l
(4'23_
8
Value
003*‘
per
P" d‘
d.
£a. 55
8'36 4'38_ ‘
21
10185

'
8629_ 1_‘_A~

Profit
Table
of
quantity
treated,
showing
tailings
Tailings
(i)
profits,
returns,
etc.
:

13
32,316
6 3‘
.
:3\
5,423,
3
;131,277
0231,0,
34-52,313491

21,594
10
15 12,713
O
2 6
15
59,543

3, 8,658
a.. 3,702
dwhgr.
£ 15 1 5,417 3 7,913
16 5,585 7
0 10
14,376 12 0
10,556 17,406 19,601
00
19 2
34,606 0
12
95,546
Value. (1.
$3
a.

|
0
5 4
0
S
2

15,310 44,543 13.017 17,73432,335 1,524313 856 1,4371,

i
123,04
Year
ending
1893
March,September,
1893'
Half-year
ending
December,
1892
March,
1891,
to Half-year
688
1892
March.
ending 1894
March,
endingMarch
Half-year 1894
December,
to
April
September,
1893
to ‘’March,
October,
1894
1893
to
April,
1893
March,
1892,
to.
March
December,
1894
to
106 IVITWA TERSRA ND MINES.

During the quarter ended December 31, 1894 :—

£ 8. d.
Mining expenses 15,624 5 6
Development redemption (8.9. per ton) 5,058 16 0

£20,683 1 6
Reduction expenses 3,626 11 4
Transport ,, 248 0 0

Total 24,557 12 10
Proceeds of gold 70,389 19 6

Profit for the quarter £45,832 6 8

General Charges, £2,874 Gs. 1011., and Maintenance, £2,759 14s. 11d., distributed over Mining,
Reduction, and Transport Accounts.
Tons crushed during the quarter ... 12,647 tons.
Waste rock sorted out during the quarte 8,604

During the quarter ended March 30, 1895 :—

£ 3. d.
Mining expenses 15,800 15 3
Development redemption 3,751 9 0
Reduction expenses 3,719 7 5
Transport ,, 289 18 6

Total £23,561 10 2
Proceeds of gold .. .. 66,598 15 0

Profit for the quarter £43,037 4 10

General Charges, £3,857 Os. 5d., and Maintenance Account, £2,448 15;. 6d., distributed over
Mining, Reduction, and Transport Accounts.
Tons crushed during the quarter 12,508 tons.
Waste rock sorted out during the quarter" 7,552 ,,

During the quarter ended June 30, 1895 :—

£ 8. (1.
Mining expenses 17,621 1 0
Development redemption (5s. per ton on 13,018 tons) 3,254 10 0
Reduction expenses 4,170 12 8
Transport ,, 277 0 10

Total expenditure £25,323 4 6

,, revenue 66,314 8 2

Profit for the quarter £40,991 3 8

General Charges, £3,996 108. 11d., and Maintenance, £2,482 118. 1d., distributed over the
Mining, Reduction, and Transport Accounts.

Tons crushed during the quarter 13,018 tons.

Waste rock sorted out during the quarter 9,739 11
 WITWA TERSRAND MINES. 107

(71) Average yield by amalgamation: The value of the ore crushed has gradually improved.
This to a certain extent is due to the sorting system introduced.
For half-year ending March, 1891, average per ton was 17'644 dwt.
n n 11 September: 1891 77 . 11 11 16025 n
n n 11 March’ 1892 n n 1! 1620 n
,, year ,, March, 1893 ,, ,, ,, 14'169 ,,
,, half-year ,, September, 1893 ,, ,, ,, 18'30 ,,
,, ,, ,, March, 1894 ,, ,, ,, 19 dwt. 22'28 gr.
,, nine months ,, December, 1894 ,, ,, ,, 21-602 dwt.
,, quarter ,, March, 1895 ,, ,, ,, 21-689 ,,
77 H ,, June, 1895 ,, ,, ,, 21-386 ,,
(k) Duty of Mill:
Duty per stamp per day during half-year ending March, 1891:3'781 tons crushed.
,, ,, ,, September, 1891 =4'15 ,, ,,
v n ,, March, 1892 = 347 ,, ,,
H n year March, 1893 = 3'55 ,, ,,
,, ,, half-year September, 1893 = 3'52 ,, ,,
H n March, 1894=3'27 ,, ,,
77 ,, lilamh to December, 1894=3-51 ,, ,,
(I) Results from introduction of Sorting System.‘ Mr. Harry Johns, the general manager
of the Company, in view of the narrow reefs worked, introduced the system of separating
the waste rock mined from the remaining portion of ore of higher grade passing through the
mill. By this means a higher percentage of yield has been obtained, with highly satisfactory
commercial results, as shown by the table. A saving in mining of 108. per ton is obtained. Sorting
was commenced in August, 1892. The expense of sorting amounts to 5d. per ton, whilst milling,
transport, and cyaniding of waste rock is avoided. A considerable reduction in the expenses, re
gardless of the increased yield, is thus efi'ected, which could not otherwise have been obtained
with the same mill equipment.
Statement showing advantage of Sorting.

‘4*; l Pt; ' In~ !

cent- ‘creased
, 0 w ‘age of| Vlllue Vllm‘ i value ! Value of addi- Direct
PerimL Miggd ":9 waste - 0(1)"? of_ ore , otore , tional gold _won gavingdue
. .Sztced l - rpikd‘ mined. , mllled- amlletg due to sortmg- tosorting.
' pm a no
1, i out. I l sorting.
1 a W 7' _ a. _i __1m - a.. .
1 tons. tons. tons. I cg: dwts. dwtl. j dwts. 1 £ a. d. £
Yr" ending March. 1898i 57,794-5 9,0175 48,777 1.5-6 19-98 22-69 4 3-31 28.899 17 4'8 6,825
Half-year ending Sep l
l
‘ember ending
Half-yeai‘ 1898 March,-- ' '
80’933 11 ‘2 17 2 4'786 '31
. - 19 |\19-7 l127-95 i 6-2'o , 96:26
p 14 9-6 ' 9360
,
| l
1894 1 34,259 11,782 Y 22,477 34-86 , 22-491 83-495‘, 11004 62,559 17 996 10,282
Nine
1894months end
66,543 29759 i 36,784 ‘44-72,
,194,6426§61,776?>'132,774 im— 19-99
- 39-762‘
— l 14432109547
- ,227593 144 6-392 14,657
51-152‘ 41,121

The average assay value of the waste rock picked out in sorting is less than that of the dis
carded residues from the cyanide works. It will be observed from the above statement that gold
of the value of £227,533 148. 51624. has been won by the Company since the inauguration of the
system of sorting (2 years and 5 months), which could not otherwise have been obtained with
present plant in the same space of time. The Company has also been saved the expenditure, after
deducting the cost of sorting, of £41,124 20. l'lld. in not having to transport, mill, and cyanide
61,776'5 tons of waste rock.
Total yield of gold per ton, through sorting, amounted to :—
dwt. .
Amalgamation 18 14915
Cyanide 5 6-648
Concentration 5 11241

Total yield 29 8804

108 WIT WA TERSRA ND MINES.

Total fine gold won during period April to December, 1894 (being a total extraction of 846 per
ton) :—

Process. I Fine Gold. Value.

I ozs. dwts. grs. £ a. d.

Amalgamation ... ... ... 34,248 12 1728 144,569 19 0
loncentration . . . ... ... ... 10,057 10 4 40,230 0 8
Cyaniding 8,286 5 1392 34,606 0 2
852,592 _8 11-2_ 1 219,452??? 108’ _

(In) Statement showing total working capital supplied :—

£ a P~
Original working capital 6,000 O 0
April, 1888, increase of capital and issue 12,000 at par 12,000 0 0
March, 1889 ,, ,, ,, 1,500 at £17 24,245 0 0
March, 1890 ,, ,, 850 at £10 8,500 0 0
December, 1890—91 ,, ,, 11,000 at £7 76,036 17 0
March, 1891 ,, ,, ,, 1,000 at £9 108. 9,500 0 0
Interest... .. 364 10 0

Total £136,646 7 0

(n) Statement showing total loss and revenue and net profit from October, 1890, to Decem
ber, 1894 :—

Total working 0 Total value of ,

cost. A gold recovered. 1 Profit‘

.8 s. d. £ 3. d. i f. 0. d.

Half-yearending March, 1891 22,741 13 11 44,425 5 6 21,683 11 7

Half-year ending Sept., 1891 49,099 17 1 80,850 4 0 ; 31,750 6 11
Half-year ending March, 1892 49,763 9 4 82,553 19 7 ‘ 32,790 10 3
Year ending March, 1893 124,973 6 3 198,470 14 7 1 73,497 8 4
Half-year ending Sept, 1893 53,401 16 3 110,372 14 9 f 56,970 18 6
. . i 65 985 1 7
Half-year ending March, 1894 64,368 7 2 130,303 8 9 . {Interest ’364 10 6
. .- 3' 728 11 10
Quarter ending June, 1894 34,763 0 0 (0,491 11 10, {Interest 0’467 19 7
, 77,657 8 4
.
Half-year ending Dec.,1894... 64,084 15 4 141,742 3 s ,l I t t
D233?“ 347 7 4

unclaimed 6 9 0

£463,196 5 4 £859,260 2 8 ‘ £397,250 3 9

Drvmssns PAID :—
Half-year, September, 1891, 50 per cent., equal to £22,000
Half-year, March, 1892 75 ,, ,, 33,750
Year, March, 1893 85 ,, ,, 38,250
Half-year, September, 189 50 ,, ,, 22,500
Half-year, March, 1894 50 ,, ,, 22,500
Quarter, June, 1894 100 ,, ,, 45,000
Half-year, December, 1894 50 ,, ,, 44,500
Half-year, June, 1895 65 ,, ,, 57,850

525 per cent., equal to £286,350

 WITIVA TERSRA ND MINES. 109

Statement showing appropriation of capital and returns as at December 31, 1894.

£ s. d.
Total profits earned 397,250 3 9
Total dividends paid 184,000 0 0

55,250 3 9
Less dividend declared but not paid 44,5(1) 0 0
Balance 168,750 3 9
Purchase price, 2} claims 26,030 0 0
Balance of profit . . 142,720 3 9
Total working capital supplied 136,646 7 0

Total amount invested represented by assets of the Company £279,366 10 *9

Statement showing appropriation and profits during the 51 months (4} years) ending
December 31, 1894.
Total profits earned, £397,250 3.9. 9d. on capital of £45,000 (increased to £90,000 in August,
1894), being equal to 884 per cent. on the capital of the Company.
£ 8. (1. Per cent.
Paid in Dividends 184,0(1) 0 0 on capital of £45,000: 410
Expenditure on plant 38,927 11 9 ,, ,, = 46505
Do. on buildings 10,333 7 9 ,, ,, = 22'963
Do. on permanent works .. 29,929 9 5 ,, ,, = 6650?)
Do. on development 11,331 6 1 ,, ,, = 2518
Do. on sundries 1,862 19 5 ,, ,, = 4'14
Do. on purchase of property 26,030 0 0 ,, ,, = 57845
Do. on plant, buildings, permanent works,
quarter ending June, 1894 4,591 0 3 ,, ,, = 10'202
Do. on plant, buildings, permanent works,
etc., half-year ending Dec., 1894 26,053 3 1 ,, ,, = 57895
Bonus account 3,320 0 0 ,, ,, = 7'377
Balance of assets over liabilities 680,86 6 0 ,, ,, : 135302

Total appropriation £404,465 3 9 £ a (1. =

Balance of assets over liabilities as above 60,886 6 0

Dividend of 50 per cent. to be paid 44,500 0 0
Leaving balance of assets over liabilities of £16,386

\VATER-RIGH'n—The Company owns a water-right in the Wemmer pan, and another south of
l1
6_ 0

the Robinson Company. The Company has a joint dam with the Worcester Company, having a.
capacity of 35,000,000 gallons.
Norm ON THE EQUIPMENT OF THE MINE.—Main Shaft, No. 1 : This shaft consists of a double
cage-way and pump-way, together 15 x 6 ft., sunk vertically to a depth of 220 ft., and continued
on the dip of the reef to a depth of 1,100 ft., at an average dip of 30°. The equipment consists of
a wooden head-gear, 70 ft. high. Sorting-Floors: The ore is raised by means of self-tipping
skips, and conveyed to the sorting-floors. It is then discharged on to grizzly bars, where the fine
stuff is separated from the coarse; this is washed and sorted by hand. All the waste rock containing
less than 10 gr. to the ton is employed in filling spent stopes, while the valuable rock is driven to
the mill on tracks, by gravitation. Pump: The pump is of the Cornish type, 9 in. in diameter,
and is worked by an independent engine, deriving its power from the main boilers. Hauling
Engine: The hauling engine, 16x38 ft. geared, with independent drums, is of Tangye type.
Compressors (Fraser & Chalmers) have two receivers, working at 75 lbs. air pressure, and
work 7 drills, viz., 6 Slugger’s, and 1 “Climax.” Electric Light is obtained from 2 Elwell
Parker dynamos, driven by an independent Marshall engine. These supply light to all surface
works, ofiices, quarters, and also to the two stations in both shafts, Nos. 1 and 2. The mill,
cyanide works, and crushers, derive their light from another source. Boilers: The hauling
 110 WITWA TERSRAND MINES.

engine, compressors, pump and dynamos, derive their power from 6 (Fraser & Chalmers) multi
tubular boilers. Pressure, 80 lbs; h.p., 360. N0. 2 Shaft: This, like the main shaft, is sunk
vertically to a depth of 220 ft., and continued as an incline to 1,100 ft., dipping at 30° ap
proximately. The present equipment is now being discarded. It consists of one 13 h.p.
hauling engine, with semi-portable, horizontal boiler. This engine, as well as the present head
gear, are being replaced by one 12 ft. x 36 ft. direct acting engine, with Cornish valves, and of 350
h.p. Two boilers will be equired, one of which, by Fraser &. Chalmers, is already in position.
The new head-gear will be 0 ft. high. The skips will carry 2 tons of quartz. The quartz from
this shaft is conveyed to the mill by tram, the trucks being drawn by mules up to a point from
which they run to the mill by gravitation. fllill: The present battery, which is erected about
2,000 ft. from the mine, consists, as at present working, of 60 stamps (Fraser & Chalmers), being 40
stamps for the Ferreira Company, and 20 for the Worcester Company. \Veight of the stamps, 900
lbs., fed by automatic ore feeders, and supplied with stone-breakers (Fraser & Chalmers). These
are erected in the battery itself, and the quartz is raised to them by means of ordinary elevators.
These stone-breakers will however be replaced by a new plant, more fully described below. The
battery shed also covers 36 Frue Vanners, of which 24 are used by the Ferreira Company, and 12
by the Worcester. The concentrates are not treated on the property, but are sold to the Robinson
Company at their assay value. From the vanners the tailings are conveyed by gravitation to the
pits, to be taken from thence by mechanical haulage to the present cyanide works. Increase of
stamping power : The battery shed has been largely increased, to make room for the following plant,
which is now nearly completed. The increase will consist of 50 head of stamps of the heaviest type,
being 40 for the Ferreira Compan , and 10 for the \Vorcester, and 32 additional vanners, of which
21 are for the Ferreira, and 11 or the \Vorcester, making a total of 113 stamps, and 68 vanners,
distributed as follows : Ferreira Company, stamps, 80; vanners, 45. Worcester Company, stamps,
30; vanners, 23. Electric Light: Light is obtained from a large dynamo, driven by a \Voollan’s
direct acting engine. This dynamo, which takes its power from the mill’s boilers, supplies light to
the mill, vanners, mill engines, cyanide works, rock-breakers’ station, and tunnel from rock-breakers’
station to the mill. Mill engines and boilers: All present engines and boilers are going to be
replaced by 1 compound condensed engine of 400 h.p. (Tangye), and 4 boilers with Green’s fuel econo
mizers. The stack (Tangye) will be 160 ft. high. All smoke before reaching the stack will pass
through a series of pipes, to which the feed-water is forced. The pipes will be kept free by means
of automatic scrapers. This apparatus is so arranged that, should any repairs be necessary, the
s noke can be diverted to the main flue, thus avoiding all stoppage. The present driving engine
(Fraser & Chalmers), 150 h.p., will be kept as a stand-by, in case of accident to the main
engine. New stone-breakers’ station .' This station is situate at about 500 ft. from the mill, and
adjoins the new cyanide works. The ore will be conveyed to it from the mill by means of an end
less rope haulage, a distance of about 2,000 ft. The station will contain 6 Blake & Marsden
breakers of the heaviest type. A noteworthy feature of the new arrangement will be that the ore,
after passing through the breakers, will fall through underground shoots into bins, and be taken from
there by gravitation to the mill, through an underground passage, where the trucks will be raised
to the platform by means of the existing elevators. Engines: The engine driving the stone
breakers will be of 60 h.p. (Harvey & Co.), with 2 Fraser & Chalmers boilers (the boilers working
at present at the mill being used for that purpose). This engine, in addition to the stone-breakers,
will work the endless rope haulage, which will take the tailings from the depositing tanks to the
new cyanide works. Old cyanide works .' This plant is shortly going to be removed to make room
for tailings. It consists at present of 14 square vats, of 150 tons capacity, for leaching purposes ;
solution tanks, reduction zinc boxes, and usual offices. The tailings are taken from the tailings’
site and carried to the leaching vats by means of mechanical haulage, and are, after treatment,
taken to dump by trucks driven by mules. New cyanide plant: This new plant is being
erected at a distance of about 500 ft. from the mill. It will consist of 6 circular wooden leaching
vats, of 220 tons capacity, fitted with bottom discharge, the whole being erected on most
substantial stone foundations; 6 zinc reduction boxes; 5 solution tanks; assay and other
offices. The solutions will be pumped to the leaching vats by means of an oil engine (Tangye &
('30.). The tailings, under the new arrangement of the battery and cyanide works, will be elevated
by a tailings wheel, constructed immediately below the battery, to large depositing tanks, and
taken direct from there to the new cyanide works by means of an endless rope haulage, driven from
the stone-breakers’ engine, as described above. Water supply pumping station: The present
dam has lately been raised about 12 ft., so as to supply both the Ferreira and the Robinson Com
pany; thus necessitating the removal of the pumping station to about 100 ft. from the original
waterline. This improvement will insure not only a much larger supply of water to draw from,
but also a water less impregnated with acids. Pumping station : This plant consists of one
compound condensing engine, 100 h.p., and two independent Davy’s pumps, two multitubular
Fraser & Chalmers’ boilers working at a pressure of '80 to 90 lbs, with an average consumption of
 WITWA TERSRA ND MINES. III

24 bags of coal per day of 24 hours. The water is at present conveyed from the pumping station
to the mill by a main of 9 in. steel pipes. A new main is now being substituted, with this feature,
that it is laid so as to avoid being covered by tailings. The new line runs along the retaining wall
of the dam, and will be at all times accessible for repairs. The pipes of the old main will be
employed to carry the surplus of the water from the mill to the reservoir. Reservoir: This is
constructed at the highest point of the property, and will receive all the surplus of water from the
mill, so that, in case of repairs being needed at the pumping station, a full supply of water may be
obtained from the reservoir for milling purposes, and stoppage avoided from this cause. The dis
tance from the pumping station to the mill is about 1,000 ft. and 3,000 ft. to the reservoir. Filters .
Close to the reservoir is placed a filter, through which all the water used for steam purposes is
purified, and from which it is taken to the boilers by gravitation. Workshops: All fittings are
made at the Company’s workshop, the plant of which consists of 1 20-ft. lathe, 1 10-ft. lathe, 1
large planing machine, drilling, shaping, punching and shearing machines. The workshop contains
a special department for electrical fitters, and is being enlarged so as to make room for boiler
makers and rock-drills’ fitters. The smiths’ shop contains 13 forges, with Roots’ blowers,
travelling cranes, pneumatic hammer, by Greenwood & Batty. The capacity of this shop is also
being increased.
GENERAL REMARKs—Vvith reference to the present earning capacity of the mine and the future:
The Company's present monthly profits average £13,000, which is equal to 1728 per cent. on the pre
sent capital of the Company, namely £90,000. \Vith the additional 40 stamps the rofits are
likely to increase about to £20,000 per month. \Vith regard to the life and equipment 0 the mine,
the General Manager, Mr. Harry Johns, estimated that the old Ferreira property contained 200,420
tons of South Reef, which it would take four years to exhaust. Judging, however, from the
promising nature of the Main Reef Leader and Main Reef at the present stage of development,
the prolongation of the life of the mine has been assured. The acquisition of the \Vemmer-Ferreira
\Vorcester Deep Level claims is estimated to have been prolonged the life of the mine to at least
15 years. Since this estimate was made, the width and value of the South Reef and Main Reef
Leader has so much increased that the estimate should be considerably exceeded. It must be
remembered that hitherto the South Reef only has been worked. Regarding the basis of the
absorption of the Wemmer-Ferreira-VVorcester Deep Level claims a calculation shows : The
Ferreira Company owned 18 Main Reef claims, which, taking an average dip of 55°, would represent
31 flat claims; of these ~,»‘,- of the South Reef has been stoped, leaving intact an aggregate of 20 flat
claims. The W'emmer-Ferreira-\Vorcester property consists of 316 claims, which, at an assumed
dip of 30°, equals 365 flat claims. This shows the \Vemnler-Ferreira-VVomester Company to
have put into the amalgamation 16'5 claims in excess of the Ferreira Company, the Wemmer
Ferreira-Worcester Company receiving 44,000 shares in the Company, which would stand against
the other assets of the Ferreira Company, machinery, equipment, etc. The increase of the mill
from 40 to 80 stamps (each 200 lb. heavier than those now in use) and equipment of battery, mine
and cyanide works will entail an expenditure of some £70,000. £15,000 of this amount has already
been expended, and £15,000 will be available by the sale of the 1,000 reserve shares. The balance
will be paid out of profits without interfering with the dividends for the year 1895. With all the
advantages it has, it may be said that the Ferreira ranks amongst the leading companies of the
Witwatersrand.

FRENCH RAND GOLD MINING COMPANY, LIMITED.

Formed in June, 1895.
CAPITAL—£560,000 in £1 shares; 480,000 shares issued and fully paid up.
Directors.
PAUL Dnsvros, F. ECKSTEIN, H. \V. GLENNY, G. Rlcnmos, and W. H. Rooms.
London Committee. ,
Smos Masons, MAJOR F. I. RlCARDE-SEAVER, 0. Runs, and H. Zosrrm'rz.
Secretary and Head Ofiiee.
Gnoacr: Hrzssrz, Johannesburg, Transvaal.
London Secretary and Oflice.
E. MARCUS, 28, Austin Friars, E.C.
CAPrrAL Arraornm'rios—The Company was formed to amalgamate the Champ d’Or Deep and
Compagme Générale des Mines d’Or (Teutonia) properties, taking in their deep levels as well. The
capital was apportioned as follows :—
 I 12 "'ITIVA TERSRA ND MINES.

To the Champ d’Or Deep Level Gold Mining Company for its assets
and liabilities 175,000 shares
To the Compagnie Générale des Mines d’Or for its assets and
liabilities 100,000 ,,
To the owners of the Kitsey block . 110,000 ,,
To the owners of the Lockhart, Albu, Baconfelnd Bedford ‘cl-aims . 20,000 ,,
Offered to the Champ d’Or Deep shareholders at 258., the issue
being guaranteed .. 70,000 ,,
The guarantors took up at 45.9. .. 5,000 ,,
Held in reserve, the guarantors having an option over 35,000 re
serve shares at 30$. for three months, and over 45,000 shares
at 408. for a year 80,000 ,,

£560,000

This provides a working capital of £98,750, with £142,500 further if the options are exercised.
\Vith the Champ d’Or Deep assets the Company also took over liabilities amounting to £101,000;
but it must have received about £40,000 in cash from the Com agnie Générale des Mines d’Or.
The difference between the cash assets of the Compagnie Généra e and the liabilities of the Champ
d’Or Deep will come out of the working capital mentioned. The Compagnie Générale share
holders received share for share, and the Champ d’Or Deep shareholders received seven shares
for eleven.
HISTORY or rm: COMPAGNIE GsNaRALn—Full attention is paid to the Champ d’Or Deep
Gold Mining Company, Limited, in a separate notice. The Teutonia Gold Mining Company was
formed in 1889, with a capital of £75,000, of which £51,000 was paid to the vendors, £12,000 was
working capital, and 12,000 shares were held in reserve. The last mentioned were subsequently
sold at 10.9. each. In June, 1889, the capital was raised to £150,000, and 45,000 shares were sold
for £15,000, the balance being unissued. In September, 1891, the Company was reconstructed by
Mr. W. G. Cunlifl'e with a capital of £100,000. The shareholders received 40,000 shares (or one
for three), 50,000 were issued in return for £13,750 of cash, and the balance were subsequently
sold at 123. 6d. each. In July, 1894, the Consolidated Goldfields of South Africa, on subscribing
£2,000 to be expended on the property, was given an option to reconstruct. the Company on the
following lines, and the reconstruction was duly carried through: To the Teutonia shareholders,
31,000 shares ; to the Champ d'Or Deep Level Company, for 35 dip claims, 19,000 shares ; working
capital, taken up at par by the reconstructors, 30,000 shares ; in reserve, under option to the recon
structors at par for a year, 20,000 shares. Total capital, £100,000. The option over the 20,0(D
shares was exercised. In the French Rand Company, as already stated, the shareholders receive
share for share. The property, as enlarged, consisted of 80 claims on the farm VVitpoortje,
between the Champ d’Or and Grey’s Mynpacht properties. 22 of the claims are on the outcrop of
the Botha’s Reef, the balance being dip ground. Crushing results will be found at the end of this
volume. All work was stopped in February, 1893, owing to the flooding of the mine ; and nothing
was then done until prospecting operations were started in 1894 by the Consolidated Goldfields
Company, mainly as a consequence of the developments at the adjoining Champ d’Or property.
PROPERTY.—The French Rand Company possesses about 455 claims on the farms Luipaard’s
Vlei and Witpoortje, West Band. The claims are on the Botha’s Reef and adjoin the Champ d’Or
property on the east, south and west. The blocks amalgamated are as follows: Champ d’Or Deep,
188 claims; Compagnie Ge'nérale, about 80 claims; the Kitsey block on the dip, 145 claims; the
Lockhart, Albu, Bacon and Bedford blocks about 42 claims. Johannesburg is 10 miles to the east.
MACHINERY—The Company took over from the Champ d’Or Deep 2. 30-stamp Sandycroft
battery, together with cyanide works and other plant.
GENERAL REMARKS.—Tlle new Company owns one of the largest blocks of ground on the Rand,
in a district which, although once thought little of, is now decidedly looking up. As before stated,
crushing at the Teutonia property was suspended in February, 1893. The Champ d’Or Deep started
crushing in November, 1894, and stopped its battery on March 31, 1895, for the purpose of de
veloping the rich shoots coming into the Champ d’Or Deep property from the Champ d’Or. At the
present time (September, 1895) work on the Champ d’Or Deep portion of the property is confined
to sinking the main incline shaft, which is down over 1,000 ft. Driving and development
work will follow. 0n the Teutonia block pumping only is in progress.
 PVIT IVA TERSRA ND MINES. I 13

FRENCH WESTERN NIGEL, LIMITED.

Formed June 13, 1895.
CAPITAL—£300,000 in £1 shares; 250,000 issued and fully paid up.
Directors.
F. von Hmsnn'r, DR. J. MAGIN, CARL MULHAUSE, W. P. TAYIJOR, E1111. Snmnsr,
L. EHRLICH, and P. DREYFUS.
Head Ofiice. Secretaries.
Johannesburg. New African Company, Limited.
London Oficc.
Sufi'olk House, Suffolk Lane, E.C.
London Committee.
F. R. BULLOCK, E. Sum-mas and L. R. C. Borne.
Bankers. Solicitors. Auditors.
NATIONAL BANK. HULL 85 Homsrss. Gso. Hmsn and E. Gsosss.
APPROPRIATION or Curran—To vendors, £175,000; for working capital, £75,000; reserve
shares, £50,000.
D$CRIPPION or PROPERTY.——Consists of 194 claims, situated on each of the adjoining farms,
Droogebult and Noycedale, to the west of the Nigel Gold Mining Company, Limited, on the dip
of the Nigel Reef. Operations in connection with boring for the reef will be started forthwith.

GARDNER MAIN REEFGOLD MINING COMPANY, LIMITED

(in Liquidation).
Formed in December, 1888, and vre-formcd in Septmnber, 1889, and August, 1890.
CAPITAL——£60,000 in £1 shares ; 47,000 issued and fully paid up.
Secretary and ()flice.
W. KJTCHIN, Johannesburg, Transvaal.
FINANCIAL HIS'mRY.——The capital was originally £70,000. The Company was subsequently
(September, 1889) reconstructed, with a capital of £250,000. In August, 1890, the capital was
reduced to £60,000. On February 26, 1895, the assets of the Company, consisting of about
19 Main Reef claims, and 16 claims situated to the north, were sold for £16,500 cash, and the
property was subsequently re-sold by the purchasers to the Balmoral Gold Mining Company for
30,000 shares in that Company. The liabilities of the Gardner Main Reef, amounting to about
£8,000, had to be repaid out of the £16,500 received, and the shareholders received a cash distribu
tion of 4s. per share.

GELDENHUIS DEEP, LIMITED.

Formed in January, 1893.
CAPITAL—£350,000 in £1 shares; £280,000 issued and fully paid up. £160,000 in £100 debentures,
bearing interest at 5% per cent. per annum.
Directors.
LIONEL PHILLIPS (Chan-man), G. Rouuo'r, F. LOWREY, D. H. BnvJAmx, and
CAr'rAm Tnonss Mam.
General Manager. illanuger.
H. C. PERKINS. R. E. BOWEN.
Secretary and Head Oflicc.
R. V. MIDDLETON, Eckstein’s Buildings, Johannesburg.
London Office.
30, St. Swithin’s Lane, E.C.
CAPITAL CnAsom.—None; but in addition to the issued capital (£280,000) debentures of £100
each, to the amount of £160,000, have been issued at 95 per cent., bearing interest at 51 per cent.
per annum, and redeemable at par from January 1, 1897, at the rate of £16,000 per year for 10
years.
von. 1. I
 II4 IVITIVA TERSRAND MINES.

Appropriation of Capital .'

To Rand Mines, Limited, for 150 claims 101,500 fully paid-up £1 shares.
,, Consolidated Deep Level Company, 60 claims 73,500 £ s. 11.
Issued for working capital at 13. premium - 90,000 ,., giving 94,500 0 C
Issued March, 1895, at £7 per share 15,000 105,000 0 0
Total issue 280,000

. £ 8.
Total working capital supplied £199,500 0 0
Debenture issue, at £95 152,000 0 0
Revenue from rents, interest, and discount during 1893 778 2 3
,, ,, ,, ,, ,, 1894 1,637 10 9
Total receipts since inception of the Company ..'. £353,915 13 0

ACCOUNTS AND FINANCE—Made up annually to December 31. Two annual statements (to
December 31, 1893, and December 31, 1894) have been issued. The Company’s issued capital
at December 31, 1894, was £265,000, of which 90,000 shares originally formed working capital.
These were issued at 218. per share, realizing £94,500. In March, 1895, 15,000 further shares
of the reserve of 85,000 shares, raising the issued capital to £280,000, were issued to shareholders
at £7, and were guaranteed at £6 109., realizing (provided all were applied for by shareholders)
£105,000. During 1894, £160,000 of debentures secured by a first mortgage bond on the property
were created; the board having considered this course more prudent than that of issuing the
reserve shares at the then comparatively low price to provide further working capital. These
debentures were issued at per cent., bear interest at 5} per cent., and are redeemable at par
within ten years from January 1, 1897. They were in the first instance offered to shareholders.
The entire issue has been taken up. The following is a summary of expenditure and revenue to
February, 1895 :—

Receipts. £ 9. d Expenditure. £ a. d.
90,000 shares, issued at 219. 94,500 0 0 Expenses up to Dec. 31, 1893 7,457 19 7‘
Debenture issue,£160,000, at 95 152,000 0 0 ,, ,, ,, ,, 1894 81,5&) 11 7
Rents interest received, Dec. Shaft sinking 44,155 15 9'
31, 1893 778 2 3 Development and underground
Rents interest received, Dec. equipment 41,018 12 7
31, 1894 1,637 10 9 Debenture issue expenses 1,000 0
Expenditure, general, during 1894 6,311 9

£181,524 8 8
Leaving balance to be accounted
for .. 67,391 4 4
£249,915 13 0 £248,915 13 0

The balance of £67,391 49. 4d. is accounted for as follows :—

December 31, 1894. £ a. d
Cash assets (less debts) 57,774 6 9‘
Stores paid 9,616 17 7

£67,691 g1 7 74.
The general manager estimates that not only will the above amount of £57,774 be spent, but
£100,000 further will be required before the milling operations, in September, 1895, are started.
In order to provide for this amount 15,000 of the reserve shares were issued in March, 1895, at £7
per share, which provided more than the amount required.
 WIT WA TERSRA ND MINES. I 15

Items from Balance-sheet, dated December 31, 1893.

Liabilities. £ a. d. Assets. £ s. 09
Issued capital 265,000 0 0 Claim property... 175,000 0
Permanent works—
No. 1 shaft £12,219 7 2
,, ,, 11,178 6 9
Reservoir 1 174 12 6
23,572 6 5
Machinery and plant 31,233 9 7
Buildings 8,287 5 4
Cash in hand 25,000 0 0
Balance, profit and loss ‘account 2,179 1 7 4

Including preliminary flotation, etc., expenses (viz. £3,298, and transfer duty £1,750) and
general expenses £2,200, the profit and loss account to December 31, 1894, showed a debit of
£2,179, after deducting profit on 90,000 shares issued at ls. premium (£4,500), and interest (£707). .
The Company
formality, and not
nonehavin reached
has fiieen the producing
published stage
for the year as yet,
ended the profit
December 31, and
1894.loss account is a mere

Balance-sheet, dated December 31, 1894.

Liabilities. £ 3. d. l Assets. £ s. d.
Issued capital 265,000 0 0 1 Property, 211 claims 175,000 0 0
Loan debenture issue 160,000 0 0 Shafts 44,155 15 9
Creditors 8,578 0 0 Mine development and under
‘ ground equipment 41,018 1‘) 7
Buildings and permanent worlds 22,580 10 11
a Machinery and plant 68,096 3 2
i Debtors on loan, etc. 64,686 6 6
Cash and sundry liquid assets { 12,186 16 6
Debenture issue, 5 per
cent. discount £8,000
Sundry expenses, ditto 1,000
—— 9,000 O 0
. Sundry expenses, Dec. 31, 1893 2,179 17 4
Claim licenses, 1894 £1068
, Johannesburgsalaries, etc. 1050
1 Intereston debenture issue 2933
I Sundries 1260

. 6311
_ Less rents and interest
received 1637
-— 4,673 18 5

Total, as per balance-sheet... £433,578 0 0 ! £433,578 1 2

Cash balance in hand December 31, 1894, approximately £58,000.

Estimated expenditure previous to starting of mill :— £
For mine development... 60,000
,, mill, cyanide, plant, and surface equipment 100,000

£160,000

Leaving £100,000 to be provided for, which, as aforesaid, has been done. The above allows for the
machinery required to complete the 200 stamps.
I 16 WITWA TERSRA ND MINES.

The financial position at December 31, 1894, was as follows :—

Reccipis. £ a. d. Expenditure. £ a. d.
From share capital issued 265,000 0 0 Shaft-sinking 44,155 15 9
From debentures 160,000 0 0 Development and underground
—— equipment .. 41,018 12 7
425M» 0 0 Buildings, machinery, plant
Revenue in .u n. 2 and general improvements,
etc. .. 81,58) 11 7
Interest, cost debenture issue,
and profit and loss from
1893, licenses, etc. 16,468 14 11
£183,223 14 10
Mining claims (211 claims) 175,000 0 0
£358,223 14 1o
Assets.
Stores... £9,616 17 7
Cash assets (less
debts) 57,774 6 9
——-——— 67,391 4 4
£425,614 19 2 £425,614 19 2

DESCRIPTION or THE PROPERTY.—The property of the Company consists altogether of 218

claims mining area, and is situated on the immediate dip of the Geldenhuis Estate and
Geldenhuis Main Reef Companies, between the Jumpers Deep and the Simmer and Jack
Gold Mining Companies. The extent of the property along the strike of reef is about 4,500
feet, or 30 claims, and the dip is consequently covered by about 7 claims deep. The northern
boundary is, generally speaking, about 1,200 to 1,400 ft. distant from the outcrop of the reef, though
one point of the Company’s ground approaches to within 400 ft. of the outcrop of the Main Reef
series. 150 of the claims were formerly the property of the Rand Mines, Limited, and 60 that of
the Consolidated Deep Levels; these were acquired by this Company, on the basis already men
tioned. The Main Reef proper enters the property opposite No. 1 shaft (the one nearest the north
ern boundary), at about 420 ft. depth. The claims are held under claim-licenses, renewable in
perpetuity, in accordance with the Gold Law of the South African Republic. In August, 1895, the
Company received 26'4834 claims from the Simmer and Jack Gold Mining Company, giving therefor
a mining area of approximately the same size. The exchange straightened the boundaries of both
properties. It further acquired half of the Spencer block of 14 claims. (For plan, see Volume III.)
MINING INTELLIGENCE—Reefs : In the Geldenhuis Deep there are two workable reefs, the
Main Reef and the Main Reef Leader. The Main Reef varies from 3 to 8 ft. in thickness, the
average width being 5 and 6 ft. The vein is separated from the Main Reef Leader by a bank of
sandstone from 3 to 6 ft. thick. The leader is from an inch to 3 ft. wide, occasionally occurring in
two bands, and its average width is 8 in. In calculating the ore development of the two reefs an
average workable width of 6 ft. is taken. At December 30, 1894, this calculation would give
560,000 sq. ft. upwards, giving something over 250,000 tons of ore. Quality of the Ore : This
has not been definitely determined as yet. The development drives are run under the footwall
of the Main Reef, and expose little of the reef. The lower half of the Main Reef only assays 3 to
4 dwt., the upper half being much richer. 72 assays made during 1894 from the Main Reef yielded
from 2 oz. 14 dwt. to a trace, the average being 9 dwt. During 1894, 19 assays from the leader
varied from 1 oz. to 17%- oz., the average width of 8 in. giving an average of 6§ oz. During Feb
ruary, 1895, 13 samples of Main Reef Leader (width, 7 in.) gave 5 oz. 7 dwt. 12 gr. per ton, while 25
samples of Main Reef (width, 3 ft.) assayed 16 dwt. 7 gr. The calculations are, however, being based
upon the results of the outcrop company (Geldenhuis Estate), 366,000 tons from which have been
milled, and have given 255,000 oz. of gold, worth 708. per oz., equal to 13 dwt. or a value of 45s.
per ton. 15,000 tons of Main Reef have been extracted from the drives, principally constituting the
lower portion of the Main Reef, and havin a value of 4 to 5 dwt. only. Mill: Will be started
in October with 100 stamps. During the first month it will be difficult to supply ore of medium
grade, as the first stoping will all be from the Main Reef. A 200 head mill has been ordered, but
it is intended to run 100 stamps only at first. Water: \Vill be obtained from the Rand Mines
reservoir on the Natal Spruit.
MINE DEVELOPMEN'I‘.—The mine is being developed by means of two vertical shafts. Shaft
 IVITWA TERSRAND MINES. I I7

No. 1 is located 1,500 ft. west of the east boundary, and 390 ft. south of the Company’s northern
boundary. It is situated 1,630 ft. from the outcrop of the Main Reef series on the Geldenhuis
Estate. Its dimensions are 12x4 ft. in the clear. At a. vertical depth of 465 ft. the South
Reef was struck, but it is poor, and is not being worked by the outcrop company. At 545 ft. the
Main Reef Leader was cut, assaying 8 oz. 12 dwt. per ton over a width 2 to 8 in., and 3 oz.
6 dwt. over a width of 12 in. Then followed 6 ft. of sandstone, and then the Main Reef was
struck, having a width of 8 ft. The first 5 ft. assayed 21 to 24 dwt., and the bottom 3 ft.
4} dwt., giving an average of 16% dwt. No. 1 Shaft was sunk to a vertical depth of 583 ft.
‘December 7, 1893) and then turned on the incline. At December 31, 1894, it had been sunk 473 ft.
on the incline beyond the vertical. At this point the shaft is 2,200 ft. from the outcrop of the
Main Reef series and 900 ft. from the Geldenhuis Deep’s north boundary, measured on the slope of
the vein. At the end of June, 1895, the incline had a depth of 691 ft. from the bottom of the
vertical shaft, 56 it. having been sunk during June. The average dip of the reef from the
outcrop to the bottom of the vertical shaft, No. 1, is 20°. In No. 1 shaft five levels have been
started, viz. Nos. 2, 3, 4, 5, 6. These are 200 ft. apart, there being 800 ft. of backs above No. 5 level.
The levels average 700 ft. in length, making a development by the drives of (December 31, 1894)
800x700 ft.=560,000 square superficial feet. Between the bottom of the vertical shaft and
the Company’s northern boundary there are some 420 ft. of backs. At a depth of 495 ft. (vertical)
a cross-cut north, 190 ft., cut the Main Reef. This is called No.2 level. Total drivage, June
30, 1895: east, 622 ft., and west, 537 ft.; totalling 1,159 ft., 47 ft. being driven during the
month. At 562 ft. (vertical), or the point where the shaft cuts the Main Reef, No. 3 level was
started. Total drivage, June 30, 1895: east, 620 ft., and west, 1,114 ft.; totalling 1,734 ft.,
24 ft. being driven during the month. At 200 ft. on the incline from the bottom of the vertical
shaft No. 4 level is driven. Total drivage (June 30, 1895): east, 434 ft., and west 813 ft.,
making a total of 1,247 ft., of which 43 ft. was driven during the month. At 200 ft. further
south on the incline, viz. 400 ft. from the bottom of the vertical shaft, No. 5 level has been driven.
Total drivage (June 30, 1895): east, 439 ft., and west, 715 ft.; total, 1,154 ft., of which 144 ft.
was driven during June. Level No. 6 was started in June, 30 ft. being driven. During June,
1895, winzes were sunk 87 ft., total 678 ft., and rises were made for 208 ft.; total, 1,296 ft.
No. 2 Shaft is 19.} X51; ft. in the clear, and is sunk vertically. It is located 1,400 ft. west
of No. 1 shaft, and 700 ft. south of the north boundary. At December 31, 1893, vertical depth,
431 ft. At December 31, 1894, vertical depth, 780 ft., 349 ft. having been sunk during 1894.
At March 31, 1895, vertical depth, 828 ft., 45 ft. having been sunk during March, and 3 ft. during
February. At a depth of about 900 ft. vertical, the Main Reef is estimated to be struck. Levels
3, 4 and 5 have been driven, and the reefs have been intersected by cross-cuts north, viz.: No. 3
level at 526 ft. distant from shaft; No. 4 level, 371 ft. distant from shaft; No. 5 level, 100 ft.
distant from shaft. A few feet further sinking of the shaft was estimated to catch the reef in the
shaft. Measurements, June 30, 1895: No.2 Shafl, 3rd level, east, 265 ft.; west, 430 ft.; total,
695 ft., of which 45 ft. driven in June. 4th level, east, driven 428 ft.; west, driven 431 ft.;
total, 859 ft., of which 60 ft. driven in June. 5th level, east, driven 354 ft.; west, driven 253 ft.;
total, 607 ft., of which 126 ft. driven in June. Level No. 6 was started in June, 71 ft. being
driven. Total cross-cuts driven, 1,058 ft. The total measurement show that at June 30, 1895,
1,200 ft. had been driven and sunk during June, bringing the total up to 13,248 ft.
NUl'l-S 0N GENERAL EQUIPMENT or THE MINE—N0. 2 Main Vertical Shafi: This shaft is
sunk vertically to 555 ft. (where the reef is met with) and continued on the di of the reef to
650 ft. Dimensions inside timbers, 12 ft. x 4 ft. 6 in. ; timbered to 555 ft. The sha t is divided into
three compartments, two hauling-ways and pump-way. Pump: A Fraser & Chalmers’ Cornish
pump, driven by one 150 h.p. Corliss tandem engine. Hauling: The head-gear is constructed in
wood, 80 ft. high, and the ore hauled by self-tipping skips of 2 tons ca acity. There are two
winding engines at this shaft. A Fraser & Chalmers fiat rope double m winding engine is
driven by a 250 h.p. Fraser & Chalmer‘s engine, and there is one round rope hoisting engine of
the same power. Compressor Plant : Air-compressing is done by one 300 h.p. triple expansion
engine, by Riedler, of a capacity of 30drills, and one Ingersoll-Sergeant with a capacity of 12 drills.
Crusher: Crushing is done at this shaft by two “Comet” crushers of the largest size (size E).
The ore from No. 1 shaft is also crushed at this station, whence it is conveyed by an elevated team
and rope haulage.
No. 1 Shafi : This shaft is sunk to a depth of ft., and strikes the reef at 824 ft. It con
tains three cage-ways, pump- and ladder-way. Hauling is done by one double drum Tangye
hoisting engine of 100 h.p. The ore is conveyed by rope haulage to shaft N0. 2, where the crush
ing station is constructed. Pumping : The pumping plant is the same as for No. 2 shaft.
Mill : The milling plant consists of 200 stamps, Fraser & Chalmers, in two rows of 100 each,
placed back to back with large ore bins in the middle. The framing of the ore bins is made of
Oregon timber, 12x 12 ft. The uprights, standard and sills of the mill are of karri wood, and
118 WITWA TERSRAND MINES.

the mortar boxes will be laid on a frame of hard wood (karri wood and iron wood) which will rest
on concrete foundations, 6 ft. x 5 ft. 6 in. x 11 ft. 6 in. Mill engine .' This vertical compound triple
expansion engine, by Benjamin Goodfellow, is of 750 h.p., with an alternate engine, by H. T.
King, of 200 h.p. This engine, in addition to the milling plant, tailings wheel, etc., will drive
the crushers and three dynamos, by Siemens &. Halske, of a power of 500 lights each. When the
mill engines are at a standstill, this plant will be driven by the auxiliary engine. Boilers : Steam
will be supplied to the above plant by 10 Fraser & Chalmers’ boilers of 125 h.p. each, fitted with
Green’s economizers, and stack, 8 ft. 6 in x 147 ft.
Cyanide Works: From the mill the tailings will be elevated by a tailings wheel, 40 ft. diameter,
and discharged into spitzkasten for the classification of tailings in three difi'erent grades. The
slimes will be carried by gravitation into two large slime dams, to be treated at some future time.
The cyanide plant will consist of 20 steel tanks, being 10 tanks, 31 ft. 6 in. x 10 ft., placed im
mediately above 10 other tanks, 28 x 12 ft. Partial treatment will take place in the upper tanks
and be completed in the lower. All tanks are fitted with 4 doors each, for bottom discharge. After
complete treatment, the tailings will be carried to dump by means of endless rope haulage.
Water-service: The water will be pumped from the Natal Spruit by means of 3 sets of double
rain pumps, driven by one 160 h.p. tandem condensing engine, and conveyed to a reservoir, where
it will be pumped again to the mill's tanks by means of a set of 12 plunger pumps, 10 ft. x 15 ft.,
single action. Workshops: Power is supplied to the workshops by one Fraser & Chalmer’s horizontal
surface condensing Corliss engine, 100 h.p. This engine drives: (Fitters) one 20 ft. lathe; two
10 ft. lathes ; 2 drilling machines, planing, shaping, boring, screwing, and bolt screwing
machines; (Carpenters) 1 circular saw, 1 cutting-off saw, 1 re-sawing machine, planing, drilling,
and mortising machines; 1 band saw and wood lathe. Forge, and boiler makers .' This department,
contains 16 forges with 2 Star brand blowers, puncturing machines, one 6 ft. roller for boiler
plates, and one 1,250 lb. steam hammer. Siding: The store and workshops are connected by siding
with the Netherlands Railway. This arrangement allows the delivery of all the heavy plant at
the works.
GENERAL REMARKS.-—The intention of at first starting 100 stamps only of the 200 in course of
order and erection is fully justified by the explanations given by the general manager, Mr. H. C.
Perkins, who states that the stopes in their contracted state will not afford room for the breaking
away of the enormous quantity of ore required for the 200 stamps; also that it is not likely that
at the outset of the exploitation a sufficiently large staff of efficient workmen will be available.
One may add that the run of a mine wants to be obtained in a somewhat similar way to the run of
a large commercial concern—gradually. The ore developed by the time the first 100 stamps will
be ready to start, will probably exceed 800,000 tons, or be not far short of a million tons, which is
a guarantee for the successful running of double the number of stamps later on. With the large
plant in course of erection it may be confidently expected that working costs will not exceed 258.
per ton, comparing favourably with that of the outcrop companies. Taking the reefs exploited by
the outcrop companies only, it is estimated with practical certainty that it would take 100
stamps fully 40 years to exhaust the ore in the Company’s property.

GELDENHUIS ESTATE AND GOLD MINING COMPANY

(ELANDSFONTEIN No. l.)I LIMITED.
Formed in 1887.
CAPITAL—£200,000 in £1 shares; all issued and fully paid up.
Directors.
W. H. Rooms (Chairman), 0. MARX, G. FARRAR, F. LOWREY (alternate G. RICHARDS), and
F. VON Hassnn'r.
London Agents.
Cnas. RUBE, Jorm PADDON, C. MURRAY, and H. Zonrrarrz.
Mine Manager.
CAPTAIN HOFFMANN.
Secretary and Head Qfii'ce.
H. D. SOLOMON, Consolidated Gold Fields Buildings, Johannesburg.
London Secretary and Ofiice.
ANDREW MOIR, 120, Bishopsgate Street Within.
CAPITAL CnANoEs—Original capital £80,000, of which £62,000 went to the vendors, £5,000
 WITWA TERSRAND MINES. 119

held in reserve, and working capital £13,000. The 5,000 reserve shares were sold in April, 1888,
for £8,750. The Company was then called the Geldeuhuis Gold Mining Company. At the close of
that year the capital was increased to £120,000 by creation of 40,000 new shares, of which 13,500
were held in reserve and 26,500 were em loyed to acquire the freehold farm Elandsfontein No. 1.
After this the Company was called the eldenhuis Estate and Gold Mining Company. A small
portion of the reserve ground and homestead lands was sold and transferred to the Geldenhuis
Main Reef Gold Mining Company for 60,000 shares in that Company, which were distributed
amongst the shareholders inthis Company at the rate of one share for every two of their holding.
A year later the former owner of the farm bought back 100 acres of the homestead for the sum of
£3,000, and at the same time the reserve shares were sold at a premium of £15,656, realizing
altogether £29,156. In June, 1890, a scheme for the amalgamation of the mine with the
Jumpers—the combined Company to be styled the Jumpers-Geldenhuis Estate and Gold Mining
Company, Limited, with a nominal capital of £250,000—fell through. In January, 1892, the
capital was increased to £175,000 by the creation of 55,000 new shares, 41,000 of which were given
to the Stanhope Geldenhuis Deep Level Gold Mining Company in part payment of their 44 claims
and 3 water-rights, and all plant and machinery. Some time previous to this, 2% of the same claims
were leased to the Stanhope Geldenhuis for a period of 10 years, which brought in to this
Company a total amount for rent of £8,250, paid in advance. Under the new arrangement these
same claims reverted to this Company. Besides the 41,000 shines the Stanhope Geldenhuis
received £20,000 in cash, which was provided for by the sale of the 14,000 remaining shares to
the shareholders in this Company at 308. per share. 2,090 of these shares were not taken up at the
time, the balance of 11,910 giving in all, at 30s., £17,865. During the half-year following the 2,090
reserve shares were disposed of, and realized in all £6,498 28. 6d. In September, 1893, the capital
was finally increased to £200,000 by creation of 25,000 new shares for the purpose of completing
new works. 12,500 of these shares were immediately issued at £4 per share, giving the Company
fresh working capital to the amount of £50,000; the remaining 12,500 shares were issued in April,
1894, to shareholders at £4 53. per share, realizing in all £53,125. Total of capital supplied and
received, £189,644 28. 6d. Total premium realized on shares, £107,894 2s. Gd.

ACCOUNTS AND FINANcEs.—Accounts were formerly made up half-yearly to March 31 and

September 30 respectively, but since March, 1893, accounts have been closed yearly only. The
last increase of the capital did not suflice to complete the extensive new works erected by the
Company, and at the close of last financial year (March 31, 1895) the Company had an overdraft
at the Standard Bank of £100,263 118. 3d. Provision was, however, made to cover this amount
by the sale of about 9.} claims to the Treasury Gold Mining Company, which has since been com
pleted, giving the Company 35,000 fully paid up shares in the Treasury Gold Mining Company,
Limited. These shares were immediately sold at £4 per share, giving the Company some £140,000,
or ample to pay off the whole of the indebtedness and to leave a substantial sum to meet
future emergencies. This arrangement enabled the Com any to pay a dividend of 30 per cent.
in J1me, 1895. Extracts from balance-sheet and profit an loss account as at March 31, 1895 :—

Balancc-shed, March 31, 1895.

Liabilities. £ a. d. ; Assets. £ 8 d.
To Capital account 200,000 0 0 ' By Property accountzmynpacht,
,, Sundry creditors 8,018 10 1 ‘ estate and claims 123,359 2 0
,, Native labour suspense a0- 1 ,, Battery 100,000 0 0
count 1,219 10 7 ‘ ,, Buildings 34,101 0 O
,, Dividend account: unclaimed ' ,, Machinery and plant 111,655 11 6
dividend 317 19 6 , ,, Permanent works 12,533 0 0
,, Overdraft, Standard Bank 100,263 11 3 ,, Dam and water-rights 9,045 0 0
,, Balance: profit and loss 109,866 2 1 ,, Quartz on hand 2,020 0 0
,, Live stock and furniture 773 15 0
,, Tree plantation 1,000 0 0
,, Sundry debtors 1,678 0 7
,, Investment: Rand Mutual 660 O 0
, ,, Stores - . 14,326 0 O
l ,, Gold in transit 7,900 O O
I ,, Cash 316 4 11
F ,, Dividend account 317 19 6

£419,685 13 6 I £419,685 13 6
I20 WI T WA TERSRA ND MINES.

Profit and Loss Account (No. 1) for year to March 31, 1895.

Dr . £ 9' F“ Cr.
To \Vorking expenses— By Gold account
Mining . ... 48,570 ‘NJ
QDMU QGDGDZO
woo mimw
wqw wm ,, Concentrates
Hauling and pumping 15,470
Transport of quartz 3,811 H
Milling 25,863 a-*
H
Mine development 32,879
Charges ... 6,184
Cyuniding 22,205

154,985
,, Balance to No. 2 account 48,823

£208,809 £203,809 2 5
l

Profit and Loss Account (No . 2) for year to March 31, 1895.

Dr. £ Gozwemop 8' Cr. £ 8. wowomwg

To Audit fees 105 O‘O O ®O By Balance, March 31, 1894... 80,907 4
,, Difference on concentrates 83 Balance, No. 1 account 48,823 13
,, Depreciation 43,366 H Profit on sale of water-right 5,750 0
,, Insurance 358 p-A
Estate account 1,921 2
,, Insurance, employés 116 New issue account 40,625 0
,, Special charges 1,100 _. ‘~<_.~ Rent account 189 3
,, Interest 3,219
,, Dividend account—
No. 7, 10 per cent. on
£200,000 . 20,000 HO
,, Balance 109,866

£178,216 £178,216 3 10

Statement of Revenue from and Profit and Loss on actual working operations since inception
of the Company.
7 1
‘Revenue ‘from gold‘
Period. account, mclud Revenue from
tailings sold.in g} other sources‘ II Profit. Les
1
1 £ a. d. £ a. d. ‘ £ a. d. #1 a. d.
Half-yeartoMarch 31, 1888 , 6,389 19 11 131 17 11 1 4,100 5 0 —
,, ,, Sept. 30, ,, 1 4,359 8 6 191 4 3, —- 4,120 14 4
,, ,, March 31, 1889 ,1 10,093 18 2 227 5 10 ‘ 3,816 19 8 ——
,, ,, Sept. 30, ,, ' 1,256 3 4 1,214 0 2 — 5,505 13 2
,, ,, March 31, 1890 l _ 8,136 1 s - 1,716 5 2
,, ,, Sept. 30, 1891 , 71,159 6 10 2,187 19 9 , 22,853 1 8 ——~
,, ,, March 31, 1892 3 76,641 1 1 , 346 18 7 31,724 19 9 ——
,, ,, Sept. 30, ,, 1 96,765 16 101 579 8 7 ‘ 10,646 9 11 -—
,, ,, March 31,1893 1 84,586 18 9 695 18 7 1, 24,934 0 11 —
Year ,, ,, ,, 1894 I 179,926 4 2 2,909 16 4 1 48,413 9 3 —
,, ,, ,, ,, 1895 203,809 2 5 7,860 5 11 8,333 17 10 —

7% years total ‘£734,988 0 0 £24,180 17 7 £154,823 4 0 £11,342 12 8

 FVITWA TERSRAND MINES. I21

, Rccapitulation. £ 8_ d_
Total revenue from gold account 734,988 0 0
,, ,, ,, other sources 24,180 17 7
,, ,, up to March 31,1895... £759,168 17 7
£ 9. d.
Profits made 154,823 4 0
Less losses 11,342 12 8
Balance of total profit made on March 31, 1895 £143,48llll 4
The actual profit for the last financial year was comparatively low, but this is, in the first instance,
due to the writing ofl‘ of a very large amount for depreciation, namely £43,366 48. 10d., which was
done to bring down the value of all the discarded plant and that in use to their actual current
value; secondly, the closing down of the mill for more than a month for the purpose of coupling on
the 40 new stamps, and all the incidental additional expense, necessarily caused by the completion
of new works, were further reasons for the small profit shown during the period.
DIVIDENDS PAID :— Per cent. £ .11 d.
Dividend No. 1 declared March 31, 1888 5 4,000 0 0
,, ,, 2 ,, December 31, 1891 15 18,000 0 0
,, ,, 3 ,, September 30, 1892 10 17,500 0 0
,, ,, 4 ,, March 31, 1893 10 17,500 0 0
,, ,, 5 ,, September 30, 1893 15 26,250 0 0
,, ,, 6 ,, March 31, 1894 20 37,500 0 0
,, ,, 7 ,, October, 1894 10 20,000 0 0
,, ,, 8 ,, June, 1895 30 ' 60,000 0 0
115 £200,750 0 0
Besides these dividends there was the distribution of the 60,000 Geldenhuis Main Reef shares in
1888, representing, at the value these shares had at that time (308.), 75 per cent. on the capital of
this Company.
Dmans or PRoDUC'r10N.—The mill originally owned by the Company was a 20-stamp mill
0f Robey’s make, which was shut down in April, 1889, after which no milling operations were
carried on for nearly two years. In the meantime a 40-stamp Sandycroft mill of 900 lb. was ordered.
In January and February 1891, milling was carried on again at the Jumpers mill with 101 )
stamps, which served to free the Company of debt, and left £20,000 in hand. In June, 1891, 50
stamps again were leased, at a charge of £2,250 per month, and in 4 months over 10,000 oz. of gold
were won. This continued till October, 1892, when the Com any again started milling with its
own battery, the new 40-stamp Sandycroft mill. Towards tlie middle of 1893, 40 stamps were
added to the battery, and in February, 1895, 40 more; so that in March, 1895, the full 120 stamps
were at work, and have been kept at work ever since. Cyanide works were only started in August,
1894, with a capacity of 20,000 tons per month, and have been working smoothly, the direct process
having been adopted.
Tofal Gold produced and value.

Peri;- Gold produced. l Value realized.

TAWWIAW 7“ n " _ f ' "E .. .1.
4months, to March 31,1888 1,881 i 6,389 19 11
6 3 ,, Sept 30, ,, 1,453 4,359 8 6
,, ,, ,, March 31, 1869 2,833 ' 9,916 19 5
2 Feb. 28 1891 8917 , .
4 I: 1: Sept. 30: ,, 10,690} g ‘1,159 6 10
6 ,, ,, March 31,1892 21,019 76,641 1 1
3 n 11 Sept- 80, ,, 26,109 96,024 1 0
n n 17 March 31, 1893 ... 23,263 84,369 17 9
12 ,, ,, ,, ,,1894 50,773 179,926 4 2
,. ,, ,, ,, ,, 1895 63,767 203,109 2 5
Totals 210,705 j £732,597 1 1
The value realized is given as in the half-yearly reports. Gold in transit, however, frequently
realized a somewhat higher price than that set against it. '
I 22 WITWA TERSRA ND MINES.

Milling Returns.

Month. Stamps. Tonnage. Smelted gold. Average per ton.

oz. dwt. dwt.

1894. April 80 9,100 3,530 18 7'76
May 80 9,591 3,354 12 6'99
June 80 9,034 4,120 7 9'12
July 80 1, 9,270 3,548 4 7'65
August 80 , 10,206 l 3,724 6 1 7'29
September 80 9,253 4,014 7 [ 8'67
October 80 ' 10,386 ‘ 3,444 18 1 6'63
November 80 10,056 3,637 3 1 723
December 80 9,907 1 3,798 4 l 7'66
1895. January 80 10,249 4,168 18 8'13
February 80 1,832 l 430 6 4'69
March 120 7,944 , 2,444 1 6'15

, 106,828 1 40,216 4 783

And concentrates equal to 2,687 ounces of gold.

Previous Returns of Gold.

Period. Tons. Yield. Average per ton.

oz. dwt. oz. dwt.

From December 1, 1887, to March 31, 1888 1,026 1,896 10 1 16'96
,, April 1,1888, ,, Sept. 30,1888 1,457 1,464 13 1 0'10
,, October 1, 1888, ,, March 31, 1889 3,272 2,833 16 0 17'32
,, January 1,1891, ,, Feb. 29,1891 7,023 8,919 0 1 5'39
,, June 1,1891, ,, Sept. 30,1891 12,103 10,690 5 0 17'70
,, October 1, 1891, ,, March 31, 1892 21,397 21,019 17 3 19'30
,, April 1,1892, ,, Sept. 30,1892 49,836 26,109 1 0 10'48
,, October 1, 1892, ,, March 31, 1893 31,707 21,968 17 0 13'85
,, April 1, 1893, ,, March 31, 1894 98,141 48,034 13 I 0 9'79

225,962 142,030 12 l 0 12,05

Cyanide Works.

Period. ‘ Tonnage. ‘ Yield. Yield per ton.

W —A oz. dwt.

Eight months ending March 31, 1895 20,864 , 3'81

Working Costs .' Mine and Mill.

Hauling andi Mine de
Half-year ending Mining. pumping Tramming. Milling. velopment_ Charges.

8 d. a. d. l s d. I a. d. l a. d. s. d.
March 21, 1892 7 5 1 10 1 2 12 9 i 2 8 1 11
Sept. 30,1892 7 6 1 3 i 1 2 l 9 1 3 2 0 10
March 31,1893 9 2 2 0 1 O 8 0 6 7 1 1
March 31, 1894 7 9 1 11 0 9 5 3 5 1 1 1
March 31, 1895 9 o 2 10 0 8 4 10 I 6 1 1 1
l
 WI T lVA TERSRA ND MINES. 123

Analysis of Working Expenses for the Year ending March 31, 1895.

Minintins.
107,921 . Hauli1,087,921
and tldnsp
um in g . Trans ort oftoilis.
107,921 uartz. Millintgns.
106,828 .

é - I .s {g :2 a is g :2 c, .s g z6 a +5 5

Account. V5’g 5 05. m

5:2 25 :1. .
85 a: a,
5's F!
8 g, _
~,»= w a
we GI
a _.. _
‘g
i‘. w- . E 8 aw E 8 a- E O 8 Eu 5 g
s ° <1 0 > ° 4 o > ° < O > ° <1
<1 I m <1 __ A! <— i _‘ 4 i i if 4_
£ a. d. 5‘. a. 11. f, d, £ a. d.
White wages 44 10,750 1 11'91 16 3,929 8'73 33 687 1'53 27 7,361 1 4'53
Native ,, 586 20,565 3 9'74 151 5,332 1185 58 1,866 4'14 98 3,710 8'34
Food — I 2185 4'86 -— 450 1'00 — 82 '08 -- 361 '82
Manager -— I 445 1'00 — 33 '07 — -— -— — 579 1'90
Fuel... _ I 1,713 3'80 -— 3,946 8.77 — 85 '18 - 8,333 1 6'70
Explosives - 8,026 1 5'84 — — — -— —- - — -— -—
Maintenance — I 865 1'93 — 695 1'55 -— 150 '34 -— 3,135 7'04
Timber - 1,190 2'52 — ; 2 '01 — - _ - —- -—
Tools — I 858 1'90 —- ‘ -— -— —- — - - 329 '74
Sundries I _ 467 104 - I 279 as _ 897 1-99 - 467 105
Candles I — 1,369 3'04 — 390 '86 — -- -- — 4 '02
Engineer _ 171 as - I _ - _ _ - __ 141 as
Lubricants...
Chemicals —
— , —26 —05 -- l
— 414
— —'93 —
_ 94
-- '21
-_ —
_- 974
141 2'13
'32
Mercury —- —— — — —- — — —- -— - 149 ‘34
Transport of
concentrates \ — _ __ _ __ _ _ __ __ _ 179 ,40

I 48,570 9 0'01 I 15,470 2 10'40 3,811 8'47 25,863 4 10'10

Mine development. Cyaniding. Charges.

107,020 tons. 109,465 tons. 107,020 tons.

zo .' 8'r: *- e':1 I *

EL .
Account. Account 3 ' E. 2 Account. I "6' I a 8
. Q... s 3r l B | 3“
I z 0 4 O I q , 0

£ a. d. S ‘ a. d. I 5} I a. d.
\Vhite wages 41 I 13,104 2 5'39 9 White wages 2,184 ' 4'79 Salaries I 784 1'76
Native ,, 85 i 3,195 7'18 30 Native ,, 428 I '94 Printing, etc. | 715 1'60
Food .. —- 638 1'43 — Manager in I '43 Sundries I 1,699 88)
Manager . — I 404 '91 — Engineer 143 I '32 Cables l 74 '16
Fuel ; — 5,013 11'25 Hauling and ‘ London office 375 '85
Explosives -— I 6,649 1 2'90 — discharging 5,810 I 1 0'74 Directors’fees 1,250 2'81
Maintenance — 1,906 4'28 — Fuel... 1,249 , 2'74 Licenses I 733 I 1'65
Timber — 1 139 '81 — 37 I '08 Legal 244 '54
Tools — I 395 '88 —- Cyanide . 9,774 1 9'44 Chamber oil '24
Sundries ~—— 284 '63 -— Chemicals 296 '64 Mines I 105
Candles — I 387 '86 — Zinc . 671 I 1'48 Stable Acct. 205 I '45
Engineer — ' 141 '31 — Lime 510 | 1'12 3
gflbriesnlts - I a 1-40 _ Sundries 81 I -17 l
emica s -— —— -— -— Tools 123 '26
Mercury —— —- — — Candles 10 '02 l
Transp'ort of _ wricants... 64 x134 I
concen rates — — — — a... 140 '_ 1 ‘
—- Maintenance 485 I 1'06 I

I 82,879 6 ms 22,205 I 4 0'68 , 6,184 ‘1 186

124 WITWA TERSRAND MINES

DEsCRIPI‘ION OF THE PROPERTY.-—The minin area (mynpaeht and Stanhope Deep) forms nearly
an oblong, 4,200 ft. in length by 2,900 in dept‘h. Out of this area the Treasury has a small
oblong block of 4 claims on the dip, near the south—west corner. Also on the east boundary, about
half-way down it, the Stanhope has a block of 10 claims on the outcrop. The mine may be
divided into three portions. (1) The west block, or Percy section, on the west boundary, in
length 500 ft. on the outcrop, till the fault occurs. (2) The central block, from the fault
to the Stanhope boundary, being about 2,000 ft. on the outcro . (3) The Stanhope Deep,
acquired in 1892, and comprising 42 claims on the dip, below t e southern boundary of the
central block above noticed, and of the Stanhope Gold Mining Company. The freehold estate,
Elandsfontein No. 1, extends over about 4,698 acres. As it lies mainly to the north of the mynpacht
(the mining area) and of the reefs, it has a secondary value. The mynpacht and the Stanhope
Deep together comprise about 72k mining claims, of which about 8 have been exhausted. Besides
the several dams on the estate, the Company also has a share in the Simmer and Jack dam, to the
south, and in their water-right. In 1895, 9'4 claims (included in above, and including Section No. 1)
were sold to the Treasury Gold Mining Company, Limited. These claims include a few claims on
the outcrop and their dip, but containing a portion of the reef west of a big break which separates
by about 800 ft. the one portion from the other. The mining area is now one compact block, the
length on the outcrop being about 2,000 ft., and the dip averaging about 1,400 ft., then a further
length of reef on the first dip of about 1,250 x 1,000 ft. of dip: say over 60 claims of actual mining
area altogether. (For plan of property, see Volume III.)
MINING INTELLIGENCE.——R€€f8 .' The North and Main Reefs enter the property from the
Treasury claims (old Percy) on the west, about 500 ft. from the northern boundary 0 the mynpacht,
but only run parallel to that boundary for a distance of 300 ft., when a fault occurs. Their dip in
this portion is 62°. 900 ft. to the southward, the series, now North, Middle and South Reefs,
reappear, with a direction slightly inclined to the south-east, and traverse the central portion of the
mynpacht to the Stanhope block, with an average dip of about 33°. The North Reef has an average
width of from 4 ft. 6 in. to 5 ft., and from it at present the milling ore is derived. The Middle and
South Reefs have had little work done on them, as, where out, they have not roved of great value.
Should they, however, prove payable, of a value of 6 or 7 dwt., the life of t e mine would be at.
least doubled. Some good ground is just now being opened towards the eastern (Stanho )
boundary, as the hanging leader runs from 5 to 20 oz., with a width of several inches. he
average distances of the reefs from one another by a cross-cut are as follows: North to Middle Reef,
18 ft. ; Middle to South Reef, 60 ft.
DEVEwPME.\'T.—In the west section little has been done of late. The levels here cannot
exceed 300 ft. in length, and cost of sinking and developing is consequently higher than with the
rest of the mine. Ore Reserves: The ore reserves are made up as follows: Main and Stanhope
deep level sections :—
3rd level 14,376 tons
4th ,, 58,786 ,,
5th ,, 86,786 ,,

159,958 tons.

This total is actually undermined, and in addition to it the surface reserve hea has about 6,000
tons. The whole amount would keep the 120-stamp mill going nearly a year. 11 the central sec
tion, on the 1st, 2nd and 3rd levels development is almost complete: only 160 ft. remain to be
pushed to the east boundary. These upper levels can range to 2,500 ft. in length. All levels
below these reach below the Stanhope, and have therefore a length of some 3,600 ft. On the 4th
level 3,145 ft. are developed; on the 5th, 2,655 ft.; the 6th has but 60 or 70 ft. at present. The
number of claims exhausted is about 8. There remains to be developed in the upper levels :—
lst and 2nd levels 440 ft.
3rd level 290 ,,
4th ,, 455 ,,
5th ,, 945,,
6th ,, 3,530,,

Total 5,660 ft.

The levels below this will have a length of about 3,600 ft.
EQUXPMEN'n—East Incline shaft: This shaft is sunk to a depth of 630 ft., dipping 32° :
dimensions 17 ft. 6 in. x 6 ft. 1 in. inside timbers. It is divided into 2 hauling-ways, and pump- and
ladder-way. The ore is raised in self-tipping trucks of 40 cubic feet. Sorting-floors: The ore
 W'] T IVA TERSRA ND MINES. ' I25

is tipped on grizzly bars, washed, and sorted by hand ; it is then carried to the crusher-house by
means of endless rope wire haulage. Pumps : The shaft is drained by one 3-throw pump, 6 x 10 in.
This pump is driven by electricity obtained from the dynamos at the mill. There is, however, a
duplicate plant driven by steam in case of breakdown of the electrical plant. Hauling: Winding
is done by a pair of R. Daglish horizontal geared engines, independent drums, depth indicators,
120 h.p., cylinders 16 x 36 in. Boilers : Steam is obtained from 2 Ruston & Proctor boilers of 80
and 100 h.p. respectively.
Main Incline shaft—Sunk to a depth of 755 ft., dipping 32° ; dimensions, 17ft. 6 in. x 6 ft.1 in.
The shaft is divided into 2 hauling-ways, and pump- and ladder-way. The skips contain 40 cub. ft.
The head-gear is constructed of wood, and the sorting plant is exactly the same as in the east
incline shaft described above. Engine-house covers 1 R. Daglish condenser, 1 ft. steam piston,
1 ft. plunger, 1 ft. air pump-piston, all in a straight line. Air compressors : This plant consists of
1 Sandycroft 12 drills, 18 x 36 cylinders, air and steam ; 1 Ingersoll compound air and steam
cylinders, 18 and 34 x 42 in. Steam is supplied to the hauling plant, compressors, and workshop
engine by 4 Ruston &. Proctor boilers, 100 h.p. each, and 2 Babcock & Wilcox 86 h.p. Crusher
station : The crusher station is erected between the east incline and the main incline shaft. The
sorted ore is taken to the station by mechanical wire rope haulage. Crushing is done by 2 No. 5
Gates’ crushers. The ore is then discharged into trucks and taken to the mill. The crushers and
haulage from the 2 shafts are driven by 1 Ruston & Proctor horizontal engine, 16 x 30 in., 50 h.p.
At the station is also erected a small mill for sampling and assaying. Workshops (Fitters): Power
is obtained from a separate engine by Ruston & Proctor. They contain 3 lathes, drilling, screwing,
and planing machines. Forges: 0 forges, fitted with blowers, shearing and punching machines,
and steam hammer, 1,250 lb.
Mill: Milling is performed by 120 stamps—being 80 stamps of 950 lb. and 40 stamps of 1,050
lb. constructed by Sandycroft. 16 Frue vanners, and ore bins of 3,000 tons capacity. Mill engines :
The mill is driven by one 750 h.p. compound vertical engine by Yates &. Thom, and is provided
with an auxiliary engine, 250 h.p., by Marshall & Co. Condensers: The condensing plant is fitted
with 640 brass tubes, 23 in. vacuum cylinder, 21 and 42 x 48 in., fitted with Dobson’s patent valve
and governor. Boilers.‘ Steam is generated in 5 boilers, marine type, 120 h.p. each. Dynamos
and Pumps : The mill engine drives, besides the mill, 1 dynamo at No. 2 pumping station, develop
ing 90 h.p., and 1 ditto to supply light to all the property. From this dynamo the pumps at east and
main incline shafts derive their power. For lighting purposes the voltage is reduced by means of
transformers erected at the engine-house at the main shaft, from 500 volts to 110 volts. Mechanical
haulage: The mechanical haulage from mine to mill is also driven by the battery engine, distance
3,6(1) ft. 100 trucks are constantly running up and down the line, delivering 850 full trucks at the
mill per 10 hours. Tram-lines.‘ 10,000 ft. of tram-line are laid underground, and approximately
18,000 ft. on the surface.
Cyanide Plant: The tailings reach the cyanide works by gravitation. The plant consists of
6 leaching vats, 60 tons capacity, fitted with side doors, through which the trucks are run in the
vats for discharging ; three 600 tons solution tanks ; 5 reduction zinc boxes ; 4 settling tanks,
fitted with rotary distributors, are in course of erection. The cyanide solutions are pumped into the
leaching vats by 2 centrifugal 4-in. pumps, driven by electricity obtained from the dynamos at the
mill’s engine. New Concentrating Plant consists of spitzkasten boxes delivering the concentrates
into 2 settling vats, 32 x 8 ft., with bottom discharge. The concentrates are then received in filtering
tanks of 45 x 5 ft., also fitted with bottom discharge, and treated by cyanide process. The tailings
are, after treatment, taken to dump by mules.
Water-service, No. 1 Station : The water is obtained from a large reservoir at the
north of the estate, and pumped direct at a vertical height of 525 ft., and a distance of 1* mile, to
the mill neservoir. Pump engine : Single Sandycroft engine, 16 x 38 in., 150 h.p. Steam is derived
from 2 Babcock & \Vilcox boilers, 86 h.p. N0. 2 Station : This station pumps the return water to
the battery, at 250 ft. vertical height, the distance being half a mile. The plant consists of one
3-throw plunger pump, 16 x 36 in., and 1 double-acting pump, 14 x 30 in., with 2 cylinders. Both
pumps are driven by electricity, but can also be driven by steam in case of the breakdown of the
electrical plant, in which case steam would be obtained from one 86 h.p. Babcock & Wilcox boiler.
Pure drinking water is obtained from a point to the east of the mill and pumped by a large wind—
mill. After filtration it is delivered by gravitation to the men’s quarters.
GENERAL REMARKS.—-The surface works being all complete, and the plant and new installa
tion being particularly fine ones, reductions in the working cost are practically certain within the
near future. Regarding the life of the mine, and taking only the North Reef into account, the
estimate being based on last year’s crushing, that is 175,000 tons per year, the life of the mine is
estimated at about twelve years. If the other two reefs prove payable when further developed, the
life of the mine would be increased.
 126 ""1 T ""11 TERSRA ND MINES.

GELDENHUIS MAIN REEF GOLD MINING COMPANY, LIMITED.

Formed in 1889.
CAPITAL—£150,000 in £1 shares ; all issued and fully paid up.
Dircrlorx.
Joan TUDHOPE (Chairman), S. SACKE, \V. F. MoRRIs, A. BENJAMIN, H. F. Conan, S. B. JOEL.
Sccretary and Head Ojfivc.
J. FRASER, Johannesburg, Transvaal.
London Secretary and Oflice.
H. L. CLARIDGE, Warnford Court, Throgmorton Street, London, E.C.
CAPITAL CnANGrs—None.
APPROPRIATION 0F CAPITAn—To vendors, 120,000 shares, 20,000 shares underwritten at par,
giving working capital £20,000 ; 10,000 reserve shares, sold during 1889 at 228. 6d., £11,250 ; total
capital supplied, £31,250.
Acooum's AND FINANCE.—Accounts are made up annually to April 30, and submitted in May.
Extracts from balance-sheet and profit and loss account as at April 30, 1895 :—
Ba lance-sheet.
Liabilities. £ a. (1. 1188013. £ a. d.
To Capital 150,(X)0 0 0 By Property .. 120,400 0 0
,, Sundry creditors 1,107 O 11 ,, Machinery and plant 12,934 0 2
,, Bills payable 380 16 7 ,, Cyanide works 3,301 3 1
,, Sundrycreditors fordividend ,, Buildings 2,171 12 9
No.1account 7,500 0 0 ,, Hauling and pumping ma
,, Balance, profit and loss ac- chinery 3,837 7 5
count 7,755 16 9 ,, Permanent works 6,977 3 6
,, Tramway 1,146 1 7
,, Dams and surface works 1,138 15 4
,, Furniture 110 17 2
,, Insurances in advance 45 0 O
,, Licenses ,, 12 10 O
,, Live stock 182 10 O
,, Stores 1,308 11 5
,, Sundry debtors 25 5 10
,, Cape Bank (in liquidation) 411 16 3
,, Cash at National Bank, and
in hand .. 12,740 19 9
£},6§2B3_14_3 £166,743 14 3
Cost per ton. __ ___- _—_‘
s. d. Dr. Profit and Loss Account, No. 1. £ 8- d
To balance from last year 595 13 8
,, Working expenses :— £ 3, d,
9 37 Mining... . .. 17,365 9 9
2 6'9 Milling... .. 4,808 11 2
1 1'3 Hauling and pumping 2,056 12 9
1 5'1 Tramming 2,655 8 8
1 4'3 Repairs and maintenance 2,510 9 7
0 2'9 Assay charges... 486 16 11
— 29,883 8 10
1 1'0 ,, General charges... 2,014 18 8
3 3'7 ,, Mine development 6,186 4 0
4 11'0 ,, Cyanide works 6,341 15 10
,, Balance to No.2 accoun 21,719 11 9
25 3'9 £66,741 12 9
Cr. 7“ 8’
By Gold won— £ 3, d,
13,639_'04 oz. from mill 47,233 5 1
6,610'32 ,, cyanide 19,408 15 6
20,249-36 oz. £66,642 0 7
,, Concentrates sold ... 99 12 2
" ' ‘ £66,741 127 9
 IVITWA TERSRAND MINES. I27

Profit and Loss Account, No. 2.

8 d. Dr. £ 8. (1.! Cr. :6 s. d.
1 37 To General charges 2,443 11 1 By Balance No. 1 account 21,719 11 9
2 2'3 ,, Depreciation 4,102 8 3, ,, Received for ground rent 60 0 0
,, Dividend No. 1 7,500 O 0 ,, Scrap-iron sold . 22 4‘ 4
Balance to next year 7,755 16 9
28 92} £21,801 16 >1 £21,803 16 1
£ 3. d.
Net profit realized for the year 15,851 10 5
Credit balance brought forward to next yea 7,755 16 9

Total Revenue, Profit, and Loss since milling operations were started.

Y...» 123311033? I £3,331,133 , Deficit. Profit.

' £ 8. d.~ £ 8. d. 1 £ 8. d. .6 3. d.
Ended April 30, 1890 12,245 10 8 171 10 5 _ 478 13 6
,, ,, 1891 21,690 19 7 157 13 0 _ 6,261 18 10
,, ,, 1892 14,005 6 10 304 13 7 2,601 19 7 _
,, ,, 1893 18,615 15 7 ‘ 329 16 9 1,587 0 7 —
,, ,, 1894 18,465 4 1 555 0 0 1 3,321 7 5 ' —
,, ,, 1895 66,741 12 9 I 82 4 4 , _ 15,851 10 5
Total m6 years 151,764 9 1 | 1,600 18 1 7,510 7 7 22,592 2 9

In 1890 the total profit on milling operations amounted to £6,103 13s. 611., less the sum of
£5,625 written off, being 228. 6d. per share on 5,000 Consolidated Investment shares, which
brought this investment down to par. The loss in 1892 was due to the entire breakdown of
the old 20-stamp mill. This resulted in a stoppage for several months, during which time
extensive repairs were carried out. In 1893 a further deficit was shown owing to the mill being
used up by this time, and proving incapable of dealing with the pyritic and harder rock. A new
25-stamp mill was ordered in consequence, and was started on March 1, 1894. The deficit in 1894
was due to the loss made on the sale of the old battery of £2,537 96. 9d., besides £444 48. 4d.
written off on a certain suspense account, leaving an actual deficit on milling operations of
£339 138. 4d. During the year ended April 30, 1895, the first substantial profits were realized,
amounting to £15,851 108. 5d., out of which a first dividend of 5 per cent., or £7,500 was declared.
During 1895 the stamping power was increased by 5 stamps, making 30 stamps in all.

Recapitulation. £ 8. d.
Revenue from gold account... 151,764 9 1
,, ,, other sources... 1,600 18 1

Total revenue realized up to April 30, 1895 £153,365 7 2

£ 8. d.
Total profits 22,591 15 9
Less deficits 71510 7 7

£15,081 8 2
Dividend N0 1, 5 per cent. on £150,000 7,5(X) 0 0
Balance of profit on April 30, 1895 £7,581 8 2
1-28 W1 TWA TERSRA ND MINES.

The “revenue from other sources” comprises interest on fixed deposits, transfer fees, ground
rents, dividend on share investment and sales of sundries. Share Investment: The Company
in 1889 invested £10,625 in 5,000 Consolidated Investment shares. These depreciated considerably
in value during the depression in 1890, and consequently 22s. 6d. per share was written off at one
time. In 1894 the Company took up 2,500 shares of the new issue of the Consolidated Investment
Company, making £7,500 in all standing under that head, the dividend received during that
year being £500. During the year following the shares were realized, as the capital was required
to meet expenditure for new plant. After providing for dividend No. 1, the Company had over
£5,000 available cash on hand. At the time of suspension of payments by the Cape of Good Hope
Bank, the Company had £6,588 1811. 9d. on deposit, which has gradually been liquidated down to
£127.
DIVIDENDS.—5 per cent. (£7,500) declared in April, 1895, and 5 per cent. (7,500) in July,
Total, 10 per cent., or £15,000.
DErAILs or PRoDUC'r10N.—Crushing operations began with 10 stamps in December, 1889,
until gradually 20 stamps were at work. Several breakdowns were experienced with this second
rate plant until it became utterly incapable of disposing of the rock, which in the meantime
had become much harder. The new 25-stamp mill was started in March, 1894; and at the same
time a cyanide plant capable of treating 3,000 tons per month was completed. In October, 1894,
a further 5 stamps were put to work, making a total of 30 stamps.

Tonnage crushed, total yield, and yield per ton.

Year. 1 0 Tons crushed. ’ Total yield. 1 Yield per ton.

Ended April 30, 1890

1 2,743
..
3529-15
l‘ 1.1?‘ * ‘
2573
,, ,, 1891 1 9,259 606410 13-08
,, ,, 1892 1 7,583 3383-70 890
,, ,, 1893 1 14,186 5054-80 7'10
,, ,, 1894 10,753 I 379294 700
,, ,, 1895 37,315 \ 1363900 730

Total for 6 years . f 91,939 ‘ 35463-69 9-66

Tailings and Concentrates sold. £ 8_ d_

’Year ended April 30, 1892: 10,250 tons tailings 1,647 4 8
29 ,, concentrates 62 18 6
,, April 30, 1893: 142 ,, ,, 217 8 5
,, ,, ,, 1895: ,, 99 12 2
£2,927 3 9
Returns from Cyanide Works. U -
Tons treated. Total yield. Yield per ton.
oz. dwt.
Year ended April 30, 1894 12,240 2224'22 3'65
,, ,, ,, 30, 1895 27,793 6610'00 5'11

40,033 441 A
The working expenses (details shown in profit and loss account) for mining and milling
during the past year amounted to 208. 4911., comparing, considering the small plant, very
favourably with others. Cyanide expenses amounted to 49. 11d. per ton, and the total expenses,
with general charges and depreciation added, to 28.9. 9'9d.
£ 9. d.
The value of the gold obtained by milling in 18945 was 1 5 379
Less working expenses 1 0 4'90
Profit per ton £0 4 1089
£ 9. d.
The value of gold obtained from tailings is . 0 13 116
Less working expenses . 0 4 1100
Profit per ton £0 79 06‘

fi\\ F‘
 WITIVATERSRAND MINES. 129

DESCRIPTION OF THE PROPERTY.—12 claims on the Main Reef series situated between the
Geldenhuis Estate and Simmer and Jack properties on the farm Elandsfontein, \Vitwatersrand.
On the outcrop there is only a length of about 250 ft., but the 1st level gives 435 ft.; the 2nd,
595 ft. ; and the 3rd, 744 ft. ; the total dip from the outcrop to the southern boundary being about
1,200 ft. (For plan, see Volume III.)
MENIXG INTELLIGENCE—Th6 mine is exploited by a vertical shaft sunk at a distance of about
452 ft. from the outcrop, but, owing to the very flat dip of the formation, it strikes the ore bodies
at 112 ft., at which point the 5th level is opened up. All the hauling is done from this shaft,
the head-gear of which contains a sorting-floor and Gates crusher. There is also an incline carried
down on the South Reef running into the 5th level at the bottom of the vertical shaft. Above the
first two levels the ore is exhausted, and mining is now principally carried on in the 4th and 5th
levels. The 3rd level is on the South Reef, and is driven from one end of the property to the other.
The 4th level is driven to the boundary on the east, and 270 ft. on the west, to a point immediately
under the railway, which makes a curve here, and crosses along the top of the property. The
ground on the other side of the line immediately adjoins the Stanhope. Between the 4th and 5th
levels the reef dips at an angle of 15° and 100 ft. of backs are being stoped. The shaft is now
(June, 1895) down to the 7th level, driving on which amounts to 60 ft. On the 6th level 300 ft. of
driving has been done, leaving another 250 ft. altogether to reach the boundary on either side.
Both reefs, the Main Reef and the South Reef, are of almost equal width and value, the Main Beef
being from 4.} to 5 ft. and the South Reef 4.} ft. wide, the former averaging 16 dwt. assay value,
the latter from 8 to 16 dwt. It may be stated that there is 10 ft. stoping matter which, with so
small a mine, is very convenient. Besides these reefs there is the so-called New Reef, between
the two, which promises to become an important factor towards prolongation of the life of the mine.
Nothing has been done on the North Reef except on the top level, where it was found unpayable.
It is intended, however, to test it again shortly at different points in the lower levels. The ore
reserves in sight are estimated at 55,000 tons, or about 16 months ahead of the mill. All the
mining is done by hand-labour. Therefore the introduction of a. small rock-drilling plant would
be advisable, from which an economy in the working expenses would be derived, and it would
further enable the Company to open up the unexplored regions of the other reefs which, if proved
payable (as more than probable), will greatly add to the value of the mine.
EQUIPMEN'I‘.—Shafl : The shaft, 13 x 5 ft. inside timbers, is divided into three compartments,
2 cage-ways, and 1 pump- and ladder-way. The head-gear is constructed of wood, fitted with ore
bins. There is no sorting-floor, the ore being sorted in the mine. Pumps: Pumping is done by
one 6-in. Cornish pump, driven by one 12 x 8 in. geared Tangye pumping engine No. 8. Hauling
is done by one double cylinder 8x 16 in. geared winding engine, single drum, by Fowler & Co.
Boilers: The above plant and the crushers mentioned below are steamed by one 16 h.p., one
12 h.p., and one 20 h.p. Ruston & Proctor locomotive type. Crushers are erected at the head-gear,
and consist of one No. 3 Gates stone-breaker, driven by a Tangye K engine, steamed by the above
mentioned boilers.
Mill : From the stone-breaker the ore is trammed to the mill by mules and raised by lift to
the mill’s ore-bins. The mill consists of thirty 950 lb. Hornsby stamps, fitted with Challenge ore
feeders. The pulp is received from the mill in launders and immediately taken to the cyanide
works by mechanical haulage. Engine: The mill is driven by one 30 h.p. tandem compound
engine by Hornsby & Co., steamed by one 30 h.p. Lancashire boiler.
Cyanide: The cyanide works are of a capacity of 3,000 tons per month, and consist of four
leaching vats, 100 tons capacity, and one leaching vat, 60 tons capacity, the last-mentioned being
reserved for the treatment of tailings partly concentrated by the launders; two solution storage
vats, two solution vats, and three zinc extractor boxes. The solutions are pumped to the
leaching vats by one Evans’ steam pump. All plant at the cyanide works is driven by one 8 h.p.
Hornsby engine and boiler. After treatment the tailings are dumped a short distance below the
works by mule haulage. Water Service: The pumping station is erected on the Geldenhuis
Estate property to the south of the Company's ground, and pumps the returned water from the
mill in case the supply fails from other sources. Otherwise, water is generall obtained from
a dam belongin to the Geldenhuis Estate, and constructed to the north of the eldenhuis Main
Reef ground. he Water from this source flows into a small reservoir adjacent to the battery, from
which it is pumped to the mill by one geared pump driven from the mill‘s counter-shaft. Size:
auction, 5 in. ; delivery, 6 in.

von 1. K
130 WITW’A TERSRAND MINES.

GEORGE AND MAY GOLD MINING COMPANY, LIMITED.

Formed in 1887 and re-formcd in 1893.

CAPITAL—£150,000 in £1 shares; 140,000 shares issued and fully paid up.

Directors.
F. TnwR'EY, Chairman (alternate J. DURHAM), T. MACKENZIE, J. BERLEIN (alternate W.
DE'I'rELBAcII), G. FARRAR (alternate W. DALRYMPLE), G. IMROTH (alternate A. WAGNER),
and R. WILLIAMS (alternate E. P. SOLOMON).
London Committee.
SHEFFIELD NEAVE, OLIVER WILLIAMS, and F. B. SALOMONS.
Manager. Consulting Engineer.
F. FREEMAN. R. WILLIAMS.

Secretary and Head Oflice.

H. WALTERS, Johannesburg, Transvaal.
London Secretary and Oflice.
F. C. Hmmnow, 7, Great St. Helen’s, E.C.
CAPITAL CHANGES AND HIs'roRY.—This Company is a reconstruction of the Botha’s Reef Gold
Mining Company, Limited, which was formed in 1887 with a capital of £139,125, all taken up by
the owners. Owing to insufiicient working capital the Company was obliged to take up a loan
with the Gold Fields of South Africa, which by the end of 1888 amounted to £12,000. In order to
repay this loan the capital of the Com any was increased to £239,125 by the creation of 100,000
new shares, for which there was an 0 er of £40,000 cash and 12 additional claims to the north of
Botha's Reef. The liability to the Gold Fields was paid off, leaving a working capital of
£28,000. On &ptember 25, 1889, the Company sold 12 of their claims to the Emma Gold
Mining Company, Limited, for £30,000 cash. This sum was secured as follows, for the time being:
£15,000 placed on fixed deposit, and £15,000 invested in 650 De Beers Consolidated Shares, averag
iug about £22 168. 6d., costing in all £14,837 108. On March 28, 1890, the capital was again
increased to £300,000 by creation of 60,875 new shares, of which 52,000 were given to the Bixley
Syndicate for their property and assets, including £11,000 in cash; and 8,875 shares remained in
reserve; these were disposed of later on. The original Company had therefore been supplied with
about £90,000 as working capital. The present Company, under the name of George and May,
was formed in 1893 with a capital of £150,000, of which 75,000 shares went to the shareholders of
the Botha’s Company—being one new share for four old ones; 30,000 shares to be issued at par,
guaranteed by the Zambesia Exploring Company, the promoters of the reconstruction, thus giving
£30,000 working capital. Of 45,000 shares held in reserve, 30,000 were under option at par to the
guarantors for 12 months after registration of the new Company. This option has been exercised,
giving further working capital to the amount of £30,000. In the reconstruction scheme the
cash assets of the old Botha’s Company were not included. The total capital therefore supplied
to the present Company is £60,000, leaving 10,000 shares in reserve.

Accoums AND FINANCFS.—The accounts of the Botha’s Reef Gold Mining Company were
made up annually to October 31, their banking account being with the Cape of Good Hope
Bank. At the time the suspension of payment of that institution was of serious consequence
t) the Company, the amount of deposit with the bank being £17,318 108. Since then almost
the whole of that amount has been repaid, and only a comparatively small loss has been
sufi'ered. The profit and loss account showed at October 31, 1891, a debit-balance of £33,465 Ga. 5d.,
including £4,762 108. written off the amount invested in De Beers Consolidated shares, taking
them at a value of £13 103., as against the average of £22 168. 6d. paid for them, and
£13,405 188. 9d. amount of the debit-balance brought forward from the previous year.
The first accounts of the new Company—that is the George and May—were closed on June 30,
1894, which include a production of only three months, the-rest of the financial year having been
employed in development, renovation of the mine, repairs of machinery, etc, etc. It is for this reason
also that a separate profit and loss account has been made up for that preliminary period, showing
that although a small loss was incurred on the year’s operations, a fair profit was earned during
the period when the mill and cyanide works were at work. This special profit and loss account,
 WITWA TERSRAND MINES. 131
shows the expenditure in connection with the formation of the Company, preliminary work, special
charges, etc.
Balance-sheet and profit and loss account of the George and May Company, as at June 30,
1894 :—

Balanoc-shect, June 30, 1894.

Liabilities. £ 8. d. Assets. £ 8. (Z.
To Capital account 122,750 0 0 By Mine property, 179 claims 72,375 0 0
g, Sundry persons 3,699 3 9 ,, Water-rights—
No. 1, at 30-stamp mill 500 0 0
,, 2, water-right 1,110 0 0
,, Reservoirs and dams... 4,195 18 0
,, Machinery and plant . 17,169 7 2
,, Buildings‘ . . 3,594 11 0
,, Live stock 220 0 0
,, Furniture . 17 6 6
,, Stores and materials... 1,304 18 3
,, London office 275 9 10
,, Cash on hand... 4,095 0 3
,, Fixed deposit... .. 10,000 0 0
,, Gold on hand . 4,246 17 3
,, Mine development 3,165 8 0
,, Permanent works 3,028 8 1
,, Sundry persons 263 8 10
,, Profit and Loss Account—
No. 1, loss on pre
liminaries £3,924 18 5
No. 2, profits on
working 3,037 7 10
—~— 887 10 7
£126,449 3 '9 £126,449 3 9

Profit and Loss Account, No. 1, for year to June, 30, 1894.

Dr. £ s. d. Cr. £ 8. (Z.

‘To Advertising and printing 28 4 6 By balance 3,924 18 5
,, Bank charges 3 0 0
.,, Claim licenses 1,467 0 3
,, Directors’ fees 222 12 0
,, Engineers’ fees... 150 O 0
.,, General charges .. 384 8 4
1, Interest, commission, exchang 72 3 6
.,, Legal expenses... 37 8 10
.,, Maintenance 674 8 10
.,, Mine office 51 18 11
_,, Salaries... 281 0 0
,, Stationery 138 5 6
,, Stables 73 17 6
,, Survey expenses 276 0 3
.,, Transport 47 10 O
,, Travelling expenses 17 0 0

£3,924 18 5 £3,924 18 5

The above are the preliminary expenses referred to in connection with the formation of the
present Company, and the starting of fresh operations, which absorbed the profit made during
the first. three months of the Company’s crushings.
132 IVITWA TERSRAND MINES.

Profit and Loss Account, No. 2, for year to June 30, 1894.
Cost per ton.
8. (I. Dr. £ 8. d. C'r. £ 8. d.
7 3167 To mining expenses 3,394 8 8 By Gold account—
1 6521 ,, Transport of quartz 721 5 2 ,, 2787-75 ounces from mill 10,390 11 3
4 1124 ,, Milling expenses 1,912 19 8 ,, 77284 ,, ,, cyanide 2,280 (5 1
2 7243 ,, Cyanide expenses 1,216 13 8 ——I_~—_—
3 6-223 ,, 6633131 charges 1,648 10 0 “due per ton, £1 78-1'38041- £12,619 11 4
11-943 ,, Maintenance 463 2 1 Interest 52-2 lb 9
2 H Mine development Rents _ per ton, 18. 495011. 62 U 0
redemption 934 12 0 Transfer £6635 72 5 0
22 0223 13313333... 3,037 7 10 Total revenue, £1 88- 0330(1

£13,330 19 1 £13,330 19 1

£ 8 d.
The total value of revenue amounted to per ton 1 8 6330
,, working cost _,, ,, ,, 1 2 0223
Balance net profit per ton 0 6 6107
DE'l‘Alis 0F PRODUCTION—Th8 battery taken over from the old Company was a 40-stamp
mill, which was erected at a considerable distance from the mine. This mill was removed and
erected in close vicinity to the mine. Of the 40 stamps only 30 were erected. With the balance
of the material the mill was put into a very efficient state. The cyanide works were started at the
same time as the mill, and have gmdually been increased to their present capacity.
The following is the production by the old Company :—

Year. i 23311151? No. of stamps. Yield. Yield per ton. Value. "alue per ton,

oz. dwt. 3 £ 8. d.
1888 _ 40 1,333 _ 3,088 _
1889 __ __ 1,010-13 _ 3,333 _
1890 10,923 40 2389-01 437 8,362 13 3
1891 12,390 40 3,334-14 3-38 11,672 19 0
1892 2,300 20 684-9 347 \ 2,448 19 0
1893 4,830 13 2,041-19 820 j 7,324 29 9
11,012-39 \ 238,429
This is from plates only, no tailings having been treated. I i _
The new Company resumed crushing in April, 1894, and crushed with the 30thead mill. until
December 31, 1894, when dry-crushing and direct treatment was inaugurated. This process 18 fur
ther explained under equipment. The 1894 production is as follows, 30 stamps being employed :—

189‘. Mill. Tnilings.

" 7’ l—l‘I-‘fl lit’?

MM- 3333': m- ,‘333. 333:. $23.13? W 62331. ' '
. d t. 2 .6 n. d. d!"- 8 I d tone 2

April 3,323 13,523 6713 3,730 12 6 2,230

- - 1,023 3,730 - -
May
.1333 3,069
2,894 926
841 6381 3,712
3,027 11 011
4 0 1,191|10 1,932
1,140,11 106 1,324
2,298 397
4,903
1,221 4,167 380 3-63
3-93
July 3,630 707 369 2,362 13 4 2,208
1,326'11 6 1,093 3,888 3% 3-39
August 3,826 784 409 2,822 14 9 3,346
1,623 14 8 1,323 4,443 341 490
September 3,821 810 424 2,936 13 4 2,346
1,428,12 4 1,230 4,364 420 3-38
October 2,962 344 368 1,938 13 3 1,318
137013 4 1,006 3,323 462 393
November 627 176 3-61 634 10 2 789 10 3 439 1,423 263 3-46
December 627 176 3-61 634 10 2 1,342
887 13 2 273 274
887 4-08
9. , F
24,999 3,987 476 22,033‘ 17 6§i 17,260 3,126 362 I39934111 71' 8,938 |£31,330
 WJTWA TERSRAND MINES. 133

Result of Dry-Crushing during 1895.

Momhi i mxggi' Yield. Yield {1.1- ton. { Value. Value per ton. Total yield. Total value.
‘_— ‘8 oz. ‘1 am. 1 a e ‘s a 8 im;:_ a
January, 1895 — 191 ‘ — 560 -— 191 560
February ,, 906 327 . 7'21 1,111 1 4 6 327 1,111
March ,, 2,667 791 | 5'48 2,485 0 1s 7 731 2,485
April ,, 9,021 630 417 2,142 0 14 2 690 2,142
May ,, 2,5(1) 910 ‘ 7'28 3,094 1 4 9 910 3,094
June ,, 2,703 900 l 6'65 2,700 0 19 11 900 2,700
11,797 3,689 : 6'25 £12,092 £1 0 7 8,689 £12,092
Recapitulation. £
Gold production by the old Company, total value 38,429
I: 7! Present :1 11 311350
Total
,, value of,, production
,, (dry-crushing)
to June 30,totalvalue:
1895 £81,876

The average yield obtained by the old Company from 30,643 tons, was 5'51 dwt. from the mill
only; while the present Company obtained from 24,372 tons crushed an average of 4'76 dwt., and
from 17,260 tons tailings treated, an average of 3'62 dwt.; total, 838 dwt. The dry-crushing
and direct treatment during the first six months of 1895 resulted in a total of 11,797 tons being
treated, returning an average per ton of 6'25 dwt. The cost of the whole treatment was brought
down to as low as 22s. 6'330d. during the last financial year, which compares very well with
similarly situated mines on the Rand.
DsscRII'rIoR or THE PROPER'1‘Y.—Th6 property consists actually of 179 claims, of which
101% only are mining area, the balance being to the north of the reef and utilized as mill-site,
depositing site, etc. The mining area consists therefore of 101.1; claims situated on the farms
Luipaardsvlei and Waterval, bounded by the York Gold Mining Company on the east, and the
Randfontein Estate on the west, about 16 miles west of Johannesburg. The total length on the
outcrop of the reef is 12,750 ft. or nearly 2% miles. This has been divided into three sections, the
eastern section consisting of 26 outcrop claims, the central section of 35 outcrop claims, and 16
immediate dip claims, and the western section of 24 outcrop claims. The outcrop of the reef is
almost on the northern boundary of the claims, so that at least the full 400 ft. of the outcrop
claims are available, and where the dip claims join, 800 ft. The Company further owns two good
water-rights, the first one being amply sufficient for present requirements a; and the second one, in
case of a. big increase of stamping-power, would be a very important factor, as it is for all practical
purposes inexhaustible.
MINING INTELLIGEvcn—The reefs which are being worked are mainly the Main Reef, and the
South Reef. The same reef which runs through the Champ d’Or property passes through this
property. The Main Reef in the lower levels is improving. There is also a large body of reef,
measuring sometimes up to 10 ft. in width; this is called the Middle Reef, and is rather poor
and patchy, yet in places assaying as much as 10 dwt. This reef can gradually be tested at a
lower depth as development is advanced. The experiment of dry-crushing and direct cyanide
treatment has shown that the nature of the ore is amenable to this system. The South Reef varies
in width from 1 to 15 in., with a 3 in. wall carrying payable gold; the average width containing
the payable gold is 12 in., with a 2 ft. stops. Mining is carried on by means of 5 shafts. Nos. 1
and 2 are sunk near the eastern boundary ; and Nos. 3, 4 and 5, towards the middle and western
portion. The ore is at present extracted from Nos. 2 and 3, no other work being carried out in
the other, except pum ing.
DEVEIDPMENT.— o. 1 shaft. Mining is being carried on 2 reefs, the Main Reef and South
Reef. Ore in sight, South Reef, 17,985 tons; Main Reef, 8,779 tons. No. 2 shaft, South Reef,
10,955 tons; Main Reef, 5,243 tons. No. 3 shaft, South Reef, —; Main Reef, 2,488 tons. No. 4
shaft, South Reef, -—; Main Reef, 737 tons. No. 5 shaft, South Reef, —; Main Reef, 13,662.
Total amount of development, South Reef, 28,940 tons; Main Reef, 30,909 tons. Total, 59,849
tons. Soul/1 Reef Assays: No. 1 shaft, 1 oz. 1 dwt. 6 gr.; No. 2 shaft, 14 dwt. 1 gr. Average of
Nos. 1 and 2 shafts, 19 dwt. 1'5 gr. This average is taken from 283 assays, based on a stoping width
of 20 in. Main Reef Assays: No. 1 shaft assay 6 dwt. 4 gr., taken from 16 assays; No. 2
shaft, 14 dwt. 8 gr., taken from 20 assays; No 3 shaft, Main Reef, 8 oz. 15 dwt. ; No. 4 shaft, Main
Reef, hanging-wall, 9 in., 3 oz. 15 dwt. 18 gr; middle portion, 48 in., 4 dwt. 10 gr.; sandstone,
8 in., 4 dwt. 10 gr. ; foot-wall and leader, 6 in., 6 oz. 14 dwt.. No. 5 shaft, Main Reef, 16 dwt.
9 gr. average taken from 38 assays. All stapes on Main Reef are 2 ft. 6 in. in width.
134 WIT IVA TERSRANI) MINES.

Milling and Dry-Crushing.—Milling operations are temporarily sus nded, and experiments‘
with dry-crushing and direct treatment have been made on a large scale. glib of an average value of
11 dwt. the mill has returned only 5 dwt. 4 gr. with 7 dwt. left in the slimes and tailings. This
abnormal difference has given rise to the idea of experimenting with the dry process, which is now
carried on by means of one No. 3 Gates crusher and cyanide process, but which will be ultimately
carried out as follows. The ore arriving at the surface is wet, and cannot be received by rollers
unless it is dried. This is done by discharging the ore into a revolving perforated inclined drum
properly heated. The fine ore is separated from the coarse, which falls under 3 sets of rollers
consecutively. Between each of these sets of rollers the fine ore is again separated, and stored in
bins for treatment. After leaving the third set of rollers the ore is elevated into a large storage
tank capable of receiving 600 tons of crushed ore ready for treatment. The ore will be then
submitted to a single treatment by cyanide process in a large leaching vat. It is proposed to
effect the discharge of this vat by means of a current of water, thereby ensuring a large‘
saving by avoiding manipulation of the pulp. After cyanide treatment, the pulp will be sub’
mitted to a concentrating process. The concentrates thus obtained will be ultimately treated
by the best method which experience will suggest.

EQUIPMExm—The equipment of the property is of a temporary character, and consists of :—No. 1

Vertical Shaft : Size, 9ft. x 5 ft. 9 in., fitted with iron head-gear, 35 ft. Pump : A duplex 8 x 6 in.
pump, steamed by a 16 h.p. locomotive boiler. Hauling : One 12 h.p. horizontal geared Ruston &.~
Proctor winding engine. Boiler: One 20 h.p. Tangye's locomotive type. No. 2 Shaft Incline:
10 ft. x 5 ft. 6 in., fitted with a 30 ft. wood head-gear. The shaft is divided into 3 compartments,
2 hauling-ways, and one pump- and ladder-way. Pump: 1 duplex pump, 6 in. x 4 in. Hauling .'
One 10 h.p. Ruston & Proctor geared horizontal winding engine; one 16 h.p. Ransomes, Sims &,
Jefi'eries multitubular boiler. No. 3 Incline Shaft is fitted with exactly the same plant as No. 2
Incline Shaft. No. 4 Incline Shaft: Size, 10 ft. x 5 ft. 6 in., fitted with a 30 ft. wooden head-gear ;.
1 single drum 8 h.p. Davy-Paxman winding engine and boiler. No 5 Incline Shaft: 10 ft. x
5 ft. 6 in., fitted with one 30 ft. wood head-gear; one 6 x 4 in. Tangye’s pump at the 2nd
legal, and a similar one at the 3rd level; one 16 h.p. Ransomes, Sims & Jefi'eries winding engine
and boiler.
Crushers .' The ore is conveyed from the mine to the crushing station by gravitation and’.
mule haulage. It is discharged on grizzlies, and passed through a No. 3 Gates crusher, from which
it is taken to the cyanide heating vats by gravitation, for direct treatment.
Mill : The milling operations are suspended pending trials of the dry-crushing treatment. The
plant consists of 30 Sandycroft stamps, 950 1b., fitted with large ore-bins and Challenge ore‘
feeders. The mill is driven by one 30 h.p. compound engine, by Ransomes, Sims 8:. Jefi'eries, steamed
by one 60 h.p. Ruston & Proctor multitubular boiler. Lighting .' One 10 h.p. horizontal Tangye’s
engine drives 1 Holmes’ dynamo, to supply light to all surface works.
Cyanide Works : From the mill the pulp is discharged into 2 large stone-built settling tanks,
fitted with bottom discharge, from which it is taken to the leaching vats by ordinary tram line.
The plant consists of four 150 tons leaching vats, bottom discharge ; 3 solution tanks; 3 extraction
boxes; three 2.‘; in. centrifugal pump, driven by small engine to return the solutions to the solution
trunks; 2 smaller tanks are used for the treatment of slimes. The tailings are dumped below the
work by ordinary haulage.
Water Scrvicc: \Vater, for milling purposes, is taken from the Company's dam, immediately
below the mill. Should this supply prove at any time insufiieient, the Company can obtain water
for their water-right at a distance of 2 miles from the mill.
GENERAL REMARKS.—An amalgamation scheme was carried in September, 1895, and under it
the Company becomes possessed of the whole of its deep level ground for about one mile to the
south. The scheme is as follows: There are about 440deep level claims belonging to the West
Rand Mines, Limited. The whole of the George St May property and assets have been sold to
the West Rand Mines, Limited, for 97,500 fully paid up shares in a total nominal capital of
£425,000, whereof 25,000 shares are in reserve. The West Rand Mines contribute, besides its
440 claims, its working capital of £100,000, and further guarantees 25,000 shares at £2 per share,
making in all a working capital of £150,000. The enlarged property consists of 541% claims,
being 2k miles on the strike of the reef and 1 mile on the dip, thus forming a large and compact
mine. (For plan of the amalgamated property, see Volume III.)
 H’ITIVA TERSRAND MINES. 135

GEORGE GOCH AMALGAMATED GQLD MINING _COMPANY, LIMITED.

Formed in 1887,and rc-formcd in 1889, 1892, and 1894.
CAPITAL—£160,000 in £1 shares ; all issued and fully paid up. (See below.)
Directors.
G. H. Goon (Chairman), Geo. Anne (Managing Director), E. Hmoocx, LEO ALBU,
J. FRIEDLANDER, A. W. Psmsox, and A. EPLER.
London Committee.
\V. A. Tom. and ROBERT Warns.
Secretary and Head Oflicc.
J. V. BLIXKHORN (P.O. Box 764), Johannesburg Stock Exchange Buildings, Johannesburg.
London Secrcmries and Ofilcc.
ROBERT VVHYTE & 00., 19, Bury Street, St. Mary Axe, E.C.
CAPITAL CHANGEs.-—The George Goch Gold Mining Co. originally had a capital of £15,000,
which was increased to £32,000 in 1888. In 1889 reconstruction took place as the George Goch
Amalgamated Gold Mining Co. (the Eleazar property, Klerksdorp, being taken in), and the capital
was raised to £150,000. In July, 1892, a second reconstruction occurred with a capital of £100,000.
The shareholders received 56,000 new shares, or two for every five held, and the balance was
issued at 521-, to provide working capital.
The mpany engaged in very heavy expenditure diu'ing 1894 for the new equipment of the
mine, and at the end of August, 1894, was £52,674 in debt. In order to pay off this debt and to
complete the equipment an offer of Messrs. G. & L. Albu, in the following terms, was accepted at.
an extraordinary general meeting, held October 24, 1894: Messrs. G. 81. L. Albu to provide the
Company with £60,000, and, in repayment thereof, to take debentures redeemable within two years
at £102, carrying interest at the rate of 8 per cent. per annum, with a further right within twelve
months expiring October 3], 1895, to convert the entire or any portion of the debenture issue
into ordinary shares at the rate of 25s. per share. The whole of the debentures have been con
verted into ordinary shares, and the Company has received in cash £75,000, of which £52,000 will
have gone to pay off the liabilities of the Company.
A scheme was brought forward in September, 1895, for the absorption of the Metropolitan Gold
Mining Company for 132,000 shares, and was carried in the following month. The capital is to be
increased to £350,000. Messrs. Albu & Goerz take up 33,000 of the new shares at 608. each, and
the remaining 25,000 shares are to be held in reserve.
ACCOUNTS AND FINANCE—Accounts were made up half~yearly to February 28 and August
31 respectively; but lately it has been decided to issue annual reports and statements.

Some ofthe Results of Operations since the beginning of 1890.

Period. ‘ Revenue. ‘ Loss. Profit.

£ a d. .t'. a. d S a. d
Half-year ended August 31, 1890 ' 5,996 2 0 9,323 5 4 —
,, ,, February 28, 1891 19,182 3 3 108 3 5 —
,, ,, February 28, 1892 21,691 14 10 -— 3,677 17 3
,, ,, February 28, 1893 ..-. 22,006 8 7 — 3,797 6 3
,, ,, August 31, 1893 9,139 15 10 -- 1,165 19 7
,, ,, February 28, 1894 29,069 11 4 ‘1 5,151 8 0 —
,, ,, August 31, 1894 45,864 15 11 1 — 2,631 2 11
September, 1894 F 10,635 10 0 — 3,377 18 11
October, 1894 10,483 12 0 — 3,171 13 6
November, 1894 7,684 18 0 i — 960 15 8*
December, 1894 10,537 9 4 l — 3,521 11 9
January, 1895 11,899 13 8 — 3,895 15 6
February, 1895 11,019 7 0 — 3,396 13 5
March, 1895 11,244 6 0 1 —— 3,664 6 1
: l
" See No" at foot of next page.
I36 WITWA TERSRAND MINES.

Extracts from balance-sheet and profit and loss account as at August 31, 1894 :—

Balance-shcet, August 31, 1894.

Liabilities. ‘ Assets.
£ 8. d. ' £ 8. d
To Capital Account: 100,000 ' By Claims, Doornfontein 60,668 0 0
shares of £1 each... 100,000 0 0 ‘ ,, 78 claims, Eleazar 2,000 0 0
,, Witwatersrand Gold Mining ,, Machinery and plant 57,893 18 8
(10.: Loan 25,000 0 0 ,, Buildings 5,449 7 6
,, Bills payable 18,450 18 4 l ,, Permanent works—
,, Standard Bank 3,448 10 6 1 Main Shaft, West
,, Sundry creditors 10,380 0 0 Block ...£5,739 1 11
,, Balance: Profit and Loss... 4,112 17 5 Main Shaft, East
; Block 3,603 8 11
.__ 9,342 10 10
' ,, Livestock and carts... 240 10 0
' ,, Furniture 17s 15 6
,, Interest, etc.,paid in advance 404 0 0
, ,, Mine development 16,651 16 7
, ,, Reservoirs and dams 2,701 8 1
, ,, Stores on hand 1,246 13 5
l ,, Sundry debtors 106 13 8
i ,, Cash on hand (at mine) 38 12 0
,, Gold on hand 4,470 O 0

£161,392 6 3 £161,392 6 3

Profit and Loss Account, for the half-year to August 31, 1894.
Cost perton.
s. d. Dr. £ 8. (1. Cr. £ a. d.
10 429 To Mining 16,566 5 0 By Balance brought forward 1,695 10 5
4 1'77 ,, Milling 6,633 8 1 Less gold over-estimated in cost 213 15 11
0 4'54 ,, Transport of quartz 606 4 6 ————————
2 1'78 ,, Maintenance 3,435 15 0 _ _ £1,481 14 6
5 000 ,, Redemption 7,996 15 () By Gold won from 111111, 9,1401
o 876 ,, Salaries 1,166 18 11 oz __ - 33,338 13 11
0 1'37 ,, Licences... 183 7 6 n Bullion W011 from tmllngs,
0 2'13 ,, Charges 283 18 10 4,0738 oz. 11,283 19 1
O 117 ,, Rent Eleazar 156 () 0 ,, Concentrates, 442'65 oz. 992 18 11
0 0'57 ,, London office ex- ,, Sundry revenue: Sale of
penses 75 0 O waste rock, rents... 249 4 0
0 0'39 ,, Auditor’s fees 52 10 0
0 0'43 ,, Legal expenses 57 2 10
1 2'01 ,, Interest and dis
count 1,868 2 2
4 0'10 ,, Cyanide working 4,152 5 2
,, Balance 4,112 17 5
28 5'31
£47,346 10 5 £47,346 10 5
Total revenue £45,864 15 11
The net profit for the period being Total cost 43’233 13 0
Net profit £2,631 2 11

Nora—The small profit made in the month of November was due to a. breakdown of the boiler-plant, in
consequence of which the mill ran only 19 days. The debentures being gradually converted into shares, the
interest on the former decreased in proportion, and has now been done away with, which of course helps
to swell the profits. The monthly profit is close on £4,000, and further increases up to £4,500 per month are
confidently expected, which would mean a return of £54,000 per annum in profits.
 WIT WA TERSRAND MINES. I37

PROPERTY AND LOCALITY. —The Company owns a W'itwatersrand Main Reef property
consisting of about 39 claims, of which 33 are reef-bearing. A dyke cuts the property into two
sections, one known as the West Mine, and the other as the East Mine. The first line of the
East Mine is formed by six claims, which are north of the Main Reef outcrop, and are not
included in the reef-bearing claims. A block of 5 claims forms the second line of the East Mine,
and a block of five claims forms the first line of the West Mine. These, equal to 10 claims, or 1,500
ft., cover the outcrop of the Main Reef, and are divided from each other by a tongue of three
claims belonging to the Spes Bona Company. The next line is 4 claims, forming the second
dip of‘the East Mine, and then a line of 11 claims connects the two mines and covers the dip
of the West Mine, of the three Spes Bona claims, and of the East Mine. The remaining claims
cover the dip of the East Mine, three of which, running down to the Natal Spruit, cut into a
block of claims owned by the Wolhuter Company. The property is situated on the farm
Doornfontein between the Spes Bona and Metropolitan Gold Mining Companies, and is 2} miles
east of Johannesburg. The railway carrying coal passes close by the property, at which a siding
has been made. A second property, formerly owned, consisted of a portion of the farm Eleazar
(Potchefstrom district), in extent 78 claims, in three rows of 26 claims, on the Eleazar mynpacht ;
but this was sold to the Eleazar Mynpa‘cht Company in May, 1895, for 18,000 of its shares. By
the absorption of the Metropolitan property the Company will have 41 extra claims. (For plan
of both properties, see Volume III.)

TITLE 'ro PROPERTY.—Tlle Doornfontein claims are especially registered, on which Bezitrecht
has been obtained, and are held on claim licenses.

VVATER-RIGHl—The Company owns a water-right on the Natal Spruit, about 3,600 ft. from
the Main Reef outcrop. The mining area under same covers about 13 claims, 1,800 ft. in
length, with an average width of about 450 feet.

MINING INTELLIGENCE—Reefs worked: North Reef, Main Reef, with Hanging-wall Leader, and
South Reef. \Vidth of reefs :—(a) East Mine: North Reef, 4 ft. stopes ; Main Reef, 3 ft. 9 in.; and
Main Reef Leader from 4 in.to 15 in.; South Reef, 2 ft. In the 3rd level Main Reef widens to 5
and 6 ft. (1)) Wes! Mine : Principal reef worked, South Reef, has a width of 3 ft. 6 in., and is open
ing up very well in this portion of the mine, where it is comparatively much richer than either the
North Reef or Main Reef. On the 2nd level the reef assays 2 oz. 17 dwt. for a width of 2 ft.
7 in. Above the 2nd level the reef has practically been worked out. On the 3rd level the reef
assays 55 dwt. for a width of 36-7 in., and in a winze from 3rd to 4th level, width 42 in., value,
3 oz. 14 dwt.
Dip of Reefs: Down to the 300 ft. level about 50°.
ORE REsERvEs.—At the close of the financial year (August 31, 1894) there were 68,439 tons
of ore in sight. Since then the development has continued to greatly exceed the quantity milled,
and up to end of March, 1895, the quartz developed in excess of that mined was 39,686 tons. Ore
in sight on March 31, 1895, 108,125 tons. Ore in sight, June, 1895, 170,000 tons.

DEvEmPMENT.—-The mine is worked in two sections. The Western Mine: The outcrop on
this section is traced into the Spes Bona claims, and picked up again in the Eastern Mine, where
the reef is faulted 400 ft. north. The Eastern Mine has an outcrop of 800 ft., and is worked by a
vertical shaft, which is down 96 ft. (December, 1894) below the 3rd or 300-ft. level. This shaft
is situated in the centre of the block, and cuts the South Reef a few feet above the 3rd level. The
1st level is reached by a cross-cut north. At 105 ft. the South Reef was cut; at 140 ft. the Main
Reef ; and at 180 ft. the North Reef. (September, 1894) On first level east of cross-cut 220 ft. driven
on North Reef; 320 ft. on Main Reef, to within 60 ft. of boundary; 120 ft. on South Reef. \Vest of
cross-cut adyke 150 ft. in width is encountered. All reefs are driven upon to within 70 ft. of Spes
Bona boundary. Second level: East of cross-cut Main Reef drifted upon 400 ft. to the boundary;
North Reef 200 ft. ; South Reef 200 ft. West of dyke drifted 140 ft. on North Reef ; 200 ft. on
Main Reef; and 160 ft. on South Reef. 3rd level: East of cross-cut drifted 120 ft. on North
Reef and 260 ft. on Main Reef. West of dyke, 40 ft. on Main Reef and 60 ft. on South Reef. The
Western Mine is being worked by means of an incline shaft, with double skip and pump-way, and
is timbered to 3rd level. It has been sunk on North Reef down to 4th level. Cross-cut is put out
22 ft. south to out other reefs. The length of the 3rd level in this part of the mine is 680 ft.,
and 4th level 930 ft. 115 ft. have been driven upon east of the shaft on 3rd level. The west
hauling station is to be converted into a central station. By means of mechanical haulage the
ore from the East Mine will be brought to this station, where it will be sorted and then trammed
down to the mill.
138 IV! I‘ WA TERSRA ND MINES.

YIELD OF ORE—Up to the end of July, 1894, the average yield over the plates has only been
7'27 dwt., the yield having gone back from 1205 dwt. in 1890 to 5'62 in the beginning of 1894. It
had gone back in May to 4'80 dwt., but under new management the yield has considerably im
prov .

Yield.
l, Mill.
HA" 0 Cyaniding.
__i|
dwt. gr. dwt. gr. dwt. gr.
September, 1894 . . i 6 2'75 , 4 6'48 I 10 9'23
October ,, .. | 6 0'71 I 4 2'88 10 3'59
November ,, . 6 0'05 1 3 0'48 | 9 0'53
December ,, 7 ‘ 3 8'00 10 8'00
Jenuary, 1895 7 013 4 5'58 11 5'71
February ,, ' 7 0'01 4 8'19 ! 11 8'20
March ,, 7 4 5-23 ‘ 11 5-23
With the increased perfection arrived at in sorting the ore the standard total yield of the mine will’
be at least 12 dwt. per ton milled, including extraction from tailings.
WORKING EXPENSE AND REVEXUFL—Dnring the six months March to August, 1894, the
working cost, inclusive of mine redemption, averaged 238. 32011. per ton, and the cost of treating
tailings r ton, 4s. 0'10d., making the total mining, milling, etc., cost 278. 3'30d. per ton on an
average or the above six months.
ll'orking Expenses and Revenue, Septembm' lo December, 1894.

General Mine do‘ . .

Mining " Milling Muinten- char,” per velopment Total Cyaniding Total
per ton. per ton. ance per ton. tan. redemption per ten. per ton. per ton.
per ton

1894. a. d. a. d. I. (l. a d. a. d a. d. s. (I. s. d.

September 9 5'58 3 6'09 1 6'26 0 3'39 5 0 19 9'32 4 0 23 9'3
October 10 9'93 4 3'56 1 3'24 0 8'38 5 0 22 0'17 3 2'51 25 2'68
November 13 8'86 5 9'68 2 0'29 1 2'44 5 0 27 9'27 3 0'33 30 10'60
December 9 3'55 3 10'48 1 5'91 0 5'89 5 0 20 1'83 3 5'45 23 9'28

Amalgamation. i Tnilings.

Total working Value of yield Profit Loss {Cyanide work-l Value of ' Profit
cost per ten. per ton. per ten. per ton. ling cost per ton. yield perton. per ton.

1894. a. d. a. d. a. d. s. d. a. d. a. d. I. d.
Septemberv 19 9'32 22 3'81 2 6'49 —— 4 0 i 12 9'83 8 9'83
October 22 1'11 22 0'17 -- 0 0'94 3 2'51 12 4'53 9 2'02
November 27 9'27 21 11'72 -— 5 9'55 1 3 0'33 9 0'75 6 0'45
December 20 1'83 25 6'88 5 5'0" — 3 5'45 10 0'31 6 6'86

Working Cost Sheet for six months ending August 31, 1894.
25"“. 3,5117 5 filé, g g‘ ‘
Mining Milling I ten‘hldlce :25 3. ‘ 8' EL .2 05 '55 i 3'5 Interest 25:12:28 Total cost
per ton. per ton. m s I per 5 ,_ 8 g 3 F8 5 I. 3 In 2 1. per tom r tons per ton.
55 i ton 3 a '5 g :9 ‘E "g 3 =5 3‘ ‘ pe '
P ;1 e a , e e 3 < I3
.=. a. It. a. - a. a‘ R. a. l a. a. l a. i d. a. l d. ,3. d. .q. a. 3. a.
10 4'29i4 1'77 4'54 1'78 5 8'7 l 1'37 , 2'13 1'17. 0'57 0'39 ‘ 0'43 , 1 2'01 ;4 0'10 27 3'30
l
 WITWATERSRAND MINES. 139

Cyanide ll'o-rks and Treatment of Tailinga—Vvhen the Company started treating its tailings
in May, 1894, the accumulated tailings reserve amounted to 30,000 tons, which is practically intact.
From May to August, 20,715 tons of tailings were treated. The average assay value was 4 dwt.
4 gr., returning 4,073 oz. 16 dwt. bullion equal to 2,821 oz. 8 dwt. fine gold=2'72 dwt. per ton.
The extraction was equal to 6529 per cent.
£ 8. d.
The cost of treating 20,715 tons was 4,112 17 5 = 4s. 0'10d. per ton.
Bullion won from 20,715 tons tailings 11,283 19 1

Profit on treatment of tailings £7,171 1 8

Statcnu'nt showing result of Taitings Treatment from September, 1894, to Marc/1,1895,
inclusive.

M ,h Ngzub" T , Cost T3461 Yield Va, T m, a, V3133 Profit

on . prefix;- otu cost. per tom yiehL per mm 116. o P" - per ton. poi-um.

if i — 15 _s. 11.8. d 0:. dwt. gr. V771,’: £ 8. d. a. d. a. d.

September 1894 6,604 1,321 1 9 4 0 1,411 4'27 4,233 2,91118 8 12 9'88 8 9'83
October, 1694 7,384 1,179 4 4 3 2'51 1.516 4'12 4,548 3,86815 8 12 4'58 9 2'02
November, 1894 7,930 1,20213 3 033 1,2008 302 3.602 7 2.899 11 11 9 075‘? 0"“
December, 1894 6,900 1,191 10 3 3 5'45 1,153 3 8 3,459 2,267 4 9 10 0'31 11 6'86
January, 1895 7,180'25 1,406 16 8 8 11'85 1,509 4 5'58 4,527 3,120 3 9 12 8'37 8 9'02.
February, 1893 6,417 1,20317 6 3 902 1,393 4 819 4,179 2,973 2 6 13 029 9 3-21
March, 1893... 6,183 1,112 311 3 717 1,304 4 323 3,912 2,79914 1I12 7-34 9 0'6:

Totals, 7months 48,568'25 8,617 16 1 3 6'59,9,486'8 3'90 28,460 7 19,812 10 11, 11 83918 1'8’)

The cost of tailings treatment compares very well with the lowest obtained by mining com
panies on the Rand, and an average of over 88. profit per ton contributes greatly towards the
profits realized ; in fact, it represents at present by far the larger part of the monthly profits.
EQUlPMENT.——NO. 1 Main Shafi‘, East Mine: This shaft, 18x6 ft., divided in three com
partments, is fitted with a 50 ft, iron head-gear, safety cages, and ore-bins of 120 tons capacity.
Pum .' 10-in. Cornish pump, driven by one 14x22 Turner geared pumping engine. Winding
One uston & Proctor 12 x 24 in. geared winding engine. No. 2 Main Incline, West Mine: Size,
15 x 5 ft., divided into three compartments. The sorting-floor is erected at the head-gear, the ore
being passed over grizzlies, and washed and sorted by hand; from the sorting-floor the ore 1s
delivered into two crushers, one No.3 and one No.5 Gates crushers. Pump: 10-in. Cornish
pump, driven by one 14 x 22 in. Tangye pumping engine. Winding : One 13 x 26 in. geared Robey
winding engine, independent drums. The crushers are driven by one 10x 20 in. Taugye engine.
Air Compressor : This plant consists of one—half of one 18 x 42 in. Ingersoll & Sargent compressing
lent, to drive 10 drills. Boilers: Four Ruston & Proctor multitubular boilers, 50 h.p. each.
he two shafts above referred to are connected by mechanical haulage, which will be driven from
the west shaft by one 20 h.p. horizontal Tangye engine. Other mechanical haulage, driven
from the battery, will connect the west shaft and the mill. A condenser is also in course of
erection.
Workshops.—These shops contain accommodation for smiths, fitters, and carpenters, and. are
well fitted with all machine tools, a noteworthy feature being that the whole plant will be driven
by electrical motors, the current being supplied by a special dynamo at the mill.
Milk—60 stamps, 50 being 900 lbs. and 10 1,0501bs.; 20 more stamps will be added at no
distant date. This plant is driven by one 140 h.p. compound condensing engine, by Marshall; this
engine also supplies power for a return water-pump (3-throw geared plunger-pump). A special
engine, 35 h.p., by Willans, drives 3 dynamos: one for supplying current for the pumps, one for
general lighting, one to supply power to the workshops. Boilers .' The whole of the plant at the
mill is steamed by three 80 h.p. Easton &. Anderson Cornish multitubular boilers, fitted with
mechanical stokers, and Green's economizers. The mechanical stokers are driven by a small “feat
minster engine.
Water Scrrica—W'ater for milling purposes is obtained from the Natal Spruit at a distance of
3,000 ft. from the mill’s reservoirs, where it is forccd by electrically driven pumps, driving the
current from the mills dynamos.
Cyanidm—From the mill the tailings are elevated by a 32 ft. diameter wheel into Spitz
kasten, and delivered for treatment (McArthur Forrest) into five 26 x 8 ft. circular wooden leach
I40 WIT WA TERSRAND MINES.

ing vats fitted with bottom discharge, and one 26 x 8 ft. vat reserved for the treatment of concen
trates. The plant is completed by three solution vats, four extraction zinc boxes, three Spitzkasten.
The tailings are elevated to the vats by one small Ruston & Proctor winding engine.
GENERAL REMARKs—The George Goch has now taken its place among the prosperous mines.
The debentures—the only notable liability—having been converted into shares at a premium, the
Company is practically free from debt, and has a cash surplus on hand. The last nine months show
a steady average of £3,600 profit per month ; working expenses have been kept low ; and develop
ment has been pushed to such an extent that the mine is now fully ready to support the demand of
the increased stamping power. In the beginningof June the 10 additional stamps were set run
ning, making in all now 60 stamps, 50 of which have a 900 lb. drop, and the last 10 1,100 lb.
Another 20 stamps will be added to the mill at a date in the near future, making then 80
altogether. Great economies have been realised with the new plant; for instance, formerly with
the old boiler-plant the consumption of coal amounted to the value of £600 per month, while now it
has been reduced to £160 per month with the new plant. The development shows now (June)
170,000 tons ore in sight, or about 2.} years ahead of the mill. Credit is due to the general
manager, Mr. Way, for having brought about this state of ef‘ficiency in little more than one year,
and no doubt the Company will soon figure amongst the dividend-paying mines of the Wit
watersrand.

G. F. SYNDICATE.
Formed in lllay, 1894.
CAPITAL—£10,000 in £1 shares ; all issued.
Directors.
GEORGE FARRAR (Chairman), W. DALRYMPLE, and C. S. GOLDMANN.
Secretary and Oflice.
G. BADHAM, Farrar’s Buildings, Johannesburg, Transvaal.
FINANCIAL HIsTORY.—£7,000 of the capital was subscribed in cash. On July 31, 1895, 8
claims were sold to the Benoni Gold Mines for 600 shares in that Company. The working capital
is practically exhausted.
PROPERTY.-—Consists of (a) about 186 claims on the proclaimed farms Benoni and Vogelfontein,
East Rand. (For plan, see Volume III.) (b) An option to purchase the freehold of the farm Klein
fontein, situated immediately north of the farm Benoni.
WORK DONE.-—~Five boreholes were sunk on various parts of the Company’s property. It was
originally thought that the whole formation was thrown north towards the northern boundary of
Benoni, and the boreholes were located correspondingly in the northern claims of the property. Being
in north formation, it was found that sinking would have to be extended considerably in order to
strike the reef, and boring was therefore discontinued.

GINSBERG GOLD MINING COMPANY, LIMITED.

Formed in January, 1893.
CAPITAL—£160,000 in £1 shares ; 152,500 issued and fully paid up.
Directors.
Jacon CREEWEL (Chairnmn), S. B. Joan, J. Tumors, S. SACKE, and R. G. Fmcsaa.
. London Committee.
Cnasuas MURRAY, E. Escoams, and C. S. GOLDMANN (alternate J. SEEAR).
Secretary and Head Ofiicc.
N. J. SCHOLTZ (PO. Box 245), 8, City Chambers, Johannesburg.
London Secretaries and Ofiice.
Johannesburg Consolidated Investment Company, Limited, 7, Lothbury, E.C.
CAPITAL—Financial position (July, 1895): Cash in hand, £51,182. 7,500 reserve shares have
yet to be taken up by the guarantors at par.
DESCRIPTION or THE Paorsmxx—Situated on the farm Driefontein, in the district of Boks
burg. Approximate length on line of reef, 3,380 ft. ; the approximate depth of reef is 1,200 ft. The
property is bounded on the north by the Gardner and Balmoral Mines, on the south and west b
the W'itwatersrand Deep, and on the east by the Driefontein Consolidated. (For plan, see Vol. III).
 WITWA TERSRAND MINES. 141

MINING INTELLIGEYCE—All work has been done on the South Reef. 2 shafts have been sunk,
50 ft. south of the outcrop, to a depth of 140 ft. Driving done from No. 2 shaft, east 864 ft., and
west 228 ft. 4 winzes have been sunk, each 100 ft. below 1st level, and 859 ft. of driving done on
2nd level. No. 3 shaft has been sunk 273 ft., and 249 ft. of driving done at a depth of 149 ft.
ORE Rmmzvns—Estimated at 14,000 tons.

GLENCAIRN MAIN
REEF GOLD MINING COMPANY, LIMITED.
Formed in 1881.
CAPITAL—£225,000 in £1 shares ; all issued and fully paid up.
Directors.
B. I. BARXATO, M.L.A. (Chairman), J. Tvnnorn, E. Baarsnaw (Managing Director), S. B. Joan,
Woonr Joan, and 0. MARK.
Secretaries and Head Ofice.
Johannesburg Consolidated Investment Company, Limited, Johannesburg, Transvaal.
London Agents m'id Ofiee.
Johannesburg Consolidated Investment Company, Limited, 7, Lothbury, E.C.
CAPITAL CHANGEs.—Original capital, £175,000, of which £100,000 was subscribed at par, the
vendors taking £75,000 in cash and 75,000 fully paid up shares, thus leaving £25,000 as the
original working capital. In December, 1889, the capital was increased to £200,000 by the creation
of 25,000 new shares, which were sold at par in order to provide fresh working capital. After the
closing of the last accounts, June 30, 1894, the capital was increased to £225,000 by the creation
of 25,000 new shares, which were sold at 308., thus providing another £37,500 of working capital.
The total of cash provided is, therefore, to vendors, £75,000, and working capital, £87,500; total
cash provided, £162,500.
ACCOUNTS AND FINANCE—The Company entered the producing stage in 1890. The first profit
and loss account to November 30, 1889, showed a debit balance of £3,410 183. 7d.,which,on November
30, 1890, was increased to £10,991 188. 9d. The revenue during the latter year was £901 158. 6d.,
including £860 for gold realised. During the following financial year ended at November 30, 1891,
the first six months’ working returned a loss of £2,463 98. 3d. Crushing was then suspended for
three months, during which £5,225 18s. 7d. was expended on the development of the mine.
During the four months following crushing was resumed, this time realising a profit of £1,622 38. 6d.;
the total debit at the end of the year amounting to £16,157 78. 7d. During the same period the
Company was obliged to raise funds by borrowing, so that at the end of the year a bonded liability
was incurred to the amount of £20,000, all current liabilities being met out of this amount. The
year ended November 30, 1892, showed a marked improvement in the Company’s affairs, a profit
being realised for the twelve months of £26,963 128. 8d., which was principally employed to pay
off the bonded liability. At the end of this period a credit balance was carried forward of
£2,389 19s. 4d., after an amount of £8,416 58. 9d. had been written off for depreciation, leaving
the amount of net profit at £18,547 Gs. 11d. No further accounts were rendered until June 30,
1894, when the operations for the nineteen months showed a gross profit of £32,529 18. 4d., or, after
deduction of £7,060 08. 1d. for depreciation, a net profit of £25,469 ls. 3d. For 1894—5 the gross
profit was £65,069 48. 10d., and the net profit £46,003 158. 911.
Statement showing revenue and profit and loss since inception of the Company.
Period. Revenue from gold. Revenne from Net Profits. Losses.
other sources.
5 a. d. i I n. 1 .2 I a. d.—__ Em £ a. d. 4

To November 30, 1889 - 148 6 3 -— 3,410 18 7

,, ,, ,, 1890 860 0 0 41 15 6 -— 7,581 O 2
,, ,, ,, 1891 18,192 0 4 172 0 0 -— 841 195
{5,397 9'
4+
,, ,, ,, 1892 68,534 9 6 288 15 6 18,547 6 11 —
,, June ,, 1894 134,312 18 11 285 0 0 25,469 1 3 —
,, ,, ,, 1895 178,691 3 3 320 0 0 46,“)3 l5 9 —

5k years 4(X),590 12 0 1,255 17 3 90,020 3 11 l 17,231 3 10

" Working. f Development and interest.

1.12 FVITVVA TERSRAND MINES.

£ 8. d
Revenue from gold account up to June 30, 1894... 400,590 12 0
,, other sources ,, ,, ,, 1,255 17 3
Total revenue . . £401,846 9 3

.4 a?
Total amount of profit made 90,020 3 11
Less losses . .. . .. ... ... ’ 13231-310
Balance of profit on June 30, 1894 £72,789 0 1
Balance-sheet and Profit and Loss Accounts as at June 30, 1894 (ainiléninéams).

Balance-sheet (June 30, 1894).

£ a. d. 1 £ a. d.
To Capital .. 200,000 0 0 I By Plant and machinery 96,492 2 2
,, Cash deposits or applica ,, Property account 150,000 0 O
tions for new issue 32,552 14 8 ,, Gold in transit .. 11,493 3 5
,, Native pay due 1,387 7 5 , ,, Cash at mine and bankers... 1,961 2 1
,, Sundry creditors 6,570 17 2 | ,, Quartz at grass 27 0 0
,, Balance: profit and loss 27,859 0 7 ,, Stores on hand 4,758 2 1
,, Water rent prepaid 458 8 O
5 ,, Sundry debtors 180 2 1
_—____ : _______
£268,369 19 10 £268,369 19 10
rzr—z-n l ' i—'_‘_. ‘__*”-\1

Profit and Loss Accounts for 19 months to June 30, 1894.

Dr. .6 s. (1. 01'. £ 8. d.
(‘08* P91‘ to“- By gold from mill (30,225'79 oz.) 107,204 0 2
,.,",. . . 9805-56 oz. tailings 25197 7 9
1830 T° M‘Pmg expenses - 29,397 9 3 Z, Concentrates sold 1:911 11 0
P451 ,, Mine development Rents 285 0 0
(including three ”
months when bat
tery was not run
ning) 27,832 12 2
1422 ,, Hauling and pump
ingexpenses . 5,311 15 0
'370 ,, Tramming expenses 1,381 6 11
,, Milling expenses 13,408 15 4
2258 ,, Miscellaneous ex
penses 8,434 13 6
1510 ,, \Vater service 5,640 5 8

124-471 Cost per ton on 74,706

tons crushed.
To Cyanide working ex
penses 10,661 19 9 -
.5304 Cost per ton on 40,222
tons treated.
To balance: profit for
19 months... 32,529 1 4

$1345.97 18 11 £131,597 18 11
8. £ 8. d. £ s. (7.
1800 To Depreciation... 7,060 0 1 By Balance brought down 32,529 1 4
,, Balance carried for ,, Balance as at November 30,
ward 27,859 0 7 1892... 2,389 19 4
£34,919 0 8 £34,919 0 8
 WIT WA TERSRA ND MIXES. I43

Balance-sheet as at June 30, 1895.

Liabilities. £ a. d. | Assets. 1: s. ‘d.
To Capital (in £1 shares fully By Plant and machinery 124,722 15 7
paid) 225,000 0 0 ,, Property account (portion
,, Native pay due at date 1,500 0 0 of mynpacht) 153,000 0
,, Sundry Creditors 12,572 16 9 ,, Gold in transit (6,504'90
,, Drafts against gold shipped 13,500 0 0 ozs.) 22,446 0 0
,, Bank advance against gold ,, Cash at Mine and London
shipped... 6,377 2 7 Office 2,414 9 11
,, Balance, Profit and Loss 56,151 16 0 ,, Stores on hand 9,747 1 11
,, \Vater service (paid in
advance) 266 13 4
,, Sundry debtors 2,504 14 7

£315,101 15 4 £315,101 15
Profit and Loss Account for Twelve Months ended June 30, 1895.
Cost per Expcnditu re. 1 Revenue.
ton. | £ 8. d.
s. £ .9. d. By Gold won from battery
9501 To Mining expenses 38,28819 6 (32,477'25 ozs.) 114,661 0 7
0629 ,, Mine development 26,710 12 1 Gold W011 fl‘Om tailings
1'216 ,, Hauling and pump- I (20,211'08 ozs.) ,.. 57,17712 9
ing expenses 4,900 9 4| ,, Concentrates... 6,852 9 11
"400 ,, Tramway expenses... 1,613 2 10 ——
3'233 ,, Milling expenses 13,07717 21 178,691 3 3
2421 ,, Miscellaneousexpenses 9,755 9 11 , ,, Rents 320 0 0
‘769 ,, Water service (rent |
and maintenance) 3,097 8 6

‘24169 Cost per ton on 80,603

tons
Cyaniding 16,497 19 1
5101 Cost per ton on 64,685
tons treated
To balance carried for
ward 65,069 4 10
£179,011 3 3 _£1@,01_1 3 3

8- £ 8. d. £ a. d.
4731 To Depreciation and By Balance brought down 65,069 4 10
redem tion 19,065 9 1 ,, Premium on 25,000 shares
,, Dividen No.1 11,250 0 0 issued 10,413 19 8
,, Dividend No.2 16,875 0 0 ,, Balance from accountJune
,, Balance to next 30,1895 27,859 0 7
account 56,151 16 0

£103,342 5 1 ' £103,342 5 1

DIVIDENDS.-—
No. 1. August, 1894 5 per cent., equal to £11,250
,, 2. December, 1894 7§ ,, ,, 16,875
,, 3. June, 1895 15 .. ,, 33,750
27% per cent. £61,875

DETAILS or PRODUCI‘ION.——The Company started milling operations in 1890 with a 30-stamp

mill, which was increased shortly after to a 50-head mill. The 50 stamps were running for four
months only in 1891. The battery was then shut down for three months owing to lack of develop
ment, and crushing was resumed in September, 1891, with 20 stamps, gradually increasing until
in March, 1892, the full 50 stamps were operating again, and have been kept going since. In
144 WITWA TERSRAND MINES.

January, 1895, a further 20 stamps were added. The original 50 stamps were of light pattern—
being 650 lb. These were exchanged in 1893 for 950 lb. stamps, the battery, installation, etc.,
being strong enough to allow this exchange to take place.
The cyanide works, of 7,500 tons monthly capacity, were started in Jauuary, 1894.

Gold production from the inception of the Company to June 30, 1895.

Avrrawe .
-
Period. "
8111:3358. Tons
crushed‘ .
Total yield. held
tompe r Total value. Value per ton.

tons. oz. dwt. £ a. d. f. a d.

To November 30, 1890 —— —- — -— 860 0 O —
,, ,, ,, 1891 3722 17,859 5,018 5'62 18,192 0 4 1 0 4
,, ,, ,, 1892 47'5 37,142 18,631 10 68,534 9 6 1 16 10
,, June 30, 1894 50 74,706 30,226 8 134,312 18 11 1 15 11
,, July 1894 50 5,589 2,137 7'61 7,746 0 0 1 7 8
,, August ,, 50 5,503 1,753 6'37 6,310 0 0 1 2 11
,, September ,, 50 5,732 2,251 7'85 8,140 0 0 1 8 7
,, October ,, 50 5,660 2,393 8'45 8,614 0 0 1 10 5
,, November ,, 50 5,609 2,535 9'03 9,125 0 0 1 12 6
,, December ,, 50 5,244 2,435 9'28 8,763 0 0 1 13 5
,, January, 1895 70 8,238 2,999 9'28 , 10,797 0 0 1 6 2
,, February ,, ' 70 7,573 3,(X)0 7'92 , 10,800 0 0 1 8 6
,, March ,, 70 7,745 3,183 8'21 ‘ 11,458 0 0 1 9 7
,, April ,, 70 7,817 3,324 8'50 11,967 0 0 1 10 7
,, May ,, 70 7,894 3,312 8'41 11,923 0 0 1 10 2
,, June ,, 70 8,059 3,153 7'82 11,470 0 0 1 8 8

About 5 years 210,370 86,350 8'20 339,012 8 9 1 12 2

The total tonnage milled up to June 30, 1895, is therefore 210,370 tons, giving a total yield of
86,350'12 oz. of gold of a total value of £339,012 88. 9d., or a yield per ton of 8'20 dwt. of a value
of £1 12s. 2d. per ton.

CYANIDE Worms.
Production since the works were started up to June 30, 1895.

Momb- [ $25,123,211‘ Total yield. Yield per ton. Total value. Value per ton.

tons. l oz. dwt. £ £ a. d.

January, 1894 4,500 901'15 1 4'00 2,703 0 l2 0
February ,, 6,250 1,313'85 l 4'20 3,942 \ 0 12 7
March ,, 7,675 1,239 l 3'22 3,717 0 9 8
April ,, 6,386 2,246-65 l 703 6,739 1 1 1
May ,, 7,584 2,227'40 5'86 6,673 0 17 8
June ,, 7,827 1,864'00 ' 4'70 5,592 0 14 4
July ,, 4,379 1,209'00 ‘ 5'52 3,627 0 16 6
August ,, 5,250 1,661'00 6'32 4,983 0 18 11
September ,, 6,323 1,872'00 l 5'92 5,616 0 17 5
October ,, 6,535 2,034 ‘ 6'22 6,102 0 18 8
November ,, 6,355 2,347 7'38 7,041 1 2 3
December ,, 6,045 2,013 6'66 6,039 0 19 11
January, 1895 4,320 1,222'95 5'66 3,665 0 17 0
February ,, 4,709 1,502 6'37 4,506 0 19 1
March ,, l 5,495 1,677 614 5,031 0 18 3
April ,, 5,225 1,693 6'48 5,079 0 19 5
May ,, 5,356 1,525 6'69 4,575 0 17 0
June ,, 4,693 1,558 6'64 4,674 0 19 11

18 months. l 104,907 30,106'00 5-73 90,304 0 17 2-5

_ ~<Q~
 WITWATERSRAND MINES. 145

The total tonnage of tailings, treated in the cyanide works during 18 months, amounted to
104,907 tons, with a total yield of 30,103 oz. or 5'73 dwt. per ton, and a total value of £90,304 or
17s. 2'5d. per ton. The total amount of gold extracted from the mine is 116453'12 oz. from all
sources, of a total value of £429,316 88. 9d., or nearly 14 dwt. per ton of the average value of
£2 93. 4'5d. per ton milled and cyanided.
WORKING Cos’rs—During the period ended November 30, 1892, the total working cost
amounted to 22s. 0'638d. per ton, to which must be added 48. 6'38d. for depreciation, bringing the
total to 26'584s. per ton. During the 19 months ended June 30, 1894, the total cost, including
depreciation and redemption, amounted to 263618., showing therefore a slight improvement on
the former. The cost of treatment by cyanide during the same period amounted to 53048. per ton
treated, and, the average return being 14'68. per ton, the profit made was 92969. per ton. During
the year to June 30, 1895, the total cost, including depreciation and redemption (4'731s.), and
51013. for cyaniding, was 34-0013. per ton.
Dsscmr'rloN or THE Paorsm‘r—The property is situated on the farm Driefontein, Witwaters
rand, being a portion of the large mynpacht belonging to the Witwatersrand Gold Mining Company,
Limited. It is bounded on the west by the May Consolidated mynpacht, and on the east by
Knights Tribute. The property is 102 acres in extent, or about 72 claims in all. There are about
12} claims on the stake of the outcrop of the reef, and an average dip of 1,600 ft., thus making
the actual mining area equal to 50 claims. The Company further owns jointly with the May
Consolidated Company a water-right leased from the Witwatersrand Gold Mining Company, where
the two Companies have erected a powerful pumping plant, and from where the water is pumped
into a reservoir on the mine of 150,000 gallons capacity. (For plan, see Volume 111.).
MINING IN'I'ELLIGENca—Three or four reefs exist. The valuable reefs are the North
Reef, identical with that in the New Primrose and May Consolidated properties, and another
smaller bed known as the Slate Leader, which is parallel to the first-named, and separated usually
by a few feet of sandstone. This intervening sandstone widens and thins, requiring the two beds
to be worked sometimes with one and sometimes with separate stopes. The average width of the
two varies greatly, but together they are from 5 to 6 ft. in thickness. Other beds exist in the
property, but in the upper levels they are not payable. Their value in the lower levels should be
proved by the shafts sunk on the deep levels.
DEvEmPMENT.—The usual practice was followed in the early history of the Company of
sinking vertical shafts with incline winzes, but these shafts are now abandoned, and all develop
ment is carried on through the main incline shaft, which has been Sllllk on the reef in the centre of
the property. It is a large shaft 16 ft. by 5 ft. 6 in. and provided with two hauling-ways and a
pump-way. It is timbered to the 3rd level,—290 ft. The 4th level is at 420 ft., and the 5th at 550
ft. The shaft is now down to below the sixth level. From it the usual levels have been set off,
those below the 3rd being 130 ft. apart measured, on the incline. The three upper levels have been
driven to the boundaries, excepting at the east end of the property, where some 300 ft. of ground
remains intact owing to the action of the railway company, which refused to allow the drives to be
extended. This restriction has now been removed, and the Glencairn will be able to extract the
ore in this section up to the 1st level which had previously been stoped. On the 4th level the
drives are in 644 ft. west and 905 ft. east and the ore is blocked out. On the 5th level 565 ft. of
drifting has been done on the east side, and 352 ft. on the west. On the 6th level 16 ft. of
driving has been done (June 30, 1895). An overthrust fault has duplicated the reefs on the east
side of the shaft, giving an extra 90 ft. of backs over part of the mine, which can be reached by a
short cross-cut. The amount of ore developed on June 30, 1895, is estimated by the manager to be
70,“)0 tons. No dykes of consequence have yet been met with in the property, though it has been
stated that the large dyke in the adjoining property—the Glen Luce—will be cut in the lower
levels of the Glencairn. The manager, who has had both properties in his care, is of opinion,
judging from the course of the dyke, that it will not cut into the Glencairn propert at all, but if
it should it will be at a very low level and will not affect a very great portion 0 the property.
The value of the ore has increased somewhat in depth, and an improvement may be expected on the
past returns given above. The dip is rather increasing, if anything, at the bottom of the shaft,
where it is 45°. The average is about 42°.
EQUIPMENT.—This has been considerably added to recently, and it is now complete. The
new machinery includes head-gear, hauling and pumping plant, electric lighting and pumping
installation, boiler plant and cyanide works, and many new buildings, including a native compound.
The battery plant consists of a 70-head mill, 50 of the stamps having 850 lb. heads and 20, 950 1b.,
of the latest type, with automatic feeders throughout; a tailings pump, three 100 h.p. boilers and
powerful engine; a 25 h.p. high-speed engine and 2 Elwell-Parker d amos; all the required
equipment, including a small underground hoist and 3 pumps; assay o co and plant, and fitters’
and other shops, with machine tools. The cyanide works have a capacity at present of about 8,000
tons a month, with six leaching vats and three solution vats, complete with the usual boxes, retort
VOL. I. L
I46 WITI'VA TERSRA ND MINES.

ing and smelting furnaces, tramlines, etc. Large additions are now in hand in this department,
and six solid masonry towers have been put up to support the intermediate filling vats, which will
discharge into the leaching vats below. 30 new stamps, making 100 in all, and new cyanide works
to treat 12,000 tons a month, have just been erected. The mine machinery includes head-gear and.
Gates crusher, sorting-floors and ore-bins, with a rock-breaker engine; hauling engine, double’
cylinder and geared, of 75 h.p.; a pumping-engine of 60 h.p., and 10-in. Cornish plunger and lift
pumps, three 110 h.p. boilers and 2 Hirnant compressors of about 20-drill capacity. There is also
a large quantity of spare machinery no longer in active use, including winding and pumping;
engines, pumps and head-gears. The mine is supplied with the usual tramlines, trucks, ore-bins of
large capacity and rock drills. The buildings include Inen’s quarters, mine and battery managers’
houses, new native compound of large size, ofiices, stores, and mine buildings.

GLEN DEEP, LIMITED.

Formal in Jilly, 1895.
.
CAPITAL—£600,000 in £1 shares; 500,000 issued and fully paid up.
Directors.
L. PIIILLIrs, G. ROULIO'I‘, E. BIRKENRU'I'II, H. J. KING, and GEO. RICHARDS.
Head Oflice.
Johannesburg, Transvaal.
CAPITAL APPROPRIATION—TO the vendors, 366,000 shares; working capital subscriL-ed at
308. by vendors, £134,000; held in reserve, £100,000; total £600,000. The vendors are the-7
Goldfields Deep, the Rand Mines, the Consolidated Goldfields of South Africa, Messrs. Wernher,
Belt &. Company, Messrs. S. Neumann &. Company, and Mr. J. S. Curtis.
PROPERTY.—Comprises 184 deep level claims situated on the dip of the May Consolidated anti
Glencairn Gold Mining Companies’ properties, with the Rose Deep adjoining on the west. The
northern boundary is about 1600 ft. from the outcrop. (For plan, see Volume III.)
GENERAL REMARKs—The par valuation of the claims, on the basis of the vendors’ capital, is
£2,000 a claim.

GLEN LUCE GOLD MINING COMPANY, LIMITED.

Formed in 1895.
CAPlTAL—£225,0CO in £1 shares ; all issued and fully paid up. '
Directors.
S. B. JOEL (Chairman), F. ECKS'I‘EIN, and J. J. LACE.
London Committee.
EDMUND ESCOMBE and VVooLF Joan.
Secretaries and Head Oflice.
Johannesburg Consolidated Investment Company, Limited, Johannesburg, Transvaal.
London Secretaries and ()fl'ice.
Johannesburg Consolidated Investment Company, Limited, 7, Lothbury, EC.
CAP1TAL.—The vendors received 175,000 shares for the property and subscribed for 25,000
shares at £2 108. 0d. They received an option over the remaining 25,000 shares at £3, and this-
has been exercised. The working capital is therefore £137,500.
PROPERTY.-60 claims on the farm Driefontein. The Main Reef outcrops on the property.
The Glencairn Gold Mining Company is on the west, and the W'itwatersrand Gold Mining Com
pany (Knight’s) on the east, the Glen Deep and Knight’s Deep adjoining on the south. \See
Volume III. for plan.)
GENERAL REMARKS.—Th6 ground was worked for some time by the‘ Knight’s Tribute
Syndicate, with the results shown in the tables at the end of this volume. No milling has since
been done.
 WITI‘VA TERSRAND MINES. 1.17

GOLD FIELDS DEEP, LIMITED.

Formed in 1893.
CAPITAL—£000,000 in £1 shares.
' Directors.
CAPTAIN E. F. Rnonss, E. BIRKENRUTH, G. RICHARDS, and HENRY B. MARSHALL.
London Committee.
H. E. M. DAVIES, LEIGH Hosxvxs, and A. RADFORD.
Secretary and Head Oflicc.
D. RINTOUL (R0. Box, 67), Johannesburg, Transvaal.
London Secretary and Ofice.
J. T. BEDBOROUGH, 8, Old Jewry, E.C.
CAPITAL APPROPRIATION—TO the vendors, £300,000 shares; working capital, £150,000; held
in reserve, £150,000; total, £600,000. Most of the reserve shares have since been issued, the
exact number still in hand being unknown.
Accouxrs—Made up annually to October 31.

Balance-sheet at October 31, 1894.

Liabilities.
£ 9. d. 13 s. (I.
To Capital Account :—
600,000 shares of £1 each . 600,000 0 0
Less reserve shares unissued 135,000
,, Working capital :—
Unissued 90,000
- — 225,000 0 0
-_-——— 375,000 0 0
.,, Consolidated G. F. S. A. :—
Advance 23,000 0 0
,, Sundry creditors 1,369 5 2

£399,369 5 2

Assets.
£ 8. d.
By Property account :—
4‘24 claims and water-right 236,944 0 0
,, } interest in Heron Mere :—
Dam and Lease 2,890 10 5
,, Interest on Golden Fleece Block - 11,151 9 9
,, 75,000 Robinson Deep shares ; 30,000 Rose Deep shares 87,401 0 0
,, Rose Deep \Vorking capital :—
Calls paid on 15,000 shares 9,500 0 0
,, Robinson Deep Working capital :—
Call of 2s. per share paid on 225,000 shares 22,500 0 0
,, Robinson Deep, Limited :—
Balance due for shafts, machinery, buildings, etc., taken over at
cost . 11,373 19 0
,, Consolidated G. F. S. A. :—
Call of 2s. per share on 75,000 Robinson Deep \Vorking capital
shares . 7,500 0 0
,, Sundry debtors 5,529 14 2
,, Livestock 20 0 0
,, Cash in bank and on hand 210 0 6
,, Profit and loss account 4,348 11 4

£399,369 5 ‘l0
I48 WITWA TERSRAND MINES.

Profit and Loss Account for period ending October 31, 1894.
Dr. £ a. d. Cr. £ .9. d.
To Telegrams 7 13 0 By Rent 214 15 O
,, Stationery 120 13 6 ,, Transfer fees 47 18 6
,, Bank charges 2 10 6 ,, Commission on trade account 11 16 2
,, Licenses 1,545 0 0 ,, Balance 4,348 11 4
,, Preliminary expenses... 340 0 0
,, Salaries 200 O 0
,, Interest, commission and ex
change 374 17 7
,, General expenses 653 5 1
,, Survey expenses 122 16 6
,, Legal expenses 595 15 8
,, Kafiir passes 5 0 0
,, Stabling 41 6 0
,, Advertising and printing 33 10 0
,, Directors’ fees... .. 363 8 10
,, Insurance 18 15 0
,, Medical ofiicer’s salary 24 0 0
,, Postages 2 8 4
,, Rent and agency account 172 1 0

£4,623 1 0 £4,623 1 0

PROPERTY.-—The holding of the Company originally consisted of 590 claims, situated south
of the Robinson, Ferreira, Village Main Reef, Nourse Deep, Jumpers Deep, Geldenhuis Deep,
Simmer and Jack, Rose Deep, May Consolidated, Glencairn, Knight’s Tribute (Glen Luce) and
Witwatersrand Companies. Out of the above 590 claims, 17 claims were sold to the Rose Deep,
and 149 claims to the Robinson Deep, leaving 424 claims. Since then 5 new companies have been
formed, the Simmer and Jack West, Simmer and Jack East, Glen Deep, Knight’s Deep, and South
Salmon, to which the Goldfields Deep contributed 140 claims, leaving 284 intact which are prin
cipally situated under the Nourse Deep and Jumpers Deep. In addition to the above claim
holdings, the Company has the following undivided interests: 45 per cent. share of Turfi'ontein
Estate (south of Robinson, Ferreira, Wemmer, etc); 22% per cent. share of City and Suburban
Deep (south of City, Meyer and Charlton, etc); 45 per cent. share of English Block (south of
Simmer and Jack); 22!; per cent. share of Klipriversberg Estate (south of City, Wolhuter, Spes
Bone. and Goch); 50 per cent. share of Booysens (south of Crown Reef and Robinson); 33k per
cent. share of Ingramsburg (south of \Vemmer and Salisbury). A large holding in the Concordia
Estate, on the farm Vierfontein (south of Paarl Central, Langlaagte Royal, and Langlaagte Estate),
and a number of other claims, etc. The ground is situated at distances varying from one to two
miles from the outcrop. From the 5 companies recently floated the Company receives 370,736
vendors’ shares for its 140 claims. The Company received 51,000 Rose Deep shares for 17
claims, and 300,000 Robinson Deep shares, out of a capital of £400,000, for 149 claims. Of the
latter shares, 75,000 represent the payment to the Goldfields Deep as vendor, and 225,000 were
subscribed at par.
SHARE ASSE1‘S.~—Th6 Company had originally 590 claims, out of which it has disposed of 306
claims, receiving in exchange 1,185,736 shares. In addition to the claims and undivided interests
above specified, the Company’s shareholdings principally consist of :—
51,000 Rose Deeps, which, taken at the price of 4361;, are equal to £331,500
300,000 Robinson Deep shares ,, ,, ,, at ,, ,, 2,400,000
- - taken at £4 per share representing £2 248 544
mgegnd Jack West’l less £186,400 representiiig 186,400 shares, in ’the
20;’110 Ksin ht, Ii’) above Companies underwritten at par, which is the 2,062,144
5,.’ - g s ee ’ Company’s proportion of the subscription of the re
"576 simmer and Jack East’ spective working capitals £4,793,644

Deduct working capital shares of the Robinson Deep, and proportion of the Rose
Deep, at par 246,000

The Company's share interests at a recent valuation represent £4,547,644

 WITWA TERSRA ND MINES. 149

The Company’s share interests at present prices (September, 1895) are therefore equal to £7 11s. 9d.
per share, reckoned on the full capital of £600,000.
'BOREHOLFB.—Tlle Goldfield Deep, in conjunction with Messrs. VVernher, Beit & Company, and
Messrs. S. Neumann & Company, are putting down a borehole in Bezuidenville, close to the north
boundary of Klipriversberg, which is 1} miles distant from the outcrop. It is expected that the
reef will be struck at a depth of about 3,500 ft., and it should be intersected in the borehole about
February, 1896.

GORDON ESTATE AND GOLD MINING COMPANY, LIMITED.

Formed October 30, 1889.
CAPITAL—£175,000 in £1 shares; all issued and fully paid up.
Directors.
J. W. PEIRSON (Chairman), D. J. PULLINGER, OWEN RELLY, H. C. HULL, S. B. Jenn,
GEO. HURRY, and B. KOENIGSBERT.
Sr'cretary and Head Oflice.
EDGAR ‘VAUGH (PO. Box 574), 56, Barnato Buildings, Johannesburg.
APPROPRIATION or CAPITAL—The original working capital was £20,000, which was under
written at 128. 6d. per share, thus absorbing 31,640 shares. 15,000 shares were held in reserve,
and the balance of 128,360 shares went to the vendors. The reserve shares (15,000) were sold in
March, 1895, for £5,167 12s. ; thus, the whole capital provided was £25,167 128.
ACOOUN'I'S.—These were formerly made up annually to March 31. The last accounts, how
ever, have been made up to April 30, 1895.
Balance-sheet and profit and loss account at April 30, 1895 :—
Balance-sheet.
Liabilities. £ a. d. Assets. .6 s. d.
To Capital account 175,000 0 0 By Property account 140,000 0 O
,, Cash... 4,554 17 0
,, Sundries 1,340 19 6
,, Buildings 1,340 4 7
,, Tree-planting account 991 11 6
,, ‘Mining account 7,896 6 1
,, Machinery and plant 2,0“) 0 0
,, Stores 77 4 9
,, Profit and loss account 16,798 16 7

si'ie,ooo_o_ £175,000 0’ 0
Profit and Loss Account for 13 months to April 30, 1895.
Dr. £ a. d. Cr. L s. d.
To Balance, March 31, 1894 4,177 9 9 By Revenue account 544 5 8
,, \Nritten ofi' loss on sale of ,, W. Warne, amount forfeited 15 3 9
reserve shares (15,000 9,832 8 0 ,, Balance 16,798 16 7
,, Lease account 350 0 0
,, General ex nses 427 1 6
,, Interest
Directors’ ees 162
48 153 o
3

,, Depreciation on machinery 433 0 8

,, Salaries 386 5 11
,, Boring charges and boring 1,541 2 0
£17,358 6 0 £17,358_
The debit balance at date of April 30, 1895, was therefore £16,798 168. 7d., which includes the
amount of £9,832 88. lost on the sale of the 15,000 reserve shares, written off, leaving an actual
loss on the Company’s operations of £6,966 80.711. The Company, owning an estate, derives a
150 IV] T WA TERSRA ND MINES.

revenue from claim licenses. This amounted, during the last financial period, to £544 58. 8d., as
against £543 168. 6d. during the year ended March 31, 1894, £392 118. 3d. to March 31, 1893, and
£350 28. 6d. to March 31, 1892. Against this revenue the Company has to pay at present £300
r year under the lease under which the property is held. The lease runs for 30 years at a rental
of £2(I) for the first 5 years, £300 for the second 5, £400 for the third 5, and £500 per year
afterwards until conclusion of the lease. Besides this the Company pays £50 per annum for its
mynpachts.
DIBCRIPTION OF THE PRDPER'I'Y.—-Tlle property consists of a portion of the farm Witpoortje, held
under lease as specified above. It is situated between the Princess Estate and Gold Mining Com
pany, Limited, and the remainder of the farm \Vitpoortje, about 9 miles to the west of Johannes
burg, on the continuation of the Main Reef series. There are two mynpachts—one of about 100
morgen in the southern portion of the Estate, being on the dip of the Main Reef; and one smaller
one in the northern part, being on the supposed continuation of the Champ d’Or series of reefs.
The Company has a valuable freehold water-right. In addition the Company has acquired (in
September, 1895) the 36 claims of the New Gipsy property, adjoining the southern mynpacht on
the north-east. (For plan, see Volume III.)
MINING IN'rELLIoENcn—The work done on the mynpacht consists of several shafts by which
two reefs, called the South Reef and Gordon Reef were opened up. The South Reef showed in the
shaft and at the 1st level, 118 ft. from surface, an average assay value of 98 dwt.; while on
further extending the level, the average receded to 5'3 dwt., in consequence of which further
development was suspended. More work has been done on the so-called Gordon Reef, the same
being driven on for some considerable distance on two different levels. A test crushing, made of
ore above the 130-ft. level, resulted in a total value exceeding 8 dwt., while a mixed crushing of
ore down to the 160-ft. level resulted in a total of 12 dwt. 15 gr. per ton. During the last year,
boring operations were started to ascertain the position of the Gipsy Reef within the north—western
part of the mynpacht. These were continued to a depth of 899 ft. without any satisfactory result
being obtained, and, in consequence, boring was stopped. The lay of the country in the vicinity
being now better known, it has been found that the boreholes were not made in the most likely
place to strike the reefs ; and, therefore, boring will be recommeuced.
GENERAL REMARKs—The Company, in September, 1895, purchased the assets of the New
Gipsy Gold Mining Company for 22,500 Gordon Estate shares, and £2,000 in cash. The New
Gipsy has 36 claims immediately to the north of the Gordon Estate’s southern mynpacht.

GREAT BRITAIN GOLD MINING AND ESTATE COMPANY, LIMITED.

Formed in December, 1888, and rc-formcd in February, 1895.
CAPITAL—£100,000 in £1 shares ; 60,100 issued and fully paid up.
Directors.
R. G. FRICKER (alternate F. W. DIAMOND), J. CREEWEL, F. A. ENGLISH (alternate
J. L. BILBROUGH), and H. LACKE.
London Committee.
F. A. ENGLISH and C. MURRAY.
Secretary and Head 017100.
J. FRASER, 17, Barnato Buildings, Johannesburg.
London Secretary and Ofllce.
H. L. CLARIDGE, Warnford Court, Throgmorton Street, E0.
CAPITAL CHANGES, AND HIsroRY.—Original capital, £170,000, of which the vendors received
130,000 shares and 40,000 were subscribed as working capital. In addition to this the Company
sold half of its original battery (50 stamps): that is, 25 stamps for which the Company had no
use,
whichtogether with some other
was encumbering plant and After
the property. material, for the urpose
unsuccessfulJ of discharging
operations a loan
the mine was let onof tribute,
£4,000
but the tributors had to relinquish their contract. The great drawback was the refractory nature
of the ore. Although the assays gave good payable results, the crushings made returned only 3
dwt. The ore evidently requires a proper plant for treating refractory ores in order to obtain a
good extraction. In February, 1895, the Company was reconstructed with a capital of £100,000,
 WITWA TERSRAND MINES, 1511

‘having a suburibed working capital of £38,000; 22,100 shares were given to the old shareholders,
12,000 shares held in reserve, and 27,900 constituting a further reserve to be issued when
required. The financial position of the new Company in July, 1895, was as follows: Of the
working capital subscribed, £25,500 was in hand, and £12,500 was still to be received. The last
accounts of the old Company were dated May 31, 1891, since which time the mine as well as
.surface workings have been shut down until after the reconstruction, when preparations were
made to re-start operations. The following extract from balance-sheet and profit and loss account
at the time of shutting down the mine will give an idea of the assets and the financial position
of the Company at that time.

Balance-sheet as at May 31, 1891.

Liabilities. £ 8. d. Assets. £ 8. d
’To Capital account 170,000 0 0 By Property . . 130,000 0
.,, Sundry creditors i 103 13 0 ,,,, Machinery
Buildings and plant 1,433 19
2,076 4 3
4
,, Magazine building 69 15 0
,, Battery and building 8,781 5 6
i ,, Permanent mine 4,000 0 0
; ,, Battery site 175 0 O
' ,, Machinery and plant 5,949 3 9
,, Furniture and stores 438 14 5
,, Insurance prepaid... 18 14' 3
,, Mynpacht dues prepaid 44 17 10
,, Sundry debtors 359 10 6
,, Cash in Standard Bank 32 6 1
,, Balance—profit an loss
account 16,724 2 1
£170,103 13 0 £170,103 13 0

Profit and Loss Account.

Dr £ 8. d. l Cr. £ s. (I.
‘To Balance from last statement 16,542 17 3 , By Received from lessee 429 14 0
,, General charges 608 18 10 ,, Balance 16,724 2 l
,, Loss on live stock 2 0 0

£17,153 16 1 £17,153 16 1

DEscRn'Tlox OF THE PR01‘ERTY.—Tl16 property consists of two mynpachts and the owners
rights of the farm Vogelstruisfontein, together with a servitude of water on the adjoining farm
"‘ Klipspruit.” The farm “Vogelstruisfontein” comprises 3,056 acres, and is situated about 9 miles
west of Johannesbnrg, bounded on the north by the farm “ Roodepoort,” on the west by the “ Steyn
Estate,” and on the east by “ Klipspruit.” The whole is held under lease at an average rental of
£185 per year for the first 20 years, and thereafter in perpetuity at £400 per annum. The two
mynpachts are in extent about 180 and 108 acres each; giving a total mining area equal to
about 208 claims. No. 1 mynpacht is on the northern portion of the farm, in extent 108 acres,
and is on tfhe Kimberley series of reefs; and mynpacht No. 2, in extent 180 acres, is on the Steyn
state ree s.
MINING INTELLIGENCE—The principal work was done on No. 1 myn acht, or on the Kimberley
587103; the principal reef worked on being recognised as the Ida Ree , from 6 to 8 ft. wide, and
expected to yield from 9 to 12 dwt. per ton. These expectations have, however, not been realized,
owing to the ore proving highly refractory. A main shaft, 13 ft. 7 in. by 6 ft. 6 in. in the clear,
has been sunk to a depth of 116 ft. on the southern side of the reef, and a level laid out at 50 ft.
and at 10;) ft. depth. Besides this there is an air shaft, 7x5 ft., sunk to 159 ft. depth. Al
together some 323 ft. of driving has been done. On mynpacht No. 2 only prospecting work has
‘been carried on, several shafts having been sunk at no great depth, and a little riving done.
EQUIPMENn—There is a 25-stamp head-mill complete, and hauling machinery.
 152 U’IT WA TERSRAND MINES.

GREY'S MYNPACHT DEVELOPING SYNDICATE, LIMITED.

Formed in May, 1895.
CAPITAL—£50,000 in £1 shares; all issued and fully paid up.
Directors.
W. H. ADLER (Chairman), H. B. MARSHALL, and F. M. VVoLnU'rsR.
Secretary and Ofiice.
W. MCCALLUM, Marshall’s Chambers, Johannesburg, Transvaal.
CAPITAL—Apprqwim'mn: The vendors received 40,000 shares, and the remaining 10,000
provided a working capital of £10,000.
PROPERTY.—Consists of the mynpacht on the farm Witpoortje, in extent 162 morgen 128
~‘roeden, equal to about 340 acres. It adjoins the French Rand Gold Mining Company on the east.
GENERAL REMARKS.—A meeting was held on August 13, 1895, to consider a provisional
proposal made by the South African Investment and Trust Company for the flotation of the
Syndicate’s assets into a Company. The capital was to be £350,000. To the Syndicate for all
assets exclusive of cash, 3 shares for 1 share, £150,000; working capital to be subscribed at par by
the principals, £75,000 ; to the promoters for guaranteeing the working capital and procuring flota
tion, £50,000; reserve, £75,000; total, £350,000. The principals to have an option over the
reserve shares—over 25,000, for 6 months at par; over 25,000, for 12 months at par; and over 25,000,
for 18 months at par. The shareholders at the meeting considered that half of the underwriting
should be given up to them. Messrs. L. Hirsch &. Co. thereupon offered to let the shareholders
have £25,000 of the underwriting, the shares to be pooled, but these modified terms were rejected.
A further scheme, on the lines indicated above, and falling in with the shareholders’ views, is
expected to be brought forward.

HEIDELBERG GOLD MINES, LIMITED.

Formed in May, 1895.
CAPITAL—£500,000 in £1 shares.
Directors.
Loan DE L’IsLE AND DUDLEY (Chairman), AUGUSTUS R. CLENCH, Hos. DUDLEY O. MURRAY, Max
POLLAK (Paris), EMILE RorHscmLn (Paris), and MAJOR-GENERAL E. H. STEWARD, C.M.G.
Secretary and Ofice.
C. T. Fox, 32, Great St. Helen's, E.C.
CAPITAL APPROPRIATION.—Tl'le vendors received 450,000 fully paid shares. The number of
shares issued to provide working capital is unknown.
PROPERTY AND LocALI'rY.—A portion (2,260 acres) of the farm Houtpoort, close to the town
of Heidelberg, Heidelberg district. .
GENERAL—Th6 Company was registered as the Rothschild Gold Mines, Limited; but in June,
1895, the name was changed to the Heidelberg Gold Mines, Limited. It is claimed that the Nigel
and several other reefs pass through the property, and that the Main Reef traverses it from north to
south. Three shafts were started on one of the reefs in July, 1895, and it is proposed to sink other
shafts at distances of 500 ft. from each other. Coal has been discovered on the property, the seam
being stated to be 14 ft. thick; and the Company contemplates a siding connecting the property
with the Natal-Johannesburg Railway, so that a market may be found for the coal.

HENDERSON'S NIGEL, LIMITED.

Formed in July, 1895.
CAPITAL—£360,000 in £1 shares; 310,000 shares issued and fully paid up.
- Directors.
XV. P. HENDERSON (Chairman), ALFRED GAUSSEN, F. C. Polssox, and Bsnox vox CRAMM.
Secretary and Ojfice.
W. L. CASTLEDEN, 85, Gracechurch Street, E.C.
. CAPITAL—260,000 shares were paid to the vendors (the Henderson’s Transvaal Estates,
Limited), 50,000 have been issued at par to provide £50,000 of working capital, and 50,000 are held
in reserve.
 WITWA TERSRAND MINES. 153

AocouivIs—None yet issued.

PRoPER'r\'.—246 claims at the eastern end of the farm Varkensfontein, Heidelberg district,
adjoined on the east by the East Nigel Gold Mining Company. The property is 4,500 ft. distant
from the eastern boundary of the Nigel Gold Mining Company. The Nigel Reef outcrop lies some
distance to the south and east of the claims.
GEXERAL RE.\IARKs.—-Mr. A. R. Sawyer estimates that the Nigel Reef will be struck at a
depth of 350 ft. The ground has not yet been opened up, but two boreholes are being put down
to locate the reef before shafts are sunk.

HENRY NOURSE GOLD MINING COMPANY, LIMITED.

‘ Formed in 1887.
CAPITAL—£125,000 in £1 shares; all issued and paid up.
Directors.
LIONEL PHILLIPS, Chairman (alternate F. EFKSTEIN), HENRY NoURsE, A. T. Scunnrr,
GEORGE FARRAR, CARL HANAU, and J. BERLEIN (alternate W. DEI'I'ELBACH).
' London Committee.
CHARLIE RUBE, H. MAYNARD, and F. A. ROBINSON.
Secretary and Head Oflice.
A. E. PAGE, Johannesburg.
London Secretary and Oflice.
VIc'mR TAYLOR, Warnford Court, Throgmorton Street, E.C.
CAPITAL Cursors—Originally £35,000, increased in 1888 to £50,000, and to £100,000 in 1890.
In March, 1894, the capital was again increased to £125,000 in order to provide funds for a new
40-stamp battery, cyanide works, and rock-drill plant. The 25,000 new shares were ofi'ered to the
shareholders at 40s. each, and were readily taken up, producing £50,000, which was placed to a
separate account to be utilized for capital expenditure only.
ACCOUNTS AND FIsAscEs.—Acoounts are made up annually to June 30, and submitted to
a subsequent general meeting held in August.

Balance-sheet and profit and loss accounts for the year ending Jone 30, 1894 :—

Balance-sheet, June 30, 1894.

Liabilities. £ .9. d. Assets. £ 8 d.
To Capital account 125,000 0 0 By Property 26,500 0 0
,, Sundry creditors 6,262 7 9 ,, Water right 220 3 11
,, Profit and loss account 53,812 19 0 ,, Mine development 44,404 6 0
,, Machinery and plant 35,699 4 8
,, Cyanide works 6,087 6 5
,, Buildings 7,861 5 8
,, Tramway and plant... 2,105 13 5
,, Tools, furniture, etc. 61 12 1
,, Live stock 168 0 0
,, New mill and dam (expen
diture to date) 475 19 0
,, Cash at Standard Ban-Ii,
Johannesburg 19,251 5 11
,, Cash at Standard Bank, Lon
don... 35,088 0 l
,, Cash at Mine Ofioe... 73 18 1
,, Gold on hand .. . 3,560 4 0
,, Stores 2,554 5 2
,, Sundry debto 412 2 4
a
I

#:1859770 . £185,075 :6_ a

mid-fill)
\l-ILIS‘UP:
“."AINQ’,
‘SUM-Mi‘,- 1, .4411 _/
154 1V] T WA TERSRA .\'D MINES.

Profit and Loss Account (No. 1) for the year to June 30, 1894.
Dr. £ 8. (1. Cr. £ a. d.
To Quartz mined 28,461 2 3 By Gold won from mill,
,, ,, sortedand trammed... 1,943 12 6 .19,993'23 oz. _ 74,223 5 10
,, ,, crushed 1,142 8 10 ,, ditto from cyanide works,
,, ,, milled 6,426 1 9 8,034'40 oz. 22,924 3 5
,, ,, cyaniding 9,620 3 6
,, General charges 5,174 14 5
,, Mine development redemptio 9,366 16 0
,, Balance, profit for year 35,012 10 0
53mm ems—9
£ 3 d.
Total gross profit realized for year 35,012 10 0
Less depreciation ' 8,664 10 8

Net profit for year £26,347 19 4

Profit and Loss Account (No. 2) for year ending June 30, 1894.
Dr. £ 8. d. Cr. £ s. d.
To Accounts written off for de- July 1, 1893.
preciation 8,664 10 8 l By Balance from last statement 2,320 0 2
,, Balance carried forward to ,, Transfer fees 24 19 6
next year 53,812 19 0 ,, Rent water right 120 O 0
,, Profit on 25,000 new shares 25,000 0 0
,, Gross profit for year 35,012 10 0
£62,477 9 8 £62,477 9 8
i.
Balance-sheet and profit and loss accounts for the year ending June 30, 1895.
Balance-sheet showing Liabilities and Assets at June 30, 1895.
Dr. Liabilities. (Yr. Assets.
£ 8. d £ 8. d.
To Capital account 125,000 0 0 By Property ' 25,200 0 0
,, Standard bank overdraft 13,850 2 7 ,, Water right... 220 3 11
,, Bill payable 10,000 0 0 ,, Mine development and main
,, \Vages and salaries outstand- shafts 73,051 2 10
ing .. 4,488 19 3 Mine develop- £ 8. d.
,, Sundry creditors 6,852 6 0 ment 50,392 13 8
,, Profit and loss account 79,043 7 2 Shafts 22,658 9 2
Y ,, Machinery and plant 108,360 10 5
i ,, Buildings 10,281 19 8
', ,, Furniture 391 19 1
1 ,, Live stock 224 17 O
l ,, Cash, London
ofiice 5,493 12 0
,, Cash at mine
oflice 33 2 7
i ,, Gold in hand 7,519 e 9
l ——_— 13,040 3 4
,, Stores... 6,776 8 11
i ,, Investment 870 0 0
Chamber of
mines de
bentures 200 0 0
, Shares Rand
, Mutual As
suranceCom
i pany, Ltd. 670 0 0
i ,, Sundry debtors 817 10 4

£299,291 15 no \ £299,294 15 e
 WITW'A TERSRAND MINES. I55

Profit and Loss Account to June 30, 1895.

No. 1 Amount.
Dr. ‘ ‘ Cr.
£ 8. d. £ s. d. I £ 8. d.
To Quartz mined 39,802 4 3 ‘ By Gold won—
,, ,, sorted From mill, 21,523-09ozs. 79,316 17 5
and trammed 2,486 9 8 ,, cyanide works 7,997'85 ,, 24,221 12 4
,, Quartz crushed - ' -— m
and milled 8,243 9 5 Total 29,520'94 ozs.
,,Mine Develop- ““ “
ment Redemp
tion Account 11,746 8 0
—-—— 62,278 11 4
,, Tailings treated by cyanide
process . 9,147 3 4
.,, Balance 32,112 15 1

£103,538 79 ‘9 9 9

No. 2 Account.
_ £ 3. 1!. £ 8. (1. £ 8. d.
To Amounts Wrltten By Balance from June 30, 1894 53,812 19 O
01f for Depre- ,, Rent 173 O O
ciat1on 6,975 15 3 ,, Interest .. 216 6 9
,, Legal expenses ,, Transfer fees 4 1 7
account -. 300 0 0 ,, Balance of No. 1 Account 32,112 15 1
—— 7,275 15 3
,, Balance 79,043 7 2

£86,319 2 5 £86,319 2 5

Comparative statement of profits and loss made since 1st January, 1890 :—
‘To June 30, 1890, £1,518 18:. 111., loss (owing to writing of!‘ 50 per cent. on per
manent works amounting to £10,520 58. 10d.) £1,518 18 1
For year ending June 30, 1891, net profit 2,716 19 3
,, ,, June 30, 1892, loss (owing to writing off £3,544 58. 6d. bad
debt) 382 0 8
For year ending June 30, 1893, net profit 2,702 0 10
,, ,, June 30, 1894 ,, 26,347 19 4
,, ,, June30,1895 ,, 25,230 8 0

Working Expenditure and Revenue.

. l _ 1 I 2'
2'? l 5 3'2 Licenses Q‘; 1
Period. oi Mining- Carting.'Milling. ,, 533 Direct. !. g". Total cost per ton.
a E I ' .22 5 fees. 5! v 1
O . | v 9: "8 <
i ! ‘ ' , ' a]

£ 8. d. In. (I. '8. d. g_ (1, ii: (I. "and £ 8- d- £ "- 41

Hnlf-year ending— I ' i |
Dec, 1891 4,494~013 51 ,1 31 ,910; 411., i * j 1 9 7
June,1892 5,267 014 4 .11 :9 a 6 7 '2 9 i 114 0
Dec., 1892 6,675 0 15 0'85’ 1 6'27 13 3'68 2 233 211-00 1 10 018
v—_(_/
‘ l l s d. I
June,1893 8,1221 4 3 2 8515 01 r, 01 l 12 o 6
Yearending— l l 8 0 g1 16 10'20}2 4 1020
June, 1894 23,417 1 4 {169,2 7'62, 5 5- 4 too i 0 s 0
June, 1895 . 29,366 1 7 1'29 ‘ 1 8' I 5 7'37 ;8 O 2 2 4984
I56 IVITIVA TERSRAND MINES.

During half-year ending June 30, 1889,— £ 8. d.

Quartz mining and milling operations left a loss of 3,353 15 3
During half-year ending December 31, 1889,——
Quartz mining and milling operations left a profit of 1,256 17 7
During half-year ending June 30, 1890,—
Quartz mining and milling operations left a profit of 1,098 4 1
During year ending June 30, 1891,—
Quartz mining and milling operations left a profit of 5,242 2 4
During half-year ending December 31, 1891,—
Quartz mining and milling operations left a profit of 5,517 3 1
During half-year ending June 30, 1892,—
Quartz mining and milling operations left a profit of 5,913 1 8
During half-year ending December 30, 1892,—
Quartz mining and milling operations left a profit of 8,605 3 9
During half-year ending June 30, 1893,—
Quartz mining and milling operations left a profit of 1! 5,807 3 113 Mill.
3,162 1 Tailings.
During year ending June 30, 1894,—
Quartz mining and milling operations left a profit of 1 23,120 16 10 Mill.
1 11,891 13 2 Tailings.

Statement showing profit per ton from gold won from July 1, 1893, to June 30, 1894.
£ 8. d. .6 3. d.
Value of gold won from mill .. 3 3 4-755
,, ,, ,, cyanide works 1 1 0-375. 4 or
4 Q}!
Total working expenses :—
Mining, milling, etc. 2 4 10'2
Cyanide works 0 10 1-45
2 14 1165

Average of returns byTotal

plateprofit per ton :—
amalgamation 55
£19‘

tcns. oz. dwt. dwt. gr

Half-year ending June 30, 1889. Crushed 5,102. Yield 1,709 8. Yield per ton 6'70).
,, ,, Dec. 31, 1889. ,, 4,441. ,, 2,616 17. ,, ,, 12.
,, ,, June 30, 1890. ,, 3,657. ,, 2,169 19. ,, ,, 12.
Year ,, June 30, 1891. ,, 8,259. ,, 5,083 10. ,, ,, 12 wrws
Half-year ,, Dec. 31, 1891. ,, 4,494. ,, 3,438'9. ,, ,, 15
,, ,, June 30, 1892. ,, 5,267. ,, 3,807'89. ,, ,, 14 1
,, ,, Dec. 31, 1892. ,, 6,670. ,, 5,071'47. ,, ,, 15
,, ,, June 30, 1893. ,, 8,122. ,, 6,003'6. ,, ,, 1478.
Year ,, June 30, 1894. ,, 23,417. ,, 19,993'23. ,, ,, 1707.
,, ,, June 30, 1895. ,, 29,366. ,, 21,523-09. ,, ,, 14658.

Total value of gold recovered since the existence of the Company to February 28, 1895 :—
£ “or F“
During
,, 1888
half-year ending June 30, 1889 mam
mm codo
oi owecom o cec~ci-l>w-mo =¢
,, ,, ,, Dec. 31, 1889 ans H
,, ,, ,, June 30, 1890 72M
,, year ,, June 30, 1891 mus
,, half-year ,, Dec. 31, 1891 12449 r-u-hn-l
,, ,, ,, June 30, 1892 mmm
,, ,, ,, Dec. 31, 1892 18,875
,, year ,, June 30, 1893 en1s7 Ht—l
H

,, ,, ,, June 30, 1894 97,147

,, ,, ,, June 30, 1895 I: 1 was
£39a311
 WI 1 WA TERSRA ND MINES. 157
Cyanide Works : During six months ending June 30, 1893, 12,650 tons were treated, yielding
3040'9 oz.=4'80 dwt. per ton. During twelve months ending June 30, 1894, 21,800 tons were
treated, yielding 8034'4 oz. =4'976 dwt. per ton. During eight months ending February 28, 1895,
13,700 tons were treated, yielding 5364'55=7'831 dwt. per ton.
The cost of treating 12,650 tons amounted to £5,919 16s. 5d., yielding gold valued at
£9,082 15s. 1111., leaving a profit of £3,162 198. 6d.
3. d.
Value per ton of ore treated as above 1 6
Cost ,, ,, ,, ,, 9 4

Profit per ton 5 2

During the year ending June, 1894, 21,800 tons were treated, costing £11,032 108. 311.; the
yield had a value of £22,924 38. 511., leaving a profit of £11,891 138. 2d. as follows :—
s. d.
Value per ton of ore treated as above 21 '30 per ton.
Cost ,, ,, ,, ,, 10 1'45 ,,
Profit per ton 10 1085 per ton treated.
The Company treated 1,800 tons per month during twelve months ending June 30, 1894.

DESCRIPTION OF PROPERTY.—The property consists of 42 claims on the Main Reef series.

The outcrop of the Main Reef series traverses the property for a distance of 5,000 ft. The distance
from the reef outcrop to the southern boundary is at the western portion of the mine 350 ft., at
the central section 250 ft., and at the eastern section 310 ft. Between the central and the eastern
sections the Company also possesses a block of ground forming the first dip. It has a length of
5(1) ft. and a width of 400 ft. Apart from this ground, the Company owns a large stretch of ground
south of the Metropolitan and the Henry Nourse Company’s outcrop claims under “Bewaar
plaatsen.” The Government has hitherto reserved all rights of mining on these specially reserved
areas; but this question is to be settled at an early date, when the Company will most probably
come in possession of a most valuable extent of deep level ground. The property is situated
between the Metropolitan on the west and the Heriot on the east. The title of the Company
is unassailable on account of the possession of “ Bezitrecht,” which ensures Government protection.
Distance of mine from Johannesburg, 3}, miles. (For plan of property, see Volume III.)
MINING IN'I'ELLlGEXCE.—((l) Reefs. The reefs contained in the property are the Main Reef,
Middle Reef, and South Reef. The reef being worked is the South Reef. The Middle
Reef is 25 ft. north of the South Reef, and the Main Reef 50 ft. north of the Middle Reef.
(1)) Width of Reefs. South Reef from a few inches to 4 ft.; Middle Reef from 2 to 4 ft.;
Main Reef from 3 ft. About 4 ft of ore is being stoped; but sorting out of waste rock takes
place at the sorting-floors.
(0) Dip of Reefs. The dip of the reefs in this Company is very steep; average dip 80".
(d) Value of Reefs. South Reef, lat level, for a distance of 1,560 ft. assays 32‘? dwt. per
ton for 252 in. South Reef, 2nd level, west from central shaft, for a width of 542 in. assays
42'72 dwt. South Reef, 2nd level, from east shaft for a width of 1468 in. assays 114-3 dwt. per ton.
South Reef, 3rd level, from east shaft 3095 in. assays 50 dwt. per ton, and for a width of 21'93
in. 75-8 dwt. r ton. Middle Reef, 2nd level, west from central shaft, for a width of 1536 in.
assays 3504 wt.
(e) Ore reserves at June 30, 1893. The reserves stood at 37,312 tons, including 10,300 tons
South Reef, 1,700 tons Second Reef, and 9,000 tons Middle Reef. The reserves have since
materially increased, and on June 30, 1894, the payable ore developed was estimated at 61,710
tons, while on June 30, 1895, it was estimated at 136,600 tons.
DEVEIDPMEN'L—The mine is being developed by means of three vertical shafts, viz. the east
shaft, central shaft, and west shaft. They have been sunk to the south of the reefs, cross
cuts being driven to intersect the ore bodies. Levels have been driven, 1st level 100 ft. ver
tical; 2nd level 200 ft.; and 3rd level 300 ft. The east shaft is below the 6th level, and (June,
1895) has a total depth of 648 ft. Central shaft, below 5th level, going down to 6th; total
depth, 561 ft. The west shaft, formerly sunk to the 2nd level, has been overhauled and re
timbered. It is 200 ft. deep. The shafts are 13x6 ft. in the clear, and are divided into three
compartments of 4 x 6 ft. each. The east shaft is situated 1,235 ft. west of the eastern boundary;
central shaft situated 1,527 ft. west of east shaft. The levels are chiefly upon the South Reef, but
to the west of the central shaft, the drives having been turned upon the Middle Reef. The east
158 WIT WA TERSRA ND MINES.

shaft is connected at the 1st and 2nd levels with the central shaft, a distance of some 15,000 ft.,
and on the 3rd level on the South Reef 911 ft. have been driven west, and 293 feet east. Stoping
has been chiefly confined to the South Reef, but in the central section stopes have been carried on
the Middle Reef. The measurements of development at June 30, 1894, stand as follows :—Easte1m
Section, lst level. No work having been done on this level during the year, the measurements
stood unchanged at 1,045 ft. west of shaft, and 608 ft. east of same. 2nd level, driven 1,205 feet
west, and 345 ft. east. 3rd level, driven 911 ft. west, and 293 ft. east of cross-cut from shaft. On
the 2nd level little development had been done on the Middle Reef, whilst on 3rd level no work at
all had been done on this reef. Central Section, lat level: 527 ft. driven east of cross-cut from
shaft on South Reef, and 341 ft. driven west on Middle Reef. 2nd level: Total driven east of
cross-cut from shaft, 328 ft. 6 in., and west 223 ft. On the Middle Reef driven west 235 ft. 3rd
level. South Reef west of cross-cut driven 6 ft. on the Middle Reef, driven 13 ft. west of cross-cut
from central shaft, and east of same 203 ft. Distance from outcrop of South Reef to the southern
boundary of the Company :
East shaft, 310 ft., giving backs of 2,015 ft.
Central shaft, 250 ft., giving backs of 1,439 ft. with a dip of 80°.
West ,, 350 ,, ,, ,, ,, 1,785 ft.

Tom. WORKING CAPITAL SUPPLIED :— £

Original working capital 11,000
Increased June 4, 1888, £15,000... 15,000
,, January, 1891. 20,000 shares, 20s. 20,000
,, October, 1891. 10,000 ,, 23s. 11,500
,, March, 1892. 7,500 shares, 268. 9,750
Forfeit money reconstruction, 1890 1,000
Increase, March, 1894, 25,000 shares, 508. 62,500

Total working capital supplied £130,750

Iv'inancial position June 50, 1894 :—- £ 3. (1.

Cash in hand 57,973 1 1
Less liabilities 6,262 9 9

Cash balance £51,710 11 4

Financial position June 30, 1895 :-—A debit balance of about £15,000.

EQUIrMEvr—This mine is worked by three vertical shafts, viz. the east, central, and west.
East Shaft: This shaft is equipped with a vertical head-gear about 55 ft. high, a winding
engine, fitted with a pumping crank and Cornish pum , and one 60 h.p. multitubular boiler.
The head-gear carries the usual grizzlies, coarse and nes bins, and has also a sorting-floor
fitted with the necessary waste bins. The coarse rock, after being sorted on the floor, on which
an average of 30 per cent. is thrown out, is trammed, as are the fines also, to the central crush
ing station at the new mill. Central Sha ‘t: The equipment of this shaft consists of a similar
head-gear to that of the East Shaft, tted with grizzlies, bins, sorting-floor, etc., and the
rock from it is likewise trammed to the new mill. The winding engine, compressor, and
pémping engine are here grouped together in the same engine room, the winding engine
ing separated from the others by a partition. The winding engine is by Messrs. Tangye,
and is powerful and efficient. The air compressor consists at present of one-half of a duplex
Ingersoll 24-drill plant, the steam cylinder being fitted with Corliss gear; and the whole has
worked satisfactorily for the last two years. The pum ing engine, by Messrs. Howard, Farrar
& Company, drives a 10-in. Cornish pump, and is a powe ul engine of its class, and of good design.
Boiler Room : This contains four 60 h.p. multitubular boilers, set singly in brickwork. Three of
these boilers are constantly at work, one being entirely spare. West Shafi : This shaft is equipped
with a head-gear identical with that of the east and central shafts. The coarse and fine rock
from this shaft, owing to its being on a much lower level than the other two, instead of being
trammed direct to the crusher station, is run to the mill hoist, where it is elevated to the level of the
crusher and bin floor, the fines being run direct into the mill bins, and the coarse rock run to the
crusher station and tipped into the crushers. Winding Engine: The windin engine for this
shaft is a geared engine of a smaller type than that in use at the central, but an ciently large for
 WITWA TERSRAND MINES I59

the probable amount of work which it will have to do. It is supplied with steam from the boiler
room of the new mill which is described below.
Central Crushing Station: The fine rock arriving here, as before described, from the east
and central shafts, is run right through this station, and is carried across above the engine room
by a bridge to the mill-bins. The coarse rock, on the other hand, is tipped into crushers, as is the
coarse rock from the \Vest Shaft, and after being crushed falls into a bin below the crusher floor,
from this it is drawn by a shoot into trucks, which are again elevated by the mill-hoist, and run
across the bridge into the mill. The crushing of the coarse rock is done by two No. 4 Gates’ crushers,
either of which is easily capable of crushing all the rock required by the mill. These crushers are
driven from a counter shaft, which is operated by means of rope transmission by the mill en ine.
This shaft also operates the hoist which has been described above as lifting the crushed rock mm
the crusher bins to the mill. Mill: The mill, which has been designed for 60 stamps by Mr.
Hennen Jennings and Mr. F. Irvine (Messrs. Fraser & Chalmers supplying the iron work), is
certainly of the most approved type now running on these fields, the experience of the past few
years having suggested many improvements which are embodied in it. Engine Room: Here
stand the mill engine, the auxiliary engine, and the dynamos for electrical transmission and
lighting. The mill engine, which is a vertical compound condensing engine, is of a new type,
patented by King. Instead of the centre line of the cylinders being directly over the crank
shaft, it is at right angles to it, i.c. instead of the cylinders being in a line with the shaft,
they are placed across it. The advantages of this engine are that there are no dead points,
and that with a single crank it can start as easily from any position as can the ordinary two
crank engine, and that the turning moment is so equalized t at the strains upon the founda
tions are very much less, whilst the floor space occupied by the engine is as small as possible
for an engine of its size. The auxiliary en ine is adouble cylinder vertical 14 x 18 marine
t engine, by Messrs. Reunert & Lenz. fit is capable, on cleaning-up days, or on the dis
ab ement of the mill en ine, of driving 40 stamps with all the auxiliary machinery connected
therewith. The electrics machinery, as well as the crushers and the mill hoist, are driven from a
counter shaft by means of the endless rope system described under the Crown Beef, with the ex
ception of a modification in the design, which saves floor space in the engine room. Boiler Room .'
In this room are arranged six 60 h.p. multitubular boilers, set together in a similar manner to
those at the Crown Reef. Two pairs of these boilers are in constant use, the third pair bein spare.
Behind the boilers in the main flue are placed two Green's economisers, through which t 0 con
densed steam from the surface condensers (which, as in the Heriot, Crown Reef and City plants,
are employed for condensing the steam), plus any extra feed-water which may be required, is
passed, thus heating u the feed-water to about 200° before it enters the boilers.
Cyanide Works : he mill pump here, as in other cases, is lifted by an elevator wheel to the
height of 28 ft., and thence passed through the several Spitzkaste described in connection with the
Crown Reef and other lants, and classifiml by them into three products; these products, however,
are subjected to a di erent treatment from that referred to above. This treatment—which is
now known as the “double treatment”—is not substituted for direct treatment, but is used
subsequently as a means of getting increased extraction from the various products which have been
deposited in the leaching vats by the direct filling process. This double treatment is practically
carried out as follows: The sands are filled into a tank, in the same manner as before described
under the heading of the Crown Reef Fine Sands Tank, i.e. they are distributed by means of a
hose leading direct from the Spitzkaste. The tank is fitted with slimes gates, and the whole
arrangements are practically identical with the ordinary leaching tank in which the direct
filling process is used. The sands thus deposited are then first treated with a weak solution
(cyanide), and subsequently strong ones; the period of treatment varying, according to the facilities
in the works, from 15 to 48 hours. The sands so treated are then, while still damp with strong
cyanide solution, shovelled out either direct into the secondary tanks or into trucks in which
they are trammed to them. The effect of this handlin is to thoroughly break up any small cakes
of slimes which might have formed in the primary tan , and to thoroughly expose every particle of
sand, whilst still moist with cyanide solution, to the oxygen of the air; thereby rapidly and
effectually completing the solution of the gold. Having been filled into the secondary tanks the
product is then simply subjected to washing by weak cyanide solutions, in order to extract the gold
which has by this time been dissolved. It is obvious that, in order that this double treatment maybe
economically effected, the primary tanks should be placed either directly over the secondary ones,
or in such a position relatively to them that the tailings, when loaded into the trucks, can be
rapidly and easily trammed and tipped into these lower tanks. The most expensive plant in first
cost will be that in which the upper tanks are mounted above the lower ones, and the least
expensive plant will be that in which a larger number of smaller tanks is used as the rimary
plant, and the tailings are trucked from these and tipped into the lower ones; but, as in t e first
case, the amount of handling will be less than in the second, the cost of manipulation will also be
 I60 WI TWA TERSRA ND MINES.

less, and should the product to be handled be large, it is easily seen that in some cases the amount
saved in handling by the first plant will more than compensate for its additional first cost over the
second. The Nourse plant has been constructed on the basis of the second proposition, because the
amount of tailings to be handled will never be very great. Thus, for treating the fine sands the
top tanks consist of 6 wooden tanks 20 ft. in diameter, and 5 ft. deep; the lower ones consisting
of three iron tanks 33 ft. in diameter and 8 ft. deep. The treatment in the upper tanks will be
from 32 to 48 hours, and in the lower tanks about 80 hours. The upper tanks are discharged from
side doors from which the trucks will enter the tank, and it will be possible to discharge each of
these tanks by this means in three hours. The bottom tanks are discharged through large side
doors, and the time taken is about 8 hours. The concentrating plant will be arranged so that
double treatment of the concentrates can be effected in a similar manner to that described above,
but the plant for treating the product, termed coarse sands, will be constructed for single treatment
only; double treatment not being required in the case of coarse sand, as the product is so porous
and so easily permeable by the air which follows each charge of solution as it is drawn off‘, that,
as experience shows, it is unnecessary to give it double treatment. It is confidently anticipated
that 85 per cent. of the gold present in the tailings treated by this plant will eventually be
recovered. A slimes plant will be subsequently added to that indicated above as soon as the
operations at the Crown Reef have shown the success of the treatment about to be inaugurated
there.
Precipitating House: This house contains at present the ordinary receiving sumps with
their filters, the zinc extractors, vacuum pumps, etc.; the only novelty here being that the tailings’
wheel, and a hoist for tramming up accumulated sand, are driven by the electric motor, as well as
the centrifugal and vacuum pumps which were described as being so driven under the heading of
the Crown Reef plant. Another novelty, which relates to the relative position of the solution and
filter tanks, is that they are all placed on the same level; thus obviating the necessity, which has
arisen in other works, of placing the solution tanks at some distance away from the main works,
and at a lower elevation. In such a case the extractor house being at a distance from the main
plant, the inconvenience is experienced of the assistant walking to and fro, causing loss of time,
besides preventing the proper supervision of the filling of the tanks. This difficulty is got over
in this plant by running the solution from the extractor boxes into a small sump, from which it is
pumped into the solution storage tanks. From these solution storage tanks it is again pumped on
to the leaching tanks, but the difference of elevation in both cases is so small that, although two
pumps have to be employed instead of one, the amount of power required to handle the solutions
is not so great as in works which have the pumps at some distance from the leaching plant, and
by a suitable arrangement of piping one pump is made to be a stand-by for the other.
Workshops: The workshops on this mine are similar to those at Modderfontein, but of
smaller size. Electrical Plant: This consists of four Edison-Hopkinson dynamos built for an
output of 320 amps. at 120 volts. The distribution of current is effected on the three-wire system,
which enables power to be distributed by the same conductors which carry the light. The distri
bution of power and light is, however, carried out here by subdividing the work of the mine into
five circuits, each of which is regulated by its own particular switch-board placed in the engine
room ; whilst the dynamo switch-board is so arranged that any of the four machines can be placed
'in any of the five circuits. By means of this system a considerable saving is effected in the
amount of copper required for carrying the power to stations at long distances from the generating
room. Besides lighting the whole mine on the surface and underground, the following portions of
the plant are operated by electric motors: Main water pumps on the Company’s dam; the machinery
for the cyanide works; the machinery in the workshops; a small pump for pumping drinking-water
to the mine; pumps for pumping the water from the west shaft. Besides these, power can be
supplied for any other piu'pose for which it may be required.
GENERAL REMARKs—Working expenses, as will be seen from the above statements, are very
high, to some extent accounted for by the narrowness of the reef and smallness of the plant. The
Chairman explained that expenses had increased through the opening of a redemption account by
which the ore developed was being redeemed out of crushing returns at 88. per ton. He stated
that measures would be taken to reduce mining costs. 40 heavy stamps, with power for 8)
stamps, together with a new cyanide plant, etc., have just been erected. \Vorking expenses,
through working on a larger scale, will be reduced and the profits increased. The cash balance
in hand June 30, 1894, will all be absorbed in payment for the new equipment. With the new
mill the Company will be able to put through 65,000 tons of ore yearly, as against 23,000 tons
hitherto. The mine is developed well ahead of mill requirements, 136,600 tons of payable
ore being developed. As regards the life of the mine, it is a fallacy to assume that in con
sequence of the Company being without deep level claims it is necessarily a short one. Apart
from the fact that the Company has a run of 38 outcrop claims, the dip of the reef is the steepest
on the Rand, viz., at the outcrop, 80°. The very fact that the shaft of the Nourse Deep Company,‘
 IVITWA TERSRAND MINES. I61

sunk not far 06' the south boundary of the Henry Nourse Gold Mining Company, reached a depth
of 950 ft. before intersecting the reefs of the Henry Nourse Gold Mining Company, which were
calculated to be cut at a shallower depth, points to a considerable prolongation of the life of the
Company. It has been calculated, after making ample allowance for faults and dykes, that nearly
1,000,000 tons of South Reef alone are contained in the property, independent of the Main Reef
and Leader. Considering that a 40 heavy stamp mill only crushes about 65,000 tons annually,
some conception can be formed of the life of the mine. Hitherto the middle and eastern sections
have been worked, the western section as yet remaining untouched.

Ex'rRAc'r FROM Dmscrons’ REPORT FOR THE YEAR ENDING JUNE, 1895.

Ore Development: The ore reserves have increased to 144,154 tons, according to the mana
ger’s estimate ; or according to the Company’s surveyor, to 136,300 tons. The amount standing to
the debit of development account, exclusive of the cost of the main shafts, is £50,392 133. 8d., equal
to 73. 5d. per ton. The allowance of 8s. per ton for mine development redemption account will
therefore be continued.

Working Costs .' These for the year ending June, 1895, amounted to 429. 498411., as against
449. 102011. for the previous 12 months, showing a reduction of 29. 521611. For tailings treatment
the costs were 8s. 9-39d., against 109. 1'45d. per ton for the preceding year, being a reduction of
ls. 40617. per ton. A considerable reduction will be effected with the new mill and cyanide works.
The cost for June, 1895, already indicates that this reduction is being effected, for mining and re
duction expenses only amounted to 313. 74111.

Statistics of Monthly Expenditure and Revenue, Mine and Mill Accounts.

Mouth s, Starnpsl‘ Time Ore Gold l

Value of gold L’ i‘firkimg Cosfs' ' _A_ Profit
' ‘mumugfirunning. milled- won. won. l '
. , Total cost. 1 Cost per ton.

1894- ‘ tons. oz. \ £ a. d. £ a. 11. ‘15's. (1. £ I. d

July ---1 25 29;, 2.278 1,692 6,014 16 6 5,481 010 ‘2 8 145 93315 e
éugust 25 29,} 2,270 1,488-95 5,486 4 5 5,895 18 5 ‘2 7 649 90 6 0
beptemberi 23 29 2,103 1,69905 6,26111 7 5.262 s 5 12 9 1142 1.009 3 2
October...‘ 25 80 2,259 1,851~88 6,823 9 6 5,179 2 0 2 51023 1,644 7 6
November 25 29 2,154 1,807-68 6,663 11 3 5,183 16 11 2 7 801 1.1329 14 4
25 29;, 2,230 1,734-13 1 6,467 1 11 4,697 6 10 2 1 905 1.169 15 1
January , 25 30 2,261 1,6249.) , 5,967 11 10 4,629 0 9 l2 0 11-36 1,358 11 1
February 25 27 2,116 1,616-68 . 5,956 12 11 4,323 2 5 2 0 1083 1.638 10 6
March 23 90 2269 161091 1 5,98614 0 4,421 9 6 ,1 19 0'81 1.512 4 6
Apnl 25 23} 2,(B6 1,540-24 5,677 6 11 4,420 16 9 2 2 462 1,256 10 2
May 25 90 2,228 1,6880]. 6,036 12 2 5,285 8 2 '2 7 5-83 751 4 0
June my 40 27 5,096 8,259'11", 12,005 4 5 8,056 0 4 I1 11 741 3,919 4 1

Totals and l (Average)

Average 349 29,366 21,523'09 £79,316 17 5 26227811 4 £2 2 498 £17,038 6 1

* Including 565-06 oz. clean up of old mill. Average yield pertcn, 14-658 dwt.

Summary of Costs.
£ s. d.
Mining per ton 1 7 129
Tramming and sorting ,, 0 1 8'32
Crushing and milling ,, 0 5 7'37
Redemption .. ,, 0 8 0

von. 1. 7' 11
I62 WIT WA TERSRAND MINES.

Statistics of Monthly Expenditure and Revenue, Cyanide Works.

, _ f 7 Working costs.
Month. 3:13:35 Gold won. ‘ “1250?: gold Profit.
’ ' Total cost. Cost per ton.

1894. tons. oz. 2 a. ti. £ a. d. a d. 5: a. d.

July 1750 62405 1889 5 6 801 3 8 9 1'88 1088 1 10
August 1800 64780 1961 9 8 756 19 4 8 4'98 1204 10 4
September 1800 679'85 2058 6 4 761 3 0 8 5'48 1297 3 4
October 1800 706'75 2140 4 2 771 13 7 8 6'89 1368 10 7
November 1800 61465 1861 1 4 792 5 5 8 9'68 1068 15 11
December ... 1650 781'8] 2369 5 1 784 0. 5 8 10'76 1635 4 8
1895.
January... 1600 638'50 1918 11 5 725 14 9 9 0'86 1192 16 ~8
February 1500 67615 2047 9 11 724 9 2 9 79]. 1328 0 9
March 1600 607-20 1888 14 7 650 4 10 8 1'53 1188 9 9
April 1600 63095 1900 18 4 602 19 10 7 6'45 129? 18 6
May 1600 66095 2000 18 8 586 8 8 7 8'96 1414 10 0
June 2330 73420 2235 7 4 1240 0 8 10 7'72 995 6 8
-a 1 “i i i i a . _
(Average)
20,830 *7,997'85 24,221 12 4 9,147 3 4 8 939 15074 9 O

* Etlual to 5,771 oz. fge gold. Average yield per ton 5'54]. dwt. fine gold.
Property: Licenses, which were formerly held by the Company and converted into bewaar
plaatsen, have again been granted, licenses being taken out and bezitrecht obtained. This increases
the Company’s property by 32 mining claims. (See description of property.) During the your
claim No. 78, situated in the centre of the Metropolitan Gold Mining Company’s ground, was dis
posed of for £5,000 to that company, the Henry Nourse securing at the same time surface rights
over two of their claims, at the head of the water-right.
Finance .' During the year ending June, 1895, a net profit from mining operations of
£32,112 158. 1d. was made. This sum, as well as £50,000 in hand on June 30, 1894, and a sum of
£20,000, or £102,112 altogether, has been expended on the new mill and plant and mine develop
ment. At June 30, 1895, the Company had net liabilities of about £15,000.
Ex'rRAcr FROM GENERAL MANAoEa’s REPORT, FOR THE YEAR ENDING JUNE 30, 1895.
Work confined to development on South Reef in eastern section, and in the western section of
the central portion on the Middle Reef. Little work done in the western section. Ore reserves
increased during the year by 89,075 tons, standing at June 30, 1895, as follows :—
Profitable milling quartz .. 118,507 tons.
Payable ,, ,, . .. 25,647 ,,
Doubtful ,, ,, 17,270 ,,
Ore Mined and Milled during the year: 29,366 tons, of which 75 per cent. was from South
Reef, and 25 per cent from Middle Reef.
lllill Yield: Old 25 stamps ran for 322 days, and up to May 31, 1895, crushed 24,270 tons,
yielding 18,263'98 02., the average yield being 15% dwt. per ton. Duty per stamp per day, 301 tons.
New lllill (40 stamps): Started on June 2, 1895, and ran for 27 days, crushing 5,092 tons—
4'72 tons per stamp per day. The yield was 2,694'05 02., equal to an average yield of 1059 dwt.
per ton.
Cyanide Works: Treated 20,830 tons, yielding 7,997'85 oz. bullion, or 5,771 oz. of fine gold, giving
an average of 5'06 dwt. per ton. The new cyanide works were not ready to start simultaneously
with the new mill, and only treated 1,680 tons of tailings, yielding 477'15 oz. of bullion, which are
included in the above figures.
New Equipment : New 40 stamp Fraser & Chalmers’ mill with engine and 6 boilers, giving
suflicient power to drive the present 40 stamps, tailings wheel, two No.4 Gates’ rock breakers,
pump at cyanide works, electric plant, and, if necessary, 40 stamps more. Cyanide works with a
capacity of about 4,000 tons per month, electric plant for general lighting, mine pumps, machine
shops, etc., and new tools. Thirty new workmen’s rooms, manager’s house, compound, etc., erected.
Permanent Works completed : Main dam at creek, with a capacity of 31; million gallons ;
reservoir on northern portion of the property, with a capacity of 1% million gallons; pumping
station at dam ; and slimes dam.
CONSULTING ENGINEER’S REPORT FOR YEAR ENDING JUNE, 1895.
Dip of Reef: Development during the year shows that the dip of the strata in the central
section of the mine has materially flattened, being about 60°; but in the east and west portions it
 IVITIVA TERSRAND MINES. > 103

remains practically the same as before. Development: Work has been chiefly directed to driving
on the 2nd, 3rd, 4th, and 5th levels, and is estimated by the manager to amount to a total of
164,524 tons, of an average value of 2259 dwt., distributed as follows :—
tons. dwt.
South Reef 83,392 Assaying 30'90
,, 9,090 ,, 16-20
,, 17,270 ,, 580
Total 109,752 tons Assaying 25'73 dwt.
Middle Reef 55,1105 Assaying 18-32
,, 16,557 ,, 120
Total 51,672 tons Assaying 16'38 dwt.
Reserve of ore on surface ‘72,500 tons
,, in mine 60) ,,

Total 3,100 tons Assaying 15‘0 dwt.

The mining costs since the new mill has been started have been considerably reduced; the
charges now compare reasonably (both as to working expenses and cost of development) with
those of other mines whose operations are conducted upon reefs of similar thickness.
Milling: During this period the old 25-stamp mill crushed 24,270 tons of ore at a cost
of 5s. 9'2d. per ton. The new 40-stamp mill crushed in 27 days 5,096 tons, the milling cost
being 3s. 11'265d. The yield per ton from the plates, 10'59 dwt., was low in consequence of the
setting of these, and may be expected in the future, with a similar grade of ore to that which has
been worked during the month, to run about 12 to 13 dwt. per ton. This is on account of the
larger tonnage milled permitting of a somewhat lower grade of rock being dealt with profitably.
Cyanide Works : During the period under review the old cyanide works treated 19,150 tons of
tailings, yielding 5,426'7 oz. of fine gold, equal to 566 dwt. per ton. The new cyanide works during
June treated 1,680 tons of tailings, yielding 344'3 oz. of fine gold, equal to 409 dwt. per ton. The.
yield from the new works is lower than the average obtained from the old works during this period.
On starting all new cyanide works, an appreciable amount of gold remains in the solutions and in
the zinc boxes after the first month’s clean up, and is only gradually realized during subsequent
working. It may confidently be expected that, when the new cyanide works have got well on
work, and the concentrating plant has been started, the yield will reach somewhere between
5 and 6 dwt. of fine gold per ton. The cost per ton will in future probably not exceed 4s. to 5s.
per ton, exclusive of royalty. With the new plant an extraction of 82 per cent of the gold con
tained in the tailings is anticipated.
GENERAL REMARKS.—Tlle Chairman stated at the meeting, held August ‘28, 1895, that, in the
opinion of the manager and the board, the development of the mine was so advanced as to admit of
the erection of 20 stamps in addition to the 40 new ones now at work, and therefore 20 stamps
more have been ordered.

HETTY GOLD MINE, LIMITED.

Formed in August, 1895.
CAPITAL—£120,000 in £1 shares; 1 10,000 shares issued, 62,750 being fully paid and 47,250 having;
10.9. per share paid up.
Directors.
ALBERT E. Ross (Chairman), JAMm ADAMEs, EAS'I‘ON J. Cox, ROBERT SEATON,
and the HON. GRANVILLE SOMERSET‘.
Local Director at Johannesburg.
F. VINCENT S'Ioxrs.
Secretary and Ofice.
H. R. MOORE, 16, Great W'inchester Street, E0.
Paris Agency.
159, Rue Lafayette, Paris.
CAP1TAL.—Th6 Hetty Syndicate received £80,000 for the property, £62,750 in shares and
£17,250 in cash. The present issue, when fully paid up, will give £30,000 of working capital.
164 WI TWA TERSRA ND MINES.

PROPERTY.—93 claims at the eastern side of the farm Middelvlei, West Rand, bounded on the
north by the Rothery Block ground, and on the south by the New Midas Estate property.
GENERAL REMARKS.—The ground is undeveloped. It has been taken up on the assumption
by Mr. H. B. Bunkell and Mr. L. Pedersen that the Randfontein series of reefs passes through the
block. Mr. Bunkell also states that the Company will get a certain quantity of Black Reef on the
south-east portion of the property, although it “cannot altogether rely upon the constancy in value
of same, being close to the outcrop.” This reef, which dips south, is shown near the southern
boundary of the property.

H.
F. SYNDICATE, LIMITED.
Formed 11th May, 1892.
CAPITAL—£70,000 in 700 shares of £100 each.
Directors.
CARL HANAU (alternate O. S. GOLDMANN), GEORGE FARRAR, LIONEL PHILLIPS (alternate G.
Roouor), J. C. A. HENDERSON, and S. W. JAIIrsoN.
Head Oflice and Secretary.
G. W. HIGGINS, Bettelheim Buildings, Johannesburg.
FINANCIAL HISTORY—Th6 Company was originally formed with a capital of £20,000 divided
into 200 shares of £100, of which £50 was paid up. On August 11, 1892, the capital was increased
to £50,000, and on September 19, 1892, to £70,000. The shares created by the above increases
were sold at from £200 to £800 a share. Of the increase from £20,000 to £50,000, the 300 shares
so created were offered pro rata to shareholders at par. The object for which the Company was
floated was to reconstruct the Cinderella Gold Mining Company, and give the Company £20,000 work
ing capital ; and to act similarly in regard to the Blue Sky, working capital, £20,000; Agnes Munro,
£15,000; Comet, £15,000; and Driefontein, £20,000; total, £90,000. In addition to these the St.
Angelo Company was formed, in which the Syndicate acquired the predominant interest; also
the Ramsay Syndicate, which had a capital of £4,000, in which the H. F. Syndicate originally
had £3,300, but which was subsequently entirely purchased by the East Rand Proprietary
Company. In addition to the above, the Syndicate purchased 1,334 claims. Over and above
the cash capital raised by the increase of capital and issue of shares, the total liabilities
of the Syndicate amounted to £86,000, which was the amount refunded to the Syndicate on the
flotation of the East Rand Proprietary Company. The following table gives the assets of
the H. F. Syndicate which were handed over to the East Rand Proprietary Mines : On the fam
Driefontein : Driefontein Gold Mining Company, 102 claims ; capital, £130,000; issued, £120,000.
H. F. Syndicate holds £80,302. St. Angelo, 34 claims; capital, £150,000. H. F. Syndicate holds
£116,627. Comet Gold Mining Company, 37 claims; capital, £100,000; issued, £75,000. H. F.
Syndicate holds £57,795. Agnes Munro, 19 claims; capital, £100,000; issued, £93,000. H. F.
Syndicate, £62,823. On Vogelfontein.—Cinderella Gold Mining Company, 74 claims; capital
£100,000, all issued. H. F. Syndicate holds £78,817. Blue Sky, 86 claims ; capital, £150,000, all
issued. H. F. Syndicate holds £133,264. On Driefontein : Ramsay and Coningsby Block, 30
claims; capital, Ramsay, £4,000. H. F. Syndicate holds £3,300. The claims owned by the Syn
dicate were—On farm Driefontez'n .' Phoanix Block, 157; Gaufs’ Block, 14; Beynon’s Block, 68;
Donald’s Block, 18; Spencer’s, 277; Pritchard’s, 2 ; total, 536. On farm Vogelfontein: Gaufs’
Block, 48; Hart’s Block, 46 ; Mining rights under railway, 6; Button’s Block, 6 ; Bethlehem Block,
14 ; Michaelis Block, 24. Total, 144. On farm Leeuwpoort.—Leeuwpoort Block, 456 ; Michaelis
Block, 138 ; Hull and Holmes Block, 24 ; Michaelis Block, 19 ; total, 637. On fez-I'm Finaalpan,
‘27. Ttital claims, 1,334. Controlled by H. F. Syndicate as above, 382 claims. Total claim-holding,
1,726 c aims.
WATER-RIGHTS.—(1) The Syndicate acquired from the mining department the rightto take
water suflicient for 100 stamps from the Boksburg Government reservoir, which has a capacity of
100,000,000 gallons. (2) Two water-rights upon the same creek as the aforesaid dam. (3) One
water-right on Lys Vlei. (4) One water-right on a creek running into the Boksburg spruit. On
May 8, 1893, the assets as above enumerated were transferred to a Company known as the East
Rand Proprietary Mines, with a capital of £650,000, of which 420,000 fully paid shares went to the
H. F. Syndicate, viz., 600 shares for every H. F. Syndicate share ; the liabilities of £86,000, also having
been taken over by the East Rand Proprietary Mines. On August 21, 1893, an agreement was
ratified whereby after the shareholders of the East Rand Proprietary shall have received in cashby
way of way of dividend or otherwise a sum of £650,000, the vendors, viz., the H. F. Syndicate
shareholders, shall upon any future distribution be paid one-fourth of the amounts to be distributed.
 WIT WA TERSRAND MINES. 165

In other words, the H. F. Syndicate shareholders have reserved to themselves certain proprie
tary rights, viz}, 25 per cent., in the distributable profits of the East Rand Proprietary Mines after
£650,000 shall have been distributed in dividend to the latter Company’s shareholders. This pro
prietary interest forms the sole asset of H. F. Syndicate.

HORSHAM MONITOR SYNDICATE, LIMITED.

Formed in July, 1895.
CAPITAL—£190,000 in £1 shares ; all shares issued and fully paid up.
Directors.
B. M. WOOLLAN (alternate C. H. KREGOR), R. GOLDMANN, J. E. H. LOMAS (alternate C. A. 0.
Bus), E. T. SOMERSET and T. PALMER.
Secretaries and Head Qflicc.
The African Estate Company, Limited, Johannesburg, Transvaal.
London Agents and Ofl’icc.
The African Estate Company, Limited, 2, Draper’s Gardens, E.C.
CAPITAL—The present Company is an amalgamation of the Horsham Monitor Syndicate, the
Rose Battery Reef Gold Mining Company, the Dollar Syndicate, and a portion of \Veston and
Ballot’s claims. The Horsham Monitor shareholders received share for share, and the Rose share
holders three shares for one. 90,000 shares were paid to the various vendors, and the remaining
100,000 provided the working capital.
PROPERTY.—Ab0ut 208 claims on the farm Rietvlei, district of Doornkop, \Vest Rand, south
of Luipaard’s Vlei, and east of Uitvalfontein.
MINING Ix'rsLuoENcn—The work done in the past on the Horsham Monitor block may be
summarized thus: A shaft has been sunk 130 ft., in which the Horsham Reef is exposed, and
has been driven on north and south about 130 ft. This reef is some 3 ft. 6 in. in width, and
a trial crushing of the ore some 3 years ago went 6 dwt. over the plates, the fire assay value
being 13 dwt. 19 gr. A cross-cut was put in at the 120 ft. level, and driven west 300 ft.,
and at a distance of 130 ft. a new reef, as yet unnamed, was discovered. This last reef was also
driven on to a distance of some 170 ft. north and south. Where struck it was 12 in. thick,
but subsequently widened out to 18 in. Assays taken from this reef varied from 115 dwt.,
the maximum, down to 15 dwt., the minimum, taken over the full 18 in. It has been esti
mated that this reef would give a return of 15 dwt., allowing for a. fair stoping average. A third
reef has also been found. Two shafts are down 130 ft. It is the intention of the present
Company to push on with development work. An 80-stamp mill (1,250 lb. stamps), together with
a cyanide plant, a rock-drilling plant, an electric lighting plant, etc., are on order.
GENERAL REMARKS.—\V0rk is only now being started on a permanent scale. The working
capital is still practically intact.

JOHANNESBURG PIONEER GOLD MINING COMPANY, LIMITED.

Formed in 1886.
CAPITAL—£21,000 in £1 shares; all issued and paid up.
Directors.
F. MOSEN'I'HAL (Chairman), RICHARD R. HOLLINS, F. VON Hrsssm, S. TnonsoN, R. M. FINDLAY,
and R. LILIENFELD.
Secretary and Head Oflicc.
JA3113 GILBERT JARVIS, Johannesburg, Transvaal.
London Secretar and Ofice.
JOHN SEEAR, 15 and 16, George treet, Mansion House, E.C.
CAPITAL Canons-Original capital, £15,000; increased in August, 1888, to £21,000.
Additional 6,000, shares allotted to shareholders at par pro rata to their holdings. A further
scheme for an increase to £50,000, for the purpose of acquiring more claims and extending mining
operations, fell through owing to insufiicient representation of votes.
166 IVIT WA TERSRAND MINES.

ACCOUNTS AND F1NANClB.——The accounts are made up half-yearly to June 30 and December
31 respectively.
Balance-sheet, December 31, 1894.
Liabilities. £ a. d. Assets. £ 8. d.
To Capital account 21,000 0 0 By Property account :—
,, Sundry creditors .. 1,001 18 5 Claims and water-right 9,300 O 0
,, Ruby Gold Mining Company, ,, Buildings, machinery, plant,
Limited (loan) 6,000 0 0 dam, etc. 14,947 17 0
,, Native labour in suspense 53 6 0 ,, Permanent works 5,682 13 4
,, Dividends unclaimed 203 17 0 ,, Stock, material, etc. 641 16 10
,, Bills payable 797 8 6 ,, Sundry debtors 182 10 0
,, Standard Bank 1,270 6 10 ,, Cash and gold 2,712 7 1
,, Profit and loss (balance) 6,802 12 11 ,, Concentrates... 811 14 5
,, Ore at grass 646 14 0
,, Tailings on hand 2,0(I) 0 O
,, Standard Bank dividend acc . 203 17 0

£37,129 9 8 , £37,129 9 8

Profit and Loss Account, December 31, 1894.

Dr. £ 8. d. C'r. £ 8. d.
To Working expenses 11,325 19 6 By Gold account 20,010 6 10
,, Maintenance account 820 1 9 ,, Concentrates 3,234 18 6
,, Stable account 91 1 9 ,, Share transfer fees 22 10 0
,, General expenses 1,094 1 4 ,, Rent account 50 0 0
,, Extraordinary expenses 977 14 10 ,, Ore at grass, 892 ton 646 14 O
,, Depreciation... 1,314 10 9 ,, Tailings on hand, 8,000 tons 2,000 0 0
,, Mine development . 3,121 4 1
,, Interest on loan 240 0 0
,, Tailings deficit 177 2 5
,, Balance 6,802 12 11

£25,96 9 4 £25,964 9 4

Balance-sheet as at June 30, 1895.

Liabilities. £ a. d. . Assets. £ a. d.
To Capital account 21,000 0 0 By Property account—
,, Sundry creditors (ordinary Claims and water-right 9,311) O 0
monthly accounts) 1,537 2 9 Buildings £1,859 0 1
,, Ruby Gold Mining Co. (loan) 6,000 0 0 Machinery and
,, Contractors 213 O 0 plant 6,864 14 1
,, Native labour (in suspense) 49 16 6 New head-gear 1,683 3 2
,, Dividends unclaimed... . 203 17 0 Dams 951 2 11
,, Profit and loss (balance) . 10,8)0 2 6 Tramway 402 16 8
“m 11,760 16 11
,, Permanent works—main shaft 3,015 18 4
' ,, Sundry debtors 39 1 6
,, Live - stock, harness, and
vehicle 30 0 O
,, Furniture and fittings 51 6 0
,, Stores 761 6 8
,, Transvaal Board of Executors 150 0 0
, ,, Cash and gold . 9,721 11 4
i ,, Standard Bank (livid nd ac
} count 203 17 0
,, Ore at grass 970 1 0
,, Tailings on hand 3,800 O 0
£39,803 18 9 £39,803 18 9
 WI TWA TERSRA ND MINES. 167

Profit and Loss Account for Si.» Months ended June 30, 1895.
.43 s. d. £ 3. d.
To Working expenses 10,666 7 10 By Balance December 31, 1894 6,802 12 1
,, Maintenance account 726 13 10 ,, Gold account 23,737 13 1
,, General expenses 1,356 19 6 ,, Gold account, concentrates 5,042 17 3
,, Extraordinary expenses 176 1 6 ,, Rent account 55 0 0
,, Depreciation 4,108 1 7 ,, Ore at grass, 446 tons 323 7 0
,, Permanent works— ,, Tailings on hand, 7,200 tons... 1,800 0 0
Amounts written off : ‘
Mine develop
ments ...£5,163 6 0
Mainshaft... 4,52317 6
A —* - 9,687 3 6
,, Interest on loan 240 0 0
,, Balance U.‘ 10,800 2 6

3_7,E1____10__ 3 £37,761 10

Cost and Revenue, per ton.

.-
Peuod' Cost per mm Revenue
from l Concen- Tailings
mill. itratessold.l sold. , Totals. i .
moms
1
‘ a. d. s. d. i s. d. .9. d. i’. I- d. i S a. (I.
To September 30, 1889 42 5'44 63 3'80 ‘ —— — —— i 1 0 10'36
,, June 30, 1890... , 46 9'16 78 5'65 , — — —— 1 11 8'49
,, December 31, 1890 35 5'5 73 p — — -— I 1 17 6'5
,, June 30, 1891 30 10'03 54 1'57 4 —— -— -—~ \ l 3 3'54
,, December 31, 1891 22 8'87 57 11'64 — -— -— ‘ 1 15 2'77
,, June 30, 1892 27 7'84 1' 0'51 — — * — 1 10 4'69
,, December 31, 1892 27 4'04 58 7'06 7 5'65 — , 3 6 0'71 1 18 8'67
,, June 30, 1893 i 30 1047 38 3'17 2 8'02 3 273‘ 2 4 2'92 0 13 4'45
,, December
,, June 31, 1893
30, 1894... ii 30 10'90
31 6'51 32 3'25
38 1066 4
5 3'41
5'11 7
5 0'51
7901 2
2 3 11'67
9 7'17 0
0 13 0'66
18 0'77
,, December 31, 1894 I 26 3'43 37 3'78 6 0'38 — 2 3 4'16 0 17 0'73
,, June 30, 1895... 23 5'62 43 1004 9 3'75 — 2 13 1'79 1 9 8'17

(The figures for cost and profits are exclusive of development and depreciation.)
Referring to the preceding table it will be found that the yield of the ore by amal amation
has greatly fallen off. The decrease in the yield is mainly due to the fact that free mi ling ore
ceases to exist below the 3rd level, where all ore is composed of hard pyritic rock, and a large
percentage of gold is contained in the concentrates. The concentration is effected by 8 Scoular
tables, and as the concentrates are sold according to assay, no statistics are given of the yield in
bullion. The tailings also being treated under contract by the Central Rand Ore Reduction
Company, only the amounts of revenue figure in the statements given. The contract with this
Company now having expired, the intention is to erect own cyanide plant.
Dmcnn'rmx OF THE PROPER'rY.—The mining property consists of 5;- claims on the Main Reef
series, the width on the outcrop being about 375 ft., the depth of the property on the dip being
about 800 ft. The property is situated between the Robinson (east) and the Mint and Crown Reef
Gold Mining Companies (west). The Company further owns 12 claims on Bird Reef series, and a
water-right on Booyson’s creek. It is trying to secure mining rights under the latter. (For plan,
see Volume III.)
TECHNICAL INTELLIGENCE—The reefs worked in the property are the South Reef and the
Main Reef Leader. The Main Reef has not been sufiiciently tested to determine whether or not any
part of it is of payable quality. The reefs strike approximately east and west, and dip to the south
at an angle varying from 45° near the surface to about 33° at the 5th level (vertical depth, 340 ft.).
The mine was at first worked by a small vertical shaft sunk to a depth of 230 ft., and from
there continued on the dip of the Main Reef Leader with larger dimensions. Since then an incline
has been sunk from the surface as well, 13x5 ft., and constitutes at present the main hauling
shaft, the vertical portion having been discarded as a working shaft. The main shaft was sunk
 .33“ 2:3 a: 2583* 98H 25 30.5 “0 E58 3 @2315 Bfimtmwfi *
Swing? m 02.3? m 2R2: w $32.: m 822? P $2.2 2 QSimHQS N25, Twfifiwim m
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WI 1 WA TERSRA ND MINES.

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6.3% 25.58% NE: .355 22.95 E: $352823 ~35 REES \o
328 625%.? 5223.292 .28 ~38 .28 .82 32.5 @885 3.22 ~58 .wwwH 25.8 ENFSN ~23 226% 95 32.38% Sack 3.852950
168
 WITWA TERSRA ND MINES. 169

during the last six months 152% ft. between 7th and 9th levels, having now a total depth of
968*} ft., and is within 10 ft. of southern boundary of property. The first, second, third and
fourth levels are practically worked out (exclusive of the Main Reef). The South Reef was
intersected at the 5th level, varying in width from 2 to 4 ft., and in dip from 28° to 34°.
The Main Reef Leader is within a. few feet of the Main Reef, and 70 ft. north of the South
Reef. The average width is about 18 in., the dip corresponding to that of the South Reef.
Several dykes of more or less capacity are met with below the 3rd level, but as the sections
of reef overlap only in the western portion where the dyke widens out to 47 ft., a distinct loss
of reef is experienced. The average stoping width is about 3 ft. 9 in., but by sorting the milling
width is reduced to 2.}- ft. As the 5th level covers the deep level of the Mint property as well,
a much larger tonnage was available from this level than from the 4th level, which is in the
narrowest section of the Company’s property. The drives on the South Reef at 5th level have
been carried to the east and west boundaries of the property, and at 6th level to eastern
boundary.
ORE RESER\’13.—The ore in sight on December 31, 1894, amounted to—
tons.
MainReef Leader 9,287
South Reef 3,982
At grass 892
14,261
The ore in sight on June 30, 1895, was as follows—
tnns.
Main Reef Leader 15,735
South Reef 10,230
At grass 1,338
27,303
The estimate by Mr. J. Harry Johns (April, 1894) of the total quantity of ore available in the
mine was as follows :—
oz. dwt.
Taking the reefs on the milling basis, viz. 2.}- ft. wide, to be equal to
68,676'3 tons at 20,269 dwt. per ton: 69,094 1992
70 per cent. hereof as being equal the residue from the cyanide works:
48,073'41 tons at say 2 dwt. per ton 4,807 6'82
6_4,287 13' 10

64,287 oz. 13'10 dwt. at 848. = £270,008 38., the value of the ore in the mine in April, 1894,
(the Main Reef not being considered in this estimate).
EQUIPMENT.—Mine: The mine is drained by three Tangye special steam pumps. The hoisting
is done by means of a pair of 8 x 12 in. coupled horizontal winding engines. Steam for working
this engine and driving the pumps is generated in two loco-multitubular boilers, each of 20 and 25
nominal h.p. respectively. At the new incline shaft 0. head-gear of 47 ft. height is erected, pro
vided with sorting-floor, ore bin, waste rock bin, and a N0. 3 Gates’ rock crusher. Skips of one ton
capacity are used. For driving the crusher a. 12 h.p. nominal driving engine is used with a 20 h.p.
nominal loco-multitubular boiler as generator. At the end of 1894 a new 14x36 in. pumping
engine was erected, together with two new 8-in. plunger pumps complete, and one 8-in. Cornish draw
lift bottom has also been acquired and fixed in working position in shaft. In addition to the above,
one No. 3 drilling machine was added to the equipment of the mine. Tramline to Mill: About 2,333
yards of 12-lb. steel line, together with 28 trucks of 28 c. ft. capacity. Mill: 20 heads of stamps
750 lb. each (Sandycroft make). Eight Scoular tables and two round buddles are used for concen
trating. The mill is driven by a Marshall 20 h.p. nominal compound non-condensing engine, with
a. multitubular boiler of 30 h.p. nominal as generator.
REuARKs—Improvements on the recommendation of Mr. J. Harry Johns are still going on in
the equipment of mine and mill, and these, when completed, are expected to reduce the cost of
mining and milling. Buildings and Surface Works : Manager's house, men's quarters, ofiices,
miners’ rooms, store, magazine, blacksmith’s shop, 2 native compounds, dam on the creek, mill
manager’s house, and store rooms.
GENERAL RE.\lARK8.—Th6 results for the last year are not so satisfactory as those for the
preceding year and 1892, but now that the development of the mine is further advanced, and the
I70 WI T WA TERSRAND MINES.

lower levels have proved to contain better ore, together with the recovery of the rich shoots from
the Robinson and Mint Companies ground, a general improvement and resumption of dividend
paying periods may be expected as soon as the loan from the Ruby Company is repaid. It should
be remembered that the Company had only £17,700 actual capital supplied (together with loan
of £6,000), that dividends to the amount of £25,200 have already been paid, and that a balance
of £10,800 28. 6d. has been carried to credit of next account, while the current liabilities on
June 30, 1895, were fully covered by cash and gold in hand.

JUBILEE GOLD MINING COMPANY, LIMITED.

Formed in 1887.
CAPITAL—£50,000 in £1 shares; all issued and fully paid up.
Directors.
J. J. CHAPMAN (Chairman), J. M. Eoxsa, P. F. PAYN, C. G. LEVY, and T. RAYMOND.
Manager.
CHARLES GLUYAS.
Johannesburg Board (for the purpose of signing scrip).
A. MACKIE NIVEN, E. N. EVANS, and CHAamns GLUYAs.
London Committee.
ARTHUR Ossuow Junms and A. DAvInsox.
Secretary and Head Oflicc.
C. E. TAUNTON, Pietermaritzburg, Natal.
Local Secretary and Office.
JOHN MACKILLICAN, Johannesburg, Transvaal.
London Secretary and Ofiice.
J. T. Bnnnonovon, 8, Old Jewry, E.C.
CAPITAL CHAXana— £ s. d.
Original capital 15,000 0 0
Appropriation: to vendors, the Border Union Syndicate, 9,000 ‘shares = £9,000, y—— —‘

working capital=£6,000 6,(I)O 0 0

On March 9, 1887, increased to £22,000 5,000 0 0
Appropriation : for purchase of 3 South claims, 2,000 shares.
Sold at 108. premium 3,819 ,, premium 1,909 10 0
,, £2 88. 3d. premium 1,181 ,, ,, 2,624 13 6

Total 7,000

On May 15, 1889, further increased to £30,000. -

4,000 shares sold, realizing 17,820 0 0
4,000 ,, ,, ,, 18,000 0 0

Total capital supplied £51,354 3 6

Total premium realized on shares £32,354 3 6

In January, 1895, the capital was again increased to £50,000, for the purpose of acquiring the
assets (including £7,500 cash) of the New Grahamstown Gold Mining Company, Limited, for
which 15,000 shares were given in full payment. The 5,000 remaining shares were realized at
£7 108. per share, giving £37,500, and £7,500 was paid over by the New Grahamstown Company,
together bringing the total capital supplied to £96,354 33. 6a., and total premium on shares to
£64,854 33. 6d.
ACCOUNTS AND FINANCES.—A000unts are made up annually to December 31.
 WIT WA TERSRAND MINES. 171
Extract from Balance-sheet as at December 31, 1894.
Liabilities. £ a. d. i Assets. :8 a. d.
Capital 30,000 0 0 Claims, battery, and water-sites 11,714 3 0
Sundry creditors .. 109 5 4 | Stand purchased . . 106 3 0
Dividend declared but not paid 9,000 0 0 Permanent works 843 4 3
Balance from profit and loss Joint battery, including half
account 29,693 (‘ 9 interest with the Salisbury
Gold Mining Company, Ltd,
in 36 claims under the
battery 20,098 11 # O‘H
Q-fi r‘lF—q
Plant and machinery 18,211 1
Buildings 5,776 17
Furniture 78 7
Cash in hand 4 11
Natal Bank .. 9,009 6
Dividends forfeited 26 14
Chamber of Mines debenture 100 0
__> Stores and cash at mine 2,833 12
£68,802 12 1 £68,802 12
Eclract from Profit and Loss Account, December 31, 1894.
Dr. :6 s. d. I Cr. £ 8.
To Sundry fees and bonuses 907 3 6 By Balance from 1893 69,084 9
,, Head oilice expenses 880 2 0 ,, 27,074 oz. 17 dwt. of gold,
,, London office expenses 244 8 10 1894 93,004 0
,, Kimberley agency 7 2 7 ,, Tailings, concentrates, and
,, Depreciation 1,928 15 0 slimes 3,476 18 cwwao
ODO
,, Mine expenditure 54,220 14 7 ,, Interest on fixed deposits 232 8
,, Dividends, 1893 36,000 0 0 ,, Transfer fees 35 10
,, Balance (including profit for ,, Dividends forfeited 34 16
year) 65,693 6 9 ,, Amount written of!‘ suspense
account 13 9
£165,881 13 3 £165,881 13
Net profit for year £32,608 178. 0d.
Balance (profit for year) brought down £65,693 6 9
Less dividends paid during 1894 £27,000 0 0
Dividend declared but not paid 9,000 0 0
————— 36,000 0 0
Actual balance brought forward to next year £29,693 6 9
Dxvmmma— ' '

Period. (1153:5923 Capital issued. i Amounts paid. . 'et profits.

per cent. 5:‘. [ £ £ a. d.

1887 25 |)
1888 45 . - 17,575
1889 25 l
1890 55 26,000 14,300
1891 35 26,000 9,100 8,363 15 1
1892 60 { 26,000
30,000} 11,500 30,939 4 a
1893 120 30,000 36,000 43,720 7 9
1894 : 120 30,000 36,000 32,608 17 0
1895 (to Sept.) I 90 50,000 45,000

575 | 175,475 ,
Total percentage of dividends paid from the time of formation to June, 1895, 575 per cent.
Total amount, £175,475.
172 WITWATERSRAND MINES.

GOLD PRonUCrIoN.—Statement showing gold-production since the formation of the Company

up to December 31, 1894.

Period. 1 Tons milled. 1 Average yield. Total yield. i Tailings.

, dwt. oz. Bullion.

1887 ' 2,437
1888 1 3,687 26,737 4,929
1889 8,462 1 15,386 6,510
1890 10,880 22,669 12,332
1891 11,965 14,685 8,785
1892 17,903 13,239 11,737
1893 43,790 1 1'33 24,811 5,254
1894 38,231 1128 21,564 | 5,510

The decline in the yield is accounted for by the large quantities of Main Reef being milled, and by
the comparatively poor condition of the South Reef at the 5th level.
Cyanide Works.

Period. Tonnage treated. Gold won (bullion). Fine gold. exfigggokh

oz. dwt. 1 oz. 4 dwt. 7 per cent.

1893 16,619 5,254 16 ‘ 2,871 14 63-33
1894 15,826 5,510 13 1 3,844 98 81-51

Comparative table showing Mining and Milling costs for the years 1891—94 inclusive.
Mining expenses. Milling expenses.

Period. $23,; Total cost. Cost per ton. 1:51:31. ‘ Total cost. ' Cost per ton.

£ 8. d. a. (1. f. I. d. 0. cl.
1891 12,147 7,389 9 5 1 11 9934 11,965 5,114 15 O 8 6594
1892 21,883 10,804 10 3 9 10497 17,903 5,372 2 8 6 0'00
1893 39,112 19,761 13 0 10 1'25 43,790 10,672 0 0 4 10'1
1894 38,598 22,282 6 9 11 6'55 38,231 13,343 19 7 6 11'77

General remarks re Mining and Milling costs and yield.—In consequence of the reefs being
intersected by sandstone, a sorting system will be resorted to which will save at least 6 boys’
wages, and wear and tear of trucks, but will increase the grade of the rock at least 3 dwts. per ton.
Referring to expenditure, it is diflicult to estimate the exact cost and revenue as the treatment
of a proportionately lesser amount of tailings than would be obtained from the tonnage crushed
(15,826 tons tailing treated, as against 38,231 tons crushed during 1894) does not allow of the
correct figures being arrived at.
The following statement purposes to show as near as possible total cost and total revenue per
ton for the year 1894 :— £ 8 d_
Mining expenses, per ton 0 11 6'55
Milling expenses, ,, 0 6 11'77
General charges and maintenance 0 4 6'36
Depreciation 0 4 1'77
Mine development 0 5 6'41
Royalty (tailings) 0 0 8'75

£1 13 5 61
Revenue derived from 38,231 tons milled, equal
to £96,480 198. or £2 10 567 per ton.
Net profit per ton O 17 0'06

£2 10 5'67
 WIT WA TERSRA ND MINES. 173

The net profit as above is therefore a little over 50 per cent. on cost. These figures are sure to
work out much more favourably the moment the Company treats its own tailings, as working
expenditure will be proportionately reduced, and revenue in the same measure increased. The mill
service shows an average for both mills of 331 tons per stamp per day.

DESCRIPTION OF THE PROPERTY—24$ claims on the Main Reef series, of which 8} are on the
outcrop, giving about 1,275 ft. along the strike of the reef, 9 on the first dip, and 7 on the second
dip. The property is located between the Salisbury (to the west), City and Suburban (to the east),
and the Village Main Reef mine (to the south), on the farm Turf'fontein, Witwatersrand. The
Company further owns, together with the Salisbury Gold Mining Company, Limited, in equal
shares, 36 claims to the south, and a water-right with battery-site. The 36 claims, which are
about 1,600 ft. south of the reef outcrop, are a valuable asset. On these claims the joint
battery of this and the Salisbury Company is erected, the Company having 40 stamps (until
recently 20 only) here, and 15 stamps at the old battery. In January, 1895, the assets of the New
Grahamstown Gold Mining Company, Limited, were purchased for 15,000 shares in the increased
capital of the Company. The assets include 1% claims on the outcrop of the reef, 2 on the first dip,
and 7 on the second dip, of which 5 are to the south of the Salisbury Gold Mining Company.
These are included in the 24!; claims mentioned above. (For plan, see Volume III.)

Tscnxrcm. Ix'rELLIoEsca—(a) Reefs : The Company is working the South Reef, Main Reef, and
Main Reef Leader, and the proportion put through the mill is about 25 per cent. of the former to 75 per
cent. of the latter two. The South Reef on the 3rd level (260 ft. depth from surface) is 2.2. ft. wide,
and has an average assay value of 1 oz. to the ton; on the 4th level the width increases to 4 ft.,
with a value of 18 dwt. to the ton; on the 5th level the South Reef has been intersected 4 ft. wide,
assaying 15 oz. to the ton, which denotes an increase in width and value in depth. The Main Reef
Leader, on the other hand, is 3. ft. wide on 4th level, assaying 15 dwt., and 2 ft. wide on 5th level,
assaying 10 dwt. On Decem r 31, 1894, the development on the 4th level had shown fairly
good results. The Main Reef at this level is a body of ore from 15 to 20 ft. wide, with a section
upon the footwall of 5 to 6 ft. in width, assaying from 8 to 10 dwt. per ton. The reef is to a
certain extent patchy, but 75 to 80 per cent. of the whole body can be profitably mined.
This is of importance, as stamping power and consequently production can be increased, and
working cost generally reduced. The Main Reef Leader at this level is very good west
of shaft, but poorer to the east. The South Reef maintains its width and quality, and has been
developed nearly the full length of the property. On the 5th level the Main Reef is over 20 ft.
wide, and gives an average assay of 7 to 8 dwt. per ton. Main Reef Leader and South Reef have
proved rather poor in developing, and this is accounted for by the fact that a poor zone seems to
traverse the whole Rand at a vertical depth of about 400 ft. In the mine development economy is
being observed in sinking the main shafts and various winzes on the respective reefs. By this
procedure payable ore instead of barren rock is being taken out.

The development of the year 1894 resulted in the following :—

Lcvel. Main Reef. Main Reef Leader. South Reef. Grand total.
4th 13,708 tons 4,950 tons 5,550 tons 24,208 tons
5th 8,038 ,, 6,397 ,, 20,295 ,, 34,730 ,,

21,746 tons. 11,347 tons. 25,845 tons. 58,938 tons.

The total development exceeds the tonnage crushed by 20,340 tons.

Orc Reserves.

On December 31, 1893, the ore reserves in sight and ready for stopiug amounted to 87,243
tons; and on December 31, 1894, to 107,950 tons. This is an increase of over.20,000 tons. The
full width of the Main Reef is included in this estimate, and as nearly all the_Main Reef is payable,
there can be little doubt that the mine is capable of supporting larger stamping power.
 x74 WITWA TERSRAND MINES.
Financial Statement of the Company's position on December 31, 1894.
, £ a. d.
Dividends paid up to end of 1890 _ 17,575 0 0
Balance, profit and loss account, December 31, 1890 10,063 12 8
1891, net profit 8,363 15 1
1892 ,, 30,939 4 3
1893 ,, 43,720 7 4
1894 ,, 32,608 17 0
143,270 16 4
Total capital supplied 51,354 3 6

£194,624 19 10
Declared and paid in dividends .. £130,475 0 0
Paid out of profits for additional property 2,361 0 0
132,836 0 0
Balance £61,788 19 10

which shows that about £10,000 more than the capital supplied have been sunk into the mine; the
balance of assets over liabilities representing £30,000, as against £61,789 invested, whereas at the
same time it must be noted that the value of the property is always taken at original cost, while
the whole value has been largely augmented by the increase in the value of the deep level claims
under the joint battery.
GENERAL REMARKS.—Taking into account the increased stamping power, the life of the Com
pany with regard to the 14 original claims is calculated at seven years at least, as far as regards
the South Reef, which it is estimated would be exhausted-by that time ; but a large body of Main
Reef and Main Reef Leader would still remain to be treated. A very considerable value is to be
placed upon the 36 claims in which the Company holds a half-interest. The claims enquired
from the New Grahamstown Company will probably return 172,500 tons of payable ore. A contract
has been entered into with the Rand Central Ore Reduction Company for the sale of all accu
mulated slimes, and of those that will be available during the next two years. A contract has
also been entered into for the slimes at the old mill. In July, 1895, it was decided to sell the 36
battery site claims to a compan formed to purchase them and 49 claims from the Rand Mines.
This Company has a capital 0 £275,000 in £1 shares, of which £80,000 would go to the Rand
Mines, £70,000 to the Jubilee and Salisbury Companies (Le. £35,000 to each), and £100,000 would
be issued at par, leaving £25,000 in reserve. A Salisbury shareholder, however, has obtained a
provisional interdict in regard to the matter, and it is at present in abeyanee.

JUMPERS DEEP, LIMITED.

Formed in October, 1894.
CAPITAL—£400,000 in £1 shares; 300,000 shares issued and fully paid up.
Directors.
F. Ecss'rsm (Chairman), G. Roumm‘, W. T. GaAnAn, D. H. BENJAMIN, and W. H. Rooms.
General Manager. Manager.
H. C. PERKINS. STRANGMAN HANCOCK.
Head Ofice and Secretary.
R. V. MIDDLE'ION (P.O. Box 771), Eckstein’s Buildings, Johannesburg.
Transfer Secretary.
0. R. O’FLAHERTY.
- London Agents and Office.
The Exploration Company, Limited, 30, St. Swithin’s Lane, E.
FINANCIAL HISTORY.—Distribution of vendor shares—Rand Mines, 78 per cent., 156,000 shares ;
Consolidated Deep, 22 per cent., 44,000 shares; total, 200,000. 100,000 shares have been issued at
par, as working capital, to the vendors in the following proportions :—Rand Mines, £78,000;
Consolidated Deep, £22,000. A working agreement was simultaneously made with the Jumpers
G. M. Company, which states that in case the Jumpers Company obtains the right to mine under their
bewaarplaatsen and water-rights, 51'6 claims in all, the Jumpers Company has the choice of two
 WI T WA TERSRA ND MIXES. 175
things—either to lease the property to the Jumpers Deep, in which case it would receive 18 per
cent. of the profits earned by the Jumpers Deep, after allowing 6 per cent. interest on the capital
expenditure and 10 per cent. for depreciation; or it has the option for 5 years to take shares
in the Jumpers Deep in lieu of the profit interest, viz., 43,900 Jumpers Deep shares and the right
to subscribe to 21,950 of the working capital shares in reserve at par. Provision had also been
made in the formation of the Jumpers Deep for the acquisition of 21 claims, originally known as
the Jumpers and Heriot Deep Level, in which the Rand Mines has an interest of two-thirds, and
a block of 21 claims, known as the Donian block, in which the Rand Mines has a half interest. In
case these properties are absorbed, 71,700 shares will be paid for these blocks, the vendors further
havin the right to subscribe 35,850 shares of the working capital at par. This would bring the
capita up to £478,400, of which £157,800 will have been subscribed as working capital. The total
claim area will then be 313 claims. The Company exchanged 9;} claims for 4 claims with the
Treasury Company, and received 23,000 Treasury shares, which are an additional asset. The
Company has approximately spent £30,000 on shafts, plant, and buildings.
DESCRIPTION OF THE PROPER'I'Y.—Consists of 2171.,- claims, situated immediately south of the
Jumpers Gold Mining Company. If the Jumpers Gold Mining Company gets the right of mining
under its bewaarplaatsen, the Company will have 516 additional claims. If the 42 claims of the
Donian and Heriot Deep are also taken in, the total area will be about 313 claims. The nearest
distance from the outcrop is 750 ft., and the furthest point is 5,300 ft. The Company has 4,000 ft.
on the strike of the reef, with a dip of 4,500 ft. (For plan, see Volume III.)
DEvEmPMENT.—The mine is being developed by means of two vertical shafts. No. 1 (east
end of property) is 21 x 6 ft. in the clear. It is 1,550 ft. from the outcrop and 1,600 ft. west of
the east boundary. N0. 2 shaft, also 21 x 6 ft. in the clear, is 1,400 ft. distant from No. 1 shaft.
It is situated 2,080 ft. from outcrop and 1,600 ft. east of west boundary. At June 30, 1895, shaft
No. 1 had reached a depth of 346 ft., and shaft No. 2, 241 ft. At July 30, No. 1 shaft was down
404 ft., and No. 2, 306 ft.
EQUIPMENT—N0. 1 Shaft: This shaft was started on January 19, 1895. It is sunk at a
distance of 750 ft. from the northern boundary of the property, and at about 1,200 ft. from the out
crop. It is fitted with a wooden head-gear 65 ft. high, ore bins, and 1 ton self-tipping skips. The
dimensions are 21 x 6 ft. inside timbers, and it is timbered throughout with 6 x 8 in. karri wood.
It is divided into 3 winding ways and pump compartment. Pump : Pumpingr is done at present
by a Knowles sinking pump, which is being replaced by 1 Tangye pump, iven by 1 Tangye
engine 14.1; x 28 in. geared, 50 h.p. Hauling : (Temporary) Hauling is now done with a Ruston &
' Proctor geared engine 13 x 24 in., 35 h.p. This plant is being replaced by 1 Alles engine, 18 x 48 in.,
10 ft. drums, direct acting, and also by a Cochrane single drum engine, 10 ft. drum, to serve the
3rd compartment of the shaft. Compressor: (Temporary) Consists of half of a. 24 drills Ingersoll
Sergeant plant. This plant will shortly be replaced, the present plant being kept as auxiliar .
Central Boiler-house: Building, 161x40ft. Boilers, 2 Fraser &. Chalmers “Standard,” 5 t.
6 in. x 16 ft., multitubular, externally fired. Smoke-stack, 75 x 3 ft. To be added : 8 similar boilers,
and stack 135 x 8 ft. 6 in., all fitted with Cameron feed pumps. The central boiler station supplies
steam to winding engines, compressors, and workshops.
N0. 2 Shaft.‘ Started March 13, 1895, and is expected to strike the reef at a depth of 1,200 ft.
It is of the same dimensions as No. 1. Hauling: (Temporary) Done by a small Robey engine, now
being replaced by a 20 x 60 in. Yates &. Thom direct acting winding engine, and also by a second
winding engine for the 3rd compartment of the shaft. Pumps : The present Knowles sinking
pump is being replaced by a Douglas &. Grant pumping engine to run a lO-in. Cornish pump.
Boilers .' In course of erection, 2 Fraser &. Chalmers multitubular “ Standard” boilers, externally
goreii, 5 ft. 6 in. x 16 ft. Smoke-stack, 100 x 4 ft. 9 in. It is also contemplated to add another similar
1 er.
Mill: At a later date it is contemplated to erect a 200-stamp heavy type mill, which will be
constructed close to the main boiler station. Water Service : Water for milling purposes will be
obtained from the Rand Mines dam. The pumping station and main pipe will be the one now
used by the Geldenhuis Deep, which adjoins the property, and it will only be necessary to connect
the main pipe with the mill at a distance of 300 ft. Fitters’ Workshop: Building 100x 40 ft.,
fitted with 2 lathes 8 ft., 1 lathe 20 ft., 2 drilling machines, planing, shaping, and screwing
machines. Smiths’ Shop: 15 drill-sharpening fires, 4 forges, one 3,000 lbs. steam hammer, 1
Sturtevant 4 ft. blower. Carpenters’ Shop : Building 100 x 40 ft., circular and hand saws, drilling
and mortising machines, lathes, planing machines, and sundry plant and appliances.
GENERAL REMARKS.-—Th8 Company employs 50 whites and 150 natives. 10 drills are at
“gorlgg The general manager estimates that the Company will begin to crush at the latter end
0 1 7.
176 IVITIVA TERSRAND MIXES.

JUMPERS GOLD MINING COMPANY, LIMITED.

Formed in 1887.
CAPITAL———£100,000 in £1 shares; all issued and fully paid up.
Directors.
JAims HAY (Chairman), G. Ronmor, J. BKRLEIN, A. T. Sommrr, and W. H. ROGERS.
London Agents. .
CHARLrs Rona, H. ZOEPPRITZ, and F. VOELKLEIN.
Secretary and Head Oflice.
H. D. SOIDMON, Consolidated Goldfields Buildings, Johannesburg.
London Secretary and Ofliw.
ANDREW Mom, 120, Bishopsgate Street Within, E.C.
CAPITAL CHANGES—Original capital, £42,000, of which £15,000 was working capital. In
August, 1888, the capital was increased to £50,000, by creating 8,000 new shares, 5,000 of which
were sold, realizing £32,422 108. ; leaving 3,000 shares in reserve. Subsequently 2,000 shares were
sold, realizing £24,156 148. 8d. The remaining 1,000 shares were sold for £4,171. In August,
1890, the capital was increased to £100,000 by the creation of 50,000 new shares, which realized
£91,094 178. 6d. Total capital supplied, £166,845 2s. 2d. Total premium realized on shares
sold, £93,845 2s. 2d.
16:; ACCOUNTS AND FINaNCEs.—Accounts are made up half-yearly to January 31 and July 31
respectively. Depreciation is allowed for once a year—on July 31.
Balance-sheet, January 31, 1895 :—
Liabilities. £ a. d.
To Capital account 100,000 0 0
,, Sundry creditors... 5,159 19 7
,, Native labour suspense account—amount due to natives 1,140 10 0
,, Dividends unpaid account 25,142 12 6
,, Balance—profit and loss account 69,012 8 11
£200,455 11 0
By Property account— Assets. £ a. d.
,, 39 claims on Main Reef 27,000 0 0
,, 19.1; claims north of Main Reef 747 18 6
,, Mill 50,706 4 11
,, Water-right 8,030 14 4
,, Plant account 27,428 12 9
,, Permanent works 8,115 12 9
,, Mine development 22,420 10 0
,, Buildings 20,998 10 2
Fencing £107 8 8
Stores 2,260 13 4
Quartz on hand 2,231 17 6
Licenses prepaid 137 15 0
Life Insurance prepaid 165 15 8
Fire Insurance prepaid 138 8 8
Sundrydebtors 1,505 19 1
Concentrates on hand 3,314 12 5
,, Investment account— _— ooool
oo 9,862 10 4
Chamber of Mines debentures 500 0
Rand Mutual Insurance shares _... 590 0
Jumpers Deep, Limited 1(1) 0
Johannesburg Town 6 per cent. debentures 4 I 100 0
_____ 5,290 0 0
,, Gold in transit, 6,579'95 oz. at 748. 24,345 16
Less advanced by bank 18,350 0
,, Cash— ______ 5,995 16 3
Standard Bank, fixed deposit 10,000 0 0
,, ,, current account 2,314 12 9
,, ,, London 1,172 2 5
,, ,, interest due 200 0 0
,, ,, dividend account 142 12 6 ~
,, Cash in hand 29 13 4
£200,455 11 0
 \\
(1121-1 1. 1:‘. C1\
~j-_ _ D" l

lVITWA TERSRA ND MINES 177

Profit and loss account, July 31, 1894, to January 31, 1895 :—
Dr. £ 8. d. Cr. - £ 8. d.
To working expenses— By old account, 22,596'88 02.... 84,524 14 5
Quartz-winning 25,102 13 3 ,, éoncentrates, 3,744 oz. 10,411 0 0
Hauling and pumping 8,186 13 3 ,, Tailings, 30,000 tons 2,891 12 0
Quartz-riding 1,788 2 3 ,, Balance, asper last statement,
Milling 16,152 14 8 less auditor’s fees, £52 108. 63,565 18 10
Redemption 14,084 15 0 ,, Interest "' .,. 246 17 6
General charges 2,312 15 5
,, Dividend account, No. 7 25,000 0 0
,, Balance 69,012 8 11
£161,640 2_9 £161,640 2 :1
On January 31, 1895, the financial position was as follows :—
£ 8. d. £ 8. d.
To sundry creditors—January pur- By cash at bankers and on han 13,859 1 0
chases 5,159 17 7 ,, Gold in transit 5,997 5 1
,, Native wages 1,140 10 0 ,, Concentrates on hand 3,314 12 5
,, Dividends unclaimed 142 12 6 ,, Investment account... 5,290 0 0
,, Dividend No. 7 25,000 0 0 ,, Sundry debtors 1,505 19 1
,, Debit balance 1,476 2 6
£31,443 0 1 £31,443 0 1
Against the debit-balance of £1,476A252 the value of stores on hand is £2,260 1311. 4d.
The profit on mining and milling operations during the half-year amounted to (ride £ 9. d.
profit and loss account) 30,199 12 7
Interest on debentures and fixed deposits 246 17 6
£30,446_1—0—1
Balance brought forward from last account ' £63,618 8 10
Less auditor’s fees 52 10 0 63,565 18 10
£94,012—811
Dividend of 25 per cent. 25,000 0 0
Leaving a balance to credit of profit and loss account _£69,0_1—2_;8 1_1
PRODUCTION, PROFITS, AND Dlvrnnxns—Compamtive table showing production of the com
pany since its formation, total profits made, and dividends declared and paid up to Jan. 31, 1895 :—

'' . Total Concen- Tail- . . I Number

. Tong Tong . Yleld Total ~ T0151 Dli'ldendl declared ~
Penal‘ mined. milled. Tomlymm' per ton. ,valuazfm profit! and paid. Rmlx’rtpL

Since formation 0,, dwg, ‘dwt. gr. , £ 1. d. ' 1: percent. 4:

To January 81, 1888 _- _ > 1 - )1 ) 10 1,
Half-year 5,574 4 19,509 - _ _ , 5,5696/11/88 5 2,100 12612“
,, July 81,1888 _ _ l ._ l,
,, January 81,188910,027§ 8,6671 8,627 15 l - 29,90832 01‘ _ - 15161 4/1/89 10 4,700 20,90
,, July 81,1889 ...19035 9,864 9,12713 1812 61649193 011 _ - 12,950 March 10 4,700 90
,, January 81,189029,878 24,795 14,269 6 , 1113 149,96680 51, - l _ 8,602 - so, 70
.. July 81.1890 ...93,704 83,402 14,201 11 e 12 48,56462 11' _ ' - P5226 - 70,100
‘ ‘ in t
,, January 91, 189191816 32,429 12,927 1 7 29044722628 21 - - 1,550 - 100
,, July 81,1891 ...‘29,881 27,742 10,722 3 7 17526949629 51 - _ 1,105 - 50,100
,, January 81,169222,995 20,921 7,061 9 6 15 1225,5782’; 11 _ - 1.6138 - 50
,, July 81, 1892 ...29,482 21,776 7,457 8 6 204 12721328 1 14,67 - 4.269 - 00
,, January 31 1 32,086 30,748 16,358 10 1536 58. 28 9 32,116 —- 21,995 10 10,000 50,100
,, July 21, 1696 ...42,470 42,002 17,925 9 196667," 29 a 6,288 7,500 11,229 _ 100
,, Juuuury 81,189449,282 48,481 21,777 10 6 ‘81,14626 a 7,467 _ 1420 1515.000 101
,, July 81,1894 ...53,229 59,060 24,692 5 10 16209175221 4 9,267 _ 28,883 20 60,000 100
,, January s1,189556,426 56,426 22,596 17 I 9 7'9284,524,23 111,110,411 2,801 30,446, 25 25,000 100
, I .
Rer'apitulation :"Since 101-1551101151 the Company tdJanuary 31, 1895.
Quartz won. Quartz milled. Yield. VB Inc. Pmfim- D h'idellds Paid
tons. tolls. 0L 1'. . £ 1. d. 5
418,597 415,473 203,859 738,532 3 2 157,312 lb 6 91,5“)
f_—~_\ LESS 1088 0,356 8 1
including concentrates. _—T,
£151,056
VOL. 1. ' ' N
178 H'ITIVA TERSRAND MINES.

A further dividend of 25 per cent. (£25,000) was declared in June, 1895, making the total
distributions 130 per cent., or £116,500.
REMARKS ON MILLING RrsUL'rs—At the beginning of 1891, the mine development was, owing
to want of capital, practically at a standstill, and the 100-stamp mill was rapidly overtaking the
available ore supply. It was therefore decided to crush with 50 stamps for the Geldenhuis
Estate Company at £2,250 per month. This arrangement afl'orded time for working out the low
grade ore in the intermediate level, without loss, and to open up the stopes in the 3rd level.
The total crushed for the Geldenhuis Estate amounted to 69,681 tons, and the revenue to the
Company to £38,495 118. This crushing contract expired on October 1, 1892, whereupon the
Company resumed crushing its own ore with the full complement of 100 stamps.
MINING INTELLIGENCE—During the first half-year of the Company’s operations, crushings
yielded 3 oz. 7 dwt. 8 gr., including a trial-crushing of 100 tons, yielding 936 oz. 8 dwt.
Up to January, 1889, the steady ounce per ton yield was maintained, although reefs of every
description were milled. All ore up to this stage was free milling ore. Up to July 31, 1889,
the crushings of ore, together with a quantity of casing, yielded an average of 18.1;dwt. per ton.
Up to that date operations were confined to the Main Reef, together with the Main Reef Leader only.
The ore in the second level had already become distinctly pyritous. Owing to the pyritous nature
of the rock, and to the short fall in the water supply, the yield in the half-year following dropped
to 11 dwt. 13 gr. In the half-year ending July 31, 1890, an intermediate level between 1st and
2nd levels was opened up, in order to obtain more free milling ore; the yield in this half-year
again dropped to 8 dwt. 12 gr. A great deal of disturbed ground was met with in the development,
and estimates of available one, made from ore in eight, were found to be greatly overrated. During
the half-year ending January 31, 1891, the short-fall of ore was severely felt, and in order to keep
the 100-stamp mill supplied, great quantities of sandstone (casing) were crushed along with the
reef, which accounts for a further reduction in the yield, namely to 7 dwt. 23'34 gr. During the
half-year following concentrating tables were erected, and frue vanners ordered for 50 stamps. A
further slight decline in the yield was attributed to insufficient development of the mine, and the low
grade of ore crushed. At the 3rd level, all the ore became pyritic. During the half-year ending
January 31, 1892, the ground became more disturbed; hence the yield was only 6 dwt. 15 gr.
During the half-year ending July 31, 1892, the frue vanners were put into operation, and accord
ingly an improvement in the yield was made, while the lodes in the 3nd level were also improving.
In the half-year following the yield recovered to the 10 dwt. standard, the average being 10 dwt.
15'36 gr., including concentrates. Throughout the mine the country was badly disturbed to the 4th
level, while the lodes were poor, patchy and broken. The average yield during the period ending
July 31, 1893, amounted to 9 dwt. 19'68 gr., and from this time to January 31, 1895, the average
yield remained at 10 dwt., including concentrates. At 4th level, the main reef Qsometimes called
.south) turned out well, the development showing a strong, well-defined lode of a most permanent
character and of good value, running intact throughout the east mine. Altogether, from this stage
the mine appreciably improved, breaks and dykes having been definitely located, and the lodes
maintaining their regular width and value.
DFBCRIPTION OF PROPERTY.—The property consists of 20 claims on the outcrop of the Main
Reef series, with about 3,000 ft. on the strike of the reef, the outcrop being close to the northern
boundary; and, further, of 19 claims adjoining the former on the first dip, these forming the whole
of the mining area. The Company also owns a number of outside claims and stands (51'6 claims
in all), used for mill-site and buildings, for depositing tailings, etc. Originally two water-rights
belonged to the Company, to which a third water-right was added by purchase from the Ruby
Gold Mining Company, Limited. The Company possesses plenty of space for storing tailings,
slimes and residues. Three more claims were purchased in 1894, north of the reef, which have
been used as a building site for the mine secretary’s house. (For plan, see Volume III.)
DIECRIPTION or MINE—Th6 first works were partly open works. Two main shafts were
however started at an early date, and the development of a 1st level commenced at 70 ft.
depth. The only lode worked then was the Main Reef, together with the rich leader, em
bracing in all 5 ft. width of good payable ore. Down to the 2nd level, all the reefs increased
in width, and gave an average of 13 to 14 ft. of milling matter. At the 2nd level pyritic
ore was found, and an intermediate level in the free milling section was opened up. On
July 31, 1893, the development had proceeded as far as the 5th level, and a lot of dead work had
been got over through the disturbed portions of the mine. The reefs intercepted at 4th level
averaged 2 ft. 6 in. in width, and had an assay value of 17 dwt. 3 gr. per ton. On 3rd level a
pocket of gold specimens was discovered in the North Reef, returning about 40 oz.
MINE DEvEmPMEN'n—January 31, 1895. Main inclines sink towards 7th level ; the following
quantities of ore reserves are in sight :—
 WI TIVA TERSRAND MINES. I79

tons.
West Block.—4th level 26,655
,, 5th ,, .. 13,255
East Block—Sui ,, 3,209
,, 4th ,,. 15,386
,, 5th ,, 55,024
,, 6th ,, 6,640
Lying on surface 3,124
Broken, and lying in stopes... 2,000

125,293

From this it will be seen that the development is well ahead of the mill.
EQUIPMENT (June 1895).—East Main Shaft : This shaft is sunk vertically to adepth of 410 ft.,
and continued on the dip to a further distance of 262 ft. Size 15 ft. 6 in. by 6 ft., timbered
throughout. It is divided into two cage-ways, pump- and ladder-way. The head-gear is 40 ft. high,
and covered by the engine buildings. The cages are of the ordinary type, and are fitted with safety
hooks. This shaft is connected with the west shaft at the 3rd level, which runs through the property
from east to west. Seven levels are started from this shaft, and drives at each level are as follows :—
Nos. 1, 2, and 3 levels are exhausted.
No. 4, on North Reef 840 ft. west of shaft.
,, ,, Middle ,, 210 ,,
,, ,, Main ,. 880 ,, and 600 ft. east of shaft.
No. 5 ,, North ,. 410 ft. east of shaft.
,, ,, Middle ,. 235 ,,
,, ,, Main ,. 455 ,, and 1,025 ft. west of shaft.
No. 6 ,, Main .. 325 ,, and 530 ,,
No. 7 Nil.
Pumping : Pumping is done by one 8-in. Cornish pump, driven by special engine, 25 h.p.
single horizontal, 16 x 28, by Ruston & Proctor. Hauling Engine : Pair of Marshall geared,
10x 14, 16 h.p. Air Compressor: This plant consists of 1 compressor, by the Rand Drill Co.,
18 x 30, driven by one 50 h.p., by Fraser & Chalmers, cylinder 18 x 30 in. Condenser.‘ In
course of erection (makers, Robinson & Co.). Reservoir, 8 x 3 ft. Steam cylinder, 7% x 10 in.
Air pump, 9x 10 in. Circulation pump, 10x 10 in. Electric Light is derived from 2 Elwell
Parker dynamos, driven by special 12 h.p. single-acting Marshall engine. This plant distributes
light to the mine and surface works. Boilers : Steam is supplied by four 50 h.p. boilers, Fraser &
Chalmers’ multitubular, fitted with 2 Knowles’ 5 x 8 in. feed-pumps, and feed-water heaters.
Underground Hoisting Plant: At various points of the mine, underground, are placed 3 Fraser &
Chalmers, and 2 Ruston & Proctor hoisting engines, driven by means of compressed air, obtained
from the main plant.
West Main Shaft—This shaft is sunk to a vertical depth of 390 ft. 6 in., and 45 ft. on incline.
Seven levels are driven from this shaft as follows : No 1, 2, and 3 are exhausted on the Main Reef ;
No. l exhausted on the North Reef; No. 4, North Reef, 335 ft. east, Main Reef, 515 ft. east and 760 ft.
west; No 5, Main Reef, 500 ft. east, and 650 ft. west; No. 6, Main Reef nil, and 65 ft. west; No. 7,
Main Reef, nil and 200 ft. west. Nos. 6 and 7 levels are not started from the main shaft, but from a
winze east of main shaft. Head-gear : The head-gear is of iron, 34 ft. high, 2 cage-ways, pump
and ladder-way. Pump : 8-in. Cornish pump driven by 25 h.p. single horizontal engine by Ruston
& Proctor. Hauling engine .' The cages are raised by means of one pair 14 h.p. geared independent
drums, by Ruston & Proctor. Boilers .' One 16 h.p. Ruston & Proctor, one 14 h.p. Marshall locomotive
type. Haulage : The ore is conveyed to the sorting-floors by tram and mule haulage to a point on
the south side of the Netherlands Railway, at a distance of 1,500 ft., and from thence by endless rope
haulage to the sortingfioors, where it is raised to an elevated bridge,48 ft. high. It is there tipped
on grizzly bars, 28 ft. x 40 ft., and washed and sorted on the floor. From this floor the waste rock
is taken to dump, and the valuable rock crushed by two No. 5 Gates crushers, placed over bins of 550
tons capacity. Engine .' This plant is driven by one 20 h.p. compound engine, 9 in. and 14 x 16 in.
This engine also drives a 4-in. pump which supplies water to the sorting-floors. The endless rope
haulage is worked from a main counter shaft driven by the same engine.
MilL—Consists of 100 Sandycroft stamps, 950 1b., fitted with Challenge ore-feeders, driven by
one 220 h.p. compound engine by Fowler & Co., with separate air-pump air-cylinder 10} x 10 in.,
steam cylinder, 7 x 10 in. Circulation is obtained by gravitation. Frue 'vanners : 50 Frue vanners
are placed in a separate building below the mill. The pulp is carried to them by two 36 ft.
180 WITWA TERSRA ND MINES.

elevators, driven by a separate compound engine, 8 in. and 14 x 16 in., 50 h.p., by Ruston &. Proctor.
This engine also drives the dynamos which supply light and power to the cyanide plant.
Cyanide Works : From the vanners the tailings are elevated to the cyanide works by a 40-ft.
wheel, and discharged into the vats by Butters’ rotary distributers for direct treatment. The plant
consists of two 20-ft. vats for the treatment of concentrates, eleven 30-ft. vats for treatment of tail
ings, and six solution vats. The leaching and concentrates vats are fitted with Brown & McBride’s
patent bottom discharge doors. The leaching vats are also fitted with slimes separators. After treat
ment the tailings are dumped by mule haulage. The plant is completed byG extracting boxes, roast
ing furnace, stills for pure water for assaying purposes, assay plant, and pumps driw’eu electrically.
Electric Light: Light for the mill, vanners, crusher station, is obtained from three Elwell-Parker
dynamos, driven by a 25 h.p. com und Marshall engine. The cyanide works derive light from
dynamos at cyanide works, whic also supply power to the solution pumps. Pumping station:
\Vater is returned from settling pits by 8-in. centrifugal pumps to a main service dam, and taken
from there by two IO-in. Tangye pumps to the main service reservoir constructed above the mill.
The suction pipe is 12 in. in diameter and 500 ft. in length. Workshops : Fitters’ and smiths’ shops
are erected at the mine, but the principal workshop is erected at the mill. These workshops obtain
power from the mill engine. The plant consists of one drilling machine, one planing machine, one
sharpening machine, one 18-ft. lathe, one 6-in. lathe, one pipe-screwing machine, one lathe for drilling
guide blocks, forge and sundry appliances. Main Boiler-house at Mill: All steam for the mill
engines, elevators, dynamos, cyanide works, crusher house, and workshop is obtained from the
boiler-house, which contains four 30 h.p. locomotive boilers by Fowler & Co., two 30 h.p. locomotive
boilers by Marshall, and one 20 h.p. locomotive boiler by Hornsby. This last-mentioned one is kept
in reserve in case of repairs of any of the others.
GENERAL RE.\iARKS.——AS will be observed, the working cost has been steadily decreasing
during the last two years, although great difiiculties had to be overcome ; a lot of dead work was
performed in the disturbed sections of the mine, and the frequent short-fall in the supply of ore led
to partial suspensions of milling operations. With the improved state of the mine, and the new
drilling plant, ore supplies should not fail. The cyanide works now erected will be the means of
realising the large amount of tailings in hand. Should the Company obtain the right to mine
under its bewaarplaatsen and water-rights (equal to 516 claims), they will be transferred to the
Jumpers Deep on the terms mentioned in the notice of that Company.

KLEINFONTEIN CENTRAL GOLD MINING COMPANY, LIMITED.

Formed in August, 1895.
CAPITAL—£250,000 in £1 shares ; 225,000 issued and fully paid up.
Directors.
GEO. FARRAR, W. DALRYMI‘LE, H. J. KING, G. IMRO'I'H, O. DE‘I'I‘ELBACH, and J. G. CURREY.
Head Ojz‘ce.
Johannesburg, Transvaal.
CAPITAL APPROPRIATION :—
' Shares.
To the vendors 202,666
Working capital, underwritten at 40s. by vendors 22,334
Reserve shares, under a 12 month’s option to the rantors of the
working capital at 503. per share . . 25,000
£250,00o
Distribution of vendors’ shares .'— i m h
Shares.
To the Chimes Deep Level Gold Mining Company, for 105 claims 122,000
,, ,, owners cf the Ginsberg Block, 17 claims
,, ,, ,, ,, Bailey ,, 20 ,, 40,000
11 n n n shingler n 11 n _ _
,, ,, ,, ,, Chimes Deep Level Gold Mining Company, for
certain assets . . 40,666
moaned
 WI 2‘ WA TERSRA ND MINES. 18 I

WORKING CAPITAL—The working capital provided, if the 0 tion is exercised, will be £107,168;
in addition to which the Company takes over realisable assets 0 the Chimes Deep Level having a
value of £90,000, which will give a total working capital of about £200,000.
PRoPERTY.—~Consists of 153 claims, being partly the immediate extension of the New Chimes
Gold Mining Company and partly comprising the immediate deep level of the New Kleinfontein
Gold Mining Company. The property will be found to contain two reefs, viz., the one at present
being worked by the New Kleinfontein Gold Mining Company, and the South Reef, known as the
Chimes Reef, which is being worked by the New Chimes Gold Mining Company and the Modder
fontein Gold Mining Company. (For plan of property, see Volume III.)

KLIPFONTEIN ESTATE AND GOLD MINING COMPANY, LlMilTED.

Formed in 1805.
CAPITAL—£200,000 in £1 shares; all issued and fully paid up.
Dirvrtors.
CAPTAIN E. F. Rnonas, F. Ecxs'ram, G. RICHARDS, L. EHRLICH, I. Mamas, S. MORITZ,
and W. HUME.
Serrvlm-y and Head Oflire.
D. RINTOUL, Johannesburg, Transvaal.
FINANCIAL HISTORY.—The present Company was floated in 1895 with the object of purchasing
the assets of the Amatola Estate and Gold Mining Company, Limited, with a capital of £200,000
in £1 shares fully issued. Of this amount £25,000 forms the working capital, and 25,000 shares
are held in reserve, the balance being issued to the vendors and promoters. The Amatola Company
was formed in 1804, with a capital of £250,000 in £1 shares, all issued. The directors were Messrs.
Motram, Isaac Meyers, C. Acutt, T. \Vitford, D. Schuitema, S. R. Martin, and L. Ehrlich ;
secretary, J. Holliday. This Company was liquidated in April, 1895, and all the assets were trans
ferred to the Klipfontein Estate and Gold Mining Company, the shareholders of the Amatola Com
pany receiving 40,000 Klipfontein Estate shares and £6,250 cash for their assets.
PROPERTY.—The property of the Company consists of 2,264 acres on the farm Klipfontein
at the eastern end of the Rand. This area is approximately one-half of the farm, the remainder
being the property of the Rand Klipfontein Syndicate. Johannesburg is 22 miles to the west.
The property is close to the Modderfontein Gold Mining Company and to the Brakpan Colliery.

KNIGHT’S CENTRAL, LIMITED.

Formed in August, 1895.
CAPITAL—£525,000 in £1 shares ; 425,000 issued and fully paid up.
Directors.
H. J. KING, Gao. Roumorr, G. RICHARDS, KARL Wonrr and J. S. CURTIS.
London Committee.
S. Nemmxx, C. RUBE, H. E. M. DAVIYS, and HARRY MOSENTHAL.
Head Oflice.
Johannesburg, Transvaal.
CAPITAl..—Appr0priation .' To the vendors, £200,000 ; working capital supplied at par by the
vendors, £200,000; held in reserve, £125,000. Total, £525,000.
DISCRII’I‘ION OF PRDPERTY.—-The property consists of 422 claims to the immediate south of
the Knight's Deep, and on the east side of the Simmer and Jack East. (See plan in Volume III.)
GENERAL REMARKS.—The property was owned and has been floated by Messrs. Wernher,
Beit & Company, Messrs. S. Neumann & Co., the Consolidated Gold Fields of South Africa, Messrs.
Mosenthal, Sons & Co., and Mr. J. S. Curtis. The par valuation of claims, based on the vendors’
capital, is £470 per claim.
182 WITWA TERSRA .VD MIXES.

KNIGHT'S DEEP, LIMITED.

Formed in July, 1895.
CAPITAL—£550,000 shares ; 330,000 issued and fully paid up.
Directors.
Geo. RICHARDS, Geo. ROULIO'I‘, H. J. KING, KARL WOLFF, and J. S. CURTIS.
London Committee.
CHARLES Runs, S. NEUMANN, H. E. M. Dawns, and HARRY Mosns'rrun.
Head Oflce.
Johannesburg, Transvaal.
CAPITAL APPROPRIATION.—TO the vendors, 281,682 shares; Working capital subscribed at par
by vendors, 148,318 shares; held in reserve, 120,000. Total, £550,000.
PROPERTY.—Consists of 183 claims adjoining the Glen Deep on the east, and forming the deep
level of the Glen Luce Gold Mining Company, and part of the \Vitwatersrand Gold Mining Company.
The claims are situated about 2,000 ft. from the outcrop. (For plan of property see Volume III.)
GENERAL REMARKS.—-Tlle vendors and promoters are: Messrs. Wernher, Beit & Company,
Messrs. S. Neumann &. Co., the Consolidated Goldfields of South Africa, Messrs. Mosenthal, Sons &
Co.,a1nd Mr. J. S. Curtis. The par valuation of claims, based on the vendors’ capital, is £1,550
per 0 mm.

LANCASTER GOLD MINING COMPANY, LIMITED.

Formed in May, 1895.
CAPITAL—£300,000 in £1 shares; 234,500 issued and fully paid up.
Directors.
A. GOERZ (Chairman), A. BRAKHAN, W. DALRYMPLE, and W. H. ROGERS.
Secretary and Head Ofiicc.
F. W. DIAMOND, Johannesburg, Transvaal.
London Secretary and Oflicc.
H. MILITZ, 120, Bishopsgate Street \Vithin, EC.
CAPITAL.—Nominal capital, £300,000. Issued to vendors of the property, £134,500; working
capital, fully paid, £100,000; reserve shares, 65,500. Up to the end of July, 1895, the total
expenditure, all for prospecting and development, did not exceed £3,000.
PROPERTY.-—The property consists of 300 claims on the farm Luipaard’s Vlei, Witwaters
rand, 18 miles west of Johannesburg, and 1 mile south of Krugersdorp. Railway station, Krugers
dorp, é mile distant. The present Company includes the old Monarch Company, the Battery Beef
Extension Gold Mining Company, and the Van Wyk Gold Mining Company, besides other claims.
The property is bounded on the north by the York Gold Mining Company and the George and
May Gold Mining Company; on the west by the West Rand Mines and Violet Gold Mining Com
pany; on the east by the Luipaard’s Vlei mynpacht. It forms the deep level of the York Gold
Mining Company. It extends 3,600 ft. from east to west at its widest part, and 7,200 ft. from
north to south, being 18 claims deep.
MINING INTELLIGENCE—Prospecting of the property is now being carried on at several
points on the different reefs, as follows: No. 1 borehole is sunk close to the north-eastern
boundary of the property, to intersect the north reef of the Botha’s series, which was struck
at a depth of 554 ft. At 550 ft. a leader of 11 in. carrying only traces of gold was met
with, followed by 2 ft. of sandstone, then a leader of conglomerate, 3 in., carrying traces of gold,
then 9 in. of sandstone, then the North Reef of the Botha’s series, 11 in., assaying by fire assay,
131- oz. South of the Botha’s series, numerous beds of conglomerate outcrop on the property; some
carry gold. These reefs, however, have not as yet been properly tested, and are reserved for later
development. The next reef met with is the Monarch Reef, on which is a shaft 100 ft., with 150 ft.
of driving. There is a. 20-stamp mill, and all appliances of a completely equipped 20-stamp battery.
This part of the property originally belonged to the Monarch Gold Mining Company, and is
 WIT WA TERSRA ND MINES. :83

now included in the property of the Lancaster. The Monarch Reef is supposed to belong to the
Bird Reef series. At the present time work is suspended on that portion. The Battery Reef out
crops at the 10th claim of the property, numbering the claims from the north. It outcrops from
east to west, a distance of 2,700 ft., with a dip of 2,350 ft. This portion was previously mined by
the Van Wyk Luipaard’s Vlei Gold Mining Company, and by Lucas Bros, who had purchased the
ground of the Battery Reef Extension. On Lucas’ portion a shaft is sunk to the 3rd level, a dis
tance of 150 ft. Samples taken over the whole of the development between the 2nd and 3rd
levels, and on a distance of 200 ft. give an average by fire assay of 20 dwt. 1,000 ft. south of the
outcrop of the Battery Reef is No. 2 borehole, which is now sunk to 460 ft., and has not as yet
reached the reef. It is however expected to intersect it at any time.
GENERAL REMARKS.—Fr0m the above results it will be seen that the respects of the Com~
pany are of an encouraging nature. The financial position is a good one, or there is £100,000
of cash in hand, besides the reserve shares.

LANGLAAGTE BLOCK B DEEP LEVEL GOLD MINING COMPANY, LIMITED.

Formed in March, 1889.
CAPITAL—£75,000 in £1 shares fully paid ; all issued.
Directors.
G. Sons (Chairman), G. IMRUI‘H, G. FARRAR, O. Dn'rranmcn, and C. S. Gonmmnn.
Secretary and Ofiice.
H. J. LAMB, Johannesburg Estate Buildings, Johannesburg, Transvaal.
FINANCIAL HIs'mRiL—C’apital Appropriation: To the vendors and underwriters of working
capital, £45,000; working capital subscribed at 168. per share, £30,000; total £75,000. Out of
£30,000, £4,000 was paid to the vendors, leaving £26,000 for working capital. All the working
capital was spent in sinking two boreholes, etc., to strike the reef. £10,000 was also invested in
the Real Estate Syndicate, and a Company was subsequently formed to take over the assets of the
Syndicate. During 1893, 33 deep level claims were bought by the directors for a small sum on
behalf of the Company. Cash was paid for the claims. Financial position (April 1895): The
Company’s cash funds are exhausted (exclusive of the realisable assets in the Real Estate Syndicate),
and it has obtained an advance of £3,444 to meet current expenditure.
Reconstruction : The following proposal for reconstructing the Company was made by Charles
Leonard, q.q., on May 22, 1895 :——To increase the capital from £75,000 to £180,000. Of the increase
of 105,000 shares, 30,000 shares to be applied for the purchase of 13 claims immediately adjoining the
property on its north-west boundary, known as the Transvaal Trust and Estate Block; 50,000
shares to be offered at 203. pro rata to shareholders, which are guaranteed ; 25,000 shares held in
reserve, to be under option at 258. for twelve months to the parties guaranteeing the 50,000 shares
at 203. Total, 105,000 shares. At the meeting called, the representation was not suflicient to
decide upon the adoption of the scheme or otherwise. The meeting was dissolved, and Mr. Leonard’s
client was asked to renew the offer at a subsequent meeting, which, however, was not done.
REAL ESTATE SYNDICATE.—This Syndicate, in which the Company had an interest of £10,000,
has been floated into a Company by the Anglo-French Exploration Company. The Langlaagte
Block B Deep Gold Mining Company receive over 6,500 shares in this Company. The current
price of these shares exceeds the original cost.
PROPER'1‘Y.—Consists of 54 deep level claims, situated immediately south of part of the
Block B Langlaagte Estate Gold Mining Company, and partly adjoining it on the east. (For plan,
see Volume III.) Locality : Three and a half miles west of Johannesburg. The nearest coal siding
is on the Langlaagte Estate about three-quarters of a mile distant.
DEvEmPME.\'T.—~Two boreholes were put down to intersect the Main Reef series. One was
sunk in a. shaft at 130 ft., but was stopped. Another borehole was sunk on the eastern boundary
to a depth of 1,050 ft. The reefs (pyritic) were cut at 336 ft., 420 ft., and 456 ft. Thickness
of reef at these depths: 18 in., 8 ft., and 10 ft., assaying 15 dwt., 7 dwt., and 8 dwt. respectively.
Several thinner banket and quartz reefs were passed through. \Vork is suspended for the present.
184 "'1 T IVA TERSRA ND MINES.

LANGLAAGTE DEEP, LIMITED.

Formed in September, 1895.
CAPITAL—£700,000 in £1 shares ; 650,000 shares issued and fully paid up.
Head Oflice.
Johannesburg, Transvaal.
CAPITAL APPROPRIATION.—
To the vendor (the Rand Mines, Limited) 600,000 shares.
Subscribed by the vendor, at £3 50,000 ,,
Held in reserve 100,000 ,,

The working capital provided by the first issue is therefore £150,000.

PROPERTY.—187 claims on the farm Langlaagte, \Vitwatersrand. The property is bounded on
the north by the Langlaagte Royal (outcrop block) and the Langlaagte Estate; on the east by the
Crown Deep and the South Rand’s northern block ; and on the west by the Pearl Central and the
Langlaagte Royal (deep level block).
GENERAL REMARKS.-—The Rand Mines, Limited, being the vendor of the property and the
subscriber of the working capital, owns all of the issued shares. Two shafts are being put down.
These had reached depths of 350 ft. and 520 ft. at the beginning of September, 1895, and sinking
was proceeding at the rate of about 70 ft. per month. Crushing, it is anticipated, will start at the
end of 1897. The estimated amount of expenditure on the property is £350,000.

LANGLAAGTE ESTATE AND GOLD MINING COMPANY, LIMITED.

Formed in 1888.
CAPITAL—£500,000 in £1 shares ; 470,000 shares issued and fully paid up.
Directors.
J. B. Ronmsox (Chairman), J. W. S. LANGERMAN (Vice-chairman), MAURICE MARCUS,
JAs. FERGUSON, and R. LILIENFELD.
London Agents.
SIMON MARCUS and JOHN H. BU'I'I‘.
Manager. Mechanical Engineer.
WILLIAM NASS. JOHN MCDONALD.
Bankers. Solicitor.
.STANDARD BANK or SOUTH AFRICA, LIMITED. CHARLES H. B. LEONARD.
Secretary and Head Ofice.
F. S. TUDHOPE, Langlaagte Restante, P.O. Box 98, Johannesburg.
Local Transfer Ofil'ce and Secretary.
J. H. TILEY, Robinson’s Buildings, Johannesburg.
London Secretary and Oflz‘ce.
J. ROBERTSON, 8, Princes Street, E0.
CAPITAL CHANGES.—-Th8 original capital was £450,000, and it was raised in April, 1893, to
£500,000. Of the 50,000 new shares 20,000 were issued at £4 per share, guaranteed by. Mr. J. B.
Robinson at that price; this still left 3,000 of the old reserve shares which were sold In 1894 at
£5 per share, giving altogether an amount of £72,000 standing at credit of share-premium account,
December 31, 1894. Previous sales of reserve shares had taken place at considerable amounts
of premium, but these were not credited to a separate account and were absorbed by profit and
loss account.
 _ 1' 1 I
' _'-'*-..'. ~/'
WITWA TERSRAND MINES. 185

Appropriation of Capital and Total ll'orking Capital supplied.

£ s. d.
Vendors, 400,000 shares; subscribed at par, 30,000 30,000 0 0
20,000 reserve shares ; 2,000 were realised in 1888, at £6 per share 12,000 0 0
For the remaining 18,000, £126,000 were then ofl‘ered and declined; in April, 1889,
15,000 of the reserve shares were sold at £5 28. 6d., realising 76,362 10 0
New issue 20,000 shares sold at £4, realising 80,000 0 0
Balance of 3,000 old reserve shares, sold at £5 15,000 0 0
Total capital supplied £213,362 10 0

Total amount of pre'mium realised on shares £143,362 10 0

ACCOUNTS AND FINANCE—Th6 accounts are made up annually to December 31, and sub
mitted in April or May after.

Extracts from balance-sheet, expenditure and revenue account, and profit and loss account, as
at December 31, 1894 :—

Liabilities. £ 8. d. Assets. £ a. d.
To Capital account 470,(X)0 0 0 By Property account 366,000 0 0
,, Standard Bank— ,, Buildings . 18,000 0 0
Advances on gold 79,870 0 0 ,, Machinery and plant 88,000 0 0
,, Sunday creditors 10,565 8 3 ,, 160 stamp mill 69,000 0 0
,, \Vages due 2,389 15 0 ,, Cyanide works 39,000 0 0
,, Mine contractors 479 4 1 ,, Furniture and safes... 500 0 0
,, Bills payable... 2,172 6 O ,, Live-stock and vehicles 600 0 0
,, Unclaimed dividends 314 6 6 ,, Mine development 16,700 0 0
,, Dividend account— ,, Permanent works 3,000 0 0
No. 16 declared December ,, Stores 7,487 13 11
31, 1894 47,000 0 0 ,, Stationery, etc. 1,831 18 10
,, Share premium account 72,000 0 0 ,, Cash 44,113 6 8
,, Profit and loss account— ,, Gold in transit 95,334 6 3
Balance 129,659 16 11 ,, Share account 63,500 0 0
,, Insurances (unexpired) 623 16 4
,, Sundry debtors 759 14 9

£814,450 16 9 £814,450 16 9

Expenditure and Revenue Statement for 12 months ended December 31, 1894.

Dr. £ a. d. Cr. £ a. d.
To Mining expenses 138,685 3 7 ’ By Bullion—
,, Tramming ,, 3,627 9 5 ,, 85,224'11 oz. gold from mill 305,891 0 3
,, Reduction ,, 40,284 18 0 ' ,, 47,129'97 ,, ,, tailings 133,860 8 3
,, Tailings treatment 60,102 7 9 i ,, 12,491'54 ,, ,, concen
,, Concentrates treatment 5,213 7 8 - trates 36,552 18 3
,, General expenses 18,394 14 9 I ——————
,, Balance profit for 1894 219,373 2 6| £476,304 6 9
,, Block B, preferent dividend 216 0 0
i ,, Claims revenue 1,454 3 10
, ,, Rents, losses, and general
revenue 7,706 13 1
£485,681 3 8 ( £485,681 3 8
186 WITWA TERSRA ND MINES.

Profit and Loss Accounts for 12 months ended December 31, 1894.
Dr. £ 8. d. C'r. £ s. d.
To Live-stock accounts 29 10 0 By balance at December 31, 1894 119,213 6 4
,, Mine development, 50 per - ,, Less short-fall on estimate of
cent. written off 16,764 16 5 gold in transit at December
,, Depreciation 28,888 14 0 31, 1893 1,743 11 6
,, Dividend account— -———_
No. 13, 121; per cent., at 117,469 14 10
March 31, 1894 58,750 0 0 ,, Our proportion of flotation of
No. 14, 12% per cent., at the Langlaagte Star Gold
June 30, 1894 58,750 0 0 Mining Company 50,000 0 O
No. 15, 10 per cent., at Sep- ,, Profit for 12 months to De
tember 30, 1894 47,000 0 0 cember 31, 1894, as per
No. 16, 10 per cent., at De- expenditure revenue account 219,373 2 6
cember 31, 1894 47,000 0 0
,, Balance carried forward 129,659 16 11

£386,842 17 4 £386,842 17 4
Recapifulation. £ 8. d.
To profit for 12 months to December 31, 1894, as per expenditure and
revenue account 219,373 2 6
,, Proportion of flotation of the Langlaagte Star Gold Mining Company 50,000 0 0
Total profit £269,373 2 6
Less amounts written off, as above 45,683 0 5
Balance, being net profit for the period £223,690 2 1
Less dividends declared during the year 211,500 0 0
Balance left over from the year’s profits £12,190 2 1
Financial Position.
Balance, as at December 31, 1893 117,469 14 10
Profit for 1894... 269,373 0 0
£386,842 14 10
Amounts written off 45,683 0 5
Dividend, at the rate of 45 per cent., for the year 211,500 0 0
——-—— 257,183 0 5
Balance carried forward to next year’s accounts .. _5
At the end of September, 1895, the Company had about £200,000 of cash in hand. This
amount is exclusive of dividend money that has been accruing since June 30, 1895. Besides this
amount in cash, the Langlaagte Estate and Gold Mining Company, Limited, is the holder of
235,000 shares in the Langlaagte Exploration and Building Company, Limited. The Company has
received a cash offer for these shares of £500,000, but this has been declined by the directors.
REVENUE AND Psorrrs—The Company derives revenue from the estate as well as from mining
operations. The revenue from the estate consists of claim licenses, ground rents and leases, and
general revenue. A portion of the estate, Block B, was in January, 1889, formed into a separate
Company, called the Block B Langlaagte Estate Gold Mining Company, Limited, with a capital of
£550,000, of which £450,000 in £1 shares went to this Company in payment of the property. The
capital of this Company being £450,000 at that time, this return represented 100 per cent. in face
value. When this subsidiary Company was formed, the issued capital amounted to £432,000 only,
consequently 1,800 shares of the new Company remained over and above the 100 per cent. distribu
tion, and these shares are still held by the Company. In addition to these the Company acquired,
in 1892, 2,700 of the newly issued preferent shares of the Block B Company, which returned a
dividend of 8 per cent., amounting to £216 per annum, for the years 1893 and 1894. In 1889 the
Company received £3,000 in cash and 3,000 fully paid up shares in the Star Gold Mining Company
for the mining rights per lease of mynpacht to that Company. At the same time another portion
of mynpacht and 28 claims were let to the Western Langlaagte Company, which brought in a
revenue of £604 per annum for the 28 claims, and £150 per annum for the mynpacht. For the
lease the Company received 2,500 of the Western Langlaagte Company’s shares. During 1890,
£1,000 accrued to the Company, being a deposit made by the Croesus Company. In 1893 the Com
pany sold the freehold of the Crown Reef mynpacht to that Company for £25,000, which amount
was credited to property account. In 1894 reconstruction of the Star Gold Mining Company as
 WIT WA TERSRA ND MINES. 187
the Langlaagte Star Gold Mining Company took place, and this Company received 50,000 fully
paid up shares in the total nominal capital of the new Company, amounting to £200,000, of which
£100,000 forms the working capital subscribed at par. These shares were given in consideration
of the lease of the remaining portion of the mynpacht on lot A, consisting of about 27 claims, for
which, besides, a nominal rental is being received. They have recently been sold for £150,000.
Statement of revenue and profit derived from mining operations and the estate since formation
of the Company :—
Special _ _
Period. i Revenuefmm Revenuefmm Zilini‘xiii‘ Simlairiiiei‘ififfg Profits.
gold account. leases, rents, etc. mining leases’ 1mm’ em ,
etc.
Year ended £ a. d f. 0 aid. 5.‘. a.’ £ a. d. f. a d.

Dec. 31,1888 36,603 19 5 2,232 13 2 — ' —— 21,355 17 10

31,1329 222,329 1 1 3,054 14 s o 0 23,500 0 0 179,691 5 2
,, 31, 1890 201,355 8 7 5,64313 5 1,(XX) 0 0% >. -— 58,197 10 3
,, 31,1891 192,471 19 9 9,57517 s - 3: 10000 0 o 52,63815 4
91,1992 311,649 3 2 6,402 3 9 _ ,e 1—_ 119,224 0 0
,, 31,1999 391,155 4 2 4,22212 3 ~ :39 13,500 0 0 124,94215 9
,, 31,1894 n.‘ 476,304 6 9 8,3761611 —— I ,(XI) 0 0 223,690 2 1

Total 775-5915) ‘£1,801,869 2 5 £39,509 11 10 £4,000 o 0] £63,500 0 oi £779,740 9 5

In 1890 extraordinary depreciation was written off plant and machinery, amounting to £36,136
143. 3d. ; and in 1891, £12,000 on shares, £9,870 109. on ore at grass, and estate expenses (extra
ordinary), £1,693 19s. 4d. Otherwise the profit shown in the first instance would have been
£94,334 43. 6d., and in the second instance £76,203 49. 8d.
Recapitulation. £ 9. d.
To revenue from gold up to December 31, 1894 1,801,869 2 5
,, ,, lease, rents, etc.... . 39,508 11 10
,, ,, cash from mining leases, etc. 4,(X)0 0 0
,, ,, in shares as at December 31, 1894 63,500 0 0
Total revenue for 7 years £1,908,877 14 3
Drvnmxns Dscmnnn— £ 9. 71.
During 1889, 29 per cent. on £447,000= 129,530 0 0
,, 1890, 15 - ,, ,, 447,000= 67,050 0 0
,, 1891, 10 ,, ,, 447,000: 44,700 0 0
,, 1892, 20 ,, ,, 447,000: 89,400 0 0
,, 1893, 30 ,, ,, 467,(DO= 140,100 0 0
,, 1894, 45 ,, ,, 470,000=211,500 0 0
June, 1895, 25 ,, ,, 470,000= 117,500 0 0
£799,780 0 0
Bonus in 1889, 432,000 Block B Langlaagte Gold
Mining Company’s shares of £1 each, distributed to 432 000 O 0
shareholders, share for share on the issued shares of ’
this Company
Total amount distributed £1,231,780 O 0
PRODUCTION AND Cost—The Company at first possessed a small 10-stamp battery of very
limited capacity. A 60-stamp mill, however, started crushing in March, 1889, while at the end of
1889 it was decided to erect a new 120—stamp mill, which was completed and started in March,
1892. The old GO-stamp mill was then stop and taken down for removal with a view to add it
to the new mill. This was completed in Ooto r, 1893, and since then the 160 stamps have been
running. During 1892 the treatment of the tailings was commenced, and was attended by such
success that a plant capable of treating 20,000 tons per month was at once decided upon, and was
started in October, 1893: the old works continuing to treat the accumulated tailings at the rate
of between 10,000 and 12,000 tons per month, bringing the total amount treated to about 30,000
tons per month. Besides the tailings the concentrates are treated by cyanide. The accumulated
tailings having gradually decreased, the total average tonnage treated at the end of 1894 amounted
to about 20,000 tons per month.
188 WI T WA TERSRA ND MINES.

Detail of production :—
AH11..
Period. I No. of stamps. Tons crushed. I Total yield. Yield per ton.

I I 02. dwt. gr.

Year ended December 31, 1888 10 I
,, ,, 31, 1889 I 10—60 53,089 I‘ 59,535'5 22'42
,, ,, 31, 1890 60—70 69,819 ' 56,750 1627
,, ,, 31, 1891 60 71,089 ‘ 51,462 14'47
,, ,, 31, 1892 60—120 197,201 l 68,942'86 6'99
,, ,, 31, 1893 120—160 224,065 65,812 5 20'98
,, ,, 31, 1894 I 160 259,016 86,660 6 16'59
Concentrates.

Period. Tons treated. I Total yield. , Yield perton.

02. oz. dwt. gr.

Year ended December 31, 1892 2,317'28
,, 31, 1893 2,254 , 9,050'54 4 0 7'35
,, ,, 31, 1894 4,407 i 12,491'50 2 16 16'54

‘ Taili-ngs.

Period. Tons treated. I Total yield. Yield per ton.

‘ oz. dwt.
Year ended December 31, 1892 .. l 166,86'13
31 1893 I New works, 39,960 I 7,034'04 3'52
” ” ’ l Old works, 127,399 23,019'22 3'61
31 1894 Old works, 89,890 11,803'70 2'62
” ” ’ New works, 193,360 35,326'27 3'65

Tables showing working cost of Reduction and Re-treatment works for the year ended
December 31, 1894.

Time run. ~ i
Month B.
5 ::. T0115 __ .i _ Tons
Stan,per Gold
recovered .
\Gmld 1"‘0- I , - -
311111111;
g E crushed. I DmS'I hm. min. I Per d3}. per ton. I dlwed. Cost per ton.
I ' l
dwt. gr. or. a. d.
January 160 22,447 29 13 l 30 4'75 5 890 I 6,028 2 2'25
February ,, 19,553 27 2 0 4'51 6 4'54 I 6,051 2 508
March ,, 21,037 30 2 0 4'37 6 1'78 I 6,389 2 28)
April ,, 21,245 29 I 2 15 4'55 6 2102 I 7,302 2 2'97
May ,, 22,537 30 I 6 0 4'66 6 18'10 I 7,611 2 2'45
June ,, 23,508 30 5 6 I 30 4'85 5 2299 7,003 2 3'84
July ,, 23,353 29 I 9 0 4'97 5 1251 l 6,447 2 2'42
August ,, 21,993 30 I 10 0 4'52 6 1298 I 7,193 2 6'05
September ,, 20,443 29 ' 4 l 0 4-38 8 23-79 8,424 2 7-45
October ,, 21,405 30 I 9 I 30 4'40 7 21'26 ! 8,440 2 6'93
November ,, 20,342 29 I 4 0 4'36 I 7 2089 1 8,005 I 2 8'87
December ,, 21,153 30 I 9 30 4'35 I 7 825 l 7,767 2 5'70
,.__,, ,
Totals I
;I WW“;
I
_Ar
and 160 259,016 355 ‘ 6 I 15 4'56 6 16'59 86,660 2 4'67
averages. l I I I
 WIT WA TERSRAND MINES. 189

The average cost per ton is 23. 4'67d., which is very low. For the previous year (1893) the
cost was 28. 3'06d. {or three months when running 160 stamps, and 2s. 7'97d. for nine months when
running 120 stamps, this showing a saving of 49111. per ton with the increased number of stamps ;
the slight increase in the cost for 1894 is explained by the greater hardness of the rock obtained
from greater depth.

The total expenses of mining and milling are as follows :—

Total. Per ton
£ a. (l. s. 1!.
Mining expenses 92,747 18 3 7 1'94
Hauling and pumping 12,968 6 4 1 0'02
Tramming and transport 3,627 9‘ 5 0 3'36
Milling 30,940 0 3 2 4'67
Frue vanners 4,868 8 2 0 4'51
Pumping . .. ... ... 4,476 9 7 O 4'15
General expenses 18,394 14 9 1 5'04

£168,023 6 9 12 1169

Concentrators.—Since March, 1894, 50 additional frue vanners were erected, which brings the
total number to 98, being 3 vanners for each battery of 5 stamps and 2 extra vanners, by which
means the following quantity of concentrates were collected monthly, and treated by the cyanide
process.

Table showing cost of Treatment and Profit on Concentrates for 12 months

ended December 31, 1894.

Month. Tons treated. I inc?$§n!;:_;;:it)_. Recovery- Profit.

' £ a. d. 0. £ a. d.
January 340 ' 0 19 9'88 1,011'31 2,717 4 7
February 340 , 0 18 11'51 975'09 2,829 15 7
March 405 | 0 17 5'98 i 1,009'00 2,697 1 3
April 425 l 0 17 11'?!) 1,0050) 2,764 16 5
May 360 1 1 2 309 1,184'00 3,099 2 1
June 405 1 5 8'05 1,356'00 3,547 0 5
July 360 l 1 2 10-57 1,274-93 - 3,285 10 8
August 360 0 17 3'47 1,037'31 2,7 14 1
September 360 1 6 3'58 950'71 2,179 6 9
October 350 0 15 0'22 870'69 2,025 5 6
November 382 1 17 10'86 895'53 I 1,676 0 6
December 320 2 4 1'77 921'93 1,763 12 9

4,407 1 3 7'27 12,491'50 : 31,33910 7

Profit for 12 months, £31,339 108. 7d.

The average consumption of cyanide per ton of concentrates treated was 6795 lbs. and of zinc
2947 lbs. An additional leaching vat of 90 tons capacity for the treatment of concentrates is in
course of construction, which makes three vats for this work.
190 IVITW’A TERSRAND MINES.

Table showing Treatment of Tailings at Old Works.

{ 1
Month. i Tons treated. ingfilinpgeiégg'ky. Recovery. E Profit.

4 _ 4 __ 1___ i_, i _,__, _,

‘ £ 0. d. 073. £ a. d.
January 11,000 0 3 9'13 1,829'90 3,509 4 7
February 10,120 0 3 8'41 1,4-49'69 2,550 12 0
March - ---‘ 11,880 0 3 9'29 1,648'50 2,816 1 5
April .. ...‘ 10,120 0 3 9'05 1,2Ui'60 1,615 14 6
May 9,240 0 4 5'95 849'27 282 17 6
June 7,920 0 4 6'43 713'17 145 16 5
July 6,600 0 5 8'80 783'85 155 9 2
August 3,910 0 7 9'17 544'36 5 4 7
September ...1 6,160 0 5 1'21 77547 637 4 9
October "-1 5,160 0 5 7'54 1,050'20 1,239 5 3
November 2,500 0 7 10'44 425'38 121 2 4
December 5,280 O 4 9'79 526'31 96 19 3

‘ 89,890 0 4 7'12 11,803'70 13,175 11 9

Total profit for 12 months, £13,175 11s. 9d.

Table showing Treatment of Tailings at New Works.

Month. Tons treated. incglgsthgiotgg'lty Yield. Profit.

1
£ a. d. 025. £ a. d.
January 17,600 0 3 11'44 3,234'27 6,376 18 7
February 18,920 0 3 11'06 3,553'02 7,144 3 7
March 21,120 0 3 6'37 3,747'49 7,764 15 8
April 16,280 0 4 0'20 3,488'47 6,885 11 6
May . ...,' 14,080 0 4 4'93 2,760'73 4,566 12 0
June ..., 15,400 0 4 154 3,013'02 5,025 15 3
July 14,520 0 0 3'89 2,707'44 3,940 8 2
August . .5 15,840 0 3 8'67 2,578'34 4,287 17 0
September 14,720 0 3 10'25 2,428'48 4,078 9 9
October 15,400 0 4 2'54 2,742'13 4,145 2 5
November ...' 14,960 0 4 7'65 2,556'70 3,172 3 3
December 14,520 0 4 7'33 2,516'18 3,194 11 7
|

193,360 0 4 0'97 35,326'27 60,582 8 9

Total profit for 12 months, £60,582 8.9. 9d.

Total profit for 12 months from tailings and concentrates, £105,097 118. 1d.

The consumption of cyanide for both old and new works per ton of tailings treated was
0'74] 15s.; and the consumption of zinc for both old and new works per ton of tailings was 0222 lbs.
191

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192
 WITIVA TERSRA ND MINES. 193

Recap-itulation. £ a. d.
Profit realised by mill 104,898 14 6
,, ,, ,, re-treatment works 105,097 11 1

209,996 5 7
General revenue 9,376 16 11

Total profit £219,373 2 6

£ s. d.
Milling expenditure 200,992 5 9
Re~treatment expenditure 65,315 15 5

266,308 1 2
Depreciation, etc. 45,683 0 5
Total cost £311,991 1 7

The profit so realized represents 70 per cent. on the cost.

Drscmr'rron or THE PROPERTY.—The Company’s property consists of several portions of the

farm Langlaagte, situated about 2 miles west of Johannesburg. Of these portions lot A and Lang
laagte Restante are still the freehold property of the Company, while lot B was floated into the
subsidiary Company known as “Block B” Langlaagte Estate Gold Mining Company. Further, the
portion formerly under lease to the Crown Reef Company was sold to that Company for £25,000,
being 50 morgen of lot A. The Company also owns the freehold farm Middelfontein, adjoin
ing Langlaagte to the north. The mynpacht of the Company is 100 morgen in extent, and is
situated on the Main Reef series between the Crown Reef and the Paarl Central properties; the
actual rlnining area comprises about 80 claims, disposed as follows by the triangular shape of the
in ynpac t. (1) Main Beef. (2) South Reef.
Claims on outcrop .. 25-01 2 3 ' 70
,, ,, 1st dip 20'72 19'23
,, ,, 2nd ,, 15'37 13'31
,, ,, 3nd ,, 10'06 8'70
,_, ,, 4th ,, 6'30 4'93
,, ,, 5th ,, 2'43 1'26
:1 1) 6th 0 0'03

79-92 7113

or say about 80 claims; the extreme length along the strike of reef is 4,100 ft. or about 27 claims
in width, the dip being from nothing at the western boundary to about 2,500 ft. at the eastern
boundary. The Company has a splendid supply of water, several large dams having been con
structed for the conservation of the water. On lot A there is a homestead and lands, which have
been leased. There is a township (Belgravia) of 1,700 stands laid out on the estate. Plantations
have been laid out as well, and a great number of trees planted, which are also thriving well and
are already being partly used for mining purposes. The farm Middelfontein contains several out
crops of reefs. (For plan of property, see Volume III.)
SALE OF EsTATE.—In September, 1895, the Company sold its private lands on Langlaagte,
including the Belgravia township, together with the mineral rights over the farm Middelfontein, to
the Langlaagte Exploration and Building Company. Out of the capital of £500,0(X), this Company
receives 235,000 shares for the assets handed over, the Block “B” Company receives 125,000 for
other assets, and the remaining shares give £270,000 of working capital. It is intended to sell the
leases of the Belgravia stands, to build largely, and to prospect the farm Middelfontein.
Mnvmo Is'ranuesncn (to June, 1895).——The ore is at present mined from three shafts; viz.,
Vernon shaft, sunk to a vertical depth of 478 ft.; Robinson shaft, ditto 544 ft.; Marcus shaft,
ditto 418 ft.; and from 16,896 ft. of drives and rises. The quantity of ore actually developed was
on January 1, 1895, 812,000 tons; and as the ore developed exceeds the ore milled by some
10,000 tons monthly, the amount developed to date should reach 872,000 tons. Main Reef: The
Main Reef varies greatly in thickness; it averages 10 ft. throughout. It is separated from the
South Reef by a distance of 135 ft. South Reef: The South Reef averages in thickness 6 ft.
VOL. I. 0
‘€F'fi\"__l_yv_;.~7‘
(" n ,
UNI v =
194 WITWA TERSRA ND MINES.

Crushing : The Company crushes both reefs in the proportion of 60 per cent. Main Reef, and 40
per cent. South Reef. Production: For January, February, March, April, and May, 1895 :—
Mill crushed 99,314 tons, producing 40,483 oz. of gold.
Cyanide treated 88,880 ,, ,, 13,833 ,, ,,
Concentrates treated 2,524 ,, ,, 7,547 ,, ,,

Total production 61,863 ,, ,,

The mine development during the year 1894 included a total footage of drives, rises and
sinking of 16,233 ft. The ore reserves on December 31, 1894, amounted, as before specified, to a
total of 812,000 tons, or fully 3 years ahead of mill requirements; the increase during the year
being over 400,000 tons (812,000 tons against 395,000 tons on December 31, 1893). The Main
and South Reef average together a thickness of about 16 ft., the whole of which is being milled.
The average total yield of the ore is 12 dwt., and the quality of reef of a. very uniform character.
EQUIPMENT.—Vcrnon Shaft: This shaft is sunk on the eastern part of the fproperty, size 12
by 5 ft., fitted with iron head-gear, 2 cage-ways, 1 pump- and ladder-way. It is tted with safety
cages and safety hook. Pump: 9-in. Cornish pump driven by one 25 horse-power horizontal,
geared Tangye pumping engine. Hauling: Hauling is performed by one 50 horse-power, geared
Tangye engine. Compressor: 1 Rand Drill Company, 18x36 in., of 20 drills capacity, driven
by pair of Robey 16x36 in. engines, fitted with patent cut-ofi' gear. Boilers: 2 Babcock &
Wilcox boilers, 106 horse-power each; 2 Fraser and Chalmers multitubulars, 60 horse-power; 2
feed pumps and 1 circulating pump. Robinson Shaft: The shaft is sunk on the central portion of
the property. It is fitted with steel head-gear 35 ft. high, safety cages and safety hooks, size 12 x 5
ft. Pump: 9-in. Cornish pump, driven by one 16 horse-power horizontal geared Tangye engine.
Hauling : 25 horse- wer Fowler 8:, Co. horizontal geared 11!; by 24 winding engine. Compres
sor: 1 Band Drill compressing engine, 35 drills capacity, air cylinders 24x48 in., driven
by 1 Fraser & Chalmers engine, 24x48. Steam cylinders 450 horse-power, and 1 circulating
pump. Boilers: Three 80 horse-power Fraser & Chalmers multitubular externally fired boilers,
one 90 horse-power by T. Birch same type, 2-feed pump. Marcus Shafl .' This shaft is sunk on the
western part of the property, 12 x 5 ft., fitted with one 35-ft. steel head-gear, safety cages, and
safety hooks. Pump : 9-in. Cornish pum ,driven by one 14 horse-power coupled horizontal Tangye
engine. Hauling: 20 horse-power gea Robey winding engine, 2 Knowles pumps and feed-water
heater. Boilers : One 25 horse-power Robey locomotive boiler, one 16 horse-power Robey locomotive
boiler. Pumping station No. 1 : The water is obtained from the Company’s dam, 3,000 ft. from
the mill. Delivery 12-in. pump. Double acting geared ram, 16 x 24, of a capacity of 75,000 gals.
per hour. Driven by one 18 x42 in. Corliss compound condensing engine. Boilers: 1 Baboock
& Wilcox, 106 horse-power; 2 Fraser & Chalmers, 60 horse-power. Pumping station No. 2 : There
is another pumping station as duplicate in case of accident, fitted with one 12-in. geared double
acting Tangye pump, one 7 x 18 in. Rand pump, driven by one 16 horse-power compound Robey
engine, steamed by 2 Marshall's locomotive boilers of 25 horse-power each. This pump uses the
same delivery pipe as No. 1 pumping station. The water is conveyed to a series of elevated reser
voirs erected behind the battery, the water reaching the mortar boxes by gravitation. Crushers’
station is erected immediately below Robinson shaft, the quartz being trammed to it. It includes
three No. 6 Gates crushers, driven by two Mather & Platt electric motors, the current being
obtained from special dynamos driven at the mill by the battery engine. From the crushers the
ore is delivered into the mill’s ore bins by mechanical chain haulage.
Mill: The mill consists of 160 Fraser & Chalmers 950-lb. stamps, fitted with very large ore
bins and Challenge ore feeders. The stamps are arranged in two rows of 60 stamps each, placed back
to back. From the plates the pulp runs over 98 frue vanners, 0r 3 vanners for every five stamps.
The mill is driven by one 500 horse-power Fraser & Chalmers compound engine, fitted with rope
belting, and steamed by 8 multitubular boilers by the same makers. The mill engine-house also
contains 4 Knowles pumps, and a small Tangye engine as auxiliary for driving dynamos. Hectric
power and light: The mill en 'ne also drives 4 Mather & Platt large dynamos to supply power to
the electric motors of the crus ers’ house and light underground, and 4 Kapp dynamos to supply
light to all surface works.
Cyanide Works : From the mill the tailings are run into 4 settling pits, and taken from there
to the works by mechanical haulage, driven from the works by one 16 horse-power geared compound
engine 16 and 34x 24 by T. Birch & Co. The tailings are raised by this haulage plant on an
overhead line of rails above the tanks and discharged into 15 leaching vats 40 x 10 ft. con
structed of bricks and cement, with a foundation of blue stone covered with cocoanut matting.
Capacity, 500 tons. The to of the vats is on a level with the ground of the works, and the dis
charging of the vats is done 5y 6 travelling steam cranes, which lower the body of the trucks in the
 IVITWATERSRAND MINES. 195

‘vats, and replace them on their carriage when full. Twenty boys empty one vat in 10 hours. The
treated tailings are taken to dump from the works by mechanical haulage. At the same building
is also erected a second haulage engine, to raise the old tailings to the cyanide works. It consists
of 1 Ransomes & Jeti'eries winding engine and boiler. The tailings of the dam are now nearly
exhausted, and this plant will be kept to deal with the remaining slimes, which the Company
intends to treat at no distant date. The cyanide plant has a capacity of 17,000 tons monthly.
From the vats the gold-laden solution is run by a series of pipes to the solution and extraction
house. It contains 3 solution vats 42 x 10 ft., built also of bricks and cement, and 5 extraction
boxes. The solutions are pumped to the leaching vats by 2 centrifugal 6-in. pumps driven by 1
Mather & Platt electrical motor, the current being derived from the dynamos at the mill engine.
‘This motor also drives 6 zinc lathes, and outside of the building a small 3-stamp mill for the
treatment of slags.
Concentrates : The concentrates from the true vanners are treated in a separate department.
‘The plant consists of 3 brick and cement vats 35x3 ft., where the concentrates are submitted
to a 13 days’ treatment by cyanide of potassium. 500 tons are treated monthly; for returns see
“ Production.” The solution and extraction house consist of 7 boxes, 2 of which are used for the
extraction of the gold from old tailings ; 3 solution tanks. The solutions are pumped to the leach
ing vats by means of one 4-in. centrifugal pump driven by an electrical motor, the current being
obtained from the dynamos of the mill engine.
Smelting .' Close to the extraction house are erected in a special building 3 calciners’ furnaces,
where the slimes. and zinc are roasted, then ground and smelted with the necessary fluxes. The
.slags are crushed in a small 3-stamp mill, above mentioned, and submitted to a special treatment.
Assay Ofiices .' The ore from the mine, tailings and concentrates are daily assayed before and
{after treatment. All the gold of the respective departments is also brought to this ofiice, which
‘is complete with every kind of improvements, very large retorting and smelting plant, etc. The
black sands which accumulate on the plates, instead of being Washed away in the tailings, are care—
.fully collected and treated separately in the assay ofiice. From this source alone a large quantity
of gold is monthly obtained.
Workshops—Iron smelting: Iron castings are done on the property. The plant consists of 1
-cupola furnace fitted with Roots blowers, also brass-casting furnace and appliances. The plant in
cludes also 2 rolling machines, one being fitted to transform the short and disused machine drills
into {,- hand drills. Smith shop: Contains 14 forge fires fitted with blowers, 2 Bradbury drill
.-sharpeners, one 1,200~lb. steam hammer, one 8001b. ditto. Fitters‘: Power is derived from one
16 horse-power double cylinder horizontal engine and boiler by Fowler & Co. This engine also
supplies power for the smiths’ and carpenters’ shop. The plant consists of 3 drilling machines, one
v20-ft. lathe, 3 smaller ditto, 3 planing machines, 1 pipe screwing ditto, 1 emery wheel. Carpen
zters’ .' One 36-in. circular saw, one 24-in. ditto, 1 band saw.
GENERAL Remnants—This Company is one of the chief producers among Witwatersrand
mines. According to the reefs, as at present exposed, it has been estimated by those largely
identified with the Company that there would be in the unworked ground of the Company, within
‘its mynpacht area, some 6,000,000 tons of ore, which at the average of 12 dwt. per ton would have
a total value of over £12,500,000; and estimating an annual consumption of ore at 240,(X)0 tons, it
is found that the mine would have a life of 25 years before it. Comparing the lowest level recently
.opened with the upper ones, it is found that the reefs have a tendency to increase in width and
value as greater depth is attained.
at s. d.
.For the period since the Company has been in active working until the end of
1894, there has been spent upon buildings, permanent works, machinery,
and plant 510,0(X) 0 0
Less original working capital £30,000 0 0
,” proceeds of sale of 23,000 reserve and new issue shares 183,875 0 O
-—-— 213,875
296,125 0 0
And returned to shareholders by way of cash dividends, 149
per cent. 682,380 0 0
.Share bonus (face value), 100 per cent. 432,000 0 0
1,114,380 0 0
£1,410,505 0
Or three times the capital of the Company.
196 W] TWA TERSRA ND MINES.
The capital of the Company (£470,000) is represented by the following assets :—

£ 8. 0:79
6
6,000,000 tons of ore in the mine, yielding 12 dwt. per ton actual extraction 12,600,000 0
Less cost of extraction, say, 6% dwt. . 6,750,000 0
Balance ... 5,850,000 0

Buildings, permanent works, machinery and plant, furniture, stationery, etc.,

etc. (original cost, £510,000) .. 245,000 0 0
Cash, shares, and sundries (after deducting all current liabilities and providing
for December 31 dividend) 120,000 0 0
Township adjoining Johannesburg, comprising 2,700 stands, at a low estimate
of £20 each 54,000 0 0
Various water-rights, homestead, plantations, etc. 50,000 0 0
The freehold of unoccupied portion of the estate, say 2,500 acres at £10 per acre 25,000 0 0
Stand licenses for 25 years of township adjoining Johannesburg, 2,700 stands
at 108.1)61' month .. 405,000 0 0
Claim licenses and lease rents for 25 years of the estate, at £4,800 per annum 120,000 0 0

Grand total £6,869,000 0 0

The Company’s working costs per ton are exceptionally low, this fact being partly due to the
large scale on which the property is being worked and the large ore bodies treated.

LANGLAAGTE ROYAL GOLD MINING COMPANY, LIMITED.

Formed in 1889.
CAPITAL—£180,000 in £1 shares ; all issued and fully paid up.
Directors.
B. I. Baasaro, M.L.A. (Chairman), J. P. O’REILLY (Vice-Chairman), S. B. JOEL, E. Baavsnaw,
and J. TUDHOPE.
Secretaries and Head Oflice.
Johannesburg Consolidated Investment Company, Limited, Johannesburg, Transvaal.
London Agents and Oflice.
Johannesburg Consolidated Investment Company, Limited, 7, Lothbury, E.C.
CAPITAL Gunman—The original capital of the Company was £225,000, of which £30,000 formed
the working capital. On July 31, 1890, the capital was reduced to £60,000, 45,000 of the new
7shares being given to the old shareholders, or 1 new share for 5 old ones, and 15,000 shares held in
reserve. 5,000 of these were subsequently issued at 223. 6d. in order to wipe off the small debt of
the Company, and in April, 1892, the balance of 10,000 shares was realized at par, giving a
further £10,000 of working capital. In 1893 the capital was again increased to £150,000, by the
creation of 90,000 new shares, which were appropriated as follows : 40,000 fully paid up shares for
‘the purchase of 34 deep-level claims; issued to shareholders at par 40,000 shares (plus £252
premium) ; and 10,000 held in reserve for the time being. In 1894 these reserve shares were dis
posed of at 40s. per share, giving £20,000. At the beginning of 1895 the capital was again
increased by the creation of 30,000 new shares, making the total £180,000. The 30,000 new
shares were soId in a favourable market at 873. 6d. per share, giving fresh capital to the extent
of £131,250. Total amount of capital supplied since inception of the Company, £237,127.
ACCOUNTS AND FINANCE—Accounts were made up annually to November 30. The last
accounts to hand, however, are dated December 31, 1894. At the end of 1894, the current liabilities
amounted to £76,412 16.9. 6d., including advances by the Johannesburg Consolidated Investment
Company, amounting to £58,893 ls. 5d. These were principally for new machinery and plant,
and were wiped off early in 1895, when the new issue of shares had been sold.
 WI T WA TERSRA ND MINES. 197
Balance-sheet and profit and loss account as at December 31, 1894.
Balance-sheet.
Liabilities. £ 8. d. Assets. £ 8. d.
To Capital account 150,000 0 0 By Mine property 78,77011 5
,, Wages due 2,056 17 3 ,, Permanent works 22,642 1 8
,, Sundry creditorsw ,, Excess development 26,(X)3 3 0
Trade account 13,291 6 9 ,, Smelting house 2,109 16 1
Due on machinery 4,228 8 4 , ,, Mine buildings 22,260 8 9
Johannesburg Consolidated ’ ,, Battery plant 56,286 19 8
Investment Company 58,893 1 5 3 ,, Battery buildings 8,654 16 1
,, Unclaimed dividends 30 13 0 , ,, Mine plant 25,382 4 4
,, Balance—profit and loss 47,797 11 3 ,, Cyanide plant and buildings 17,511 16 10
,, Machinery in transit 2,672 6 6
i ,, Live stock costs, etc. 700 9 10
, ,, Furniture 379 0 0
' ,, Tools 434 9 2
,, Stores on hand 5,655 9 3
,, Sundry debtors 150 10 6
I ,, Dividend accounts 30 13 0
,, Tree planting 306 8 5
l ,, Brick making 174 10 10
‘ ,, Cash at mine 208 4 8
,, Gold in transit 5,963 18 0
£276,297 18 0 £276,297 18 0

Profit and Loss Account (13 months).

Dr. .6 s. d. i C'r. £ 8. d.
To Mining expenses 37,934 9 5 By Gold account—
,, Milling ,, 14,29710 4 ‘ From mill, 20,706'31 oz.
,, Hauling and pumpin 7,934 2 11 ' gold 80,134 15 8
,, Tramming and crushing 4,948 11 11 l Cyanide, 17,903'95 oz. gold 53,160 12 8
,, Cyanide expenses 19,974 12 0 ,, Profit on reserve shares 9,997 19 0
,, General charges 12,699 6 9 ,, Rent account 850 0 0
,, Balance 47,797 11 3 Balance as per last
1 statement £2,442 17s. 3d.
. Less bonus to W. L.
l Hamilton £1,000 08. 0d.
I -—-———- 1,44217 3
£145,586 4 7 : £145,586 4 7
The actual net profit for the 13 months on working operations amounts to £36,356 150., or about
22} per cent. on the nominal capital of the Company issued at that date. On November 30, 1890,
the Company showed a total loss of £3,153 28. 6d., while on December 7, 1891, a. profit balance
was shown of £2,667 98., the actual net profit made during the period being £5,195 11.9. 6d.
During the year ended November 30, 1892, a net profit was realized amounting to £16,876 128. 2d.
During the year ended November 30, 1893, the profit amounted to £9,146 163. 1d., and the net
profit was £36,356 153. for the 13 months to December 31, 1894.
Statement showing Revenue and Profit and Loss since inception of the Company.
Pericd Revenue from gold ‘Revenue from other
account. sources. Profit‘ Loss‘
_— 0 w i is .7.’ d. 7 £- CCITTE—r—t—T 7 sf .. ,1
To Nov. 30, 1890 2,843 11 5 -— > -— 3,153 2 6
,, Dec. 7, 1891 27,262 9 4 20 10 0 5,195 11 6 —
,, Nov. 30, 1892 | 67,259 6 8 , 135 7 2 16,876 12 2 —
,, ,, ,, 1893... 62,091 17 11 , 1,225 6 5 9,146 16 1 —
,, Dec. 30, 1894 | 133,295 8 4 850 0 0 , 36,356 15 0 —

Totals 292,752 13 8 f 2,231 3 7 l 67,575 14 9 3,153 2 6

198 WI TWA TERSRA ND MINES.

Rccapitulation. £ 9. d,
Revenue from gold account 292,752 13 8
,, ,, other sources 2,231 3 7

Total revenue £294,983 17 3

Total profit made £67,575 14 9
Less loss 3,153 2 6

Balance of profit made up to December 31, 1894 £64,422 12 3

DIVIDENDS PAID——
£
1892 15 per cent. on 50,000 : £7,500
,, 2O ,, ,, 60,000 = 12,000
1893 5 ,, ,, 140,000 : 7,000
~—-— 26,500 0 0
Balance of profit not distributed on December 31, 1894 £37,922 12 3
DETAILS OF PRODUCTION. —The Company at first crushed at the Standard mill which they had
leased for 6 months, then for 3 months at the Pearl Central mill, and on September 5, 1893, started
crushing with their own 35-stamp mill. To this, 5 stamps were added shortly after, making in all
40 stamps. These being of light pattern were converted, early in 1894, into heavy stamps, and at
the same time 40 new stamps were added, bringing the total to 80 about the middle of 1804. At
tile zzéne time the cyanide works capable of treating 10,000 tons per month were completed and
8 ar .
Statement of gold production from the inception of the Company to June 30, 1895 :—

Year. Tons crushed. “Nails; Yield. gratis Value. Value yer tcn.
- oz. dwt. all a s a. d.
1890 1,377 10 1375 19-98 3 4,813 3 911
1891 17,661 35 8776-4 9-94 \ 30,718 1 14 10
1892 42,870 40 18146-12 8-46 , 65,940 1 10 7
1893 40,478 40 16476-16 8-14 ‘- 60,022 1 9 8
1894 67,989 80 21097-19 6-06 78,477 1 3 1
January, 1895.... 7,046 80 1491-1 4-02 5,591 0 15 1
February, ,, 6,548 80 1501 4'58 , 5,229 0 17 2
March, ,, 7,645 80 1512 3-96 1 5,670 0 14 10
Apl‘ll, ,, 6,600 80 1075 3-25 ! 4,031 0 12 2
May, ,, 8,852 80 1414 3-19 5,303 0 11 11
June, ,, 8,298 70 1403-16 338 4,452 0 10 8
5% years. 215,364 74267-13 6-89 270,246 1 5 1

Cyanide ' Works.

Period. i Tons treated. Yield. l ‘5;: l Value. "alue per to!!

1 tons. oz. dwt. If 5; —V a. (l.

1894 . 95,585 19,014-8 4-00 | 57,076 12 0

January, 1895 $ 11,250 1,100 1-95 I 3,300 5 10
February, ,, 9,720 1,105 2-27 3,315 6 9
Maroh, ,, 9,800 1,114 227 I 3,342 6 9
Apl'll, ,, 10,200 1,120 2-23 3,360 6 9
May, ,, .. , 8,520 1,010 2-37 3,030 7 1
June, ,, . 6,090 610 2-00 1,830 ’ 6 0
18 months. 1 151,165 25,0738 1 3-31 | 75,253 1 9 11
 WI] WA TERSRA .VD MINES. 199

As will be observed the average yield of ore has been declining, owing partly to the dis
turbed nature of the count . As in the meantime the battery was being increased to 140
stamps, too close sorting coul not be done ; and it was found necessary to shut down the mill to
allow further extensive development of the mine to take place. The shutting down occurred at
the end of July. .
Dl-BCRIPTION OF THE PR.0PERTY.—The original property consisted of 17% claims, the ground
being of triangular shape and the outcrop running through the northern point, that is, through
about 2 claims. The South Reef outcrop is contained in 4 claims, the greatest length of reef in
this block being 2,000 ft. Later on another row of claims was added, making the total of the
outcrop block 27 claims. In 1893 an important purchase of deep level claims took place, together
with valuable water-right adjoining. The purchase embraced a mining area of 80 claims, which
are separated from the outcrop block by certain claims belonging to the Paarl Central. Alto
gether the Company owns now 107 claims of mining area in two blocks, situated on the farm
Langlaagte, Witwatersrand, about 2% miles from Johannesburg; the outcrop block being bounded
by the Langlaagte Estate to the east, and the Pearl Central property to the west. (For plan,
see Volume III.)
MINING INTELLIGENCE—Of the 107 claims which form the property, 27 form the outcrop
block. The remainder, forming the deep level, are separated from the former by a block of 31 claims,
belonging to the Pearl Central. The 2 reefs which intersect the property are : (1) The Main Reef,
outcropping for 250 ft. from east to west‘; (2) the South Reef, outcropping for 500 ft. from east to
west. The reefs have therefore only a small outcrop on the Company’s ground, but owing to its
triangular form, the length of reef increases with depth. Thus with an outcrop of only 250 ft.
the reef at the 7th level extends to a length of 1,800 ft. The Main Reef averages in width
5 ft., and the South Reef, 4 ft. 6 in. Up to the present time the property has been mined by three
shafts, but in future all works will be concentrated at the main vertical shaft, which is now sunk
to the 8th level, a vertical depth of 505 ft. Three levels are practically exhausted. It is the
intention of the management to proceed with extensive development operations, especially in the
eastern part of the property, which, judging from reports made on adjoining ground, should be
richer. Milling operations will be resumed as soon as the development is well ahead of the mill.
EQUIPMENT.-—-The main vertical is sunk to 505 ft., and is circular in form and 15 ft. in
diameter. It is divided into 4 compartments, 2 for large hauling skips, and 2 for cages. It is
surmounted by a head-gear of wood 65 ft. high. The ore is raised by skips to the upper part of
the head- ear and discharged on grizzly bars, and from thence on to 2 large revolving sorting tables,
24 ft. in diameter, from which the worthless rock is delivered into ore bins. The valuable rock,
after passing through two No. 5 Gates’ crushers, reaches a revolving screen before being taken up
by a second set of Gates’ crushers of a size smaller than the first ones.
Engine House: Pumping is done by 1 Moore’s hydraulic pump, by means of which
power is conveyed underground by water acting on plungers for lifting water—virtually, pumping
is done by two columns of water acting on the pumps below instead of by the usual rods. The Y
arrangement, which is unique on the Rand, seems to give great satisfaction. This pump is now
driven by 1 Ruston & Proctor Compound engine, 250 h.p., which also drives the sorting
tables and stone breaker’s plant. Hauling is done by 2 difl'erent hauling engines, one for the skips
raising the ore, the second one working the 2 cages. The skips hauling engine consists of 1 pair
compound high pressure winding engines 18 h.p. and 30x36 in., 1 Tangye’s 10x18 in. direct
acting winding engine; § h.p. Ingersoll air compressing plant of a capacity of 8 drills steamed
by 6 Globe boilers, 120 h.p. each.
Mill: From the ore bins erected at the head-gear the ore is conveyed to the mill by 1 over
head electrically-driven wire tramway. The milling plant consists of 140 stamps, 1,050 lb. each,
erected in two rows of 70 back to back, fitted with Challenge ore feeders and ore bins, the whole
made by Hornsby & Co. The mill is driven by 1 Tangye compound condensing engine, 260 h.p.,
fitted with hemp rope belting. This engine, in addition to the mill, drives 2 dynamos
supplying light and power. 1 Marshall 16 h.p. auxiliary engine works the dynamos in case of
stoppages of the main engine. This plant is steamed by 2 Turner 120 h.p. boilers, and 3 Globe
Company 120 h.p. boilers.
Cyanide: From the mill the pulp reaches by gravitation a series of six 250-tons settling
vats, fitted with McBride &, Roberts’ rotary distributers. Each vat is fitted with 6 in. bottom
discharge trap-doors patented by McBride & Brown. By the use of these patents several im
portant results are obtained. (1) The distributers are so arranged as to allow a perfect command
as to the quality of slimes which it is desired to leave in the pulp for treatment ; the whole of the
slimes being eliminated if so desired. (2) A system of perforated pipes allows an even distribution
of the solution at different depths of the tank, so that the ore at the bottom of the vats does not
receive a solution weakened by its passage through the upper layers, but a solution of equal
strength throughout. In these settling vats the pulp is submitted to a preliminary cyanide

-_—_>?-__->_ :7 Ti:- -__; A ; i -i i i.’

200 WITWA TERSRAND MINES.

treatment by 2 solutions of different degrees of strength. After sufi'icient draining it is conveyed

by mechanical haulage to 6 wooden circular leaching vats, 400 tons capacity, also fitted with
McBride patent doors. In these tanks the treatment is completed. After leaching, the tailings
are taken to dump, and submitted at the dump to what may be called a. third treatment, which
consists in pumping over the tailings, which are spread over painted calico, a weak solu
tion of 0002 oz. cyanide of potassium. This weak solution when pumped back to the extraction
zinc boxes is found to contain 1% dwt. of gold per ton of solution. The remainder of the plant
consists of : 6 extraction zinc boxes; 4 solution tanks ; 3 centrifugal pumps, pumping the solution
from the zinc boxes to the dump; one 4-in. centrifugal pump, pumping solution from the solu
tion tanks to the leaching vats ; one 3-in. centrifugal pump for percolation ; one 2%-in. Tangye to
pump the weak solution to the dump for the third treatment; 1 Cameron pump to return this
solution to the extracting boxes. The whole of the pumps are driven by 1 vertical compound high
speed Tangye engine, steamed from the mill’s boilers. The mine is also fitted with extensive assay
offices, furnaces, etc.

LANGLAAGTE STAR GOLD MINING COMPANY, LIMITED.

Formed in 1894.
CAPITAL—£265,000 in £1 shares; 240,000 shares issued and fully paid up.
Directors.
J. W. S. LANGERMAN, J. Faacuson, and R. LILIENFELD.
London Agents.
8. Masons and J. H Bo'rr.
Secretary and Head Oflioc.
G. BINGHAM, Johannesburg, Transvaal.
London Secretary and Oflice.
J. Ronss'rsox, 8, Princes Street, London, E0.
Paris Agents and Oflice.
Société Générale, 54, Rue de Provence, Paris.
CAPITAL—The Company was floated with a capital of £200,000. 100,000 shares were issued
to the vendors (Mr. J. B. Robinson and the Langlaagte Estate Company) in equal shares; and the
working capital is re resented by 100,000 shares which have been taken up at par by Mr. J. B.
Robinson. In September, 1895, the capital was raised to £265,000, 40,000 shares being paid for
16% additional claims, and 25,000 being held in reserve.
HISTORY—The property consists principally of the Star Gold Mining Company’s claims, which
were floated in 1887 with a capital of £35,000. The Company was re-floated in 1888 with a capital
of £76,000, the old Company receiving 35,000 shares for their assets; 26,000 were issued for the
purchase of some 8 claims; underwritten, 15,000 shares; total, £76,000. Certain 2,500 original
reserve shares were given as part purchase for the claims, and for underwriting 15,000 shares at
par. In October, 1889, the capital was increased to £100,000 by the creation of 24,000 new shares.
Of these 3,000 went to the Langlaagte Estate, in part payment for a clear title; 11,000 were sold
at 303., realizing £16,500; 4,000 were sold at 325. 6d., realizing £6,000; and 6,000 shares were held
in reserve. In addition to the 3,000 shares, the Langlaagte Estate received, for providing a clear
title, a sum of £3,000 cash. The Star Gold Mining Company received 2,600 shares in the Angle
Tharsis Gold Mining Company in settlement of a dispute over a certain claim which was sold by
the Government, and which now forms part of the Angle-Tharsis Company. In April, 1891, the
profit and loss account showed a debit balance of £8,905 lls. 10d., and cash at bankers, £12,660.
From this period to April, 1893, the operations of the Company did not show a profit ; indeed, the
property was thrown on the public market, and all the assets were sold by auction to Mr. J. B.
Robinson, who bought the property for £12,500. After this, in 1894, the property was reconstituted
with a capital of £200,000 as above stated, 27 additional claims being acquired on lease from the
Langlaagte Estate Company for 50,000 shares.
PROPERTY AND DixscRiPnom—The property of the Company is situate on the Langlaagte
Estate, on the farms Langlaagte and Klein Paardekraal, 4 miles west of Johannesburg, adjoining
the New Croesus Gold Mining Company and the Angle-Tharsis Gold Mining Company. The total
area is now equal to 80% claims, being the mynpacht equal to 51 claims, and a block of 29}
claims. (For plan, see Volume III.)
MINING.—Since the Company has re-started operations all the surface works have been placed
 WITWA TERSRAND MINES. 201

in workable condition, and the whole of the mine equipped with a new and complete plant. A 60
stamp mill is in course of erection. This mill is expected to be ready to start crushing at the end
of 1895. A complete cyanide works of 6,000 tons capacity per month is also being erected. The
new plant will include an air~compressing plant of 30drills capacity. Mining is being carried on by
means of 3 shafts : New main shaft, depth 300 ft. ; old main shaft, sunk on the outcrop, depth 245 ft;
east vertical shaft, sunk on the outcrop, depth 157 ft. Development is proceeding speedily. The
Main Reef averages 6 ft. in width (with Main Reef Leader); and the South Reef averages in width
3 ft.
PRODUCI‘ION.—Th6 record of the old Company is as follows :—
02. £ 8. d.
1888 201'0 realizing 775 17 6
1891 921'6 ,, 3,223 0 0
1892 ...33,842 tons for 8,221-0 ,, 29,261 0 0
1893 ...18,357 ,, 4,234'8 ,, 15,496 0 0
13,578'4 oz. of gold = £48,755 17 6

LE CHAMP D'OR FRENCH GOLD MINING COMPANY, LIMITED.

Formed in 1890.
CAPITAL—£ 135,000 in £1 shares ; £133,000 issued and paid up.
Directors.
In Paris: E. Mox'rrom (Chairman), COUNT PISANI, A. Rrns'r, A. BELMAN, E. DURAND,
G. MONTFORT, and G. PONSELLE.
Local Committee at Johannesburg.
L. CHOUAN and F. W. DIAMOND.
Manager.
L. CHOUAN.
Secretary and Head 0 ce. Local Oflice.
H. SELBY, 8, Old Jewry, ndon. Johannesburg, Transvaal.
Agenc in France.
1, Place ieldieu, Paris.
CAPITAL cHANGES.—The Company was formed in 1890 as Le Champ d’Or French Misgund
Gold Mining Company, with a capital of £100,000, to acquire a portion of the farm Misgund on the
Black Reef, but the purchase was not carried out, and hence the word “ Misgund ” was eliminated from
the title, and the Company acquired the property and other assets of King Solomon’s Mines,
Limited. In November, 1892, the capital was increased to £135,000 by creation of 35,000 new
shares, of which 20,000 were immediately offered for subscription at par, guaranteed by Mr. H. J.
King, and taken up, leaving on August 31, 1893, altogether 17,501 shares in reserve. During
the year ended August 31, 1894, 10,992 of these shares were disposed of, leaving 6,509 in reserve,
and others have since been sold.
Aooons'rs AND FINANCE—AOCOImt-S are made up annually to August 31. The last two
general meetings have been held at Paris, and it is probable that in future all meetings will
continue to be held in that city, in view of the fact that the great majority of shareholders reside
there. The Company has gone through a great deal of financial trouble. The chairman, Mr. E.
Montfort, did much towards saving it from a financial collapse. The original working capital was
£30,(X)0. Some 11,000 shares, sold at a premium, realized £22,214 68. 5d., and 20,000 shares more
were placed at par, £20,000. During the year ending August 31, 1894, a further parcel of reserve
shares of about 12,375, realized £13,361 68. 3d. Thus the whole actual capital supplied amounts
to £85,575 123. 8d., leaving 6,509 shares in reserve. A heavy loss was incurred by the Company
through the failure of its first bankers, the Banque Générale des Chemins de Fer et de I’Industrie,
which absorbed the whole of its working capital at that particular time, namely, £27,804 98. 4§d.,
being the total cash resources of the Company. Against this loss a sum of £1,070, being dividends
due on shares standing in the name of the said bankers, reverted to the Company, as well as 4,800
shares recovered from the 11,000 originally held by the bank. These 4,800 shares were employed
to replace a like number of forged shares, and the Company suffered a further loss of £1,371 38. 11d.
in cash. Of the 6,509 reserve shares, the larger part was realized after the close of last financial
202 WIT WA TERSRA ND MINES.

year (August 31, 1894), leaving about 2,000 in reserve. There are also a number of shares in the
hands of the Company which may revert to it, subject to a lawsuit now in course of preparation.
This would bring the amount of reserve shares again to about 4,000. Out of the claim on the
insolvent estate of the Banque des Chemins de Fer et del’Industrie, a further dividend of 7 per
cent. has been recovered, which brings the entire amount recovered to about 40 per cent. of the
original amount. The increase of the capital, and the funds realized thereby, did not cover the
liabilities, and the Company was obliged to take up a loan of £20,000 at 8 per cent. on a first
mortgage bond. When this amount had been raised, the local board found (July, 1893) that
£5,111) more would be required. The sale of 18,000 tons tailings provided £4,000 towards this
amount. At the end of 1893 the Company was £30,000 in debt. A reconstruction seemed imminent,
but through careful handling of the finances and the better development of the mine this was
avoided. The accounts closed at August 31, 1893, with a debit balance of £28,801 19s. 11d., which
was wiped off during the year following, leaving a surplus of £5,168 88. 6d. The financial year
to August, 1894, therefore, produced a profit of £33,970 88. 5d. In the balance-sheet there is an
amount of £1,922 ls. 4d. in suspense, representing royalty which may be due to the African Gold
Recovery Company. As this royalty question is being contested by several other companies on the
Rand, this Company has ceased to pay royalty, awaiting the issue of the litigation.
Extract from balance-sheet and profit and loss account for the year ended August 31, 1894.
Balance-sheet.
‘ Liabilities. ~ £ a. d. Assets. £ 8. d.
To Capital account— By Property account—
135,000 £1 shares 135,000 0 0 49 claims 56,008 4 0
Less reserve 6,509 0 0 ,, Plant and machinery 30,709 19 5
— ,, Buildings 2,785 0 0
£128,491 0 0 ,, Permanent works 4,032 19 6
,, Premium account— ,, Development account 25,989 2 0
Premiumsrealizedoushares ,, Furniture 503 7 3
sold 986 6 3 ,, Live stock and vehicles 173 5 O
,, Suspense account— ,, Stores 2,548 10 10
Royalty due to African ,, Tailings 1,973 13 10
Gold Recovery Company 1,922 1 4 ,, Gold on hand 6,763 19 11
,, Dividend account— ,, Native passes 30 13 6
Dividends not paid 400 1 5 ,, Rent paid in advance 56 0 0
,, Salary account— ,, Nationals Bank 5,941 6 8
Salaries owing 2,175 11 5 ,, London and Westminster
,, Sundry creditors— Bank 19 18 2
For sup lies, etc. 5,208 16 2 ,, Crédit Lyonnais 1,094 10 0
',, Profit an loss account— ,, Cash in hand 3,145 3 11
Balance 5,168 8 6 ,, Sundry debtors 2,576 11 1

£144,352 5 1 \ £1@52 5 _1
Profit and Loss Account.
Dr. £ 8. d. ' Cr. 15 s. d.
To Mining expenses 25,464 5 4 By Gold account—
,, Transport ,, 1,367 11 O , Battery, 23,946 11 9 91,661 18 1
,, Reduction ,, 9,406 o o , Tailings, 8,578 65 0 21,055 2 s
,, Pumping ,, 3,526 6 2 , ———_—
,, Maintenance ,, 5,551 5 5 1 £112,717 0 9
,, Cyanide ,, 8,392 3 3 ,, Profit on merchandise sold... 122 12 3
,, Sundry ,, 160 12 0 ,, Fines on natives 12 19 0
,, Depreciation ,, 13,474 4 4 l ,, Transfer fees... 75 17 6
,, General charges— ,, Conversion fees 27 17 1
In the Transvaal 7,616 2 10 ' ,, Dividend No. 1—
In Paris 4,830‘ 2 6 Reverted to the Company... 1,070 O O
In London... 479 6 3 From othersources... 212 0 11
Debit balance, August 31, 1893 28,801 19 11
Credit ,, ,, ,, 1894 5,168 8 6
£114,238 7 6 £114,238 7
Balance brought forward to credit of current year’s account, £5,168 88. 6d.
 WITWA TERSRAND MINES. 203

Profits and losses realized by the Company on actual mining and milling operations since
formation :—
Period. Profits. Loss.
£ 8. d. £ a. d.
18 months ended August 31, 1891 4,709 15 7*
Year ended August 31, 1892 21,598 5 9g;
,, ,, ,, 1893 30,493 18 0%
,, ., ,, 1894 33,970 8 5
Balance of profit 29,784 11 9:;

£60,278 9 10 £60,278 9 To
£ a. (1.
Balance of profit 29,784 11
August, 1892, dividend No. 1, 10 per cent. 8,010 0 0
Balance of profit on August 31, 1894 (absorbed by capital account) £21,774 1.1 9;:
Profits made since: 15 s. d.
September, 1894 6,653 4 2
October, 1894 5,467 19 11
November, 1894 6,520 12 2
December, 1894 5,610 5 6
January, 1895 6,329 18 5
~ 30,582 0 2
Total £52,356 11 11.}
Capital issued, £133,000. January, 1895, dividend No. 2, 20 per cent. 26,600 0 0
Balance of profit, January 31, 1895 £25,756 ‘11 in
The loss during the year 1893 is explained by the troubles which befell the Company during
that period. The battery was closed down for six months; the mine was flooded by heavy rains;
and many of the miners having been attacked by smallpox, the mine was placed under quarantine
for a considerable time. Mr. Chouan having resigned as manager, Mr. Stierlin took his place, and
initiated a new plan of working the mine, which was recommended by the consulting engineer,
Mr. Frecheville. Mr. Stierlin in his turn resigned, and was replaced by Mr. Eliott, who presently
fell ill. Some time before this the Johannesburg secretary’s irregularities were discovered. All
these circumstances were great drawbacks ; and this period was certainly the most unfcrtunate in
the history of the Com any. At this critical stage the local board was at a loss as to how to deal
with the increasing di culties. The works as laid out by Mr. Stierlin were of such injudicious
magnitude at that time that they were certainly beyond the means of the Company. Instead of
being able to meet the expenditure out of a £20,000 loan which was authorized by the head ofl‘ice,
the works soon involved the Company in a debt of £30,000. Of course, the works having been
once started, they had to be finished, the battery lying idle all the time. The local board saw no
other alternative, after funds and credit were exhausted, but to shut down the mine; and it is due
to Mr. Crosse, who then undertook the onerous duties of manager, that the mine was kept going
until the arrival of M. E. Montfort, the chairman of the Company. The local board then resigned,
and M. Montfort undertook the direction, bringing new and wholesome energy to bear on the
diflicult position of afi'airs, and by persevering measures, and timely financial assistance, gradually
opened the way for a new and more successful era, until the end of the financial year saw the
Company once more without debt and with the best of prospects of soon resuming dividend
payments.
Drvrossos— £
August, 1892 No. 1. 10 per cent. 8,010
Deoember,1894 ,, 2. 2O ,, 26,600

3(_)per cent. £34,610

DESCRIPTION OF THE PROPERTY.—The original property consisted of 31 claims, of which 19

are on the outcrop of the reef and 12 on the first dip. Subsequently the property of the Germania
Syndicate was acquired, adding 11 outcrop claims and 6 claims to the north of the reef, in all now
48 claims. The property extends for 2,850 ft. (19 claims) on the strike of the reef, there being
204 WIT WA TERSRA ND MINES.

one row of deep level claims for a distance of 1,880 ft. The property is situated on the farm
Witpoortje, \Vitwatersrand, between the Midas Battery Reef and the Teutonia (now French
Rand) properties. The Company also owns two water-rights. (For plan, see Volume III.)

TECHNICAL INTELLIGENCE—TWO reefs, the Botha’s Reef and the South Leader (Champ d’Or
Leader) traverse the property from east to west. Down to the 270-ft. level the Botha’s Reef has
an average width of about 4 ft., pinching down to a mere line of pebbles in the western portion of
the property ; the Champ d’Or Leader, being about 16 ft. distant from the reef, varies from 1 in. to
15 in. in width. The ground is very much disturbed by breaks and dykes, so that the mine had
to be divided into three sections—the eastern section, about 480 ft. from the east boundary up to
the big break, which throws the reefs 150 ft. to the north; the central section, 750 ft. from the
break up to a large dyke, which forms the eastern limit of a length of 620 ft. of improved ground,
with a dyke at each end; and the western portion, 840 ft. on line of outcrop, from the dyke at
west end of improved ground to the western boundary of property.

DEVEIDPMENT.—Tlle first shafts sunk were barely 7 ft. x 15 ft. in the clear, and were carried
down on the incline; these were later on cut down and enlarged. Up to August 31, 1894,
only the western and central portions were worked, but at present development is going on in the
eastern portion as well, and the ore obtained is of a highly promising quality. During the last
financial year the development has nearly exhausted the western portion; the central portion is
well advanced, and the eastern still intact. The total footage sunk, driven and risen during the
period is 4,646 ft., at an average cost of £1 15s. 0'971d. per foot. The ore reserves in sight on
August 31st, 1894, are about 30,221 tons, or about seven months ahead of the mill requirements.
It will be incumbent on the Company to push the development of the eastern portion well ahead,
as the central portion alone will not be able to keep ahead of mill requirements.

MINING INTELLIGENCE as at June 1 7 1895 :—

Mme—Western Section. No. 1 shaft—Dimensions: 12 x 5 ft.
Number of it. sunk: 374 ft.
Dip : 40° (average).
6 levels practically exhausted.
No. 2 shaft—Dimensions =12 x 5 ft.
Number of ft. sunk=426 ft.
Dip =49° (average).
6 levels all exhausted, less about 2,000 tons in the 6th level.
Central Section. No. 3 shaft—Dimensions: 14 x 5 ft.
Number of it. sunk=685 ft.
Dip = 43° (average).
6 levels—Levels Nos. 1 and 2 exhausted.
No. 3 level.—Length of drive west (Main Reef) =495 ft.
(South Reef): 60 ft.
Drive east (Main Reef)=285 ft.
(South Reef)=290 ft.
No. 4 level.-—Length of drive west (Main Reef) = 168 it.
(South Reef) = 120 ft.
Drive east (Main Reef) =160 ft.
(South Reef)= 95 ft.
No. 5 level—Length of drive west (Main Reef): 32 ft.
Drive east ,, ,, = 38 ft.
No. 6 level—No development yet.

Equipment of No. 3 Shaft: 1 head-gear, 41 ft., with sandstone and ore-bins ; 2 skip tracks;
1 ladder-way; 2 Evans’ system pump, 10x 5 in.; 1 hauling engine, Ruston & Proctor, 2O h.p.;
2 boilers, Ruston & Proctor, 20 h.p.; 1 air-compressor plant, Ingersoll-Sergeant, for 10 rock
drills ; 2 boilers, Ruston &. Proctor, 30 h.p.
No. 4 shaft.-——Dimensions = 12 x 5 ft.
Number of ft. sunk=416 ft.
Dip =47° (average).
4 levels. Levels 1 and 2 exhausted.
No. 3 level—Length of drive east (Main Reef)=290 ft.
No. 4 level—Length of drive west ,, ,, =40 ft.
 WITWA TERSRAND MINES 205

Equipment of N0. 4 Shaft: 1 hauling engine (Robey), 16 h.p.; 1 boiler (Robey), 16 h.p.;
1 boiler (Davey), 16 h.p.; 2 Tangye’s steam pumps, 10x6 in.; 1 skip track; 1 ladder-way;
1 headgear, 24 ft., with ore-bin.

Eastern Section. No. 5 shaft—Dimensions: 14 x 5 ft.

Number of ft. sunk=75
Dip: 55° (average).
Sinking began two months ago.

Equipment of No. 5 Shaft: 1 head-gear, 30 ft., with ore-bin; 2 skip tracks; 1 ladder—way;
1 hauling engine (Davey &. Paxman), 16 h.p. ; 1 boiler (Marshall), 16 h.p.

Ore in sight (ready to be mined) :— Tons.

Main Reef 10761
West °f N°- 3 shaft {South Reef 31184
Main Reef 11653
East 1’ 1' {South Reef 31538
East of No. 4 shaft 28,092

Total 57,228

Battery: 40 stamps of 750 lbs.; 10 stamps of 950 lbs.; 50 ore-bins fitted with “Challenge ”
ore-feeders; 4 Berdan pans; 1 Marshall engine, 50 h.p. (high pressure); 1 Robey high speed
engine, 8 h.p.; 1 Marshall compound spare engine, 1 h.p.; 2 Ruston & Proctor boilers, 30 h.p.;
3 dyisiamos for electric lighting, pumping for battery, and driving crushers and pumps (cyanide
wor ).
Crushers: 2 Blake & Marsden crushers; 1 motor; 1 sorting-table. From the battery the
pulp is taken by two wheels and sent into three settling tanks, with bottom discharges. The
tailings are loaded in trucks and sent to the cyanide works by mechanical haulage.
Cyanide Works: 11 leaching vats, 50 tons each; 4 solution tanks; pumps and zinc lathe
driven by electric motor; 1 motor. The residues are discharged by boys and brought to the dump
by mechanical haulage.
Water-right (Germanic): 1 steam pump and a 16 h.p. boiler.
Battery Pumping Station : 1 motor; 1 Worthington duplex pump.
Improvements: An electric pump for the mine, a dynamo and a motor are in course of erec
tion. Three safety apparatuses (Meyer) for the immediate stoppage at a distance of the steam
engines will be placed very soon on the battery and hauling engines. The cyanide plant Will be
increased for the treatment of slimes.
PRODUCTION—The milling capacity has been gradually increased to 40 stamps, erected at the
mine itself, from the old 10-stamp battery of the King Solomon’s Mines, at a distance of more
than a mile from the mine. Milling was started on March 1, 1891, and the results obtained are
recorded below. The tailings were at first sold to the Eagle Gold Extracting Syndicate, who
erected their own cyanide plant at the mine, the Company to reserve 48. 6d. per ton on the 18,000
tons sold to the Syndicate. In January, 1894, they had treated about 7,000 tons, when M. Mont
fort made a new contract with the Syndicate practically cancelling the old one. By this the
Company acquired the right to purchase the said cyanide plant for the sum of £2,000, payable at
the rate of £200 per month, with an option to pay the instalments in advance, on terms that, until
the purchase was completed, the Eagle Syndicate should treat the tailings for 25 per cent. of the
net profits of each month’s treatment, the Company receiving the remaining 75 per cent. This
arrangement was carried out, and the Company entered into possession of the plant on March 1,
I 1894, also recovering thereby 11,000 tons of their own tailings. This plant has since been con
siderably increased, so that from 3,500 to 4,000 tons per month can now be treated. During
February, 1895, the stamping power was increased by 10 heavy stamps, which, however, do not
cause a notable increase in the production, owing to the rock having become of more pyritic nature,
arlid consequently of greater hardness. This also necessitated the acquisition of a rock-drilling
p ant.
 206 WITWA TERSRAND MINES.

Total value of production, Cost and Profit per ton since Milling operations were started.
Ave - I
Penod'
. £25138. crushed.
Tons yield.
Total perton.
Yield Value
ton.pe r Cost
tonlfer Profit
ton.pe 1' value.
Total

(3 months, ended 5 oz. dwt. £ 8. d. s. d. a. d. i £ 3.11.

August31,1891 10 ‘ 3,687 446031 2419 4 7 0690 32 0848 34 1'044116,144 63
12 months, ended
August 31, 1892 22 20,114 1453087 14'25 2 12 3 32 11'9 19 3'1 52,556 4 5
12 months, ended
August 31,1893 40 ,‘(No details, mill shut down about 6 months) ‘25,128 17 2
‘.12 months, ended I ,
August 31, 1094 40 44,522 123940-59 d 1070 2 1 2 23 9 17 5 91,661 15 5
wt. .
September , 40 8,945 2903-75 14 15:31 2 11 9-75 30 1082 20 1093 10,220 00
October ,, 40 i 4,195 248550 12 2016 2 2 1125 29 11'67 12 1158 9,(X)6 00
November ,, 40 4,365 2564 11 1795 2 4 9'73 27 0'46 17 927 9,790 00
December ,, 20-40 3,729 248925 13 see 2 e 8'26 30 8-55 17 11-71 9,078 00
January, 1895 40 4,932 290355 11 18 2 2 8'0 24 9'17 17 1083 10,527 00
February ,, 40 4,700 2850 12 306
March ,, 40 ‘,1 4700 28(1) 11 2195 I ,

Value of total production from mill up to January 31, 1895 £234,102 3 5

Cyanide ll'orks.

Penod' i‘ treated.
Tons Total
yield. Yield
ton.per Value
taupe 1' Cost
ton}?e r Profit
toILpe : Total value’

, .
1
Six Months 1 $3 I. d.
Ended August 31,1892... EProceedsoftailingssold 765 1 8
,, ,, ,, 1893...‘ ,, ,, ,, .. 500 0 0
oz. dwt. gr. I. d. a. d. a. d.
,, ,, ,, 1894... 125,128 8578'65 6'82 16 9 8 3 8 6 21,055 2 8
Month of
,, September ,, 3,180 131250 6 6'11 22 3'17 6 8'67 15 6'50 3,540 O 0
,, October ,, 4,649 1546'15 6 1536 19 3'49 7 3'83 11 11'66 4,484 0 O
,, November ,, I, 4,234 147725 7 0'66 20 4'34 8 5'08 11 1126 4,280 0 0
,, December ,, 3,545 1454 8 4'87 22 4'10 9 1'48 13 2'62 3,960 0 0
,, January, 1895 | 4,140 137030 6 14'0 19 2'00 8 2'19 10 11'81 3,969 0 0
,, February ,, 1 3,800 1500 7'89
,, March ,, | 3,900 1400 7'17

Value of total production by treatment of tailings up to January 31, 1895 £42,553 4 4

Rccapitulation.
£ 3 d.
Value of total production from mill 284,102 3 3
,, ,, tailings 42,553 4 4

Total production up to January 31, 1895 £276,655 7 7

There are about 22,000 tons of slimes in stock, assaying about 5 dwt. per ton, the treatment 0!
which is reserved for the dry season.
 WITIVA TERSRAND MINES. 207

Table showing improvement in yield during the first nine months of last financial year (to
August 31, 1894).

Months. Tons crushed. Total yield. i Yield per ton.

, . __ .. ,___—__

1893. | oz. i dwt.

September . .. ... . .. g 2,257 7034 ‘ 6223
October ‘ 2,861 8902 , 6233
November ... ... ... 3,333 1 1,089 6053
December ‘ 3,964 1 1,356 6084
1894. ‘
January 3,833 I 1,670 9019
February ... ... ... . 3,500 , 1,975 I 116
March , 3,409 ; 2,159 . 1266
April ‘ 3,897 2,622 1845
May 4,200 ‘; 2,750 1309

It should be pointed out that the increase of the yield was obtained under the new management
since January, 1894, and the increase is explained by the manager (Mr. Chouan) as being the result
of judicious sorting of the ore. On the other hand it has been asserted, rightly or wrongly, that
in order to produce as fast as possible, with the ultimate end of pulling the Company through its
financial troubles, somewhat indiscriminate mining was resorted to, which should go to explain the
early exhaustion of the western portion while the development of the eastern portion was decidedly
neglected. It is a matter of congratulation to the Company that the increased yield has not only
been maintained, but also that the mine has been increasing its output ever since, and that the re
turns from the tailings
most favourably bring
with any themine
other average yieldRand.
on the up to In18spite
dwt.ofman
r ton, whichto certainly
accident the main com ares
sha t—a
fall of ground, which took about two months to repair—haulage and development were continued by
one of the older, smaller shafts, and were kept well ahead of the mill requirements.
Statement showing total amount of capital invested in mine, plant, and machinery up to
August 31, 1894.
£ a. (7.
Total capital supplied by subscription of shares 85,575 12
Balance of profits made, less dividend (No. 1) paid 21,774 11 9}
Reverted to Company by dividend abandoned 1,070 0 0
£108,420 4 5.)
£ 8. do ‘
Loss made through failure of bankers 27,084 9 4.
,, by embezzlements of secretary‘ 1,371 3 11
Paid for property in cash, King Solomon’s Mines 5,000 0 0
,, ,, ,, Germania Syndicate 5,000 0 0
Legal expenses 2,000 0 0 .
f 40,455 13 3)

Actual amount sunk in the mine, plant and machinery £67,964 11 2_

Against this amount the capital expenditure stands in the books of the Company at th—at_ date
worth about £63,517 0 0 while since
the following amounts have been added :—
£ a. d.
September, 1894 2,571 2 10
October, ,, 1,928 13 0
November, ,, 2,993 5 1
December ,, 3,045 18 7
January, 1895 4,275 13 3
-i__~ 14,81412 9
Total of capital expenditure on January 31, 1895 £78,331 12‘ 9
GENERAL REMARKS.—Tl10 life of the mine has been at various times over- and under-estimated.
The report of Mr. Philips, mining engineer, who surveyed the ore reserves m the Company’s
208 WI T WA TERSRA ND MINES.

property, states that about August, 1894, the total quantity of ore estimated to be available in
the mine was 740,000 tons, after deduction of the usual allowance for breaks, faults, etc., and
also about 33 per cent. for sorting deducted.

LUIPAARD'S VLEI ESTATE AND GOLD MINING COMPANY, LIMITED.

' Formed in 1888.
CAPITAL—£350,000 in £1 shares; all issued and fully paid up.
Directors.
LEIGH HOSKYNS, HERBERT G. H. NORMAN, CECIL QUENTIN, and DUDLEY A. C. Sco'I'r.
Secretary and Oflice.
HENRY D. BOYLE, 8, Old Jewry, E.C.
FINANCIAL Hls'roRY.--The original capital was £250,000, of which £225,000 was paid to the
vendors (the Gold Fields of South Africa), and the remaining 25,000 shares were subscribed at par,
108. per share only being paid up at the time. In 1889 the mynpacht was divided into three portions,
and sold to the Battery Reef, West Battery Reef, and Mynpacht (Luipaard’s Vlei) Companies for
75,000 shares, 40,000 shares and 43,333 shares respectively, in addition to £66,667 in cash. Later
the Company surrendered these shares and bought back the three properties, the capital being
raised to £350,000 for the purpose. In 1895 the Company called up the 10s. unpaid on the 25,000
working capital shares, and it also issued the 5,997 reserve shares at 218. 611., or £6,372 net. This
provided £18,872 of further working capital.
PRESENT FINANCIAL PosI'rIoN.—The Company never having had ample funds, the Con
solidated Gold Fields of South Africa has offered to lend it £40,000 as and when required, at
8 per cent. interest, conditionally on the ,value of the property being proved. Up to May, 1895,
£10,000 had been so advanced, and the money received on shares in 1895 gave £18,872, leaving a.
balance in favour of the Company of £8,872. This would probably have been reduced to £5,000
by the end of September, 1895. The Company’s general expenses are small. It is possible that
instead of exercising its right to the £40,000 loan, the Company will propose some scheme under
which the money can be raised on better terms among the shareholders.
PROPER'I'Y.—The Company owns the surface rights of the proclaimed farm Luipaard’s Vlei, 16
miles west of Johannesburg, with the town of Krugersdorp just outside its northern boundary.
The railway from Johannesburg runs through the northern part of the farm, which is 7,150 acres
in extent. The Company receives about £6,000 per annum from claim licenses. On this farm it
ssesses the mynpacht (its mining area) of 686 acres, the homestead of 117% acres, the Van Wyk
arm of 117% acres, and land enclosed for tree-planting 151% acres; a total of 107% acres. The
mynpacht, which is held subject to the payment to the Transvaal Government of £162 10s. per
year, is bounded on the east by the Windsor Company, and on the west by the York and
Lancaster Companies. It is 4,200 ft. wide, and 6,500 ft. long. The Company also possesses some
owner’s claims and 11 water-rights outside the mynpacht. On the tree plantation there are 10,000
trees growing.
MINING INTELLIGENCE—There are a number of reefs running through the mynpacht, the
principal of which are the Botha’s Reef on the north, the Van W'yk or Africander Reef in the
centre, and the Battery Reef on the south side. The property has hitherto been difiicult to work
because of two main series of faults, together with other intermediate faults, which make it difficult
to follow up the reefs. Moreover, owing to a thick deposit of alluvial soil, the outcrops themselves
are hard to find. Two of the faults, in what is known as the Mynpacht section, seem to run
together, and cause a total upthrow of 70 to 80 ft., cutting out at least 190 ft. of available backs.
Certain sections of the ground are so broken that it is doubtful if they can be profitably worked ;
but in other parts there are long stretches of fairly settled ground. The work done so far, owing
to the broken character of the ground, has not resulted in the opening up of a sufiicient quantity of
stoping ground; and the suggested erection of a heavy 40-stamp mill has therefore been delayed.
The results of trial crushings will be found at the end of this volume. Work at present done costs
no more than about £650 a month. The West Battery section is let on tribute.
ACOOUNTS.-—Made up annually to June 30. The accounts for the year to June 30, 1892, showed
a profit for the year of £2,546, and the year to June 30, 1893, showed a profit of £2,262. The
revenue in the latter year was £6,999, including £4,744 from licenses, £865 from interest, and
£800 frfopii the tributors of the West Battery mine. The accounts for the year to June 30, 1894,
are as o ows :—
 WITWA TERSRAND MINES.

Balance-sheet at June 30, 1894.

Capital and Liabilities. £ 8. (1. .6 s. d
To Share capital authorized .. 350,000 0 0
Issued—
319,003 shares of £1 each, fully paid 319,003 0 0
25,000 ,, ,, 103. paid 12,500 0 0
331,503 0 0
,, Bills payable 1,000 0 0
,, Consolidated Gold Fields of South Africa, Limited :—
Advances and interest to date .. 5,949 18 10
,, Sundry creditors—
In London 446 13 2
In South Africa 713 6 6
,, Profit and Loss account :— ~—i 1,159 19 8
Balance from June 30, 1893 8,146 13 1
Balance, year ending June 30, 1894 2,109 18 8
_— 10,256 11 9
£349,869 10 3
Assets. £ s. (1. £ 1;. d.
By Purchase of estates, as at last account . . 327,533 15 7
,, Expenditure on tree-planting and fencing during year 1,222 19 0
328,756 14 7
Add outlay in developing mynpacht, less proceeds
of gold won .. 18,736 12 10
347,493 7 5
Less proceeds of sale, Midas and Champ d’Or
shares, applied in reduction of cost of acquiring
estates .. 518 16 6
————- 346,974 10 11
,, Sundry debtors... 1,783 16 5
,, Stores in hand 393 13 2
,, Furniture in manager’s house and oflice 341 17 10
,, Cash at bankers and in hand... 375 11 11
£349,869 10 3
Revenue and Eependiture Account for the year to June 30, 1894.
To Expenditure in London :— £ a. (1. £ 8. (1.
Directors’ fees, rent and salaries 761 0 0
Cablegrams, audit fees, printing, etc. 143 8 11
,, Expenditure in South Africa :-- —-— 904 8 11
Directors’ fees, management, rent and salaries 610 0 0
Stabling, advertising, printing, audit 470 8 0
Rent of mynpacht and licenses 442 14 0
General expenses, estate maintenance, etc. 446 17 0
Legal charges 409 2 2
'Ih'avelling and medical expenses 266 6 6
Bank charges, cablegrams, office, etc. 228 6 7
‘ Assaying 150 17 11
Depreciation of furniture 38 4 3
_— 3,062 16 5
Income-tax on profits, June, 1893... 61 7 1
Balance carried to profit and loss account 2,109 18 8
£6,138 11 1
£ 8. d.
By Licenses 5,684 15 10
,, Tribute, West Battery Mine... 200 0 0
,, Interest 176 15 3
,, Transfer fees 77 0 0
£6,138 11 1
VOL. I. P

mtg-15;;
'51»; _--1”‘.'\ /
210 IVITVVA TERSRAND MINES.

Profit and Loss Account for the year to June 30, 1894.
£ 8. J.
To Balance carried to balance-sheet 10,256 11 9

£10,256 11 9

£ 8. (I.
By Balance brought forward from June 30, 1893 8,146 13 1
,, ,, year ending June 30, 1894 2,109 18 8

£10,256 11 ‘9

MAIN REEF GOLD MINING COMPANY, LIMITED.

Formed in 1887.
CAPITAL——£135,000 in £1 shares; all issued and fully paid up.
Directors. _
C. S. GOLDMANN (Chairman), R. GOLDMANN, F. VON Hmssm‘, A. T. SCHMIDT, F. Mossx'rmn,
and S. CLAY.
London Committee. .
S. NEUMANN, M. LILIENFELD, and I. E. ABRAHAMS.
Acting Secretary and Head Oflice.
E. GRASSE, Johannesburg, Transvaal.
London Secretary and Ofiice.
JOHN SEEAR, 16, George Street, St. Swithin’s Lane, E.C.
Kimberley Transfer Agents.
Griqualand West Loan, Trust and Agency Company, Limited (J. POOLEY, Secretary).

CAPITAL CHANGEs.—Origiual capital £63,000, of which £48,000 was paid for the property.
5,000 shares were issued on flotation, and the remaining 10,000 were sold during the course of the
financial year 1887-88 for the sum of £11,159 17s. 6d. On November 30, 1888, the capital was
increased from £63,000 to £100,000 by the issue of 37,000 new shares, which were disposed of at a
premium of 108., thus supplying the Company with an additional working capital of £55,500, or a
total of £71,659 173. 6d. On February 2, 1889, the capital was further increased from £100,000
to £180,000 by the creation of 80,000 shares, which were handed over to the Alexandra Syndicate
in exchange for an amount of £25,000 in cash and the Syndicate’s other assets, consisting of a
section of the Alexandra mynpacht, equal to about 24 claims, together with other four claims,
known as Schultz’s block, containing a valuable water-right. In April, 1889, another block of ‘
19 claims on the south dip of the Main Reef mynpacht was acquired by purchase. On March 7,.
1890, the capital of the Company was increased from £18,000 to £300,000 for the purpose of'
acquiring the freehold of the whole of the Klein Paardekraal Estate, as well as other assets of the
Klein Paardekraal Estate and Gold Mining Company, including the sum of £5,884 14s. 7d. in
exchange for 102,500 Main Reef shares. Appropriation of £300,000 capital: Old Main Reef
Company, 180,000 shares; Klein Paardekraal Estate and Gold Mining Company, 102,500 shares;
H. Eckstein for portion of mynpacht No. 150, 12,500 shares; reserve shares, 5,000; total,
£300,000. During the financial year, 1891—92, 1,000 of the reserve shares were sold at 10s. 6d.
each, thus bringing the total amount of cash received by the Company up to £103,069 128. 1d.
On October 18, 1893, an extraordinary general meeting of shareholders resolved to reduce the
capital from £300,000 to £75,000, shareholders in the Main Reef Gold Mining Company receiving
one new share for every four old shares held by them. The capital was then increased by £60,000,
making the total capital of the Company £135,000. Of the 60,000 shares so created, 37,500 were
offered to shareholders in the Main Reef Company, in proportion to their respective holdings, at
par, the guarantors being bound to take up at par, within nine months, the whole or any such
portion of the 37,500 shares as were not taken up by the shareholders. The remaining 22,500 of
such shares were held under option, at par, to the guarantors. At the close of the financial year,
October 31, 1894, the issued capital stood at £111,500, with 23,500 reserve shares, the total amount
of cash supplied to the Company since its inception being £139,569 12s. 1d. The guarantors did
 WITWA TERSRAND MINES. 2II

not avail themselves of their option over the reserve shares, which in April, 1895, were issued
and offered to shareholders pro rate. at 258. per share. This raises the amount of cash supplied to
£168,944 128. 1d.
ACCOUNTS AND FINANCE—The accounts are made up annually to October 31 in'each year.
In consequence of the reduction of the capital, the accounts have been re-adJusted, 1n order to
allow for the decrease of capital. It was therefore decided to write off all development and
permanent mine works, to re-value machinery and buildings, and to devote the remaining balance,
after writing off those amounts, to reduction of property account.

Balance-sheet, October 31, 1894.

Liabilities. £ a. d. Assets. £ 0. d.
To Capital
Less reserve shares£135,000
23,500 By
,, Property
Machinery and
.. plant 71,200 0 0
32,816 10 5
,, Standard
Revenue,
vance
Estate, Bank—
Klein
received
Paardekraal
in ad- 111,500 0
150 0 O Buildings
,, Assurance
Stores
Live-stock
Furniture
on hand
premium and 5,300 0 0
220 0 O
105 O 0
2,462 2 11
‘Cash advanced 2,890 2 10 mynpacht, paid in ad
,, Sundry creditors 110 0 0 ,, Sundry
vance debtors 9911 3
2,158 4 1
,, Cash on hand 288 14 2

£114,650 2 10 £114,650 2 10

Profit and Loss Account, for year ending October 31, 1894.

Dr. £ 3. d. 01'. £ d.
cl?‘
To Mining expenses 13,139 18 7 By Balance from last account 5,074 3
,, Milling 4,767 4 9 ,, Shares cancelled upon r6
,, Mine development redemp- construction 222,000 0 0
tion . 6,849 15 9 ,, Revenue 3,398 15 5
,, Maintenance . 6,807 16 6 ,, Gold account—
,, Charges 3,444 11 3 Gold from mill—~
,, Lioenceszmynpach 316 6 8 £22,948 11 8
,, Interest .. . 1,301 19 10 Gold from tailings—
,, London ofiice 327 7 3 £1,693 2 9
,, Medical expenses 169 16 6 '—_——-' 24,641 14 5
,, Salaries 610 0 0
,, Amounts written ofi' on re
construction—
Property £159,455 5 5
Mine development and
permanent works
£37,760 0 11
Machinery and plant
£14,859 19 6
Buildings £5,143 0 2
Live stock £133 2 0
Furniture, surveying
instruments, etc.
£28 10 0
217,37918 0
£255,11415 1 £255,114 15 1
* Since the above date 23,500 reserve shares have been issued, realizing £29,375.
212 WITWATERSRAND MINES.

Comparative Statement of Net Profits and Losses made by the Company.

Period‘
- Re vegold.
nue from Revenue
other sources.
from Pr 0 fitmild.
n shares shares
Loss 231M 1i Profit Lcss'

£ a. d. £ a. d. f. a. d. £ a cl. 5.‘. a d. f. a. d.
Oct. 31, 1888 7,860 10 0 — 1,159 17 6 — — 2,798 1 11
,, ,, 1889 9,924 3 0 1,422 13 0 28,500 0 O —- 16,803 1 8 ~—
,, ,, 1890 254 14 6 4,482 16 10 —- — — 9,194 5 6,
,, ,, 1891 — 1,825 6 0 — —— — 4,767 6 1
,, ,, 1892 37,435 18 0 2,021 3 6 — 480 5 0 4,041 14 8 —
,, ,, 1893 16,498 12 2 3,494 14 8 — — 989 13 5 —
,, ,, 1894 24,641 14 5 , 3,398 15 5 — — — 5,074 5 3

The Company derives a large revenue, amounting to about £3,500 per annum, from stands and
licenses. The township, known as Maraisburg, is situated on the Compan ’s estate, as are also
the properties of the Aurora Company, the Aurora West Company, New Un' ed, etc.

Summary of Gold Production from Mill, Cyanide, and Concentrates.

Period ending. 515311;; (“222221. Yield. Value. Prgggzgigm Profit. Loss.

oz. £ 8. d. 51 s. 11. £ a. d. f, s. d.
Oct. 31, 1888 10 3,915'50 2,247'45 7,860 10 0 11,011 8 6 — 3,150 18 6
,, ,, 1889 20 9,716'00 2,572'40 9,924 3 0 22,654 13 4 -— 12,730 10 4
n n 1890 20 —- —- 254 14 6 -— _- .—
n 11 1891 _" '_ "' '_ "" _ '
,, ,, 1892 30 37,626‘25 10,927'73 37,435 18 0 34,934 11 2 2,501 6 10 -—
,, ,, 1893 30 13,114‘00 4,354'83 16,498 12 2 19,003 13 5 — 2,505 I 3
,, ,, 1894 30 25,607'“) 6,302'20 24,641 14 5 37,734 17 1 — 13,093 2 8

89,978‘75 26,404'61 £96,615 12 1:£125,339 3 6,£2,501 6 lO:£31,479 12 9

From this statement it appears that the net loss has amounted to £28,978 58. 11d., but the
cause is obvious. The serious losses of the periods ending October 31, 1888 and 1889, were due to
the inefficient stamping power. During the year ending October 31, 1892, the mill was kept
running for ten months, and a profit was made upon the operations. Subsequently development fell
behindhand, the grade of the ore was in consequence not maintained, and losses were again made.
With heavier development; and the necessary facilities for sorting the ore, a higher grade will be
obtained, and consequently there is every reason to assume that results in the future will be more
satisfactory. An analysis of the working costs and revenue for the ten months ending October 31,
1892, during which time the mill was running, shows the following averages :—
s. d.
Mining per ton 9 4611
Milling ,, 4 3216
General charges ,, 2 3961

Total charges ,, 15 11'788

Profit .. ,, 3 10993

Revenue . 19 10781

These charges might be reduced with more extended operations.

DascRIPnoN or THE PROPERTY—Th6 property consists of the freehold of the farm Paarde
kraal, No. 150, 1,816 morgen in extent, and includes two mynpachts of 50 morgen each, equal to
about 200 acres, known as the Main Reef mynpacht, and the Alexandra Occupation mynpacht, both
being on the Main Reef series. Johannesburg is 6 miles to the east. The length of Main Reef
series outcrop on the Main Reef mynpacht is about 3,000 ft., equal to 20 claims. The dip of these
claims, four rows deep, is secured by the mynpacht, and by 20 claims further south, which were
acquired by purchase. The Alexandra mynpacht consists of 24 claims, of which about 13 are on
the strike of the Main Reef series, and 11 to the south. Adjoining the mynpacht on its eastern
 WITWATERSRAND MINES. 213

boundary are the 4 claims comprising the Schultz’s block. The Main Reef series 1'11118 throughout
the whole length of both mynpachts. All claims outside the mynpacht are specially registered.
The water supply from the mine alone is ample, and is augmented by that from the water-right on
the claims situated on the vlei, and also from a water-right on the Juries Spruit, a source of the
Klip River. The roof area of mynpacht No. 130, and the ground owned by the Company to the
immediate south, represents about 60 claims. The Alexandra mynpacht represents about 20
claims, and added to each of these there are 4 additional claims. (For plan, see Volume III.)
MINING INTELLIGENCE—The reefs upon the property are the Main Reef, Main Reef Leader, and
the South Reef. The Company’s mine for convenience’ sake has been divided into two sections, the
western and the eastern section. The Western Section: This section has a length on the line of
the three reefs of about 2,000 ft., being about 1,000 ft. east, and 1,000 ft. west of the west main
incline shaft. This shaft was originally winze 8. It was turned into a main shaft—14 x 5 ft. inside
timbers, with double skip roads and pump-way—in May, 1892, and has now reached a depth of 835
ft. from surface. The levels are driven at the following depth :—
First level = 90 ft. from surface. Fifth level = 532 ft. from surface.
Second ,, = 191 ,, ,, Sixth ,, = 682 ,, ,,
Third ,, = 277 ,, ,, Seventh ,, = 830 ,, ,,
Fourth ,, = 400 ,, ,,
lst Level .' Has been stoped out, with the exception of the Main Reef. 2nd Level : Driven 900 ft. west
of west main incline, leaving 200 ft. still to be developed. The drive has been carried on the Main
Reef Leader. The drive on the South Reef has been carried on about 470 ft. west, leaving about
350 ft. still to be developed. Only a small portion of the Main Reef has been worked, particularly
between winzes 6 and 7, about 700 ft. east of the west main shaft. A good portion of the 2nd
level has been stoped. 3rd Level: The drives measure respectively 718 ft. and 653 ft. west and east
of the west main incline shaft. To the east of the 655-ft. drive 400 ft. are as yet undeveloped, and
west of the 718-ft. drive 300 ft., which would bring the drive up to the New Unified Company’s
boundary. Part of the Main Reef Leader has been stoped out. A cross-cut, 170 ft. long, was made
from the shaft to the South Reef, and driven 56 ft. east and 8 ft. west. No stoping was done here.
4th Level: Drives on the Main Reef Leader west of main incline shaft 510 ft., and east 160 ft.
The reef has improved in value in the level. It varies in width from4 in. to 23 in., and varies from
6 dwt. to 13 oz. per ton in value. The average assays are about 2% to 3 oz. per ton over a width
of about 8 in. 5th Level: Has also been drifted upon east and west of the shaft on the Main
Reef Leader. 6th Level: 106 ft. has been driven east of the shaft, and 97 ft. west of the shaft.
In the drive west of the shaft the reef has an average width of 4 in., and it assays at certain
points 101 dwt. and 114 dwt. to the ton. A series of about 30 assays give a value of 63'9 dwt.,
for 94 in. equals a value of 25 dwt. for 2 ft. of reef. 7th Level .' At this level a cross-cut is being
put in south from the main shaft to cut the South Reef. At the end of July, 1895, 54k ft. had
already been driven.
Development during the last year : Owing to the financial position of the Com any, and the
unsatisfactory returns obtained from the last few months’ crushings previous to the c osing down of
the mill, the board decided to confine all operations to proving the value of the reef in depth. Con
sequently all development work was discontinued, and work confined exclusively to sinking
the main shaft, which has now reached a depth of 830 ft., practically giving 4 levels of backs
above ready for stoping. The object of this policy was to avoid al unnecessary expenditure
in drifting on the upper levels, the value of which is known. What the board had in view
was to get down to a good depth, where the reef is in the pyritic zone proper, and likely to be less
disturbed, and at that depth to test the value of the Main Reef and Main Reef Leader, and in
putting out a. cross-cut about 160 ft. south to get at the South Reef and test its value at a depth
of 830 ft. The result of this policy has been satisfactory in so far as the reefs are shown to have
become wider in depth, and the average assays have considerably improved, which makes the
parties identified with the Company hopeful of re-starting the property as a paying proposition.
The main incline shaft, which has been carried down on the Main Reef, has been assayed every 6
ft. from a depth of 508 ft. The reef has a. width of from 18 in. to 3 ft., and varies in value from
11 dwt. to 4 oz. 19 dwt. From 645 ft. to 693 ft. the shaft, owing to a small dyke 3 ft. wide, is
continued on the Main Reef Leader. The reef for these 23 ft. varies from 6 in. to 12 in., and
assays from 8 dwt. to 9 oz. to the ton. The above goes to show that the reefs are inclined to
improve in depth.
Eastern Section .' This section is entirely worked from the Hanan Shaft. This shaft has the
same dimensions as the west main incline. It is sunk to a. depth of 257 ft. from surface on the
incline. At 3rd level, 138 ft. from surface, the east drive was carried on 271 ft., and the west drive
396 ft. ; but at both ends the reef gets disturbed. The 4th level was started and driven on east
53 ft. and west 43 ft., when development in this section was discontinued. Most of the South Reef,
2I4 WITWATERSRAND MINES.

which when worked was found to be the only payable reef in that section, has been stoped out at
3rd level. Great hopes were entertained of the value of the South Reef in this section. Going
down in a winze, the reef was exceedingly rich, showing gold freely; but in following it up in
depth it became poorer, and caused much disappointment.
EQUIPMENT.—The plant consists of a 50-stamp Sandycroft battery, with an engine capable of
driving 50 stamps. The two main shafts are equipped with serviceable head-gears, hauling and
umping machinery, ore-bins, waste-bins, sorting-floors, and stone-breakers. An electric pump
or supplying water for the mill has been lately added. The Company has a reservoir capable
of holding 250,000 gallons of water. The workshops and buildings are of a complete and per
manent nature. The Company does not at present possess cyanide works of its own, its tailings
having been treated by the Rand Central Ore Reduction Company’s No. 3 works on a joint account
basis.

MARIE LOUISE GOLD MINES, LIMITED.

Formed in 1895.
CAPITAL—£85,000 in £1 shares; all issued and fully paid up.
Directors.
E. BROCHON, Chairman (alternate R. DE BONAND), C. S. GOLDMANN (alternate W. Ann-z),
R. M. FINDLAY, J. ORNSTEIN (alternate P. DREYFUS), and M. SAMSON (alternate H. Lonw).
CAPITAL CHANGIB.—Originally £60,000, then increased to £85,000 for the purpose of acquiring
25 more claims for the 25,000 shares so created.
Appropriation :
To the old syndicate shareholders 14,000 shares.
,, the guarantors at reconstruction 34,000 ,,
,, working capital 12,000 ,,
,, owners of 25 claims 25,000 ,,
Total 85,000 ,,
DESCRIPTION or PROPERTY.-—The property consists of the 34 claims of the old Marie Louise
Syndicate and 25 claims immediately south of these, making 59 in all, situated on the farm Vogel
struisfontein, Krugersdorp District, Witwatersrand. There are about 14 claims on the strike and
outcrop of the Kimberley Reef series, the dip being 4 rows of claims.
WORKINGS.—A manager has just been appointed and work is now proceeding. One vertical
shaft has a depth of 121 ft., and 3 incline shafts are being sunk.
EQUIPMENT—Consists of a 10-stamp Sandycroft battery, with engine, pumps, head-gear at
main shaft, etc.
GENERAL REMARKs.—The Company owns two valuable water-rights. One adjoins the Vogel
struis Deep Gold Mining Company to the west, and the other is south of the Vogelstruis Deep.
The former covers an area of 2 claims, the latter about 5. The Company has applied for the
mining rights under the water-rights title, and the matter is under the consideration of the Volks
raad. lIf the mineral rights are granted, the Company will have two blocks of promising deep level
grounc .

MARIEVALE NIGEL GOLD MINES 8L ESTATE, LIMITED.

Formed in July, 1895.
CAPITAL—£300,000 in £1 shares ; 250,000 shares issued and fully paid up.
Directors.
H. J. KING (Chairman), 0. S. GOLDMANN, J. G. HAMILTON, STANLEY CLAY, and S. \V. JAMI-EON.
London Committee.
S. NEUMANN and T. MATESDORF.
Secretary and Head Oflicc.
S. WILLIAMS, Johannesburg, Transvaal.
London Secretary and Ofiicc.
JOHN SEEAR, 16, George Street, St. Swithin’s Lane, E.C.
CAPITAL—The Articles provide for conversion of the above £1 into £4 shares and the issue of
bearer shares. Capital, £300,000 in £1 shares; issued, 250,000; reserve, 50,000 shares. Purchase
price, 200,000 shares, while 50,000 shares were issued at £2, providing £100,000 of working capital.
 WITWATERSRAND MINES. 215

PROPERTY—The Company holds the freehold of the farm Marievale, formerly called Draai
kraal, having an area of 1,168 morgen (the extent of 1,850 claims). It is situated in the Heidel
berg district, Transvaal. The farm adjoins the farm Varkensfontein, on which are the Nigel and
other mining properties. Besides the freehold the Company owns on its farm Marievale :—The
Marievale Syndicate claims, including 20 claims on the reef on the adjoining farm Holgatsfontein,
120 claims. The Southern mynpacht, about 97 morgen, or about equivalent to 140 claims. The
Northern, or Crowder’s mynpacht, about 189 morgen, or about equivalent to 275 claims. The
Taylor and Despard’s Blocks, containing about 141 claims. Total, 676 claims. The werf, equal
in extent to about 265 claims. Outside of these areas about 1,000 claims are pegged out, from
which the Company receives a revenue through license payments. (For special plan, see Volume
III.)
GENERAL REMARKS.—Th6 farm contains the Nigel Reef. It is believed from repeated
examinations that at least 650 claims belonging to the Company are on the outcrop and dip of the
reefs. These 650 claims form one compact block, suitable for working on a. large scale, and as they
comprise all desirable deep levels, a long life is ensured. In November, 1892, Mr. Sidney Farrar
examined the block of 100 claims which forms the southern end of the property. There had been
sunk eight shallow shafts, four of which he examined with the following results :—
Shaft 1. Beef, 2.1: ft. at depth of about 40 ft. Average assay, 4 oz. 2 dwt.
77 ‘2' 77 77 77 77 H 77 77 1 77 7 77
77 3' 77 77 77 77 77 77 77 U H 77
77 4' l7 77 77 77 77 77 77 l 77 6 77

Leader '3
' 7) 77 77 77 77 77 ,, 5 ,, 12 77
The reef in shafts 1 and 2 has a slate footwall and a sandstone hanging wall, and is considered
to be the Nigel Reef. The reef in shaft 3 has a sandstone foot and hanging wall with a layer of
slate on the hanging wall. The reef in shaft 4 has a badly defined footwall of slate, and a leader
separated by sandstone, and a sandstone hanging-wall. These two Mr. Farrar considers to be
other distinct reefs. A recent report states :—“ The reef outcrops along the southern portion of the
east boundary. This boundary is almost in line with the strike of formation. The shafts visited
by Farrar have caved in, and a shaft is now being sunk in slate formation 75 ft. north of south
boundary. The reef becomes defined at about 55 ft., where the dip is 45° and the width 7 in.,
with a sandstone hanging wall and a slate footwall, as the Nigel Reef.” The greater part of
the farm is likely to be reef hearing. The average of a number of samples taken is 1 oz. 18 dwt.
5 gr. for 5} in. The value for stoping 2 ft. would be 8'38 dwts. The dip was 30°. Extensive de
velopment work is progressing, and the reef was struck in winze A at a depth of 73 ft. in August,
1895. A shaft is being sunk near the werf.

MAY CONSOLIDATED GOLD MINING COMPANY, LIMITED.

Formed in 1887.
CAPITAL—£275,000 in £1 shares; all shares issued and fully paid up.
Directorate.
En. LIPI’ER'I‘, Chairman (alternate T. W. CHAPLIN), R. G. FRICKER (Vice-Chairman), Gnoaos
FAHRAR (alternate W. DALRYMPLE), A. Gonnz, W. Ross, W. JOEL (alternate S. B. Joan),
A. EPLER, and J. FRIEDLKNDER.
London Committee.
E. J. Hussy, GEORGE H. RAW, H. KIMBER, M.P.
Berlin Committee.
DR. Jums Hus Scmmrz, BERNHARD DERNBERG, and DR. ALBERT W. KASTAN.
General Manager.
E. F. C OS'I‘ERLOH.
Secretary and Head Ofiioc.
A. E. PAGE, Johannesburg, Transvaal.
London Secretary and Ofilce.
IJIDYD \VARREN, 4, Lothbury, E.C.
Berlin Secretary and Agency. _
F. O. BURGER, Deutsohe Treuhand Gesellschaft, Behrenstrasse 9, Berlm W.
CAPITAL Cameras—The Original capital of the May Company was £22,000, which was increased
#0 £30,000, and again in October, 1888, to £40,000. In March, 1889, this Company sold its assets
216 WITWATERSRAND MINES.

to the present one, which, together with the Annie block, forms the May Consolidated Company.
The capital was then increased to £450,000, distributed as follows: Shareholders of old May Com
pany, 150,000 shares, together with 30,000 bonus shares, 250,000 shares in exchange for Annie block
and £50,000 cash; 20,000 shares held in reserve. In July, 1894, the capital was reduced to £275,000,
apportioned as follows: 193,500 shares to old shareholders (old capital issued, £430,000), being 9
new shares for every 20 old ones; 43,000 shares for subscription at par, with prior right to the
shareholders to provide working capital; and 38,500 shares held in reserve, with the option to
the guarantors of the issue to take up 28,500 shares at par within 12 months. On December
31, 1894, the total issued capital of the new Company amounted to £242,500, the reserve
shares to 32,500. Since then the balance of the shares under option, viz. 22,500, were taken up by
the guarantors at the option price, giving the Company a further £22,500 working capital ; and the
remaining 10,000 shares were sold in July at, it is believed, 3}.

ACCOUNTS AND FINANCES. —- Accounts were formerly made up half-yearly to May 31 and
November 30, respectively, but it has been lately decided to close the accounts at the end of the
calendar year, and therefore the last accounts to hand are to December 31, 1894.

Extracts from balance-sheet and profit and loss account as at December 31, 1894 :—

Balance-sheet.

Liabilities. £ 8. d. Assets. £ 8. d.
To Capital account 275,000 0 0 By Claims 178,126 10 6
Less shares still to be taken u ,, Main shaft “May” 1,(X)0 0 0
under option at par to guaran- ,, Incline shaft 5,640 4 9
tors of new issue, 22,500; re- ,, Buildings 8,199 19 11
serve shares, 10,000... 32,500 0 0 ,, Battery plant 9,2(1) 16 8
- ,, ,, reservoir 340 0 0
£242,500 0 O ,, Cyanide plant No.1 4,342 11 1
Fractional shares account 928 2 6 ,, ,, ,, No. 2 3,367 0 0
Sundry creditors 5,796 6 3 ,, Electrical pumping plant 496 19 0
Balance 11,698 16 3 ,, Rock-drill plant 3,939 0 10
,, Machinery and plant 9,242 9 6
,, Tramways 1,208 7 9
,, Water dam 304 19 0
,, \Vater rent paid in advance 375 0 0
,, Fireinsurance ,, ,, 92 19 5
,, Accident ,, ,, ,, 65 8 6
,, Sundry debtors 357 10 0
,, Stores on hand 3,329 16 'Z
,, Ofiice furniture 323 6 11
,, Livestock 162 0 O
,, Cart and harness 30 0 0
Shares Account :—
Chamber of Mines debentures 300 O 0
Band Mutual Assurance Com~
pany 345 0 0
Gold in transit 2,787 10 6
Loan account... 20,260 5 6
Cash at bank, Johannesburg 5,765 13 7
Cash at mine office 44 15 5
Cash at London office 1,265 4 1
Cash at Secretary’s office,
Johannesburg 9 15 6

£260,923 5 0 £260,923 5 0
 ---._.
U “I
“Zr-tr L'i." ,~ I .
("r 11."; "UN

FIVE-‘Heir r1.
0‘ .
CAuFoaNi§-_/
WIT WA TERSRAND MINES. “ ' " 217

Profit and Loss Account for seven months to December 31, 1894.

Dr. £ .9. 9~ 01'. £ 8. d.

To Assay of’fice charges 224 1 Hr— \‘IPQDFCD NQiIFUQC'JCU‘HC‘
1-4 By Balance at May 31, 1894 6,712 9 11
Cleaning N0. 7 dam 47 7 ,, Gold won 57,129 8 10
General charges 1,265 14 ,, Rents
Interest
collected 260 5 6
~sv. _ . ~,_.uq-‘ Berlin and London agenci GS 853 14 641 10 0
Maintenance charges
Professional account 2,397 6 ,, Transfer fees 106 3 6
Quq Qq a~u-6 659 0
Cyanide expenses 487
Medical...
Fire insurance 99
168 3
Pumping station 796 5
Rents and licenses 305
Removing machinery . . . 34
Salaries . . . 1,716
Tailings retaining dam 28 1
Transport of quartz 823
Mill expenses
\Vorking expenses z-m 6,042
£ 8
Mine development 6,496 10 10 1
Mine expenses 24,226 2 4 l
30,722 13 CN)
OOQO
CD
,, Sand and slimes re-purchased 2,334 2
Excess mine development (rock
drilling written off) 3,633 3
,, Balance ". 11,698 16
£64,849_17 £64,849 17 3
The net profit for the seven months ended December 31, 1894, amounts to £4,986 63. 411., but
considering the amounts written off for tailings re-purchased and excess of mine development, the
actual profit is more than double the amount.

Revenue, Profits and Losses made for the last five years.

Revenue l Increase of
Period. , Gold Account. from other quartz at Conggigmms Tailiugs sold. Losses. Profits
‘ sources. grass. '

| £ 1. d. s: 6.1M s: 1. a. s a. d. 12 a. d.l s: 1. d. s: a. d.
Feb. 12 toMay31,1889 13,064 7 5 12,160 o 0 7,696 6 11
Year toMay 31, 1890 ...1 35,057 18 2 2,251 19 0| 138 0 0 3,666 9 1
Half-year to Nov. 30, 1890‘ 24,814 15 2 202 12 6 5,280 0 0 5,896 4 8
,, mMay31,1891...,‘ 45,675 15 10 195 0 2 4,875 10 5
,, toNov.30,1891---; 52,853 10 11 289 6 11 2,457 9 9
,, to May 81,1892“, 58,831 19 11 148 10 0 1,555 10 0 14,048 15 10
,, toNov.30,1892... 44,138 11 10 187 11 0 417 0 0 87 16 6
,, toMay31,1893...| 48,774 16 9 489 17 6‘; 829 11 6 10,000 l, 5,134 4 7
,, toNov.80, 1893 44,941 2 8 815 8 n‘ 640 4 7 750 4,500 14 9
,, toMay 31,1894... 45,967 14 8 461 15 01 216 14 2 2,834 12 11
7monthstoDec.81,1894... 57,129 8 10 1,(X)7 19 0; 4,986 6 4

Totals |452,770 1 9 5,549 18 69,550 10 0 1,186 10 8 10,750 16,971 5 $189,213 6 6

1 I

Remarks on Profits Made: For the half-year ended May 31, 1892, the loss of £14,048
158. 10d. is explained by writing off the whole of the mine development account, standing
at that time at £30,091 189. 1111., otherwise the account would have shown a net profit of
£16,043 36. For the half-year ended May 31, 1894, a. further heavy amount for depreciation
(£12,383 108. 1d.) was written 06', showing therefore an apparent loss of £2,83412s. 11d. The
assets of the Company have been written down to a very low amount.
218 W! I WA TERSRA ND MINES.

Recapitulation. £ 8. d.
To Revenue from gold account to December 31, 1894 452,770 1 9
,, ,, ,, other sources 5,549 13 6
,, ,, Increase of quartz on hand 9,550 10 0
,, ,, ,, Concentrates sold 1,186 10 3
,, ,, ,, Tailings sold 10,750- 0 0
December 31, 1894. Total revenue since milling operations were started 479,806 15 6
Revenue since :— '
January, 1895, from gold account 12,210 15 0
February ,, ,, .-. 13,990 3 0
March ,, ,, 14,447 18 7
Total Revenue to March 31, 1895 £520,455 12 1
£‘ T s. c;_—

Profits made up to December 31, 1894 39,213 6 6

Less losses made during same period 16,971 5 3
Balance of profit on December 31, 1894 22,242 1 3
Profits made during January, 1895 4,222 16 1
,, February ,, .. 6,468 4 9
,, March ,, 6,005 19 3
£38,939 1 4
Less dividend No. 1 declared 10 per cent. on £26,500, being the amount of
capital issued .. 26,500 0 0
Balance of profits on hand on March 31, 1895 £12,439 1 4

Before arriving at the dividend-paying stage the Company went through a good deal of
financial trouble. A loan of £30,000 was raised in 1890 from the Anglo-French Exploration
Compan , for which a bond was passed on the property. This loan was taken over, in 1891, by the
Nationa Bank at a lower rate of interest, and was reduced in the first half-year of 1892 by
£13,000. The balance of £17,000 was met by advances, received under contract, from the African
Gold Recovery Company. This contract was cancelled owing to certain difliculties intervening,
and the advances had to be refunded. The Company finally managed to meet part of the debt
during the latter part of 1892, leaving a balance of £11,000 in bills payable, which were paid
off during the half-year following. With the reconstruction of the Company, in 1894, a more
prosperous time has set in, the new arrangement giving it a working capital of £43,000 and 38,500
reserve shares, which have also been taken up, thereby providing a further sum of £63,500. On
December 31, 1894, £57,500 of this latter sum was not paid up; yet the Company had more
than £30,000 in cash in hand, of which £20,000 had been placed on fixed deposit. Since then the
Company has had £50,000 of cash, which is ample to meet the expenditure for all the new works
and to push mine development well ahead.
DlVIDENDS.—10 per cent. (£26,500) declared in March, 1895; 10 per cent. (£27,500) declared
in September, 1895.
PRODUCTION AND Cosh-Crushing was commenced with a 10-stamp battery, to which in the
first half-year of 1889 another 10 heads were added, 15 altogether being at work at May 31,
1889. Crushing was at first carried on under great difficulties, the water supply being altogether
inadequate to the requirements. After prolonged negotiations the Company succeeded in leasing a
valuable water-right from the Witwatersrand Gold Mining Company, sufiicient for the supply
of 150 stamps. A subsequent agreement with the Glencairn Company secured to it part of
the water, in consideration of which that Company contributes its pro rata share of the cost of
pumping plant, rent and pumping expenses. The original 20-stamp mill was erected at some
distance from the mine, while the new 50-sta1np mill was erected near the mine during 1890,
and put to work towards the end of that year. During the half-year ended November 30, 1892,
the old 20-stamp mill was leased to the African Gold Recovery Company, under an agreement
entered into with that Company for the special treatment of some rich pyritous ore from the May
Mine. The ore, however, did not come up to expectations, and the agreement was cancelled, this
Company taking back the ore and the tailings previously sold under the said agreement. The
20-stamp mill was then taken down and merely used for maintenance purposes for the new mill.
A further addition of 30 stamps was made to the new mill, these new stamps starting on April 11,
1895. The tailings having been sold at first, the Company decided on erecting its own re-treatment
 WITWA TERSRAND MINES. 219

works, and for that purpose purchased the plant of the May Tailings Syndicate, together with the
tailings previously sold to that Syndicate. With this plant the Company continued to obtain good
results, while the new plant, capable of treating 6,000 tons per month, was in course of construction
under contract by the Rand Central Ore Reduction Company, the Siemens process being adopted.
The following table gives the detail of the production and cost since the beginning of the
year 1889:—

.llill.

-
Period. St . mp8 crughzd.
T ilTotal y leld'
. Y’1eton.per
1a v“(Eli-peg
1 Profit
Cost per ‘on’ per ton

oz. oz.dwt.gr. £ a. d. i£ a d I d
February 28 to May 31, 1889 15 2,250 3,750 1 13 8 I
Year to May 31, 1890 20 14,992 10,040'65 13'39
Half-year to November 30, 1890... 20 9,460 6,272'30 1326 2 6 5 ‘ l 6 7} 19 9Q
,, to May 31, 1891 70 27,047 12,532'15 9'26 1 13 93 1 7 6i 6 3
,, to November 30, 1891... 70 36,566 14,165'50 7'75 1 8 8 11 5 7} 3 0%
n to May 31, 1892 70 38,179 15,887'14 8'32 1 10 9820 17 7'93 13 1'89
,, toNovember 30,1892... 50 28,889 11,770'12 8'15 1 10 6 10 18 10 11 8
,, to May 31, 1893 50 29,(H) 13,287 9'16 1 l3 7 i1 3 2'83 10 4'17
,, to November 30,1893... 50 31,048 12,357'65 7'96 1 9 0'37 f 1 0 9'77 8 2'60
,, to May 31, 1894 50 32,350 12,564'55 7'77 1 8 1'90, 1 2 5'64 5 9'26
7 months to December 31, 1894 50 44,165 14,952'75 6'77 1 4 6'55 , 1 1 1 3 5'55
January, 1895 50 6,520 2,334 7'16 1 5 11'43 1 0 0'(B 5 1135
February,
March, 18951895 v 50
50 6,(B4
6,400 2,485'31
2,618'56 8'17
8'18 11 99 1'2 ,\11 00 11876
7'96 2224 88 1097
8'084
_, ___, ___ _fl __ |
Totals 312,950 137,017‘68 8756 !

Cyanide Works.

Period. Tons treated! Total yield. iYield per tomiValue 1X1‘ ton], Cost per ton. :Profit per ton
__ a ___ A m ‘ ' ' r g
1 oz. dwt. a. d. s. d. I a. d.
December, 1894... 1,615 26073
January, 1895 ...» 5,320 1,250 4'69 14 1'17 5 6 ll 8 7'06
February, 1895... ...‘ 5,320 1,660'30 6'24 18 8'67 4 904 13 1163
March, 1&5 .. 5,035 1,608'50 6'39 19 2'01 6 10128 12 388

Totals... ...|, 17,290 4,779'53

l 5528 [ i I

The May Consolidated Mine gives a regular yield, as in taking the averages for each year, in
only one instance the yield has decreased by little over a dwt., while the other averages are very
close together, as shown by the following figures :—
May 31, 1891 9'26 dwt.
November 30, 1891 ,, i, 850d“ t‘
Ma 31,1892 1892
Novyemberao, -
s15 ,,,, y _
806 a
May31,1893 9'16 ,, } 85,,
November 30, 1893 7'96 ,, ”
May 31, 1894 7-77 ,, } 72.,
December 31, 1894 6'77 ,, 1’
(7'16 ,, 1
First quarter, 1895 I 8'17 ,, 7'83 ,,
(818 ,. 5
The mine is put down as yielding 8 dwt. regularly from the mill, and from 4 to 5 dwt. by
cyanide treatment of the tailings. The average yield from all sources is therefore 13 dwt. Since
220 WITWA TERSRAND MINES.

1894, the rock has been more pyritic, and the tailings richer, also the ore harder. Notwithstanding
this the duty per stamp has been increased from year to year, as here shown :—
lst half-year, 1891 2} tons per stamp per day.
2nd ,, 1891 3 ,,
1st ,, 1892 3'42 ,,
2nd ,, 1892 3'50 ,,
1st ,, 1893 3'68 ,,
2nd ,, 1893 3'62 ,,
1st ,, 1894 3'82 ,,
2nd ,, 1894 4-25 ,,
lst quarter 1895 4'40 . ,,
The working expenses, without taking into account mine development, compare favourably
with those of other mines, as will be seen from the following figures :—
£ a. (1. £ a. (L
1st half-year, 1890 1 16 3% 1st half-year, 1893 0 19 2}
2nd ,, 1890 1 0 1 2nd ,, 1893 0 17 0*
1st ,, 1891 1 1 1% 1st ,, 1894 0 17 6%
2nd ,, 1891 0 19 7} 2nd ,, 1894 0 17 8
1st ,, 1892 0 17 8 1st quarter, 1895 0 17 5
2nd ,, 1892 0 18 10
DESCRIPTION OF THE PROPERTY.—Th6 original property of the May Company consisted of 12
outcrop claims only, until the amalgamation with the Annie block took place, giving the Company
12 more outcrop claims adjoining the 12 held by the old Company, and 36 dip claims; 24 more
claims are held to the north of the reef. The whole area of the Annie block is 72 claims, or 100
acres, held as a part of the Witwatersrand Gold Mining Company’s mynpacht under a. mynpacht
brief. The other 12 single claims of the old May Company are specially registered. The whole
extent of the claims is about 3,600 ft. along the strike of the reefs, the dip being one single claim
(400 ft.) for half of that distance, the other half being 4 claims deep. The property is situated on
the East Rand, between the New Primrose to the west and the Glencairn Company to the east,
about 12 miles from Johannesburg. (For plan, see Volume III.)
MINING INTELLIGENCE—The property is exploited by means of two shafts sunk on the Annie
and May sections of the property. May Shaft: This shaft is sunk vertically to the 3rd level
at 245 ft., and continued on the incline to the 5th level to a further distance of 276 ft. Main
Incline: Is sunk on the centre of the Annie block to the 5th level at 640 ft.; size, 16 ft. x 5 ft.,
divided into 3 compartments—2 winding ways and 1 pump- and ladder-way. The ore in both shafts
is mined from the North Reef and from the Main Reef. North Reef:—
1st and 2nd levels are exhausted.
3rd level, one-fifth has been mined. It is estimated that there re
mains a further quantity of ore of . 107,786 tons.
4th level; practically intact 154,285 ,,
5th level; practically intact 155,000 ,,

Total remaining in the mine 417,071 tons.

llIain Reef: On the Main Reef a certain quantity of ore has been treated. It is, however, esti
mated that a further quantity of payable ore, amounting to 288,000 tons, remains to be extracted.
EQUIPMENT.—May shaft is fitted with a wooden head-gear, 40 ft. high; 6-in. Cornish pump,
driven by one 16 h.p. Ruston & Proctor pumping engine. Winding: 16 h.p. Marshall winding
engine, steamed by two 20 h.p. locomotive Marshall boilers. Main Incline: Head-gear, 45 ft.,
constructed of pitch pine. At head-gear is placed the sorting floor, where the ore is passed on
grizzlies, washed and hand-sorted, and delivered to two No. 5 Gates’ crushers, driven by one 20 h.p.
Marshall compound engine. Winding: 16 h.p. Marshall geared winding engine. The whole
of the plant at main incline shaft is steamed. Boilers: Three Ruston & Proctor multitubular
boilers, 100 h.p. each, one Babcock & Wilcox, 106 h.p. Compressor : One Ingersoll-Sargeant 20
drill plant. Light: One 40 h.p. Williams’ direct acting engine drives the dynamos to light the
surface works and mine. Workshops : One 12 h.p. Marshall engine steamed from boiler-station
at main incline. This shop is fitted with lathes, screw and drilling machines, steam hammer,
wood lathe, circular saws, etc.
Mill: This plant consists of 80 Sandycrof't stamps, 1,050 lbs. each, driven by one 200 h.p.
Marshall horizontal engine; this engine also drives two double acting 12 x 15 in. plunger pumps,
 WITWATERSRAND MINES. 22!

lifting the tailings to a height of 65 ft., and delivering them at a distance of 350 ft. into the vats.
One 20 h.p. engine drives the dynamos and pumps required for the Siemens & Halsko process;
one small Tangye vertical engine drives the dynamos for lighting the mill, engine-house, etc.
The above plant is steamed by two Easton &. Anderson 80 h.p. boilers, and two Babcock & Wilcox
106 h.p. boilers. Old Cyanide Plant: This plant treats only accumulated tailings, and will be
removed as soon as these tailings are exhausted. The treatment is done by the McArthur
Forrest process. The plant consists of nine 95-ton vats (leaching); four solution vats, four
extraction zinc boxes; one 3-in. centrifugal pump for pumping the solutions to the leaching vats.
New Cyanide Works for Double Treatment: For the new cyanide works the tailings will be
delivered by means of the pumps above referred to into spitzkasten at a height of 48 ft., and from
these gravitated into the vat immediately below. These vats are raised above ground. After being
submitted there to a short treatment, the pulp will be transferred to a second set of vats ‘placed
lower down, where the treatment will be completed. The plant consists of four raised vats, 200
tons capacity; six lower vats, 200 tons capacity; four 45-ton vats for treatment of fine sands
separated from the slimes ; four solution vats, four Siemens &. Halske extracting-boxes, three centri
fugal pumps for water and solutions, one motor to generate electricity for the extracting process,
and also to drive the pumps.
Water Service: Water is obtained from the Company’s dam, 2,600 feet from the mill’s reser
voir. The dam has a capacity of 20,000,000 gallons. Pumping is done by three slow horizontal
plunger pumps driven by electricity, the current being obtained from dynamos driven by one 80 h.p.
\Villiams engine.
Mechanical Haulage: The ore is conveyed from the mine to the mill by mechanical haulage
driven by the mill’s engine.
GENERAL REMARKs—The financial position of the Company is now a sound one. Machinery,
plant, and development have been written down to a point below present actual value, for which
purpose £25,000 has been appropriated. On December 31, 1894, the cash in hand amounted to
£35,000, while £17,000 had still to come from option shares, giving the Company more than
£50,000, apart from the 10,000 reserve shares. As already stated, these 10,000 shares have since
been sold for £32,500. The Company’s equipment is good. The cyanide works are constructed
on the latest principles, the Siemens-Halske process being adopted. The plant was erected by the
Rand Central Ore Reduction Company, and is under its charge for a year. Working expenses have
been brought down to a fair figure, and the development having been rapidly advanced, better ore
is now being sent to the mill, and an increase in the yield per ton has already been the result for
the last few months.

METROPOLITAN GOLD MINING COMPANY, LIMITED.

Formed in 1887, and re-formed in 1891, 1893, and 1895.
CAPITAL—£165,000 in £1 shares ; all issued and fully paid up.
Directors.
An. Gonsz (Chairman), Gso. ALso (alternate Lno ALBU), RICHARD Kas'r (alternate
A. BRAKHAN), F. MOSENTHAL, and A. EPLER.
London Committee.
HAROLD SMART, and ALFRED H. MXRKER.
Berlin Committee.
KARL SCHRADER, BERNHARD Daassunc, and DR. A. W. KASTAN.
Secretary and Head Ofice. '
J. V. BLINKHORN (P. O. Box 764), Johannesburg Stock Exchange Buildings, Johannesburg.
London Secretary and Oflice.
H. MILITZ, 120, Bishopsgate Street, E.C.
Berlin Ofl'ice. _
Deutsche Treuhand Gesellschaft, Behrenstrasse No. 9, Berlln W
CAPI'I‘AL CHANGEs.——Originally £20,000. The capital was increased to £32,000 in 1888, and
to #507000 In 1890- In February, 1891, the Company was reconstructed with a capital of £55,0(X),
which was increased to £70,000 in November, 1891. In 1893 a second reconstruction scheme took
222 .IVIT WA TERSRAND MINES.

place, by reducing the capital from £70,000 to £35,000, and then increasing it to £100,000, and each
shareholder received one share for two old; viz. 35,000 shares. 35,000 shares were ofl'emd to the
shareholders at 228. 611., but only 223 were subscribed, and 39,777 shares were thereupon taken up
by guarantors (Messrs. Albu) at par. In consideration of this guarantee of 40,000 shares at 208.,
the guarantors had the option to purchase 15,000 of the 25,000 reserve shares, at 228. 6d., until
June 23, 1894; and Messrs. Ad. Goerz & Co. had an option at par until June 24, 1894, as regards
the remaining 10,000. These options were not exercised. Messrs. Ad. Goerz & Co. thereupon
granted a loan of £40,000, and in consideration therefor an option at par over the 25,000 reserve
shares was given to them irom April 23, 1894, to March 23, 1895, of which 5,000 were taken u on
September 29, 1894. On January 18, 1895, the capital of the Company was increased In
£100,000 to £165,000, for the purpose of purchasing additional claims, paying off the Company’s
debts, and having a cash balance for future requirements. Of the 65,000 shares so created, 14,000
fully paid shares were given to the Rand Mines, Limited, in exchange for 7 claims ; 30,000 shares
were offered to shareholders at 308. and guaranteed; 4,300 shares were offered to Band Mines
at 30s.; 700 shares were offered to Ad. Goerz & Co. at 308. ; 3,500 fully paid shares were offered
to Ad. Goerz &. Co. in consideration of guaranteeing 34,300 at 308., and 12,500 shares are held
in reserve. Total £65,000. The issue of the above shares gives the Company £52,500. Of this
amount £22,500 was required to pay 011' the debts of the Company, and £5,000 for the purchase
of one claim from the Henry Nourse, leaving the Company with a cash balance of between £25,000
and £30,000, besides 12,500 shares held in reserve.
ACCOUNTS AND FINANCPB.——The accounts are issued annually, are made up to September
30, and are generally submitted to shareholders in December. In August, 1893, the Company
was reconstructed, reducing the capital from £70,000 to £35,000, and thereupon increasing it to
£100,000. Of the so created 65,000 new shares, 40,000 shares were subscribed at par, leaving 25,000
in reserve. The £40,000 raised went to repay the loan of the South African Trust and Finance
Company, amounting to £35,138 38. 6d. In order to develop the mine, further funds were required,
and £40,000 was supplied by Messrs. Ad. Goerz & Co. Financial position September 30, 1894:
Company in debt about £42,500; less 20,000 shares in reserve under option at par, £20,000 ; leaving
the Company about £22,500 in debt. Under the reconstruction the Company received £52,500,
which left it about £30,000. During the year September, 1893, to September, 1894, the revenue
from gold account amounted to £31,594 38. 9d., whilst the actual expenditure was £44,855 23. 9d.,
leaving a loss on the year’s working of £13,260 19s., exclusive of £50 written off for depreciation.
The year‘s mining operations from October 1, 1892, to September 30, 1893, resulted in a loss of
£11,100, no allowance for depreciation being made.

Balance-sheet items September 30, 1894.

Liabilities. £
Assets. £
Capital £100,000; less reserve, £20,000 Claims 80,000 35,000
A. Goerz & Co. 40,000
Permanent works shaft... 7,092
Creditors, etc. . 4,600
Battery, engine, etc. .. 10,630
Air compressor, plant, etc. .. 31,000
Buildings 7,909
Mine development 11,248
Balance-discount, profit and loss account 15,777
Cash in hand .. 1,201)
Profit and loss account items, September 30, 1894—Revenue: Gold realized, £31,594 38. 9d. Ex
penditure : Mining, £19,756; milling, £7,354; mine development, £4,580 etc. ; total mining expenses
£46,088, leaving a loss of £14,494.
WORKING Expenses AND REVENUE.—During the twelve months ending September, 1894,
24,219 tons of ore were crushed, yielding 8,315 oz. 10 dwt. The following table gives the monthly
working cost per ton, less interest and redemption, as also the value of yield per ton, exclusive of
concentrates.

1898. 1894 1894. 1884. 1894. 18M. 1894. 1894. 1804. 1%

December. January. February. March. April. May. June. July. August. Sept.
0711“ WW '1: a. d. ,2 I. d. .e 1. a. e I. a. £1. a.
2.. d. 811.11. BLE- eaa. 21.4.‘
Workin cost exclu
IiVB 9 l'QdQmPUOD l 14 8 ,1 l3 2 1 18 8 1 ll 8 l 5 4 1661211102 107 119
vim! mier'eiii 1 '
ans 0 yw elcu- . - . , ,- . .-- . I - ~~ - 1 - 4‘
give ofconcenmwL}018 06011 31033,1 / 105 1 4 2 11,1 5 401-1 6 031,1 4 8 141 4 8 6 ,1 6 402,1 8 4 Go
 WITIVA TERSRA ND MINES. 223

. rter d
The average cost of working per ton and revenue 15 as follows : “2., 18921
For the year ending September, 1894. £ a. d. f. a. 0!.
Mining, hauling, and transport 0 16 3'77 0 12 2'04
Milling 0 6 0'88 0 4 6'19
Maintenance 0 3 9'36 0 2 8'64
General expenses (exclusive of interest) 0 3 4'91 0 1 5'28
Development 0 5 2'28 0 4 0
Total working expenses 1 14 9'20 1 4 10'15
Value of gold . 1 4 7'34 1 5 11'88
Value of concentrates 0 0 9'60 0 1 0'48
Total 1 5 4'94 1 7 0'36
Balance, loss 0 9 4'26 0 2 2'21‘
* Balance profit.
The loss of 9s. 4'26d. per ton is principally due to scarcity of Kaflir labour at the beginning of
the year. In the latter part of the year the grade of the ore improved, and working expenses
were reduced.
GRADE or THE ORE—During twelve months ending September, 1892, 22,259 tons (2,240 lb
to the ten) were crushed, yielding :—
Plates, 5,948 oz. 5 dwtsequal to 5'34 dwt. per ton.
Concentrates, 832 oz. 19 dwt. equal to 0'74 ,, ,,
_ _ 6'08 n n
Average assay value of tailings... 4'17 ,, ,,
Total... 10-25 ,, ,,

During 1894 the grade of the ore gradually improved, which is principally due to the better
sorting arrangements. The following table shows the proportion of ore mined to the ore milled, the
waste rock sorted out accounting for the difference.
Tons mined. if i‘; V—A # B

u-_ 4 fi»*—*' Tons

Month’ '
South Reef.‘ Miiigdigd Total. T9115
m‘ued' sorted
out P"
m" G md9.

Beef.

dwt.
December, 1893 541 1,179 1,720 1,670 50 29 4'99
January, 1894 477 1,188 1,665 1,615 50 3 6'37
February ,, 717 824 1,541 1,441 100 6'5 7'43
March ,, ... .. . 1,665 839 2,504 2,336 168 6'7 6'46
April ,, 1.214 1,156 2,370 2,194 176 7'4 7'09
May ,, . .. . .. 1,373 1,603 2,976 2,535 126 42 7'23
June ,, 1,440 1,543 2,983 2,771 212 7'1 6'77
Jnly ,, ... ... 1,879 1,816 3,695 3,375 320 8'6 6'52
August ,, 2,272 1,157 3,429 ' 3,220 209 6'1 7'57
September ,, 2,075 1,526 3,601 3,062 539 149 7'88

Totals 13,653 12,831 26,484 24,219 1,950 7'4 6'87.

* This yield is exclusive of concentrates.

Ore mined. Ore milled. Yield per ton.

October, 1894 3,455 3,455 tons. 7'46 dwt.
November ,, ~ - 3,520 ,, 7'63 ,,
December ,, ... ... ... —" 4,201 n 7.81 H
224 IVITWA TERSRA ND MINES.

DESCRIPTION OF THE PROPERTY.—The property consists of 41 claims which are in two blocks.
The Eastern Block contains 17 reef bearing claims disposed as follows: on the first line or outcrop,
2 claims; on the second line, 7 claims; and on the third line, 8 claims. These claims are separated
from the western block by the Doornfontein Mint Gold Mining Company’s 2 claims. The Western
Block contains 24 claims located as follows: On the first line, 6 claims; on the second line or first
dip, 6 claims; on the third line, 5% claims; on the fourth line, 6 claims. In the western portion
of the mine the length of outcrop is 900 ft., and the average widt 1,350 ft. In the eastern section
the reef outcrops for a length of 300 ft.; while below the first dip the lateral extent is 950 ft., and
the width about 900 ft. (For plan, see Volume III.)

TECHNICAL INTELIJGENCn—(a) Reefs: Two reefs are being worked, the South Reef and
Main Reef Leader. (b) Width of Reef: Middle Reef or Main Reef Leader varies in size from
2 to 4 ft. Stoping width can be taken as 2 ft. 6 in. South Reef varies from a few inches to
39 in. Stoping width can be taken at from 2 ft. to 2 ft. 6 in. Main Reef, 3 ft. (0) Dip of the
Reef: At surface 64°, at second or 200 ft. level, 55%; at third or 300 ft. level, about 48?. (d)
Assay value of Reefs : On third level the South Reef has a value of 35 dwt. for a width of 2 ft.
6 in., over a distance of 450 ft., and the Middle Reef about 14 dwt. for 2 ft. 9 in., for a distance
of 650 ft. The Main Reef where cut varies in value from 14 dwt. to over 1 oz. over a width of
3 ft. (0) Orc Reserves: At September 30, 1894, these stood as follows :—South Reef: Above
first level, 1,500 tons; above second or 200 ft. level, 7,800 tons; above third or 300 ft. level,
4,200 tons = 13,500 tons. Middle Reef: Above 200 ft. level, 2,200 tons; above 300 ft. level,
4,900 tons = 7,100 tons. Main Reef: Above 200 ft. level, 17,000 tons; above 300 ft. level,
18,000 tons =35,000 tons. Total ore developed, 55,600 tons. There are also 7,200 tons of Middle
Reef developed which are not reckoned payable. In the above calculation the South Reef is taken
at 2 ft., the Middle Reef at 2 ft. 6 in., and the Main Reef at 4 ft. At present the monthly
quantity of ore crushed is about 3,500 tons.

MINING INTELLIGENCE (to June, 1895).—The Main Reef, Middle Reef, and South Reef are
mined by means of one shaft sunk on the western portion of the property to a vertical depth of
250 ft., continued on the incline to a further depth of 300 ft. The average dip of the reef is 51°.
4 levels have been sunk.
Tons.
No. 1 Level is exhausted on the Main and Middle Reef; of the South
Reef, there remain in sight 6,000
No. 2Level in sight on Main Reef 10,000
,, ,, ,, ,, Middle Reef 7,500
,, ,, ,, ,, South Reef 11,000
No.3Level ,, Main Reef 16,000
,, ,, ,, ,, Middle Reef 8,000
,, ,, ,, ,, South Reef 5,000
No. 4 Level is now being developed Total ore in sight 63,500

It is estimated that up to and including the 4th level, now being developed, and after
deducting the amount of ore in sight, there still remains in the mine a quantity of 500,000 tons
(approximately) to be mined. The ore of the various Reefs has for the last two years been milled
in the proportion of -3 South Reef ore, and % Main and Middle Reef. The western portion of the
mine only has been worked up to present date, the eastern portion remaining untouched. It
is not anticipated that the dyke, which has thrown the Reef south in the adjoining property, will
have a material influence on this one.
Tonnage and Production: From the period dealt with in the last general report of the
Company’s operations in September, 1894, up to May 30, 1895, the results have been as follows:
Mill: crushed 37,488 tons; yield, 12,221 oz. Tailings were formerly treated by the Rand Ore
Reduction Company on a royalty system. This arrangement ended in September, 1894, after which
date the Company treated their own tailings. Quantity treated, 21,000 tons, for which a royalty
has been paid to the Company amounting to £5,282. Concentrates treated, 236 tons, producing
813 oz.
EQUIPMI-INt—Main Shaft : Size 14 ft. by 6 ft., divided into 3 compartments. Head-gear, 70 ft.
The sorting-floors are at the head-gear, where the ore is passed to grizzlies, washed and hand
 W1 TWA TERSRAND MINES. 225

sorted, and delivered to 1 Blake and 1 Gates crushers. Pump: 8-in. Cornish plunger pump,
driven by one 12 x 24 geared engine. This engine also drives the crushers. Hauling : 1 pair of
Ruston & Proctor coupled geared winding engines, independent drums and brakes. Boiler : 1 Globe
multitubular 100 h.p.
MilL—GO stamps by Grusonwerk, each 1,050 lb. in weight, driven by one 150 h.p. horizontal
compound condensing engine. One Willans compound engine, 100 h.p., drives 3 Elwell-Parker
dynamos, supplying light to all mine and surface works, hoists for cyanide works, return water
pump, and main supply pump.
Cyanide Works—The tailings from the mill are elevated by means of one 25 feet diameter
tailings wheel, and delivered into Spitzkasten for classification, from there into settling tanks, and
driven by mechanical haulage to the cyanide works. The plant consists of 7 20-ft. x 10 ft. wood
circular vats fitted with bottom discharge. 6 solution tanks. 4 precipitating boxes. The Siemens
& Halske system of treatment is now in use. Boiler House: The whole of the milling and
pumping plant is steamed by 1 Babccck & Wilcox, 3 Globe and 1 Turner boilers, 100 h.p. each.
Water Service.‘ \Vater is pumped from the Natal spruit, 1;’; miles from the mine. The dam has
been constructed by the Rand Mines, this Company owning part of it. Air Compressor .' Is worked
at the mill’s engine house; this plant consisting of 1 pair of Walker air compressors, of 20
drills capacity. Sundries .' At No. 2 shaft, which is now sinking, is a temporary plant, which will
be replaced by a more powerful one when greater depth is attained.

Total Capital Expenditure.

, £ 3. d.
Original working capital 5,000 0 0
Increased, 1888 5,24!) 0 0
Reconstructed, 1889 ..
25 000 0 0
{15:00) 0 U
,, 1892 44,000 0 0
,, 1804 75,000 0 0
Profit earned up to February 20, 1892 8,431 0 0
,, ,, 28, 1893 8,797 6 3
,, half-year ending August 31, 1894 4,112 0 0

£185,580 6 C‘ D
1
GENERAL RmiARKs—Reference to the table of cost and revenue will show that a great change
has taken place in the earning capacity of this mine. During 8 months, from December, 1893, to
July, 1894, working costs exceeded revenue, but since then a. favourable change has set in. The
principal features causing this improvement are: (1) Better sorting arrangements, whereby the
grade of the ore has been increased ; (2) reduction in working expenditure, from 34s. 8d. to 218. 9d. 2
(3) addition of 10 stamps, which does not materially alter the cost, now distributed over 50 instead
of 40 stamps; (4) erection of cyanide works, and introduction of the Siemens’ (electric) process.
Instead of incurring losses the Company is now making monthly profits of about £2,000, to which
the profitable treatment of tailings mainly contributes. A further favourable feature is the
advanced state of development ahead of mill requirements ; the reserves being 60,000 tons, whereas
the mill requires only about 39,000 tons per annum.
FINANCIAL Posrrrox—At the beginning of the year (1895), after paying all debts, the
Company had £30,000 in hand. Out of this, £5,000 was devoted to paying for the Henry Nourse
claim. The Company further contemplated changing the existing light stamps into heavy ones,
and bringing the milling power up to 60 stamps. This will enable the mill to put through 80,000
tons per annum, instead 0 , as hitherto, at the rate of 41,000 tons per annum. The estimated cost
for this addition was £33,000, towards which the Company had the above cash balance, besides
12,500 reserve shares. The chairman of the Company stated at a meeting in January, 1805, that
the estimated tonnage of payable rock in the mine is 2,000,000, and this, on a basis of 80,000
tons crushed per year, will give the Company a life of 20 years. A scheme was proposed in
October, 1895, under which this Company's property will be ahs‘rbed by the George Goch
Amalgamated Gold Mining Company for 132,000 shares, while the amalgamated Company will
receive £99,000 of additional capital. The scheme has been adopted by the shareholders, and
consequently four George Goch shares will be given for every five Metropolitan shares.

voL. I. Q
220 H'IT WA TERSRA .YD MINES.

MEYER AND CHARLTON GOLD MlNlNG COMPANY, LIMITED.

Formed ‘in 1888.
CAPITAL—£85,000 in £1 shares ; all issued and fully paid up.
Dirccfors.
G. ALBU (Chairman), (alternate LEO ALBU), A. Eruan, A. Gonnz (alternate A. BRAKRAN),
\V. H. ROGERS (alternate H. A. ROGERS), and W. F. LAXCE.
London Committee.
HENRY Rooms, CHARLES RUDE, and A. H. liliiRKl-IR.
' Berlin Committee.
LARL Scnmnnn, BERNHARD DERNBURG, and DR. A. XV. KAS'I‘AN.
Secretary and Head Oflir'e.
‘W. E. STEERS, Johannesburg, Transvaal.
London Secretary and Oflioe.
H. MILITZ, 120, Bishopsgate Street \Vithin, E.G.
Berlin Ofliczu—Deutsche Trenhand-Gesellschaft, Behrenstrasse 9, \V.
r CAPITAL CHANGEQZ—Original capital, £40,000, of which the vendors received £35,000, and
0,000 shares were kept in reserve. The latter were issued to Messrs. Meyer and Charlton in payment
' of a 20-stamp battery. On November 12, 1888, the capital was increased to £43,000, by creation of
3,000 new shares, which were sold for £15,000. In September, 1889, the capital was again increased,
by creation of 21,500 new shares, of which 20,241 shares were sold for £30,361 10.9., and 1,259 shares
kept in reserve. On July 1, 1892, the capital was increased to £75,000, by creation of 10,50)
new shares,v which, together with the old reserve shares, left 11,759 shares on hand. In connection
with the Wolsingham purchase the Company received 3,054 of its own shares, making 14,813 in all.
These were distributed as follows: as part purchase price of Wolsingham property, 6,500 shares;
as purchase price for 4% \Volhutcr claims, 5,000 shares; leaving in reserve, 3,313 shares; total,
14,813 shares. The capital was again increased from £75,000 to £85,000 on July 10, 1894, by
creation of 10,000 new shares, which, together with old reserve, gave 13,313 shares. Of these,
11,440 were taken up by shareholders at £5 each, realizing the sum of £57,350. This left a. balance
of 1,843 shares in reserve, which the directors had authority to dispose of. Total capital supplied,
£107,711 108. Total premium realized on shares, £68,000 10x.
ACCOUNTS AND F1NANcE.—Accounts were formerly made up half-yearly to Jnne 30 and
December 31, respectively, now made up yearly to December 31. Extracts of accounts made up
.011 December 31, 1894.
’ Extracts from Balance-sheet and profit and loss account for year ending December 31, 18942-—
Balancc-shnet. _ '
Liabilities. £ .9. d. Assets. £ s. d.
To Cal’Ital account— By Mine property 62,193 13 9
85,000 shares at £1 85,000 0 0 ,, Mynpacht freeholds 4,283 19 6
‘n Sundry creditors 6,003 2 3 ,, Reserve shares, 1843 un
” [4110151111611 dividends -- ‘ 103 14 0 issued 1,843 0 0
n sundry Shareholders— ,, Investment account... 530 0 0
Dividend No. 15 ‘ .'.. 24,947 2 0 ,, Permanent works 10,763 16 10
,, Reserve fund... 11,433 19 0 ,, Machinery and plant 41,179 13 3
,, Pmfit and loss account, ,, Cyanide works 10,396 1 3
balance - 70,483 2 5 ,, Buildings 7,020 15 0
,, General improvemen 286 2 9
,, Live-stock . 163 14 8
,, Furniture 281 2 3
,, Quarterly account 2,773 5 2
,, Cash in bank and in hand 20,519 2 5
,, Gold consignment account 7,567 4 9
,, Sundry debtors 660 10 10
,, Stores and materials in stock 8,127 2 9
Y W _ ,, Mine development 19,381 14 6
_£““’*"0 ‘12_8
( '— l' '
£197,970 19 s
 . ,- " ' \I\
II I v I‘.

H'IT WA TERSRA .YD MINES. 227

Profit and Loss Account.

Cost per Working expenses. Revenue.
ton.
a. (I. £ 6. (I. By Gold account— .55 s. d.
11 2021 Milling To 25,107 3 4 25,583‘31 oz. mill gold 95,506 13 5
0 5243 Transport ,, 982 4 1 5,325‘216 oz. cyanide gold 15,886 19 1
3 5794 Reduction ,, . 7,829 12 3 ,, Tailings sold 3,315 4 1
4 3176 ,,
Cyanide works 6,474 16 7 ,, Concentrates sold 369 4 8
4 1053 ,,
General charges... 0,189 8 5 ,, Transfer fees .. 0 4 0
:2 7858 ,,
Maintenance ac ,, Sale of stone (waste rock) 23 16 6
count 5,968 4 0 ,, Rent of ground . . . 240 0 0
2 11769 ,, Mine development ,, Rent of mynpacht 117 0 0
redemption 6,700 19 0 ,, Rent stand and house rents 231 0 0
:297705 ,, Balance 53,437 14 1
£115,691» 1 9 £115,690 1 9
£ s. (I. £ 8.
To Depreciation 2,400 11 7 By Balance from preceding year 20,721
,, Dividend account 42,868 17 0 ,, Profit on new issue—
,, Reserve fund... 4,286 17 8 11,470 £1 shares sold at £5 45,880
,, Balance 70,483 2 5 ,, Balance down—
Profit for 12 months’ working 53,437 14 1

swim) secs-aw ..8

Profit for 12 months’ working,r 53,437 14 1
Less depreciation written ofi' 2,400 11_7
Net profit... £51,037i 2 6
Balance carried forward to credit of next year... £70,483__2 5
Comparative statement of Profits and Losses made by the Company since its formation?’
Period. Net profit. Net loss.
£ 3. d. :6 s. d.
Ending April 30, 1889 6,905 3 11 —
,, Dec. 31, 1889 . _ I 3,357 o 4
,, June 30,1890 5,217 13 1 —
,, Dec. 31,1890 16,524 14 2 —
,, June 30,1891 - 1,198 7 4
,, Dec. 31, 1891 15,810 1 8
,, June 30,1892 13,689 13 6
,, Dec. 31,1892 . . 16,887 10 2
,, June 30,1893 . 33,782 4 1
,, Dec. 31,1893 22,876 19 0
., Dec.
Balance 31,1894
net profit 51,037 2 c 178,175 5 5

£182,731 2 1 £182,731 2 1
£ 8. (I.
Balance of net profit made up to December 31, 1894 . 178,175 5 5
Total dividends paid to same date £167,769 14 0
,, Reserve fund ,, 11,433 19 0
_7——— 179,203 13 0
£ a. d.
The whole mine property stands in at .. 62,193 13 9
The Wolsingham property standing in at 21,070 4 9
£41,123 9 (I
The \Volhuter claims purchased in exchange for 5,000 of the Company’s
shares, stand at 5,000 0 0
3671237 9.6
The purchase of the freehold of the Company’s original property has cost $283 19_c
The original property, therefore, stands in at £40,407 a o
228 WIT WA TERSRAND MINES.

CAPITAL ACCOUNT.—The principal items of expenditure on this account during 1894 have been
for new works, as more particularly detailed hereafter, the total amounting to the large sum of
£43,607 5s. 5d.
Expenditure.
Mine Property— £ 5. (1. £ 8. (1.
Cost at December 31, 1893... 60,813 13 9
For purchase of stands on north boundary of mynpacht, and
stand and houses on mynpacht . 1,380 0 U
_—_- 1,380 (I 0
Total 62,193 13 9
Investment account—
For 66 £5 shares Rand Mutual Assurance Compan 330 0 0
For 2 £100 Chamber of Mines debentures 200 0 U
~ 530 (I 0
Total 530 0 0
Permanent works at December 31, 1893 518 9 2
For dams and reservoirs . 280 5 1
___-—s 280 5 1
Total 798 14 3
New main incline shaft—
Expenditure to date 4,780 9 7
--—-— 4,780 9 7
New main shaft plant and battery account—
For expenditure to date 11,263 4 8
—————— 11,263 4 8
Machinery and plant at December 31, 1893 29,431 13 11
For sundry plant 1,440 7 5
»———~ 1,440 7 5
30,872 1 4
Less depreciation 955 12 9

Total 29,916 8 7
Tailings treatment works at December 31, 189 527 13 5
For expenditure during period 9,868 7 10 9,868 7 10
Total 10,396 1 3
Buildings at December 31, 1893 7,225 9 5
For new cottage for mine foreman... 322 15 10
For completion of assay ofiices and additions 862 11 5 1,185 7 3

Total 8,410 10 e
Less written off for old buildings taken down £540 0 0
For valuation of old materials 100 O 0
Depreciation 780 1 8
1,420 1 8
Total 6,990 15 0
General improvements-—
For fencing and road-making 286 2 9 286 2 9

Live stock at December 31, 1893 155 14 9

For mules and horses bought 62 11 6 62 11 6
218 6 3
Less depreciation 54 11 7

Total 163 14 8
Carried forward £31,076 '16 1
 WITWA TERSRAXD MIXES. 229

Brought forward £s.d I 31,070

£ Rd.1
10

Furniture at December 31, 1893 274 13 6

For sundry office furniture... 76 14 4 76 14 4

351 7 10
Less depreciation 7 5 7

Total 281 2 3
Mine development account—
Expenditure to December 31, 1893 13,718 3 6
Expenditure for 12 months 12,453 15 0 12,453 15 0

26,171 18 6
Less written off to mine development redemption account 6,790 4 0

£19,381 14 6

Expenditure to capital account £43,607 5 5

-—_—__I_
.4 H— _

MINE DEVELOPMENT AGCOUNT.—Tlle position of this account is satisfactory, comparing the

large tonnage opened up, of which particulars are given in the manager’s report, w1th the amount
shown to the debit, viz., £19,381 148. 6d., or equivalent to less than 18. 6d. per ton for develop
ment costs.

Rnsl-mvs Fuse—This has been increased to £11,433 198. by £4,286 17s. 8d. written off profit
and loss account, being 10 per cent. on the dividends paid.

DIVIDENDS.

‘1,515,331 Date. Rfggyr Issued capital. Amount paid.

' £ £ 8. d.
1 October, 1888 ...l 10 40,000 1 4,000 0 0
2 November, 1888 10 43,000 4,300 0 0
3 ,July, 1890 5 63,241 3,162 1 o
4 September, 1890 5 63,241 3,162 1 o
5December, 1890 10 63,241 6,324 2 0
6 March, 1891 121. 63,241 7,905 2 6
7 June, 1891 121 63,241 7,905 2 6
8 September, 1891 12; 63,241 7,905 2 6
9 December, 1891 121 63,241 7,905 2 6
10 June, 1892 20‘ 63,241 12,648 4 0
11 December, 1892 i 25 66,687 16,671 15 0
12 1.1555, 1893 1 35 71,687 25,090 9 o
13 1December, 1893 .. , 25 71,687 | 17,921 15 0
14 , June, 1894 , 25 71,687 1 17,921 15 0
15 |December,1894 1 30 83,157 , 24,947 2 0
16 June, 1895 25 83,157 20,789 5 0
l
i 11
o
 WI T WA TERSRA ND MINES.

Statement of Gold Production since .Uilling operations were started.

Period ending. ‘No. of ‘

,wmps1cggggd, Yield 151511111111».
§§ffi1_ pertm P,E°5;,,_ ‘' Ore 50111. EStone sold. 1

1 __ _ _i_~i__ *i__i i i 7 7 >7 A 7 _'

‘ " oz. ‘oz. dwt.‘ £ a. d. 0. cl. 5; x. J. £ 11. d.

Apri11889 110-301 5,454 4,035 018 1 17,050 3 7‘ - — —
Dec. 31, 1330 1 30 ‘ ~ _ _ | 12,031 13 0 — , -— 1 —
June 30,1010 I 30 110,510 5,1012 0 9373 10,021 0101 22 1-4 | _ I _
Dec. 31,1300 1 30 111,102 10,300 1 0-45 37,571 3 5, 20 11-3 , _ 1 —
June 30,1391 30 1 3,331 1021712511 4-4 30,037 3 111 49 010 , ~ 1 —
Dec. 31,1391 30 110,300 10390-5211 013 37,777 2 51 41 2-74 , _ ; _
June 30,1002 , 30 11,323 932311310 1040 31.000 15 11' 33 11-23 1 — | -
Dec. 31,1302 1 30 12,105 0,314-00‘0 10100 30,335 5 1 38 025 ,3‘ 13 41 _
June 30,1303 13040 14500 13930300 10-135 523%) 10 3‘ 31 9-34 1 _ 1 0013 3
Dec.31,1893 140-50 19,031 13392300 130431 50,311 010‘ 27 0-23 _ 221 4 s1
1 1 | Is 24 9-733 1 :
‘ i F n \ ‘ i i v f ' '- I 1 l I

Dec. 31,1304 , 50 I44,001 23.53310 11331 05,500 13 5 Preimfei‘fofi _ , 23 10 1»

_> , 1 We 1, I __ 1 __ _, _,I
tailings.

Total value of gold production from mill) 10.,

up to December 31, 1894 1. 1"- 1
...; 4201b“ 1' ~ 7 ‘1
‘£32 18 4|£305 1‘, ' ;

Tailings and Concentrates.

‘— tv— __‘ "—A_ ‘D ‘T —“' '—_“W"'_' i’ D i ' —_—..—_—
Period ending. ‘1 Tuilings
£ a.sold.
(I. Concentrates
M—De—v $0111. 11
1: id. £353£‘3:, a. d.

June 30, 1891 .. 1,498

2 3 —— 1 —
December 31, 1891 1 —— 1,374 15 0 l -
June 30, 1892 . . —— 869 17 8 , 106 16 9
December 31, 1892 42 14 2 — , 2,795 4 6
June 30, 1893 . . 59 8 2 —— 4,032 8 2
December 31, 1893 . , 4,180 14 6 — , 159 5 1
December 31, 1894 . ,1 3,315 4 1 1 369 4 8 1 ——
,_____,_7 d _ _d,, _,, l ,_~________ 2

1 £9,090 3 2 £2,013 17 4 1 £7,093 14 0

Treatment of Tailings by own Cyanide Works.

Period Tons treated. Total yield. Yield Value per ton. Average Profit Total value.
ending. per ton. cost per ton. per ton.
oz. dwt. s. d. n. . .~. (1. £ a. d.
Dec. 31,1894 22,909 532521 4649 13 10434 5 9225 8 1209 15,886 19 l

Recapitulatz'on, showing total re'eennefrom mine.

£ 3. (1.
Total gold produced from mil] 430,868 1" 1
Ore sold . 32 18 4
Stone sold (waste rock) 305 14 6
Tailings and concentrates sold . £9,096 3 2
n 71 2,613 17 4 _
——_— 11,710 0 6
Profits 0n tailings treated on contract 7,093 14 6
Gold produced by own cyanide works 15,886 19
Total production up to December 31, 1894 _ £465,898 2 0
 WITWA TERSRA ND MINES. 2151

Comparative table giving details of working costs for the last 21; yam-s.

‘ Half-year ended 1 Half-year ended Halt-year ended Year ended

Dec. 31, 1892. 1 June 30. 1893. Dec. 81, 1898. Dec. 31, 1891.

per ten. per ton. per ton. per ton.

s. (l. s. (I. s. . a. (I.
Mining expenses 18 11074 14 4181 12 5060 1 11 2021
Transport 11044 0 7193 0 4822 0 5243
Reduction ... ... ... 6 1309 4 4851 3 8597 3 5'7J4
General charges ‘ 6 0169 5 0803 4 4769 4 1053
Maintenance 1 2 0-557 3 2-500 3 1-598 2 7-sas
Mine development redemption... * 4 0102 4 2315 2 11441 2 11'769
_ , _n_ _
£1 18 0-255 £1 11 9843 £1 7 0287 1£1 4 9-738
Tailings treatment — -— — 4 3176

, £1 9 0914

PROPERTY AND Locau’rn—Including the purchases from the Wolsingham and Wolhuter
Companies, the Company now owns ground equal to claims (including water-rights, etc.),
in two blocks, instead of the 10.}; claims formerly held. The principal block consists of a square
of 24 claims, comprising outcrop claims (extending for 1,250 ft. along the strike of the Main Reof
series), and two rows of deep level claims (the total lateral depth from the outcrop being 1,100
ft.). Part of the surface rights are leased. The second block is of irregular shape, separated from
the first by the Wolhuter Company’s block of claims, and having its northern boundary about
1,600 ft. from the outcrop. It consists of 16.}; claims, including two water-rights, and forms the
deep levels of the outcrop claims. The appropriation of the claims was as follows: Original
holding, 10'6494 claims; VVolsingham property, including surface rights leased, 9'0877 claims;
\Volhuter claims purchased, 4'5035 claims; deep level claims and water-right, 8'9266 claims; and
\Volsingham water-right, 7'5411 claims; making a total, including portions leased and water
rights, of 407083 claims. The property is situated on the proclaimed farm Doornfontein, Wit
watersrand, between the City & Suburban and \Volhuter Mines. (For plan, see Volume III.)
MINING INTELLIGENCE—The reefs principally worked up to last year were the South Reef and
Main Reef Leader. The Main Reef proper has only been taken in hand lately. The mine was
worked by two vertical shafts, but it has been found advisable to have one main incline shaft in the
centre of the property through which most of the hauling is to be done. This shaft was consequently
started during last year, and had reached, on December 31, 1894, a clear depth of 604 ft.; the
shaft is sunk at an angle of 42 5° and measures 15 x 5 ft. in the clear, comprising two skip
ways of 4 ft. 3 in. x 5 ft. each, and one pump- and footway 5 ft. 6 in. x 5 ft. It is expected that the
Main Reef will be intersected at the 6th level. No. 1 vertical shaft is situated on the Company’s
old property, and has been sunk to the 5th level (393 ft. vertical). It is however not intended to
proceed with the development from this point until the mine can be worked through the main
incline shaft. No. 2 vertical shaft is situated on the old Wolsingham ground, and has leached
a vertical depth of 180 ft. No further sinking was done in either of the two vertical shafts
during last year, neither of them being in a suitable position to command the working of the whole
mine. The levels laid out in the mine are disposed as follows: intermediate level, 75 ft. vertical ;
1st level, 100 ft. vertical ; 2nd level, 159 ft. vertical ; 3rd level, 229 ft. vertical ; 4th level,
314 ft. vertical ; 5th level, 393 ft. vertical. The dip of the reefs averages down to 4th level about
35°, while from here the dip increases down to the 5th level, in some parts attaining 50°.
Alain Rccf:—Fair results were obtained from a milling test made in April from 56 tons of
Main Reef, mined from the west side of the cross-cut at the 5th Level, over a width of 12 ft.
Since then the prospecting of this reef has been carried on at every level in the mine, which, as stated,
has proved that a section of Main Reef can be worked at a profit. 1st Level : The Main Reef has
been cut through at this level in three places. No. 1 cross-cut is near the eastern boundary ; No.
2 is 200 ft. west of boundary. In No. 1, 10 ft. were driven north from the Main Reef Leader before
intersecting the main body of reef, which was found to be 5 ft. wide. A small stringer was en
countered between the Main Reef Leader and foot wall portion of Main Reef, but was of no value.
The foot wall portion of reef has been driven on 10 ft. The average assay value of the reef taken
from this drive in course of driving is 12 dwt. 16 gr., over a width of 4 ft. From No. 3 cross-cut,
a stopo has been opened up on Main Reef. The reef here is 8 ft. wide, and assays 9 dwt. 14 gr.
232 W’! TWA TERSRA .VD MINES.

over this \vidth. All ore above this level is free milling, and can be mined at a. low cost. 2nd
Level: At this level three cross-cuts have been driven through the Main Reef, and a raise put up to
the first level. The average size of the reef is 5 ft. 6 in., and its assay value for this width is 8 dwt.
3rd Level : Here the reef has been cut through at three points. In two of these places the reef is
very wide and poor; in the other the reef is narrowed to 5 ft., giving an assay result of 13 dwt. 12 gr.
per ton. 4th Level : A raise has been put up to the third level. The average of the assays taken is
10 dwt. 20 gr. per ton. 51h Lm'cl : Three cross—cuts have been driven across the Main Reef at
this level. The distance between N0. 1 and No. 2 cross-cuts is 260 ft., and between No. 2 and No.
3, 400 ft. The milling test was made from No. 2 cross-cut. Samples were taken from each truck
of ore before sending it to the battery, the average assay result from samples being 13 dwt. 8 gr.
per ton. The smelted gold won from the plates was 6 dwt. 20 gr. per ton, and the tailings assayed
5 dwt. 8 gr. per ton. No. 1 cross-cut was driven through a reef 7 ft. thick, assaying 12 dwt. 7 gr.
per ton. No. 3 cross-cut was driven through a reef 5 ft. wide, assaying 5 oz. 15 dwt. per ton.
Several assays have been taken from the Main Reef ranging from 2 to 3 oz. These are not calcu
lated in the average of samples taken from time to time. They are, probably, rich patches and may
not be very extensive ; however, further development will prove their value. (South Reef and
Main Reef Leader are reported on under “Mine Development”)
MINE DEVELOPMENT.-—Dllrlng the past year (ending December 31, 1894), the following foot
age was completed :—

. l Raises. | Total.
—. ~‘.L 7. m V‘ V , ,—.—k

' , a. in. , a. in. a. in. a. in. a. in.

1st Level 1 457 O 37 O 88 O 42 O . 624 0
2nd ,, , 368 o I 147 0 268 o 98 6 I 881 6
3rd ,, 1 409 6 I 103 6 297 o 274 6 I 1,084 6
4th ,, , 533 o 1 158 0 350 0 261 0 I 1,302 0
5th ,, , 1,279 o l
‘ 321 6 14 o 181 o | 1,795 6
, 3,046 6 l 767 0 1,017 0 857 0 ‘ 5,687 6
Main Incline Shaft — l — — -- l 604 O
l __—__

l l 6,291 6
Development operations have been carried out on all five levels. In all 6,291 ft. have been
driven, sun and raised, not including intermediate drives, which have sometimes to be driven in the
stopes to facilitate working the reef when dislocated by faults running parallel with them. At these
faults, the two sections of reef, where dislocated, overlap each other, consequently giving a greater
depth of reef; the depth gained at some points being 50 ft. over the depths between levels as
measured on the usual plane of- reef. On the lat Level operations were confined to the development
of the Main Reef and Main Reef Leader, the South Reef being exhausted above this level. Very
little work was done on the Main Reef and Leader in this part of the mine previous to the period
under review. 457 ft. have since been driven. This body of reef is opening up satisfactorily. 2nd
Level : At this level the development has been completed with the exception of a few feet which
remain to be driven on Main Reef Leader. 3rd Level: The drives on South Reef and Main Reef
Leader have been continued east, the Leader drive to within 350 ft. of the boundary, and South
Reef within 100 ft. 4th Level: The South Reef drive has been extended east 326 ft. during the
year, and the Leader drive 207 ft. Five winzes have been completed to the fifth level, two on
South Reef and three on Main Reef Leader. 5th Level: The work of opening up this level was
commenced in January last. A cross-cut 7 ft. x 8 It. has been driven 203 ft. south from No. 1
main shaft, intersecting the Main Reef at 140 ft., Main Reef Leader at 158 ft., and South Reef at
197 ft. A‘drive has been driven west of cross-cut on South Reef, 268 ft., and east of cross-cut,
‘283 ft. The average thickness of reef for the 551 ft. is 5 ft. 6 in. The average fire assay value
taken over the width of drive is 32 dwt. 22 gr. per ton. A drive has been made on Main Reef
Leader 283 ft. west of main cross-cut, and has cut through some rich ore. The average width
of reef in this drive is 13 in. with an average fire assay value of 11 oz. 10 dwt. per ton. The
drive has been extended 445 ft. east of cross-cut. At 50 ft. east of cross-cut the leader was cut
out of the drive. 300 ft. were then driven on Main Reef, when the leader was again intersected.
The cause of this was a fault which ran parallel with the reef, cutting it off near the back of the
drive, and throwing it down 15 ft. This drive has been connected with the main incline shaft 400
ft. east of old main shaft.
 WIT WA TERSRA ND MINES. 2?, OJ

ORE Rnsi-Lnvss (December 31, 1894) :

Dt'vvlopl‘d (in sight\. tons.
Main Reef 152,761
Main Reef Leader 37,247
South Reef 48,718 tons.
238,726
Undeveloped.
Main Reef 555,281
Main Reef Leader 213,864
South Reef 309,231
1,078,376
Main Reef 375,461
9 deep level claims Main Reef Leader 144,408
South Reef 231,053
750,922
2,068,024
The preceding quantities have been estimated on the assumption that the undeveloped ground
is dipping at an angle of 40°, and the average thickness of the reefs is taken as follows :—
ft. in.
Main reef 6 6
Main reef leader .v. 2 6
South reef 4 0
Comparative Statement of Orc Reserves for the last 2 _r/mrs:— tons.
On Dec. 31,1892 39,115
,, June 30,1893 69,694
,, Dec. 31,1893 81,987
,, ,, ,, 1894 258,726
With the increased stamping power some 8,000 tons will be crushed per month, which goes
to show that the mine development is ahead of the mill requirements.
Statement showing financial position of Company, total capital supplied, profits made, dividends
paid, and capital still to be redeemed from mine, all other assets being paid for :— £
£ 8. (I. a d
Total capital
profits made
supplied
up to December 31, 1894 107,711
178,175 5 5

£285,886 15 5
Dividends paid 167,769 14 0
Reserve fund 11,433 19 0
~— —— 179,203 13 0
Capital sunk in the mine £106,683 2 5
against which are assets standing at £150,000 in the books, after writing off ammts for depre
ciation and taking the property at cost only.
A new 60-stamp battery of heavy pattern started work at the middle of 1895, and 20 stamps
more are to be erected.

MEYER AND LEEB GOLD MINING COMPANY, LIMITED.

Formed in 1888, rc-fornwd in 1892.
CAPITAL—£15,000 in £1 shares; all issued and fully paid up.
Directors.
Vlcroa Wonrr, H. Mnxnrr, J. L. Lens, and B. Kosmcssan'r.
Secretary and Oflz‘ce.
ROB. \VOLFF (P.O. Box 1,477), Johannesburg, Transvaal.
CAPITAL Curious—Original capital, £25,000, of which 12,000 shares went to the shareholders
and to the subscribers 13,000. It was afterwards increased to £60,000, old shareholders receiving
234 WITWA TERSRAND MINES. I

share for share, 30,000 new shares being subscribed for fresh working capital, and 5,000 held in
reserve. In September, 1892, the capital was reduced to £15,000, 1 new share being given for
every 4 old ones.
REVENUE, Pnonucrlox, AND DIVIDENDS.—The Company produced up to June, 1895, when the
mine was finally shut down. Although the yield was a very low one, from the plates only, the
Company made regular profits and paid dividends amounting to £4,550, or 27!; per cent. The
Company had at first a 10-stamp battery, which was in 1891 increased to 15-head, and a cyanide
plant was erected in 1894.
Production.

Year. I No. of stamps. Tons. Total yield. Yield per ton.

' I oz. dwt. I, dwt.
1888 1 10 - 202 0 I _
1880
1800 11 10
10 _
5,170 1,477
2,329 00 I _
_
1891 I 1(y15 _ 1,028 0 I —
1892 ...I 15 15,1500 4,398 0 l _
1893 I 15 15,320 3,971 0 g _
1894 15 18,590 5,599 0 | 6-02
1894 I cyanide 4,717 540 14 i 3'01
January, 1805 15 1,033 581 5 1 11-25
February ,, 1 15 1,130 458 15 ' 8-11
March ,, ' 15 1,050 250 12 I 404
April ,, ...l 15 1,105 407 5 | 7-37
May ,, 1 15 1,135 268 9 4-73
June ,, i 15 150 130 0 17-33
Tdtal’production 22,610 oz.

PROPERTY.—Consists of part of a mynpacht equal to 33 morgen on the farm Rooikop, \Vit

watersrand, in the vicinity of the Orion and East Orion Gold Mining Companies. Besides this about
90 morgen outside the mynpacht are owned. The mining area. forms only a small portion of this
ground, being about 14 claims.

MIDDELVLEI ESTATE AND GOLD MINING COMPANY, LIMITED.

CAPITAL—£175,000 in £1 shares; 165,000 issued and fully paid up.
Directors.
O'rro BEIT (Chairman), J. G. CURREY, B. M. WOOLLAN, and E. BIRKENRUTH.
Secretaries and Oflice.
The Consolidated Goldfields of South Africa, Limited, Johannesburg, Transvaal.
CAPITAL—Appropriation: To vendors, promoters, and underwriters, 135,000 shares; working
capital, 30,000 shares ; and held in reserve, 10,000 shares.
FINANCIAL POSIT10N.—The Company has £4,000 of cash- in hand, besides an interest in the
Anglo-French Land Company of the Transvaal (formerly the Estates Company, in which this
Company held 5,000 shares).' ' '.
PROPERTY.—The freehold farm Middelvlei, No. 610, district of Potchefstroom, 946 morgen
490 roods in extent. In addition there is a mynpacht, and a werf, 37 morgen 550 roods, the latter
included in the freehold. Locality of the Property: Adjoining the Randfontein Estates property,
about one hour from Krugersdorp (south), and 26 miles west of Johannesburg. The property was
formerly proclaimed, but has since been de-proclaimed.
DEvELoPnEN'n—At the last meeting, held in September, 1894, it was suggested that pro
specting operations for the Randfontein and Black Reef series should be started.
PLANTATION—40 acres have been planted, and 60,000 trees are growing.
 WI T WA TERSRA .VD JIINES. IQ
0:Q1

MIDDLE BLACK REEF GOLD MINES, LIMITED.

Formed in July, 1895.
CAPITAL—£150,000 in £1 shares.
Directors.
W. G. BAKER, W. MACLACHLAN, MAJOR-GENERAL E. H. S'rswann, C.M.G., and W. J. Woons.
- Secretary and 017700.
THOMAS H. BRIMFIELD, 65, Broad Street Avenue, Blomfield Street, E0.
CAPITAn—The vendors (Mr. \V. G. Baker and Mr. T. E. Elder) received £110,000 for the
property and a 10-stamp battery.
PROPERTY.—342 morgen (726 acres) on the southern half of the farm Middelvlei, \Vest Rand,
24 miles from Johannesburg. The Black Reef is at the northern end of the property. The ground
includgs 29 claims, which are held by the Company. The length on the strike of the reef is about
2,250 t.
MACHINERY.—There is a 10-stamp battery on the ground.
GENERAL REMARKS—The property formerly belonged to the Hawick and Rockley Gold Mining
Company, and on the latter Company getting into difficulties the ground was taken over by Mr.
\V. G. Baker in satisfaction of a bond of something over £4,000. Reporting on the property some
years ago, Mr. Arthur S. Boucher stated: “The so-called underlay is very rich, averaging over
5 oz. 15 dwt. of bullion, of value of £3 15s. 6d. per oz., over an average width of 8 in. throughout
the portion of the mine which I was able to sample.” The crushings which took place during his
visit ('9 1888—89) gave 6 dwt. per ton over the plates, while the blanketings were worth 2 dwt. 8 gr.,
and the tailings 10 dwt. 12 gr., or 18 dwt. 20 gr. per ton in all. The ore crushed consisted of reef
and underlay mixed, giving a total width of 36 in. The total production (February, 1888, to
October, 1889) appears to have been 608 02., value £2,186. The prospectus gives no particulars of
the shafts sunk or of the work done. It is proposed to put up 20 additional stamps.

MINERVA GOLD MINING COMPANY, LIMITED.

Formed in December, 1894.
CAPITAL—£200,000 in £1 shares ; 150,000 issued and paid up.
Dircctm's.
B. M. WOOLLAN (Chairman), E. T. Som-znsnr, T. PALMER, J. G. Conner, and C. S. Gonnnass.
Secretaries.
The African Estates Company, Limited, Johannesburg, Transvaal.
London Secretary and Oflicc.
F. M. VVOOLLAN, 2, Draper’s Gardens, E.C.
APPROPRIATION OF CAPI’I‘AL.—TO the Orion Gold Mining Company, Limited, as purchase-price
for the property and equipment (£75,000 in cash and £25,000 in shares), £100,000; working
capital, £25,000; bonus to the promoters (for guaranteeing the £100,000 subscribed), £25,000; and
reserve shares, £50,000; total, £200,000.
PRODUCl'ION.—This Company commenced producing with its own 40-stamp battery and a
3,000 tons cyanide plant as soon as the new equipment of the Orion Company was completed, whIch
occurred in August, 1895. Later on it is intended to increase the stamping-power, whilethe
cyanide works will be extended forthwith in order to deal with 2% years accumulated tailings
taken over together with the property and works. _ _
PROPER'1‘Y.—The property taken over by purchase from the Orion Company consists .111 all
of about 397 claims on the farm Roodekop, separated from the Orion property by the railway,
which is the sole line of demarcation of the properties, there being no natural division. (For plan,
see Volume III.) _
MINING INTELLIGENCE—The property is being developed by three shafts : north, middle, and
south. The same remarks as are found in the mining intelligence of the Orion Company will refer to
this property. The rich shoots of the Orion, as they appear to go east and west, should pass beneath
the railway and traverse also the Minerva property. It is in these shoots that the pay ore 1s to be
found. The pronounced alluvial nature of the deposits, as evinced by the rolled pebbles and the
richness of the clay footwall, indicates that these shoots, containing the greater part of the gold,
will be found in the channels formed by the long undulations of the bed. _
EQUIPMENT.—The plant acquired consists of a 40-stamp mill of Sandycroft make, with
236 IVITII'A TERSRA ND MINES.

20 stamps of 750 lb. and 20 of 9001b. The engine is a coupled compound Ruston & Proctor
of 180 h.p. The compressor drives 8 drills (Ingersoll); the 6 h.p. dynamo engine is a Marshall:
the dynamo is an Elwell-Parker; and the newer electric installation is by Davies. The boiler
house has two boilers, Babcock & Wilcox, of 106 h.p. From the battery the tailings run by
two small wooden launders to intermediate pits at the cyanide plant, but do not have to wait
for treatment. The 3,000 tons cyanide plant will be enlarged as mentioned before.
GENERAL REMARKS. —The Company is considered as subsidiary to the Orion, three of whose
directors sit also on this board. The board of the Orion will therefore interest itself particularly
in the affairs of the Minerva, and may possibly repurchase a considerable interest in the Company.
20 out of the 40 stamps were handed over by the Orion Company in August, 1895, the rest being
transferred later. The Company has therefore entered the producing list. Recent information is
to the effect that the reef has been struck in the main shaft with good assay results.

MODDERFONTEIN EXTENSION GOLD MINING COMPANY, LIMITED.

Formed in July, 1805.
CAPITAL—£325,000 in £1 shares ; all issued and fully paid up.
Directors.
LIONEL PHILLIPS (Chairman), JOHN BAI.I.or, F. Eob's'rEIN, H. J. KING, and RAYMOND \V.
SCHUMACHER.
London Committee.
S. NEUMANN, 0. Runs, L. WAGNER, and H. ZOEI‘I'RXTZ.
Secretary and Head Ojfice.
HIRSCHEL COHEN, Johannesburg, Transvaal.
London Secretary and Oflice.
E. MARCUS, 28, Austin Friars, E.C.
CAPITAL.—The vendors received 275,000 shares, and the balance of 50,000 shares were issued
for working capital.
PROPERTY.—The property consists of the freehold of that portion of the farm Modd 1fontein
known as Modderfontein B. Its area is 2,159 morgen.
GENERAL REMARKs.—At the end of October, 1895, the reef was struck. It was foun '1 to be
3 feet wide, assaying 12 dwt. per ton by fire assay.

MOLYNEUX MINES CONSOLIDATED, LIMITED.

Formed in 1893, and re-formed in May, 1895.
CAPITAL—£250,000 in £1 shares; 220,000 shares issued and fully paid up.
Directors.
P. H. DU R018, L. EHRLICH, CARL FEIIR, Dr. J. KEENAN, H. MOLYNEUX, F. W’. STRAKOSH,
and W. P. TAYLOR.
Head Oflice.
Johannesburg, Transvaal.
London Secretary and Oflice.
H. MILITZ, 120, Bishopsgate Street Within, E.C.
Berlin Agents and 017108.
Deutsche Treuhand Gesellschaft, Behrenstrasse, N0. 9, Berlin W.
CAPITAn—The Molyneux Mines, Limited, had a ca ital originally of £15,000, which was
increased to £50,000 in July, 1894. In May, 1895, the Company was reconstructed, in order to
1.9.58 in additional claims, and to obtain working capital. The new capital was appropriated as
o ows :—
Shares.
To the Molyneux Mines 75,000
To the Molyneux Extension Syndicate 87,500
For 32 other claims taken in 7,500
Issued at 308. to provide working capital, guaranteed 50,000
Held in reserve, the guarantors having an option for 12 1505111551 30,000

250,000
 W1 2‘ WA TERSRAND MIXES. 237
The working capital so provided was £75,000, while in addition, about £10,000 in cash was received
from the old Company, or £85,000 altogether. If the option is exercised, £45,000 more will be
provided.
PROPERTY.—659 claims (including 60 under option) on the farm Botha’s Kraal, Heidelberg
district, Transvaal. 366 claims are held under claim licenses and bezitrecht, 161 morgen (233
claims) are held as freehold, and 41 morgen (60 deep level claims) are under option. This option is
about to be exercised. Of the 161 morgen, 52 moi-gen are held under mynpacht rights.
MINING INTELLIGENCE—Shaft sinking commenced in December, 1894. Owing to the irregular
character of the deposit in the south-eastern workings the directors decided to abandon the shafts
therefor the time. \Vork is confined to the north-western portion of the property, where three shafts
have been sunk. One is vertical and the other two on the incline, the depths attained being 100
f t., 40) ft., and 450 f t., respectively. The reef—known as the Molyneux or Botha’s Kraal Reef—
is very narrow at the surface, but widens with depth, having an average thickness of 18 in. to
21 in. The two incline shafts have been connected by a 130-ft. drive at the 1st level, and the
2nd level is being driven. The reef is rather irregular, but it is of high grade, twenty-two
assays taken from the shafts and from the drive ranging from 8 dwt. 18 gr. to 8 oz. 10 dwt. 11 gr.
per ton, while three other assays give 10 oz. 7 dwt. 7 gr., 17 oz. 12 dwt., and 22 oz. 2 dwt. At the
time of the reconstruction the shafts were down 300 ft., and, in view of the assays obtained, it was
considered advisable to provide a large working capital. The vertical shaft at 100 ft. has struck
an ore body. The Company is engaged in bring on the Molyneux Extension claims, and in one
of the boreholes the reef has been found at the eastern end of the property.

MYNPACHT RANDFONTEIN GOLD MINING COMPANY, LIMITED.

Fol-med it September, 1895.
CAPITAL—£750,000, in £1 share; ; 582,500 shares issued and fully paid up.
Direc'ors.
J. \V. S. LANGERMAN, JAMES FERoUsox, and Srnxcnn F. Fuzrscusn.
Head Ofl‘ice.
Johannesburg, Transvaal.
London Secretary and Ofliee.
J. ROBERTSON, 8, Princes Street, E0.
CAPITAL Arraoraurmm— ,
To the Randfontein Estates Gold Mining Company for 24') claims 500,000 shares.
Issued at par for working capital 75,000 ,,
Commission 7,500 ,,
Held in reserve, subject to options for 4 and 6 months at 228. 6d.
and 253. respectively 75,000 ,,
Held in reserve, without option 92,500 ,,

£750,000

The present working capital is therefore £75,000, and will be increased to about £164,000 when
the options are exercised, with 92,500 shares still in reserve.
PROPERTY.—The Company purchased from the Randfontein Estates Company mynpacht
No. 206, with a block of dip ground of almost equal extent; the total area being about 240
claims. The property is situated on the farm Uitvalfontein, West Rand, about 19 miles west of
Johannesburg. The length on the strike of the reef is about 3,000 ft. The Block “A” Randfontein
Company adjoins on the south; and Mynpacht No. 166 of tho Randfontein Estates Company is
on the north. The Randfontein leader passes through the entire length of the block. It has been
found in cuttings on the surface and in boreholes nearly 1,000 feet deep.
Gram-111.11. Banana—Development worI: is Iroceeding, and surveys are being made for the
erection of machinery.
 1V] T WA TERSRA NI) MIXES.

NEW BLUE SKY GOLD MINING COMPANY.

Formed October, 1892.
CAPITAL—£150,000 in £1 shares; all issued and fully paid up.
Directors.
J.mEs HAY (Chairman), GEORGE FARRAR, C. S. GOLDMANN, W. DALRYnPLE, and GEORGE Ronuo'r.
General Manager.
A. ANGWLN.
Secretary and Head Ojfice.
G. W’. HIGGINS, 1 and 2, Bettelheim Buildings, Johannesburg.
FINANCIAL HIsToRY.—Original capital £300,000. The H. F. Syndicate reconstructed the
Company in October, 1892, as follows :—
Capital £150,000
To old shareholders Blue Sky ‘Cr-old l\lii1ing Company 20,000 shares.
H. F. Syndicate for providing £20,000 130,000 ,,

£150,000
Extract from Balance-sheet, September 30, 1804.
£ 8. (1 . 1 £ (I.
To Capital‘lAccount . . 150,00) 0 () By Property account 131,164 U
,, Loan, Agnes Munro 10,126 0 (5 ,, Mine develop
,, Sundry creditors 13 2 6 ment,6shaits £6,709 13 1
. ~ ,, Drifts and
cross-cuts 3,195 12 2
,, Winzes 177 12 5
_> . — ‘10,082 camp-co
.03
\‘lW-fl ‘o
wooco
‘w-cc
FOIP‘LD
,, Machinery and plant 2,147
,, Buildings account . 2,112
,, Cinderella. Gold Mining Com- .
pony and sundries .. 2,305
,, Cash on hand 4,956
,, Ore at grass, etc. . 469
,, Profit and loss account 6,899

£1533they 3 0 £330,139 . 4

Extract from Profit and Loss Account, September 30, 1894.

£ 3. d. 15
To Balance of account 4,759 3 8 By gold: 1,055 oz. 11 dwt.
,, Licences, interests, charges 1,781 6 6 milling; 431 n (5 n 5,687
,, Prospecting and boreholes 1,662 2 9 tailings and concentrates
,, Pumping and hoisting, etc. . . 623 14 1 ,, Coal royalty 252
,, Tramming ore, etc. 231 1.‘) 1 ,, Waste rock account , 200
,, Reduction expenses 1,315 4 4 ,, Balalwe 6,899
,, Mining 1,648 tons for test
crushing . 2,325 3 11
,, Depreciation 286 10 9
,, Transport 53 18 9

£13,039 3 10 £13,039 a 10
PRoPERTY.—The property consists of 86 claims situated on Main Reef, Vogelfontein, between
the Cinderella Gold Mining Company on the West and the Wishaw Colliery on the East. (For plan,
see Volume III.)
_ REEF nun DEVELOPMENT.—Tlle reef developed consists of a leader, which has an average
width of 7 inches, and rests on a slate footwall. This is the only part of the reef which as yet has
proved of any mimng value. The reef overlying the leader which constitutes the hanging-wall
 IVIT WA TERSRAXD MIXES. 230

has a width of 4 ft., but assays poorly—about 2 dwt., 5 dwt. being the best assay obtained.
Though the leader is only 7 in. in width, a width of not less than 12 in. can be broken down to
go to the mill. The method adopted is to remove the underlying slate first and blast down the
reef afterwards. The hanging wall reef, sandstone or quartzite, corresponds with the Cinderella
Reef, and is known as such, whilst the leader is termed the Blue Sky Leader. All work in the
mine was suspended in July, 1804. The mine from the 2nd level upwards is being kept free
from water. The mine has been developed by means of three incline shafts.
No. 1. Incline situated near the west boundary is sunk to the 2nd level 275 ft.
,, 2. ,, East of No. 1 ,, ,, 3rd ,, 356 ,,
71 ' 71 77 71 2 n 11 2nd 1! 242 n

Total length of shafts 873 ,,

The different depths to the 2nd level at No. 1 and 2 inclines are accounted for by the top of
these shafts standing at different heights. The 1st level has a total length of 150 ft., all in reef.
Going east it is so close to the surface that this section of the level will never be an extensive
one, whilst going west the backs increase. The 2nd level has a total length of 876 ft.,
all in reef, except 1501; ft. in dyke. The 3rd level has a'total length of 450 ft. in reef, except 62
ft. of dyke. Thus the total net length of levels in reef is 1,266]; ft. This has developed 9,852
tons of ore, having a fire assay value of 1560 dwt. per ton. A borehole was put down 300 ft. in
July, 1894, north of the present reef, for the purpose of prospecting for a second reef north, which,
however, did not result in success. The most valuable piece of ground is immediately east and
west of No. 1 incline, 2nd level, for a length of 400 ft. When work was discontinued, drifting
west on 3rd level from No. 1 shaft was being undertaken. Altogether the last drive west of 50
ft. at the 8rd level is of higher grade than anything met with in this level before. Ore reserves :—
Above 1st level 300 tons, assaying 2O dwt. per ton.
n 2nd- 71 6:5?) n M 17.72 77 n
17 3rd :1 37092 11 v1 10 n :7

Total reserves . .. . .. 9,852 ,, value 1560 ,, ,,

T131‘ CRUSHING.—In April, 1894, 1,648 tons were crushed as a test. 1,500 tons of ore were
taken from 2nd level, and 148 tons of ore were taken from 1st level, with the following result :—
Gold from amalgamation 1,075'05 oz. = 130.") dwt. per ton.
,, concentrates 121-58 ,, = 247 ,, ,,
,, tailings 431'6 ,, = 3'5 ,, ,,

Total extraction 19'02 ,, ,,

MINE EQUIPMENT.——N0. 2 incline is equipped with a single skip-road, and skips, ladder-way,
and two 6-in. steam pumps, a 16 h.p. winding engine, and a 20 h.p. locomotive boiler.

NEW CHIMES GOLD MINING COMPANY, LIMITED.

Formed ‘in 1888, and rc-formezl in 1890.
CAPITAL—£100,000 in £1 shares ; all issued and fully paid up.
Directors.
E. J. Kocn (Chairman), D. J. Punmsonn, B. COURTENAY, F. Lowmav. and W. P. Tums.
Secretary and Head Oflce.
G. HALFORD SMITH, Johannesburg, Transvaal.
London Agents and Oflice.
Consolidated Goldfields of South Africa, Limited, 8, Old Jewry, E.C.
CAPITAL CHANom.—The Chimes Gold Mining Company, Limited, with a capital of £50,000
was reconstructed in 1890 as the New Chimes Gold Mining Company, Limited, with a capltal of
£48,000. Working capital supplied, £24,025; reserve 12,000 shares ; balance allotted to shareholders
of the old Company. In July, 1892, the capital was increased to £60,000; 11,123 of the reserve
shares and the 12,000 new shares being taken up at par, £23,123. In December, 1892, the capital
was increased to £70,000, the 10,000 new shares realizing £25,839, and the 877 reserve Shares
realizing £2,973 1338. 9d. In January, 1894, the capital was again increased to £100,000, the new
240 W'IT WA TERSRAND )1 [NES

issue of 30,000 shares being guaranteed by the Consolidated Goldfields of Smth Africa, 25,000 shares
of which were offered to the shareholders at par, of which ‘20,197 were taken up, £20,197; balance
taken up by guarantors, £4,803. The reserve of 5,000 shares, under option to the guarantors at par,
were taken up by them in May, 1894, giving £5,000. Total capital supplied, £105,960 138. 9d.
Total premium realized on shares, £17,035 135. 9d.
ACCOUNTS AND FINANCI-L—The accounts are now made up annually to October 31, and sub~
mitted in December.
Balances and not Profits.
£ s. d.
October 31, 1891, Debit balance 2,2 ‘5 6 9

April 30, 1892, not profit for six months £17,558 6 8

October 31, 1892, ,, ,, 10,832 ‘J 2
,, ,, 1893, net loss for twelve months — 13,310 6 0
,, ,, 1894, ,, profit ,, ,, 16,249 0 2
Balance, ,, ,, for three years — 31,329 10 0
£44,639 16 0 £44,639 16 0

October 31, 1894, credit balance £10,292 18 11

Divlnsxns PAlu—The old Company paid 10 per cent. in dividends. The following refer to
the new Company. £ 8. d.
To April 30, 1892, five interim dividends of 5 per cent. = 25 per cent. 11,78) 15 0
,, October 31, 1892, two interim dividends of 5 per
cent. and 10 per cent. = 15 ,, 8,268 9 0
,, June, 1894, dividend No. 8 = 10 ,, 10,000 0 0
,, October, 1894 ,, ,, 9 = 5 ,, 5,000 0 0
,, January, 1895 ,, ,, 10 = 10 ,, 10,000 0 0
,, June, 1895 ,, ,, 11 = 30 ,, 30,000 0 0
,, July, 1895 ,, ,, 12 = 15 ,, 15,000 0 0
110 ,, £90,049 4 0
___—___—

REMARKS—The June, 1895, dividend is in the nature of a bonus, representing the pro
fits derived from the sale of Chimes West shares. The total loss in 1893 of £13,310 (is. 13
accounted for by extensive changes in the management and equipment of the mine, while at the
same time £13,181 (is. 1d. was allowed for depreciation. This loss was met as follows at October
31, 1893:—
£ 8. d.
To Total loss for year 13,310 6 0
By Balance, October 31, 1892 . £3,131 5 7
,, Reserve transferred to current amount 2,036 14 5
,, Premium on sale of 10,000 reserve shares 15,839 11 0
,, ,, ,, 8T7 ,, 2,096 13 9
Balance, surplus carried forward to credit of
1893—94 — 9,793 18 9

£23,104 4 9 £23,104 4 9

The balance of overdraft at Standard Bank amounted at this period to £20,347 158. 1d. After
an unsuccessful attempt to raise a loan to meet this and the further amount required for completion
of the new battery, the offer of the Consolidated Goldfields of South Africa was accepted as follows!
The Goldfields to guarantee an overdraft of £24,000 for three months at bank rates, the capital of
the Company to be raised to £100,000, and in consideration of the Goldfields Company guaranteeing
the issue of the new shares, an option was given them to take up 5,000 of the new shares at pa!‘ b."
May, 1894. They availed themselves of this option. This arrangement relieved the Company
entirely of the weight of its debt, and left it with nearly £10,000, cash in hand on October 31, 1894
besides £4,000 lent to the Champ d’Or Deep Level Gold Mining Company, Limited (guaranteed by
the Consolidated Goldfields of South Africa).
 W1 TWA TERSRAND MINES. 241

Extracts from Balance-sheet, October 31, 1894.

Liabilities. £ 3. d. | Assets. £ 8. (I.
To Capital 100,000 0 0 ' By Property 12,560 18 3
,, Unclaimeddividends 292 4 0I ,, Buildings... 10,234 6 1
,, Dividends not paid 5,000 0 0 I ,, Machinery and plant 58,234 0 4
,, Salary account 2,735 4 8 ,, Assay ofiice and furniture 279 2 6
,, Sundry creditors 3,184 8 3 ,, Stores 3,991 9 11
,, Profit and loss account, ,, Permanent works 6,924 1 6
balance 10,292 18 11 ,, Development 9,258 4 4
, ,, Dams 1,845 10 1
,, Carts, harness, and live
1 stock 442 12 10
1 ,, Natal Bank, unclaimed
, dividends 154 10 0
l ,, Standard Bank, unclaimed
, dividends 137 14 0
, ,, Cape of Good Hope Bank,
1 notes account 2 10 0
I ,, Standard Bank, current
I account 8,602 11 10
‘ ,, Cash in hands of London
I agents 697 14 1
,, Gold won, since realised... 2,951 17 3
1 ,, Concentrates won, since
1 realised 708 12 6
1 ,, Sundry debtors 323 17 6
' ,, Champ d'Or Deep Level.
I, Gold Mining Company,
‘ Limited 4,055 2 10
,, Chamber of Mines deten
1 ture 100 0 0
£121,504 15 10 ,I £121,504 15 10

Ertracts from Revenue and Profit and Loss Account, Working Expenses and Revenue for
12 months ending December, 31, 1894.
_ _ Working Expenses. £ .9. d. ‘ Revenue. £ 3. d.
To Mimng and hauling... 28,195 13 5 I By Native gold—
,, Transport and milling 9,853 1 9 1 22,508 oz. gold won 81,219 16 9
,, \anmng 1,599 2 11 1 ,, Concentrates—
,, Maintenance... 7,385 3 4 [ Received for 50,195 tons
,, General expenses 3,083 7 11 ' won 5,846 11 5
,, Development 10,411 10 4 I ,, Tailings re-treatment—
17 Balance profit 32,485 16 3 4,116 oz. bullion won 5,947 7 9
@321315 11 £03,013 15g11
Profit and Loss Account.
Dr. 0 _ £ 8. d. I C?‘- £ 8' d‘
To Depreciation 14,198 7 7 By Balance from last year . ,793 18 9
,, Kleinfonteiu Company— ,, Profit for period, 118 P61‘
Royalty on tailings treated revenue account 32,485 16 3
and stores supplied 2,038 8 6
Dividend No. 8, 10 per cent. 10,( 100 0 0
11 n 91 5 :7 57w) 0 0
,, Bonus to directors, 5 per cent.
on dividends declared 750 0 0
,, Balance—surplus 10,292 18 11

£42,279 15 0 £42,279 15 0
"01.. I. R
242 WIT WA TERSRAND MINES.

Gou) Pnonuorlon or THE COMPANY smcn Fonnxnon—Jn December, 1891, it was found
that the Company had enough available ore to justify the increase of the stamping power, then
consisting of a 25-stamp (Sandycroft) mill. Accordingly the ISO-stamp mill of the Kleinfontein Gold
Mining Company, Limited, was hired for a period of one year, while a new 40 heavy stamp
(Fraser 82. Chalmers’) mill was ordered. After the contract with the Kleinfontein Company had
expired and the new 110-stamp mill had been started, the old 25-stamp mill was shut down.

Table showing Gold B'oduction.

‘ l 1 Yield
Ye“ ‘Stem P5.
I moct_t
Tons. Mill. ‘I,Tailin gs.1i C‘mcen'
trates.
Total. 1 er ton ’
*1 (.llk}£]_ I

' l 01.. oz. oz. oz. , dwt.

01a 1 1888 . 10 1,040 933 l _ _ 933 1 _ ,
Company] 1889, 10,20 5,824 5,238 | _ _ 5,238 ‘ -
1890 , 20 1,600 564 1 - ‘ _ 564 — 1
New 1 1891 , 25.75 10,686 7,733 l _ 4 _ 7,783 1 - |
Com an , 1892 1 73 45,734 28,382 1 _ , 884-99 28,382 ; 12798 1 Notin
P Y , 1393 75,23,40 33,671 14,510-9 5,844-85 988-40 21,344-25; 9-374 eluding
1 1894 i 40 47,104 22,508'8' 4,995-6 ‘, 2,323-4 29,8278 1 10543 ; tailings.
l 1 :145,659 | 79,919-7l10,840~45
1 1
4,196-79 94,1.)72-05f1 !

The 1893 production of tailings includes tailings bought from the Kleinfontein Compan , the
Company’s own tailings having got mixed with the Kleinfontein tailings. The whole stoc was
taken over by the Company at 9d. per ton, and realised 4s. per ton, while the tailings at the old
mill realised 4s. 6d. per ton.

Analysis of Working Expenses and Revenue.

Mining ex- Trans- Commis

PerimL _ uses, port and Main- sion on General Total work- Total Net
Inc udmg de- milling tenance. profitsto charges. ing-expenses. revenue. profit.
velopment. expenses. manager.

Half-year
April
ending
30, 1892 er ton.
£ps.
O 18 0'38
d. 8 r11'95
ton.
d. O r 7'12
2.9 ton.
d. r d.
ton.
pe1067 2 .r 209
ton.
cl. 1 10r ton.
£Pea. 8'11
91. ‘2 9r ton.
£1)‘; 9'90
d. 19 n.
Tr 1'79

October31,1892| 1 1 1'87 9 3'13 1 2'55 5'94 2 1'94 1 14 8'43 2 5 3'05 10 11'62

Year ending - Loss.
October81,1893 1 1 7'01 6 8'58 4 7'57 -— B 5'90 1 16 5'08 1 16 4'13 0 095
| Profit.
,, ,, 18941 O 16 4'71 4 1037 3 1'62 I — 1 8'70 1 5 8'40 1 19 5'92 13 9'52

The following tables show all details of work done at battery and re-treatment works during
the year ending October 31, 1894. It will be observed that the monthly output rose from 2,023 oz.
in November, 1893, to 2,511 oz. in October, 1894.
 WIT WA TERSRAND MINES. 243

Details of the work done at the Battery during the year ending October 31, 1894.

Days of 24 1 Tons milllglsper ( . Yield per value P‘ r

home. Stamps‘ 1 milled. stagiapvper 1mm’ ton. ‘ulna’ “mugged

_ i '7 if _i , 7 7* 0T u.
7’ 11mph}... *I— 1111“.
1893.
November... 24 4O ‘ 3,360 ‘ 3'5 l 1,563'75 9'308 5,531 1 12 11
December 27'5 1 40 ‘ 3,850 3'5 1,568'85 8'150 5,525 1 8 8
1894. 1
January .
March
February 26'5
26'?!) l. 40
40 3,710
3,750 35
3'5 1,584'6
1,670'65 8'542
8910 5,676
6,048 11 10
12 37
l 40 4,012 3'4 1,833'45 9140 6,618 1 13 0
May
April 28'5 | 40 I 3,990 3'5 1,958'05 9815 7,101 1 15 7
29 I 40 : 4,060 3'5 1,975'3 9731 7,143 1 15 2
August
July
June 28'75 { 40 | 4,025 3'5 2,024'1 10058 7,228 1 15 11
297:) 40 , 4,254 3'6 2,049'25 9634 7,399 1 14 9
September... 2933
2775 i 40
40 1 3,960
3,885 3'4
3'5 2,055'2
2,066'15 10380
10'637 7,442
7,517 11 18
17 87
October 29'5 ! 40 [ 4,248 3'6 2,159'45 10170 7,849 1 17 0

33687 | 40 X 47,104 3'5 22,503'8 9557 81,077 1 14 5

Add surplus on gold in transit on October 31, 1893 142 O 0 1

Total receipts, as per revenue account 81,219 | 1 14 6

Details of work done by the Vanners during the twelve months to October 31, 1894...

Tons of I Tons of
Amy 1
value of Fine gold
F’“logoId i wor11‘mg
|
Month. ore concen ooncen- in eoncen- “gym-id Value. “1:368
crushed I tmtes won
at battery. ‘on vanners. , waif; per mugs‘ crushed. transport.
, .
__ 1 _ 1
1898. oz. dwt. oz. dwt. dwt. £ £
November... 3,360 335 , 4 O 134 4 ‘8(1) 153
December 3,850 424% 1' 4 4 180 6 ‘937 459 212
1894. l

January 3,710 49'(Bl [ 4 1 200 0 1-078 502 140

February .. . 3,750 43'797
,901 1 4 13) 204 14 _ 546

March 4,012 45'879

| 57 3g
O
6 8
230 5
1 126
1148
19}
659
179
183 476
April... 3,990 32594 4 12 151 8 ‘758 399 193
July
June
August
May 4,060 50044 4 2 206 8 1017 522 155 367
4,025 44'809 3 16 170 5 ‘846 418 189 229
4,254 40778 4 14 193 10 ‘910 517 159 359
3,960 37015 5 5 195 O ‘985 565 132 433
September... 3,885 38'94 ‘ 5 13 220 9 1135 684 173 512
October 4,218 42'119 489
l 5 9 230 8 1'085 709 219
Total 47,104 5019553 I 4122,3221 o '986 6,384 2,087 1 4,247
244 WIT WA TERSRA ND MINES.

Smhmmf of H10 w'sults of Tailings Treatment since the Company’s Cyanide Works
'tL‘l’TC started.

l Assay l I l ,
n n‘ i r' iaiiieofl Fin" 1 cm; i P ft
Tonna e u ‘on 1 me m mgs' old re-i of ‘Value of 1 Cost )er Revenue mi
Mon th. 1I g
treated. - ' Egvexigj
6038mm Id - IKE-fog:
t 1 gcovered , vforlb,1 bullion.
. 1 p mln. 1
ton. r
per ton. I F“.
“an,” per ton.‘ mg. I
l ment. 1 1
71291. 7: V 7‘ oz. 1 7 oz. ‘dwt. gr. ‘11%. cm, _£ £ £ a 7r]. a. (I. i u. 1!.

February 4,923 464'?) , 296's 3 19 , 1 5 9% 1,243 320 , 3 9'0 5 0'6 ,1 3'6

March 4,180 709‘55‘ 476'1 1, 3 8 2 7 855 1,997 1,142 4 1'1 9 6'7 |5 5'6
April 1 3.610 528-5 ; , :1 20 V 1 20 665 1,394 , 729 1 3 e3 7 8'7 4 04
May , 3,420 471'9 322'1 ! 3 8 1 21 565 1,347 , 781 ‘ 3 3'7 7 106 4 6'9
June ...1 1,900 374'25 244'9 ‘ 2 2O 2 14 398 1,027 , (528 1 4 2'3 10 9'6 6 7'3
July .1 2,090 3665 1 225'0 l 2 13 2 3 384 942 557 ‘ 3 8'0 9 0'1 5 4'1
August 1 2,660 398'1 l 2462 i 2 20 1 20 504 1,029 ‘ 526 ' 3 9'4 7 8'8 13 1111
September, 2,850 4451 1 2807 2 15 1 23 415 1,173 i 758 l 2 109 8 2'7 5 3'8
October...‘ 1,805 3522 3 205-1 1 220 l 2 6 355 859 , 50013111 9 6-3 5 72
Total... 1 ‘27,438 4,1101; ‘2,6303 ' :1 :1 1 1 22 5,064 ‘ 11,011 25,947 so I e 03 :4 40

The subjoined statement gives details of the Company’s monthly output :—

Month. Buttery. ’ Cyanide works. Total.

18:3. oz. 1 oz. 02.

November 1,563-75 [ 460 ‘ 2,023'75
December 1,568'85 , 425 ‘‘ 1,993'85
1894.
January 1,584-6 L _ 1,584-6
February ... ... ... ... 1,670'65 4645 2, 135-15
March 1,833'45 70955 2,543
April ... ... ... ... ... 1 ,958'05 528'5 2,486'55
May 1,975'3 471'9 2,447'2
June 2,024-1 I 37425 2,398'35
July ... ... . .. . .. ... 2,049'25 366'5 2,415-75
August 2,0552 1 398'1 2,453'3
September 2,066'15 [ 445'1 2,511'25
~Oct0ber 2,159-45 ‘ 352-2 2,511-65
22,508-8 l 4,9951; 27,5044
From 501-95 tons of concentrates 2,3234

Total output 29,827-8

* Recovered by Tailings Syndicate.

The production from November 1 (date of the last report) to June 30, 1895, has been as
follows :—
Tonnage. Yield.
tons. oz.
Mill 32,976 17,0134
Tailings 17,860 2,834'18
Concentrates 3205 producing in cash £4,459 98. 2d.

DnscRIP'noN on THE PROPERTY.-—Situated 0n the farm Benoni, in the eastern part of the
\Vitwatersrand, adjoining the Kleinfontein and Van Ryn mines. It consists of 48 claims, of which
11 are on the Chimes Reef outcrop. There is a good water-right on which a dam holding 15,0(1),000
gallons of Water is constructed. The title to the property is secure, the claims being specially
registered. The Company formerly owned the Florence block of 22 claims, including 12 on the
 WI T WA TERSRAND MINES. 245

outcrop of the Kleinfontein Reef. In May, 189."), these claims were solzl to the Chimes West,
Limited, for 18,000 shares. (For plan, see Volume III.)
TECHNICAL INTELLIGENCE—Th6 length of the property on the strike of the reefs is about
2,400 ft., and varies in width up to 1,900 ft. Three reefs are proved on the property, known
as the North, the Chimes, and the South Reefs. Two main shafts have been sunk. The
reefs have a slight dip towards the north-west, but in lower levels are almost vertical. In the 5th
level they dip slightly to the south, and as the property extends nearly 900 ft. to the south of the
shaft, the reef is retained for a. good depth. The reefs in the upper levels varied very much in
width, consisting mostly of bands of conglomerate interstratified with layers of sandstone. On
the 2nd level, the width of roof matter varies from 3 to 7 ft., the average being 41; ft. The dis
tance between the reefs is shown in cross-cut at 3rd level to be 58 ft. between South Reef and
Chimes Reef, and 64 ft. between Chimes Reef and North Reef. Several dykes have been found,
but at greater depth they narrow down. Through the interference of the dykes the reef seems to
have folded over, doubling itself for a considerable distance, and being of 15 ft. width in some
parts. On October 31, 1894, the main shaft was down 44 ft. below the 7th level, or a total depth
of 694 ft. The North Reef was struck at the 5th level, and was of considerable richness, and is
now proved at the levels above, as well as at the 6th level.
ORE RE§ERVE‘S.—Th6 ore-reserves have been increased from 17,500 tons to 41,924 tons during
the year, made up as follows :—
tons.
Ore-reserves on October 31, 1893 17,500
Developed during the year ended October 31, 1804 71,528
89,028
Milled during period 47,104

Ore in sight at October 31, 1804 41,924

The mine is therefore almost one year ahead of the mill. A sorting-floor erected in August, 1894,
has enabled the Company to reject almost 20 per cent. of waste rock.
MINING INTELLIGENCE.——The property is intersected by four reefs, viz. : The North Reef,
Bastard Reef, Chimes Reef, and South Reef. Of these four reefs two only are worked at present,
viz. the Chimes Reef and the North Reef, when found payable. The reefs extend through the
property to a length of 850 ft. with a dip of 457 ft., but as the reefs dip at 75°, as far as is at
present known, the mining depth will be approximately 1,900 ft. or about 6 levels from the present
workings. 8 levels have been sunk: Levels 1 to 5 are exhausted, 6 is half exhausted, 7 and 8 are
intact. 47,000 tons of ore remain in the mine up to that level. The Chimes Reef has an average
width of 2 ft. 6 in., and the North Roof of 14 in. The average value of both reefs together is
013 dwt. 17 gr.; tailings, 2 dwt. 10 gr. ; the concentrates assay 4'12 dwt. 23 gr. ; 20 per cent. of
the ore is discarded as valueless in sorting.
EQUIPMENT.——The whole of the plant, mill, shaft, and cyanide are centralized at the mill, and
all the plant is steamed from the mill’s boilers. Main verlical shaft: Depth, 830 ft. ; size, 12 x 6 ft.,
divided into three compartments (two hauling and one pump- and ladder-ways) fitted with a wooden
head-gear, 55 ft., with two safety cages. Pumps .' Two 6-in. and one 8-in. Cornish pumps, driven
by one 16 h.p. Tangye pumping engine. One 40 h.p. Tangye horizontal-geared, independent drums
winding engine ; and one 16 h.p. Tangye, to drive crusher. Compressing plant: One duplex com
pound Rand Drill Company’s air-compressing plant, 18x30 in., to drive 15 drills, Slugger and
Ingersoll plant being in use. Crushing and Sorting-floors are erected at the head-gear. This
plant consists of grizzlies, and two 8 x 10 Blake crushers.
Mill : The milling plant consists of 40 Fraser & Chalmers 920 lb. stamps, fitted with “Challenge ”
ore-feeders. In a separate building, 16 frue vanners, driven by one small separate Tangye engine.
Mill engine: one 80 h.p. 18 x 42 in. Corliss’ surface condensing engine. One small auxiliary Tangye
engine as auxiliary to drive ; three Elwell & Parker dynamos, to distribute light to mine and surface
works; one 10-in. tailings pump, elevating the tailings to a height of 50 ft. The whole of the
above plant is steamed from a central boiler station, consisting of five 60 h.p. Fraser 8:. Chalmers
multitubular externally-fired boilers.
Cyanide Works: From the mill the tailings are discharged by means of the pump above
described into three settling vats, fitted with Butter’s rotary distributors, and from these trammed
into six (200 tons capacity) leaching vats built of cement. The vats are discharged by means of
a steam crane, which lowers the body of the trucks into the vats and replaces them when full on
their carriage. 3 solution vats, built of cement ; 3 extraction boxes; 1 Gwynne centrifugal
pump, driven by electricity, to pump solutions; 1 small auxiliary engine. Workshops : These

‘ESE LlPFtA/IY
0! TH:
UNIVERSITY
\Cwi’ewr
246 WIT WA TERSRA ND MINES.

contain 1 steam-hammer, 4 forges, blown by compressed air, and fitted with auxiliary Root‘s
blowers, and a complete set of machine tools.
GENERAL REMARKS.—By the sale of the Florence block to the Chimes West, Limited, the
Company received 18,000 Chimes West shares. These were realised, the result being seen in the
30 per cent. dividend declared in June, 1895. In addition, shareholders were entitled to apply for
one Chimes West share at 228. 6d. in respect of every two New Chimes shares held.

NEW COMET GOLD MINING COMPANY, LIMITED.

Formed in 1889, and r0-formed in 1892 and February, 1805.
CAPITAL—£225,000 in £1 shares; 182,486 shares issued and fully paid up.
Directors.
Gm. FARRAn, G. ROULIOT, J. C. A. HENDERSON, C. S. GommANN, JAMfi HAY, and ABE BAILEY.
London Committee.
E. VVAGG, S. NEUMANN, MAX MICHAELIS, and F. A. Ronnzsox.
Secretary and Head Oflice.
G. W. HIGGINS, Bettelheim Buildings, Johannesburg.
London Secretary and Ofiice.
W. HENDERSON CLARK, 170—3, Winchester House, Old Broad Street, E0.
FINANCIAL His'r0RY.—The Capital of the Company was originally £200,000. In October,
1892, it was reconstructed by the H. F. Syndicate as follows :—
Capital, £100,000.
To old shareholders... 22,500 shares.
To H. F. syndicate, for finding £15,000 working capital 52,500 ,,
Held in reserve 25,000 ,,

£upgno
The working capital proved insufiicient to develop the property, and the Company was subsequently
financed by the East Rand Proprietary Mines. At the beginning of 1895 the amount owing was
abtlmt £40,000. On January 29, 1895, the Company was reconstructed by increase of capital, as
fol ows :—
Comet Company, £75,000 issued —2 shares for 3 old ones . .. £50,000
East Rand Proprietary Mines, for 56 claims . 50,000
Working capital issued at 25s. per share, offered to Comet Company
shareholders pro rata 75,0(1)
Reserve 50,000

£2254xx)
Comet shareholders were offered the right of subscribing share for share to the working capital at
253. per share, and the registered shareholders on January 29, 1895, had also the right of taking
up pro rata, on or before November 30, 1895, the 50,(X)0 reserve shares at 308. per share. The
issue of 75,000 shares at 258. was guaranteed. The East Rand Proprietary Mine being holders of
64,364, applied for their equivalent of the working capital, viz. 46,364, which they again offered to
East Rand Proprietary Mine shareholders at the rate of 1 share for 10 East Rand Proprietary.
Under this scheme, including the option, the Company receives £168,750. The debts of the Company,
amounting to £40,000, were paid out of this amount, reducing it to £128,750. The new equipment
is estimated to cost £100,000, and it is calculated that after payment for the entire new equipment
the Company will still have a balance in hand of about £20,000. ‘7,486 of the reserve shares
have been taken up, leaving a balance of 42,514 in hand.
Dmcmr'rlos or Pnoranrxn—Consisted originally of 3661 claims, of which about 16 are
on the strike of the reef and the balance on the 1st and 2nd dip, giving an average dip of about
1,000 ft. from the outcrop of the North Reef. The 5716 claims adjoining the above immediately
to the south have since been added, giving a total area of 9377 claims. The South Reef
was formerly only in the north-west corner of the Comet. Now that other claims have been
added the life of the mine is estimated at 44 years with a 40-head mill. According to an
estimate of the consulting engineer, the Comet Company, as it existed with 3661 claims,
had 25 only which were reef-bearing. The distance along the strike of the reef is 2,550 ft.,
 WIT WA TERSRA ND MIXES. 247

the average distance of the outcrop from the south boundary was about 650 ft., and taking the
average dip of the reef at 45°, the reef would pass out of the old company’s ground at a vertical
depth of 650 ft., and the length of the ore backs would average about 950 ft., equal to 9 levels.
Allowing an average dip of 35 per cent. for possible flattening, and 10 per cent. for dykes and
faults, and taking a width of 31: ft. for the reef, the tonnage in the 3661 claims from North Reef
only would be 485,000 tons, or about 8 years’ life for a 40-stamp mill. The southern Reef only
occurred in the Comet’s old ground for a length of 350 ft. at the western end. The 42'44 claims,
which the consulting engineer suggested should be added, gives the Northern Reef an average
width of dip ground of 1,600 ft., and based upon a dip of 35°, the total tonnage is estimated at
1,160,(X)0 tons, or a. 20 years’ life with 40 stamps. The southern series, with the addition of the above
4244 claims, has an average width of dip of 890 ft., and taking the dip at 35° the tonnage calcu
lated is 670,000 tons, or 11 years with 40-stamps. This gives 31 years. To make the life of the mine
40 years, the estimated tonnage on the above bases should be 2,320,000 tons; and in order to make
up this tonnage 14'7 further claims, as estimated by the consulting engineer, have been added. The
claim property therefore consists of 3661 claims original holding; 42-44 acquired from East Rand
Proprietary Mines; and 14'? ceded by the East Rand Proprietary Mines. Total, 9312 claims.
(For plan, see Volume III. )
MINING IN'rmLIGEVCK—Rcefs .' Hitherto the only reef developed is the North Reef ; now a shaft
is being sunk to intersect the South Reef as well. The width of the first reef varies from 3 to 12 ft.,
but the best part of the reef is a leader 2 to 8 in. wide, which is almost invariably found on the
hanging wall of the reef. In estimating the value of the reef over a 3 ft. stope, the full width of
the hanging-wall leader is taken into consideration, and sufficient of the foot wall adjoining to make
' up a milling width of 3 ft. With the addition of dip-claims the Comet will be able to mine two
reefs. In a borehole No. 1, at a depth of 392 ft. from surface, the South Reef was struck—width,
9 ft. 6 in.—and the bottom layer of 12 in. assayed 1 oz. 13 dwt. 6 gr. A new incline shaft,
16 x 5 ft. inside of timber, is being sunk to intersect the South Reef at or near the bottom of this
borehole. This shaft was 130 ft. deep in April, 1895. At present this shaft is fitted with
temporary gear, but a complete plant has been ordered, consisting of a 15 x 30 in. geared winding
engine, 16x 36 in. Corliss’ pumping engine, 8 in. Cornish pump, two 80 h.p. boilers, and a 50 ft.
head-gear with sorting-floor.
DEVEIDPMENT.——The mine is being worked by a main vertical shaft situated about in the
middle of the roperty. It is fitted with a double cage-way, a 6-in. plunger-pump, with surface
T-bob and pitc -pine pump-rods and ladder-way. Over this shaft is a itch-pine head-gear 54 ft.
high, with a landing-stage and a double-sided ore-screen and sorting- oor attached, and a water
service for washing the ore. The shaft is sunk to the 4th level and 18 ft. below. The double cage
way and the ladders are completed to 4th level. Stations are cut at each level to facilitate the
transport of the cage. This shaft passes through the reef between the 3rd and 4th levels, and at
the 4th level it is 35 ft. north of the reef. In order to keep this shaft about the same distance
(35 ft. north of the reef) it is changed from a vertical into an incline shaft at the 4th level. The
total depth of the shaft from surface is 389 ft. lst Level is extended to the extreme west boundary:
the extension eastwards is proceeding. The total length drifted on this level is 2,068 ft., of which
261 ft. are in dyke. 2nd Level.‘ Drifted 1,558 ft.; all in reef except 160 ft. The drift west is
temporarily stopped, but that going east is developing vigorously. 3rd Level: Drifted 558 ft.;
all in reef except 150 ft. 4th Level: Drifted 56 ft.; all in reef except 150 ft. The 3rd and 4th
levels are being extended by means of rock-drills.
Dip of the Reef: Down to 1st level 47°. Average dip, 45°.

i Mine development, Additions _to April, , Total development,

I April, 1894. 1895 April, 1895.

, ft. fl’. ft‘.

Shaft . 121.1, ass 409.1;
\Vinzes 340 383 I 723
Rises i 158 313 471
Drives, in Level I 1,661 407 } 2,068
,, 2nd ,, ...| 130 1,428 1,558
,, 3rd ,, _ ass I see
,, 4th ,, ...i _ 56 = 56
Cross-cuts I 545 122 I 097

[ 2,995._% 3,585 f 6,".01.

 248 WIT WA TERSRAND M I NES.

The total lengths opened on the reef are :—

ft.
lstLevel 2,086
2nd ,, 1,558
4th
5rd ,, 56

Total 4,288
ft.
Less in dyke, 1st Level 261
,, ,, n ,, 160
,, ,, 3rd ,, .. 100

Total in dyke .. . . .. 571

Total length opened in reef exclusively 3,6979

The following amounts have been added to the mine footage during the year 1894-£5 :—
t.
Shafts 288
Drifts 2,479
Winzes 383
Rises 313
Cross-cuts 152

Total 3,615

Ore-Reserves and Value.

‘P Increased from May,
In April, 1894. Assay value. 1894, to April, 1895.
tons. dwt. tons.
Above lst level, 29,000 22'96 8,800
,, 2nd ,, 3,000 13'50 30,260
,, 3rd ,, — — 10,“)0

32, Increased by 49,060

Ore-Reserves, October 31, 1894.

Assaying per ton.
tons. dwts.
Above 1st Level 32,000 21'20
,, 2nd ,, 18,760 15'50
,, 3rd ,, 1,650 2000

Total .. . 62,410 ... . .. 19'00

Ore-Reserves, April, 1895.

Total the reserves and average value distributed over total reserve :—
Average assay value.
tons. dwt..
Above 1st Level 37,800 (fire assay)
,, 3rd
2nd ,, 33,260
10,000

Total 81,060 1680

Total ore-reserves (end Juneilt895), 92,504 tons.
The value of the ore developed during 1894—5 shows a decrease in value as compared with
the ore exposed during the previous year, which reduces the average value of the ore-reserves.
There are, however, indications that the value of the ore in the drives east, 3rd level, and those on
4th level, east and west, will expose a higher grade ore, and will again raise the average value.
 _lVITlVA TERSRAND MINES. 249

The one tonnage and assay value, given above, are calculated over a width of 3 ft., notwithstanding
that it may be necessary to send a greater width to the mill.
EQUIPMENT.—-Main Shaft : 12 x 24 winding engine, 20 h.p., fitted with two independent
drums. Pumping engine, 16 h.p., with Cornish pump. An air compressor plant, with 16 drills.
This plant is running the rock-drills, a pump and air-hoist. To steam these engines two Ruston 8t
Proctor multitubular boilers are erected—one 80 h.p. and the other 60 h.p. The surface equipment
is increased by a 80 h.p. multitubular boiler. Head-gear, 60 ft. high, with sorting floor. Vertical
shaft is equipped with single cage-way and cage, 6-in Plunger pump, pitch—pine pit-head, 20 ft.
high, a 16-h.p. winding engine, a 12-h.p. pumping engine, and two locomotive boilers of 15 and 25
h.p. respectively. New Plant and Equipment : A new (SO-stamp Fraser & Chalmers heavy stamp
mill—1,050 lbs—has been erected, and started milling in September, 1895. The whole plant is
lit by electricity, and the water service pumps are operated by the same motive power. A cyanide
plant, with a capacity for 60 stamps, has been constructed. Commodious machine shops have been
erected. The machine tools are being driven by a separate engine, which is steamed from the
main shaft steaming plant. Water supply: The Company has an ample water supply. A dam
has been constructed on tho Angelo property, midway between the St. Angelo and Ramsay shaft,
capable of holding 50,000,000 gallons. From this dam the New Comet will derive its water supply.
VALUE or ORE AND Tasr-cavsnms—In 1894 a test-crushing of 1,500 tons was made, resulting
in an average recovery of 148 dwt. per ton. The manager estimates that through the development
above referred to, the average will be somewhat reduced. He nevertheless, estimates a recovery
of 13 dwt.
Amount of tons crushed : 1,500.
oz. dwt. per ton.
Gold from amalgamation 73445 = 7'792
,, ,, cyaniding 27800 = 3'706
,, ,, concentrates 98'60 = 3'14

Total gold 1,111'05 = 14638

GENERAL REMARKS.—Th6 test-crushing of 1,500 tons gave a net result of 148 dwt. r ton.
The manager estimates a recovery of 13 dwt. from the Northern Comet Reef. The value 0 the ore
so far developed is 1680 dwt. for 36 in. Mr. George Farrar, the Chairman of the Company, who
has closely identified himself with the East Rand Proprietary and subsidiary companies, estimates
a profit of 15s. per ton. In his opinion, once development is sufi‘iciently ahead to enable South
Reef to be crushed, the value of the ore would be increased. Assuming Mr. Farrar’s estimate of
15s. per ton profit to be correct, and supposing, with 60 stamps crushing 5 tons per day, the total
tonnage per month to be 8,700 tons, the profit per month will be £7,025.

NEW CRCESUS GOLD MINING COMPANY, LIMITED.

Formed in 1887, and rc-formed in 1891.
CAPITAL—£500,000 in £1 shares ; all issued and fully paid up.
Directors.
W. H. Annna (Chairman), Cnaanrs MARX, J. FRIEDLANDER, T. M. C. Novnsn, J. TUDBOPE,
S. B. JOEL, and WooLr JOEL (alternate H. FREEMAN Comm).
Secretaries and Head Ofli'cc.
Johannesburg Consolidated Investment Company, Limited, Johannesburg, Transvaal.
London Secretary and Ofll'cc.
C. C. CANNELL, 120, Bishopsgate Street, E.C.
CAPITAL CHANGES AND HIs'r0RY.—The original Company was called the Croesus Gold Mining
Company, formed in 1887, with a capital of £25,000, of which 17,500 shares were paid to the vendors,
5,000 were subscribed at par for working capital, and 2,500 were shares held in reserve. In 1888
the capital was increased to £65,000, including provision of further working capital to the amount
of £20,000. Total capital supplied to the original Company amounted, therefore, to about £25,000.
In 1890 the title of the Company to its property became uncertain, which made a compromise
necessary. An agreement was made accordingly, by which the Langlaagte Estate accepted £6,000
cash for an unencumbered title. A previous scheme for reconstruction was then abandoned and
the following substituted: The Company to be reconstructed as the New Croesus Gold Mining
Company, Limited, with a capital of £26,000, with authorisation to increase to £75,000. This
scheme was carried, and the appropriation of the capital was as follows :—
250 WITWA TERSRAND MINES.

To the shareholders of the old Company 26,500 shares.

,, liquidators ,, ,, 500 ,,
,, Langlaagte Estate in settlement of title 6,000 ,,
Shares issued for working capital 42,000 ,,
Total 75,000 ,,

Of the shares issued for working capital, 4,000 were sold at 218. per share, and 36,00) at
228. per share, realizing in all £45,800, thus netting a premium of £3,800. In April, 1893, the
capital was increased to £225,000, with the following apportionment, and for the purpose of
acquiring the assets and property of the Western Langlaagte Gold Mining Company.
To the old shareholders of this Company, being share for share 75,000 shares.
,, \Vestern Langlaagte for its assets 78,750 ,,
,, ,, in settlement of the bond held by the Pot
chefstroom Exploration Company on the property of the
Western Langlaagte 10,000 ,,
Issued to the shareholders of the new Company pro rats to their holdings,
at par 19,218 ,,
Johannesburg Consolidated Investment, as guarantors of_ the above issue,
taken up at a premium of 2s. 6d. per share 12,032 ,,
Shares held in reserve . . 30,000 ,,

Total 225,000 ,,
The guarantors secured the option of taking up 15,000 of the 30,000 reserve shares within 9
months, and the other 15,000 within 12 months, at 258. per share. The first of these options had
been exercised before the next reconstruction took place, and the total capital supplied at this
stage was as follows: 19,218 shares taken up by shareholders at par, £19,218; 12,032 shares
taken up by guarantors at 223. 6d., £13,536; 15,000 shares taken up by guarantors at 253.,
£18,750; total, £51,504. This still left the second 15,000 shares in reserve, and these were
taken up by the guarantors later on, thus bringing the total capital supplied under this recmr
struction, by adding the proceeds of the 15,000 reserve shares taken up at 258. per share, £18,750,
up to £70,254. In March, 1895, the capital was again increased to £500,000, by the creation
of 275,000 new shares, principally for the purpose of acquiring the property of the Crmsus Deep
Level Company, and this on condition that the working capital of the new Company should not be
less than £45,000, paid up, to be handed over by the Croesus Deep Level. The scheme was carried
through, and the 275,000 new shares were appropriated as follows : 250,000 shares to the Crmsllfl
Deep Level in exchange for their property and their working capital of £45,000; 25,000 shares
offered to the shareholders at 47s. 6d. per share, all those not taken up being guaranteed by
the Johannesburg Consolidated Investment Company, Limited. This arrangement provided the
following additional capital under this reconstruction: The working capital of the Crmsns Deep
Level, handed over to this Company, £45,000; 25,000 shares taken up at 478. 6d. per share, £59,375;
total capital supplied under this reconstruction, £104,375.
Recapitulation .' £
Total capital supplied by the original Company 25,000
,, ,, under the first reconstruction 45,800
,, ,, ,, second ,, 70,254
,, ,, ,, third ,, 104,375
Total capital supplied up to date £245,429
ACCOUNTS AND FINANCIm—The accounts are made up annually to September 30, and sub
mitted towards the end of the calendar year. The position of the original Company shortly before
the first reconstruction was as follows: May, 1891, cash in hand, £5,000; property account,
£40,760; permanent works, £4,973; buildings, £1,012; machinery, £7,925. During the year
after the reconstruction, terminating September 30, 1892, the gold produced realized £38,132:
and, adding the premium on shares sold during that period, namely, £3,800, the net profit
amounted to £14,868. Of this £7,500 (10 per cent.) was paid in dividends, leaving a credit
balance of £7,368. After the second reconstruction, the Company had in hand, cash-balance and
proceeds of new shares sold, about £70,000. With a view of facilitating the absorption of the
Western Langlaagte the Company had gradually acquired 58,769 shares in that concern. These
were cancelled when the amalgamation took place, as well as the 18,731 remaining shares of that
Company’s nominal capital, which were not provided for under the amalgamation scheme. The
 IVITWA TERSRA ND MINES. 251

above 58,769Ishares were originally acquired by this Company for £23,313 cash, which must there
fore be added, when making up the purchase price of the W'estern Langlaagte concern.
Balance-sheet and Profit and Loss Account as at September 30, 1894.
Balance-sheet.
Liabilities. £ 5. d. I Assets. £ a. d.
To Capital account 225,000 0 0 1 By Claims and water-rights 138,138 7 11
Less reserve shares 15,000 0 0 ,, Machinery and plant 16,160 17 9
»~——— ,, Buildings 6,830 15 5
£210,000 0 0 ,, Permanent works 8,247 11 1
,, Sundry creditors 2,090 10 0 1 ,, General improvement 790 17 2
,, Profit and loss 3,458 14 6 ‘ ,, Development 16,968 6 8
,, Assay plant 100 2 10
1 ,, Stores 1,799 16 8
, ,, Live stock 104 15 6
, ,, Furniture 179 6 0
,, Sundry debtors 832 1 9
‘, ,, Native passes 13 8 0
,, Bills receivable 8,400 0 0
l ,, Insurances prepaid... 17 18 6
, ,, Cash in hand 16,964 19 3
£215,549 4 6 , £215,549 4 6

Profit and Loss Account for the year to September 30, 1894.
Dr. £ a. (I. ‘ Cr. £ 8. d.
To General expenses 2,616 12 3 I By Balance brought forward 6,976 8 3
,, Maintenance 1,779 14 1 ,, Premium on shares 3,750 0 0
,, Laboratory expenses 129 12 0 ,, Concentrates sold 36 19 6
,, Insurance 5 8 4 ,, Dividend No. 2 account, un
,, Ot’fice rent 48 0 0 claimed 64 14 6
,, Licenses and rates 1,593 0 0 l ,, Interest and commission 1,804 15 11
,, Medical expenses 186 17 4 l
,, Salaries 2,414 19 8 f
,, Special bonus account 400 0 0 ,
,, Balance 3,458 14 6 ,
£12,632 18 2 , £12,632 18 2
DL'I‘AILS OF PRODUCl‘ION.—-The original Croesus Company only had a 10-stamp mill erected at
the original water-right, being a considerable distance from the claims. This was later on taken
down and sold, while in 1892 and 1893 crushings were made at the United Langlaagte Mill with
from 10-30 stamps. The Western Langlaagte had a 50-head mill, which was taken over on amal
gamation with this Company, but was subsequently sold to the New Black Reef Gold Mining
Company. In 1893 crushing was finally suspended, the proposed 60-head mill being then in course
of erection. This mill was started early in June, 1895. At the same time cyanide works of a
capacity of 6,000 tons monthly were started. 60 stamps more are now under order.
Past production of the C'rwsus and ll'vstern Langlaagtc up to time of amalgamation, when
crushing was suspended :—

Croesus. Western Langlaagte.

Year. Stamps. Tons crushed. Oz. Stamps. Tons crushed. oz.

1888 10 214 I 749 | -~ - -

1889 10 4,242 3,798 — l -— —
1890 10 5,133 1 4,557 10 1,317 707
1891 10 7,971 1 4,046 10—30 I 13,088 5,038
1892 15—30 26,671 , 11,507 30—20 11,548 4,508
1893 10 989 ‘ 419 20 ‘ 6,915 2,061

45,220 25,070 r 32,868 12,314

252 IV] TWA TERSRA ND MINES.

Recapitulation: Total tonnage crushed by Crtesus Company, 45,220 tons 25,076 oz.; total
tonnage crushed by Western Langlaagte Company, 32,868 tons, 12,314 oz. ; total tonnage extracted
from mine and total production of gold, 78,088 tons, 37,390 oz. As will be seen from the above
figures, the yield from the Croesus is slightly over 11 dwt. per ton, while the Western Langlaagte
has returned 7 .1; dwt. only. During the year 1892, when the most continuous crushing took place, the
yield per ton by the Croesus Company was 9 dwt. 3'506 oz., the value thereof being 338. 10‘838d.
Most of the tailings and concentrates were disposed of by sale.
DmoRrP'rIoN or THE PROPERTY.—The property now consists of about 246 claims situated on
the western portion of the farm Langlaagte, Witwatersrand, between the property of the Lang
laagte Block “B ” to the east and the property of the Langlaagte Star Gold Mining Company to the
west. The distance from Johannesburg is about 4!; miles west. The claims are disposed in the
following way: (1) 45 claims in two rows of 221; claims each on the outcrop and on the first dip.
These claims are held under lease from the owners of the mynpacht at a rental of 308. per month
and per claim in perpetuity, or as long as the Company will pay the rental. (2) 47 claims, being
on the second, third, and partly fourth dip of the eastern portion of the above block. These claims
were originally transferred by the owners of the mynpacht to the Potchefstroom Gold Mining
Company, and by this Company to the Bantjes Company, which in turn transferred them to E.
Bruch, who transferred them to the W'estern Langlaagte, and in 1893 they were included in the
amalgamation of the Western Langlaagte with this Company. (3) 154 deep-level claims in about
5 rows adjoining the above to the south—average about 30 claims in each row. The claims as
above were obtained in the course of years and under the different amalgamation and recon
struction schemes. (For plan of property, see Volume III.)
The original Croesus Company had 16 claims on the Main Reef, which were intersected
by the claims of the \Vestern Langlaagte. The eastern block consisted of outcrop claims, the
western of 9} outcrop claims, the remainder being north of the reef. Besides these the original
Company had 36 claims on the Bird Reef, together with a most valuable water-right ; these claims
in course of time became valuable dip claims, although about half a mile south of the Main Reef
series. The Western Langlaagte brought into the amalgamation some 32 outcrop claims, partly
on the North Reef, partly on the Main Reef, intersecting the Croesus outcrop claims as explained
above ; and in addition to this it contributed the 47 dip claims, specified as No. 2 property as above.
The Crmsus Deep Level consisted of about 118 claims to the south of the above blocks and to the
north of the 36 deep level claims of the original Croesus Company ; total, 246 claims.
EQUIPMENT.—45 ft. head—gear, with ore-bins and sorting-floors; 2 No. 5 Gates crushers at
head-gear, driven by one 10 in. X 22 in. Tangye engine ; a pair of Ruston & Proctor 14 in. X 24 in.
geared winding engines; 14 in. X36 in. Corliss geared pumping engine; half Duplex Ingersoll
Corliss air compressor, steam and air cylinders 18 in.x36 in., 8 drills capacity; four 100 h.p.
Heine boilers ; Lowcock’s economiser.
Mill : One 60 stamp (1,050 lb.) mill in two rows of 30, back to back; 1 Tandem compound sur
face condensing engine, 14 in. and 26 X 42 in., by Allis &. Co. This engine will drive the mill and
electrical works. Electrical Plant: Lighting dynamo of 400 16 candle-power lights capacity;
generator for electrical plant; dynamo for cyanide works; auxiliary engine, in case of stoppages
of the mill engine.
Cyanide .' Complete cyanide works, with Siemens & Halske precipitation. This plant will
have a capacity of 6,000 tons per month. The tailings will be elevated from the mill to a set of
settling tanks by a tailings wheel. The ore is conveyed to the mill by mechanical haulage.
MINING INTELLIGENCE—The exploration of the mine is confined to a lineal stretch of 4,000 ft. on
the Main and South Reefs; of this 1,500 ft. west of shaft is still unexplored. The main shaft is sunk
to avertical depth of 540 ft., being 110 ft. below the 4th level ; 20 ft. only of sinking being required
to open the 5th level. At the let and 2nd levels, 800 ft. of development has been made on both Main
and South Reefs. The 3rd level has been opened 1,100 ft. on both reefs. Driving is now pro.
ceeding towards the western boundary, which will give 3,000 ft. on each of the two reefs and in
each level. Assays taken systematically all along the line of development show: Main Reef,
14'420 dwt. ; South Reef, 14'460 dwt. ; while during the advancement of the development it‘has been
found that the reefs have a greater workable width than at first anticipated, viz., Main Reef, 4 ft.
3 in. ; South Reef, 2 ft. 6 in. At the starting of the new 60-stamp mill the ore-reserves amounted
to about 200,000 tons of ore in sight, of which 150,000 tons were above 3rd level, and 50,000 tons
at 4th level. This, taken at 7,000 tons per month for the 60-stamp mill, represents a stock ahead
of mill requirements for over two years. The dip of the reef is about 39°.
GENERAL REMARKs.—The Company possesses a good plant. The cyanide works were erected
by the Rand Central Ore Reduction under the personal supervision of Mr. C. von Gernet. The
next three months should he a test of the mine.
 WIT WA TERSRA .VD MINES. 2;") 00

NEW FLORIDA GOLD MINES, LIMITED.

Formed in May, 1889.
CAPITAL—£125,000 in £1 shares; all issued and fully paid up.
Directors.
W‘. H. Rooms (alternate H. A. ROGERS), D. J. PULLINGER, J. JEI'PE (alternate E. Hsxcocu),
A. BAILEY (alternate J. G. Conner), CAPI‘AIN E. F. Rnoom, and S. B. JOEL.
Secretaries and Head Oflice.
BLAIKIE & PIERSON, Johannesburg, Transvaal.
APPROPRIATION or CAPrrAu—To vendors, 80,000 shares; for working capital, £25,111).
Reserve shares, 20,000, lately sold for 218. 6d. per share. Total capital supplied, £52,500. A
scheme for the reduction of the capital to £30,000, submitted in November, 1800, was subsequently
_ withdrawn.
ACCOUNTS AXD FINANCE.—Balance-sheet to April 30, 1891 (last issued).
Balance-sheet.
Liabilifies. £ , s. d. Assets. £ 8 d.
Capital account 125,000 0 0 Property account 80,000 0 0
Less reserve... .:. 20,000 0 0 Sundry debtors 1,352 1 9
———_ Tree-planting 1,238 0 0
£105,000 0 0 Buildings 671 0 0
Sundries 288 9 4
Loan account 13,950 0 0
Cash in bank 2,307 6 0
Cape of Good Hope 1,944 0 0
Profit and loss account balance 3,249 2 11

£105,000 0 0 £105,0w 0 0
There was no revenue except from interest on money lent. In 1891 the Company was placed in
liquidation and 3s. 6d. per share distributed. The liquidation was, however, stopped in 1802, and
the property has since been husbanded.
DESCRIPTION OF THE PROPERTY.—The property consists of about 4,500 acres of freehold
ground, being a portion of the farm Maraisdrift, district of Heidelberg, about 6 miles from that
town, and about 35 miles south-east of Johannesburg.
GENERAL REMARKS—The farm lies to the south-west of the Nigel Gold Mining Company, and
is supposed to contain the continuation of the Nigel Reef. Besides this there are indications of
roof outcrops, all of which show assays varying from 2 to 11 dwt. A good many shafts were sunk
in the early part- of the existence of the Company. Some £3,500 was in this way expended on
prospecting, when it was found advisable to stop further work.
The capital is to be increased to £200,000, the shareholders being offered 37,500 new shares
at 50s., while the guarantors will have an option over the other 37,500 at 608. for a year. 650
morgen (the northern portion), and 650 morgen (the southern portion), on Maraisdrift are to be
transferred to the North Florida and South Florida Gold Mining Companies, this Company receiv
ing 100,000 shares in each.

NEW GIPSY GOLD MINING COMPANY, LIMITED.

Formed in 1888, and re-formcd in Juno, 1893.
CAPITAL—£45,000 in £1 shares; all issued and fully paid up.
Directors.
JAMES DURHAM (Chairman), H. Muxm‘, J. A. Rooms, A. HERZBERG, W. F. LANCE, and
J. H. CURLE.
Secretary and Head Oflicr.
JOHN HALLIDAY, 16, Mercantile Buildings, Johannesburg.
. ‘APPROPRIATION 0F CAPITAL—21,250 shares to the Gipsy Reef Gold Mining Company,
Limbtgg ; £11,875 subscribed for working capital, and £11,875 to subscribers as a bonus. Total,
£ 5, .
FINANCIAL Posrrrom—The whole of the working capital has been expended, and the Company
is now about £1,000 in debt.
254 WI T WA TERSRA ND M1 NES.
HIsTORY.--This Company is a reconstruction of the Gipsy Reef Gold Mining Company,
which was formed in 1888 with an original capital of £36,000, of which £25,000 went to the
vendors, £7,000 was subscribed for working capital, and £4,000 was held in reserve. Of the 7,000
shares, 3,000 were privately underwritten and part of the reserve shares, 1,675 were later on sold
at par, so that the original total capital supplied amounted to £8,675. In November, 1888, the
capital was increased to £85,000, the new shares being given for £20,000 fresh working capital.
The total capital sunk by both Companies into the mine is therefore about £28,675.
DEsCRIP'rION OF THE PROPERTY.—-The property consists of 42 claims on the farm Witpoortje,
Witwatersrand, adjoining the Gordon Estate and Bohemian Gold Mining Companies. Besides the
claims the Company holds three water-rights. The Company owns a 15-stamp mill. (For plan,
see Volume III.)
GENERAL REMARKS.—-The mine was let on tribute for a time. The property was in September,
1895, taken over by the Gordon Estate and Gold Mining Company, for 22,500 shares in the latter,
and £2,000 in cash. This will sufiice for a distribution of one Gordon share for every two held.

NEW GOLDEN KOPJE, LIMITED.

Formed in July, 1895.
CAPITAL—£120,000 in £1 shares, 104,000 issued and fully paid up.

Directors.
ARTHUR FELL, ALEXANDER FRASER, A. J. MACDONALD, and Jonx S. PRINCE.
Secretary and Ojficc.
HAROLD WALTERS, 15, George Street, Mansion House, E.C.
GAPITAL.—The property was purchased from Mr. W. P. Taylor, through Mr. G. F. Davenport.
who received £80,000 (£15,000 in cash, and £65,000 in shares) as the purchase price. 24,000
shares were subscribed for by the public.
PRoPERTY.~—48 claims on the farm Roodekop, No. 264, Heidelberg district, \Vitwatersrand,
about 9 miles south-east of Johannesburg, and a water-right on the Natal Spruit. The Cornucopia
property adjoins the claims on the right, while the Orion and Pleiades properties adjoin it on the
south. The Black Reef runs through the ground.
MINING INTELLIGENCE.—3 incline shafts have been sunk on the Black Reef for distances of
237 ft., 224 ft., and 362 ft. respectively. The first two are full of water. Mr. R. J. Gluyas in
spected No. 3 shaft, and found the reef to average 1 ft. 6 in. in width, its value varying from 2 dwt.
to 2 oz. 2 dwt. per ton. The reef is very patchy. He estimates that with careful sorting a yield
of 1 oz. per ton can be obtained. The dip of the reef is about 4° from the horizon, so that it is
almost flat. After allowing for 400,000 tons already extracted, and 10 per cent. for breaks and
waste rock, Mr. Gluyas estimates that the property contains 240,000 tons of ore. In 1888, 1889,
and 1890, the (old) Golden Kopje Gold Mining Company crushed about 19,500 tons for a yield of
7,662 02., or 7 dwt. 21 gr. per ton. Taking 1890 alone, 6,960 tons yielded 1,735 oz., or 5 dwt. per
ton. These results refer to the mill only, the usual experience of the Orion Company being that
about two-thirds of the gold is obtained by the cyanide treatment.
MACHINERY AND Pnmn—A 20-stamp Hornsby battery (capable of dealing with 2,000 tons
per month), a 16-h.p. Hornsby compound engine, a Iii-h.p. Hornsby boiler, a 6-h.p. Hornsby boiler,
a 7-in. Tangye geared pump, and a 3-in. special Tangye geared pump. All the workings are con
nected with the mill by rails, on which quartz is conveyed in half-ton trucks. There is also a
cyanide plant for treating tailings, consisting of 8 tanks of 30 tons capacity, and two 30-ton
solution tanks. These can treat 1,800 tons monthly.
GENERAL REMARKS.-—The property was formerly in the possession of the Golden Kopje Gold
Mining Company, whose affairs became involved in 1891. In October of that year the property
was sold by auction for £1,800. The new Company intends to adopt the dry crashing and direct
cyanide treatment, the estimated cost of working being 128. per ton.
 WI TWA TERSRAND MINES. 255

NEW HEIDELBERG EXPLORATION SYNDICATE, LIMITED.

Formed in July, 1889.
CAPITAL—£10,000.
Directors.
D. Hour, — BEGBIE, — ENSELL, — GRAHAM, — HAMILTON, and H. D. JAMESON.
Acting Secretary and Oflicc.
H. D. JAMFBON, Johannesburg, Transvaal.
PROPERTY.—Consists of 120 claims situated to the immediate south of the Heidelberg Roode
poort Gold Mining Company’s property. '

NEW HEIDELBERG ROODEPOORT GOLD MINING COMPANY, LIMITED.

Formed in August, 1889, and rc-formcd in April, 1895.
CAPITAL—£160,000 in £1 shares ; £125,000 issued and fully paid up.
Directors.
Hos. J. TUDHOPE, GEORGE FARRAR, S. B. JOEL, J. BAnno'r, and M. NIVEN.
Secretary and Head Ofl‘icc.
J. Pl'l'l's, Johannesburg Consolidated Investment Company, Johannesburg, Transvaal.
London Secretary and Oflicc.
Johannesburg Consolidated Investment Company, Limited, 7, Lothbury, E.C.
FINANCIAL H1s'mRY.—Origina1 capital, £54,000. A propriation : To the vendors in shares,
32,000; to the vendors in cash, £4,000; working capita , £10,000; reserve shares, 8,000. Total,
£54,000. The capital was subsequently increased to £66,000. The following offer of Messrs.
Solomon & Thompson, on behalf of principals, for the reconstruction of the Company was adopted
at a meeting held on April 15, 1895. The agreement was as follows: The present capital of the
Company to be reduced to £32,761, being equal to one new share for every two shares. The capital
thereafter to be increased by 127,239 shares to £160,000. The increase was apportioned as follows :
To the vendors of certain claims on the dip and extension of the Company’s ground, 40,000 shares ;
working capital issued at par, offered pro rata to shareholders and guaranteed, 32,761 shares;
working capital issued at par to Messrs. Solomon 8:. Thompson’s principals, 19,478 shares; reserve
shares under 12 months option to guarantors at 258. per share, 35.000 shares. Total, 127,239
shares. Under this scheme the working capital subscribed will be £95,989.
PRoPER'rY.—Consists of 291% claims, of which 270 are reef claims, situated in the central
portion of the proclaimed farm Roodepoort No. 165, in the Heidelberg district. The reef has been
proved along the outcrop for a distance of 1,220 ft. and by 510 ft. in depth on the incline. (See
general plan at the end of Volume III.)
DEvEwPMENT.-—The Main Incline shaft (which was only 9 ft. x 4 ft. 6 in.) is being enlarged to
16 ft. x5 ft. 6 in. in the clear, allowing sufficient room for two hauling ways and a ladder- and
pump-way. Arrangements are being made to develop the mine in such a manner as to have 50,000
to 60,000 tons developed in about 9 months from August, 1895.
REEFS AND VALUE—Th8 formation overlying the reef is a bar of quartzite, while immediately
overlying it is a sandstone bar. The underlying formation is slate. 1,420 tons milled from the
reef, taken-‘down to the 200 ft. level, yielded 701 ozs. over the plates, or 10 dwts. per ton, 7 dwts.
per ton being reported to be left in the tailings. Assays from 143 points gave an average of 14
dwts. for 2 ft. 2 in.
ANTICIPATED REsUL'rs AND Pnorrrs—Mr. Geo. Starr, the consulting engineer of Messrs.
Barnato Bros, estimates that with a return of 6 dwts. over the plates and 4 dwts. from tailings,
giving a total value of 33s. per ton, and taking the entire working cost at 238. per ton, the profit
per ton would be 108. Coal at the present moment is expensive—30s. per ton—but coal mines
are now being opened up in the vicinity. The siding of the Natal Railway is 2t miles distant
from the property.
ESTIMATED CLAIM CONTENTS.—Mr. Starr estimates, taking the extractable ore at a width of
2 ft., allowing for faults and taking the dip of the reef at 30°, that the ore contents are equal to
9,200 tons per claim. -
256 WITWA TERSRA ND MINES.

NEW HERIOT GOLD MINING COMPANY, LIMITED.

Formed in 1887, and reformed in 1802.

CAPITAL—£115,000 in £1 shares; 111,864 shares issued and fully paid up.

Directors.
JOHN FREEMAN (Chairnmn), HUGH PARKER, P. CHAPMAN, R. H. RAW, E. M. GREEXE, J. M. E6388,
and P. F. PAYx.

Local Committee at Johannesburg.

GEORGE Rouuorr, Hex. J. TUDHOPE, and H. B. MARSHALL.

London Connnittee.
A. PARKER, G. H. RAW, and L. WAGNER.

Secretary and Head Oficc.

WILLIAM M. HUXTER, 13, Timber Street, Pietermaritzburg, Natal.

Local Secretary and Oflice.

\VARRE SMITH, Johannesburg.

Lon don Secretary and Ofiice.

J. S. SHELDRICK, 96, Gresham House, Old Broad Street, E0.

CAPITAL CHANGm.—Originally £50,000, increased to £60,000 in 1888, and to £75,000 in 1889.

In January, 1892, reconstruction took place as the New Heriot Gold Mining Company, with a
capital of £85,000. Of the shares 33,250 were allotted to old shareholders, in the proportion
of one for every two shares held. 12,500 were taken up at 203. in March, 1892, and 12,500 at 258.
in September, 1892, under option ; 4,977 were subscribed by shareholders at 42s. 611., in June, 1892;
and the remaining 6,773 were taken up at the same time at 408. In December, 1894, the capital
was increased from £85,000 to £90,000, by the creation of 5,000 shares, of which 3,750 shares were
offered to and taken up by shareholders at 808. per share, giving £15,000, and 1,250 shares are held
in reserve. Balance on March 1, 1895, of £28,015. In addition to the foregoing expenses the
Company paid out of profits during 1894, for additional mine equipment and plant, viz.: Rock
drilling plant doubled, new boiler, increased cyanide plant, tailiugs wheel, and new buildings. In
August, 1895, the capital was raised to £115,000, the 17 claims of the Ruby Gold Mining
Company being purchased for 23,114 of the 25,000 new shares. The Ruby shareholders received
one New Heriot share for every share held.

Balance-sheet items at December 31, 1894 :—

Liabilifics. £ Assets. £
To Capital account 85,000 By Property account 23,301
,, Sundry creditors 9,083 ,, Mine development 26,820
,, Dividend No. 3, unpaid 16,974 ,, Permanent works 8,900
,, Buildings 10,026
,, Plant and machinery 63,208
,, Waterworks and dam 4,308
,, Stores in hand 3,637
,, Cash in hand... 17,562

The increase of capital, by 3,750 shares issued, giving £15,000, is not includei.
 WITWA TERSRA ND MINES. 257

Profit and Loss Account for 12 months ended December 31, 1894.

To Mining expenses £41,652 By Gold account—

,, Milling ,, 10,677 27,655 oz. realized .. £100,657 9 3
,, Transport of ore 747 7,605 oz. 1 dwt. in transit 27,075 0 0
,, Mine redemption 25,153 ,, Cyanide gold—
,, Maintenance 1,538 11,357 oz. 16 dwt. 34,414 17 4
,, Re-treatment cyanide 11,712 3,314 ,, 1 ,, 9,939 0 0
£91,479 ,, Transfer fees 16 19 6
,, General expenses 6,955 ,, Interest, etc. 173 12 8
,, Sundries 112
,, Balance profit for the year 73,730

£172,276 £172,276 18 9

Profit and Lose Account No 2, December 31, 1894.

£ a. d. I By Balance from £ a. d. , £ 8. d.
To Gold account— account, Dec
Over-estimated value in transit 350 5 10 ember 31,1893 35,994 3 9
Depreciation 20,003 9 2 Less dividend,
No. 2 dividend, 20 per cent... 16,974 8 0 December 30,
No. 3 ,, ,, ,, 16,974 8 0 10 per cent. 8,487 4 O
,, Balance 47,536 4 0 ——& 27,506 19 9
,, Gold account—
Under-estimated value in transit 601 1 1
,, Balance—profit for 1894 73,730 14 2
£101,838 15 0 £101,838 15 0

The depreciation written off is made up as follows :— 8- d

Mine development 3,962 O 0
Buildings, 20 per cent. 2,506 13 2
Plant and machinery, 15 per cent. 11,154 8 7
Permanent works, 15 per cent. 1,570 14 0
Waterworks and dam, 15 per cent. 760 6 9
Furniture account 49 6 8
£20,003 9 2

DIVIDENDS.—
Old Company, 15 per cent. (£9,000) paid in 1889.
New Company, No. 1, 10 _ (£8,500) declared in December, 1893.
,, 2, 20 ,, (£16,974) declared payable to registered shareholders
on September 28, 1894.
,, 3, 20 ,, (£16,974) declared payable to registered shareholders
on December 29, 1894.
n 4, 5O ,, (£44,375) declared in June, 1895.
,, 5, 15 ,, (£16,780) declared at the end of August, 1895.
,, 6, 10 ,, (£11,186) declared at the end of September, 1895.

Total amount paid 140 per cent. £123,989

VOL. I.
'258 WI 7‘ WA TERSRA ND MINES.

STATEMENT OF MINING AND Mrnuxe OPERATIONS FOR 1894.—Duty of stamps per ton per
Chalmers mill crushed from October to December, 1893, 3'65 tons per stamp per day, on an average,

Ore mined. Cost per

*7 Tons Tons » View W V 4
Date.
1894 . No. 1 No. 2 Total I1 wuw me‘ Siam‘ mined-
Tons I
Sorti
I 111?‘? South South tons sorted’ to mm' Mining. Milling. I andng
1 ea ' Reef. Reef. mined. Ibreaking.

. I I l
I Tons. Tons. Tons. I a. d. a. d. I d.
January... 2836 1095 14014 5335 927 4408 4393 17 1'83 3 1072 5'08
February 2890 1211 1143 1 5224 ' 107 4127 4123 16 -19 3 6-73 I 23-90
March . 2736 1907 1251 I 5894 1 1050 4844 4844 15 1'13 3 10'21 I 3'96
April 2624 1887 832 i 5343 1056 4287 4557 14 6'37 3 3'88 I 3'26
May 2550 2148 1278 5985 1041 4944 4774 15 9'81 3 3'15 I 3'27
June I 2668 2119 1111 5898 ' 1072 4826 4776 14 4'47 3 2'11 3'9
July I 2858 1849 1014 5711 I 1102 4609 4&9 13 3'19 2 11'12 I 2'97
August 3472 2268 ‘ 760 6500 I 1172 5328 5128 12 7'97 3 3'9 400
September 2829 1992 874 5695 I 1(30 4665 4965 12 3'59 3 0'77 3'37
October 1 2950 2373 901 6224 I 1123 5101 5051 12 9'71 3 1'45 3'15
November 3229 1939 890 6058 I 1063 4995 4900 15 5'6 3 6'26 7'19
December I 3971 2591 2359 8921 I 1222 7699 7739 10 5'42 2 2'46 I 6'54

Totals 35,613 23,379 26 417 72,788 I 12,929 59,833 60,059 13 11 3 364*: 4'546

Per cent. 48-918 3211?) 1:51-97 I 17-75 I

I

* This charge with the recent increase

Redemption in January was 78. on ere milled ; from February to end of year 78. on ore mined.
40 stamps ran 321 days at 4069 per stamp per diem; 60 stamps ran 29 days in December, at 445
tons per stamp per diem.

s. d.
Working ezpenses.—For the year 1894 the mining expenses amounted to 13 11 per ton.
Development redemption account 7 0 ,, ,,

Total mining expenses per ton for 1894 20 11 ,, ,,

The manager anticipates that he will be able to reduce the total to 14s. 6d. per ton, which
would mean a reduction of 68. 5d. per ton. On a. monthly crushing of 7,500 tons this would mean
a monthly saving of £2,406, and an increase in the profits of £2,406 per month.
 WIT WA TERSRAND MINES. 259

day: The old 10-stamp mill crushed an average of 322 tons per day. The new 40—stamp Fraser 8!.
and from January to June, 1894, 3'92 tons per stamp per day.

ton on ore milled.

l Value as per
1" l’ - fi_ #— —\''’ a E‘ 7 d, Yield per SGold won.‘ Standard account
from sales
London.
'l‘mns- . , ‘,Redemp, 1 '1" I‘ 1 ure‘ ton. l Bullion. gold. All transit
port Mam" . General \tion ore Total cost.‘ 1 “barges
of ore'i tenance. ‘charges. minei l , I deducte¢
, 1 1
1 1 1_ . 1 A
d. (l. ,‘s. d. 0. d. I. (1. £ I. (l. dwt. oz. dwt. oz. dwt. £ a. (I.
3'53 3'65 ‘3 1964 7 0 ,32 2784 70!) 3 11 11'54 2527 0 2357 16 9,057 1 5
295 5'47 ‘:2 6581 7 0 1821 6,608 0 5 1237 2551 8 2388 6 9,170 5 7
2'99 3'84 '2 4'685 7 0 129 2815 7,225 15 3 12'17 2826 13 2610 6 10,023 3 11
3'18 3'94 2 300 7 0 127 11'53 6,646 3 3 12'50 2848 12 2677 18 10,284 15 4
2'45 5'14 2 7316 7 0 29 7'136 7,488 10 0 11'95 2852 12 2720 11 10,450 0 1
302 5'18 2 4411 7 0 127 11091 7,061 2 3 1195 2854 18 2719 10 10,447 1 9
297 6'52 2 5109 7 0 126 7879 6,725 11 9 1192 2866 7 2734 15 10,506 0 10
3'23 1074 2 1'55 7 O 126 7'40 7,304 16 4 1130 2897 10 2775 7 10,670 15 7
'2‘ 109 1 11238 7 O 125 8198 6,631 2 11 11'7 2902 13 2793 15 10,741 18 3
‘2'57 7'77 1 11'408 7 O ‘'26 0'058 6,987 9 10 1155 2917 7 2782 13' 10,7(X) 16 6
3'38 8'11 2 3'863 7 0 ,29 10403 7,722 18 2 1118 3146 17 2907 2 11,119 14 4
2'90 3'34 12 4856 7 0 '23 1516 9,362 3 11 105 4068 8 3875 11 14,824 2 10
__ 1 l . 7_.____"2 . 1 2 ___2 I __
3d. 6'16 ‘,2 4498 7 0 27 11052 £86,843 18 0 11'781 135,260 5 33,343 10l£127,995 16 5
l :

of twenty stamps is being reduced.

120-treatment of Tailings by the Cyanide process, 1894.

i 1 V 7
Mill pulp. 1 Products treated. Gold Iron. i

exctrgz-
A t l (mg'nper Maper
V loo lcgmm
0! old Expenditure. Profit.
Period. . léggl
‘Tone. Tons. Bullion. Fine 801d uon. ea.
l 11'?
V__ * ___‘ 1 _ _ , ,,)__l ,,_ W‘ |
f 2 I oz. l ‘.1. a. 2 | d.‘ e a. a. 2 s. a.
January 4303 5'58 2722 01-0 6'17 804'25 57505 ‘ 68'85 l5 7'45 2,421 4 4, 765 0 5 1.056 3 l
February 4123 5-37 I 2550 62'06 6'15 900-25 655'65 83'38 ,6 2'817 2,741 0 9] 797 16 3 1,943 4
March 4014 5-00 1 2010 ‘($266,695 1001-90 766‘20 75'” 7 0'486 3,202 19 6 1,024 7 11 2,178 11
vA ril U557 59 2752 000 ,6'7 092-50 73205 7948 5 8'23 3.062 6 8 762 0 5 2.280 1
y 4774 6-05 307:: 040737-02 nos-05 863'35 80'21 0 0905 3,510 7 5 933 12 1 2,576 15
June 477 0 3414 71'4816'94 12.2755 867'80 73‘32 5 7'30 3,627 7 1 957 6 6 2,670 0
y .450.) 5-77 5402 [7074,0151 1263'75 927'50 82'04 5 8'12 3,881 8 8 965 11 10 2,915 11 l
August... 15123 00 0201105 093 150505 956'“) 8264 5 10‘999 4,004 6 7 086 5 ll 3,018 0
.Septembeq 4965 62 3096 ‘6236 6'68 13l5'60 96415 93'“. 6 3‘216 4,035 19 9 970 5 1l 3,065 13 1
-October 15051 0-5 0520 7006,7-02 1315-00 951‘75 l 76'“ 16 1 3.964 5 9. 1,076 8 I 2,907 17 8
November',4900 0-2 0040 74'28 res; 1450-05 100610 7008 6 4'27 4,198 2 6 1.15618 0 3,041 4‘
December17739 54 , 4274,5511 ,0-229 1425-05 1010'15 75‘04 0 0'127 4,242 0 4 l,%‘ 9 0 2,957 19 10
,7 V _l i
l 1 1...‘
Total . ‘159,859|5'87 iasils'iuwirm 11210-50 [ 10276'45 73105 ‘6 0'576 £42,911 13 4‘£11,700 7 10£31,211 5 6

' Equal to 616 per cent. of the mill tonnage. It has been found ulvisable to eliminate as far as possible the iron mlphiden and
course and: from the {2rodnet to be trented, a» a better extnction is obtained. Concentrates are obtained cheaply by the use of
.Spitzkuten, and are b embed for 14 day. It is hoped that 90 per cent. of the any value will be obtained by these means.
260 l‘VIT WA TERSRA ND MINES.

Table showing the average Yield of Ore treated by Amalgamation from 1888 to June, 1894.

Per ton. Per ton

1888, tons. oz. dwt. 1892 tons. oz. dwt. dwt.
August 860 713 November ... 822 521 15 12-70
September 860 493-1 11-47 December 905 646 17 . 14-29
October 972 4801 9'87 1893.
November 1,084 391-18 7'23 January 945 645'05 1365
December 877 36510 8'33 February 785 ... 460'92 11'74
1889. March 843 671-95 15-92
January 835 493-5 11'81 April 782 706-75 18'06
February 835 535-10 1283 May 720 1,027-30 28-60
March 935 540-9 1156 June 680 637-10 1873
April 608 609 20'04 July .. 781 68265 1746
May 570 549-9 1914 August 786 667-24 18-88
June 555 559 20-14 ____ -_
July 874 870 1991 8,049 6,666'56 16-57

9,865 6,599-88 13309 408mm,, milL

September 2,400 . 1,214-43 10-12
August 573 496 1741 October 4,499 2,382'05 1059
September 737, . 895 24-27 November 3,842 2,437-06 12-68
October 715‘ 827 23'11 December 4,476 .. 2,503'08-... 1118
November 830 925 2230 1894.
December 702 7197 2049 January 4,393 2,527 11'50
1890. February 4,123 2,551-8 11-37
January 576 531-13 18-46 March 4,644 . 2,825-17 12-17
February 445 482-18 21'70 April 4,557 . 2,848'12 1240
March 600 580-9 1933 May 4,774 2,852-12 11-84
April 800 615-4 June 4,776 . 2,854-18 11-95
May 800 540-15 13-52
June 1,000 643-3 12-86 42,484 24,995-01 11-76
July 1,144 488-15 8'55 7__ _“’_'_

8,923 7,743-91 17-306

August 1,150 399-16 6'95

September 1,158 414-12 7'16
October ... 1,300 327 ... 5-03
November .. 1,259 471-16 7'49
December 1,100 3006 . 5'46
1891.
January 1,061 246-13 4'65

7,028 2,158-7 6'104

TAILINGS TREATMENT AND Ci'ANIni: Worms—The plantuconsisting of 6 filter vats 24 ft. 6 in.
in diameter and 5 ft. deep, and 4 solution tanks 18 ft. in diameter and 7 ft. 3 in. deep, started
operations in May, 1893, and has been treating about 3,000 tons of tailings r month._ Result of
operations for 8 months, May to December, 1893 :—Tons treated, 24,249. 0st, including royalty,
£8,320 108. 8d. Cost per ton, 68. 103511., including royalty, or 48. per ton ex-royalty. Yield
in bullion, 8,687-58 oz. Value of yield, £25,962 11s. 3d. Profit for period, £17,642 Os. 7d. ; average
profit per month, £2,205. Average value of tailings treated May to December, 1893, 7-106 dwt._per
ton. During 6 months January to June, 1894, 17,430 tons were treated, producing 6,169 oz., or 407
dwt. per ton. The tailings are being treated by Mr. Hennen Jennings direct treatment process, the
principle of which is to obtain the highest commercial profit consistent with the cyanide process 111
preference to the highest maximum extraction of gold. The direct treatment causes a saving of 63
per cent. of the pulp leaving the battery, and give an actual extraction out of_ this of 78 per cent. of
the gold contained in same. The cost spread over the actual quantity of tailings treated amounts
to 43. 6d., whilst spreading it over the entire quantity of ore passing through the mill it is only
about 28. 9d. per ton. . . . . . , ..~ , .
 WI 1' WA TERSRA ND MINES. 261

Wonnma Cos'r AND RnvENUn—Detailed official accounts appear for the first time in tie
annual report for the year ending December, 1893.
10 stamps
7, crushing
” from January
Septemberto August
B } total crushed 8,722 tons.
40 ,, ,, October to December ,, ,, 12,817 ,,

Comparative working expenses for the above period :—

8- d- 8- do
Mining Jan. to Sept, 10 and 20 stamps, 8,722 tons, 28 9'7 Oct. to Dec., 40 stamps, 15 3'2
Mlnmg n n n 7 10.8 n n n 3 4'5
TmPsport n n n 1 88 n n n 0 4'7
Maintenance ,, ,, ,, 0 9'3 ,, ,, ,, 2 2‘0
Charges ,, ,, ,, 2 9'3 ,, ,, ,, 2 4'2
Mine Developmen
. Redemption n n n 5 0'0 n n n 5 0'0
Tailings—l7,295 tons treated by old method 7 2'0
,, 6,954 tons treated by direct process, including
royalty 6 1'3
54 1'9 34 99
Exclusive of tailings 46 119 28 8'6

A reduction of 18 3'3 per ton

For the 6 months ending June, 1894, the total working‘ expenses, including Mine Redemption
account of 7s. a ton as against 58. as above, amounted to 288. 7d., showing a further reduction of
(is. 2d. per ton.

Statement of working costs and revenue, 1894 :—

Working Costs. per ton.

£ a. d. a. (1.
59,859 tons mined and milled 86,834 18 0 27 7308
38,715 tons treated by cyanide 11,700 7 10 6 0540
Profit on operations 72,489 3 11

£171,024 9

s. d.
Gold value of ore milled 42 9'19
Cost of treatment per ton 27 7'3(B

15 1~ss2=35~4 per cent. of yield.

Gold extracted per ton of tailings 22 2016
Cost of treatment 6 0'540
1'476 = 72-7 per cent. of yield.

Revenue. per ton.

£ a. d a.
35,260 oz. 5 dwt. gold from mill—
Value as per account sales, nett 127,995 16 5 42 9'19
14,236 oz. 6 dwt. bullion—
Nett value as per account sales 42,911 13 4 22 2016

£170,907 9 9
Sundry Revenue—Rent 117 0 0

£171,024 9 9
 262 WIT WA TERSRA ND MINES.

Total Value of Gold returned since formation of the Company to December 31, 1894 :—
Period. Yield. "alue of Yield.
02. dwt. gr. ii I. d.
Half-year, February to July, 1888 2,478 10 0 8,984 11 3
Year ending July, 1889 6,579‘4 22,784 17 11
,, ,, 1890 7,790 17 5 26,716 10 1
,, ,, 1891 2,322 0 0 7,308 11 8
,, Dec., 1892 1,159 4 0 4,(B0 10 0
. 9,, ,, 1893 24,723'19 76,866 4 4
January, 1894 3,331 8 0 11,194 0 0
February, ,, 3,460 12 0 11,847 5 3
March ,, 3,887 7 0 13,128 11 7
April ,, 3,841 2 0 13,229 0 0
May ,, 4,021 11 0 13,875 4 8
June ,, 4,092 9 0 13,910 2 3

Total yield 67,687'23 oz. Total value of gold £223,925 9 0

July to December, 1894 44,725 2 11.

Total value of gold £268,650 11 l.

= ‘ Drscmvriou or rm: PROPERTY.—Tlle property consists of 53 Main Reef claims, 50 of which

are reef bearing. These include the 17 claims purchased in August, 1895, from the Ruby Gold
Mining Company The dip from surface to 2nd (300-ft. level incline) is about 70°, to the next level
(3rd level, 423 ft.), 67’, to the following, about 60°. The property is situated between the Henry
Nourse Gold Mining Company on the west, and the Jumpers Gold Mining Compan on the east
It is distant about 31; miles from the centre of Johannesburg. The claims are he (1 on diggers’
licenses, and the title is rendered unassailable through the granting of bezitrecht by the Govern
ment. (For plan, see Volume III.)
MXNING INTELLIGENCE.— (a) Reefs .' Three reefs are being worked, viz., Main Reef, South
Reef 1, and South Reef 2.
(1)) Width of Reefs: Main Reef, 3 ft. to 5 ft. The average width is taken at 4 ft.; experience
has taught that more ore is found in the footwall, which warrants the exploiting of the Main Reef
up to 7 ft. wide. South Reefs 1 and 2 vary from 8 in. to 36 in. The stope' is calculated at 2 ft.
(0) Dip of Reefs : At surface 70°, but eases in the lower levels to about 60°. Assumed average
dip, 45° to 47°. At the 4th (570 ft.) level, in the vicinity of the main shaft, the strata has flattened
from 65° to 45° at the 4th level.
((1) Development : The mine is being developed by means of a main incline shaft, 13 ft. x 5 ft.
in the clear, which is located 744 ft. from the east boundary. It is of 3 compartments, and has
been sunk at an angle of 60°, down to 595 ft. (January, 1895). It is fitted with 2 skip roads,
pump, and laddering, down to 3rd level. The shaft is equipped with a 64 ft. pitch-pine head-gear,
sorting floors, 2 Blake crushers, grizzlies, ore and waste bins, and self-dumping skips. The shaft
is sunk north of the reefs, which are reached by cross-cuts, the length of the cross-cut south on
1st level being 55 ft., 2nd level 30 ft., and 3rd level 15 ft. 0n the South Reef at the 4th level, the
main cross-cut has been driven 166 ft. south.
(0) Levels—let level driven at an incline depth of 177 ft.
2nd ,, ,, ,, 300 ,,
3rd ,, ,, ,, 423 ,,
4th ,, ',, ,, 570 ,,
DEVELOPMENT 0s Rmracrrva Levels, DECEMBER, 1894—Main Reef: The Main Reef body
assays poorly in the central portion of the property, and all development on this reef is confined to
the eastern portion of the mine, no work having been done on it in the western section. Drifting
has proved over 900 ft. of payable ore in the 2nd and 3rd levels.
Main Reef (June, 1894) :—
lst level drifted east of shaft 615 ft., and west of shaft 180 ft. Total length 795 ft.
2nd ,, = ,, 740 ft. (to east boundary) 360 ,, ,, , 1,100 ,,
3rd 250 ft., and west of shaft 240 ,, ,, 490 ,,
South Reef 1 (J’l’lne, 1894): _
1st level drifted east of shaft to eastern boundary, 740 ft., and west, 450 ft. Total length, 1,190 ft.
2nd 1! n n 645 n 555 U n 7 11
3rd n 77 ~ _ _ - 130 n 130 n
Total distance drifted on these levels, 2,383 ft.
 WII‘WA TERSRA ND MINES. 263

South Reef 2 (June, 1894).-—1st level: East of shaft no drifting has been done, as the two
reefs are close together, and this reef can be worked through the drives on No. 1 Reef. West of
shaft the same occurs for a distance of nearly 200 ft., when the drives on No. 1 were turned upon
No. 2 Reef. 2nd level: No drifting east of shaft ; west 350 ft.
The total drifts on this reef amount to (January, 1895) 937 ft.
Width of Reefs in the respective levels :—
Main Reef, 1st level, 3 ft. 9 in. 2nd level, 4 ft. 3rd level, 18 in. to 36 in.
South Reef 1 :—
1st level, average width, 9 in., workable width, 24 in.
2nd :2 n 14 n n 24 11
3rd 11 n 12 71
South Reef 2 :—
1st level, average width, 20 in. 2nd levelfaverage width, 15 in. 4th level, cross
cut, driven south, 166 ft.
At 92 ft., 8 in. of reef assayed 20 dwt. per ton.
126 ,, 16 ,, 31 ,,
149 n 8 n 35 n
151 ,, 36 ,, 66
The reef at 126 ft. is taken to be South Reef 1.
n 151 n n n 2
92 ,,
,1 ,, Main Reef.
ORE REsERvEs.—The ore reserves at December 31, 1894, stood at 120,000 tons. The Com
pany is crushing about 7,000 tons monthly, therefore the ore supply is 19 months ahead of all mill
requirements. The ore reserves are calculated at 4 ft. for the Main Reef, and 2 ft. for the South
Reefs l and 2.
At June 30, 1893, the ore reserves stood at 48,584 tons.
,, December 31, 1893, ,, 61,460 ,, (increase of 12,876 tons).
,, June 30, 1894, ,, 86,460 ,, ,, 25,000 ,,
,, December 31, 1894, 111,576 ,, ,, 25,116 ,,
Main Reef: The reserves are calculated at 55,105 tons, of an average assay value of 12k dwt. per ton.
South Recfl: ,, ,, 39,526 ,, ,, ,, 22'3 ,, ,,
South Reef 2: ,, ,, 16,945 ,, ,, ,, 36 ,,
The continual advance in the amount of ore reserves is the best proof of the energetic
character of the development work.
Statement showing detail of Ore Reserves on December 31, 1894.
A ORR Rsssnvss.
Reefs developed. 1’.eel‘ 35115:“
. vex-a
widt : _ _,_ we“ __ Above
W, .flv
Above , M1,
or . of Ref‘ l lsAtllgvel. 2nd level. 3rd level. Total tons‘

\
Main Reef— ) ft m Tons. Tons. Tons.
lst Level, drifted 98. 3 9 l 9,372
2nd ,, ,, 499 - 4 o , \ 20,931 1
3rd ,, ,, .. 807, 4 o i l 24,902 55,105
Winzes l 319 ,
No. 1 South Reef— , l
1st Level, drifted 577 2 0 11,760 .
2nd ,, ,, 1147 2 0 , 17,267
3rd ,, ,, 658 2 0 10,499 39,526
4th ,, ,, 10
Winzes 212
No. 2 South Reef— |
lst Level, drifted 446 2 0 l 9,265 , .
2nd ,, ,, l 491. 2 0 l 7,680 . N11. 16,945
\Vinzes I 1642 ‘
Main Shaft sunk 165 =, ,
\Vestern Shaft sunk 66 i
Rises on Reef 258 5 }
Cross-cuts 815% I
__—_1 , 1 1- - _ 4— __
l 6,736 l I 30,397 45,878 l 35,901 111,576
264 WITWA TERSRAND MINES

In adition to the 111,576 tons developed, there are 3,000 to 4,000 tons at surface ; and 5,00)
tons of ore are broken in the stopes. The total ore reserves amount to about 120,000 tons, and
have an assay value of 19 dwt. per ton, which has been confirmed by practical working.
Statement showing total Capital supplied, Profits applied to Capital Expenditure, Diviélends, etc.
8. (1.
Original working capital, 10,000 shares issued at 208. 10,000 0 0
Increase October 31, 1888 (10,000), 9971 shares issued at 308. .. 14,956 10 0
,, December 9, 1889 (15,000 shares), April 4, 1890, 1,000 shares issued
at 308. 1,500 10 0
,, May 8, 1890, 5,000 shares issued at 308. 7,500 0 0
During 1890, 500 shares issued at 20s. 500 0 0
Reconstruction, September, 1891, 8,991 shares issued at 20.9. 8,991 0 0
,, ,, 6,009 shares issued at 208. 6,009 0 0
January, 1892, 12,500 shares issued at 20.9. 12,500 0 0
During 1892, 12,500 shares issued at 258. 15,625 0 0
,, ,, 11,750 shares issued at 408. 23,500 0 0
October, 1894 ; issue of 3,750 shares at £4 15,000 0 0
Total amount supplied by issue of shares £116,082 0 0

Net profit earned in working-—

,, ,, up to July 31,1889 £10,810 1 0
,, ,, ,, July 31, 1890 4,537 16 7
Loss from July, 1891, to December, 189 £8,927 18 11
Net profit for year ending December 31, 1893 24,597 9 5
,, ,, ,, ,, December 31, 1894 72,489 3 11
£112,434 10 11
Less as above .. 8,927 18 11
Total net profits earned up to December 31, 1894 . . 103,506 12 0
Dividends paid up to December 31, 1894 £51,448 0 0
Approximate cash balance in hand December 31, 189 10,590 0 0
£62,038 0 0
Total amount paid in dividends and cash in hand December 31, 1894 62,038 0 0
£41,468912‘ 1')

£41,468 128. has therefore been applied to other sources than dividends.
Total cash supplied by share issues as above £116,081 0 0
Profits applied to surface and underground improvements, equipments, etc., as above 41,468 0 0
Total capital applied to developing mine, equipment, etc. £157,549 0 0

EQUIPMENT—The equipment of this mine, which was the first on these fields to attempt
complete centralization of all the plant, is as follows :—
Main Shaft: The main shaft consists of three 4 ft. 6 in. compartments, two of these being
used for hauling, and the third for ladder-way and for leading pipes and conductors down the mine.
This shaft is fitted with a head-gear constructed on the inverted truss system, and containing
waste bin, 3 grizzlies and sorting floor, and 3 Blake’s crushers, these latter being driven by wire
rope from an extension from the main countershaft to the mill and engine room. The rock is
dumped over the grizzlies, passed through them to the fines bin on the one side, the remainder after
being sprinkled with water is sent to the sorting floor, the waste being thrown out and the ore
passed through the crushers into the coarse rock bin, which is on the opposite side of the head-gear
to the fines bin, from the shoots. Thence it is trucked to a vertical elevator at the front of the
mill, whence it is hoisted to the upper tram floor and run into the bins.
The winding engine which does all the hoisting is by Walker, and is a powerful geared engine,
identical with that at the Crown Reef Mine, with the exception that the cylinders are 14x28.
This engine is placed in the engine room, only separated from the mill engine room by a partition,
and thus all the engines on the property are close together, and are supplied with steam from the
same set of boilers.
The mill is a. 60-stamp one, designed and constructed by Mr. Hennen Jennings and Mr. Fearn
 IV] TWA TERSRA ND MINES. 265

side Irvine, Messrs. Fraser & Chalmers supplying the iron-work and fittings. This mill has now
been running about two years, and has crushed about 4'6 tons per stamp, showing no sign of
depreciation, and has cost very little for maintenance.
Engine Room: In the engine room is a. single cylinder horizontal Corliss engine, 18x48,
by Fraser & Chalmers. This engine is coupled direct to the mill line shaft, but also drives by
belt and rope transmission the crushers on the head-gear, the mill hoist, all the electrical plant, the
tailings elevator wheel, and the cyanide works machinery. There is also a duplex Ingersoll com
pressor for 16 drills, supplying compressed air to the mine. As on the other mines, whose equip
ment has been designed in the office of Mr. Hennen Jennings, there is an auxiliary engine fitted,
which can on cleaning-up days, or when the main driving engine is disabled, drive a large pro
portion of the plant.
These engines are coupled to a pair of surface condensers situated underneath the floor of the
engine room, through one of which the main dam pumps pump the water required for the mill into
the upper reservoir, whilst the water returning from that reservoir to the mill flows through the
other. This system has been adopted at most of the leading mines, and has the advantage that
the condensedsteam is returned to the boilers as feed water, thus saving them to a large extent
from the danger incurred by using the dirty dam water, which would otherwise be unavoidable.
This method of condensing the steam by passing the water required by the mill through the con
denser also saves the use of a circulating pump.
The electrical machinery is driven by a counter-shaft, and consists of 4 Elwell-Parker
dynamos, two for power transmission and two for lighting. The power transmission plant sup
plies current for the operation of the main dam pumps and the mine pumps, and is available for
any other purposes for which power may be required.
Boiler Room .' In this room are seven 60 h.p. boilers, set singly in brickwork. Six of these
boilers are always at work, the 7th being spare. From these the whole of the engines required for
the work of the mine, viz., the mill driving engine, the air compressor, and the winding engine, are
supplied with steam at the low coal consumption of 20 tons per 24 hours. The economy of thus
concentrating the whole steaming plant of the mine in one boiler room can be easily understood.
Cyanide Works .' The cyanide works of this Company are designed for direct treatment, and
the manipulation thereof is almost identical with that described under the heading of the Crown
Reef. Briefly, the mill pulp as it runs from the plates is collected by launders, and run into an
elevator wheel, by which it is elevated about 24 ft. It is then run through the several Spitzkaste,
and is classified into different grades of material which obtain the necessary length of treatment
by cyanide in separate vats in the manner described before. The leaching and solution vats on
this Company's works are round wooden tanks, fitted with bottom discharge doors, having a tram
line underneath. The tailings are shovelled through these doors into trucks running below, and
thence trammed by mechanical haulage to the dump; this mechanical haulage being actuated by
means of ropes and belts by the mill engine. It may here be mentioned that these works were the
at which the process known as direct treatment was first successfully introduced on these
e s.
Workshops : The workshops at this mine are similar to those at Modderfontein, but of smaller
size.

NEW KLEINFONTEIN COMPANY, LIMITED.

Formed in November, 1893.
CAPITAL—£185,000 in £1 shares; all issued and fully paid up.
Directors.
GEORGE FARRAR, Chairman (alternate S. H. FARRAR), F. Lowssr (alternate E. BIRKENRUTH),
Ass BAILEY (alternate J. G. CURREY), S. \V. JAMI'FON, W. Ross, and W. DALRYMI’LE.
London Committee.
S. BRAILSFORD, Jorm Psooos, S. NEUMANN, and F. A. Rosmsox.
Secretary and Head Ojficr.
Jons BADHAM, Simmons Street, Johannesburg.
London Agents and Qfice.
TEE ANGUO-FRENCH EXPLORATION COMPANY, LIMITED, 170-173, Winchester House, Old Broad
Street, EC.
CAPITAL.—The original capital of the Kleinfontein Gold Mining Company was £70,000, which
wasIappropriated as follows : £50,000 to vendors, and 20,000 shares subscribed for working capltal
 200 W1 TWA TERSRA ND MINES.

at par, £20,000. In 1888 it was increased to £100,000 by the creation of 30,000 new shares, of
which 20,000 were sold, realizing £37,125, and 10,000 were held in reserve. On July 31,
1890, the Company was reconstructed by the African Gold Share Investment Company, with a.
capital of £175,000, and re-named the Kleinfontein Estate and Gold Mining Company, Limited.
The new capital was appropriated as follows : 60,000 shares to old shareholders, 90,000 shares to
- African Gold Share Investment Company for providing a working capital of £40,000, 25,000 shares
being held in reserve. In November, 1893, the Benoni Claim Gold Mining and Exploration
Syndicate, Limited, exercised .their option to reconstruct the Company with a capital of £110,000.
The new Company was called the New Kleinfontein Company, Limited. The new capital was
appropriated in the following manner: 50,000 shares to the old shareholders, being one new for
three old shares; 30,000 shares were issued to provide working capital, the old shareholders having
the prior right of applying for same: and 30,000 were held in reserve. The whole of these shares,
including the 30,000 reserve shares, were taken up at par, giving the Company fresh working capital
to the amount of £60,000. Total capital supplied to December 31, 1894, £157,125. Since then,
on March 27, 1895, the Company has again been reconstructed for the purpose of taking in deep
level ground, amounting to about 90 claims. The capital was increased to £185,000 by the crea
tion of 75,000 new shares, of which 60,000 shares were given to the Benoni Claim Gold Mining
and Exploration Syndicate, Limited, in full settlement for the said deep-level claims, and 15,000
shares were issued at 808. to the shareholders, the issue being guaranteed by the above Syndicate.
This gave the Company further working capital equal to £60,000. Total capital supplied to date,
£217,125.

ACCOUNTS AND FXNANCE—Aceounts were formerly made up half-yearly to March 31 and

September 30 respectively. Since the taking over of the property and assets by the present
Company, yearly accounts were decided on. Thus the first amounts of this Company are rendered
to December 31, 1894.

Extract from balance-sheet and profit and loss account as at December 31, 1894.

Balance-sheet.

Liabilities. £ a. d. ‘ Assets. £ 5. d.
To Capital Account: By Property Account 50,000 0 0
110,000 shares at £1 each 110,000 0 0 l ,, Machinery and plant 41,401 5 10
,, Sundry Shareholders: , ,, By buildings 7,212 12 6
Dividend, No. 1 13,750 0 0 . ,, Permanent mine 8,329 13 9
,, Native Labour Expenses , ,, Furniture 134 7 4
Account 1,202 3 5 l ,, Live-stock and waggons 332 14 9
,, Sundry Creditors 17,482 13 6 1 ,, Reservoir 273 4 4
,, Profit and Loss Account: ,, Tailings and concentrates I 775 15 1
Balance at credit 8,824 10 4 1 ,, Stores in stock 3,492 8 3
,, Chamber of Mines debentures 200 0 0
l ,, Licenses, paid in advance 152 5 0
Q ,, Insurance _ 67 15 4
j ,, Fixed deposit : Standard
1 Bank 1,000 0 0
,, Standard Bank : No. 1 account 17,518 18 4
do. No. 2 do. 9,7’ 0 0
,, London Agents 4,100 0 0
,, Cash at mine 1,083 15 7
1 ,, Gold in transit 5,343 6 2
l ,, Sundry debtors 91 5 0
£151,259 7 3 ‘, £151,259 7 a
|l
 IVIT WA TERSRAND MINES. 267

Profit and Loss Account, No 1.

D"- £ a. 11., Cr. £ a. d.

To Mining, hauling and develop- | By Gold won from mill 61,824 2 6
ment 33,586 0 5 i ,, Treatment of tailings 14,143 12 7
,, Milling 7,087 5 7 ,, Blanketings sold 177 11 11
,, Crushing, sorting, tiamming 1,597 6 0
,, Maintenance 1,690 11 3
,, Treatment of tailings 5,012 18 8 l
I ,, General expenses 4,596 14 9 ‘
,, Balance: Profit 22,574 10 4
£76,145 7 0 | £76,145 7 0

Profit and Loss Account, No. 2.

Dr. 15 s. d. 01'. £ 8. d.
To Dividend No. 1, declared Dec- I By Balance from above... 22,574 10 4
ember 31, 12} per cent. 13,750 0 0
,, Balance 8,824 10 4 .

€22&1_10_4 i saw 10 :1:

As will be seen from balance-sheet, the Company is in a very good financial position, there
being over £38,(I)0 of cash and gold in transit, the net profit for the period (little more than a year)
amounting to £22,574 108. 4(I., and after payment of dividend No. 1, of 12.} per cent., totalling
£13,750, and the credit balance carried forward to next account is £8,824 108. 4d. It should also
be observed
account, thatother
on the if nohandp
de reciation has been written
all mine development off oncharged
has been the one to
hand, it being
working the first
expenses, and year’s
there
being 63,000 tons of ore reserves, these represent an asset, calculated at 48. per ton, of £12,500.
The capital expenditure, since the formation of the Company, is as follows :—
£ 8. (1.
Machinery and plant 41,401 5 10
Permanent mine: Shafts , 8,329 13 9
Buildings 7,212 12 6
Furniture 134 7 4
Live stock and waggons 273 0 4
Reservoir 273 4 4
2 Chamber of Mines debentures 200 0 0

DIVIDENDS.—l2._l5 per cent. (£13,750) in December, 1894, and 12% per cent. (£22,125) in
March, 1895.
RE'I‘ROSPEC'I‘IVE FINANCE AND HIS'1‘ORY.—The original Kleinfontein Gold Mining Company
very soon exhausted its resources and got into debt, the 10,000 reserve shares could not be dis
posed of on account of the bed state of the share market, a loan had to be raised at exorbitant
interest, and the property was soon mortgaged to the extent of £15,000. The Company originally
owned a 25-stamp battery, while 25 stamps more were ordered, but were not erected owing to want
of funds and the backward state of the mine development. During this Company’s existence the
battery ran 55 da s, producing during that time 1231 oz. of gold, value £6,602 14s. 1d., which
for the period on ed September 30, 1889, showed a profit of £1,662. A reconstruction being
necessary, the offer of the African Gold Share Investment Company was accepted, and the Company
reconstructed as the Kleinfontein Estate and Gold Mining Company, Limited, the debts of the old
Company being paid out of £40,000 cash provided by the guarantors of the reconstruction. The
new Company restricted itself to mine-development, the battery being let in the meantime to the
Chimes Company, and the tailings accumulated at the mill were sold to that Com ny. The second
Company getting into financial difliculties, an option was given to the Benoni C aim Gold Mining
268 W] T WA TERSRA ND MINES.

and Exploration Syndicate to reconstruct it. After a series of trial crushings from ore taken from
all parts of the mine, the Syndicate decided to exercise its option,and hence the new Company was
formed on November 7, 1893.
PRODUCTION AND PROFIT.—The new Company started crushing operations immediately
on taking over the property, and milled with 35 stamps during the months of November and
December, 1893, and January, 1894. Owing, however, to a difl'erence with the Chimes Company
concerning the sale of certain tailings by the old Company, that Company obtained an interdict,
restraining this Company from utilizing the tailings depositing site, and in consequence milling
operations had to be suspended. The differences were finally adjusted, while during the time of
cessation of crushing operations the entire mill was thoroughly overhauled and great improvements
efi'ected. Milling was resumed in May, 1894, with the entire 50 stamps, by which time also the
new cyanide works, having a monthly capacity of 4,000 tons, were completed and started. The
following statement shows mill-returns since crushing was resumed, up to December 31, 1894 :—

a _ _ Tons i'reue milled? _ Yiek, _

Date. Time runmng. Stamps. milled- pgrsaa‘grp , Yield. per ton‘ Yalue.

: ' 1
_ ,__ .__ - ___ I — _ 1
1893. days hrs.mins. oz. dwt. £ a. d.
November , 26 9 6 35 I 1907 2'09 721'91 7'57 2,643 1 10
December 23 17 24 35 ! 1898 250 \ 111027 11-69 4,103 14 11
1894. a ‘ 1
January 31 19 33 35 2540 ‘ 2'20 I 116930 9'54 4,300 9 8
May 27 22 33 50 4332 3'09 [ 1641'52 7'57 5,897 16 1
June... 27 21 58 50 4021 2'87 1 163830 814 6,019 13 3
July 29 12 50 50 , 4105 273 1622-40 790 5,999 14 3
August 29 20 7 50 1 4269 2-84 I 1698-36 795 6,250 17 10
September 27 18 4 50 , 4090 3'04 1828'85 8'94 6,770 4 8
October 28 22 19 50 1 4579 3'15 18708) 8'17 6,843 15 11
November 27 11 55 50 ‘ 4509 3'28 1811'60 8'03 6,614 10 11
December 29 0 75 50 4717 3'25 1736'95 7'36 6,38) 3 2
Totals and} 310 9 4 ‘40967 16850'26 61,824 2 6
averages ( 2s 5 9 f 3716 282 1,203 825 4,416 0 0

The total profit derived from the above crushings amounted to £13,443 163. 5d.

The following is a statement of returns from the cyanide works since completion up to Dec
ember 31, 1894 :—

Date. Tons treated. Days working. Yield of gold. Yield per ton. 1 Value.

1894. oz. dwt. £ a d.

May 2,340 31 39050 3'33 ' 1,072 8 1
June 2,970 28 573'83 3'86 1,711 6 9
July 3,250 29 48355 297 1,443 4 5
August... 3,770 29 635'31 3'37 2,171 0 1
September 3,900 28 505-65 259 1,671 9 1
October... 4,160 29 53030 2'55 1,758 18 7
November 4,030 28 634'90 3'15 2,031 3 9
December 3,510 29 815'16 4'64 2,284 110

l
Tmls and 27,930 4569-20 1 3-27 14,143 12 7
averages ,

The net profit on these operations amounted to £9,130 13s. 11d.

 1,14 1 V44 VHS‘HHJ 0.1.‘ .111” ‘$3 605

Average profit ton and

per mined milled.

O
1067
13

Qffigiis.
4.‘;i
7.1.’
dwtl
a‘;
oz.dwt_,oz.
(Li dwt.dd.4:
1894
.2wtoOZ-.s1.z.o1z. of
dsight,
less
N60,992
Amount
Din
1894,
31,
include
tons.
oecosts
tdvceuore—clmAtobpioemvrenst,.

dwt.
10'639
18,418
dyielded
milled:
yield
Average
2
and
34,622
mined
tons
ton.
ton
wt.=per
ozs.

6°25:11:,
m‘“192‘
A1292
°2-“.7146. 2. dad.1
mmcyanide»I
wumperomind‘n' ‘
CMill.yan,
ide. of
O'67d.
5d.=23s.
Cost
working
milled
34,622
38.
£39,913
ton.
and
mined
ton
cost
tons
per
:

D31,
1894,
mMay
from
re1
The
of
8
the
for
toonths
cpwere:—semruoablteirsons
1
yield
Average
per,

0.
l11
*129590O7240161612675194579‘4564
84160,
c962870tober

{ l9994
9;
i2‘.
i
990890210May
20921641569171849222940405 10!
‘
‘j
501616986June22122914874021,9629
92970,
44979 l {4792
7‘
f0:
‘1
10926158D1917968794717'e829c55251079ember

6I
1
‘4645
695
4;
1279865299916981291
8August
24269977014220,

61
11“
l19429941092745051S1176191240909900‘4547
e828ptember 1';
7!
4442
l
‘'638
7996218N224461069418111245094090ovember 796:0
9-36l13848
:5278
2,0
9,1
94649692,24044-10
3860149162071-7-08294'598709'18418

rock
of
Value
11-34d.
368.
ton,
per

i
{4098
11,
84July
1121051926291758641051925062289

11
_‘
1,
J-1__-,n
270 W'ITWA TERSRA ND MINES.

The working costs for period ending December 31, 1894, were :—
Average from mill on 40,877 tons: a. (I.
Revenue, per ton 30 4028
\Vorking expenses, per ton: 11 . d.
* Mining, hauling, and development... 16 5192
Milling . 5'611
Crushing, sorting and tramming 0 9378
Maintenance . . . 9'925
General Charges 2 2988
*— —~ 4~ 23 9094 a. d.
Profit, per ton . . —- 6 6934
Average on treatment of 27,930 tons of tailings:
Revenue, per ton 10 1535
\Vorking expenses 3 7'075

Profit, per ton 6 6460

Total profit, per ton 13 1394

s. d.
Average value 40 5563
Average cost, per ton 27 4169
Average profit, per ton 13 1394

‘' Note—Cost of‘ development is included in mining, hauling and development, the cost being
estimated at about 48. per ton.

Details of production since close of last financial year up to end of April, 1895: In the early
part of February fifteen additional heavy stamps were coupled to the mill, and since then sixty-five
stamps have been working in regular order. The cyanide works have been extended accordingly.

lllill.

Month. , Stamps. ‘Tonscrushedi Total yield. Yizliper ‘ Vang?“ ‘Cost per ton. Pm'fiaper

1805. oz. dwt. s. d. a. (l. l a d.

January 50 1 4,736 1783'90 7'53 : 27 5'34 20 11'54 6 5'8)
February...‘ 65 4,627 1708'15 7'38 26 9'62 22 10'74 3 10'88
March 65 5,620 1917'25 6'82 ‘ 24 8'8 18 6'17 4 1'46
April. 65 5,722 2017-14 705 ' 25 6'7 21 5'24 4 1'46

Totals 7’! 20,705 7426-44 717 , 26 0-48 I 20 10-34 ‘ '5’ 214' '

Cyanide Works.
_I ‘
Month. ‘ Tons treated. Total yield. Yield per ton. Value per ton. ‘ Cost per ton. Profit per ton.
' |

dwt. V n d l n.
1895. l oz. . . d. a
January 3,640 \ 928‘20 5'1 12 7'84 ‘ 4 1071 7 9 13
February 3,770 \, 784'45 4'16 11 6'59 4 9'06 l 6 9'53
March 4,350 691'30 3'17 88 6'98 l 4 035 l 4 6'63
April 4,270 692'74 3'24 8 9'12 ' 4 0'91 4 8'21

Totals l 16,030 6309669— 3-86 1 10 3-02 4 4-90 6‘ 51012‘

 WIT WA TERSRA .YD MINES. 271

Profit. Total revenue during the period. Total cost during the period.
s. d. £ a. d. s. d.
2,947 14 9 January, 199.»r. i gyfinide
Mill
1
9499
212%
J
1 2
1,1,), or.
4999
523,7, 193 10
2'184 4 7 February’ 189” ‘1 Cyanide 21177 1 11 '999 7 5
P 18 11
2"37 ,
Numb’ 111111
1895 {Cyanide 9950
1:999 101 44 5202
979 9511
io
- 17 9
2,118 .
April, 1890. {Cyanide
Mill 7912
1:870 o8 100 9199
1870 125‘ 01
£1_0,o_491§_p profit for period. 25,190 9 1
__ __ _ _ Total profit, 10,048 16 *0
£35,209 11 1 £35,179 5 1

This shows an average monthly profit of over £2,500, or over 16 per cent. on the total nominal
capital of the Company.
Recapitulatz'on.
£ 9 (1
April 90, 1995
Production to December 31, 1894 { gjli‘lnide
glide 2313?; lgi) 1%.

Value of total production up to April 30, 1895 £1

_ ""5 9. .r. '

Profits realized to December 31, 1894 . { gytgnide I?

Profits realized to April 90, 1995 _ d6 2:232 13 2

Total profit realized to April 90, 1995 £95623 4
The amount standing under capital expenditure has been increased during the four months
ended April 30, 1895, as 0 Hows:—
£ 9. d £ 9. d.
To amount as at December 31, 1894 57,883 18 6
Permanent mine 440 8 2
January, 1895 Machinery and plant 1,826 3 9
Buildings... .. 5811 4
—__ 2,325 3 3
‘ 1Iiierilxlianent minel... 455 9 51)
Febmryi 189°, ‘ Buildingrsy...
ac ine and p...
ant 11092 19511
6297

i Furniture 157 11 6
7,973 6 3
Permanent mine 987 3 6
March, 1895 .. { Machinery and plant 3,865 5 6
Buildings 221 19 11
_F 5,074 811
Permanent mine 447 13 151,,
AP“,- 189°- Machiner and p lant
Buildingsy .. 1,749
991 19 9
Furniture 0 13 6
.A-----———- 2,589 10 2

Total of capital expenditure at April 30, 1895 £75,846 7 1

Further capital expenditure will be caused by the increase of the 65-head mill to a 100—head mill,
which will be affected as soon as the mine development warrants this measure, and the further
extension of the cyanide works will naturally follow.
272 WITWATERSRAND MINES.

DESCRIPTION OF THE PROl‘ERTY.—Th6 ground owned consists of 151 claims, of which 135%,;
are reef-bearing claims. Of these, 59 claims (of which 47 are reef claims) were the property of the
Kleinfontein Gold Mining Company, and 92 claims (or 88% in area) have lately been acquired
from the Benoni Syndicate. The reef has been opened on the length or outcrop of the reef for a
distance of 300 feet, equal to 20 claims. The total length on the outcrop is 35 claims, and the
development of the remaining five outcrop claims is now being proceeded with. Locality : Situated
on the farms Kleinfontein and Benoni, bounded on the east by the Van Ryn Gold Mining Company
and the New Chimes Gold Mining Company, and on the west by the Chimes West Gold Mining
Company.
MINING INTELLIGENCE—Reefs worked: Main Reef and Main Reef Leader. The strike is
N.E. to S.W. Dip of the reefs : About 30° at the western end of the property, and 55° at the
eastern end. The Leader is separated from the Main Reef at- the eastern end of the mine by a
bank, 12 feet, of sandstone, and at the western end the distance varies from 1 to 12 feet. Water
right: Consists of a dam (capacity 50,000,000 gallons), fed by a running stream.
MINE DEVELOPMENT—Formerly the mine was worked by means of two vertical shafts, known
as the central and east shaft, and an incline known as the west incline shaft. None were connected
nor was any work done below the first level. The early vertical shaft has been sunk to the second
level, vertical depth 230 feet, passing through the reef at 142 feet; and from the bottom of the shaft
9. cross-cut 50 feet long has been driven, striking the Main Reef and Leader. This shaft is to be
abandoned when the first level is marked out, and the central vertical will also be abandoned
shortly. The west main incline shaft (17 x 6 ft. within timbers) has been sunk 370 ft., the total
depth being 450 ft. (December 31, 1894). This shaft is divided into two cageways and a pump
and travelling road, and, together with the east incline, will serve as the main hauling shaft.

Ore Reserves (September, 1894).

Reef. Level. ‘I Thickness. Value. ‘ Tonnage. Total Tonnage.

J ft. in dwt. '

Main Reef Leader No. 1 2 0 20 23,700 —
Do. ,, 2 2 3 18 , 4,000 7,700
Main Reef ,, 1 3 0 10 24,450 —
D0. ,, 2 I 2 6 10 ' 4,000 28,450
56,150

Ore Reserves (December 31, 1894).

Reef. Level. Thickness. Value. Tonnage. Total Tonnage.

i a in. dwt.
Main Reef Leader No. 1 i 2 0 19 7,000 —
Do. ,, 2 I 1 9 20 20,000 27,000
Main Reef ,, l , 2 6 12 16,000 -~
D0. ,, 2 I 2 0 10} 20,000 36,000
‘ 63,000

The average assay value of the 63,000 tons is 14-8 dwt. per ton. The ore reserves have more
than kept pace with the demands of the 110-stamp mill, and a considerable amount of work has
been done in opening new faces on the 1st and 2nd levels for the rock drill plant, which consists of
a 20 drill compound air-compressor, and started work in January, 1895.
EQUIPMENT.—Th6 mine is equipped in a complete and substantial manner. Western Incline
Shaft: Size, 17 ft. 6 in. inside timbers; is divided in the 3 usual compartments. It is timbered
to a depth of 100 ft. with 9 x 9 in. pitch pine: the remaining 400 ft. are sunk in hard rock, and
no timber has been required. It is fitted with a wooden head-gear, and self-tipping skips of 3,000
lb. capacity ; the hauling-ways being fitted with 40 lb. rails, so as to provide for larger equipment.
Engine Room : One 8-in. Cornish pump, driven by one 100 h.p. Ruston & Proctor geared pumping
engine; 1 pair of coupled geared Ruston & Proctor, 8-ft. drum, 150 h.p. winding engines; 1 pair
of W'alker’s air compressing plant, 20 and 30x 36 20 drills capacity; and 4 Ruston &. Proctor
 or w: ‘ ‘f
@‘7 E R s I T Y
CALIOI' . A
WIT WA TERSRA ND MINES. i‘Tl-N' 273

60 h.p. boilers. A condensing plant, by Walker, is in position but has not yet been at work. Old
Central Vertical Shafl (to be shortly abandoned): This is fitted with an iron head-gear; a 6-in.
Cornish pump, worked by a Sandycroft 8 h.p. pumping engine; one 16 h.p. Marshall winding
engine ; and one 25 h.p. Marshall locomotive boiler.
East Incline Shaft: Is timbered to 190 ft., the remainder being sunk in hard rock. It is
fitted with a substantial pitch-pine head-gear, 40 ft. high. The size of the shaft, its equipment,
and equipment of the engine room are precisely the same as the equipment of the western incline
shaft, with the exception of air-compressing plant, compressed air being obtained from the western
shaft engines. The plant is on the ground, ready for erection. East Vertical Shafi: Size, 12 x
5 ft., fitted with pitch-pine head-gear; one 8-in. Cornish pump, driven by one 12 h.p. Sandycroft
pumping engine; one 16 h.p. Sandycroft winding engine; and one 25 h.p. Marshall locomotive
boiler. This plant and shaft will be abandoned as soon as the east incline has been connected with
the old works.
Crushers : At the western shaft, 1 No. 5 Gates crusher is being erected. At the east shaft
the present Blake crushers are being replaced by 2 No. 3 Gates. Sorting-floors will be erected.
This plant adjoins the battery.
Mill: The ore is conveyed to the mill from the western shaft by gravitation, and from the
east shaft by mechanical haulage. The plant consists of 65 Sandycroft stamps, 50 being 850 lb.
and 16 950 lb. 40 additional 1,050 lb. stamps are on the ground, ready for erection. All are
fitted with “ Challenge” ore-feeders, the whole being driven by 1 single-cylinder Ruston & Proctor
engine, 200 h.p., steamed by 3 Ruston & Proctor multitubular boilers, 80 h.p. each. 1 small
auxiliary 8 h.p. Marshall engine provides power for dynamos supplying electric light. It is in
tended to erect a large electrical plant to supply power to pumps, dynamos, etc. The tailings
from the mill are elevated by means of a double cylinder plunger-pump, 12 in. x 4 ft., and
delivered into 4 settling vats fitted with rotary distributers. The number of these vats will be
increased in proportion to the milling power.
Cyanide: From the settling vats the tailings are taken by mechanical haulage to six 25 x
8 ft. leaching vats, 130 tons capacity, and to one 30x8 ft. leaching vat, 130 tons capacity, all
fitted with bottom discharge. The remainder of the plant consists of 4 solution tanks, 17 x 8 ft. ;
3 zinc extraction boxes, 22x3 ft.; and 3 Cameron pumps for pumping solutions, worked by 1
small boiler.
ESTIMATE or Tom. TONNAGE or ORE m 'rns MINE—The original 47 claims (according to the
opinion of Sidney Farrar, the consulting engineer to the Company), contain, allowing for faults and
dykes, 1,000,0(D tons. Up to December 31, 1894, 50 stamps were crushing at the rate of 52,000
tons per annum, on this basis giving a life of 21 years. 15 stamps having since been added, the
annual crushing would amount to 72,000 tons, or a life of 15 years. This is taking the Kleinfon
tein reef only. The mill is now being increased to 100 stamps, crushing 114,000 tons per annum,
limiting the life to 10 years. At a vertical depth of 750 feet, or taking the average dip of the
mine at 1,060 feet (7th level) on the incline, the Kleinfontein reef would have passed out of the
Kleinfontein ground; and it was for this reason that the purchase of the dip ground of the Benoni
Exploration Syndicate was contemplated, and has since been effected. 88,16 claims have recently
been acquired. These claims are estimated to contain 2,000,000 tons. The average width of the
ground being 1,680 feet, the reef would only dip out of these claims at a mean depth of 2,430 feet,
and the ore-backs would have an average length of 2,170 ft., or 14 levels. This applies to the
northern or Kleinfontein Reef series only, consisting of the Main Reef and Main Reef Leader, but at
about 200 ft. south of the northern boundary of the Benoni claims, or about 900 feet south of the
Kleinfontein series, there are three distinct reef outcrops, the distance from the north to the
south outcrop being about 120 ft. (north to middle outcrop, 90ft.; middle to south outcrop,
30 ft.). This constitutes the Chimes Reef series, which, if proved to be as rich as in the New
Chimes Company’s property, will prolong the life of the mine beyond the present estimate. A
prospecting shaft is being put down to test the series, and a diamond drill hole bored to locate the
reefs at about 300 ft. depth. During April, 1895, satisfactory prospects were being obtained from
these reefs, and the bore-hole had proceeded as far as 180 ft. depth.
MINING ADVANTAGES or THE CLAIM Puacmss or 88 Cums—(1) Claim area. increased from
59 to 147 reef claims. (2) The total ore in the mine is 3,150,000 tons, as against 1,100,000 tons.
{3) With 100 stamps the life of the mine has been increased from 10 years to about 30 years. (4)
The vertical depth at which the Kleinfontein Reef passes out of the mine will be about 2,430 ft.,
as against 750 ft. formerly, and the ore-backs are about 3,230 ft. long, as against 1,060 ft. with
the former ground. (6) With the increase in the life of the mine, the increase in the milling
power is justified. (6) Development on Chimes Reef is likely to lead to favourable results.
FINANCIAL Rssuurs or THE PURCHASE or ADDITIONAL 88 Camus—During the eight
months ended December 31, 1894, 34,662 tons were milled, yielding 18,418 oz. 2 dwt., or 10,639
VOL. I. 'r
 274 .WITWA TERSRAND MINES.

dwt. per ton. The total cost of working for that period was £39,913 38. 5d., or 23s. 0671?. per ton,
and the profit £24,044 103. 6d., or 13s. 10'67d. per ton. The total value per ton of rock was thus
368. 11'34d. The average amount of rock milled per month was 4,228 tons, at an average cost of
£4,989 2». 1111. With 100 stamps at work (of which 50 are light and 50 are heavy) the monthly
crushing will be 9,500 tons, and the monthly profits should exceed £8,000. By handling larger
quantities of ore the cost can be reduced, and with 100 stamps the cost is estimated not to exceed
208. per ten for everything, viz. £9,500 per month (9,500 tons). Assuming the value of the ore to
remain the same as at present (at a value of 368. 113411. per ton), the profits would be 160. 113411.
per ten, or on 9,500 tons the profits would amount to about £8,050 per month, equal to £96,611) per
annum, or more than 50 per cent. on the nominal capital of the Company.
GENERAL REMARKS.-—-NOW that the Company has secured extensive dip ground, and in view
of the fact that 100 stamps will soon be at work, the prospects ought to be very promising.

NEW MIDAS ESTATE AND GOLD MINING COMPANY, LIMITED.

Formed in 1889, and rc-formcd in February, 1895.
CAPITAL—£100,000 in £1 shares; all issued and fully paid up.
Directors.
G. RoULIor (Chairman), (alternate F. Eoxs'rsm); E. Bnocnou (alternate R. DE BONAXD): W
in Joux CARR; J. ORNSTEIN (alternate P. DREYFUS); and L. Asaammsox (alternate H. J
AMB).
London Committee.
C. Russ, LUDWIG WAGNER, and HERMANN Zonrrarrz.
Secretary and Head Ofl’l'ce.
\V. S. EDKINs, Johannesburg, Transvaal.
London Secretary and Ofice.
A. Mom, 120, Bishopsgate Street, E.C.
CAPITAL.——Tlle Midas Black Reef Estate and Gold Mining Company was re-floated as the New
Midas Estate Company in 1895, with a capital of £100,000, appropriated as follows z—VVorking
capital (£12,500), 12,500 shares; purchase of property, 20,000 shares; to promoters guaranteeing
£12,500 working capital, 67,500 shares.
PROPERTY.—The property was purchased from the Midas Black Reef Gold Mining Company
for 20,000 shares. It consists of a mynpacht of 540 morgen, the freehold of a block of 54 morgen,
and the werf of 40 morgen, equal to 150 claims, irrespective of the mynpacht. The whole is situate
on the farm Middelvlei, district of Krugersdorp, West Rand. The Company also holds a water
right on the same farm. Distance from Krugersdorp, 71; miles, and from Johannesburg, 27 miles
Nearest railway station, Krugersdorp.
MINING INTELLIGENCE—In the western portion of the property there are three small incline
shafts down on the reef (considered to be the Black Reef), which are connected at the 80-foot level
One of these shafts is down to 117 feet, or the second level. The ore used for the test-crushings
was taken from this part of the mine, from the first level. Near the surface the width of the‘
reef was 5 to 6 in., but lower down towards the second level it has improved to 9 or 10 in. A
vertical main shaft is being sunk some 50 ft. further south, and is down 130 ft. The reef dips
here at an angle of 70°, so that the reef will not be out until a depth of some 200 ft. is reached.
In the eastern portion developing is also going on; the reef is exposed by a number of shafts right
up to the boundary of the property. In one section the reef is stated to have been found up to 3 ft.
wide, assaying from 15 dwt. up to 14 oz. The following are the assays given over a distance of
500 ft. in the eastern section: No. 4, 2 oz. 12 dwt. 12 gr.; No. 5, 4 oz. 11 dwt. 8 gr.; No. 6, 12
dwt. 20 gr.; No. 7, 2 oz. 10 dwt. 18 gr.; No. 8, 13 oz. 18 dwt. 20 gr.; No. 9, 15 dwt. 18 gr.; No.
10, 5 oz. 2 dwt. 19 gr.; No. 11, 5 oz. 22 gr. In the eastern portion the reef lies very flat, and it
is expected that in the western portion it will also flatten at no great depth. If this is con
firmed the whole of the mine will be worked on the long-wall system.
MAcHINERY.—-Tlie present machinery consists of a lO-stamp Sandycroft mill, and a cyanide
plant capable of treating 2,000 tons monthly.
 WIT WA TERSRA ND MINES. 2'7 0]

NEW MODDERFONTEIN GOLD MINING COMPANY, LIMITED.

Formed in April, 1888, and rc-formed in May, 1895.
CAPITAL—£1,000,000 divided into 250,000 shares of £4 each ; 225,000 shares issued and fully
paid up.
Directors.
LIONEL PHILLIPS (Chairman), F. voN Hussan'r, C. S. GOLDMANN, J. Bannanv, J. Kos'rnn,
J. G. CURREY, and W. T. GRAHAM.
London Directors.
R. S. D. FELKIN, M. LILIENFELD, and CHARLES Runs.
Secretaries and Head Oflice.
SPENCER & FLEISCHER, Johannesburg, Transvaal.
London Secretary and Ofiicc.
JOHN SEEAR, 16, George Street, St. Swithin's Lane, E.C.
FINANCIAL HIS'I‘ORY.—-Originnl capital, £200,000, of which the vendors received £160,000, and
£40,000 was working capital. The accounts of the old Company were usually made up to February
28. The accounts for the two years to February 28, 1893, showed a revenue of £6,286 from gold,
which reduced the debit balance of profit and loss account to £15,066. In October, 1893, crushing
was resumed for five months, which returned £17,321 133. 10d. In order to carry out the erection
of sundry buildings, etc., a loan was negotiated for £15,000, at 8 per cent. interest, with the
National Bank. On February 28,1894, this loan stood at £9,047 163. 11d., and was further
reduced in the following months.
Reconstruction scheme : On May 29, 1894, the following reconstruction scheme was carried:
( 1) To reduce the capital from £200,000 to £100,000; shareholders receiving 1 share in the reduced
capital for 2 in the old capital. (2) To increase the capital from £100,000 to £200,000 by creating
100,000 new shares, of which 75,000 shares for new working capital were offered at par to the
old shareholders; but the issue was guaranteed by J. W. Phillip on behalf of principals, who in
return for such guarantee had an option for 12 months to take up the remaining 25,000 reserve
shares at par. Shareholders had the right to apply, up to August 15, 1894, for their proportion to
the working capital. The above reconstruction scheme was carried on May 29, and confirmed at
a meeting held June 9, 1894. Modification of the scheme and alteration of the capital .' A
meeting was held on May 8, 1895, for the purpose of writing up the capital of the Company by
converting the £1 shares into £4 shares, thereby giving the £1 shares a face value of £4. This
increased the nominal capital from £200,000 to £800,000, divided into 200,000 shares of £4 each.
Simultaneously it was found advisable, for reasons mentioned below, to increase the capital by a
further £200,000, making the capital £1,000,000; which involved the creation of 50,000 new
shares of £4was
and others, each.to offer
The 25,000
originalofproposal made by Messrs.
the newly-created H. Eckstein
£4 shares & Co., Messrs.
to shareholders S. Neumann,
registered May 20,
1895, pro rata at £7 per share; they undertaking to subscribe any portion of the shares not
applied for. In consideration of such guarantee, the reconstructors to have a 12 months’ option,
from the date of registration of the new Company, of 12,500 of the remaining 25,000 shares held in
reserve at £9 per share. At the meeting held on May 8, 1895, Mr. Lionel Phillips, on behalf of his
firm and the other guarantors, explained that, in consequence of the market price of the shares
having advanced since the offer was made on February 16, 1895, they decided to modify the offer
to correspond with the market price then ruling. lilodz'fied ofl‘cr : To offer 25,000 shares to share
holders pro rata at £12 per share, such issue to be guaranteed; in consideration of which the
guarantors take a 12 months‘ option on £12,500 of the remaining 25,000 shares at £17 per
share. This modification scheme, which meant a difference in favour of the Company of £225,000,
was unanimously accepted. The first reconstruction scheme, in June, 1894, gave the Company a
cash working capital of £100,000; while 25,000 shares, at £12 per share, issued May, 1895 =
£300,000; and 12,500 shares, at £17, under option, if exercised,= £212,500; so that the cash
provided is £612,500 in all, leaving 12,500 shares in reserve. In order to effect the above conver
sion of shares into £4 shares, the entire assets of the Company had to be transferred to a new
Company called the New Modderfontein Gold Mining Company, with a capital of £1,000,000, in
250,000 shares of £4 each. The old shareholders, for their 200,000 shares of £1 each, receive
200,000 shares of £4 each in the new Company. The old Company, having transferred all its
assets to the new Company, went into liquidation.
FINANCIAL Erasers on THE PRooLAuA'noN or THE FARM.—The farm Modderfontein was de
clared a public goldfield in July, 1894. Besides the mynpacht, to which the Company as owners are
entitled, the Company pegged off 1,100 claims. A good many of these were repegged by others,
276 WITWA TERSRA ND MINES.

and the Company’s title disputed. Of these, one disputed block of 110 claims pegged by Gauf and
others was referred to the law courts, and the decision went against the Modderfontein Company.
In order to protect the interests of the Company an arrangement was made with the plaintiffs
for the acquisition of these claims in the event of the case being decided against the Company.
In terms thereof the 110 claims were repurchased for £110,000. One of the reasons for the recon
struction of the Company in May this year was the necessity for giving effect to this arrangement.
Acoonx'rs— Balance-sheet as at February 28, 1894.
Liabilities. £ a. d. Assets. £ 8. d.
To Capital account, for 200,000 By Property account 160,000 0 0
shares at 208. 200,000 0 0 ,, Permanent Works—
,, National Bank 9,047 16 11 Mainshaft,£10,660 14 9
,, Sundry creditors 1,735 12 4 Dam... 691 19 3
*— 11,352 14 0
,, Development . .. 8,193 10 7
Drives, winzes, and cross
cuts.
,, Machinery and plant 11,072 19 5
,, Buildings 5,913 1 6
,, Stores on hand 188 9 3
,, Office furniture 103 11 0
,, Live stock 52 10 0
,, Cart and harness 41 15 0
,, Tram plant 368 8 11
,, Sundry debtors 142 10 0
,, Cape of Good Hope Bank, in
liquidation 231 3 9
,, Cash at mine 46 17 4
,, Balance profit and loss
account 13,075 18 6
£210,783 9 3 £210,733 9 3

Profit and Loss Account for Year ending February 28, 1894.
£ 8. d. £ 8. (I.
To Balance brought forward from _ By Gold account-—
last account 15,066 15 0 4643 oz. realiz
1! Mining fwd Milling— ’ing £17,407 18 2
Mining .-. 2 Less ex
Mlllms (1’an Ryn penses, etc. £86 4 4
20 stamps) £3,874 16 8 i——— 17,321 13 10
Assays £61 7 6 ,, Rent account 141 O 6
_ _ 12,884 2 4 ,, Balance carried forward 13,075 18 6
,, Prospecting and sundries 2,587 15 6

£30,538 12 10 £30,538 12 10

prscmrrriou or PRoPERrY.—The property consists of a freehold portion of the farm Modder

fontein, in extent 1,200 morgen, approximately 2,500 acres. As owner, the Company on proclama
tion became entltled to the mynpacht, viz., one-tenth of the total area, equal to 120 morgen, repre
presenting an area of 1728 mining claims (150 x 400). Besides these the Company Owns 3
water-rights, and further, 1,110 mining claims held under licenses to the south and east of the
mynpacht. :l‘he mynpacht is 4,700 ft. along the north boundary, and 2,400 ft. on the dip, being
rectangular in shape. The claims are all more or less reef-bearing. The reefs outcrop at the
western corner of the Modderfontein boundary, and enter the Van Ryn Company’s property, Whem
the Chimes or Modderfontein reef skirts the northern boundary of the Modderfontein Company‘
and finally bends again into the Modderfontein property. The Modderfontein Company has
therefore its outcrop claims, and, besides, has the immediate deep level of the Van Ryn Company’s
reefs. The workings of the Van Ryn Company on the outcrop of the Chimes reef just north of the
Company s boundary line have proved that it is of good quality, and indicate that at each succeeding
level of the Modderfontem mine the length of payable ground will increase. In the north-west
 WITWATERSRAND MINES. 277

corner of the Modderfontein mynpacht the Chimes or Modderfontein Reef outcrops for a distance of
1,000 ft., and then enters the Van Ryn Company's grounds, dipping towards the Modderfontein’s north
boundary, and skirts this boundary for about 4,000 ft., after which it turns due east and re-enters
the Modderfontein property, where it has been proved in various prospecting winzes. A little to
the north-east, and parallel to the Chimes Reef, the Kleinfontein Reef (which is being worked by
the New Kleinfontein Gold Mining Company) makes its appearance, and continues its easterly
direction through the Modderfontein property for an approximate distance of 1% miles. The
Chimes or Modderfontein Reef runs through the Modderfontein property for a distance of 3 miles,
with the difference that the reef at the western end of the mynpacht, before entering the Van
Ryn property, dips steeply at an angle of 70°, while, where the same roof, after skirting the
north boundary for 4,000 ft., re-enters the Modderfontein property, the dip has flattened to about
15° to 20°. The steep dip of the reef in the mynpacht is a very important feature. The distance
from the main incline shaft to the south boundary of the mynpacht is 2,300 ft. The dip of the
reef at 90 ft. below 4th level (a depth of over 500 ft.) is 65°. If this dip is maintained, the dis
tance on the incline of the reef to the south boundary of the mynpacht (beyond which the Company
has several other rows of claims) is 5,442 ft. If the dip should flatten to 55°, it would be 4,009 ft. ;
if it should flatten to 45°, it would be 2,300 ft. The reef would therefore be struck at a vertical
depth from the surface on the south boundary of the mynpacht of—
4,932 ft. with the reef dipping at 65°;
31284 n 11 55°;
2300 n 1; 45°;
which gives an approximate idea of the large ore contents that may be expected from the 172
claims constituting the mynpacht alone. (For plan, see Volume III.)
DEVEbOPMENT.—The mine is being developed by means of 2 shafts. No. 2 Main Shaft, which
is the old shaft formerly called the “ incline,” is situated in the north-west corner of the mynpacht,
500 ft. east of the New Chimes Company’s boundary. It has been sunk to a depth of 640 ft. on
the incline (July, 1895). At present it is being used as a development shaft, but as this work will
soon be done from the new No. 1 shaft, the incline will ultimately be used only as an air-shaft and
ladder-way. From this shaft levels have been opened out at 100 ft. (1st level), 200 ft. (2nd level),
300 ft. (3rd level), 450 ft. (4th level), and 600 ft. (5th level). The whole of the 1st level is opened
for a length of 1,000 ft. Part of this has already been stoped to supply the mill when it was
previously at work. The second level has a length of 1,250 ft., and is fully developed. The 3rd
level has a length of 1,500 ft., and is also fully developed. The 4th and 5th levels are now in
course of development. Owing to the manner in which the projected planes of the reef and
boundaries of the Modderfontein and Van Ryn Companies intersect each other, it is calculated that
for every 140 ft. sunk, the length on the strike of the reef in each succeeding level will be increased
by 300 ft. Thus the length of the 4th level will be about 1,800 ft., and that of the 5th level
about 2,100 ft. No. 1 Main Shaft: This shaft is situated 500 ft. east of No. 2 incline, and 150
ft. south of the Van Ryn boundary. It was started in August, 1894, and has now reached a
depth of over 4(1) ft. Its size is 15 x 5 ft. 6 in. in the clear, fitted with two hoisting compart
ments, one small sinking compartment, and pump- and ladder-way. It is sunk to a vertical depth
of 230 ft. It is timbered with 8 x 8 in. Oregon pine to a depth of 235 ft. At 230 ft. it is con
tinued on the incline in the footwall of the reef at an angle of 65°. This shaft will connect with
the respective levels driven, and as it will be the chief hoisting shaft all the mill equipment is
placed close to it.
ROCK-CUT AND ORE-RESERVES.—Durlng the year ending February, 1895, about 4,500 ft. of
sinking and drifting was accomplished. At February, 1894, the ore-reserves amounted to only
12,000 tons; at the end of February, 1895, the ore-reserves amounted to approximately 75,000 tons,
and by this time (September, 1895) amount to 140,000 tons. All ore beneath the 1st level is
pyritic.
Dip of the Reef .' The reef is encased in quartzite, and has a dip to the east in the mynpacht
of from 75° to 65°.
Value and Width of the Reefs: On the let level the reef, over a width of more than 3 ft., has
a value of 35 dwt. to the ton ; and in the 2nd level it is worth nearly 30 dwt. over the same width.
The 3rd and 4th levels have a value of between 25 and 30 dwt. per ton over a width of 3 ft.
This is the result of a careful and systematic sampling of the mine; every 20 ft. in the mine
having been carefully sampled and assayed. The assays from the lowest levels are in some
instances exceedingl high. The above estimates of the value of the one are arrived at by taking
a width of 3 ft. 0 reef, which must necessarily be stoped,—it being most diflicult to stope any
narrower width than 2 ft. 6 in. to 3 ft. This fact must be thoroughly appreciated in order to
understand why the ore beds, which assay much higher, work out lower. The simple reason is
that the reef, which is rich and narrow, cannot be stripped clear of the encasement. About 3 ft. of
278 WI T WA TERSRA ND MINES.

reef is blasted down, and the value of the reef is distributed over a 3 ft. width, which brings down
the average. The reef itself is made up of comparatively narrow beds of conglomerate, one of
which, close to the hanging-wall, is called the leader, being always the richest. It varies from 3
to 4 in. in width, and assays up to 30 oz. to the ton for this width. The pebbles in this reef are
very small, being only about in. in diameter. Both the foot- and hanging-walls of the reef are of
quartzite, the entire reef being about 3 ft. wide. Some 40 ft. to the north lies the North Leader,
which has been opened up at various points by cross-cuts. When out in May, 1894, this leader
showed itself to be exceedingly rich; but on further development it became poorer, and is not now
being developed. The reef is narrow, being from 1 to 3 in. wide.
PROSPECTING VVORK.-—This was vigorously pushed in order to locate the strike of the Modder
fontein reef beyond the mynpacht throughout the property. The first line of winzes was located
just east of the mynpacht. Here the reef was found in four separate winzes sunk at intervening
distances of about 100 ft., proving about 500 ft. along the strike of the reef. The assays were
very fair. In winze C, in east drift, 20 ft. from winze, part of the reef, viz. 5 in., assays 67 dwt.,
and the remaining 12 in., 14 dwt., giving an average value of ‘20 dwt. over a width of 2 ft. In
winze B, at a depth of (57 ft., 6 in. of the reef assayed 85 dwt. ; together 9 in. of the reef assayed
55 dwt., which gives an average of 23-3 dwt. over a width of 2 ft. In the second group of winzes,
situated near the east boundary of the property, the reef series was also passed through in one
winze, but the value was poor. This, however, is of minor importance. The more important fact
is that the reef, by means of the prospecting work, has been proved to strike right through the
Company’s property.
MILLING RESULTS.—In October, 1893, 20 stamps of the Van Ryn Company were leased. To
February 28, 1894, 8,770 tons of ore were crushed, producing 5,077 oz. of gold. Yield of Ore :
The yield by amalgamation had an average of 1157 dwt. per ton. The tailings assayed 6 dwt
9'4 gr., and the concentrates assayed 11 oz. 6 dwt. 8 gr. With reference to the above return 11
tons of concentrates were caught, containing 110 oz. of gold, adding 025 dwt. per ton to the above
yield of the ore. All the above ore came from the 1st level.
WORKING Cos'rs—During' the 5 months, from October, 1893, to February, 1894, the total cost
of mining, milling, maintenance, general charges and development averaged 298. 3d. per ton, and
the gold won by amalgamation on the plates was of the value of 43s. 6d. per ton, leaving a profit
of 14s. 6d. per ton, or, for the 5 months’ working with 20 hired stamps, £6,570 118. 5d. This does
not include the value of the gold from the concentrates or tailings. The milling and transport
expenses were necessarily high (98. per ton), as the ore was crushed at the Van Ryn mill, and all
superintendence and other charges were debited against an output of only 1,750 tons per month,
which falls short of the real capacity of the mine.
PROCLAMATION or THE FARM AS A PUBLIC Gonn Dreams—The farm was proclaimed a public
goldfield in July, 1894. All precautions were taken to protect the interests of the Company.
The Company ,interpreted the Gold Law in such a manner that it reserved to itself, under the
privileges pertaining to vergunningen, the right to peg 1,110 claims, which it exercised on the
day of proclamation. ‘Portions of these claims were repegged by other parties, which gave rise
to litigation. Gauf was the chief pegger of 110 valuable claims to the south and east part of the
mynpacht, and the judgment of the High Court in that case, which was adverse to the Company,
gives a new interpretation to the reading of the Gold Law. According to that judgment, vergun
ningen are rights only given to genuine parties other than the owners themselves, who have
precedence in case of proclamation. The law courts construe the act of an owner appropriating
the right of pegging under vergunningen as an act of malpractice under the Gold Law. The
Court declined to acknowledge any privilege which the Company claimed under vergunningen
rights, and the only point open to discussion is the right which the Compan claims for coming in,
as ordinary peggers, under the provisions of the Gold Law. In the case 0 Gauf v. the Modder
fontein Company, it was proved to the satisfaction of the Court that Gauf pegged sooner than the
Modderfontein, and the claims were in consequence allotted to him, and subsequently were purchased
by the Company. The two principal law-suits pending are the water-right case of Kempin and
(with regard to 111 claims) the case of Frische. In all disputes the Company maintains that it
was the first pegger, and it is on this point that it bases its defence.
GENERAL REMARKS.—The Company holds the freehold of the farm Modderfontein, and as such
receives the half of all the license money, the Government receiving the other half. In the case of all
the re-pegging, etc., the Company received the benefit of all the licenses taken out, for when licenses
have once been issued the license money is not refunded.
EQUIPMENT (July 22, 1895).~—The mine is at present being developed through 2 shafts, the
west shaft and No. 1 main shaft. Two more have been located, and sinking will be started
shortly. These will be named Nos. 2 and 3 main shafts. The west shaft is equipped with a wooden
head-gear, erected at an angle of 65°, and a winding and pumping engine, with a boiler of about
60 h.p. This engine will probably be powerful enough to do all the work that will be required at
 WI 1 WA TERSRA ND MINES. 279
this shaft. Air pipes have been conveyed down the shaft from a receiver at the head-gear, and at
present the air for working the drills employed is conveyed by them. This air is obtained from the
Van Ryn Company's air compressor, at a distance of some 500 yards. Up to the present most of
the work of the mine has been carried on through this shaft, but in the future both hauling and
development of this, the western, part of the mine will be carried on through No. 1 main shaft.
No. 1 Main Shaft; This shaft is sunk vertically until about half-way between the 2nd and
3rd levels, when it is turned off on the reef, which dips at an angle of 65°. It will have
4 compartments: 2 for hauling, 1 for sinking, and 1 for the ladder-way, in which will also be
secured the electric cables, and the air and water pipes. It is equipped with a vertical head-gear,
arranged for 3 self-dumping skips, 2 for hauling and 1 for sinking. The hauling skips will hoist
from 30 to 32 cwt. of rock, and the sinking skip about 15 cwt. The rock from the main hoisting
skips will be dumped over a shutter, which may be opened in case of hauling waste, and when closed.
will pass the rock on to the grizzlies, through which, the fine rock having fallen, the coarse rock
will run into a bin. From this it will be fed on to a sorting belt, which will act both as a sorting
medium and a mechanical conveyer, conveying the coarse rock from the head-gear to the crushing
station. On either side of this sorting belt will be a platform, on which trucks will be run con
veying the waste (sorted out of the coarse rock on the belt) to the dump. The bin which feeds the
belt will be so arranged that, in case of stoppage to the latter, the trucks which otherwise convey
the waste rock to the dump will be fed directly from the bin, and used to convey the rock around
the sorting belt to the crusher, thereby obviating a stoppage in the case of a breakdown of the belt.
The fines, which, as before mentioned, have passed through the grizzlies, will be conveyed by a
long shoot to a fines bin, situated on one side of the head-gear, from the shoots of which they
will be filled into trucks and hauled direct by the incline to the mill. The coarse rock, having
been fed into the crushers and crushed, will fall from them into the coarse rock-bin, from the shoots
of which it will also be fed into the trucks and hauled direct by the incline, as in the case of the
fines, to the mill. The sorted rock from shafts Nos. 2 and 3 will be brought by an electric tram to a
bin, which will stand high enough to feed into the same crushers as are fed by the sorting belt on
No. 1. The fines from these shafts will be run also by an electric tram on to the same level at
which the fines from No. 1 are hauled, the whole being handled by the same incline, and thereby
conveyed to the mill. The hauling engine for No. 1 shaft consists of a 15 x 42 ft. direct acting hoist,
fitted with post brakes, 8 ft. drums, and a specially designed valve-gear, which will result in
the greatest economy of steam, being operated substantially in the same manner as that described
under the heading of the City and Surbuban. This engine is also attached to a surface condenser,
as is the sinking engine. By this means considerable economy of steam is effected, and a great
saving in the wear and tear of the boilers, owing to the elimination of sulphuric acid and other
mineral impurities which are so prevalent in local mine water, and by enabling the feed-water
supply of the boilers to be kept up with a very small amount of pure water. This engine is capable
of hauling from 1,500 ft. the skips before mentioned at a rate of 2,000 ft. per minute. The sinking
hoist is a fix 16 ft. geared engine, by Messrs. Howard, Farrar & Co., and is capable of lifting
from 1,200 ft. the sinking skip previously mentioned at a rate of about 600 ft. per minute.
Shafts Nos. 2 and 3: Those shafts have only just been located, and sinking operations have
not yet been started. It is proposed to equip them with head-gears with the usual bins and sorting
floors. The hoisting will probably be done by electricity furnished from the main engine-room,
thus obviating the necessity of separate steaming stations. The coarse rock, after having been
sorted, and the fines will be trammed by electric tram to the Central Station at No. 1 shaft.
Mill: The ore which has been collected at the Central Station is, as before described, hauled
to the mill by an incline which is operated on the tail rope system, and is so arranged that the ore
is conveyed from the shoots of the various bins to the lace where it is required to be tipped into
the mill bin without any handling whatever. The mill) itself has been designed by Mr. Fearnside
Irvine, and the ironwork supplied by Messrs. Fraser & Chalmers. This mill has been fitted with
all the latest improvements, and is the first one on these fields in which 1,250 lb. stamps have been
employed. In most other details it is similar to the City and Henry Nourse new mills. It is
expected that a great saving will be effected in this mill by running the stamps at a slightly less
number of drops, and thus obtaining on account of the considerably increased weight an increased
output with less wear and tear. 60 stamps only have been erected, but the mill has been designed
so that without any alteration or stoppage it can be increased up to 160 stamps. The rest of the
plant is also so arranged that it can be correspondingly increased.
Boiler Room: This boiler room has been designed to supply steam for all the purposes of
the mine, it being proposed, as before mentioned, to convey the power required for working the
eastern shafts to them by electricity, and thereby making it possible to work the whole mine with
this one steaming station. At first there will be 4 boilers of the marine type, 11 ft. long and
9 ft. 6 in. in diameter. These will be set in brickwork with return fiues along the sides, and will
supply steam at 181) lb. pressure to the mill engine, the auxiliary engine, and the two hoisting
280 WI T WA TERSRA ND MINES.

engines. The mill engine, being a quadruple expansion engine, will take steam at boiler pressure ;
but for the use of the other engines the pressure will have to be reduced by reducing valves which
will be fitted on the engines themselves. This will enable all the advantages of high pressure
steam to be used by the plant, and ought to conduce to economy. At the Crown Reef, City and
Suburban, and Henry Nourse, economizers have been fitted to raise the temperature of the feed
water before its entry into the boilers. At this mine another method of heating the feed-water
has been adopted, the makers of the boilers having recommended that they be used without
economizers. -
Mill Engine: The mill engine is a quadruple expansion engine by Fleming & Ferguson,
and is arranged similarly to that described under the heading of the Henry Nourse; the only
difference being that in the Fleming & Ferguson type of engine the connecting rod is on top of the
crank, whilst in the King engine it is below it. This engine is capable of developing from 400 up
to 700 h.p. at a very high rate of economy, and has been supplied with a guarantee from
the makers that between the limits of 450 and 650 h.p. it will not use more than 12% lbs.
of feed-water per 1 h.p. It will be coupled direct to the line shaft of the first row of stamps.
The second row, which will be disposed back to back with the first, will be driven by ropes,
as will also the main counter-shaft. On this counter-shaft, which runs at a speed of 251)
revolutions per minute, are mounted the rope pulleys, which are operated by Sneyers’ friction
clutches. These pulleys will drive the dynamos, the crushers, the hoists for the incline, the feed
pumps, the air compressor, etc. This shaft is so arranged with the main driving pulley at one
end, and that driven by the auxiliary engine at the other, that should any accident happen to the
main engine, by simply throwing out one clutch and putting in the other, the driving of the
counter-shaft and mill will be assumed by the auxiliary engine until any repairs which may be
necessary are effected. Taking into consideration the fact that this plant had to be designed for
a possible increase from 60 to 160 stamps, it was thought advisable that the mill engine, in
order to be efficient, should drive not only the mill and the electrical plant, but the air compressor
also. On the increase of the stamps calling for more power than can be furnished by the engine
first put down, it is intended that a portion of the electrical power and the compressor should be
taken off and driven by a second engine, which would take the place of the present auxiliary, and
which can be proportioned to whatever extension of stamps is ultimately determined on. The
present auxiliary engine would then be either sold, or, if required, converted into an air compressor,
which would also be driven by the counter-shaft. By this plan it has been possible to provide an
engine which from the first will work efiiciently, economically, and regularly, leaving the
determination of the size of the second engine to be proportioned exactly to what may be required
by the ultimate increase, and thereby ensuring that the Company will suffer no loss by having to
convert or add to their original engine—a proceeding which costs both time and money.
Air Compressor: This air compressor, which has been built by Messrs. Walker, is arranged
as a duplicate lO-drill plant, each half being a complete vertical compound air compressor, and the
air cylinders being arranged tandem one above the other. It is driven by a rope pulley mounted
in independent bearings between the two halves, driving either at will by means of a clutch
coupling. Adjustment of the output of this compressor to the requirements of the mine will be
obtained as follows : On the counter-shaft are fitted two driving pulleys of different size, either of
which carries a sufficient number of ropes to drive the compressor. Round these pulleys and the
driving pulley of the compressor is wound an endless rope adjusted by atightener in a manner simi
lar to that described with the Crown, Henry Nourse and City plants. This rope may then be driven
by either of the pulleys mounted on the counter-shaft, the one pulley running loose on the shaft
while the other is driving ; and thus the compressor may be driven at two different rates of speed,
viz. 48 or 70 revolutions. These speeds will correspond in the one case to the supply by each half
of the compressor of 7 drills, and in the other case of 10 ; and it is therefore obvious that, by run
ning one—half of the compressor, either 7 drills or 10 may be operated, and by coupling the com
pressors together either 14 or 20 may be used. It is thus possible, without in any way reducing
the economy of the compressor, to work either 7, 10, 14, or 20 drills, and should a greater variation
than this be required, it will be provided for by a by-pass valve automatically worked by the air
pressure, and fitted to the air cylinders themselves. The advantages of two-stage air compression
are already described under heading of the City and Suburban. Auxiliary Engine : This engine,
which is by Messrs. Wilson, of London, is a double simple cylinder 15 x 18 two-crank vertical
engine. It will develop up to 250 h.p., and will be capable of driving either the air compressor
or the (:iO-stamp mill, with in both cases part of the electrical plant. Air and Feed Pumps: In
dependent air and feed pumps, one set of which is driven by steam and the other by gearing, have
been fitted, so that, in case of an accident to any of the engines, no inconvenience will be felt in
either feeding the boilers or operating the condensers. The whole of the condensing water, as well
as the cooling water for the compressor, is furnished either direct by the main dam pumps, or
from a large reservoir, 50 ft. in diameter and 12 ft. deep, erected on trestling 20 ft. high behind
 IVITIVA TERSRAND MINES. 281

the mill. Thus water can be pumped either direct through the condensers to the mill and
cyanide works, or direct to the reservoir, and returned thence to them through the condensers.
Dynamos: Four generators have at present been laid down with provision for two others.
These are arranged coupled together in pairs on a new principle with the object of facilitating the
withdrawal of an armature in case of accident ; of preventing the pull of the rope on the armature
spindle bearings; and also of reducing the number of driving pulleys, and thereby the floor space
occupied by the ropes. It has been decided to drive these machines by means of a short piece of
shaft placed between them, carried in separate bearings, which take the pull of the rope, the arma—
ture spindles being coupled to this on either side by means of a sliding jaw clutch. The field
magnets are fitted with loose horns, and a travelling crane is fixed above the machines. By these
means it is possible, should an armature fail, to unclutch it, throw back the loose horns, hoist it
out, and replace it in the smallest possible time, an operation which was impossible when the
driving pulley was keyed to the armature spindle, and the whole had to be drawn out on end
from between the pole-pieces. As it is highly important that an armature be replaced in a
very short time, this improvement is manifestly a great advantage. The arrangement of the
circuits for the distribution of the power and light on this mine is as follows: Firstly, in order to
minimize risk of damage to the machines by lightning, it has been decided to excite the field
magnets by separate machines, these machines being also used for lighting the mill, boiler-room,
and engine-room, the circuit in no case going outside the buildings. It is thus impossible for any
damage to the outer circuits by lightning to cause the lights of the engine-room, mill and boiler
room to be extinguished, or the fields of the generators to be damaged. The outer circuits are pro
tected at each end by a tank lightning arrester specially designed by Mr. Fearnside Irvine. Since
the erection of these at other mines it has been found possible to run through lightning storms——
which are very severe upon the Rand—where formerly the whole plant had to be shut down. By
the afore-mentioned arrangement for the safety of the fields, the protection of the outer circuits by
these arresters, and the reduction of the generator voltage to 120, it is expected that accident by
lightning will be almost impossible. The reduction of the voltage of the generators to 120 has
necessitated the adoption of the 5-wire system for distribution. The current for lighting and for
motors close to the central station will be carried on a 3-wire system, whilst that for motors at a
distance will be carried on the 5-wire system, the voltage for lamps being 115, small motors 220,
and large motors 440. A complete arrangement of switch-board with separate circuit boards for
each division, fitted with automatic regulators and switches, has been designed to provide for every
contingency, and the whole will, when complete, make this one of the most advanced electrical
plants to be found anywhere.
Mine Pumps: The mine pumps will be of the ordinary three-throw type used on the City,
Crown, Heriot and other mines. They will, however, be fitted with specially designed valves to
obviate the great wear and tear due to the pumping of acid water, which has been found to cause
great inconvenience in some of these mines.
Main Dam Pumps: There will be 3 sets of main pumps, two of which will be erected now,
the third set to be ordered at a future date when required by the extension of the mine. They
will each consist of three 15 x 18 vertical plunger pumps of exactly similar design to those supplied
for the Nourse, Robinson, and City mines. They will be driven by electric motors, taking current
at 440 volts, and will each be capable of delivering 50,000 gallons of water per hour. They will
be so arranged that any motor will be able to drive any pump, so that in case of accident to either
motors or pumps no stoppage can ensue.
Workshops: As this mine is situated a long way from Johannesburg, it was necessary to
design the workshops upon a sufficiently complete scale to render them able to undertake all the
repairs of the mine, so as to be perfectly independent of the repair shops in Johannesburg. With
this in view the shops were laid out on an extensive scale. The smiths‘ shop, fitting shop, and
carpenters’ shop are all arranged in line, and consist of a shed 40 ft. 6 in. wide inside and ‘256 ft.
long, divided by suitable partitions. The smiths’ shop is 110 ft. long, and contains 15 ordinary
fires and two circular hearths. There are also here a. plate-rolling machine capable of rolling plates
up to 6 ft. wide, punching and shearing machine, a Root’s blower, pneumatic hammer or drill
sharpening, and a steam hammer for general forging. The fitting shop is 90 ft. long, and contains
the following tools: A 10-in. surfacing and screw-cutting gap lathe with 22-ft. bed, capable of
being raised up so as to take in a 5-ft. pulley; a 6-in. screw-cutting and surfacing lathe; a large
Richards’ planing machine; pipe-screwing machine ; bolt-screwing machine ; emery grinder ;
emery saw-sharpener; large grindstone; 2% and 2 ft. spindle radial drills; shaping machine, etc.
There is also a vice board 50 ft. long fitted with 10 vices. The carpenters’ sho , which is 54 ft.
long, contains a 42-in. circular saw-bench, wood planing machine capable of ta ing a 16 x 16 in.
log with a travel of 24 ft., and a large band saw. These machines are all driven by a 40 h.p.
electric motor, which is provided with a fly-wheel weighing about 1 ton. By this arrangement no
perceptible "ariation of speed is caused by the heaviest cuts which may be taken on the circular
282 IVITWATERSRAND MINES.

saw. It is also contemplated to erect a foundry, so that any castings required for the mine can be
made on the spot.
Ofii'ces: These ofiices contain a manager’s ofiice, a drawing office, a secretary’s office, a general
and pay office, a safe deposit-room, smelting, calcining and retorting-room, room for assay and
muflle furnaces, laboratory, weighing-room, and a bedroom. This arrangement enables the manager
to easily supervise all the operations of reducing the gold, and to get, at any moment, and in the
shortest possible time, any information which he may require for the working of the mine.
Cyanide Works: These works are arranged on similar lines to those of the Henry Nourse,
with double treatment, but have been so designed that the extension from a 60 to 160 stamp pro
position will be an easy matter, and will cause no stoppage of the works whatever. The lower
-filter and solution tanks will be built of iron on concrete bottoms, while the upper tanks will have
iron sides and wooden bottoms. Two upper tanks will be fixed over one lower one, and the’ tailings
discharged through bottom doors into the tanks underneath, being in their turn discharged from
these to the dump through side discharge doors similar to those provided for the City, Henry Nourse,
and other plants. The tailings leaving the mill will be classified into four products, viz., con
-centrates, coarse sands, fine sands, and slimes, and the plant is arranged to give to each of these
products the proper amount of treatment which may be required by it. The slimes plant will not
be erected until the experiments at present being conducted at the Crown Reef have demonstrated
the best practical method of carrying out these works. The whole of the solutions from the leach
ing of these different products will be run down to one extractor house, and will be handled, as will
the slimes, by centrifugal pumps. These and all the other portions of this plant will be carried
out substantially as described under the heading of the Henry Nourse cyanide works.
Quarters: Quarters for 160 men, a large boarding house, and a large new Kafiir compound,
have been erected. The compound is subdivided into three courts, which has the advantage of
enabling the different tribes of natives to be separated from each other, and secures better order
and sanitation.
The whole of the plant has been designed and is being erected by Mr. Fearnside Irvine, of
Messrs. H. Eckstein & Co.

NEW PRIMROSE GOLD MINING COMPANY, LIMITED.

Formed in 1887, and rc-formcd in 1889.
CAPITAL—£280,000 in £1 shares; all issued and fully paid up.
Directors.
B. I. BARNATO, M.L.A., Chairman (alternate J. Tunnors), E. BRAYSHAW (.llanaging
Director), S. B. JOEL, VVooLF JOEL (alternate F. J. Deanna) J. Drxox (alternate G. Inaorrn).
Secretaries and Head Oflce.
Johannesburg Consolidated Investment Company, Limited, Johannesburg.
London Agents.
Johannesburg Consolidated Investment Company, Limited, 7, Lothbury, E.C.
CAPITAL CHANGES AND APPROPRIATION—Th6 original capital was £35,000, appropriated as
follows: 10,450 shares subscribed at par for working capital, realizing £10,450; 16,850 shares
divided between the vendors, being the Primrose Prospecting and Mining Company, Limited, with
12 outcrop claims, and the holders of the first row of 12 dip-claims known as the “Milne Block "1
2,700 shares to cover preliminary expenses; 5,000 shares held in reserve; total, 35,000 shares. On
September 23, 1889, the capital was increased to £175,000, of which 150,000 shares went to the
old shareholders, being 5 new shares for 1 old one; the 5,000 old reserve shares were cancelled.
and of the remaining 25,000 shares 14,637 were realized at par, giving £14,637 for working capital
and 10,363 shares were kept in reserve. 9,000 of these were given in April, 1891, for the property
of the South Primrose Gold Mining Company, consisting of 27 dip claims, leaving a balance of
1,363 shares in reserve. Of these 650 shares were given in exchange for the 40 claims and assets
of the Moss Rose Extension, leaving 713 shares in reserve. In 1893 the capital was again
increased to £230,000 by creation of 55,000 new shares, of which 43,636 went in payment of the
New Moss Rose property and plant, and 11,229 were sold to shareholders for £37,840 178., leaving
848 shares in reserve. In 1894 a further increase took place, raising the total capital to £280,110,
the 50,000 new shares being appropriated as follows: To the shareholders of the May Deep Gold
Mining Company in part-payment of their 25 claims, 18,750 shares; 30,000 shares to the share
holders of this Company at £4 per share, realizing £120,000, leaving, together with the old reserve
shares, 2,098 shares in reserve. The purchase of the May Deep Level claims included the taking
over of the liabilities of that Company, amounting to about £32,000, which was paid out of the
fresh capital created by the sale of the 30,000 new shares. The above-mentioned reserve shares
 WITWA TERSRA ND ,MINES. 283

have since been disposed of; but as the later accounts are not out, the exact amount realised is not
known. Total capital supplied, £182,927 178., including premium realised on shares, £116,611 178.
ACCOUNTS AND FINANCE—ACCOuntS are made up annually to June 30. The last accounts are
made up to June 30, 1894, before the last increase of capital took place, and consequently before
the May Deep Level property was incorporated in this Company’s assets. The following statement
gives details of revenue, loss and profit since milling operations were started up to June 30, 1894.
Period. Total revenue. Total costs. Profits.
*7 a 5*... d. .e i. d. '0 s .. .1.
July, 1888, to December 30, 1890 69,205 13 4 ' 62,425 12 10 6,780 0 6
6 months ended June 30, 1891 34,473 14 3 25,912 1 8 8,561 12 7
12 ,, ,, June 30, 1892 134,595 0 11 79,870 1 11 54,724 19 0
12 ,, ,, June 30,1893 240,597 18 10 1 171,041 3 6 69,556 15 4
12 ,, ,, June 30, 1894 306,192 19 9 203,098 3 6 103,094 16 3

785,065 7 1 | 542,347 3 5 242,718 3 8

Balance and loss X50056 toilune30, 1894:-— m in A‘ _

Balance-sheet.
Liabilities. £ 8. d. Assets. £ 8.
To Capital account £230,000 By Property account 179,810 14 wo caic.oooco zmoca5
Less reserve shares 848 ,, Battery plant 65,850 0
,, Capital issued 229,152 0 0 ,, Other machinery and plant 41,994 16
,, Native wages due 3,700 0 0 ,, ,, ,, ,, 4,681 1
,, Sundry creditors 12,610 0 11 ,, Buildings 17,245 0
,, Advances against gold 7,302 10 6 ,, Cyanide works 20,784 9
,, Balance to profit and loss 116,596 8 10 ,, Reservoirs and dams 4,440 0
,, Permanent shaft-sinking 1,072 12
p-A
,, Gold in transit 18,612 2
,, Cash at mine 313 3
,, Quartz at grass (446 tons) 285 0
,, Sundry debtors . 3,426 14
g in v i ,, Stores on hand 10,845 4
"£369,361 _3 £369,§1 0"
Cost per ton. Profit and Loss Account for the Year ending June 30, 1894.
a. Dr. £ a. d.
8936 To Mining ex nses 70,299 6 4
3-576 ,, Mine deve opment 28,130 18 6
1500 ,, Hauling and pumping 11,796 3 l
0744 ,, Tramming 5,853 12 1
2506 ,, Milling 19,720 17 10
0-538 ,, Miscellaneous 4,231 12 5
0-502 ,, Salaries, including management, London and head ofiice 3,952 11 5
0218 ,, Licences and rents . 1,713 l 8
1211 ,, Depreciation and redemption 9,522 7 4

s._19'731 cost per ton on 157,336 tons ore crushed.

59% To Cyanide working expenses 44,232 5 6
0488 ,, Depreciation and redemption written off plant 3,645 2 4
8.6414 cost per ton on 149,271 tons treated.
Balance, being net profit for year 103,094 16 _ 3
‘ £306,192 19 9
Cr. £ 8. (I.
By Gold from mill : 64,447'17 ozs. at 72868. 234,784 1 0
,, Gold from tailings : 24,819'33 ozs. at 562313. 69,780 16 1
,, Concentrates sold . . 677 7 4
,, Rebate on coal transport 231 16 0
,, Sundry rents .. 718 19 4
‘Lassa 19 9
284 IVITWA TERSRAND MINES.

Profit and Loss Account No. 2, June 30, 1894.

Dr. £ 8. d. 01'. £ 8. d.
To Dividend No. 8, 20 per cent. 34,920 4 0 By Profit for 12 months . 103,094 16 3
,, ,, No.9, ,, 43,647 13 4 ,, Premium on shares 26,611 17 0
,, Balance to new account 116,596 8 10 ,, Balance, June 30, 1893 65,457 12 11

£195,164 6 2 £195,164 6 2
To balance brought forward to new account £116,596 8 10

Total Revenue Costs and Gross Profits from July 1, 1894, to June 30, 1895.

Month 1 Total revenue. ' Total costs. Gross profit.

| s s s:
July, 1894 . ; 26,743 16,510 10,233
August ,, . 4 26,025 15,835 10,190
September ,, 26,108 15,890 10,218
October ,, 26,906 16,406 10,500
November ,, 26,489 15,889 10,600
December ,, 26,451 16,067 10,384
January, 1895... 36,081 23,561 12,520
February ,, 37,780 24,280 13,500
March ,, 39,978 24,757 15,221
April ,, 42,216 24,545 17,671
May ,, 40,458 24,778 15,680
June ,, 42,275 24,775 17,500

Total for 12 months £397,510 £243,293 £154,217

DIVIDENDS PAID.— £ 8. d. £ 8. d
No. 1. June, 1891, 5 per cent. 8,681 17 0
,, 2. September ,, 5 ,, 8,681 17 0
,, 3. December ,, 5 ,, 8,681 17 0
26,045 11 0
,, 4. March, 1892,13 ,, 8,681 17 0
,, 5. August ,, 7.1, ,, 13,022 15 6
,, 6. November ,, 7b ,, . 13,322 15 6
34,727 8 0
,, 7. February, 1893, 7; ,, 13,457 12 11
,, 8. August ,, 20 ,, . 34,920 4 0
-~ 4 48,377 16 11
,, 9. February, 1894,20 ,, 43,647 13 4
,, 10. July ,, 20 ,, 43,647 13 4
——~ 87,295 6 8
,,11. December ,, 20 ,, 56,000 0 O
,, 12. June, 1895,25 ,, . 70,000 0 0
is" 126,000 0 0

Totals 147.5 per cent. £322,446 2 7

 WITWA TERSRAND MINES. 285
DETAILS or PRODUCTION.—

Total Gold Produced and Value.

Period. Gold produced. Value realised.

A oz. £ a. d.

6 months ending December, 1888 2,053 7,225 9 3

6 ,, ,, June 1889 8,200 8,034 5 1
6 ,, ,, December ,, 1,400 5,041 12 0
6 ,, ,, June 1890 6,365 29,276 5 6
6 ,, ,, December ,, 7,334 26,404 19 6
6 ,, ,, June 1891 9,508 34,303 2 2
12 ,, ,, ,, 1892 37,800 133,848 12 0
12 ,, ,, ,, 1893 71,409 240,597 18 10
12 ,, ,, ,, 1894 89,515 305,242 4 5
6 ,, ,, December ,, 43,974 149,442 0 0
6 ,, ,, June 1895 68,046 238,788 0 0

Total for 7 years 339,604 £1,171,204 8 9

Tonnage Crushed and Yield from Mill.

Tons crushed. Yield. i Yield per ton.

oz. dwt.
6 months ending December, 1888 \ 4,475 2,053 9'2
6 ,, ,, June 1889 ‘ 4,325 2,200 101
6 ,, ,, December ,, 2,771 1,400 10']
6 ,, ,, June 1890 12,269 6,365 103
6 ,, ,, December ,, 12,896 7,334 11
6 ,, ,, June 1891 18,841 9,508 10
12 ,, ,, ,, 1892 71,264 35,928 10
12 ,, ,, ,, 1893 119,484 49,953 8'3
12 ,, ,, ,, 1894 157,682 64,446 8'2
6 ,, ,, December ,, 74,700 33,717 9
6 ,, ,, June 1895 139,034 48,502 [ 6'97

Total for 7 years 617,741 261,406 f 8'46

Tonnage and Yield from Cyanide Works.

- _ —-* "Ileriod. —_ Tonnage treatedji l," v Yield. Yield per ton.

oz. dwt.—D A

2 months ending June, 1892... 6,500 1,872 5'7

2 ,, ,, ,, 1893. . . 95,000(about) 21,456 4'5
12 ,, ,, ,, 1894... 149,586 ‘ 25,069 3'4
6 ,, ,, December, 1894 55,960 10,257 3'7
6 ,, ,, June, 1895... 90,648 19,544 4'31
- i’ '_ '— k V |
Total (3 years 2 months) 397,694 , 88,198 4'43
 286 WITWA TERSRAA'D MINES.

Statistics of Monthly Operations

Mining 1nd

Mining. , Development. 81232112112‘? Tmmming- .6 5' ‘ Milling

1593-1. ——_ i. ,7 if i‘ ’ iv‘, __ ah _‘ _
e‘as n ‘i c as a con c c 05 a 1 cm. 55
"' T 1' 1.051
‘
“2:281 Cost. $511‘. ' 5% Cost. ‘:31: £8; Coat. , L21: ,Coat.
1 “15,23 1 Cost. ,

1.- a. 1 n1. 2 a. a, 4: a. 1 1: a. .e 1 c 1 a.
July 12,500 5,781 92551 1,075 3,016 4'874 56'674 1,323 2'117, 177 ‘284 16531 12,500 1,552,2431
August 5,??? 9-395, 925 3,025 4-919 65-405 1,173 1908, 100 10523 12,500 1,540‘2-501
September .. 11,800 5,154 8736’ 777 2,820 4-779 72-586 1,165 1-9771242 ~411 15005111500 1,450,215
October -, 12,614 6,643 10'534‘ 480 1,691 2687 70593 1,261 2032‘ 262 ‘416 15'6691 12,2141 1,70612'79-1
November .5" 13,768 4,821 7003; 1,139 3,117 4'530 54'748 897 1'2971 247 ‘359 131891 13,118 1,719‘2'622
December ...; 13,602 6,235 9168 663 2,120 3'117 63'951 785 1'155‘ 567 '811)‘ 142401 14,532‘ 1,75‘212'412
January 13,541 5,370 7-952, 752 1,775 2628 48-519 775 1145 570 545 12-5431 13,861 15692515
Februarym 12,533 5,315 84831 931 1,562 2'493 33'560 693 1'106 767 '224 13'306 12,523 1,458 2127
Marph 14,950 6,555 8-7701 964 2,115 2'881 43-884 746 5991881 1-180 137861117801 1,64332-225
Aprll - 13,525 6,224 9204 934 1,926 2848 41250 643 '9511618 '914 13917 13,8151 1,65812399
May 13,816 6,070 8'7871 R20 2,000 2895 48'785 801 1'160 664 ‘962 13804, 13,6311 1,65312‘4‘20
*June - 12,743 6,487 10'181 924 3,148 4'941 68'144 694 10901 605 '951 17163, 12,662‘, 1,86612'947
7 ,_ 1 1 1 1
Totals & averages,157,68‘2 70,439 8935 ‘10,364
1 28,351 3596 54'711 10,961 13905591
, '734;‘ 14'6551157,'2361,19,7'a3,2'512
. 1 1 1 l

* The heavy expenditure this month

Working Coats, Mine and Mill (per ton crushed).

1 _ 1 4 ' , i , if ,
, . . H2113“ Tmm- 1 . . 5863,11
Penod. Mlmng. pump ming. General.,M1111ng. deprecia_ Total.
ing. 1 tion.

a. a. a. s. 1 a. a. s. d.
Half-year ending June 30, 1890 12'9 2'2 1'2 2'8 ' 5'6 6 31'5
,, ,, December 31 ,, 14-0 2-3 1 1-7 1 50 1'6 271
,, ,, June 30, 1891 — —— — — ‘ —— — 27'5
Year ending June 30, 1892 7'8 1'8 0'9 0'7 6 6 21'8
,, ,, ,, 1893 9'8 2'3 0'5 0'7 4'4 4'4 21
,, ,, 1894 8'9 1'3 0'7 1'1 4'7 4'7 192
July, 1894 — — — — — — 20 10
August ,, -_ _ _ __ __ _ 23
September 5 —— — — — -~ - 20 10
October ,, _ _ ... _ __ _ 19 9
November ,, — - -— — — -— 19 11
December ,, -— — — — — — 21 2
January, 1895 _ _ _ __ _ _ 19 5
February ,, _ _ _ ._ _ __ 19 9
March 5 — —~ — ‘ — — — 17 3
April 71 '_ — '- — ~— — 17 2
May ,, — — — — ~— —— 1'7 5
June ,, — — —~ -— — 1 — 1'7 10
 WI 7‘ WA TERSRA ND MINES. 287

July 1, 1893, to June 30, 1894.

Milling. Cyanide Works.

— ,Tctalminingand 7 l i ‘ , if 7*’ 7 {—

Mlocellaneous. milling Revenue. To“ , Expenditure. Revenue.

expenditure. mm, 7
i C T111138. Cost.
Cog; oat G Yield v 1
cm. per
ton.
Cost. per
""1-
"°"
flow’
per
W11-
‘ ‘‘° ° ,
yield‘
Value of
yield
Per ton.
In
concen- —
Exclu-
trltel. sivelof
Coil-
per
ton.
m“
field‘
Yleld Value Value of
of ‘old
'77:. yield. pcryllon.
royn ty
__ _ ._ 1
2 |. d. d, 2 d. on. d7". 8 I. d. l 11 I d. l m. dwt. 2
2 a
659 4 0 1054 12,543 20'568 5,114'7 8'18 18,715 1 9 11'32 13,111) 3,436 5246‘ 2,407'90 3'67 6,597 9
541 11 10 881 12,244 20408 4,516'1 7‘ 16,518 1 6 1030 15,8[n 3,444 4'360‘ 2,493'20, 3'15 6,977 8 998
799 12 6 1'21131 11,522 20981 5,018'1 8'50 18.891 1 11 2% 16,859 3,665 4‘222 2,503'68 9'05 6,974 8 6'37
988 18 9 1'568 12,577 18'531 5,38971 8'74 19,692 1 12 1'17 16,863 3,644 4'451l 2,426'88 2'96 7,181 8 9'82
1,201 1 O 1831! 12,(X)5 17‘642 5,358‘7 8'18 19,626 1 9 11m 14,816§ 3,479 4'860', 2,417‘65 8'67 6,898 9 7'66
729 12 8 1004 12,190 17'656 5,865'45 7'68 19,644 1 7 0'42 10,7211 2,899 5240} 1,758'19 3'27 4,706 8 9'81
661 10 3 ‘979‘ 10,923 16170 5,855'83 8'76 21,417 1 12 0'70 11,48) 3,51) 6'133‘ 2,145'52 3'73 5,504 9 7'06
696 8 3 1'1191 10,498 16746 5,813‘2' 926 21,178 1 18 9'17 10,570 2,568 4‘869 2,145'72, 406 5,726 1010'01
572 4 5 "766 12,518 16'775 5,913‘ 8'00 21,5721 9 2'28 11,270 8,072 5'451 1,196'60 2'12 3,308 51033
668 4 9 ‘$88 11,738 17‘304 5,297'7 7'66 18.909 1 7 4'49 10,150 2,879 5'678 1,499'00 2'95 4.249 8 4'46

67819
548 4 g 1065
‘796 19,481,
11,797 21175 5,290 9-90
17‘020 5,603'43 8'22 18,936
20,157: 9 1091 8,965 9,242
6'“) 10,500 2,876 7-292
5’478 1,982'26
2,101'11] 4-42 5,440 12
4'“) 6,161 191
11 8'82

8,655 7 51100149950I 18267 64,446 8197 234,6651 9 1185 149,586 +3853?! 5165 25,039'5433'351 69,656 9 8'70

is due to air-drills working.

Monthly returns of Cyanide Works since June 30, 1894.

Month. , Tons treated. Total yield. \ Yield per ton. Cost per ton.

l oz. dwt. a. d.
July, 1894 9,380 1,710 3'64 6 11
August ,, ‘ 9,060 1, 1,703 3'75 6 8
September ,, 9,250 1 1,690 3'65 6 9
October ,, 9,730 , 1,712 3'51 6 7
November ,, ... . .. 8,740 ‘ 1,772 405 6 6
December ,, 8,721 I 1,770 497 c 8
January, 1895 I 14,174 , 2,816 3'97 4 9
February ,, 1 12,785 I 2,900 , 4'53 5 7
March ,, .. 14,877 3,207 ‘ 4'31 5 4
April ,, .. 16,736 f 3,685 4'40 4 1
Ma)’ 17 .. . ' 16,711 3,338 3'99 3 10
June ,, , 15,365 , 3,598 4'69 4 3

Total l 145,529 , 29,901 4-19 5 4-6

The Company milled ori inally with 30 stamps, until in 1892 they erected a new 100-stamp mill
and discarded the old mill. n 1894, 60 new stamps were added to the mill, and the whole of the 160
stamps have been kept running ever since the beginning of 1895. In 1891 20 stamps were hired,
so that for the time being milling could be carried on with 50 stamps. Cyanide works, of 15,000
tons capacity per month, were erected in 1892, while in 1893 a secon plant was completed and has
been operating ever since, the total capacity being about 17,000 tons. The working expenses have
been gradually reduced until they reached the record figures of 17s. 2d. per ton in A ril, 1895,
thereby also creating the record profit for the month of £17,671, or 78 per cent. on t e present
nominnl capital of £280,000. As soon as the stamping power has been increased to 200 stain
further reduction in expenses is expected, and a gross profit of £20,000 per month is practical y
assured. When the stamping power is equal to 200 stamps, it is the intention to crush the low
grade ore at once. As this costs less to mine it should not produce any falling off in the monthly
288 WITWA TERSRAND MINES.

profits. The average yield can be taken at 8 dwt. from the plates, and 4} dwt. from cyanide,
making the total return rather more than 12 dwt.
Rlasuurs FOR. 'rnE YEAR ENDING JUNE 30, 1895—The following thiee extracts are taken from
the directors’ report for 1894—5 :—
Acc<runts.—During the year the profit on milling and cyanide amounted to £141,184 178. 8d.
an increase over last year of £24,922 118. 7d. From the sale of 32,000 shares a premium was
obtained of £84,771. Depreciation of machinery, etc., £27,381 78. ; dividend No. 10, £45,830 48. ;
dividend No. 11, £55,580 43. ; expended on capital account as per accounts, £83,825 168. 611.; main
shaft, £2,750 18s. 10d. ; excess development, £30,775 13s. 10d.
Ore Reserves—Certificate from Mr. Pezzighelli, Government surveyor, is attached, showing
that we have 244,000 tons in sight. The amount standing to debit for this tonnage is shaft account,
£2,750 188. 10d., and excess development, £30,775 13s. 10d.—less than 33. per ton.
Capital Expenditure—Upon this a large amount has been expended during the year. Com
pleting the additional 60 stamps, £32,048; mine buildings, £11,644; additional cyanide works,
£10,757; rock drill plant, £5,573 ; and other items.
DESCRIPTION or 'rna PROPERTY.—The property of the New Primrose Company is situated on
the farm Elandsfontein No. 1, about 8 miles to the east of Johannesburg. The claims lie on the
outcrop and dip of the Main Reef series, between the mynpacht held by the Simmer and Jack
Company and the claims of the May Consolidated. The property was gradually obtained in the fol
lowing way. In 1887, 12 claims on the outcrop, together with the first row of dip claims were bought,
making in all 24 claims, giving 1,800 ft. on the strike of the reef and not quite 800 ft. on the dip.
In 1891, the 27 claims of the South Primrose were added. These adjoin the old block to the south,
and made the total dip about 1,600 ft. In 1893 40 claims of the Moss Rose Extension were
acquired, and almost at the same time the 27 Main Reef claims of the Moss Rose Company. The
former 40 claims lie to the north of the reef and are valuable therefore only for surface accommoda
tion, while the latter 27 claims again added to the mining area on both outcrop and dip. Finally,
in 1894, the 25 claims of the May Deep Level were acquired, adding again to the dip area
of the Company’s property. The whole property is now 230 acres in extent, and in addition
71 acres are held as water-rights. The total number of claims is about 165, while the actual mining
area contains about 102 claims. The latter present an irregular shaped block which is in the
following sections: (1) 2,000 ft. on strike of outcrop with 1,500 ft. dip. (2) 1,300 ft. on strike of
outcrop with 1,200 ft. dip. (3) 1,800 ft. on strike of outcrop, about 350 ft. south of the outcrop, and
having a width of dip of about 800 ft. The actual outcrop held is, therefore, 3,300 ft. long, and
the average width of these sections is 1,400 ft.; area, about 77 claims. Adding the May Deep
Level section, the total length on the strike is brought up to 5,000 ft., and the total area to about
102 claims, lying south of the outcrop and carrying reef. Of the water-rights about 50 acres lie
on the south of the reef, and these must also be considered as a valuable asset. A small area,
about 5 claims in extent, is held as machine stands. It is unnecessary to consider the large extent
of ground lying north of the Main Reef, though it is valuable for surface purposes. (For plan, see
Volume III.)
Water-Rights : Various rights have been acquired with the claims included from time to time,
and about 5,000 ft. of the stream is now held. A large dam, provided with sluices and pipes, has
been built on the lower portion of the water-right. It is sufficient for any number of stamps.
MINING INTELLIGENCE—Reefs: These are three in number, known as the North Reef, the
Middle Reef, and the Main Reef, the latter being the most southerly of the three. Some leaders
called the South Reefs also exist. The Main Reef was not worked in the upper levels by the early
management, but sections of it have since been developed. The reefs are about 20 or 30 ft. apart,
and the average thickness may be given at 3 ft. each, or about 10 ft. in all, averaging the stopes
through the mine, but considerable variations occur in the size of each bed. The dip in the western
portion of the property is rather flat, being not more than 30° near the surface, and becomes flatter
in depth, varying between 20 and 28°. Towards the centre of the ground the dip increases greatly,
and near the surface is nearly 50°, afterwards flattening to 40°. This dip is maintained through
the May Deep ground.
Development : The mine is developed by three shafts, one situated on the old Primrose Mine,
in the western section ; a second near the centre, known as the Moss Rose shaft ; and a third in the
May Deep block. The first is a vertical circular shaft, cutting the reefs at the 6th level, and from
that point continuing as an incline shaft. It is known as the Milne or Primrose shaft. The
manager has made preparations to open up the 11th level in this shaft, and driving has begun on
the 10th. The levels are, on an average, 100 ft. apart, but the distances between them below the
8th level will vary with the dip from 120 to 180 ft. The Moss Rose shaft, which is vertical,
is connected with the Primrose, its 5th level corresponding with the 9th level in the Primrose
shaft. Since the recent acquisition of the May Deep claims, the shaft used by the defunct Company
has been put into shape, and driving has begun, to connect with the Moss Rose shaft. Its depth is
 W1 TWA TERSRA ND MINES. 289

500 ft. From these shafts all future development will be done. They have been lately fitted with
new head-gears, crushers, ore bins, washing floors, and pumps, powerful enough to exhaust the
entire property. They are connected with the mill by a tram line, worked by an endless cable. In
June, 1895, the Primrose shaft was down to a depth of 890 ft. or below the 10th level. In the Moss
Rose section, the shaft of which is down to the 5th level, there are big faults in the 2nd and 5th
levels, the North and Main Reefs being thrown out 40ft. In the 4th level, in the Primrose proper,
the two dykes cut each other. In the May Deep the North Reef only is being worked. The Main
Reef is not payable.
Ore Reserves: At the end of June, 1894, the tonnage in reserve was given as 71,200 tons.
The greater portion of this tonnage was blocked out above the 9th level, between the two western
shafts. The 9th level, then under development, was estimated to contain 280,000 tons. The May
Deep development is not included in this estimate. Since June the monthly returns to November
show that 83,585 tons had been developed in excess of those crushed, and the amount of reserve
ore then equalled 154,780 tons. The 9th and 10th levels are now under development in the western
half of the property. These estimates do not include ore which may be found on the South Reefs,
as well as the western portion of the Main Reef, both of which are expected to return varying
quantities of payable ore. The number of drills employed on development is 21, and these are able
to develop from 20,000 to 40,000 tons a month. If necessary a larger number of drills can be
employed. In May, 1895, the ore reserves had increased to 240,000 tons, or fully 10 months ahead
of mill requirements at the present rate of crushing.
EQUIPMENT. -— The battery plant consists of 160 heavy stamps with automatic feeders,
driven by a compound condensing engine 17x29x36 in., with r0 gearing; one 18x36 in.
8 re engine ; 16 h.p. electric light engine, three Elwell & Par er dynamos, and complete
e ectric light installation throughout the property; seven Babcock & Wilcox boilers and
economiser; complete assaying plant and fittings, and carpenters’ shop with machine tools; also a
number of pumps and all other machinery required in a battery. The mine plant includes 26,000 ft.
of tram line, with about 200 trucks and complete mechanical haulage ; an air compressor plant of
20-drill capacity; an engine, and shops containing smiths’ and fitters’ machine tools; also skips,
pumps, etc. The hauling and pumping plant includes 2 engines of 16 h.p., and 1 of 20 h.p.
for pumping; 4 winding engines, onebeing a direct-acting 16x 30 in. engine; 4 Cornish pumps
with force and draw lifts, the largest being 10 in.; 6 other pumps; 4 head~gears with ore bins,
crushers, etc. ; a travelling sorting-belt, and other conveniences. The cyanide plant consists of 30
wood vats for treatment, and 15 settling vats, a tailings wheel, worksho s, solution vats, and large
well-arranged buildings for the extractor boxes, assay and other 0 ces; two 16 h.p. engines,
electric light and other plant. Besides the manager’s house and five other cottages, there are 125
rooms in the cottages and quarters on the property, not including the numerous machinery build
ings, and workshops. There is also a compound to house 3,000 natives, with a separate hospital.
The spare plant includes a 20-stamp Hornsby mill, and a 45 h.p. Marshall engine. The May Deep
property is a fully equipped mine, and all its plant must be added to the list given, the principal
machinery being a 30-stamp mill in working order, and a 20-drill compressor plant.
Duty of Mill: The number of tons crushed per stamp per day, in 1890, was 23 tons with
900 mesh screening, this being considered then a very good result. In 1891 the total increased to
tons, and in 1892 to 3& tons. In 1894 the daily crushing was 41; tons, and in 189;’) the record
figure of 522 tons with 700 mesh screening was reached.
GENERAL REMARKS. — From the returns it will be seen that up to June 30, 1895,
617,741 tons of ore have been crushed (that is in about 7 years), yielding in all 349,604 02.,
of the value of £1,171,204, or equal to very nearly 388. per ton. The profits earned up to the end
of June, 1895, amount to £396,935, out of which dividends to the amount of £252,446 have been
paid, thus showing that an amount of £144,489 of the profits has been appropriated for capital
expenditure. The total capital supplied by shares being £182,927 the total amount invested in
the property in cash is therefore £327,416. Up to June, 1891, the profits made were small, and
only one dividend of 5 per cent. had been declared. In the year ending Jone, 1892, the percentage
of net profit to gross income was 405 per cent. In 1893 it was 29 per cent. and in 1894, 34 per
cent. For the 12 months ended June 30, 1895, the gross profit amounts to 38 per cent. on the
total revenue. The actual percentage is much larger, however, for the reason that the expenditure
on permanent works is not kept under a separate account. Taking the fact into consideration
that all ex nditure on plant has now ceased for some time to come, it will be safe to say that most
of the pro ts will be available for distribution. On the basis of the ISO-stamp mill returns, a
monthly average of 24,000 tons of ore crushed should be taken as a basis for calculating future
prospects and the life of the mine. This would mean 288,000 tons per year, and the yield being
taken at 8 dwt. from the plates, and about 4 dwt. from the tailings, the total revenue would amount
to over half a million sterling per year.

VOL. I. U
 290 IVITWA TERSRA ND JIINES.

NEW RAND GOLD MINES, LIMITED.

Formed in December, 1894.
CAPITAL—£150,000 in £1 shares ; 119,857 shares issued, 57,990 being fully paid up, and 61,867
having 10.9. per share paid up.
Directors.
SAMUEL GREEN (Chairman), J. A. BRADSHAW, LOUIS CAMPBELL-JOHNSTON, GEORGE B. Canon,
RICHARD HOFFMANN, GEORGE J. Lmun, and F. C. POISSON.
Secretary and Oflice.
ERNEST BERGHOLT, Bartholomew House, Bartholomew Lane, E.C.
CAPITAL—The vendors (the Citizen Gold Mining Company and Mr. J. R. Macnaught) received
£80,000 (£57,990 in shares, and £22,010 in cash) for the property. The working capital provided
by the shares at present issued (when fully paid up) is £39,857. ~
AcoouN'l's.—None yet issued.
PROPERTY.—109 claims on the farm Klein Paardekraal, Witwatersrand, about 8 miles west of
Johannesburg. The length on the strike of the reef is 5,000 ft., the width of the block being about
1,200 ft. The Bird (or Chimes) series of reefs run from end to end of the property, the outcrop being
near the northern boundary. The property is also a deep level in regard to the Main Reef series,
which outcrops 2,500 ft. away from the northern boundary of the property at its eastern end, and
3,500 ft. away at its western end. There is a good water-right and a mill site at a short distance
south. (For plan, see Volume III.)
MINING INTELLIGENCE—Th0 Citizen Gold Mining Company did very little development work
beyond sinking nine vertical and incline shafts to shallow depths. The ore opened up is estimated
at 12,000 tons. Four of the shafts (300 ft. apart) are sunk to a depth of 90 ft. Shaft No. 9 has a
drive 30 ft. east and 30 ft. west. No. 8 has a drive 70 ft. east and 70 ft. west. No. 2 has a cross
cut 120 ft., connecting with the vertical shaft. The vertical shaft is 13 by 75 ft., and sunk to a
depth of 56 ft.; this shaft is properly timbered 25 ft. down. No. 7, on the extreme west of the
property, is 90 ft. deep, and has a drive at a depth of 75 ft., 80 ft. running to the east, with a
double line of tram-rails. About 850 tons of ore have been crushed, yielding from 6 to 7 dwt. of
gold over the (new) plates. These results refer to the work of the Citizen Company, which spent
£15,000 in opening up the property. With regard to the prospects of the ground as a Main Reef
deep level area, it covers the dip of the Aurora, Aurora West United, and New Unified properties.
A shaft sunk at the northern boundary might be expected to reach the Main Reef series (which has
a dip of 33° to 36° in tho outcrop properties) at a depth of from 1,500 to 1,800 ft. The prospectus,
however, states that the Main Reef outcrop is only 1,500 ft. to the north, and that the reef series
probably enters the property at a depth of 800 to 900 ft. only.
. GENERAL REMARKS.-—The Company intends to devote its energies at first to the opening up of
the Bird Reef series. The reef is from 4 to 14 ft. thick, and a return of 8 to 10 dwt. per ton is
expected by the management. It is intended to utilize the dry crushing and direct cyanide
treatment. Boring with a view to locating the position of the Main Reef series in the property is
to be undertaken. -

NEW RIETFONTEIN ESTATE GOLD MINES, LIMITED.

Formed in January, 1892, and re-formed in July, 1892.
CAPITAL—£270,000 in £1 shares; all issued and fully paid up.
Directors.
E. H. DUNNING (Lilia-Governor), J. Tunnorn, S. B. JOEL, HUGH CRAWFORD, F. Lowm-zv (alternate
E. BIRKENRUTH), ROBERT G. FRICKER, and JULIUS FRIEDLKNDER (alternate A. FRIEDLKNDER).
London Committee.
ALBERT Hess, HAROLD SMART, and M. LILIENFELD.
Secretary and Head Oflice.
S. B. DOWLING, 27 and 28, Bettelheim Buildings, Johannesburg.
London Secretary and Oflice.
JOHN SEEAR, 16, George Street, St. Swithin’s Lane, E.C.
Berlin Agency.
Deutsche Trenhand Gesellschaft, 9,Behrenstrasse, Berlin W.
CAPITAL CHANGIE.—The Company was at first started on a small scale in the beginning of
1802, but was finally and strongly constituted in July, 1892, with a capital of £160,000, of which
 WIT WA TERSRA ND MINES. 29 I

125,000 fully paid up shares went in payment of the property to the old shareholders. The balance
of the shares, viz. 35,000, were taken up at 40s. by the Consolidated Goldfields of South Africa,
Limited, and Mr. A. Goerz, thus giving the Company a working capital of £70,000. On April 16,
1895, the capital was increased by creation of 60,000 new shares, bringing the total nominal capital
to £220,000. These new shares were taken up by the Johannesburg Consolidated Investment
Company at 608. per share, less 5 per cent. commission, giving the Company £171,000 fresh capital.
As a condition to this arrangement Messrs. J. Tudhope and S. B. Joel were appointed as directors
on the board of the Company. Mr. Adolph Goerz shortly afterwards resigned the position of
chairman. In July, 1895, the capital was further raised to £270,000; 30,000 of the new shares
going in payment for the 101 claims of the South Rietfontein Company, and 20,000 for the claims of
the New Rietfontein Deep Level Company.
ACCOUNTS AND FINANCE—Accounts are made up to June 30 annually.

Extracts from balance-sheet and profit and loss account at June 30, 1894.

Balance-sheet.

Liabilities. £ 8. d. Assets. £ 3. d.
To Capital— By Property account 125,475 9 6
160,000 shares of £1 each 160,000 0 0 I ,, Permanent works—
,, Sundry persons 4,134 13 6 1 £20,705 3 3
,, Balance :— Less depreci
Credit of profit and loss | ation 5,451 16 9
account 49,484 18 4 __ 15,253 6 o
' ,, Dams, reservoirs, etc.—
l saoso o 10
Less depreci
l ation 558 0 0
‘ ———~ 5,022 010
) ~
Tree-planting 1,645 6 0
,, Buildings £11,971 5 0
Less depreci
ation 1,207 2 6
10,764 2 6
,, Machinery and plant— -
1, £50,812 1 o
. Less depreci
! ation 10,162 8 3
l __- 40,649 13 s
l ,, Live-stock and carts 402 10 0
I ,, Furniture 156 17 0
| ,, Sundry debtors .. 6,039 14 1
I ,, Cash (including fixed deposit) 6,039 19 8
| ,, Stores 2,035 15 s
I ,, Natal bank 1 0 0
l ,, Discount paid in advance 133 17 3
£213,619 11 10 5 £213,619 11 10
IT _ ~ . . l - 1i- ~ _A

The financial position of the Company on June 30, 1894, was as follows :

Liabilities. £ a. d. Assets. £ a. d.
To Sundry creditors 4,134 3 6 By Cash at bankers and at mine 6,039 1‘ 8
,, Sundry debtors 6,039 14 1
,, Unclaimed dividend... 1 0 0
Balance of assets over liabilities 9,982 5 6 ,, Stores - ‘2,035 15 3
£14,116 9 0 £14,116 9 O
292 IVITWA TERSRAND MINES.

Profit and Loss Account for year to June 30, 1894.

Dr. £ 8. (I. Cr. £ a. d.

To Mining and hauling... 23,309 9 7 By Balance, June 30, 1893—
,, Milling and pumping 11,250 0 4 Undistributed profits 38,164 19 9
,, Maintenance 3,066 16 7 Premiums on shares sold... 35,000 0 0
,, Tramming 1,492 10 11 -—_
,, Redemption develo ment ac- 73,164 19 9
count 6,324 0 5 ,, Gold account—
,, Salaries 2,663 17 9 Returns for
,, Insurance 72 7 1 22,797 oz. 1 £ 8. d.
,, Concentrates 122 2 9 dwt. of gold=82,997 19
,, Charges 4,504 16 11 Less over-esti
,, Development 22,260 8 8 mated value
,, De reciation— of goldtoJune
uildings 1,207 2 6 30,1893 185 8 3
Machinery and plant 10,162 8 3 ——~_-—— 82,812 10 10
Permanent works... 6,009 16 9 ,, Concentrates... 1,415 10 9
Directors’ fees 2,100 O 0 Cyanide : Tailings treated
,, Dividend account— by African Gold Re
No. 2, 15 per cent 24,000 0 0 covery Company 9,136 4 6
Balance 49,484 18 4 ,, Interest and discount ac
count 50710 2
Licenses 804 0 10
Standrent... 190 0 0
£168,030 16 10 i £168,030 16 10

It will be observed that the large amount of £22,260 83. 8d. has been written ofi‘ under the
head “Development.” This has been done in consideration of 40,705 tons of ore which wenein sight
at June 30, 1893, having proved partly unpayable. The above was the whole amount standing
against development account. Besides this, 20 per cent. has been written of!‘ machinery, 10 per
cent. 011' buildings, and £6,009 16s. 9d. ofi' permanent works, making in all the considerable
amount of £39,639 168. 2d. At June 30, 1894, receipts and expenditure stood as follows :—

£ 8. d.
By Balance to credit of profit and loss account at June 30, 1893... 73,164 19 9
,, Gross receipts for year ended June 30, 1894 94,865 17 1

169,030 16 1o
Deduct Working expenditure... £52,683 19 7
,, Concentrates 122 2 9
,, Dividend No 2 (15 per cent)... 24,000 0 0
,, Directors’ fees to June 30, 1893 2,100 0 0 78,906 2 4

£89,124 14 6
Less depreciation account 39,639 16 2
___d-_

Balance brought forward to credit of current year's account £49,484 18 4

 WI T WA TERSRA .‘YD MIXES. 293

Statistics of monthly ll'orke'ng Erpenditurr and Revenue for flu’ your ending June 30, 1894.

Working expenditure.

‘ 'l‘ramming Total working ex

Momh. : £12157‘. 1 expenses. , Redemption‘ ‘ Mflimeuance' ' General charges. 1 penditure.

1Tonnage. Coot. Tonnage.‘ Coat."l‘onnage., Coot. Tonnage. Coot. 1Tonnnge.1 Coot. Tonnage. Cost. 1 Cost. 10051. per ton.
.. ._ dvv 1- _11 i_ 1, .1_ 1 .1 i ...____ i— A i i.
1803. 1 I I: ' g ‘ 1 2 I: ' 1 l.‘ 1 £ ‘ 8 8 I. d.
July 2.380 1 1,8841 2,380 1 127 2,380 391 2,380 1,301‘ 2,380 , 190 2,380 549 1 4,445 1 17 4'25
August...| 2,680 2,525 2,680 127 2,680 ‘ 441 2,680 1,140 2,680 1 227 2,680 1,071 5,58412 1 3'59
September 3.000 2,324.1 3,000 1 132 3,000 493 3,000 1,020, 3,000 308 3,00) 648 1 4,922 1 12 9'82
October... 2,890 2,479 2,890 | 153 2,890 475 2,890 1,028 2,890 374 ‘2,890 555 1 5,067 1 15 086
November 2,200 1,738‘ 2,200 1 84 2,200 362 2,200 809 2,200 228 2,200 731 1 8,955 1 15 1146
December 2,142 1,659 2,142 116 2,142 ‘ 535 2,142 ' 813‘ 2,142 358 2,142 465 1 3,948 1 16 10'41
1894. 1 ’ ' 1
January 2,433 1,738 2,433 115 2,433 ‘ 608 2,433 9441 2,433 389 2,433 557 1 4,353 1 15 9'44
February - 2,050 1,4741 2,050‘ 126 2,050 512 2,050 757 2,050 224 2,050 433 3,530 1 14 5'33
March 2,298 1,628, 2,298 1 113 2,298 ‘ 574 2,298 768, 2,298 182 2,298 504 1 3,772 1 12 9'52
April ..., 2,306 ‘ 1,737, 2,306 125 2,306 576 2,306 783 2,306 174 2,306 453 3,852 1 18 4'92
May 2,700 1,922 2,700 121 2,700 1 675 2,7(1) 934‘ 2,70) 163 1 2,700 523 ‘ 4,341 1 12 1'51
June 2,710 2,1941 2,710 147 2,7101 677 2,710 946. 2,710 243 1 2,710 750 , 4,960 1 16 7'29
_, ,,1_ _' A __ .1 ,1 , 1_. _ _,_ ___ ____ _ _
Total 129,789 ‘23,309 29,789 1,492 29,789 6,324 29,789 111,250‘29,789 3,066 129,789 7,241 152,683 1 15 4'45

*4 ‘I Revenge. v
‘ Concentrates. 1i 4 _ 0,1 unirlc. 1

1 1 W ,4 1.11- _ ‘ ____
Montb- ‘c.
, Y'll'Vl
pol-81.611. 20:134.),1v: L'hl ,Tunn-sa'
“32:10:16 , '1' nnge.
,-lm 11:11:50 _ ‘1'11
:13: M25119 Prom Loss
1 1 tents. coeds. ,Treated. Heated‘ value. ceeds
M- “1 ,‘4_ fi 1 . i i iiril- ‘ii/5 _— — _____-_ _1‘

1893 1 oz. dwt. 2 ‘.e I. a. ‘w... 15. 51. dwt. .e 1 dwi- zr. 1 oz. 2 2 1 2 a:
July 3,095 26010 11,381 4 15 7718, — — —- 1 3,815 185 7 22 1,08611,32112,702, 8,257 —
August...‘ 3,394125'329 12,588 4 13 7625, — —— — 3,255 7451 7 1 73411,167113,756 8,221 -—
September‘ 2,366 15'775 8,765 2 18 32051 171,8571 59 3 122, 9,300 700 6 7'2 557' 1,011 9,899 4,976 ——
October... 2055 14228 7,641 2 1210595 32 6791 76 16 132 3,176 824: 5 14'24, 845 8,619 3,551 -
November 2,152 195% 7,776 3 10 8'34 16 189 35 1 43 2,937 1,0631 7 14'931 504‘ 1,269 9,089 5,133 -—
Deigglber 1,991118-596 7,216 5 7 4-555 — — — 1,826 — ,10 5'72’ 8741 8751 8,091 4.142 —
. 1
January 1,94616'001 7,1102 18 5'449 211,066 61 1 112 1,972 -— 8 7'52‘ 8401 739 7,962 3,609 -
February 1,516114'790 5,399 2 12 8'181 18 6321 71 18 175 1,392 — 7 5'53, 433' 358 5,9341 2,4(131 —
Munch 1,591‘13'3‘28 5,445 2 7 47791 17 42- 9O 19 256, 2,090 -— 6 1751; 78:1 597 6,3(0‘ 2,528 -—
April ..‘ 9(2) 7834 3,221 1 810322 17 3401 88 12 233 2,014 —- 4 3'62 £71, 1241 3,579 — 1 272
May 884 6551 3,090 1 2106661 1'2 83 46 14 110, 2,204 — 3 1377 1 411‘ 183 3,384 -- 956
June 959, 7081 3,360 1 4 95611 14 546, 49 13 105, 2,356 — 3 7'5 379 271 3,492, — 1,467

Total 22,797115'305 82,997? 15 8'(386?1661,434‘580 0 129330337 3,5171 5 3'75:7,821,8,521;92,812,42,825 2,696

Recapitulalion. £ 8. (7.
Profit on working expenses ... 40,128 19 2
Less overestimated value of gold in transit at June 30, 1593 185 8 3

39,943 10 11
Plus underestimated value of tailings at June 30, 1893 614 1'2 10
,, Interest and discount account 507 10 2
Licenses and stand rents 994 0 10

Profit for year ending June 80, 1894... £42,059 14 9

294 WITWA TERSRA ND MIXES.

Summary.
Expenditure. £ .9. (1. Revenue. £ 8. (I.
Miningexpenses ...per ton 015 7796 Gold account (including concen
Tramming ,, 0 1 0025 tratesandtailings) per ten 3 2 3'762
Reduction ., O 7 6638
Maintenance ,, 0 2 0708
General charges (including ,,
salaries) ,, 0 4 10339
1 11 1'506
Mine redemption account ,, 0 4 2951

1 15 4'45’?
Profitperton 1 611305

£3 2 3'7» £§2 8762

Revenue and Profit since formation of the Company.

£ a. 6!. £ a. (1.
First year ended June 30, 1893 Revenue 86,914 10 5 Profit 54,164 19 9
Second year ended June 30, 1894 ,, 94,865 17 1 ,, 42,059 14 9

Total £181,780 7 6 £96,224 14 6

Less dividends paid :
1893, dividend No. 1, 10 per cent. £16,000 0 0
1894, ,, No. 2, 15 ,, 24,000 0 0 £40,000 0 U

Total of dividends: 25 per cent. £40,000 0 0 £56,224 0 0

Written off for development £22,260 8 8

. ,, ,, depreciation 17,379 7 6 I
Directors’ fees 2,100 0 0 ' 41,739 16 2

Balance of profit undistributed at June 30, 1894 £14,484 18 4

Revenue, profit and loss made since:
July, 1894 ... Revenue 4,396 4 3 Profit 529 13 1
August, 1894 Deficit, £797 4 9 ,, 3,010 3 7
September, 1894 ,, 493 10 7 ,, 3,388 16 6
October, 1894 ,, 6,366 1 11 ,, 1,469 19 10
November, 1894 ,, 7,022 9 8 ,, 2,358 6 7
December, 1894 ,, 7,162 10 6 ,, 1,828 10 10
January, 1895 ,, 6,175 15 5 ,, 629 17 6
February, 1895 ,, 6,133 2 8 ,, 924 19 0
March, 1895 ,, 7,165 0 10 ,, 1,173 2 1

Deficit £1,290 15 4 ,, £232,600 12 10 ,, £23,399 7 3

Less deficit 1,290 15 4

Balance of profit available at March 31, 1895 £22,108 1 1 11

Total revenue up to March 31, 1895 £232,600 12 10

Other sources of Income: The Company owning an estate, an income is derived from claims,
licenses and stand rents. This and interest received on fixed deposits are included in the above
revenue, and the amounts are the following :
 W'ITWA TERSRAND MINES. 295

£ 8. d.
For the year ended June 30, 1893, Licenses and rents 1,208 16 6
,, ,, ,, ,, Interest and discount 1,774 7 1
,, ,, June 30, 1894, Licenses and rents 994 0 10
,, ,, ,, ,, Interest and discount 507 10 2
For the month of July, 1894, ,, ,, ,, 12 17 10
,, ,, ,, ,, Licenses and rents 124 13 9
11 n Auguste 11 n n 11 75 4 2
,, ,, ,, ,, Interest and discount 5 11 4
,,, ,, September ,, i ,, ,, ,, 10 11. 4
,, ,, ,, ,, Licenses and rents 74 10 7
,, ,, October, ,, ,, ,, ,, 120 6 11
,, ,, ,, ,, Interest and discount 13 2 10
,, ,, November, ,, ,, ,, ,, 6 12 S
,, ,, ,, ,, Licenses and rents 62 11 3
,, ,, December, ,, ,, ,, ,, 130 7 6
,, ,, January, 1895, ,, ,, ,, 172 11 10
,, ,, February, ,, ,, ,, ,, 95 11 3
,, ,, March, ,, ,, ,, ,, 115 0 0
Total £5,504 13 ll
Recapitulalion. V a 7 a‘

£ 8. d.
Total revenue from all sources as at March 31, 1895 232,600 12 10
Less revenue from sundry sources .. 5,504 13 11
Total revenue from mining proper as at March 31, 1895 £227,005— 11

DIVIDENDS.—10 per cent. (£16,000) in January, 1893, and 15 per cent. (£24,000) in July, 1893.
None since.
DErAIIs 0F PRODUc'r10N.—The property was originally owned by the Dupreez Gold Mining
Company, which was declared insolvent and was liquidated. That Company produced 2,948 02s.,
with a 20-stamp mill, the yield varying from 4!; to 16} dwt. per ton. 30 stamps were added by
the new Company. 50 stamps were subsequently set to work, but could not be kept regularly
supplied owing to the frequent faults and disturbances in the mine interfering greatly with the
regular output of ore. The average of stamps running during the year ended June 30, 1894, was
3375, and since then up to March, 1895, increased to 3444, having 40 stamps at work during
February and March. For the treatment of tailings a contract was entered into with the African
Gold Recovery Company, which Company erected a plant capable of treating 4,000 tons per month ;
the arrangement being: A charge of 7s. per ton treated to be first deducted from the proceeds,
and the balance divided in equal parts between the two Companies. The agreement was made
for a quantity of 100,000 tons, of which up to end of March, 1895, 58,701 tons were treated.

Production from Mill.

Period. Tons crushed. Total yield. l Yield per ton.

oz. dwt.
Year ended June 30, 1893 16,272 21547-90 26-23
,, ,, 1894 29,789 2279705 15505
July, 1894 2,040 I 1089-30 10-67
August ,, . 2,280 783-05 6-86
September ,, 2,160 790-10 l 736
October ,, 2,460 1630-25 1325
November ,, 2,500 1651-30 1 13-21
December ,, 2,600 1711-40 13-16
January, 1895 2,610 1488-10 11403
February ,, , 2,750 ; 1508-75 1097
March ,, . 2,950 1747-10 11-88
Totals 68,411 56,544.50 | 16-53
296 IVITWA TERSRAND MINES.

The increase in the yield since October was caused by working one of the rich chutes which
occur from time to time in the mine. The percentage of ore sorted out from the rock sent to the
mill amounts to about 22 per cent.
Produclion from Cyanide Works and Concentrates Sold .'—
r 'a Tom I r m1 ' 1a filmy Sh f m Om imi
crio . treated. ' o y 1 e . \ammpe
' ue r are 0 p r0 . concern
soupin es

tons. l oz. 1 dwt. £ a. (1. £ a. 1].

Year ended June 30, 1893 7,844 2,515'80 6'41 2,278 5 11 2,756 18 7
,, ,, ,, 1894... 30,337 7,821'70 5156 8,521 11 8 1,293 8 0
July, 1894 1,710 457-40 519 289 15 8 156 6 0
August ,, 1,824 397'20 4'12 188 14 7 1
September ,, 1,862 337-05 407 182 15 7 249 13 5
October ,, 2,166 424-70 4'84 322 19 1
November ,, 2,318 6163:"; 5'87 544 3 6 423 2 11
December ,, 2,622 66240 514 4 1 271 6 9
January, 1895 2,394 530-7O 4'75 348 16 1 222 16 3
February ,, 2,812 459'70 4'40 347 6 5 183 6 3
March ,, 2,812 685'40 4'54 386 3 4 286 18 6

Total 58,701 14,908'40 I 13,924 15 11 5,843 16 8

Comparative Statement showing Value, Cost and Profit per ton :—

' Total value per , D fi _

mad. tggnlcgglgflgg cost. pa ton. profit I... a... P; 5;;
and tailings. ‘

£ a. :1. £ .9. cl. f. s d. s (I

Year ended June 30, 1893 I 5 3 1925 1 17 11001 I 3 5 2924
,, ,, ,, 1894... | 3 2 3762 1 15 4'457 3 2 3762
July, 1894 .. . | 2 1 9'01 1 17 10889 0 3 10121
August 11 I 1 5 8'36 1 17 9'41 12 105
September ,, i 1 10 5'93 1 15 11'732 , 5 5412
October ,, 2 10 8'05 1 19 9'668 i 0 10 10382
November ,, 2 15 7-51 1 17 3-758 5 O 18 3752
December ,, 2 14 1-12 2 1 0-367 ,1 0 13 0753
January, 1895 2 6 000 2 2 5968 5 0 3 6'032
February ,, I 2 3 10-91 1 17 10-53 1 (J 6 038
March ,, 2 7 9'52 2 O 7479 0 7 2'041

The working expenses vary notably, owing to the frequency of breaks and faults, which at
times caused great inconvenience, necessitating a considerable amount of additional work in
.stoping. Owing to this, and the somewhat patchy nature of the lodes, quantities of poor ore have
to be got through at times, as during the months of August and September, 1894, when the ore was
very broken up in the lode, sorting was diflicult, and the yield consequently was as low as 6'86
and 736 dwt. over the plates. Since then the yield has been maintained, the rich chutes being
found to continue in the lower levels, and more ore of even value being available than was at first
anticipated.
DESCRIPTION or THE PROPERTY.—The property, which was formerly owned by the Dupreez Gold
Mining Company, Limited, and was acquired from the bondholders, consists of a portion of the farm
Rietfontein, situated about 10 miles to the north-east of Johannesburg, on a series of reefs 3 miles to
the north of the Main Reef, and called the Dupreez Reef. The property comprises 1,981 moi-gen, or
about 4,000 acres, which includes a mynpacht of 400 acres, equal to about 300 mining claims. The
lateral extent of the mining area on the strike of the reefs is about 11,000 ft., the available dip on
the reefs varying from 1,000 to 1,800 ft. The reefs have been proved at various places for a distance
of 8,000 ft. There are two homesteads on the farm, and a fair income is derived from claim-licenses.
A portion of the property extending from the cyanide works to the western boundary of the farm
and down to the old homestead has been laid out as a plantation, and about 100,000 trees have been
planted. In July, 1895, the Company added to its property by purchasing the 101 claims of the
 WITWA TERSRAND MINES. 297

South Rietfontein Company, and the 164 claims of the New Rietfontein Deep Level Gold Mining
Company, a total of 265 new claims. These adjoin the mynpacht on the south, and form a solid
deep level block except for the 84 claims of the Rietfontein Deep Company, which adjoin the southern
boundary of the mynpacht at its eastern end. (For plan, see Volume III.)
MINING INTELLIGENCE—Reefs .' The reefs being marked are two thin banket leaders. They
are known as the Middle Reef and Middle Reef Leader. About 50 ft. north of the Middle Reef is a
narrow reef known as the North Reef, which has hitherto not proved payable. About 240 to 250
ft. south of the Middle Reef is a large body of reef, called the Stable Reef, which is of low grade.
Width of Reefs : The Middle Reef averages 6 in., and the Main Reef Leader averages 2 in.
The stopes are taken as about 4 ft.
Angle of Reefs : About 35° from 3rd to 4th level, flattening to about 22°.
Development: There are seven shafts, known .by their respective numbers from No. 1 to
No. 7. From Nos. 2 and 7, which are situated near the western end of the property, the most de
velopment has been done. The development from No. 2 shaft (Incline Shaft) has opened the rich
shoots of ore. The body extends 1,000 ft. east of the Main Shaft (No. 2), and is supposed to con~
tinue to the east boundary. West of the Main Shaft this rich shoot has not been found. The ore
developed from No. 7 shaft is of a rather poor nature. The shoot of good ore was followed down
to the third level (273 ft. in the incline), where it was cut off by a slide which runs almost parallel
with the reef, only at a slightly steeper angle, viz. 38°. The shaft was continued down to 6th level,
and a cross-cut driven south, cutting at 111 ft. a formation which is considered identical with that
found above the fault west of the shaft where the ore is poor. The dyke which cuts off the stopes
east of the shaft was driven through at the 200 ft. (2nd) and 3rd level. A cross-cut was put in north
about 400 ft. east of the Main Shaft, where the reef is found, and thrown about 100 ft. north. About
250 ft. have been developed along the dip of the fault. Up to the dyke, which throws the reef 100
ft. north, all the ore above 3rd level has been stoped out. Beyond the cross-cut north, the 3rd level
has been drifted upon for 474 ft. east. There are two levels, about 130 ft. of backs above the main
fault east of the dyke, which are being opened up. The 4th level has been driven upon 255 ft., and
the 5th level 75 ft. The 6th level below the fault has been driven upon 135 ft., and 7th level
20 ft. ; they are connected by a winze which gives 80 ft. of backs. There are about 200 ft. of backs
above 6th level.
Orc Reserves .' Estimated above the fault :—
tons.
3rd, 4th, 5th level 12,000
6th level 8,000
7th ,, 500
20,500
It is estimated that taking the reef at 3 ft. wide for a distance of 2,000 ft., and allowing 700 ft. of
backs below the fault, the ore contents amount to over 300,000 tons. The mill, 40 head, is crushing
about 3,000 tons per month, equal to about 8 years’ supply at the rate of 30,000 tons per annum
from this section. This, of course, does not refer to the property in its enlarged form. 4 to 5
ft. of rock is being stoped, but only about 3 ft. put through the mill.
Value of Reef: Assays from 3nd level are high. 3rd level: a series of assays gave 5 oz.
5 dwt. for a width of 9 in., and another 5 oz. 12 dwt. for a width of 11 in. 4th level: a series
of assays gave 5 oz. 184 dwt. for a width of 13 in. 6th level : a series of assays taken over 135 ft.
of driving gave 3 oz. per ton over a width of 3 ft., which would return about 35 dwt. by plate
amalgamation, and about 10 dwt. from tailings.
Actual average relurns, 1893 : 24,048 tons crushed, yielding 23-42 dwt. by amalgamation. From
January to June the yield by amalgamation was 30 dwt. per ton, and from July to December the yield
by amalgamation was only 19 dwt. per ton. 1894 : 30,537 tons yield 108 dwt. by amalgamation.
1895: January to March yield, 11 dwt. by amalgamation. The poorer results were obtained through
the fault above referred to, which cut off the rich shoot in the upper levels, and it was therefore
necessary to draw upon the poorer rock from N0. 7 shaft for ore supply.
GENERAL REMARKS.—The actual amount of capital sunk in the mine stands, at March 31,
1895, as follows :— £ 8. d.
Total working capital supplied up to March 31, 1895 71 L000 0 0
Balance of profits after payment of £40,000 in dividends 22,108 i1771_11
Total amount of actual capital sunk into Mine {192,108 171_11
This is represented by machinery, plant and buildings, while the permanent works of the mine
and surface works, such as dams and reservoirs, figure at £20,000.
_? ~ I_ 114174;”),
L‘I THF

0‘ N I v E s I '1' 1‘
Eauiiiznmh
298 IV] TIVA TERSRA .YD MINES.

NEW SPES BONA GOLD MINING COMPANY, LIMITED.

Formed in 1887, and re-formed in 1889, 1891, and September, 1894.
CAPITAL—£150,000 in £1 shares; 120,807 shares issued and fully paid up.
Directors.
JAnns HAY, S. W. Jammox, S. B. Joan, Woonr JOEL, J. HAMILTON Lrsua, and
Hon. J. Tonnorn.
London Committee.
E. Esconss, C. F. HOGARD, G. A. Incxm, and A. R. S'rsrnsxsox.
Secretaries and Head Ofice.
Johannesburg Consolidated Investment Company, Limited, Johannesburg, Transvaal.
London Secretaries and Oflice.
Johannesburg Consolidated Investment Company, Limited, 7, Lothbury, E.C.
CAPITAL CHANGm AND HISTORY.—Tl16 original Spes Bona Gold Mining Company had its head
quarters in Johannesburg. Its capital was £26,000, of which £17,950 went to the vendors,
£6,000 was the working capital, and 2,050 shares were held in reserve. In October, 1888, the
capital was increased to £70,000, and the 44,000 new shares were sold for £26,500. In January,
1889, the capital was raised to £120,000, and the assets of the Beatrice Gold Mining Company were
bought for 25,000 shares (giving five shares for four Beatrice shares), 15,000 were sold for £16,000 and
10,000 were subsequently sold for £15,000. The Company's ofiices at this point were removed to Liver
pool. The Company got into debt, and in October, 1891, was reconstructed as the New Spes Bona
Gold Mining Company, with a capital of £120,000, shareholders receiving one share with 123. 6d.
credited as paid for each share held. 113,801 shares were issued in this way, the sum received
being £42,675. The Company again got into debt, and raised £30,000 on a mortgage bond at 10
per cent., while its liabilities on April 30, 1894, amounted to £38,600. An endeavour was then
made to raise £25,000 on further debentures; but this was unsuccessful, and in September, 1894,
the Company was again reconstructed by Messrs. Barnato Bros, without change of title, the head
office being removed to Johannesburg. The shareholders were offered the opportunity of taking
113,801 new shares (share for share) with 108. credited as paid, and in return for guaranteeing
the issue Messrs. Barnato Bros. received 7,106 fully paid shares. This reconstruction provided
£56,900 further, and as the liabilities had by this time increased to about £44,000, the avail
able cash was £13,000. It was stipulated that the 29,193 reserve shares should not be issued at
less than par.
PROPERTY—25 claims on the Main Reef, between the Wolhuter and George Goch Amal
gamated properties, situated on the farm Doornfontein, two miles east of Johannesburg. The
length on_ the line of the reef is 2,376 ft., the outcrop being 155 ft. south of the northern boundary.
For 1,122 ft. along the line of reef the distance to the south boundary is 1,056 ft.; for 726 ft. it is
336 ft. ; and for 528 ft. it is 588 ft. The Company also has 49 machine stands north of the reef,
and an extensive water-right south of the Rand Mines block. (For plan, see Volume III.)
Mixlxs IN'raLuGExca—In May, 1894, when work was stopped, the position was as follows:
3rd Level: This was opened up at a vertical depth of 55 ft. below the 2nd level, giving only
75 ft. of backs above the drives east and west of the eastern winze. At the western winze there
would be about 63 ft. of backs, but here little or no driving was done. The development work at
this level consisted of a winze started at 30 ft. east of incline shaft, and sunk on the South Reef
to a depth of 76 ft. It is connected by a cross-cut of 56 ft'. with the main shaft at a vertical
depth of 242 ft. from surface. A cross-cut north, 40 ft. in length, connects the South Beef with the
Main and Main Reef Leader, upon which 21 ft. were driven to east of cross-cut, and 123 ft. to the west.
Upon the South Beef 99 ft. were driven east and 153 ft. west of cross-cut. Total driven at this level,
406 ft. Farther to the west a second winze was sunk on the South Reef to a depth of 63 ft., at
which it was intended to have commenced driving east to connect with the drive coming westward
from the eastern winze. Owing to the steeper dip of the reef, namely 57°, the depth of 63 ft. would
correspond with that of the drives started from the eastern winze. Upon the Main Reef Leader,
at a distance of 350 ft. from the western boundary, a winze has been sunk to a depth of 58 ft.
4th Level: From the 3rd level a winze has been sunk on the South Reef to a depth of 94 ft., and it
was the intention, at a further depth of 6 ft., to commence to open up the 4th level. Angela
Section: New incline shaft, sunk on Main Reef, was extended 92 ft. below the 2nd level; total
depth from surface, 154 ft. To connect the 1st and 2nd levels, a winze was sunk on the Main Reef
 IVITWA TERSRAND MINES. 299

Leader, also one on the Middle Reef, and also on the South Reef ; and from the 2nd to the 3rd level
winzes were opened, one upon the South Reef and one upon the Middle Reef. At No. 1 level the
drive on the South Reef was extended 50 ft., carrying it up to the boundary. The drive on the
Main Reef Leader has been extended 27 ft., thus carrying it also to the boundary. At the 2nd level
the drive on the South Reef was extended 151 ft. east of the hauling-shaft, making a total of 225 ft.
up to the boundary. This lode varied from 3 to 4 ft. wide, and anned 8 to 10 dwt. A cross-cut
at the 2nd level from the South Reef intersected the Main Reef ader at 56 ft. to the north.
During the first four months of 1894—before the shutting down of the mill—50 stamps ran for
91 days (21 days being lost in stoppages), and produced, together with the cyanide works, £26,011
of gold. The working expenses were £24,443, leaving a profit of £1,568, subject to depreciation and
mine development redemption. The immediate cause of the stoppage of milling operations was the
exhaustion of the Company’s funds. Since the last reconstruction development work has been in
progress and the main shaft has now reached the 4th level (450 ft.) on the incline. On the 3rd
level the Main Reef Leader has an average thickness of about 8 in., while on the 4th, or 450 ft.
level, the reef is increasing to from 14 in. to 3 ft. The South Reef is also improving in thickness,
and shows an increase in value. Development is being accelerated owing to the increase in the
drilling-power from 5 to 8 drills. A new compressor—first half Yates and Thom—to run 10
drills has been erected. In August, 1895, the North Reef was struck, and has been broken into
in four places by cross-cuts from the Main Reef Leader on the 8rd level. It was found at a distance
of 30 ft. to the west, showing a width of 12 to 15 in., and assaying 15 to 19 dwt. per ton.

ORE DEVELOPER—Th6 amount of ore developed on March 16, 1894, was reported to be 60,000
tons in both sections of the mine. At present (September, 1895) the reserves are stated to amount
to 60,G)0 tons in the western section, and 15,000 tons in the Angela section.

NEW STEYN ESTATE GOLD MINES, LIMITED.

Formed in April, 1888. Reconstructed in May, 1893.

CAPITAL (Nominal).—£150,000 in £1 shares; all issued and fully paid up. The directors
have the power to increase the capital from time to time to £200,000, and to
issue the extra 50,000 shares, or any part thereof, at their absolute discretion.

Directors.
Gno. Anno, LEO ALBU, A. EPLER, and L. ELKAN.

Secretary and Head Ofil'ce.

J. V. BLINKHORN (P.O. Box 764), Johannesburg, Transvaal.

London Secretaries and Oflice.

R. WHY'I‘E & C0., 19, Bury Street, St. Mary Axe, E.C.

Berlin Agents and Oflce.

E. Smsom. & 00., Behrenstrasse No. 16, Berlin \‘V.

FINANCIAL HIs'mRY.—Original capital, £140,000, of which the vendors received 88,000 shares
and £20,000 in cash. 32,000 shares were issued for working capital. Of the £52,000 subscribed
the vendors paid for 34,250 shares at par, leaving 17,750 shares which were offered at par to the
public. In 1893 the Company was reconstructed by Messrs. G. and L. Albu, giving the _Com
pany £24,(X)0 of cash, out of which the liabilities of the Company (£8,000) were repaid, leaving a
cash balance of £16,000. By this reconstruct-ion scheme the capital was first reduced, and again in
creased to £140,000, with a reserve of 15,000 shares. At the beginning of 1895 the reserve shares
were disposed of. On May 14, 1895, 400 claims were bought for 10,000 shares, for which purpose
the capital had to be increased to £150,000. At the same time the power was given to the directors
to further increase the capital to £200,000 from time to time, at their discretion.

FINANCIAL POSITION (May, 1895).—The Company has a cash credit balance of about £25,000.
300 "'ITIVA TERSRA ND MINES.

Balance-sheet as at June 30, 1894.

Liabilities. £ 8. d. Assets. £ s. d.
To Capital account 140,000 0 0 By Property account 105,“)0 0 0
Less reserve shares 15,000 0 0 ,, Machinery and plant 297 4 11
- — W ,, Buildings .. 1,072 5 3
125,000 0 0 ,, Live-stock 4 10 0
,, Natal Bank... 128 13 11 ,, Tree lanting 200 U 0
,, Sundry creditors ... 72 2 0 ,, Vlak ontein mynpacht.—
Licenses paid in advance 30 7 6
,, Doornkop ditto, ditto 51 7 6
,, Bills receivable 10,000 0 0
,, Insurance account. — Pre
miums paid in advance 4 7 0
,, Cash on hand at mine 28 19 5
,, Balance to Dr. of profit and
loss account 8,511 14 4
£125,200 15 11 1 £125,200 15 11

Profit and Loss Account for the year to June 30, 1894.

£ 8. d. ' £ s. d.
To Legal expenses 34 3 6 By Revenue account ,—
,, Salaries ‘.265 1 7 Rents and Licenses 788 2 7
,, Charges 141 14 7 Interest on loans 606 10 O
,, Printing and advertising 114 13 5 — —*
,, Development 9,165 8 10 1,394 12 7
,, Vlakfontein mynpacht. — Li
censes to June 30,1894 98 7 9
,, Doornkop mynpacht.—Licenses
to June 30, 1893 77 1 3
,, Insurance account 9 16 0 ,, Balance 8,511 14 4
£21,! i 6 11 £9,906 6 11

PROPERTY—Consists of : (a) The freehold of the Steyn Estate, in extent 3,800 acres, including
extensive plantations with a mynpacht thereon of about 200 claims; (1;) portion of the farm
Vlakfontein (freehold) in extent 3,500 acres, with a mynpacht thereon consisting of about 3L1)
claims. These claims are situated on the northern boundary of Vlakfontein which joins on to the
southern boundary of the proclaimed farm Roodepoort, on which the Durban Roodepocrt, Roode
poort United Main Reef, etc., are situated. The claims are situated 7,000 feet south of the Main
Reef Series outcrop. The Main Reef Series is estimated to be struck at a depth of about 2,000 to
2,500 feet. In May, 1895, the Company acquired 409 claims immediately adjoining the afore
mentioned 250 claims. They were purchased at about 25 shares per claim, i.e., for 10,000 shares.

DEvEwFMEN'L—At the time of reconstruction (1893) the main vertical shaft had reached a
depth of 140 ft. All work had been suspended, but was resumed again after the reconstruction. -
On 140 ft. level the reef was drifted upon east 33 ft., which was continued to a total length of 264 ft.
The west drive was extended from 32 ft. to 230 ft. A winze was sunk from the 140 ft. level. After
sinking 50 ft. through faulted country this work was discontinued and cross-cuts put out north
404 ft. without striking the reef. This was discontinued and the sinking of the winze resumed. At
a depth of 80 ft. reef-formation was struck. At 100 ft. (240 ft. below surface) the reef was struck,
2} ft. wide, assaying 1 oz. 8 dwt. Drives on the east side 66 ft., on the west side 44 ft. The reef
averages 2!; ft. to 3 ft. A further incline shaft, 1,200 ft. west of the main vertical shaft, has been
sunk; it has reached a depth of 125 ft. The old vertical shaft is to be continued to the 340 ft.
level. The following series of assays are taken over a width of 25 ft. to 3 ft., at distances of 7 ft.
apart.
 WIT WA TERSRA .VD MIXES. 301

omlwt. gr.
On 140 ft. level 1 1 0
n 11 ' 2 1 5
,, ,, o 3 10
11 n 0 3 20
1, n 0 8 14
1» 11 0 6 0
71 n 1 1 14
11 11 0 5 0
,, ,, 0 12 20
On 240 ft. level 2 2 0
n n 1 8 10
,, ,, 0 12 10
, 1, 0 2 0
,, ,, 14 2 10
,, ,, 0 7 10
n n 1 0 12
11 n 1 0 0

Records of Crushings.

Period. Stamps. Tons. ‘ oz. tog“

1888—December . .. ... 10 250 354 28 32

1889—January 10 115 157 27 04
February ... ... 10 1 85 ‘ 248 26 81
March . .. ... 10 299 ~ 398 26 62
April . .. ... 10 355.‘; 372 20 96
May 10 3992 , 301 15 05
June... 10 332 1 245 14 75
July 10 487 3106 dwt. 12 74
August ! 10 462 ‘ 310'13 ,, 13 44
September 10 417 20612 ,, 9 91
October 10 432 ' 213 9 86
November - 10 392 230'16 ,, 11 77
December 10 391.1, 26414 ,, 13 63
1890—January 10 416 , 231-2 ,, 11 11
August 10 70 , 67 19 14

A grand total of ore, crushed with a mill of inferior quality, of 5,003 tons, yielding 3,908 oz.
3 dwt., or 1563 dwt. per ton.

GENERAL REMARKs.—At the meeting held May 14, 1895, the chairman pointed. out the value
of the 700 claims situated south of Roodepoort. The claims are situated 7,000 ft. south of the
Main Reef outcrop. A borehole is being put down to strike and locate the reef. The chairman
went into figures and estimated a tonnage of 28 million tons of ore in the property. The reef in the
Durban Roodepoort and Roodepoort United Main Reef properties is giving 11 dwt. and is yielding
a profit of 27s. 6d. per ton. Based on a profit of only 1511. per ton the chairman quoted a possible
profit of 158. r ton on 28 million tons. He estimates the working capital necessary would be a
minimum of 350,000. The moment the reef is intersected in the borehole a shaft is to be sunk,
and works are to be prepared for supplying 100 stamps—his ultimate idea being 500 stamps.
302 II’ITIVA TERSRAXD MIXES.

NEW UNIFIED GOLD MINING COMPANY, LIMITED.

Formed in 1891, and re-formed in February, 1893, and July, 1895.
CAPITAL—£150,000 in £1 shares; 112,500 shares issued and fully paid up.
Directors. _
B. I. BARNATO (Chairman), W. Y. CAMPBELL (Vice-Chairman), E. BRAYSHAW (Manngmg
Director), W. ST. JOHN CARR (alternate), E. W. Evans, E. HANCOCK (alternate), A. HERZBERG
(alternate), S. B. JOEL (alternate), WooLr JOEL, H. B. MARSHALL, and Joan TUDHOPE.
London Committee.
E. ESCOMBE, C. F. HOGARD, A. JACKSON, and A. R. STEPHENSON.
Secretaries and Head Oflice.
Johannesburg Consolidated Investment Company, Limited (P.O. Box 590), Johannesburg,
Transvaal.
London Secretaries and Oflice.
Johannesburg Consolidated Investment Company, Limited, 7, Lothbury, E.C.
FINANCIAL HrsroRY.—The Unified Gold Mining Company was formed in 1891, to acquire the
properties of the National Gold Mining Company (23 claims), and of the Eagle Gold Mining
Company (200 morgen). The capital was £55,000, the Eagle shareholders receiving 16,500 shares
and the National shareholders 24,285 shares. The working capital was £6,000, and 8,215 shares
were held in reserve. The capital was later raised to £110,000, and the assets of the New
Edinburgh Gold Mining Company (18 claims and a 20-stamp battery) were acquired for 45,000
shares. The Company was re-constructed in February, 1893, as the New Unified Company, with a
capital of £170,000, appropriated as follows: To old shareholders, 50,000 shares; offered to old
shareholders at par, the issue being guaranteed, 50,000 shares; to the vendors of certain deep level
(the South National Company and the Edinburgh and South National Deep Company’s) claims,
raising the Company’s holding to 92 claims, 40,000 shares; held in reserve, subject to an option at
par, 30,000 shares. The debts of the old Company were £42,000, reducing the working capital of
the new Company to £8,000. £15,000 was then borrowed (August, 1893) from the Johannesburg
Consolidated Investment Company at 12 per cent., a mortgage bond over the property being given;
while a year later the Company made application for a further loan of £18,000, making £3301)
altogether. In July, 1895, the Company was reconstructed a second time, with a capital of
£150,000. The old shareholders received 56,000 shares (or 2 for 5); 28,000 shares were offered to
them at par, the issue being guaranteed; while the guarantors undertook to take up 28,500
additional shares whenever called upon to do so, and received an option over the 37,500 reserve
shares at par for 12 months.
Accomrrs—The first (and only) accounts of the second Company were for the 11%. months to
March 30, 1894. They are as follows :—
Balance-sheet, March 31, 1894.
Liabilities. £ a. d. Assets. £ 5. d.
To Capital £170,000 By Property account 99,954 0 4
Less reserve ,, (SO-stamp battery, engine, etc. 23,016 16 8
shares 30,000 ,, Mine buildings 4,842 16 0
— ~~- 140,000 0 0 ,, “Eagle” buildings 150 0 0
',, Drafts against gold 7,335 0 0 ,, “Eagle” farm 1,524 0 O
,, Bond 15,000 0 0 ,, Live-stock, carts, etc. 425 18 5
,, Sundry creditors 1,980 15 6 ,, Electric plant .. 1,753 7 10
,, Native wages due at date 848 6 10 ,, Hauling and pumpin plant 7,245 18 4
,, Mine plant 2,115 3 2
l ,, Tramway and plant 2,415 18 6
l ,, Tailings dam 529 10 8
I ,, Shaft sinking (permanent
3 works) 2,938 12 9
I ,, Mine furniture .'.. 103 14 4
,, Stores on hand 1,021 1 9
,, Gold in transit, 2,020'61 oz. 7,370 0
. ,, Cash with manager 145 8 5
,, Cash in bank 1,017 7 6
,, Sundry debtors 450 0 0
,, Profit and loss (balance) 8,144 7 8
£165,164 2 4 £165,164 2 4
 WI T WA TERSRA ND MINES. 303
Profit and Loss Account for the period ended March 31, 1894.
Cost
per ton.
a. Dr. 1:‘ s. d.
5933 To Mining expenses 25,767 17 7
2071 ,, Mine development... 8,998 5 7
2367 ,, Hauling and pumping expenses 10,279 18 3
1132 ,, Tramming expenses 4,919 11 11
2575 ,, Millingexpenses 11,187 19 1
'778 ,, Maintenance 3,379 9 7
‘648 ,, Charges—
Stationery, advertising, etc. £155 3 5
Petties 42 7 6
Cables... 26 0 0
Travelling expenses 29 10 0
Fire insurance 90 0 0
Directors’ fees (including managing
director's salary) 591 15 0
Office expenses (head ofiice and
London) 876 0 11
Licenses 1,008 3 6
2,819 0 4
'641 ,, Special charges—
Interest 1,604 2 3
Law costs 178 12 2
Commission 400 0 0
Engineer’s report 338 1 6
Surveys 59 15 0
Assays 66 13 6
Chamber of Mines 105 0 0
- 2,752 4 5
1614 £70,104 6 9

Cr. £ 8. d
By Gold won, 16,890% oz. 61,228 19 l
,, Tailings sold . 600 0 0
,, Rents 131 0 0
,, Balance 8,144 7 8

£70,104 6 9

PROPERTY.—92 Main Reef claims on the farm Klein Paardekraal, of which 17 are on the line
of reef (extending for 2,500 ft.), and the remainder at the south. Johannesburg is 7 miles to the
cast. The Company also owns 200 morgen of freehold land on the unproclaimed farm Vierfontein,
south-west of Johannesburg. (For plan, see Volume III.)
MINING INTELLIGENCE—There are five or six bodies of banket running through the property,
but only 2—South Reef and Main Reef Leader—have been worked. These were milled in 1893—4
in equal proportions. These reefs vary in thickness from 3 to 4 in., but owing to insuflicient
development, the Company has in the past hadto mill 4 or 5 ft. In 1894 Mr. John Hays Hammond
was consulted as to the future plan of working. He recommended: (a) That milling should for
the present cease; (b) that the old main shaft, being sunk in the centre of a nest of faults, should
be abandoned for the present ; (c) that in the more solid east and west blocks the resent hauling
shafts should be trimmed and taken down to, say, 600 ft., and the 4th and 5th levels turned off at
150 ft. and 290 ft. respectively below the existing 3rd level. On results attending such rospecting,
he considers the further policy of the Company could be better discussed. The boa decided to
follow the advice of Mr. Hammond.
EQUIPMENr.—Illill .' 60 stamps, Sandycroft, complete with engine, boilers, pump, tailings wheel,
crushers, engine and condenser. Electric Plant: One engine, 2 dynamos, one arrester, poles, switches
and cables for lighting battery, mine, and surface. Hauling and Pumping Plant: One 12 h.p.
hauling engine, one 16 h.p. pumping engine, one 6 h.p. Tangye engine and boiler, one 6 h.p.
304 WIT WA TERSRAIVD MINES.

Robey engine and boiler, one 12 h.p. Hornsby hauling engine, one 12 h.p. Marshall hauling engine,
5 boilers, 3 donkey pumps, two 8-in. Cornish pumps, one 12-in. donkey pump, one 10-in. and
one G-in. Cornish pump, one 7-in. Tangye, one 4-in. Tangye, one 8:1 4-in. Tangye, one 12 x 6-in.
Tangye, one 30 ft. iron head-gear, 4 deal and iron head-gears, 2 cages, 2 skips, 3 bogie carriages,
433 yds. ,1, in. wire rope, 200 yds. l} in. wire rope, two 500 gallons deal tanks, four 400 gallons
iron tanks and 2 Sidney pumps.

NEW WITPOORT SYNDICATE, LIMITED.

Formed in 1895.
CAPITAL—£40,000 in £1 shares; all issued and fully paid up.
Directors.
\V. P. TAYDOR, J. LESLIE, E. BRAYSHAW, and L. Ennucn.
Secretary and Ofiicc.
C. E. BRm‘HER'mN, Johannesburg, Transvaal.
CAPITAL.—The Syndicate was formed with a capital of £40,000, which has been fully sub
scribed. £30,000 was paid for the purchase of the property. £10,000 is reserved as working
capital.
WORK DONE—The Syndicate's ground is opened by 1 shaft, from which the ore assaying
31 dwt. has been obtained.
PROPERTY.—Tlle property consists of 200 morgen on the farm Witpoort, district of Heidelberg.
The Black Reef intersects the ground at its widest point. The reef is 12 in. thick, from which
assays of 31 dwt. have been obtainai. The Syndicate has the option to purchase 200 morgen of
additional ground in the same locality.
GENERAL REMARKS.—A new Company is being floated. The capital is to be £200,0(X) in £1
shares, whereof the present shareholders receive 80,000; the option will be exercised by the aid of
10,000 more; 60,000 will be issued to the subscribers of £60,000 in cash; and 50,000 are held in
reserve, subject to a twelve months’ option at par.

NIGEL DEEP, LIMITED.

Formed in May, 1894.
CAPITAL—£500,000 in £1 shares; all issued and fully paid up.
Directors.
JAMm DURHAM (Chairman), A. F. Caosss, W. Dmnnsacn, S. B. JOEL, G. Rlcmns, CAPTAIN
E. F. Rnonrs and J. STROYAN.
London C’mnmittee.
W. F. AxnREwEs, F. T. GERvERs, W. B. PASCOE, and PERCY TARBU'I'I‘.
Secretary and Head Ofil‘r'e.
D. RINTOUL, Johannesburg, Transvaal.
London Ofiice.
8, Old Jewry, E.C.
CAPXTAL CnANGEs.——The Company started with [a capital of £125,000 in £1 shares, whereof
£115,000 were issued for 84 claims (Morse & Geordie blocks), and 5,000 shares were taken up at
par. In November, 1894, 75,000 new shares were created and issued, in return for 184 claims (the
English block), the capital being raised to £200,000, leaving 5,000 shares in reserve. In April,
1895, the ca ital was again increased to £500,000. The 305,000 shares then available were dis
tributed as ollows : 205,000 shares went to the Consolidated Gold Fields of South Africa. for 391
additional claims, and 100,000 shares were issued at par, pro rata, to the holders of the 400,(II)
shares, the subscription being guaranteed. Total working capital supplied, £105,000.
ACCOUN'Is—The first accounts were made up to April 30, 1895.
 IVI T IVA TERSRA ND MINES. 305

Balance-sheet at April 30, 1895.

Liabz'Iitics. £ 8. d. Assds. £ 8. d.
To Capital (in 500,000 shares of By Property 395,000 0 0
£1 each) 500,000 0 O ,, Sundry debtors—for 100,000
shares to be issued as
working capital at £1
each 100,000 0 0
,, Cash on hand at A. B. C.
bank .. 1,917 9 9
, ,, Balance 3,082 10 3
5mm : £500,000 0 0

Statement of Profit and Lossfor 11% months ending April 30, 1895.

_ £ 8 d. .12 s. d.
To Postage, interest, and commis- By Balance 3,082 10 3
sion 7 5 0
,, Legal and preliminaryexpenses 1,670 1 10
,, Claim licenses... 863 18 10
,, Stationery, printing, and ad
vertising 76 3 4
,, Salaries, London office, and
directors’ fees 465 1 3

£3,052 10" 3 £3,082 10 a

_ PROPER'1'Y.—659 claims on the farm Varkensfontein, Heidelberg district, completely cove
ring the immediate dip of the Nigel Gold Mining Company’s mynpacht, with the exception of
about 1,700 ft. at the south-west. The claims extend for 3,700 ft. on the north-western side
of the mynpacht, and for 4,250 ft. on the north-eastern side. The claims lie at distances
varying from 1,700 ft. to 7,400 ft. away from the outcrop of the Nigel Reef. There are eight or
nine rows of dip claims. (For plan, see Volume III.)
GENERAL REMARKS.—In the Nigel Gold Mining Company's workings the reef dips north,
north-west and west, in a semi-circular form, at angles varying from 23° to 16°. Allowing for
flattening, it is believed that a shaft sunk at the nearest point to the outcrop, 1,700 it. away,
would strike the reef at less than 500 ft. Five shafts were started in June, 1895, and are expected
to strike the reef at from 450 ft. to 800 ft. A (SO-stamp mill is to be erected. Mr. John Hays
Hammond calculates that there are 3,000 tons of ore in each claim.

NIGEL DEEP SYNDICATE, LIMITED.

Formed in 1894.

CAPITAL— £5,000 in 200 shares of £25 each ; 170 shares subscribed.

Directors.
J. S. CURTIS, A. Hnnznnno, J. E. SHARPE, G. K. Burma, and H. J. KING.

Secretary and Head Oflirc.

E. \V. SMITH, Johannesburg, Transvaal.
_ CnPrrAIn—The capital of the Syndicate was originally divided into 200 shares of £25 each, 160
being issued and 40 ‘held in reserve. In January, 1895, 10 reserve shares were issued to the share
holders at a _prem1um of £75. The capital of the Syndicate to date is represented by 170
shares of £26 issued and 30 reserve shares. Apportionment of Capital: Issued to vendors, 120
CL. I. X
306 WIT WA TERSRAND MINES.

shares; issued at par to provide working capital, 40 shares; issued to shareholders at £100, being
£75 premium, 10 shares ; held in reserve, 30 shares.
MINING INTELLIGENCE—The property of the Syndicate is situated on the farm Varkensfontein,
district of Heidelberg, Witwatersrand. It is located to the north-west of the Nigel Gold Mining
Company, and forms the dip of this property. The Nigel series of reefs, towards the south-east
corner of the ground, will, it is said, he struck at a vertical depth of approximately 1,170 ft., while
at the south-west corner the reefs will, in all probability, be found at a very shallow depth. No
work has as yet been done; the policy of the Syndicate being for the present to watch the
development of the Nigel Company in their No. 12 shaft, which is at no great distance from the
south—east boundary of the Syndicate’s ground.
PROPERTY.——The property consists of 120 claims, lield under ordinary licenses from the
Government, being 15 claims on the supposed line of the reef, and 8 claims deep.

NIGEL GOLD MINING COMPANY, LIMITED.

Formed in July, 1888.
CAPITAL—£200,000 in £1 shares; 199,300 shares issued and fully paid up.

Directors.
J0me FREEMAN (Chairman), HUGH PARKER (Deputy Chairman), SOWERSBY JOSEPH MAsoN,
EDWARD M. GREENE, LEONARD LINE, PHILIP FRANoIs PAYN, and W. G. BAKER.

Johannesburg Directors.
JOHN HALLIDAY, and C. L. REnwooI).

Ixmdon Directors.
G. H. RAW, L. WAGNER, and J. A. D. PARKER.
General Manager.
ALEXANDER GRANT.
Secretary and Head Oflicc.
P. WEIGH'I‘ON, Pietermaritzburg, Natal.
Local and Transfer Secretary.
JOHN MACKILLICAN, Johannesburg, Transvaal.
London Secretary and Oflice.
J. S. SHELDRICK, 96, Gresham House, Old Broad Street, E.C.
CAPITAL.-—The original capital was £160,000, appropriated as follows : To the vendors, £9,000
in cash and 96,000 shares subscribed at par, giving £39,000 for working capital, 48,000 shares;
bonus to subscribers for ditto, 16,000 shares; total, £160,000. Increase of Capital: The Company
originally sold 18 claims to the Marais Nigel for 7,750 shares in that Company, with a capital of
£30,000, of which 2,000 shares were held in reserve and the balance applied to the purchase
of the Marais Nigel Company’s assets, including cash. In June, 1895, shareholders decided to
purchase the Marais Nigel Company’s assets, consisting of 176 claims adjoining the Nigel Com
pany’s mynpacht., for 19,300 fully paid shares, for which purpose the capital was increased from
£160,000 to £200,000. Of the remaining 20,700 shares, 20,000 shares were offered pro rate to
shareholders at £6 per share, giving £120,000 additional working capital, leaving 700 shares un
issued. The Nigel Company held 7,750 shares in the Marais Nigel Gold Mining Company, which
will entitle it to its pro rata share in the exchange for 19,300 Nigel shares. In order to proceed
with the development at the Marais Nigel the Nigel Company advanced that Company certain
sums, which, at June 30, 1895, stood at £1,862 108.
_ Aoooos'rs AND FINANCE—All the profits up to 1892 were applied to permanent works, which
Includes a. profit of £13,518 168. 6d. for the year ending June, 1889.
 WIT WA TERSRA ND MINES. 307

Statement showing net Profit on Milling Operations from June, 1890, to June, 1895.
£ a. d.
Gold account and revenue for year ending June, 1891 .. 53,739 19 6
Mining, milling, and general expenses for ditto, including mine
development redemption 14,965 14 7

Net profit for year ending June, 1891 £38,774 4 11

Equal to 25 per cent. on the old capital.

.6 s. d.
Gold account and revenue for year ending June, 1892 159,588 16 5
Mining and milling expenses £36,234 8 2
,, development redemption 28,881 9 7
-— -~— —— 65,115 17 9
Net profit for year ending June, 1892 £94,472 18 8: 59 per cent.

£ 8. (1.
Gold account and revenue for year ending June, 1893 167,407 8 10
Mining, and milling account . 74,791 6 5
Net profit for year ending June, 1893 £92,616 2 5=57§ per cent.

16 s. d.
Gold account and revenue for year ending June, 1894 183,160 12 7
Mining and milling expenses and redemption... 86,752 17 0

Net profit for year ending June, 1894 £96,407 15 7:60 per cent.

£ a. d.
Gold and revenue acmunt for year ending June, 1895 184,563 15 10
Mining and milling account and mine redemption 96§880 17 7

Net profit for year ending June, 1895 £87,682 18 3 =55 per cent.

The respective profits on mining are :— £ 8. d.

Year ending June, 1891 .. 38,774 4 11
,, ,, ,, 1892 94,472 18 8
,, ,, ,, 1893 92,616 2 5
,, ,, ,, 1894 96,407 15 7
,, ,, ,, 1895 87,682 18 3

£409,953 19 10

£ 8. d.
The workin capital originally supplied was 39,000 0 0
,, net pro t for 1889-90 was applied to permanent works 13,518 16 6
,, ,, as above amounts to .. . 409,953 19 10
Total amount available . 210247216 4
£ a. d
The total amount paid in dividends as below is 267,955 15 0
Balance cash in hand June 30, 1895 12,000 0 0
£279,955 15 O

Deducting this amount from the total net profits, etc., £462,472 168. 411., there remains a
balance of £182,517 ls. 4d., which is the amount invested in the mine, plant, and equipment, etc.
308 WIT WA TERSRA ND MINES.

Net Profils made.

1
Period. ! ‘3:212:51? \ Reserve fund. , Net profit. 1' Dividend.

s 1.4. 2 ad.’ .2 ad. 2 ad

Up totheJune,
For year1890
ending— ,‘ —- i — , 17,780 5 11 ‘, —
June, 1891 8,989 3 5 _- 1 10,339 2 9 -
,, 1892 70,254 3 10 . _ , 40,977 15 9 47,991 0 0
,, 1893 16,472 10 2 , - 71,034 710 67,986 5 0
,, 1894 ...r 12,732 2 9 5,000 0 0 , 74,265 10 7 1 79,985 0 0
,, 1895 12,799 3 6 , 5,000 0 0 1 71,733 7 s l 71,99210 0
The credit balance for the year ending 1892, including £28,119 83. 8d. brought forward from
the previous half-year, and after deducting £70,254 3.9. 10d. for depreciation, and paying out a 10
per cent. dividend, absorbing £15,997, was £37,103 48. 5d. The balance for the year ending 1893,
after paying a 20 per cent. dividend out of £37,103 49. 5d. (absorbing £31,994) brought forward,
and after writing off £16,472 108. 2d. for depreciation, and paying in dividends £43,991 158., was
£32,151 178. 3d. The balance for the year ending June, 1894, after paying the 5th dividend,
£23,995 103. out of the balance of £32,151 178. 3d. brought forward, leaving £8,156 79. 3d., and
after writing 06' for depreciation £12,732 28. 9d., and placing £5,000 to reserve fund, and paying
out 6th, 7th, 8th, 9th dividends, absorbing £79,985, was £2,436 17s. 10d. For the year ending
June, 1895, the gross earnings, including £2,436 17s. 10d. brought forward, amounted to £184,563
158. 10d. Working and general expenses amounted to £92,054 69. 10d., and depreciation on plant
to £12,799 38. 6d. ; showing a profit of £79,710 59. 6d.
ESTATE REVENUE—The Company is entitled to half of the license money paid on the farm
Varkensfontein. £ 8. d.
For the year ending June, 1891, the revenue from this source amounted to 1,257 11 O
77 77 77 7 77 77 77 9 9

77 77 77 77 77 77 3 2

77 77 77 77 77 77 3

77 77 77 7' H 77 2 1
.At 5 per cent. this asset means a capitalization of £65,820.
Balance-sheet, June 30, 1895.
Liabilities. £ 9. d.
To Capital account 160,000 0 0
,, Sundry creditors 3,065 18 10
,, Reserve fund 10,000 0 0
,, Suspense account 4,202 10 0
,, Balance of profit and loss account 2,717 15 6
£179,986 4 4
Assets. £ ‘3. d. £ 8. d.
By Property account (Mine) 100,000 0 0
,, ,, ,, (Pietermaritzburg) 1,287 5 2
101,287 5 2
,, Plant and machinery 16,952 14 8
,, Permanent works 2,314 3 1
,, Stores... 7,806 7 7
,, Furniture 673 1 0
,, Buildings 17,908 7 3
_--- 45,654 13 7
,, Mine development 14,479 12 2
,, Sundry debtors 422 4 5
,, Marais Nigel Company 1,862 10 0 '
- —————— 2,284 14 5
,, Gold shipped for realization 2,992 17 1
,, Plantation, etc. 314 16 6
,, Investments on fixed deposit, etc. 10,000 0 0
,, Interest and insurance 331 2 3
,, Cash at the mine 2,641
131—79,986 4M42
3
 WITWA TERSRAND MINES. 309

Profit and Loss Account for the year to June 30, 1895.

_ Dr. £ 8. 1?. £
To
,, Mine
Mining
development
expenses redemption 42,604 5 2
18,132 0 0
,, Reduction
Cyanide works
expenses
expenses 7,534 2 3
18,186 12 5
,, Advertising,
Transport expenses
stationery, and printing 1,038 1 0
~ 87,495 Nhrk
170 11
,, General expenses 4,388 14
Depreciation on the following accounts:
Plant and machinery 5,050 18 2
Buildings .. 1,989 16 4
Permanent
Mine development
works 257 2 7
4,826 10 9
Furniture 74 15 8
-‘ 12,799 36
Reserve fund 5,000
Dividends paid to shareholders:
September 29, 1894, 15 per cent. 23,995 10 0
December 29, 1894, 10 ,, ,, 15,997 0 0
March 29,1895,10 17 11 15,000 0 0
June 28, 1895, 10 ,, ,, 10,000 0 0
_-— 71,992 10 O
Balance 2,177 15 G

£184,503 '

Cr. £ 8. d.
By Balance from last year 2,430 17 10
77 Gold
Sale ofin30
transit
unallotted
underestimated,
shares... 1894 148
77 573
77 Battery gold: £ 8. (1.
21,584oz.
5,534 oz.10 dwt. realized
5 dwt. shipped for realization, 80,704 15 0
estimated at 748. 6d. per oz. 20,616 0 3
-~-_--- 101,320 159
Cyanide gold :
4,660
17,575oz.
oz. 55 dwt. realized
shipped for realization, 57,808 11 2
estimated at 678. 6d. per oz. 15,728 010
-—-— 73,536 aCHCO
Slags sold 872
uv Licenses refunded 3,291 [O
Sundry revenue (593
Transfer fees 6
-~.- Nigel Gold Recovery Syndicate :
Royalty on gold realized 1,072
,, ,, shipped for realization... 142
Interest :
Interest on fixed deposit1st mortgage
investment, 280 5 G
189 ll U
—— 469

£184,508
310 WITIVA TERSRAND MINES.

DIVIDENDS DECLARED—
Declared 8. d. £ 8. d.
No. 1 dividend, April 30, 1892, 10 per cent., or 2 0 per share 15,997 0 0
,, 2 ,, June 30, 1892, 20 ,, ,, 4 0 ,, 31,994 0 0
,, 3 ,, December 31,1892, 17.} ,, ,, 3 6 ,, 27,994 15 0
,, 4 ,, March 29,1893, 10 ,, ,, 2 0 ,, 15,997 0 0
,, 5 ,, June 29,1893, 15 ,, ,, 3 0 ,, 23,995 10 0
,, 6 ,, September 29, 1893, 15 ,, ,, 3 0 ,, 23,995 10 0
,, 7 ,, December 29,1893, 10 ,, ,, 2 0 ,, 15,997 0 0
,, 8 ,, March 29,1894, 10 ,, ,, 2 0 ,, 15,997 0 0
,, 9 ,, June 29,1894, 15 ,, ,, 3 0 ,, 23,995 10 0
,, 10 ,, September 29, 1894, 15 ,, ,, 3 0 ,, 23,995 10 0
,, 11 ,, December 29, 1894, 10 ,, ,, 2 0 ,, 15,997 0 O
,, 12 ,, March 29, 1895, 10 ,, ,, 2 0 ,, 16,000 0 0
,, 13 ,, June 28,1895, 10 ,, ,, 2 0 ,, 16,000 0 0

167.1,- ,, ,, 33 6 ,, £267,955 15 0

PROPERTY.—Consists of the owners rights of the farm Varkensfontein, about 5,600 acres in
extent, and the exclusive mineral rights of a mynpacht thereon, equal to 350 claims, 50 of which
are on the outcrop of the Nigel Reef, the remainder covering the dip. Length of outcrop, 6,000 ft.,
and 2,400 ft. on the dip. Also 12 claims on the outcrop, and 6 claims on the dip ground of the
same reef, outside the mynpacht. By the acquisition of the Marais Nigel Company’s assets the
Company becomes possessed of 176 additional claims adjoining the mynpacht. (For plan, see Volume
III.) The Company owns a good water-right on the creek 1% miles south on the Blesbok spruit.
On the spruit, which runs in front of the old battery, a dam has been built for a length of 600 ft.,
with an average height of 8 ft. When full, in the rainy season, it gives a surface of one mile in length
and is a quarter of a mile wide. Coal Mine : In the western portion of the mynpacht four seams of
coal have been struck and have been developed. The bottom seam is considered the best. The
whole fuel supply is taken from it, which means a considerable saving. Locality of the Propcfly:
Nine miles north-east of Heidelberg, on a series of reefs dipping north. 35 to 40 miles from
Johannesburg, but only 10 miles from the present eastern terminus of the Boksburg railway.
MINING INTELLIGENCE.—Dcvelop11mlt.' The mine is being worked in two sections known as
the east and west sections, divided by a spruit or vlei, 1,200 ft., between two shafts, known as No.
3 and No. 4. The mine is being worked by twelve incline shafts, at a distance of 250 ft. apart. It
was the present manager’s intention to discontinue using six shafts, and continue using and sinking
the remainder only. In the eastern section (March, 1895) No. 3 shaft is down 1,209 ft.; in the
western section No. 4 shaft is over 875 ft. deep; No. 9 shaft is over 544 ft. deep; No. 10 shaft is
over 578 ft. deep ; and No. 12 shaft is over 618 ft. deep. Until last year No. 9 shaft was the most
westerly one 0 rated upon. From this point to the southern boundary the area is 3,000 ft. on
the line of ree . and about 2,400 ft. wide. The extent of ground actually worked is 4,200 ft. on
the strike of the reef, which includes the levels driven under the vlei. The levels are driven 100 ft.
apart.
Width and value of Reef and Dip : The width of the reef varies in width from a few inches to
13 and 14 in. The reef itself is in the sandstone formation and slate. The latter is a characteristic
of the reef; it forms the footwall of the reef. The reef dips at an angle of about 20°. It is
generally narrow, but is rich, assaying up to 26 oz. to the ton.
PRODUCI‘ION.—The best criterion of the average value of the reef is the result of milling. Up
to the present the eastern section has always been considered the richer section of the two. The
average yield of ore put through the mill (by amalgamation) during the year ending June, 1890,
was about 2 oz. to the ten; from that date until June, 1891, 2 oz. 4 dwt. 16 gr. ; and for the year
ending 1892, 2 oz. 19 dwt. 7 gr., but if the tailings treated by the African Recovery Company be
taken into consideration, the yield would have been 3 oz. 4 dwt. During the year ending June,
1893, 20,861 tons of ore crushed yielded 26,235 oz. (by amalgamation); and 21,471 oz. 14 dwt.
were obtained from tailings and slimes, bringing the total of bullion up to 2 oz. 5 dwt. 177 gr. per ton.
During the year ending June, 1894, 23,391 tons were crushed, which, together with concentrates
and tailings, gave 47,710 oz. of bullion, giving about 44,498 oz. of standard gold, which is equal to
1 oz. 18 dwt. 1 gr. per ton. During the year ending June, 1895, 28,331 tons were crushed, yielding
(from plates) 27,118 oz. 15 dwt. of smelted gold, equal to about 19 dwt. per ton. 27,006 tons of
tailings were treated, yielding 22,235 oz. 10 dwt. of bullion, which is equal to 16 dwt. 16 gr. per
ton. The total cost of crushing 28,331 tons (including mine redemption, £13,132) and treating
27,006 tons of tailings was £92,054, which produced gold having a value of £175,730 ls. 9d.,
leaving an approximate profit of £83,675 143. 11d., or a profit of £2 19s. per ton. The cost per
 WITWA TERSRAND MINES. 311

ton works out at 65.9. per ton, and the value at 1248. per ton. A more accurate calculation is to
work out the mining and milling with the gold obtained by plate amalgamation, separately from
the cyanide treatment. This would show the results to be as follows, though even in this case
they are not quite accurate, as all the general expenses, etc., are lumped together; and as it
would be a diflicult matter to apportion the expenses under this heading in the correct proportion,
they have simply been charged for the purpose of the following calculation as reduction expenses,
whereby the profit returns by amalgamation are made to be comparatively smaller than they
really are. The result of mining and milling, etc., 28,331 tons brings the cost out at 528. per ton,
and the gold proceeds (by plate amalgamation) at 718. per ton, leaving a net profit of 19s. 3d.
per ton. 27,000 tons of tailings were treated in 1894—5, costing £18,186 123. 5d., producing
gold having a value of £73,536 188., which makes the cost 13s. per ton, and the value of the gold
53s. per ton, leaving a profit of 408. per ton.
During the year ending June, 1894, 23,391 tons were treated, yielding 47,710 oz. of bullion,
giving 44,498 oz. of standard gold, and valued at £170,977 0s. 11d. The total expenses amounted
to £83,006, which works out at 71s. per ton. The value works out at 1468. per ton, leaving
a net profit of approximately 758. per ton.
During the year ending June, 1893, 20,861 tons were treated, producing 26,235 oz. from the
mill, and 21,47l oz. 14 dwt. from tailings and concentrates, together with gold won from old
tailings 1,705 oz., or a grand total of 49,412 oz. 6 dwt. The value of the gold won, exclusive of the
1,705 02., is £156,500. Distributing the value of the gold won over 20,861 tons treated (assuming
that the tailings treated constituted part of the pulp of 20,861 tons crushed), the value of the
ore treated was £5 88. 5d. per ton. The total cost of treating 20,861 tons of ore, including
cyaniding, was £74,791 6s. 5d., which means a cost of £2 lls. 8d. per ton. The difi'erence
shows the net profit to be £2 168. 8d. per ton.
During the year ending June, 1892, 12,555 tons were crushed, which yielded from the plates
alone 20,736 oz. 8 dwt., having a value of £77,106 43., whilst the cost of mining and crushing,
etc., amounted to £36,178 38. 2111., leaving a net profit of £40,928 08. 10d. Value per ton of
ore treated, £6 33. 10d.; cost per ton of ore treated, £2 17s. 7d., leaving a net profit per ton of
£3 Ga. 3d. This calculation is exclusive of tailings treated and concentrates produced.
Tailings: Originally, in 1891, an agreement was entered into by the Company with Messrs.
Pearce, Sharp & Bowness for the treatment of the Company’s tailings—the Company to receive
40 per cent. of the gold won. During the year ending June, 1892, they treated 5,699.]; tons of
tailings, and re-treated 2,798 tons, producing 9,207 oz. 15 dwt. 3 gr.==1 oz. 12 dwt. per ton. The
Company also entered into an agreement with the African Gold Recovery Company, who, up to June,
1892, had treated 10,512 tons of tailings. During the year ending June, 1893, Pearce, Sharp & Bow
ness treated 2,493 tons, producing 1,705 oz. 12 dwts. The agreement with the African Gold Recovery
Company terminated in October, 1892, whereupon the Company took over the plant and treated
tailings for its own account. During 1892 —3, 21,471 oz. were produced from tailings. The
amount treated per month up to June, 1894, was about 1,700 tons per month. It was found that
during 1893-4 the extraction of the gold from the tailings had much improved. Hitherto the
extraction had, as reported, only been 80 per cent., while it was claimed that during 1893—4 87
per cent. extraction had been achieved, leaving only 4 dwt. per ton in the residues, as against
7 dwt. per ton formerly. During the year ending June, 1895, 27,006 tons were treated, producing
22,235 oz. 10 dwt. bullion.
ORE REsERvis—June 30, 1892 : Eastern section, 6,125 tons, value 3.} oz. per ton; Western
section, 18,681 tons, value 4 oz. per ton ; total, 24,806 tons. June 30, 1893 : 10,000 tons in eastern
section ; 31,250 tons in western section, a total of 41,120 tons. June 30, 1894: The new manager,
who accepted ofiice in April, 1894, states that he found the ore reserves at that date to be only
18,473 tons. He developed further 4,510, giving a total of 22,983 tons. During the year ending
June 30, 1895, the reserves were considerably increased. At that date they stood at 77,737 tons,
and in August, 1895, at over 80,000 tons.
AVERAGE YIELD or ORE PER. Tox.--The average yield of ore put through the mill (by plate
amalgamation) for the year ending June, 1890, was 2 oz. per_ ton; for the year to June, 1891, it
was 2 oz. 4 dwt. 16 gr. per ton; for the year to June, 1892, 12,555 tons crushed produced
20,736 oz.=1 oz. 13 dwts. per ton; and (assuming 12,555 tons of tailings were treated) 12,555
tons tailings produced 16,506 oz.=1 oz. 6 dwt. 7 gr. per ton; equal to a total of 37,242 oz.=2
oz. 19 dwt. 7 gr. per ton. The records for the year ending June, 1893, show: Crushed 20,861
tons, produced 26,235 02.; from tailings and concentrates produced 21,471 oz. 14 dwt. Total,
47,708 02., together equal to 2 oz. 5 dwt. 177 gr. per ton. During the year ending June, 1894,
23,391 tons of ore were treated, producing 47,710 oz. of bullion, giving 44,498 oz. of standard
gold. 26,061 oz. were produced by amalgamation=1 oz. 2 dwt. 6 gr. per ton; 21,640 oz. were
produced from tailings=18 dwt. 12 gr. per ton. Total yield per ton, 2 oz. 18 gr.
BA'I'rERY.-—Consists of an old pattern 30-head Sandycroft mill, 25 stamps of which started
312 IVI TIVA TERSRA ND MINES.

crushing in September, 1891 (to which 5 were added in October, 1894), and have been in use ever
since. The average capacity of crushing per day up to 1893 was 1'95 tons per stamp; in 1893—4 it
improved to 259 tons per head per day (owing to the addition of new stone crusher and feeders).
During the year ending June, 1895, the 30 stamps crushed at an average of 281 tons per stamp
per day. The mill is located near the works in the western section. As the mine is in a more
forward state of development, and in view of the acquisition of the Marais Nigel claims, the Com
pany has decided to erect a new 50-head heavy type mill.
Concentrates: Frue vanners were started in March, 1892, but were discontinued in 1893, and
all the tailings produced afterwards were subjected to direct cyanide treatment.
Residues: The Company had on hand in June, 1894, 50,000 tons of residues which contained
a high percentage of gold, but which it was found difficult to treat. With the new slimes treat
ment process a fair extraction of the gold will no doubt be achieved.
GENERAL REMARKs.—In calculating the tonnage contained in a claim of the Nigel Company
it should be remembered that the reefs are narrow and the angle of dip rather flat. Reference to
the foregoing details will show that the Nigel Company has obtained remarkable results, especially
in view of the fact that up to the present moment it is still crushing with its old worn and
antiquated mill. It is therefore working at a considerable disadvantage in respect of equipment,
but when the new 50 stamps commence operations, with sufficient ore reserves, there can be little
doubt that a material improvement will result.

NIGEL MAIN REEF, LIMITED,

Formed in Angus-I, 1895.
CAPITAL—£120,000 in £1 shares ; 100,000 shares issued.
Directors.
0. PETo BENNETT, L. W. FIsuER, C. A. SEYMOUR-BROWNE, WILLIAM THOMPSON, and
JOHN A. TRAvERs.
Secretary and Qjficc.
E. J. BROADBENT, 5, Copthall Buildings, E.C.
CAPITAL—The British Exploration Company, Limited, received £90,000 for the property, and
the present issue provides £10,000 for working capital.
PROPERTY.—68'30 mining claims (85 acres) situated on the townlauds of Heidelberg, Heidel
berg district, Transvaal, south Of the Blesbok spruit.
GENERAL REMARKs—So far the property has been very little opened up. At the south
boundary an incline shaft, 30 ft. deep, has exposed a banket leader, 6 in. wide, carrying good
gold in places. 200 yds. to the north a reef (which the Company calls the “Oscar ”) is found, 2
ft. wide, and assaying 10 to 15 dwt. at 4 ft. from the surface. Further to the north is a 10
ft. reef (called the “ Gigantic”), but no particulars as to its value are given. The formation
dips to the north, and it is claimed that it is the same as in the case of the Nigel Gold Mining
Company’s property, 8 miles to the north-east.

NORTH RANDFONTEIN GOLD MINING COMPANY, LIMITED.

‘ Formed in 1894.
CAPITAL—£250,(K)0 in £1 shares; 185,250 shares issued and fully paid up.
Directors.
J. W. S. LANGERMAN (Chairman), J. B. ROBINSON, J. FERGUSON, and G. Roumo'r.
London Agents.
Jonx H. B011‘ and SIMON MARCUS.
Secretary and Head Ofiice.
G. BINGHAM, 37, Robinson’s Buildings, Johannesburg, Transvaal.
London Secretary and Ofiice.
J. ROBERTSON, 8, Princes Street, E0.
Paris Agents and Oflice.
Société Générale, 54, Rue de Provence, Paris.
FINANCIAL HISTORY.—Original capital £100,000. Appropriation: To the vendors, 50000
shares; working capital subscribed at par £50,000; total, £100,000. On April 5, 1895,,the
 IVITIVA TERSRA ND MINES. 313

capital was increased to £200,000, with a further right of increase to £250,000, apportioned as
follows: 35,250 fully paid shares for certain 85:‘; claims in Uitvalfontein, the property of S.
Neumann & Co. and others; 50,000 issued at par for additional working capital; and 14,750 reserved
for future issue. Total, £100,000. Shareholders were offered the right of subscribing the new
issue pro rate. The issue was guaranteed, and as consideration the guarantors had the option to
take up 25,000 new shares at 228. 6d. per share for six months, and 25,000 new shares at 258. per
share for nine months. Power was given to the directors to increase the capital from £200,000 to
£250,000 when the options are exercised. Of the original £50,000 working capital £7,400 had been
expended, leaving a balance of about £42,000. \Vith the new issue of 50,000 shares at par the
Company had £92,600 in hand. If the guarantors exercise their option on 50,000 shares, and no
doubt they will, the Company will have cash amounting to £150,000, besides 14,750 reserve
shares.
PIt0PERTY.—Originally consisted of 88 claims, formerly known as the Nellmapius block on
the proclaimed farm Uitvalfontein. In 1895, 851; further claims (mostly dip claims) were pur
chased, making the total area 173.15 claims in one block, the measurements being 3,100 ft. from
north to south, and 3,300 ft. from east to west. The reef traverses the Company’s property from
north to south close to the western boundary, and is reported to be dipping at an angle of 70
degrees. ( For plan, see Randfontein map in Volume III.)
DEvELoPMEsm—The reef known as the Randfontein Reef enters the northern portion of the
property where it leaves the Porges Randfontein Gold Mining Company, and has been traced
throughout the length of the property, for a distance of 3,100 ft. 18 shafts and winzes have been
sunk along the line of reef to depths varying from 20 to 140 ft. Width of reef in places 9 in.
The value of the reef is said to be from 3 oz. to 41 oz. Rich assays are reported to have been
obtained quite recently. Two permanent shafts are being sunk.
EQUIPMENT.—Practically all mining will be done from the main vertical shafts, and at present
from two permanent winzes fitted with small hauling power, as they will be mainly kept as a safe
guard, and as a possible means of future development should it be found necessary to increase it.
The main "ertical shaft is being equipped as follows: One compound condensing 45 h.p. engine by
Davy, Paxman & Company, one 10 in. Cornish pump and pumping engine, two 109 h.p. Babcock
& Wilcox boilers, two 115 h.p. Root’s boilers, and two 115 h.p. Root’s boilers as additional auxiliary’
power. The air compressing plant will be erected at a later period.
Mill: 60 Fraser & Chalmers’ 1,050 lbs. stamps fitted with Challenge ore feeders, 24 frue
vanners, 1 triple expansion engine, 400 h.p., Fleming & Ferguson type, by J. Musgrave &
Sons; 1 auxiliary duplicate engine. Electrical appliances are not as yet decided upon, but it is
contemplated that this plant, in addition to the electrical lighting, will drive the pumps at the
pumping station, haulage for cyanide works, cyanide solution pumps, ventilators for the mine, and
all machine tools in the workshops, and will also be put to every practicable use.
Cyanide plant : This will be of a capacity of 6,000 tons monthly.

NOURSE DEEP, LIMITED.

Formed in September, 1894.
CAPITAL -—£450,000 in £1 shares; 375,000 shares issued and fully paid up.
Directors.
LIONEL Pmnurs (Chairman), G. Rocuo'r (alternate F. Ecxs'rsm), E. BIRKENRUTH (alternate
W. Home), A. T. Scmum, and W. T. GRAHAM.
London Committee.
ALFRED Barr, Max MICHAELIS, and HERMAN ZOEPPRITZ.
General illanager. Manager.
H. C. PERKINS. James DONALD.
Secretary. Transfer Secretary.
R. V. Mmnurrox. C. R. O‘FLAuER'rY.
Hmd Ofire.
Eckstein’s Buildings (P.O. Box 771), Johannesburg.
London Secretary and Oflicv.
A. Mom, 120, Bishopsgate Street Within, E.C.
CAPITAL APPROPRIATION.—The vendors received 300,000 shares. Of these the Rand Mines,
which contributed 241 claims, received 237,500 shares, and the Henry Nourse Deep Level Company,
which contributed 28 claims, received 62,500 shares. 75,000 shares were issued for working
3I4 IVITIVATERSRAND MINES.

capital at par, and were subscribed by the vendors in the following proportions: The Rand Mines,
59,375 shares ; and the Henry Nourse Deep Level Company, 15,625 shares. The Rand Mines held
almost the entire capital of the Henry Nourse Deep Level Gold Mining Company, viz., 109,813
shares out of 125,000. The Rand Mines, in exchange for their 241 claims and interest in the
Henry Nourse Deep, with their proportion to the working capital, received 365,257 shares. The
expenditure on shaft sinking, etc., amounts to about £160,000, of which £75,000 was found by
the original issue of 75,000 shares at 208. for working capital.
PROPERTY.—Consists of 269 Main Reef claims, situated south of the Henry Nourse and New
Heriot properties. Their nearest distance from the outcrop is 300 ft., and the farthest distance
3,200 ft. The total length on the strike of the reef is 6,000 ft., and on the dip, 2,900 feet. (For
plan, see Volume III.)
Accous'rs—
Balance-sheet as at July 31, 1895.
Liabilities. £ s. d. Assets. £ a. d.
To Capital account £450,000 By Claim property (269 claims) 300,11” 0 0
Less reserue shares 75,066 ,, Shafts 61,696 11 10
374,934 0 0 ,, Mine development... 24,168 11 10
,, Sundry creditors 94,617 1 1 ,, Buildings and permanent
,, Revenue 145 0 0 works 16,869 16 2
,, Machinery and plant 51,973 19 11
,, Live-stock and vehicles 95 15 0
,, Furniture 53 1510
,, Mining stores and native
passes 5,094 7 7
,, Tree planting account 378 15 7
,, Suudryoutstandings 357 11 9
,, Insurance policies 204 15 0
,, Sundry expenditures:
1. s. d
Claim licenses 1,261 15 0
Interest on .
loan 1,818 15 3
Directors’ fees 30 9 0
Legalexpenses 295 12 0
Head oflices
and transfer
oflice ex
penses 79916 9
————— 4,206 8 0
,_ ________ ,, Cash at bank and at mine 4,595 12 7
£469,696 1 1 £469,696 1 l

EQUIrimxm—The property is provided with sufiicient surface mining equipment in the way of
hoists, pumps and air compressor, for several years’ work with a 100-stamp crushing plant.
Eventually more powerful winding engines will be needed, and finally it is probable that auxiliary
underground pumps run by air or electricity will have to be added. \Vorkshops are erected and
workmen’s quarters will not require large extension to accommodate the men needed for working
the property.
DEVELOPMENT.—The mine is being developed by means of 3 vertical shafts. No. 1 (east end
of property), 9 x 5.} ft., is 900 ft. distant from N0. 2, 15 x 4 ft. (‘middle of the property). No. 3,
11 x 5 ft., is 1,700 ft. distant from No. 2. No. 1 shaft is 550 ft. from the outcrop, 1,350 ft. from the
eastern boundary, 3,500 ft. from the western, and 2,550 ft. from the south boundary. No. 2 shaft
is 800 ft. from the outcrop, 2,000 ft. from the eastern boundary, 2,500 ft. from the western boun
dary, and 2,300 ft. from the south boundary. No. 3 shaft is 500 ft. south of the outcrop, 3,900 ft
ft. from the eastern boundary, and 1,000 ft. from the western, and 2,700 ft. from the south
boundary. A borehole was originally put down near the north boundary, 200 ft. east of No. 3
shaft, striking the reef at 720 ft. The South Reef was struck in No. 1 shaft at a depth of 917 ft,
the reef showing a dip of 45° at that point, although the average dip from there to the out
crop is 60° from the horizontal. The South Reef at this point consisted of several bands of
banket, from 8 in. to 2 ft. in thickness, extending down the shaft for some 11 ft. The Middle Reef
was struck at a depth of 985 ft., where it was 5 ft. thick with no sandstone partings. Several
 WITWATERSRAND MINES. 315

dykes have been met with in the drives and incline, but none of large size. The Middle Reef, which
is the only one drifted upon to any extent, has varied from a few inches to 5 ft. in thickness, with
an average of 18 in., and an average assay of 23 dwt. Including drifting done in No. 2 shaft
on South Reef, the assays give an average of 43 dwt. for 17 in. Shaft No. 2 has attained a depth
of 1,237 ft. At 1,008 ft. a cross-cut to the north cut the South Reef at a distance of 200 ft., and
the Middle Reef at a distance of 275 ft. from the shaft. By arrangement with the Henry Nourse
Gold Mining Company the cross-cut was extended into their ground, and drifts are now being ex
tended east and west on the South Reef through that Company’s claims. These drifts will soon
enter this Company’s property. The vertical shaft is being sunk. It is hoped that the reefs will
be intersected at a depth of 1,300 ft., although apprehension exists that the dyke encountered in
No. 3 shaft will have dislocated the reef in the bottom of No. 2, in which case the reef must be
reached by a cross-cut. Shaft No. 3 is 872 ft. deep, and its bottom is still in the dyke first entered,
some 400 ft. from the surface. Cross-cuts running both north and south have failed to cut the reef,
and the sinking of the shaft will be resumed to a further depth of 200 ft., where it is expected a
south cross-cut will find the reef. The following shows the total development up to September 15,

I June 30. July 31. i August 31. | September 15‘.

n. a. | a. | a.
Shaft No. 1 (vertical depth) l 1,017 1,017 | 1,017 | 1,017
Incline 103 142 l 177 ' 206
Driving ' 1,105,} 1,178 ‘1 1,3831 1,483
Shaft No.2 l 1,061 1,135; 1,204 | 1,237
Pump-chamber l 20 20 , 20 I 20
Cross—cut north | 208 275 I 275 ‘ 275
Drives ‘ -- 44 i 271 l 373
Shaft No.3 ‘ 862.} 862 ‘ 862.1; , 872
742 ft. cross-cut north 130 130 ' 130 , 130
845 ft. cross-cut north 114 114 114 i 114
845 ft. cross-cut south 22 150.} ! 234 ,i 234

Total f 4,043 I 5,069 1 5,6881. ‘ 5,961

GENERAL RmrARKs—At 985 ft., where the reef was struck in No. 1 shaft, the distance from
the outcrop on the slope of the reef is 1,100 ft. According to the general manager’s estimate the
Company will start crushing at the latter end of 1896. Up to July 31, 1895, £160,000 had been
spent. Of this amount £95,000 was borrowed from the Rand Mines, Limited, at 7 per cent., and
further money can be raised in the same way, or may be obtained by the sale of the reserve shares.
It is estimated that £160,000 further will be required before the mine is in a producing condition.
A 100-stamp mill has been ordered, and is to be erected at once. 25 drills are at work. The Com
pany employs 150 whites and 400 natives.

ORION BELT, LIMITED.

Formed in May, 1895.
CAPITAL—£250,000 in £1 shares ; 225,000 shares issued and fully paid up.
Directors.
\V. H. FRI'I'H, R. W. HEPBURNE, F. E. LANDER, B. DE C. NIXON, and Victor; Wonrr (Managing
Director).
South African Board.
W. H. Anuau, FRANCIS LOWREY, and VICTOR WoLrr.
Secretary and 0 cc.
H. W. Honnnrrcn, 69, Lom ard Street, E0.
CAPrrAI..——175,000 shares were paid for the property, 50,000 were privately subscribed for at
par to provide working capital, and 25,000 are held in reserve.
PROPERTY.—406 claims (Nos. 229 to 259, and Nos. 416 to 790) on the farm Roodekop,
Witwatersrand, 8 miles from Johannesburg. The claims adjoin the southern boundaries of the
Orion, Minerva and South Orion properties, and the distance from the outcrop of the Black Reef is
about 7,000 ft. in the case of 35 claims ; while owing to the curve of the reef the distance is only
316 VVITIVA TERSRAND MINES.

2,000 ft. in the case of the remaining claims. The top row consists of 41 claims. There is a
water-right on the same farm to the east.
MAcHINERY.-—The Company has recently purchased the 15 stamp battery and cyanide plant
of the Meyer & Leeb Gold Mining Company.
GENERAL REMARKs—Mr. L. Chouan reported upon the claims in June, 1895. He estimates
that the Black Reef will be struck at a depth of 152 ft. 6 in. in the case of 35 claims, and at 464 ft.
in the case of the others. The reef dips south at an angle of 5 to 7° in the outcrop mines. A bore
hole sunk to the north of the claims and 3,000 ft. south of the outcrop struck the reef at 127 ft.
vertical, showing a dip of 2° only, and in the case of the Company’s claims it is assumed to be
flat. Mr. Davy estimates the quantity of ore in the claims at 5,010,000 tons. An amalgamation
with the South Orion Gold Mining Company has been suggested. If it is carried through, the new
Company will have a capital of £500,000, an issued capital of £420,000, and a working capital of
£50,000; and shareholders will receive share for share. This matter has still to be settled.

ORION GOLD MINING COMPANY, LIMITED.

Formed in 1891, and rc-formcd in 1892 and 1894.
CAPITAL—£160,000 in £1 shares ; all issued and fully paid up.
Directors.
B. M. WOOLLAN (Chairman), E. T. Sonsasn'r (Managing Director), E. BIRKENRU'I‘H,
TnonAs PALMER, and J. HAY.
Manager.
J. J. LANG.
Secretaries and Oflicc.
African Estate Company, Limited, Johannesburg.
London Agents and Ofice.
African Estate Company, Limited, 2, Draper’s Gardens, E.C.
CAPITAL CHANGES AND HI.STORY.——The original capital was £9,250, which was appropriated in
the following way. The property was formerly known as the Oosthuizen Block, consisting of 30'
claims on the farm Roodekop. In April, 1889, the block was amalgamated with the Black Reef Gold
Mining Company for 63,000 shares in that Company. The latter being unsuccessful, negotiations
were carried on for the sale of the block for £20,000 cash and a share in a new Company. These
having fallen through, the claims were worked on tribute for a while by Messrs. Lang and Bailey.
and finally sold to them for £8,500 with all plant and machinery. Then this Company was formed
with the capital above mentioned, being £750 in excess of what had been paid for the property.
In July, 1892, the capital was increased to £30,000 in new shares, 20,000 of which went to the
old shareholders, and 10,000 were taken up by the Consolidated Gold Fields of South Africa at
408. giving £20,000 of working capital. In December, 1894, the capital was again increased to
£160,000. Of this 63,000 shares went to the old shareholders in exchange of their former holdings,
being 2,15 new shares for every 1 old share ; 31,200 shares were held in reserve ; 30,000 were issued
for additional working capital, realizing £30,000; and 3,000 were allotted to the guarantors. The
remaining 32,800 shares went to the shareholders of the Mulders Farm Gold Mining Company in
purchase of their property. Of the 31,200 reserve shares, 20,700 were disposed of early in 18115
at 378. 6d. per share, realizing £50,062‘100.,and the remaining 4,500 shares were given for an
option upon the Mulders Werf, which was subsequently included in the sale to the Minerva
Company. Since the railway-line split up the property—for mining under the railway is not
allowed—it was found advisable to float the eastern portion into a separate Company, and this
transaction was completed towards the end of 1894. The whole of the eastern portion, being:
about 7; of the whole property, together with the battery and cyanide plant, was sold to the
Minerva Gold Mining Company for the sum of £75,000 in cash and £25,000 in shares.
Recapitulation. .15 s. d
Capital supplied by the original Company 9,250 0 0
10,000 shares taken up by Gold Fields of South Africa, at 408.... 20,000 0 0
30,000 new shares issued at par .. 30,000 0 0
26,700 ,, sold at 37s. 6d. 50,062 10 0
Property sold to Minerva Company 75,000 0 0
Total capital supplied from all sources since inception £T84,3]2 10#0
 WITWATERSRAND MINES 317

ACCOUNTS AND FmAxoe—Acconnts were made up annually to June 30; but lately it has been
decided to close accounts on December 31 in each year, and therefore the last accounts rendered are
to December 31, 1894, and are for a period of six months only.
Balance-sheet and profit and loss account, as at December 31, 1894.

Balance-sheet, December 31, 1894.

Liabilities. £ 8. d. Assets. :6 s. d.
To Capital account £160,000 By Property account 46,108 12 1
Less reserve shares 31,200 ,, Machinery and plant 26,180 18 7
,, Subscribers’ account 27,000 0 0
1281,5500 0 0 ,, Cyanide residues 7,500 0 0
., Reserve fund 150 0 0 ,, Buildings 3,485 12 11
11 B1113 Payable 750 7 3 ,, Cyanide plant and contracts 3,519 1 0
n Managers advance account 3'78 7 8 ,, Bullion in transit 2,400 o o
n Sundry creditors 1,598 13 6 ,, Stores in hand 1,986 7 2
,, Profit and. loss account 1,212 12 0 H Live_stock 151 13 0
,, Oflice furniture 30 10 0
,, Development 1,752 5 3
,, Prospecting account 275 19 8
,, Mulder’s Werf option 120 0 0
,, Sundry debtors 6,777 4 0
,, Cash at Standard Bank 6,201 16 9
£133,490 0 5 £133,490 0 5

Profit and Loss Account, No. 1 (half-year to December 31, 1894).

Working Ea-penses. £ a. d. l Revenue. :2 s. d.
To Mining 11,441 7 7 | By Gold won (plates) 28,164 11 11
,, Milling 4,003 17 10 l ,, ,, (tailings) 24,600 17 8
,, Hauling and tramming 1,476 4 5 1 ,, Sale of slag 1,026 5 6
,, Cyanide expenses 5,458 1 8 ,, Stand rents 21.5 0 0
,, ,, royalty 2,439 11 9 ,, Income tax 3 11 4
,, Prospecting account... 739 15 7
,, General expenses 1,251 5 6
,, Sundry ,, 1,713 2 3
,, Balance 25,486 19 10
£54,010 6 5 £54,010 6 5

Profit and Loss Account, No. 2 (half-year to December 31, 1894).

Dr‘. £ 8. (1. Cr. £ 8 d.
To Bonuses 3,082 10 0 By Balance from last statement :
,, Capital account (accumulated June 30,1894 17,671 4 7
profits) 33,000 0 0 ,, Cyanide residues 7,500 0 0
,, African Estates Company 3,000 0 0 ,, Investment account... 652 11 11
,, Depreciation 1,321 19 4 ,, Profit and loss account, No. 1 25,486 19 10
,, Secret service fund 70 15 0
,, Dividends Nos. 8, 9, and 10... 9,000 0 0
,, Reserve fund 623 0 0
,, Balance 1,212 12 0
£51,310 16 4 £51,310 16 4

From the balance-sheet it will be seen that the pro rty stood in at £46,108 12s. 1d., while
the sale of little more than one-third of the property to t e Minerva Company, and the machinery
and plant erected on the portion so sold, alone realized £100,000; the plant and buildings included
in this sale amounting to about £35,000. In consideration of the sale of property the property
account has been reduced by £14,108, so that the present property of this Company, consisting of
about 572 claims, stands in at £32,000. In the sale to the Minerva Company are also included
318 WIT WA TERSRA ND MINES.

the accumulated tailings and the cyanide residues figuring in the balance-sheet at £7,500. The
actual net profit realized during the six months ended December 31, 1894, is, after deduction of
depreciation and bonuses, etc., £18,664 73. 5d. as against £26,586 63. 2d. realized during the whole
of the year ended June 30, 1894.
The profits realized by the Company since its inception stand in as follows :—
£ 3. d.
From July, 1891, to July, 1892 6,817 17 5
,, July, 1892, to June 30, 1893 16,946 6 4
,, June 30, 1893, to June 30, 1894 26,586 6 2
,, June 30, 1894, to June 30, 1895 (gross) 53,442 10 9

£103,793 0 8

DIVIDENDS PAID.—
£ £
Up to April, 1893 71; per cent. on 30,000 = 2,250
,, July, 1893, to June, 1894 50 ,, ,, ,, = 15,000
,, August 22, 1894 10 ,, ,, ,, = 3,000
,, October 14, 1894 10 ,, ,, ,, = 3,000
,, November 5, 1894 10 ,, ,, ,, = 3,(DO
,, November 17, 1894 15 ,, ,,(bonus) ,, = 4,500
,, December 5, 1894 10 ,, ,, ,, : 3,000
,, March, 1895 10 ,, ,, 160,000 : 16,000
,, July, 1895 10 ,, ,, ,, = 16,000

Total 18% ,, ,, ,, = £65,750

Leaving a balance of undistributed profits to June, 1895, of £38,043 Os. 8d. It will be observed
that almost the whole of these dividends have been paid within two years, that is, from June, 1893,
to June, 1805. The profit shown at end of June, 1895, is the gross rofit; consequently the above
balance will be somewhat reduced after due allowance has been in e for depreciation and special
charges.
PRODUC'I‘ION.—Tl16 Orion Company started crushing operations with a 20-stamp mill of light
pattern, to which, in 1893, 20 stamps of heavy pattern were added. The cyanide plant of 3,000
tons capacity per month was erected in 1892. This installation, being on the portion sold to the
Minerva Company, now forms the equipment of that Company, but the Orion continued to crush
with its former plant until the new 80-stamp reduction and cyanide works on the western portion
were completed. The accumulated tailings likewise become the property of the Minerva Company

Details of Production : Milling Results since crushing was started.

Period. I No. of stamps. Tons crushed. Total yield-Q Yield per ton. Total value. ivalueperwn

{ tons. oz. dwt. dwt. ‘ £ £ a. d.

1891 20 1 6,389 3,247 13 10-16 11,367 1 15 6
1892 1 20 = 22,191 7,107 12 6-40 25,305 1 2 9
1893 ' 20440 P 36,418 8,318 3 4-57 30,092 I 016 6
January, 18951I
1894 40 54,850 14,748
1,571195 5-41 54,264
40 5,330 589 5,637 , 01 1910
1 2
; February ,, 40 4,663 871 14 374 3,049 0 13 0
March ,, l 40 4,533 994 19 438 3,579 015 9
April ,, 1 40 _4,256 617 4 290 2,220 010 5
May ,, l 40 1 5,547 1,032 16 372 3,742 o 13 5
June ,, 1 40 , 4,881 1,295 15 530 4,662 I 019 1
4years 1 ' 149,058 ‘39,805 19 534 143,917 l 0 19 d
CYANIDE.—Th6 3,000 tons plant formerly belonged to a syndicate which worked the tailings 0f
the Company on contract, but in 1893 the works were bought, and the contract with the syndlcau’
cancelled, for the sum of £5,000.
 WITIVA TERSRANI) MINES. 319

Tailings Returns.
Period. Tons treated] Total yield. Yield per ton. ,‘ V Total value. Value per ton.

i V i I i I r -/ ‘ I _ I- I , I" Toni’ I‘l If (l\\'tr; H 1' £4 7 £ 8- d

1892 —— 3,895 14 — 1 11,743 —

1893 — 1 9,677 15 -— 3 29,441 —
1894 29,124 ‘, 19,460 14 153-35 ' 57,735 —
January, 1895 3,024 , 1,250 18 8'27 3,752 1 4 9
February ,, 2,592 1,566 10 1204 ‘, 4,698 1 16 1
March ,, 2,132 1,842 15 1728 5,527 2 11 10
April ,, ‘, 2,548 g 2,422 14 19-01 1 7,267 2 16 9
May ,, 2,800 \ 2,536 11 1812 7,609 2 14 3
June ,, 2,964 1 2,329 9 ‘ 1571 6,988 2 7 1

, ‘ 44,983 0 , 134,760
Total Production up to June 30, 1895.
From mill 39,805 oz. 15 dwt. realized at £143,917
,, tailings 44,988 ,, ,, 134,760

Total 84,793 oz. 15 dwt. £278,677

The percentage of extraction from the tailings has been as follows :—

For the six months ended December, 1893 ' 64-55 per cent.
,, ,, ,, June, 1894 71'4 ,,
n seven ,, ,, January, 1895... . .. .. - 70 ,,
\Vith the new cyanide plant it is estimated that the average yield per ton will be increased by at
least 15 per cent., the double treatment being adopted as against the single treatment at the present
works. The cost of the treatment will be considerably reduced as soon as the same is carried on on
a larger scale. .
Working expenses : At present working expenses average 13.11. 66. for mining and milling, and
7s. 6d. for the cyanide treatment. Together with mine development the total mining and milling
expenses amount to about 16.9. per ten, but with the new equipment it is expected that the total will
not exceed 145. per ton.
Examples of Working Expenses per ton.

Hauling
Period- , Minin . Millin . and Gem“ Develo m’nt. Total.
‘I g i g tramming. charges’ p

l .. d. -. d. | a. a. l a. a. I. d. 1. d.
Ju1y,1894 ...‘ s 9 210 o s o 0; , 1 2 13 s
A“g118t,1894 7 9 2 6 1 o l o 0,; 1 2 12 6
October. 1894 e 8} 2 4._ 0 10% , 0105 l 0 9* 11 71,
_ DESCRIPTION or THE PROPERTY.—Th6 original property consisted of the Oosthuizen block of
claims and some other claims; in all, 8 diggers’ claims and 36 prospecting claims; total, 44
claims, situate on the farm Roodekop, about 10 miles south-east of Johannesburg. By the absorp
Qlfmfif the Property of the Mulder’s Farm Gold Mining Company, 500 morgen' or 720 claims ad
Jommg to the south of the original claims were added to the property, and by the acquisition of
Mulder’s Werf another 205 claims were secured on the dip of the reef. The total was then 969
claims, which were divided by the railway line into 572 claims on the western portion and 397
claims on the eastern portion. The latter block has been sold to the Minerva Gold Mining Com
pany: Llmlted: The whole property is on the dip of the old Black Reef Gold Mining Company
(130“: East Orion), the Meyer and Leeb Company, the Cornucopia Company, and the New Golden
home. (For plan, see Volume III.)
Misuse INTELmoENca—Reqf: The outcrop proper of the Black Reef is not on either of these
propert1es,as1t lies on the old Black Reef ground (now the East Orion), and passes through the
Meyer and Leeb and Cornucopia. As it goes westward, however, it trends to the southward, and
finally appears to trend due south and to lie within the freehold of the Company. The notable
320 WITWA TERSRA ND MINES.

characteristic of the reef, however, is that (as in the Meyer and Leeb) it descends from the outcrop
almost like a staircase, alternately flattening and dipping, till a depth of about 60 ft. is attained,
when it becomes for all practical considerations permanently flat, and underlies probably the
whole of the Company’s ground at approximately that depth. In fact the water drainage will be
to the main shaft, which is not far from the battery. Everywhere the reef is close to the
surface and covered with limestone. The lowest depth at present known is about 100 ft. While
the reef is practically flat (and offering great facilities for mining, as it lies on clay, with a quart
zite ceiling with a clean fracture) the sheet is apparently undulating. Present appearances lead to
the surmise that these undulations line from east to west, and that in the lines of depression thus
formed in and upon the clay flooring, lie those rich shoots for which the Orion has now a reputation.
It is the lower portion of the reef which contains the valuable ore—especially down upon the clay.
At the Meyer and Leeb (now nearly worked out) the rich leader upon the clay ran from one to five
inches in thickness, and the clay beneath is also stoped to 18 in. It contains a great deal of gold.
This characteristic prevails throughout the Orion, as this oxidised iron clay (containing a little
crystalline quartz) usually shows visible gold, and assays up to hundreds of ounces. The conglo
merate itself differs markedly, not only in colour but in composition, from the Main Reef series. It
contains copper (giving trouble in cyaniding), with traces of cobalt, nickel and arsenic, and the
pebbles are associated with a large quantity of rounded concretionary iron pyrites (especially
towards the lower part of the bed). The outcrop Companies, which have less of this pyritous ore,
commonly look upon it with envy, and it is undoubtedly rich. Thus the reef cannot be said to have
a dip. It is a seam underlying the surface uniformly at a depth of some 60 ft., and, in all proba
bility, its thickness may run from six to eight feet on the clay floor. The average milling stope
hitherto has been about 3 ft. 6 in. from the lower part of the reef. The reef, however, is just now
showing a marked increase in thickness proceeding westward from No. 1 shaft. This portion has
been worked for the last two months, and just now is showing 14 ft. thick, of which the lower
10 ft. are being milled, over which width the assay value exceeds 1 oz. on an average.
The Mine: The extent of the flat mining area is about 1,000 yds. east and west, by a mile
on the so-called dip. The rich shoots run (it is expected uniformly) east and west. The clay,
of course, gives a good deal of slimes. The heavy ore of the reef body gives but a poor return on
the plates (about 25 per cent), while the sands for cyaniding are so rich and heavy as to be
practically entirely concentrates. For the past two years the plates have caught about 5 dwt.,
while the cyanide yields 13 dwt. Hence the importance of the new plant. For the rest the mining
much resembles that of a horizontal coal seam. Four shafts are sunk, forming a square, and con
nected with drives. As one area is thus worked out, other shafts will be sunk. In the Orion
ground the ore developed is at present fully a year ahead of the new mill’s requirements, amounting
to about 120,000 tons. The stoping will be carried on with rock-drills, and general expenses should
be about 28. per ton less than hitherto. The rich shoot already mentioned in the Orion ground
passes beneath the railway eastwards into the Minerva. This ground is being opened by three
shafts—north, middle, and south—all of which will very shortly touch the reef—here about 80 or
90 ft. beneath the surface and practically flat—when driving and developing will at once proceed.
The system of mining followed is what is known as the long-wall, which consists of sinking to the
floor level of the reef, and then, taking the shaft as a centre, cutting the reef out in sections, leav
ing pillars at stated intervals to support the crown.
EQUIPMENT.—The old equipment, consisting of a 40-stamp battery and 3,000 ton cyanide plant,
is taken over by the Minerva Company. The new equipment is complete and compact. The
SO-stamp battery is about 100 yards from the railway, and perhaps double that distance from the
station. It is by Fraser 80 Chalmers, with two No. 5 Gates’ crushers and stamps of 1,050 lbs.
The stamps are back to back, with ore-bins between. The mill engine will be a 200 h.p.
Walker, as will also be that of the 25-drill compressor. The boilers will be 6 of 100 h.p. by
Babcock &. Wilcox, in pairs, with 2 Green’s economizers, 2 draught-fans, and chimney stack
40 x 5. The engines will drive by ropes (but not endless ropes). Facing the battery are the offices;
from this point the engine-room is on the left of the battery, then the boiler-room. Behind them
(the whole being practically under one roof) are the workshops: the engine-room being 86 x 60,
boiler-room 96 x 48, stack-room (fans, etc.) 60 x 40, carpenters’ and fitters’ shops 180 x 34. All this
is in one block beside the battery. The carpenters’ shops have steam planing bench as well as saw
bench. The fitters’ shops contain a very powerful 21-ft. lathe and a 5-ton steam-hammer, so that
really big work can here be (and is) readily undertaken. The cyanide plant is at the back of this
block, and will be of 8,000 tons capacity, in two sets of 8 vats each of 200 tons, the one set semi
superimposed t0 the other, so that, with the projected double treatment, the upper set can be dis
charged by single bottom discharge (McBride’s patent doors) into the lower ones, which have also
a similar bottom discharge. The cyanide treatment is, of course, of paramount importance at this
mine, and will extend to 8 days. Beyond the cyanide plant is a dam 200 x 300 x 8 ft. (3,000,000
gallons capacity), which will be supplied with water by a pumping station on the Natal spruit
 H'ITWA TERSRAND MINES. 321

across the railway. The pump will be driven by electricity. Farther on will also be slimes dams
of large capacity. The tailings will be lifted from the battery by a 40-ft. tailings wheel, one of the
largest on these fields (there will be spitzkasten to separate the slimes, but no concentrating, as the
tailings really have this character already), and will be distributed in the vats by Roberts’ patent
(perforated) rotary distributors.
GENERAL REMARKS—From the results obtained the ore can be safely said to be of the value
of 27 dwt., and the average extraction of 70 per cent. is satisfactory, considering the extremely
refractory nature of the ore. During the last two years, of which the most reliable records are
on hand, the total yield from plates and cyanide amounts to as much as 18 dwt. per ton. Once
the treatment is perfected an improvement on the average profit should be made, as the extraction
of the gold will be increased by the double treatment; and although this treatment will take
eight days instead of four, the working cost will be rather less. It should be stated that this
mine, and consequently the Company, owes a great deal to the energy and perseverance of its
promoters, and the satisfactory results are to be attributed in a large degree to the efficiency of
the staff employed.

PAARL CENTRAL GOLD MINING AND EXPLORATION COMPANY,

LIMITED.
Formed in 1890.
CAPITAL—£200,000 in £1 shares; all issued and fully paid up.

Directors.
H. A. Roonns (Chairman), F. Ecxsrsm (alternate JAS. HAY), Ans BAILEY (alternate J. G.
CURREY), H. L. Scnourz, F. M. Wonnu'rsn, Orro Barr, and 0. D. HOPKINS.
London Committee.
0. Ross, J. Pannox, and S. Nsunass.
Manager. Secretary and Head Oflice.
Jams B. Lrrrnn. N. J. Scnourz, Johannesburg.
London Secretary and Ofire.
A. Mom, 120, Bishopsgate Street Within, E.C.

CAPITAL CHANGE AND HIs'mRY.—This Company is a successor of the 01d Pearl Pretoria
Gold Mining Company, which was formed in 1887 with a capital of £60,000, and held numerous pro
perties in the Transvaal. Its chief asset was, however, the western portion of the farm Langlaagte,
some 598 morgen (1,200 acres) in extent, and containing the Main Reef series: The 1111116 was
opened up, and a 30-stamp battery erected. The working capital being insufficient, a new Com
pany was formed in 1888 under the name of the Central Langlaagte Gold Mining Company, with a
capital of £200,000, the vendors receiving £30,000 in cash. This new Companytook over about
40 Main Reef claims, battery site on the eastern portion of the Pearl Pretoria prp‘perty, and
the mine and plant. The estate and claims remaining on the west were subsequently oated into
another subsidiary Company, under the name of the Lauglaagte United. The Central Langlaagte
in the latter part of 1889 lost part of its ground. The balance of the claims, together with the
assets owned by the parent Company (Paarl Pretoria) were then formed into the Paarl Central
Gold Mining and Exploration Company, Limited, of which the original capital was £450,000;
80,000 of the shares being held in reserve at the time. This Company did not come into exist
ence until the end of 1890. The Companies so amalgamated were the Langlaagte Central, which
transferred the Main Reef claims, mine and exploration plant; the Poortje Estate and Gold Mining
Company, with 1,180 acres of freehold ground in the Heidelberg district ; and the old parent com
pany, the Pearl Pretoria Company, with sundry assets. Besides these the three Companies brought
the whole of their remaining cash assets as follows: The Pearl Pretoria, £15,481 148. 941., the
Central Langlaagte Gold Mining Company, £2,203 158. 2d., and the PoortJe Estate Company,
£7,78) 12s. 8d., making a total amount of £25,466 28. 7d. When the amalgamation was agreed
to in May, 1890, it was understood that these cash assets would amount to about £40,000, while
the liabilities would not exceed £17,000, thus leaving a substantial surplus for worklng capital.
Towards the end of 1890, after all difficulties had been overcome, and the new Company finally
VOL. I. I
322 WIT WA TERSRAND MINES.

constituted, it was found that the liabilities of the Central Langlaagte amounted to £25,148 38. 2d.,
which, deducted from the above cash received, left only the small balance of £317 19s. 511. for work
ing capital. The distribution of shares took place as follows: Tothe Central Langlaagte Gold
Mining Company (receiving share for share), 200,000 shares; to the Paarl Pretoria Gold Mining
Company, 75,000 shares; and to the Poortje Gold Mining Company, 75,000 shares; besides these,
20,000 shares had to be given in settlement of the Central Langlaagte lawsuit, making 370,000
shares in all, and leaving 80,000 in reserve. So the Company found itself with no cash on hand,
and actually with a liability at the very start of its existence. At the beginning of 1893 the
Company had already borrowed over £20,000. On March 13, 1893, the capital was reduced to
£170,000, giving the old shareholders 111,000 shares, being at the rate of 30 new shares for every
100 old ones. Of the remaining 59,000 shares, 27,750 were offered immediately to the share
holders, pro rata to their holdings, at par, the issue being guaranteed at that, realizing £27,750.
The balance of 31,250 shares was held in reserve under option, however, to the guarantors of the
above issue, at par. This option was exercised, giving further capital to the amount of £31,250.
On December 27, 1893, the capital was increased to £200,000 by the creation of 30,000 new
shares guaranteed at par, over which an option was given to the guarantors until June, 1895.
As the increase of the capital could not be registered until this option was exercised, the capital
still appears in the last amounts to hand as £170,000 as the option was not exercised until the
early part of 1895. The total working capital supplied by the Company is therefore in all
£89,317 198. 5(I., and the present nominal capital £200,000, all issued.
ACCOUNTS AND FINANCEs—Accounts are made up half-yearly to June 30 and December 31
respectively. The last accounts to hand are dated December 31, 1894. Balance-sheet and profit
and loss account as at December 31, 1894 :—

Balance-sheet.
Liabilities. £ a. d. ' Assets. £ a. d.
To Capital account 170,000 0 0 1 By Property 126,(X)0 0 0
,, Loans and advances 37,136 9 2 , ,, Buildings... 9,990 10 0
,, Dividends unclaimed 393 11 6 | ,, Machinery and plant 44,454 15 7
,, Bills payable 4,581 11 2 i ,, Permanent works 16,474 3 10
,, Manager 152 10 9 | ,, Live stock, etc. 329 a c
,, Costs 10,378 0 2 1 ,, Stores in stock 899 15 4
,, Sundry creditors 4,741 11 8 1 , Furniture... 181 19 0
- l ,, Plantation account 2,447 18 6
i‘ ,, Standard Bank (balance
1 December gold)... 4,921 3 6
l ,, Sundry debtors 539 7 9
> ,, Profit and loss 21,144 14 5

£227,383 14 M5 £227,383 14 5

Profit and Loss Account.

D11 £ 8. (1. Cr. ' £ a. d.

To Balance 17,550 15 11 By Gold (mill)—
,, Mining and milling ex- 8,931'46oz.from 24,282 tons 31,047 5 9
penses 34,346 0 10 ,, (Cyanide)—
,, Cyanide expenses... 3,123 12 7 2,515'45 oz. from 16,130 tons 7,134 18 10
,, General expenses... 1,731 17 5 ,, Rent 60 0 0
,, Interest 2,634 12 3 ,, Balance June 30,
——~— ~ 1894 £17,550 1511
., Balance Dec. 31,
1894 3,523 18 6
__ 21,144 14 5
£59,386 19 0 £59,386 19 0

The net loss for the six months bein £3 523

onlyl188. 6d. , wh'1c h , if the heavy items
' '
for interest
paid is deducted’ would amount ‘to £889 6%
 WITWA TERSRA ND MINES. 3"’3

Statement of Revenue and Profit and Loss made since the inception of the Company.

i Revenuerfrom , ' 1 .

Period. i gold account and Rents. i Loss. 1 Profit. wrmen °fl'.°n

, tailings. i l , reconstruction.

December 1, 1890 , v 2 ,. a]? a} 11.41 s 11.1.,“ s s. a. a :11

To June 30,1891 1 8,216 8 41 - . 1,733 12 2, _ _
,, December 31,1891 I, 2,337 1 1 I - ; 2,006 1 2 | _ _
,, June30,1892 , 4,866 15 2 1 — , 1,324 6 6, — —
,, December 31, 1892 ; 19,087 13 11 i - 1 35 s 9 . - _
,, Mal-01131, 1893...‘ 1,309 3 6; _- 1 292015 95 _ 8,020 4 4
,,June30,1893 ...I» _ l5650, 4,996178, ._ _
,, December 31, 1893 ' — _ ‘ 75 0 O ‘ 15,473 19 6 | -— —
.,, June 30, 1894 ..., 39,636 17 0 62 10 0 1 _ 12,820 1 3 _
,, December 31,1894l 38,182 4 7 60 0 O I 3,523 18 6i -— —

Totals l113,696 3 725315 0 31,915 0 0,2,820 1 3 8,020 4 4

£ a. d.
The total revenue of the Company for the five years amounted to 113,949 18 7

,, loss ,, ,, ,, ,, 31,915 0 0
‘Less amount written of? March 31, 1893, on reconstruction 8,020 4 4

£23,894 15 8
Less profit made on June 30, 1894... 2,820 1 3

Balance of actual loss to December 31, 1894 £21,074 14 5

Up to the same date nearly £10,000 had been paid away in interest on loans and advances, and
misc an amount of £1,000 for preliminary expenses. From December, 1892, to December, 1893, the
mill was shut down, and this year accounts for the heaviest part of the loss made. The loss made
during the last half-year ended December 31, 1894, is due to striking a poor zone between the free
~milling and the blue rock about August, 1894.

Dennis or PRODUC'I‘ION.—Until quite recently crushing operations were carried on very

irregularly. In 1888 the parent Company, the Paarl Pretoria, crushed for seven months with a 30
:stamp battery. In 1889—90 the Langlaagte Central carried on active work for twelve months.
The present Company started, as has been shown, without working capital, but a loan was raised
and the available ore was crushed during 1891. At the end of the year extensive alterations were
taken in hand. The battery was removed from the old site, and again put up near the main ve'r
tical shaft. Its crushing capacity was much improved. A lofty head-gear was erected at the
:shaft, with a new crusher house and pumps. The mine development was also actively pushed.
During 1892 further additions were made to the plant, and the water service was improved.
Crushing with the improved mill began in May, 1892, and continued until December, when it was
found necessary to close down and reconstruct the Company. During 1893 further large additions
were made to the plant. Ten new stamps were added, new boilers, engines, breakers and pumps
purchased, and new shafts sunk. The dams were enlarged, electrical plant and air compressor put
up, and all the buildings rebuilt or improved. No crushing was done. Ten more stamps were
added by the end of 1894 in order to cope with the harder nature of the rock. The sorting floor
'was extended, and the plant generally perfected. Better results are therefore being obtained
from both mill and cyanide works. The battery building has been extended so as to have a
‘capacity of 60 stamps.
324 WITIVA TERSRA ND MINES.

Milling Returns : Tonnage Crushed and Yield from Mill.

Period. Tons crushed. Yield. Yield per ton.

1888. oz. dwt.

April to October—
Paarl Pretoria 6,596 ‘2,725 84
' 1889—90.
Twelve months— ‘
Langlaagte Central 25,221 9,235 7'3
1891.
Pearl Central _ 1 . 2,283 l -
1892.
May to December (182 days)... 21,623 ' 6,878 ' 6'3
1894. ’ ,
February to June 21,090 8,785 1 8-3
July to December 24,282 8,930 , 7'4

Totals 98,812 ‘ 38,836 l 7

Tonnage and Yield from Cyanide Works.

Period. I Tonnage treated. ( Yield. Yield per ton.

1894. ) oz. dwte.

March to June... 11,802 2,546 4'3
July to December 16,130 l 2,615 3-1
Totals .. . , 27,932 . 5,061 3'7

Details of Milling : Relurns and cost for 6 months ended December 31, 1894.

I Gold produced. Average

Month. Ore mined. Wastesorted.0re crushed. 1 7_ Milling cost. per stamp
‘ 1 Amount. Per ton. per day‘

1894. tons. tons. tons. oz. dwt. l a. d. tons.

July 5,697 , 1,627 4,070 , 1,847-93 908 V 2 5-1 360
August 5,603 1,625 , 3,908 . 1,447-83 7-40 2 9-2 3-42
September 5,008 , 1,165 . 4,003 I 1,610-75 8-04 2 8-7 3-51
October 5,431 ‘ 1,248 4,183 ‘ 1586-75 759 2 9-1 348
November 4,527 1 832 3,695 1,251-40 6-77 3 1-7 336
December... 5,366 f 243 4,423 1,186-80 5-37 3 1-1 338

Totals 31,722 ‘ 6,740 24,282 { 8,931-46 ‘ 7-35 \ 2 9-8 3—46

 new-1 15555
,- ",._',\
Or ‘I'll;
UNIV LT: 5111f
WI T WA TERSRA ND MINES. 51.6%,... 325

Cyanide Works.
, VGoldi recdvered. Cost.

Mb- I 1"“.25' * i" if...‘ '1??—

'ea or n er n .
7 P ..
or n
Amount‘ milled. cyanided. Per ton mined‘ cyanided

1894. ‘ tons. oz. dwt. dwt. s. d. a. d.

July 5 2,865 683'70 3'66 477 2 4'0 3 3'8
August , 2,820 502'20 2'57 3'56 2 3'0 3 1'5
September . 2,695 555'65 2'77 4'12 2 7'7 ' 3 10'9
October I 2,500 238'70 1'14 1'91 2 4'1 3 110
November 2,520 254-80 1'38 2'02 3 3'7 4 102
December 2,7330 280'40 1'26 2'05 2 7'2 4 2'6

Totals l 16,130 2,515-45 2-07 3-12 , 2 6-8 3 10

The total working cost stands at 306. 9d. per ton milled, including development, maintenance,
milling, and cyaniding ; which shows an increase over the previous half-year of a little over 49.
This is accounted for by the fact that formerly all the stoping was in free milling ore and with
big reefs, whereas now all the stoping is done in blue rock and with narrow reefs.
PROPERTY.—Consists of: (1) The farm known as Poortje Estate, which is situated near the
town of Heidelberg, and has an extent of 1,180 acres. It has not been prospected for gold, though
a reef exists. About half a million trees have been planted, which are thriving well. Some of the
trees have already been used for mining purposes, and were as such put in at a low estimate of
48. each. (2) The mining property on Langlaagte, situated between the Langlaagte United and
Langlaagte Royal properties, about 3 miles west of Johannesburg. The property is 1,800 ft., or
12 claims in length, measured on the strike of the beds. The total number of claims held is 39,
but the area held north of the outcrop is about 10 claims in extent, which reduces the valuable
reef-bearing ground to 29 claims. Those are made up by a line of 12 claims on the outcrop, 12
claims on the dip on the second line, and 5 claims on the third line at the extreme western end
of the ground. The western end has 1,200 ft. and the eastern 800 ft. of dip ground. The reefs
dip as usual to the south, the inclination near the surface at the eastern end being 60°, and at the
western end 46°. If the proposed purchase from the Rand Mines, Limited (referred to below), is
carried out, the Company will have 56 reef claims. Water-rights: The water supply is good, and
the Company owns a large dam, jointly with the Langlaagte Estate, which has one-third interest
in the water. The dam has a capacity of about 42,000,111) gallons. Tailing dams are also pro
vided for the settlement and storage of the tailings and slimes. (For plan, see Volume III.)
. MIXING INTELLIGENCE—Reefs.‘ Two reefs, striking east and west, known as the Main Reef
and the South Reef, have been developed. The Main Reef varies in thickness from 4 to 9 ft. The
gold contents are rather uncertain, but as usual the bulk of the gold is contained in the Main
Reef Leader. From 3 to 5 ft. are stoped. It is poorest about the centre of the ground, improving
in quality on the east and west. The South Reef is 50 ft. south of the Main Reef. Its thickness
also varies, being sometimes as much as 12 ft. from foot to hanging-wall. Only the foot-wall section
is worked, as the South Reef Leader is found in the foot-wall separated from the main body by a
varying thickness of sandstone, from a foot to 6 ft. wide. About 2 ft. 6 in. is stoped. The gold
value is usually high, as in most Rand mines. An intrusive dyke has caused an over-thrust in
the beds in the eastern portion of the mine, duplicating the reefs. The dyke runs east and west
parallel with the reefs for two-thirds of the outcrop length, and then bends at right angles to the
north, causing a fault which has thrown the western section of the outcrop about 180 ft. to the
north. This has led to the development of the mine in two sections.
DEvEnoPMEx'n—The eastern section has been developed by a main vertical and incline shaft
situated 380 ft. south of the outcrop of the Main Reef. The shaft is provided with the usual
cage-ways and ladder-ways, and is sunk to a vertical depth of 333 ft. At 299 ft. the Main Reef
was cut, the shaft being continued for a sump. At 190 ft. in this shaft the South Reef was cut,
and an incline shaft sunk upon it. This incline shaft was 500 ft. deep at June 30, 1894,
measured on the incline. At this depth the 5th level is set off, the drives on which are in pro
gress. This level is connected with the bottom of the vertical shaft by a cross-cut, and corresponds
to the 4th level on the Main Reef. It is necessary to bear in mind that the two reefs have been
separately developed from this shaft, the Main Reef by cross-cuts from the vertical section, and the
South Reef from the incline section. In the western portion of the mine two shafts have been
3 26 W1 TWA TERSRA ND MINES.

sunk. No. 2 is on the South Reef, and four levels have been driven from it at an average dis
tance of 100 ft. On the 2nd level it is connected with the main vertical shaft in the eastern
section of the mine. No. 3 shaft has been ‘sunk on the Main Reef north of No. 2. Three levels
have been driven from it, and it is connected with No. 2 by cross-cuts.
Since the above was written, development has been pushed on, and shaft No. 1 continued to 6th
level. On December 31, 1894, the 2nd level became exhausted. In 3rd level there was still about
300 ft. of drive with 100 ft. backs untouched. On the 4th level 391 ft. driving has been done. The
average width of the leader in this, level is 16 in. with an average assay of 2 oz. 16 dwt. On the
5th level the drives have 415 ft. in length. The average width of the leader is 10 in., with an
average assay value of 1 oz. 18 dwt. 12 gr. The winzes below this level, although not showing an
increase in width, still show an improvement in value, as assays give an average value of 4 oz
6 dwt. No. 2 shaft was at date of December 31, 1894, at 540 ft. on the incline. In No. 2 level
there is still a considerable body of ground intact ; the leader does not, however, run over 8 in. in
width. On the 3rd level there is about 400 ft. to stope, the leader assaying well but being small,
about 6 in. only, with an average assay 7 oz. 14 dwt. At 4th level the leader improves in width
up to 10 in., assaying 3 oz. 3 dwt. 9 gr. 5th level was only started about this date.
The following work has been done during the half—year ended December 31, 1894 :—

Month. Sinking. ‘I Driving. Cross-cuts. Raises and winzes. Total.

July ..j 84 ,i 300 20 12s., ‘ 533

August 67 j 196 15]! 137 416
September 19 i 185,} 16 153.} 374
October ‘ s7 ; 223 84 a 124; 468;
November i 22 a 197.1, 114 1015 435
December 1 611; , 167.5 57.1. v 157 443;.
Totals ! 290.} 1 1,270.; 307 1 802 2N0
The ore—reserves at sight at the end of the 6:1011'5118 were estimated as follows :—
. Tons.
Main Reef 19,142
South Reef 53,100
Total 772,242
which, sorting deducted, will fully meet mill requirements for one year to come. The former sorting
percentage was 234 per cent., but, since the blue rock has been reached, very little sandstone comes
away, and, the foot-wall having been found to contain good gold for several inches, too close sorting
has not been found advisable.
EQUIPMENT.—-The battery plant consists of 50 stamps, of heavy class, with Challengp feeders,
driven by a Corliss engine of 95 h.p. ; a 60 h.p. Globe engine; 7 boilers, 4 being of 65 .p. each,
from Fraser & Chalmers; Green’s economizer and smoke-stack, 100 ft. by 4 ft. 6 in. 2 Elwell
Parker dynamos and electric light installation; a cyanide plant of 4,000 tons a month capacity,
direct filling, with 36—ft. tailings wheel; a complete assay plant and other requirements. The
mine plant includes surface and underground tramlines; 4 winding engines; 2 pumpin engines;
one 10-in. and one 8-in. Cornish pump ; a treble-barrel plunger pump driven by e ectricity ;
headgear 65 ft. in height, with Gates crusher, sorting-floors, ore- and waste-bins; smaller head
gears, with skips, cages, etc. ; a lO-drill Hirnant compressor, and very complete blacksmiths’, car
penters’, and fitters’ shops, provided with machine tools. The buildings include a compound for
bill) natives, dispensary, manager’s house, workmen’s quarters, and other buildings covering the
p ant.
GENERAL REMARKs—The great drawback of this property in the past has been the lack of
funds. It was formerly worked on borrowed capital, and has paid away nearly £10,000 in interest.
The average mill yield is about 8 dwt., and from cyanide about 3'5 dwt. With the Rand Mines 27
claims included, the Company has at least 45 claims unworked. The Poortje Estate property
will soon begin to make returns, for the 600,000 trees will be available as timber within the next
two years. These trees have been valued at 28. 6d., and at that they represent a sum of £75,000 or
375 per cent. on the capital of the Company.
In November, 1895, a meeting is to be held to consider a proposal for increasing the capital to
£400,000. Of the 200,000 new shares, 160,000 are to be given to the Rand Mines, Limited, for 27
claims south of and adjoining the Main Reef block new worked, and 40,000 will be offered to the
shareholders p'ro rain at 358., the issue being guaranteai by the Rand Mines.
 WITWA TERSRA ND MINES.

PALMIET ESTATE AND GOLD MINING COMPANY, LIMITED.

Formed in 1889.
CAPITAL—£250,000 in £1 shares; 248,250 shares issued and fully paid up.
Dircclors.
P. F. PAYN, K. H. HATHORN, E. M. GREENE, J. \V. Pamsox, Jonx FREEMAN, and
C. J. PRITCHARD.
Johannesburg Board.
C. J. PRITCHARD, and J. W. Psrasox.
Secretary and Head Ofiee.
C. E. TAUNTON, Pietermaritzburg, Natal.
F1NANCns.—Appropriation of Capital .' Vendors, £210,000 ; working capital, £30,000 ; reserve,
£10,000. Total, £250,000, 8,250 of the reserve shares were applied to the purchase of the Monarch
property. Financial Position: Cash in hand, about £13,000.
PROPEM‘Y.-—Tl16 original property. Palmietfontein No. 1, district of Heidelberg, was aban
doned in 1891, and the Monarch property was sold for £2,000 in 1895.
GENERAL RaMAaKs—The Company is to be liquidated, and will pay out about la. 1d. per
share.

PLEIADES GOLD MINING COMPANY, LIMITED.

Formed in March, 1895.
CAPITAL—£175,000 in £1 shares; 140,000 shares issued and fully paid up.
Directors.
S. B. JOEL (Chairman), W. H. ADLER, S. H. FARRAR, J. FRIEDLANDER, and JOHN TUDHOPE. -
Secretaries and Head Oflice.
Johannesburg Consolidated Investment Company, Limited, Johannesburg, Transvaal.
London Secretaries and Ofiit‘e.
Johannesburg Consolidated Investment Company, Limited, 7, Lothbury, E.C.
CAPITAL.—The vendors received 100,000 shares for the property, and 40,000 were taken up
privately at par, providing £40,000 of working capital.
PROPER'rY.—187 claims in triangular form at the western side of the farm Roodekop, Heidel
berg district. The Orion property adjoins on the east, and the Henderson’s Transvaal Estates
Company’s Palmietfontein block on the west.
GENERAL REMARKS. — Instead of boring to locate the Black Reef, the directors sunk
several shafts. These have not, as yet, intersected the reef.

PORGES RANDFONTEIN GOLD MINING COMPANY, LIMITED.

Formed in March, 1895.
CAPITAL—£500,000 in £1 shares ; 437,500 shares issued and fully paid up.
Directors.
J. W’. S. LANGERMAN, JAMES FERGUSON, and SPENCER F. FLEISCHER.
London Agents.
SIMON MARCUS and Joan H. Burr.
Secretary and Head Oflice.
Johannesburg, Transvaal.
London Secretary and Oflice.
J. ROBERTSON, 8, Princes Street, E.C.
Paris Agents and Oflicc.
Société Générale, 54, Rue de Provence, Paris.
CAPITAL APPROPRIATION.—T0 the Randfontein Estates Gold Mining Company for mynpacht
No. 164, with the Rietpan mine, battery, cyanide works, machinery and plant, 350,000 shares: to
the other vendors, 37,500 shares; working capital, subscribed at per, 50,000 shares; held in re
serve, 62,500 shares. ‘
PRoPER'rY.—Mynpacht No. 164, together with claims to the east, covering the dip; the
328 WITWA TERSRA ND MINES.

total being 311 claims. The length on the line of reef is 5,880 ft. The property is situated
on the farm Randfontein, West Band, and is situated between mynpacht No. 165, on the south,
and the North Bandfontein Gold Mining Company on the north east. (For plan, see Volume III.)
MINING INTELLIGENCE—On the mynpacht is situated the Rietpan mine, formerly worked by
the Randfontein Estates. This mine was taken over by the Company at the beginning of April,
1895, there being no stoppage of work whatever. The Randfontein Leader passes through the
property for nearly a mile, and 5,000 ft. of it has been opened up. Up to August 31, 1895, this
mine had yielded a total of 111,007 oz. from 204,913 tons, an average of 1008 dwt. per ton.
During the three months to August 31, 1895, 11,971 oz. were produced from 19,048 tone, or
12.1; dwt. per ton. For a full description of the mine, see the notice of the Randfontein Estates
Gold Mining Company. For particulars of past production, see the production-tables at- the end of
this volume under Randfontein Estate and Porges-Randfontein respectively.
The nature of the reefs, as contained in the subdivided portions of the Randfontein Estate, now
known as the Porges Randfontein Gold Mining Company, the North Randfontein Gold Mining
Company, and the Robinson Randfontein Gold Mining Company, is identically the same on the
whole of the lateral extension of the three portions, which adjoin each other in the. order above
mentioned, from south to north. The Porges Randfontein is practically the old mine as opened up
and worked by the Randfontein Estate, and the results obtained in this mine are the basis of the
development of the other portions as well. The reefs run through the whole extent of the
properties, practically from north to south, the outcrop on the Porges Randfontein exceeding
6,000 ft., on the North Randfontein 3,170 ft., and on the Robinson Randfontein 6,000 ft. All
remarks as to thickness of reefs, dip, and assay value are therefore applicable to the three properties.
The reefs at present knownare two in number: (1) The Randfontein Leader. (2) A large body of
conglomerate with small pebbles, known locally as the Main Reef. The Randfontein Leader forms
the foot-wall of the Main Reef, from which it is separated by a distance varying from a few inches
to 10 ft. The Main Reef has not proved, up to the present time, to be of a sufficiently payable nature
to justify its development. It is, however, intended to further test its value. The Leader varies
in thickness from 1 to 6 in., and is stoped for an average thickness of 2 to 2 ft. 6 in. At
this width its assay value is 20 dwt., and in extraction 9 dwt. 10 gr. have been obtained from
the mill, and 3 dwt. by cyanide treatment; total, 12 dwt. 10 gr. There are no faults or dykes
of any importance, and no particular difliculties present themselves in mining. Mining is done
by five shafts; two incline, two vertical, and one main vertical, now being sunk. When
the last mentioned is connected with the work, it is contemplated to abandon the two incline
shafts, or to keep them open only for development work, haulage being done at the main'incline.
Four levels have been sunk, two of which (Nos. 1 and 2) are driven through the property from
boundary to boundary. The third level is driven from the southern boundary to within 1,000 ft. of
the northern. The fourth level is driven for a length of 1,600 ft., and is being opened in No. 1 and
No. 2 shafts. The ore in sight represents approximately 80,000 tons, and this reserve is being
gradually increased. In the opinion of the management it is anticipated that with the development
done the production will be largely increased, and, with this in view, steps are being taken to
enlarge the stamping power so as to meet the demand of the large area now being opened up. 40
more stamps are being ordered.
EQUIPMENl—NO. 1 Shafi: Eastern portion of property. No. 1 Incline shaft, 12 x 6 ft;
depth, 241 ft.; two hauling ways and pump- and ladder-way; wooden head~gear, 25 ft.; one 20 h.p.
Tangye hauling engine; one 50 h.p. Tangye multitubular boiler. In the mine: One 4-in. duplex
Tangye pump: one 2§-in. special Tangye pump, steamed by the above boiler. N0. 2 Incline
Shaft: Central portion of property. Depth, 294 ft.; size, 16 ft. x 6 ft., divided into three com
partments; one Robey iron head-gear, 25 ft.; one 9 in. Cornish pump, and 20 h.p. pumping
engine; one 20 h.p. Robey windin engine; an air compressing plant, 10 drills; one 25 h.p.
Marshall’s locomotive boiler ; one 20%.p. Robey locomotive boiler; one 50 h.p. Ruston-Pmctor boiler.
In the mine: One 4-in. duplex Tangye pump; two 2§-in. special Tangye pumps; one 8-in. Knowles
plunger pump, steamed by the above boilers. N0. 3 Vertical Shaft: 12 ft. x 6 ft., divided into
three compartments; depth, 312 ft.; one 35 ft. Robey iron head-gear, with safety cages; one
12-in. Cornish pump, driven by one 12 x 26 Tangye geared engine; one 20 h.p. Marshall winding
engine; one 60 h.p. Robey air compressing plant, 10 drills; one 109 h.p. Babcock & Wilcox boiler;
four 25 h.p. Robey locomotive boilers. Immediately below the head-gear is erected the sorting floor,
where the ore will be passed over grizzlies and sorted by hand. New Main Vertical Shaft : Depth,
235 ft. ; size, 18 ft. x 6 ft., divided into four compartments, three hauling and one pump- and ladder
way; wooden head-gear, 25 ft.; one 20 h.p. Davey Paxman winding engine; one 30 h.p. Marshall
locomotive boiler; one 25 h.p. Robey locomotive boiler; one 20 h.p. Robey locomotive boiler. In
the mine: Two 12 x 10 x 6 special Tangye pumps; two 12 x 4 x 7 special Tangye pumps, steamed
by the above boilers. The equipment of this shaft is being replaced by one 45 h.p. compound
condensing Davey Paxman hauling engine; one lO-in. Cornish pump and pumping engine; one
 WI TWA TERSRA ND MINES. 329
Alliss compound condensing air-compressing plant of 25 drills capacity; two 109 h.p. Babcock &
Wilcox boilers; two 115 h.p. Root’s boilers; two 11:’) h.p. auxiliary boilers.
Mill : 60 stamps Fraser & Chalmers’—1,0001bs.—-fitted with “ Challenge ” ore-feeders and ore
bins; 24 frue vanners; one 25-ft. tailings wheel, lifting the pulp into three settling pits; one
16x42 in. Fraser 82. Chalmers Corliss condensing engine; three 60 h.p. Fraser do Chalmers
boilers and Green’s economizers; 1 auxiliary vertical Tangye engine, driving 2 Scott's and
1 Woodhouse & Rawson dynamos for lighting purposes. Above the mill are erected the crushers,
this plant consisting of 3 Blake N0. 4 stone-crushers. The mill engine will be shortly replaced
by one 250 h.p. driving-engine.
Cyanide Works: 12 leaching vats, 80 tons capacity, fitted with bottom discharge; 4 solu
tion vats, 80 tons; 2 mixing vats; 3 concentrates leaching vats; 4 extraction boxes; 1 centri
fugal pump for pumping the solution. This pump is driven by an electric motor by Woodhouse &
Rawson. This motor also drives a small mill for reducing the slags.
Water Service: Water is obtained from the Company’s dam, 1,500 ft. below the mill. The
plant consists of one 20 h.p. Tangye 12 x 22 in. pumping engine, coupled to 2 Tangye pumps of 9
and 6 in. respectively; and one 50 h.p. Tangye multitubular boiler. The water is conveyed to a
reservoir above the mill by 2 delivery pipes of 6 and 9 in. respectively.
Haulage: The natural slope of the ground from the mine to the mill and cyanide works
allows all haulage to be done by gravitation, the empty trucks being returned by mule haulage.

PRINCE'S GOLD MINES, LIMITED.

Formed in August, 1805.
CAPITAL—£130,011) in £1 shares.
Directors.
Loan DE L’IsLE AND DUDLEY (Chairman), E. R. Cn'muns, IlI‘.-COL. H. H. ROUTLEDGE, and
EDMUND STANLEY.
Johanrwsburg Committee.
W. T. H. FRos'r and L. LOEWENTHAL.
Secretary and Ofiice.
W. R. CALDWELL MooRE, Palmerston Buildings, Old Broad Street, E0.
CAPITAL—The vendor (Mr. E. T. Stanley) received £80,000 for the property.
PROPERTY.—36 claims (Nos. 3426—51 and 2364-73) known as Prince’s, situated at the south
eastern portion of the farm Luipaard‘s Vlei, West Rand, and extending into the farm Witpoortje.
The South Luipaard’s Vlei property adjoins on the south-west, and the Rip Gold Mining Company's
ground is to the north-east. Johannesburg is 11 miles to the east. (For plan, see Volume III.)
GENERAL REMARKs.—It does not appear that any work has yet been done. The ground is on
the dip of several banket reefs, including the Fern, Battery, and Ethiopian. The Company looks
mainly to the Fern Reef, which it expects to reach either near the surface or at a moderate depth.

PRINCESS ESTATE AND GOLD MINING COMPANY, LIMITED.‘

Formed in October, 1888.
CAPITAL—£165,000 in £1 shares; 160,000 shares issued and fully paid up.
Directors.
\V. H. ROGERS (Chairman), A. BRAKHAN, A. EPLER, R. G. FRICKER, H. E. STIERLIN, and
I. FRIEDLANDER.
Trustees of Ike Company. London Comm ittec.
W. H. ROGERS and A. EPLER. W. P. Tnonrsos and E. WEBB.
B01‘!in Committee.
KARL SCHRADER, DR. A. W’. KASTAN, and BERNHARD DERNBURG.
Secrclary and Ifend Qfiice.
P. BOTTOMLEY, P. O. Box 1366, Johannesburg.
London Secretaries and Oflicr'.
Transvaal Mortgage, Loan and Finance Company, 33, Cornhill, E.C.
Berlin Ofiice.
Deutsche Treuhand Gesellschaft, Behrenstrasse 9, Berlin W.
CAPITAL CHANGES—Original, £125,000. In July, 1889, increased to £150,000. In July,
1890, reduced to £45,666, and simultaneously increased to £80,000. On October 11, 1894, the
330 W] TWA TERSRA ND MINES.

Company was reconstructed in the following manner, the capital being increased from £80,000
to £140,000, with a further right to increase the capital to £165,000 without calling another
meeting of shareholders to sanction each increase. On increasing the capital from £80,000 to
£140,000, 60,000 £1 shares were created, of which 45,000 shares were offered to shareholders at
par (for a period of 21 days from October 11, to shareholders registered on October 20, 1894). The
issue was guaranteed, and in consideration thereof the guarantors had the right (for a period of
12 months dated from October 11, 1894), firstly, to take up 3,000 shares at par (on or before De~
cember 18, 1894, which was exercised), which were the reserve in the capital of £80,000 ; secondly,
(from October 11,1894) for a period of 12 months the right to take up the remaining 15,000
reserve shares at par, with a further right to increase the capital from £140,000 to £165,000 by
creating 25,000 £1 shares, of which the guarantors also had the right to take up 20,000 shares at
par within 12 months from October 11, 1894, leaving 5,000 shares, which it was resolved should
remain in reserve for future issue. In consideration, therefore, for guaranteeing the issue to share
holders of 45,000 shares at par, the guarantors received a free option to take up 38,000 shares at
par, 3,000 within 2 months and the remainder within 12 months from October, 1894. As the shares
are standing at a high premium it is more than probable that all options have been or will be
exercised, and that the issued capital will stand at £160,000.
ACCOUNTS AND FINANCE—Accounts are made up annually to August 31, and submitted in
October. Extracts from balance-sheet and profit and loss accounts at August 31, 1894 :—
Ba lance-sheaf .
Liabilities. £ a. d. Assets. £ a d.
To Capital accountshares£80,000
Less reserve 3,000 l. By Gold transit
,, Property account
account 3,568 0
45,766 3 90
-—— 77,000 0 0 1 ,, Dam and service reservoir 3,200 0 0
,, Bills payable... .,. 1,270 7 1 , ,, Machinery and plant 32,242 0 0
,, Sundry creditors 2,256 8 7 ,, Cyanide plant 5,753 0 9
,, Wages due, unpaid, August ,, Buildings 5,190 0 8
31,1894 993 19 6 , ,, Permanent works ' 9,408 11 11
,, A. Goerz & Co. loan account 30,000 0 0 1 ,, Mine development 6,515 11 4
~e—~~——~ ,, Exploration account 1,357 10 0
111,520 15 2 ,, Stores 1,845 15 4
Profit and loss account balance 5,599 17 4 ,, Live stock and furniture 209 15 7
,, Sundry debtors 621 18 11
I ,, Cash in hand 1,442 4 3
‘ £117,120 12_6 ] £117,120 12 6
Profit and Loss Account.
Dr. £ 8. (1. Cr. £ 8. d.
To Mining expenses 19,726 19 2 By Balance 5,704 1 1
,,,, Maintenance...
Milling expenses 3,982
3,095 14
16 113 ,,,, Cyanigde
Mill ldaccount
account iretums 39’83‘. 7 n
,, Redemption 7,742 18 4 ,, Transfer fees 31 2 6
,, Cyaniding 2,272 19 7 ,, Estate returns—
,, General charges 2,682 13 9 Licenseaocount £2,020 3 10
,, Sundries 1,692 18 0 Rental for water 1,075 0 0
,, Interest 1,870 18 0 _ 3,095 3 10
£43,067 18 0
Balance 5,599 17 4

£48,667 15 4 £48,667 15 4

At the end of 1893 a loan of £30,000 was raised from Messrs. A. Goorz & Co. for the purpose of open
ing up the mine. This however was not suflicient, and in order to repay this loan and to obtain
further working capital, the capital of the Company was practically increased to £140,000, with
power to further increase to £165,000. The property appears in the balance~sheet at a low figure,
viz. £45,766. Considering that the property is 3,000 acres in extent, and that in addition to the
portion now being worked (eastern portion) there is about 1,900 ft. on the strike of the reefs in the
western portion, and another mynpacht on the property which so far has not been touched; and
also taking into consideration that a revenue of about £3,000 a year is derived from claim licenses
 IVITWA TERSRAND MINES. 331

and rents, the low amount credited to property account justifies the procedure that no deprecia
tion on machinery and plant is written off at this stage. Milling operations were carried on for
eight months (January to August, 1894), whilst the cyanide works had then been at work for four
months only, yet the expenditure has nearly been covered by the revenue.
Rn'cnuefi-om Gold Production and other sources, and Profit and Losses made.
Gold sales. Other revenue. Net profit and loss.
8. d. a. d. s. d.
Year ending August 31, 1891. 35,899 0 0 1,682 0 0 Profit 730 0 0
,, ,, 1892. 35,402 0 0 2,154 0 0 ,, 3,587 0 0
,, ,, 1893. 12,117 0 0 2,532 0 0 Loss 6,399 0 0
,, ,, 1894. 39,837 7111 3,126 0 0 ,, 104 0 0
September, 1894. 5,818 2 0 233 3 4 ,, 599 18 1
October, 1894. 5,618 0 0‘ 233 3 4 ,, 850 14 6
November, 1894. 5,939 13 6 233 3 4 ,, 315 2 5
December, 1894. 6,476 11 0 233 3 4 Profit 192 0 7
January, 1895. 6,887 13 6 233 3 4 ,, 702 2 7
February, 1895. 6,239 16 9 233 3 4 ,, 652 4 7
The revenue from water-rents and licenses varying considerably for different months, the
average of the annual receipts under this heading has been adopted in the monthly accounts
rendered. The new works are being completed, and are located near the centre of the property to
the north of No. 2 shaft. They will consist of a central steaming station, the compressor plant, a new
30 heavy stamp battery, engines, electric installation for power and light, and complete workshops.
The reduced tonnage worked in the cyanide works during February, 1895, is due to a longer time
of crushing being allowed, by which the percentage of extraction has been materially raised. The
extension of the cyanide works, with a view to treating about 3,000 tons under the new conditions,
is well in hand, and will increase the profit under this head proportionately. -
MILLING Rrsours.

Date. Tons. , Ounces. ‘ Average per ton.

1890 , 15,631 8,727'14 , 1 11'17 dwts.

1891 ,‘ 35,243 I 8,765'10 J 4'97 ,,
1892 37,178 8,375'3 4'50 ,,
1893 (imtil Sept.) 2,472 | 756'? _ 6'11 ,,
1894 21,613 ! 10,164'17 9'40 ,,
112,137 | 36,788'41 f 7'23 dwt.

Date. Tons. Ounces. Per tern.

1894. .
January... i ' 1,421 570'18 8'03
February . .. ... . .. 1,696 722'11 9'11
March 2,065 941'15 9'12
April 2,380 1,130'5 9'45
hiay . . I 2,621 1,157 11'88
June ... 2,647 1,275'5 9'66
July .. 1 2,868 1,376-18 9'59
August 1 2,884 1,383'6 9'59
September ' 3,031 1,216'19 8'02
October 3,111 1,212'58 7'80
November 2,875 1,307'20 9'09
December 2,934 1,381'47 9'41
1895. !
January... 2,960 1,448'83 i 9'79
February 2,943 1,421-74 | 9-65
36,436 I ' 16,544-23 ' 9-3
332 W] TWA TERSRA ND MINES.
CYANIDE.

Date. Tons. Ounces. Per ton.

1894. 4 I
May 2,671 462 - 3'46
July
June ' ' 2,725
2,834 ' I 471
762 ‘1 5'37

August ' 2,493 I 567 4'54

September I 2,725 I ' 438'10 ‘ ' 3'21
October .,. ' 2,943 I 377 ' 2'56
November ‘ 2,834 367'7w 2'59
December . 2,834 455 321
1895. ‘
January ... .. . ... 2,834 . 509 3'59
February .,.. _ 1,526 226'46 4'27

WORKING Expenses.

MiniJig I Red M _ G l dMine i

UC- am- ,1 enera .
Dato. ;:m_ tiom temmcm charge_ "1:13:12: Interest. Cyanide. I Total.
, ming. , demption. . ‘I

1894. s. d. s d. s. d. I s. d. s. d. " s; d. s. d. s. d.
May I 19 4'5 | 3 10'9 2 9 , 2 5'5 8 4 1 8'6 5 7'3 44 1'8
June I 18 6'2 I 3 10'4 2 3'5 ‘ 2 6'5 8 4 1 8'6 5 1'1 42 4'3
July 1810-3 3 6'5 2 as I 2 a s 4. 16'8 s so 43
August 21 3'5 3 111 3 5'9 I 2 3'4 8 4 1 6'8 5 5'3 46 3'7
September 19 0'9 3 5'3 4 9 I 2 2'1 8 4 1 5'7 5 1'7 44 4'7
October 1910 I 3 4-3 a as I 2 1-9 s 4;, 1 5'6 4 so 43 4-2
November .21 36 3 6'6 3 3'4 I 2 6'0 8 4; ' 1 2'08 5 0'8 > 45 2'48
December .21 65 I 3 9'6 2 11'5 I 2 3'3 8 4 . 0 4'74 5 4'2 44 7'84
1895. : I
January 20 0'5 ‘ 3 10'1 3 4'5 I 2 8'9 8 4 V —- 5 3 43 7
February ‘ 19 0'8 3 7'3 2 6 I 2 4'5 8 4 I — 7 1 42 116

DESCRIPTION or run Pnoran'rix—Lcmlity: Situated on Roodepoort, about 12 miles west of

Johannesburg. The Company owns an estate of 4,000 acres, and 2 mynpachts of 200 acres each.
No. 1 mynpacht is on the line of the Main Reef series, while No. 2 is situated about 4,500 ft. to the
north. The Company has a water-right some 3 miles in length, and a large dam holding
50,000,000 gallons. - The estate brings in an annual income of £3,000. (For plan, see Volume III.)
MINING INTELLXGENCE.— Workings: The principal workings are on No. 1 mynpacht, which
is bounded on the east by the Roodepoort United Company and the Roodepoort Deep Level, and
on the west by the Banket Gold Mining Company. The length on the line of reef is 4,300 ft.,
with 2,140 ft. of dip ground, or in size equal to 153 claims, of which 142 claims are upon the South
Reef. Dip of Reef: Average about 20°. Reefs: As yet, the South Reef is the only payable reef.
Mine: The mine is being worked by two vertical shafts. No. 1, east shaft, is situated 430 ft.
from the east boundary, and cuts the South Reef at 130 ft. The 130 ft. level is reached by a
cross-cut to the south. This shaft was discontinued, but an incline was started from the end
of the cross-cut, and has been carried down 100 ft. below 350 ft. level. At the 350 ft. level
the leader averages about 2 in. in size. The assay value of this level, for a width of 6 in.
is about 76 dwt. The stopes are about 4 ft. wide, but about 50 per cent. of the ore is sorted
out, so that if 2 ft. are sent to the mill the average would be over 18 dwt. A winze is being
sunk down to the 450 It. level; the assay value is'56 dwt. for 6 in. 250 ft. level: The cast
drive is in 360 ft. The reef varies from 2 to 6 in., and assays 2 oz. 11 dwt. for 6 in., or for 2
ft., 13'29 dwt. The west drive is in 260 ft. The value of the ore exposed in this level is 48 dwt.
for 6 in., or 12 dwt. for the stoping width. At the end of the drive a cross-cut has been driven
due north and has picked up the reef, which had been faulted for 160 ft. 150.ft. level uThis. level
was opened for 655 ft. The ore is stoped out down to the 250 ft. level. An incline was started
 WI 1 WA TERSRA ND MINES. 333
455 ft. west of No. 6 shaft, and carried down on the South Reef. This part of the mine has
for the present been abandoned. No. 2 shaft, west: Sunk 500 ft. west of the incline shaft. The
150 ft. level is reached by a cross-cut south of about 85 ft., and as at No. 1 shaft, the shaft
was continued on the South Reef from the end of the cross-cut. This shaft is now down to the
350 ft. level. The 250 ft. level has been opened west for 350 ft. The reef is about 6 in. wide;
average width, however, about 2 in. The average value is over 3 oz. for 6 in., or over 15 dwt. for
2 ft. 150 ft. level: To the west, driven upon for 500 ft. The assay value of this level is 45 dwt.
for 6 in. Each of the shafts on the reef has been extended to 350 ft. The assay value is 3 oz.
17 dwt. for 6 in., or 1714 dwt. for 2 ft. Two winzes are being sunk to the 350 ft. level.
The greater portion of Main Reef in sight will yield between 4 and 5 dwt. over the plates, as
compared with 9 to 10 dwt. from the South Reef. The latter has therefore been worked principally.
A shoot on the Main Reef, assaying 52 dwt. over 1 ft. width, has been struck and will be developed,
but no importance was attached to this. The South Reef maintains a fairly uniform milling value
throughout the mine, and amongst the highest assays of rock in view are some at the deepest point,
or 350 ft. level, averaging 111 dwt. per ton over 6 in. width.
ORE-RBsERvEs—On August 31, 1894, the ore in sight amounted to :—~
South Reef 9,722 tons.
Main Reef 2,428 ,,

Total 12,150 tons,

or equal to about 4 months mill requirements.
GENERAL REMARKs.——Development is proving the reefs to be less disturbed in the lower
levels. The reefs are narrow, as in the case of the Durban Roodepoort and the Roodepoort United}
but, as in these instances, they should prove profitable with skilful and economic management.

RANDFONTEIN ESTATES GOLD MINING COMPANY, WITWATERSRAND,

LIMITED.
Formed in 1889.
CAPITAL—£2,000,000 in £1 shares ; all issued and fully paid up.
Directors.
J. B._ RonINsoN (Chairman), J. W. S. LANGERMAN (Vice-Chairman), M. MARcUs,
JAs. FnRoUsmN, and R. LILIENFELD. '
London Agents.
SIIIoN MARCUS, GIIAs. RUBE, and J. H. BU'I'I‘.
General Manager. Transfer Secretary (Ilmd Ofice).
JAs. FnRoUssoN. J. H. TILEY. -
Bankers.
THE STANDARD BANK or SOUTH AFRICA, LIMITED.
Secretary and Head Oflicc.
G. BINC-IIAM, Robinson’s Buildings, Johannesburg.
London Secretary and Ofiicc.
J. ROBERTSON, 8, Princes Street, E.C.
CAPITAL ClIANo.—None.
APPROPRIATION or CAPITAL.—TO vendors £1,809,000 in shares; 100,000 shares underwritten
at par giving £100,000; 91,000 shares held in reserve gradually disposed of, 7,500 at formation of
Company, 50,000 early in 1892, and the balance of 33,500 early in 1894, realizing together a further
sum going to working capital of £91,000; total capital supplied, £191,000.
ACCOUNTS AND FINANGE.——Accounts are made up annually to December 31, and submitted
in April or May after. The year 1894 produced a net profit of £35,730 98. 7d., after providing over
£20,000 for mine development.
Extracts from accounts as at December 31, 1894 :—
334 WITWA TERSRAND MINES.

Balance-sheet.

Liabilities. £ 8. d. Assets. £ 8. d.
To Capital account 2,000,000 0 0 By Property account 1,824,676 6 8
\,, Sundry creditors 9,874 8 l ,, Buildings 14,804 4 1
,, Machinery and plant 33,111 11 5
,, 60-stamp mill 39,293 4 4
,, Cyanide works 12,336 18 10
,, Vehicles and live stock 515 16 3
,, Main shafts 10,456 9 11
,, Furniture, etc. 1,004 19 5
,, Tree plantations and fences 6,909 18 5
,, Dams and reservoirs 1,526 2 3
,, Bearer warrant scrip 888 6 2
,, Claims purchased 38 19 6
,, Boreholes ' 3,718 8 11
,, Stores 5,441 2 3
,, Sundry debtors 1,417 2 9
,, Transvaal Government 1,200 0 0
,, Draining Rietpan 511 0 5
,, Share account 2,500 0 0
,, Gold in transit .. 7,107 2 8
,, Cash at bank, Johannesburg 6,873 5 6
,, Cash at mine .. 708 15 6
,, Balance, profit and loss
account 34,834 12 10

£2,009,874 8 1 £2,009,874 8 1

Statement of Expenditure and Revenue for 12 months ended December 31, 1894.

Dr. ‘ 7 £ s. d. Or. £ 8. d.
To Mine account... 43,468 2 7 By Bullion account—
,, Mine development 20,648 4 6 34,8)6'50 ozs. from mill 126,700 13 6
,, Reduction expenses 25,607 15 6 6,915'10/ ,, ,, tailings‘ 18,465 18 6
,, Cyanide process ' 11,452 9 10 41121 ,, concentrates 1,524 14 3
,, Concentrates treatment 153 7 9 i “f ‘c
,, General expenses 18,445 15 7 ' 146,691 6 3
1., Prospecting expenses - 651 7 6 Revenue from licenses, rents, etc. 6,966 6 7
.,, Balance, profit for 1894 33,230 9 7

£153,657 12 10 I £153,657 12 10

Profit and Loss Account for Year to December 31, 1894.

Dr. 15 s. d. l Cr. £ 8. d.
To balance at December 31, 1893 70,565 2 5 By 2,500 North Randfontein Gold
' ‘ Mining Companies shares of
£1 each 2,500 0 0
,, Profit for 12 months, ended
December 31, 1894 33,230 9 7
£35,730 J 7
,, Balance carried forward .. 34,834 12 10
“01565723
£70,565 2 —5
 WITWA TERSRA ND MINES. 335

Statement of Revenue, Expenditure, Profit and Loss since formation of the Company.

Revenue from I Expenditure

Year. ‘ Re
golf!enue from
account. - -
licensesétgntereat, , overrgpgntlgove Profit.

- —‘ I‘ FM I £ a. d. £_—s: “d. , £_ a. (1. £ 11. (I.

Ended December, 31, 1889 \ — 2,251 19 4 12,545 4 8 —

,, ,, 1890 ’ —— 7,926 2 0 11,412 18 11 —
,, , ,, 1891 — 1,917 13 9 48,074 14. 1 — ,
,, ,, 1892 24,585 15 5 2,583 6 4 24,205 5 3 _ —
,, ,, 1893 102,602 12 5 3,709 6 11 —- 25,673 0 6
,, ,, 1894 , 146,691 6 3 9,466 6 7 — 35,730 9 7

6 years. l£273,879 14 1,£27,854 14 11 :£96,238- 2 11 £61,403 10 1

Rccapitulation. £ 8. d.
Revenue from gold account to December 31, 189 273,879 14 1
,, ,, licenses, interest, etc. ... ~27,8_5i4_1l4_11
Total revenueover
Expenditure for 6and
years
above revenue as at December 31, 1892... 96,238 2v9 11

Balance
Less profit
standing
as at December
at debit of31,
profit
1894and loss account, Dec 31, 1894 . £34,834 _ 10

As the'owner of several proclaimed farms, the Company derives half of the claim licenses
from all claims on their property, the other half going to the Government. Large plantations have
been laid out and are thriving well; some of the trees are already being utilized for mining
purposes. '
DETAILS OF PRODU(,'1‘10N.—Tl16 gold production has so far taken place from the Rietpan mine
on Randfontein only.
Table showing Tonnage Crushed, Yield and Cost.
Year. 1 Stamps. Tons crushed. ‘ Total yield. 1Yield per tion.‘. Cost per ton.
7 T W— ‘i i —W l *- —_. i I oz. dwtf a. d.

Ended December 31, 1892 l 40 16,875 6,579 7'2 ' —

,, ,, 1893 3 40 54,652 I 23,457'75 , 8'577 26 8'68’?
,, ,, 1894 , 4060 81,603 I 34,806'50 8'53 3 26 6'135
153,130 1 64,843-25 8'46
Cya n idc Works.
Year. Tons treated. ‘ Total yield. 1 Yield per ton. Cost per ton.
— ' 1 ...... a ‘7.7.
Ended December 31, 1893 41,956 3 6,623'15 3'11 3 9'60
,, - ,, 1894 54,390 6,915-28 , 2-54 4 3161
96,346 ,1 13,538'43 2'81

Concentrates.
Year to December 31, 1894 200 tons 411'20 oz. 41'12 dwt. 298. 881011.
T0.‘al 0f Proiurtion. Averagedyield per ton.
oz. wt.
153,130 tons crushed from mill 64,843'25 8'46
96,346 ,, treated from tailings 13,538'43 2'81
200 ,, ,, ,, concentrates 411'20 41'12
78,792'88 oz.
336 WITWA TERSRA ND MINES.
The average yield per ton obtained from all sources during 28 months is 1162 dwt. A
Fraser & Chalmers battery of 40 stamps was ordered in 1890, and was started in 1892 (about
August), the running time in that year amounting to four months. 20 stamps were added to the mill
in 1893, and from the end of February, 1894, the full 60 stamps have been running. The cyanide
works for the treatment of tailings and concentrates were erected and completed about March, 1893,
and have been treating an average of 5,000 tons per month ever since.
Tables and Statements showing Details of Milling and Cyanide Returns and Working Costs
for the year 1894 :—
(1) Analysis of cost of development for twelve months ended December 31, 1894, by rock
drills. Driving and rising 3,372 ft. Total cost. Cost per foot.
£ .9. d. £ s. d.
European wages 819 17 9 0 4 1035
Native wages 330 17 4 O 1 11'55
Explosives 763 10 0 0 4 634
Candles and lights 79 9 5 0 0 5'65
Contractors 6,585 1 10 1 19 0'69
Tools and stores , 510 12 0 0 3 0'34
Fuel ' 1,469 6 9 0 8 8'58
Maintenance 1,236 2 0 0 7 398
Total .. £11,794 17 1 £3 9 1149
The cost per foot is high, but will (it is expected) be considerably reduced when the new rock
drill plant is at work. The development by hand labour was 7,718 ft., at a cost of £1 2s. 9'45d.
per ft. ; and 180 ft. of shaft sinking was also accomplished.
Milling Table.
I
Month (1894). ,Stampsrum; Tons crushed. Time run Tons per stamp. ‘ Cost per ton.

I ' I d. h. m. I 1. d.
January , 40 5,157 28 12 0 4522 4 7160
February ‘ 44 4,734 27 0 0 4047 5 9898
March . . 58 , 6,308 30 17 0 3598 4 2529
April 60 I 6,670 27 16 30 4018 6 2139
May 60 ‘ 8,357 I 30 0 0 4291 I 3 7694
June I 60 8,423 30 0 0 4679 l 3 10496
July I 60 7,028 I 28 12 0 4-109 4 9-430
August I 60 6,775 I 28 12 0 3962 I 5 2747
September I 60 6,542 28 16 0 3801 I 5 6242
October 60 7,023 I 30 3 30 3882 , 5 3513
November 60 I 7,347 28.18 0 4-260 - 4 8341
December I '60 I 6,839 i 29 17 25 3834 I 5 5429

Sfatmnent of Expenditure and Cost per Ton on 81,603 tons mined, crushed and milled,
during the year 1894. Total cost. Cost per ton.
Mining:— 15 s. d. s. d.
European wages 4,120 13 10 1 0119
Native wages and food 12,821 1 1 3 1'708
Tools and stores 1,090 10 3 0 3207
Maintenance ..'. 1,626 8 8 0 4783
Explosives ... .. . ... ... 3,321 5 1 0 9768
Timber 830 14 2 0 2443
Contractors 6,443 2 9 1 6'95)
Assay ofl‘ice .. 400 4 9 0 1177
Salaries 945 3 8 0 2'78)
Fuel 738 2 O 0 2170
Tramming 194 18 9 0 0573
Total of mining expenses £32,532 5 0 7 11678
,, hauling and pumping expenses 10,935 17 7 2 8165
,, tramming expenses 2,060 17 1 0 6060
,, milling expenses 19,772 2 11 4 10151
,, pumping expenses 2,254 4 4 0 6630
,, general expenses 18,445 15 7 4 6251
,, various expenses 1,520 11 2 0 4472
Total cost... £87,521 13 8 £1 1 5407
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53:33‘ 3.62.36 ~38 JEQ 62.5. .Qzegsmw ~23 genesis 8.2.3.62» 35.28% \c 324.25%
338 W1 T WA TERSRA ND MINES.

The cost per ton, 213. 540711., exclusive of development, is very fair, but should be reduced
further. For instance coal should stand in at a lower price as soon as the railway delivers it
on the property.
Concentrates.

Month (1894). Tons treated. . Cost’ per mm Yield in ounces. ! Profits.

including royalty. ,

S s 1!. £ 0. (I.
September 50 1 7 9730 96-33 ] 130 1 3
October 50 1 11 0420 111-44 202 3 3
November 5‘) 1 4 0040 11843 t 234 19 10
December 50 1 16 1-000 3500 , 122 5 9
Totals j 200 l 1 9 8-810 l 411-20 , 739 15 1

Profit for four months, £739 158. 1d.

Table showing Treatment of Tailings at Cyanide Works.

Month (1894)' T1.

treitzd. Cot rt ,
including'eroytgdllty. Y'ld '1
oiiencesi.1 l! _Profits'

5:. (I. ' £ 8 d.

January 4,900 3 9411 748-10 j 1,541 11 7
February 2,590 1 5 0694 352-35 507 5 4
March 3,430 l 4 5-0s2 602-70 ' 1,230 5 5
April 3,290 I 4 10-031 455-55 | 707 16 0
May 4,550 3 11-854 624-45 694 10 0
June 4,620 1 411-271 45605 I 67 11 4
July 5,040 ‘ 4 11-174 634-65 407 s 3
August 5,230 l 4 2903 649-92 i 576 910
September 4,900 4 4369 532-14 I 443 19 9
October 5,390 ; 3 8-894 1 54323 55515 1
November 5,320 , 3 9-175 1 703-83 1 1,022 12 3
December 5,110 i 3 9236 I 562-31 1 652 10 0
K— _; i,_ |___ — _ ,__7_ v, _ >4_i——__4A

54,370 4 3-161 ‘ 6,915-28 , 8,407 14 10

The cost of cyanide treatment has been reduced during the last three months, and will be
further reduced now that the handling is done departmentally instead of by contract as heretofore.
DESCRIPTION OF PROPERTY.—The Company is the owner of the following 8 farms :—
acres.
Waterval 8,018
Uitvalfontein 3,247
Rietfontein .. - 728
Randfontein... 5,746
Middelvlei (portion) 2,711
Gemsbokfontein (portion) 1,423
Panvlakte 9,389
Droogeheuvel (portion) 2,079

33,341
These farms are all situated on the West Rand, about 18 miles from Johannesburg, and they
all adJoin each other in a line extending from north to south. Of Middelvlei, Gemsbokfontein, and
Droogeheuvel, the Company holds portions only.
(1) Waterval : The most northern farm, in extent 8,018 acres. As mining areas the Company
owns twomynpachts, one on the western boundary, 178 acres, and one on the eastern boundary,
4‘Z_3 acres 1n extent. The Company further holds 109 claims on this farm, the mining areas con
taimng altogether 5,800 ft. along the strike of payable reefs. Besides the above mynpachts and
 WITWATERSRAND MINES. 339

claims the Company holds 50 per cent. interest in the Leander Syndicate, who are the owners of 36%
claims, the immediate dip of which is also owned by the Company.
(2) Uitvalfontein : Adjoining Waterval to the south, in extent 3,247 acres. The mining area
consists of two mynpachts, in extent 324 acres, adjoining each other along the line of reef, inlateral
extent about 17,000 ft. There are also 5753 claims on this farm belonging to the Company, the out—
crop of reef through them being 7,800 ft. The plantations laid out on the farm contain 25,000
trees, the majority of which are two years old.
(3) Randfontcin : South of Rietfontein and east of Uitvalfontein, in extent 5,746 acres.
There are two mynpachts adjoining each other, the distance on the reef being 12,000 ft. On this
farm are the actual mine workings now in course of exploitation, the mine being called Rietpan
Mine. Of the reefs about 6,800 ft. has been opened out, the average yield obtained being 11'62
dwt. per ton. Besides the mynpachts the Company owns 217 claims on the farm. The planta
tions contain 230,000 trees, most of which are nearly four years old, and a number of which are
almost fit for mine-timber.
(4) Jlfiddelvlei: Joining Randfontein to the south, the portion owned by the Company being
2,711 acres in extent. The ground includes the southern extension of the Randfontein mynpachts j.
and as nothing of any value has been discovered east or west of this property, it is only reasonable
to expect the reefs to continue their present course and pass through this portion of the Company’s
property as well; this would give a further length of 14,400 ft. along the line of reef. On this
farm there are about 63,600 trees.
(5) Gcmsbokfontein: Portion; in extent 1,423 acres, the farm being partly the dip of Lui
paard’s Vlei, on which it is reported the Black Reef has been opened lately, dipping at 20°. No
prospecting has as yet been carried on on this portion.
(6) Panvlakte : This is the most southern of the Company’s properties, in extent 9,389 acres;
no works have been initiated here as yet.
(7) Rietfontein: 728 acres in extent, adjoins Waterval to the east and south, the southern
portion being situated between W'aterval and Randfontein. It is supposed that this farm
contains the northern series of reefs which traverse the Rand.
(8) Droogeheuvel: The Company’s portion is about three-fourths of the farm, being 2,079
acres. It has not been prospected.
(For special and general plans, see Volume III.)
GENERAL.—On the 8 farms so described there are in all 6 mynpachts and 901 claims, all being
on the line or adjacent to the outcrop of the reefs. The line, so far as proved, has a lateral extent
in the properties of the Company of no less than 48,000 ft. The farms Waterval, Randfontein,
Uitvalfontein, and Middelvlei are proclaimed, and are therefore producing revenue to the Company
in the shape of claim-licences. There is plenty of water on all these farms, the total quantity being
carefully estimated at a total of nearly 2,000,000 gal. per 24 hours on the entire estate. Active
prospecting on the several farms has been commenced since November, 1894, with the result that
the line of reefs is being rapidly opened out, and very soon the proved connection with the reefs as
existing in the George and May property will be completed. The whole mining area amounts to
approximately 1,953]; claims, or 4% square miles. The greatest length from the northern to the
southern boundary is 19 miles, out of which the Randfontein Reef has been traced for a length
of miles; about half of this is being actively developed. Having such a considerable lateral
extent of reefs to work on, a. new policy was adopted; that is, to hand over the different pro
perties to subsidiary companies. The existing mine was formed into a. separate concern
under the name of “ Porges Randfontein,” with a capital of £500,000, of which 350,000
shares, equal to £350,000, went to the parent Company. The next subsidiary Company is the
“Robinson Randfontein,” with a capital of £600,000, of which the parent Company holds 375,000
shares; then the “North Randfontein,” with £250,000 capital, this Company’s holding equal to
8,500 shares; and then the “Mynpacht Randfontein Gold Mining Company,” with a capital of
£750,000, out of which this Company gets 500,000 shares. The Company has therefore disposed
of 2 mynpachts, and has 4 still in hand, together with some hundreds of claims and 5 unexploited
farms. The mynpachts still in hand are :—
On Waterval Mympacht No. 205, North series of Reefs = 121 claims.
,, ,, ,, ,, 204, Randfontein Reefs =287§ ,,
,, Uitvalfontein ,, ,, 166, ,, ,, =150 ,,
,, Randfontein ,, ,, 165, ,, ,, =198 ,,
4 mynpachts =756§ii ,,
Other claims (about) 600 ,,
Half-share in Leander Syndicate 18} ,,
The Company therefore still possesses alout 1,375 claims
340 IVITIVA TERSRA ND MINES.

Disposed of 17,880 ft. along strike of reefs.

Remaining 30,120 ft. ,, ,, ,,

Total 48,000 ft. on the line of outcrop.

The 17,880 ft. sold are distributed as follows :— feet.

To Porges Randfontein 5,880
,, Robinson Randfontein 6,000
,, North Randfontein 3,000
,, Mynpacht Randfontein 3,000

Total . .. 17,880
Mixmo Iu'rnuuonxon—
PoRc-Es RANDFONTEIN.
This is the old Rietpan mine of the parent Company, consisting of about 430 claims, including
the mynpacht, with a total length along the strike of reef of 5,880 ft. and a maximum width of
3,700 ft., the average being 8,000 ft. There are 3 shafts on the mine, a new vertical shaft just
being put down. Shaft No. 1, on the Randfontein Leader near northern boundary, at an angle of
about 60° to the 3rd level. Shaft No. 2, in about the centre of the property, dips 60°; depth 350 ft.
or 4th level; driving at that level just commenced. Shaft No. 3: vertical, near southern boundary;
reef cross-cut to north at 3rd or 312 ft. level. New main vertical shaft: being sunk midway be
tween Nos. 1 and 2 shafts to exploit northern portion of the mine; expected to strike the reef at
about 1000 ft.; will be connected with present working at the 4th level, when heavy hauling
machinery will be ready to serve the mine from this spot, and shafts Nos. 1 and 2 will be discarded.
First level : nearly 5,000 ft. opened up, all connected, almost stoped out, 80 ft. of backs. Second level :
exhausted near shaft No. 1; connected with shaft No. 2, ore between shaft 2 and 3 remaining.
Third level: 1,600 ft. driven from No. 3 shaft to southern boundary, connection being almost com
plete with No. 2 shaft ; 1,500 ft. still to drive to northern boundary; stoping has already begun, but
large tonnage of ore is untouched. Fourth level: drives in course of advancement towards southern
boundary and about 900 ft. north. Present development .' The opening out of 4th level north and
south of No. 2 shaft. Winzes going down from 3rd and 4th.level between Nos. 1 and 2 shafts.
Third level being driven north and south of No. 1 shaft. No. 1 shaft being sunk to 4th level.
Driving 4th level north at No. 3 shaft. Intention to sink No. 3 shaft to 5th level. There are
120 ft. of backs between the 3rd and 4th levels, and the same distance will be left between the 4th
and 5th. The upper levels only have 80 ft. of backs.
REEFS.—The reef being worked by the Porges Randfontein Company is a conglomerate body,
and is known as the Randfontein Leader. It consists of a thin layer of pebbles running irregularly
through a sandstone bed. The pebbly part of the reef, which varies in width from 2 in. to 1 ft. and
averages 6 in., usually carries the gold, but it is occasionally found in the sandstone near the foot
wall. The width of the reef body, including the sandstone casing, is from 2 to 21; ft., and distinct
lines of cleavage can be seen marking the foot and hanging walls. For this reason, and also because
the surrounding sandstone sometimes carries a few dwt. of gold per ton, the whole body of 2% ft. is
stoped out, and sent to the mill. Up to the present no systematic sorting has been attempted;
therefore in calculating the value of the actual reef matter sent to the mill, allowance must be made
for a proportion of the rock being waste. Sorting is to be introduced in the future, and the
necessary tables, etc., are now being erected. This should make a difference in the yield per ton
of ore crushed, and likewise increase the profits, as there is room for rejecting 30 to 40 per cent.
of the rock mined. This reef is opened up from one end of the property to the other, and except
f or a small dyke near the northern boundary is singularly unbroken and of even grade throughout.
From No. 3 shaft there is a stretch of reef for 5,000 ft., or nearly a mile, which is unbroken by a
single fault of any importance down to the 4th level. The reef dips east at an average angle of
about 60°. At the surface in places it dipped west, but has turned round in the lower levels. In
other parts of the mine the reef is almost vertical, about 80°. In two boreholes put down on the
Robinson Randfontein ground at depths on the incline of about 800 and 1,000 ft. it showed an
average angle of dip of 70°. From this evidence there would appear at present to be no indication
of any approaching flattening of the reef ; and although it cannot be expected to maintain its
present steep dip to the boundary of the property, yet from the fact of its inclination being so great
in the u per level of the mine, the average dip throughout is likely to be higher than is usually the
case. hen it is remembered that a claim possessing a reef inclined at an angle of 65° con
tains double the tonnage of a claim with a reef inclined at 30°, the important bearing this fact has
on the future prospects of the mine can be easily recognised, provided always that the reef maintains
a payable yield.
 WITWATERSRA/VD MINES. 311

The grade of the Randfontein Leader is good. The following is a list of assays taken by
the manager. In all cases the sample is taken over 6 in. or more, for where the reef is thin
it is found to be correspondingly rich. The majority of the samples are also taken from the stopes.
oz. dwt. gr. I oz. dwt. gr.
North Section, 2nd level- 3 17 17 y 2 15 10
,, ,, 03 14
14 149 .i North Section, No. 4 level { 31 181 33
l 8 6 0 1 North Section, No. 4 level 7 6 13
North of No. 3 shaft, South 3 18 0 South Section, No. 4 level 11 19 21
Section, 4th level, stope 11 1 16 g 5 10 10
1 13 8 | North Section, No. 3 level ’ %
North Section, 2nd level .. 3 1s 18 j 5 o 15
,, 3rd ,, 2 13 18 a 0 9 11
South Section, 4th ,, .‘l 7 7 10 15 15
,, 4th ,, . 5 16 16 1 8 12 1
{ 3 14 9 , 0 10 5
:- r 5
South Section, 4th level .. -,l g
2 12
1(2) 12 ,
it; 18g 8
15 23

20 12 17 a 5 18 3
Main Drive, north, 4th level l 46 14
16 4
23 '11 4
0 17
16 2
13
I 3 11 11 North and South Sections, 3 14 0
4 2 3 I 3rd and 4th levels.— 21 7 4
North
South Section,
,, 3rd,,level . { 6g, I;
0 2%1 !i Drives and stopes 7 18
% 5

10 9 0 1 9 11 1
North Section, 2nd level 22 g 1; i 8 13
l 2 0 0 i 1 16 11
( 4 11 6 1 9 4
North Section, No. 3 level 114 14 0 - 0 6 13
3 0 12 0 7 7
k 9 3 8
The fact that the yield per ton has only averaged 107 dwt. in the past is accounted for by the
large quantity of waste rock hitherto crushed. While mining was taking place in the oxidized,
or soft red ore, sorting was difficult, if not altogether impossible ; but now the blue has been reached
an efficient system of sorting will soon be introduced. The proportion of rock now being treated
is half red and half blue. The low return from the tailings is partly due to 1,200 mesh screening
being used in the battery.
Besides the Randfontein Leader there are a number of other reefs running through the
property. In a borehole put down 575 ft. east of the outcrop on the Robinson Randfontein Mine no
less than 22 different conglomerate bodies, or in all 77 stringers of reefs, were intersected before
meeting with the leader. The best assays obtained, however, were only 5 dwt. Some distance to
the east on the hanging wall of the leader a large body of reef is met with, and is known as the Main
Reef. It closely corresponds to the Main Reef of the Main Reef series, but differs in one important
particulir. The Main Reef of the Main Reef series lies on the footwall, or at the back of the rich
south leader. The Randfontein Main Reef lies on the hanging wall of the Randfontein Leader, or
in front of it. This point is argued to be strong evidence in itself that the Bothas and Randfon
tein series are different beds, but conclusive proof is offered by the fact that two or three hundred
feet at the back of the Randfontein Leader a body conglomerate has been opened in trenches identical
in character with the Bothas series, the Main Reef and South Leader both being found. Assays
taken from these reefs gave an average assay of 17 dwt. per ton. The work done is so far of a most
nllleagrzelsind, only a few shallow trenches; but the management intend shortly to further exploit
t ese s.
The other reefs known to traverse the ground are the Government, Battery, and Black Reef
series, upon none of which, however, is sufficient work done to enable any idea to be obtained of
their value. They are found to be payable ore bodies in the vicinity. The boreholes before re
ferred to, put down on the Robinson Randfontein, merely proved the existence of the Rand
fontein Leader, and were not sunk to suflicient depth to strike the Bothas series. The holes,
 342 WI 1 WA TER$RA ND MINES.
however, have been lined, and hermetically sealed, so that drilling can be continued at any time
thought necessary. They were not located far enough east either to prove the Battery or Black
Reefs. At present all available energy is occupied in opening up and tracing the extension of the
Randfontein Reef from the properties already floated.
EQUIPMENT.~—The GO-stamp mill of the Porges Randfontein Company is of fairly heavy type,
and is doing good work. 1,200 screening is being used, but we understand this is soon to be
altered. In view of recent experience, and the economic results obtained in concentration by means
of hydraulic spitzluten classifiers, the employment of frue vanners is open to question. There are
24 at work at this mine. The cyanide plant is not of the latest type, but the working costs per
ten are fairly low, considering the capacity of the vats and the tonnage treated. The machinery
at the three shafts is of antique type, and the locomotive boilers in use must consume an excessive
' amount of coal—costing 308. per ton. Considerable improvements, however, are in hand in this
direction, which should effect a large saving in expenses. The new main vertical shaft will also
take the place of the present two small inclines on the southern section, which will bring about a
further economy. A small air-compressor driving 8 drills, now in use, is to be discarded in favour
of a new 25-drill plant, under order, which will enable the development of the mine to be carried
on with more expedition.
Of the total capital of the Porges Randfontein Company, viz., £500,000, the parent Company
holds 350,000 shares. There is £50,000 cash in hand, and 67,000 shares are held in reserve.
Non'ru RANDFON'I'EIN.
This property is situated on the farm Uitvalfontein, and immediately adjoins the Porges
mine on the north. The Randfontein Leader is proved by several shafts and open cuttings right
across the full extent of the property. The mining area comprises in all 173% claims; has a
lateral extent on strike of reefs of 3,000 ft., and an average width on the dip of 3,400 ft.
WORKINGs.—A large main vertical shaft is being sunk in the centre of the property, 400
ft. east of the outcrop on the dip of the reef. The head-gear is ready for erection, and the
necessary machinery under order.
WORK DONE—Near the northern boundary, in proximity to the Robinson Randfontein
property, a prospecting shaft is, being put down vertically on the reef, which at this point dips
slightly to the west. A cross-cut opens the first level at 100 ft., and the lode has been driven
on east and west for 70 ft. each way. In the south drive the leader is a fine body of ore 1 foot,
and in places as much as 2 ft., wide, panning well. This shaft is now 70 ft. below the first level
and is still being sunk. The formation has turned round under the first level and is now dipping
at a steep angle to the east. On the southern section of the property, 200 ft. from the Porges
mine, another vertical shaft is located. The first level is opened to the boundary south, and 350
ft. to the north—total length 550 ft. The reef is 6 in. wide with the usual sandstone casing,
and pans well. Close to the southern boundary the reef strikes almost east and west, having been
displaced by a dyke which comes in from the Porges mine. North of the shaft, however, another
dyke is encountered which brings the reef back into its normal fposition. These dykes are of no
importance and offer no impediment to the speedy development 0 the mine. South of the shaft
adjoining the Porges the reef carries visible gold freely—going north of the shaft it is estimated
to be worth at least an ounce to the ton over 21; ft. Besides these shafts a number of winzes are
being put down to provide additional faces of attack, for the rapid opening up of the property. In
all of these the reef is exposed, and gives remarkable shows in the pan.
BEER—The Randfontein Leader is exposed in cuttings and winzes 300 ft. apart, through the
entire length of the property, a distance of 3,000 ft. To the north it averages 1 ft. wide; in
the centre it occasionally splits up into several stringers, all carrying gold, and in the south drive
of the north shaft a second leader 4 in. wide has been discovered, also of good quality. Visible
gold can be obtained from several parts of the mine, and the manager estimates the leader so far
as opened to be worth 6 oz. to the ton, with a width of from 6 to 12 in. Some 800 ft. of
driving has been done, which is suflicient to enable a good approximate estimate to be made of the
quality of the ore body. Pannings taken haphazard from various surface trenches, the staff‘ being
simply crumbled into the pan with the hand and washed without crushing, invariably gave good
results. An air compressor for driving machine drills will soon be obtained from the Porges
Company, which will expedite development. By the beginning of the new year it is expected
that nearly two levels will be ready for stoping, exposing 100,000 tons of soft red rock. The
oxidized zone will probably, as in the Porges mine, extend to the third level. Meanwhile the
plans have been got out for a 60-stamp heavy type mill, which is already under order, and the
necessary buildings, compound, etc., are being erected. It is anticipated that milling operations
will be commenced in the early part of 1896.
The capital of the Company is £250,000, out of which 50,000 shares are held in reserve.
£100,000 has been provided as working capital. The parent Company holds 8,600 shares. Taking
 WI TWA TERSRA ND MINES. 343

the value of the shares at £2 128. 611., the 173% claims are capitalized at £1,560 per claim,
which com ares very well, considering that low grade Main Reef properties have a market
valuation o from £6,000 to £12,000 per claim. The working capital is ample and the Company
should have money in hand when starting milling operations. A heavy 60-stamp mill should
crush at least 6 tons per stamp per day of the soft red rock, which will at first be treated,
or at the rate of 10,000 tons a month. The working costs are estimated not to exceed 258., and
with an estimated extraction of 15 dwt. per ton, an approximate profit of £1 78. 6d. per ton should
be arrived at. Taking, however, the profit as low as £1 per ton, the monthly profits would be
£10,000, or £120,000 per annum. This would represent 60 per cent. on the issued capital of the
Company.
Rosmsox Raxnsox'rnm.
This property immediately adjoins North Randfontein to the north. The length along the out
crop is 6,000 ft., with an average dip of 4,000 ft. The Randfontein Leader is proved along the
entire property, either in open cuttings or by boreholes. Two boreholes were put down with the
following results: No. 1, 600 ft. from the eastern boundary, sunk at an angle of 60°. The Rand
fontein Leader was intersected at 892 ft. on the incline, 6 in. wide, assaying 45 oz. The reef at the
outcrop dips at an angle of 80°. No. 2 borehole, also put down at 60°, struck the leader at 1,015 ft.
5 in. wide, assaying 5 oz. 12 dwt. No less than 22 reefs, or in all 77 stringers of conglomerate,
were passed through, none of which, however, assayed higher than 5 dwt.

Assays from surface Wiuzes and Cuttings.

Width. oz. dwt. gr.
No.6 winze 6 in. 5 .0 5
8 ,, 1 in. 21 0 15
6 in. 10 12 4
No. 2 winze, 36 ft. level 1 ft. . 7 15 1
No. 4 winze 6 in. 3 10 0
Various cuttings 6 in. 3 6 8
77 77 77 2 4

,, ,, 1 17 7
77 77 77 2.

71 1: u b 14 l'
77 77 77 4 3 3

77 77 77 9 1

77 77 77
,, ,, ,, 24 11 19
,, ,, ,, 2 17 4
,, ,, a ,, 2 18 8
Average from 3 samples ,, 24 14 3
No. 1 cutting ,, 10 1 15
Various winzes ,, 3 10 17
77 77 77 3 8 3

77 77 77 3 7 2

77 77 77 3

n t 1: 3 15 U
The capital of the Company is £600,000, of which the Rahdfontein Estates Company holds 375,000
shares, ample working capital being provided. It is the intention to proceed with the active de
velopment of half of the mine, viz., 3,000 ft., and it is possible that the other half will be refloated
as a separate concern. The northern half of this property has recently been sold to the Block “A”
Randfontein Company.
MYNPACHT RAxnrox'rnm.
Mynpacht No. 206, situated on the farm Uitvalfonteiu, together with additional claims,
making 240 in all. The reef has been struck on the property.
The-capital is £750,000, of which the Randfontein Estates Company holds 500,000 shares.
GENERAL REMARKs.—The holdings of the parent Company in the subsidiary Companies at
present market values more than cover the nominal capital of this Company, and so far only a
portion of the property has been disposed of. Taking the distance of proved reef, viz., 48,000 ft.
along the strike, and 3,500 ft. in width, the mining area, with a stoping width of 21 ft. at an angle
averaging 50°, is estimated to be capable of producing 40 million tons of payable ore. The value
of the unprospected farms has still to be taken into account.
FLO’I‘ATION or FURTHER SUBSIDIARY COMPANIESL—The following extract from an official
34, WITWA TERSRA ND MINES.
circular sent out at the end of October, 1895, give some particulars of 15 or 16 new companies
which it is proposed to form : “ The following are the mynpachts and blocks of ground which have
not yet been formed into companies. They are called respectively, A, B, C, D, E, F, G, and H.
Blocks A and B.—These blocks consists of mynpacht No. 165, containing about ‘.200 claims, and a
number of claims adjoining, in all about 300 claims. Each of these companies when formed will
have about 150 claims. The blocks adjoin the Porges Randfontein Gold Mining Company’s
property on the south. Blocks C and D consists of mynpacht No. 166, which represents about
150 claims, and the adjoining block of about 84% claims, in all about 2341 claims. The Company
has also a large interest in another block of ground adjoining, and consisting of 37!; claims.
The mynpacht and the adjoining claims have been divided and formed into two blocks, called C and
D. On the block called C, cable advices just received announce that four reefs have been found,
averaging according to the assays: No. 1, 4 oz. and 10 dwt. to the ton; No. 2, 10 dwt. to the
ton; No. 3, 12 oz. and 10 dwt. to the ton; No. 4, 15 oz. to the ton. The directors intend to
form these two blccks, called C and D, into two separate companies. The adjoining mynpacht, Le.
No. 204, and a number of claims belonging to the Randfontein Estates Gold Mining Company
(Limited), which adjoin this mynpacht, have been formed into three blocks, called respectively E,
F, and G. The reefs have been opened up on these properties, showing very good results. The
number of claims that each company will possess will be about 100 claims apiece. These three
blocks will be formed into three separate companies. Block H consists of a mynpacht of about 150
claims, and can be worked by water-power. The water falls on this mynpacht from a height of
about 200 ft., and it is calculated that a 50-stamp battery could be erected here and worked by
water. This property will also be formed into a company. Blocks of Claims.—The Randfontein
Estates Gold Mining Company (Limited) holds also a large interest in several of the blocks of
claims which are registered in the names of other parties.
“ Middelvlei : Adjoining the Randfontein Estate is the farm Middelvlei, which also belongs to
the Randfontein Estates Gold Mining Company (Limited). This property the directors intend to
form into six companies, and they have no doubt that they will become very valuable, from inform
ation which they have received. The water facilities on this property are also of great value.
There is, further, a large plantation of gum trees, which have been planted on Middelvlei by the
company, and which can be used for mining purposes.
“ Droogeheurel .' The interests that the Randfontein Estates Gold Mining Company has in this
property will also be formed into a large company.
“Township : The Government has also entered into an agreement with the directors of the
Randfontein Estates Gold Mining Company to lay out a township in the most central portion of the
property, where all the public roads from all parts of the South African Republic meet. The rail
way also that the Government is now about to build from Krugersdorp to Potchefstroom will pass
through the township. The township has been laid out, and a large number of stands have already
been surveyed. As soon as all the companies have been formed upon the property the directors
will proceed to form the township into a company on the same lines as those on which the
Langlaagte Exploration and Building Company (Limited) has been formed.
It will be seen, therefore, that apart from the five companies that have already been formed,
the Randfontein Estates Gold Mining Company (Limited) will, within a very short period, form
about fifteen more companies on its property. These companies belong exclusively to the Randfontein
Estates Gold Mining Company. In addition to these companies the Randfontein Estates Gold
Mining Company also holds several blocks of other claims.
“ Gemsbokfontein : This farm has not yet been prospected. The water upon the property is a
great value, and the source of the Mooi River, one of the largest and most permanent of the rivers
in the South African Republic, is found upon this property. It is the intention of the directors to
erect machinery there to utilise the water for the various mines upon the other properties.
“ Pa'nvlakte : This is a very large property, consisting of 9,389 acres. This property has also
not yet been prospected, but from the appearance of the soil which has been taken from a well sunk
in the ground some time ago, the directors are inclined to believe that coal will be found on this
property. It is the intention of the Company to bore along the land, and thus to ascertain whether
a true coal formation is to be found. The gold reefs on this property will also be opened up.
“ Ground Reserved for Plantation Purposes on Randfontein : In addition to the plantation
of trees on Middelvlei, another block of ground, in extent 444 acres, on Randfontein, has also been
laid out with gum and other trees, numbering 500,000 trees in all. These trees will, within a very
short time, be worth 30s. apiece, and will be of great value to the various mines that are now being
opened up on the various properties for timbering purposes. On the farm Uitvalfontein there is
another plantation of blue gum trees, which also forms a very valuable asset for the mines in the
neighbourhood.
“In conclusion, the directors desire to state that since the discovery of the reef within the last
few days on mynpacht 166, the assays of which show such high results, they feel convinced that as
 IVITI'VA TERSRAND MINES. 345

the exploitation and development of the Company’s property (consisting as it does of such a large tract
of country) progresses, every reef on the Witwatersrand will be found running through the
Randfontein Estates Gold Mining Company’s land; the contour of the country, and the trending
of the reefs towards the west, clearly indicates that all the reefs will be found upon the property
in lines running north and south. The layers of red sand which have hitherto prevented the out
crop of the reefs from being seen, have, to a certain extent, retarded the finding of the reefs for a
considerable period, but this difficulty has at last been overcome, and the prospectors now at work
are tracing the reefs and opening them up from one end to the other of the Company’s property.
The directors further wish to inform shareholders that the Robinson South African Banking
Company (Limited) will proceed without delay to form and float the fifteen companies which are
referred to in this circular, and also the township. The first two companies that the bank will form
will be those on the blocks called C and D.”

RAND KLIPFONTEIN COMPANY, LIMITED.

Formed in May, 1895.
CAPITAL—£65,000 in £1 shares ; 50,000 shares issued and fully paid up.
Directors.
G. FARRAR, CAPT. E. F. Rnonm, L. PHILLIPS, C. S. GOLDMANN, and W. DALRYMPLE.
Secretaries.
The Anglo-French Exploration Company, Limited, Johannesburg, Transvaal.
APPROPRIATION or CAPITAL—Issued to vendors for the freehold of the
portion of Klipfontein farm, known as the Woodhouse portion, ad
joining Modderfontein . 40,000 shares.
\Vorking capital 10,000 ,,
Held in reserve... l6,000 ,,
memo ,,
WORKINGS.-—The exploration of the property has been carried out by means of borehole. A
shaft is being sunk to determine the value of a reef which has been intersected.
PROPERTY.-Consists of the freehold of a portion (about 2,800 morgen) of the farm Klipfontein
adjoining Modderfontein on the east. It is not a proclaimed farm. The western portion belongs to
the Klipfontein Estate and Gold Mining Company. The boundary line dividing the two halves of
the farm runs diagonally from the north-west corner to the south-east corner of the farm. The
Rand Klipfontein owns the upper or eastern half, and the Klipfontein the lower or western half.
The present work is being carried out with a view to intersecting the Modderfontein Rwf series.

RAND MINESI LIMITED.

Formed 17th February, 1893.
CAPITAL—£400,000 in £1 shares ; 332,708 shares issued and fully paid up.
Directors.
LioxsL PHILLIPS (Chairman), ALFRED Barr (alternate F. Ecxs'ram), Max Mrcuxnms (alternate
A. T. SCHMIDT), HARRY MOSENTHAL (alternate G. Sous), S. NEUMANN (alternate C. S.
GoLnMAxN), C. D. Rum) (alternate E. BIRKENRUTH), and J. WERNHER (alternate
G. RoL'LIrYr). '1'rustccs : A. T. Sonumr and C. S. GOLDMANN.
London Committee.
A. Barr, S. NEUMANN, and J. WERNHER.
General Manager.
H. C. PERKINS.
Secretary and Head (mice.
R. V. MIDDLETON, Eckstein’s Buildings, Johannesburg.
Accountant. Solicitor.
R. CAMERER, Johannesburg. CHARLES LEONARD.
London Secretary and Ofiicc.
A. Mom, 120, Bishopsgate Street, E.C.
OBJECTS or THE CoMPAxY.—The adoption of a certain agreement, entered into February 17,
1893, between Lionel Phillips, in his capacity as agent of Hermann Eckstein and the trustees of
346 WII‘WA TERSRA ND MINES.
the Rand Mines, whereby the vendor sells and the Company purchases certain properties for the
sum of £200,435 03. 10d., being the actual cost price of these properties, and the repayment of any
sums paid by the vendor in respect thereof to June 30, 1892, including interest thereon from the
respective dates of payment to June 30, 1892, at 5 per cent. per annum. Also, the repayment of
all the liabilities of the vendor in respect of certain properties which have been made since
June 30, 1892. Also, the repayment of any sums since June 30, 1892, which have been made in
completion of the above purchases, interest payable at the rate of 5 per cent. per annum, for such
sums advanced. In this agreement the terms are also set forth under which the capital is reserved,
viz. :—- '
CAPITAL—£400,000 in 400,000 shares of £1 each, of which 300,000 shares have been sub
scribed. The remaining 100,000 £1 shares are not to be issued except for the following pur
poses: (1) Not exceeding 60,000 shares for providing payment for additional property; (2) For
providing working capital. Any shares issued for this purpose shall in the first instance be offered
to shareholders at par. The directors have the power to increase the capital by a number of shares
not exceeding 50,000 shares, which, however, shall only be created for the purpose of providing
additional working capital. All such shares shall in the first instance be offered to shareholders
at par. Any further increase has to be sanctioned by a meeting called at 60 days’ notice, at which
half of the issued capital has at least to be represented, and three-fourths of the votes have to be in
favour of such increase ; which increase, unless issued for the purpose of acquiring additional
property, has also to be offered to shareholders.
VENDOR’S RIGHTS.—After the shareholders of the Company shall have received in cash an
amount equal to the whole amount paid up on the shares held by them respectively, then upon any
further distribution the vendor shall be paid one-fourth of the amount to be distributed. After the
shareholders have received as above an amount equal to the whole amount paid upon the shares
held by them, the vendor can demand a certificate representing the one-fourth interest as above or,
at his option, vendor certificates not exceeding 1,000 representing fractional parts thereof, and
together representing the whole thereof, and such certificates shall be transferable. Such certifi- -
cates, however, do not confer upon the holders the rights of shareholders, nor to vote, nor to interfere
with the management of the Company, etc.
Bonaowme POWERS.—The original borrowing powers of the Company were confined to the
amount of the capital issued, but were extended by a resolution of shareholders on May 31, 1894,
to £1,250,000.
Schedule I.
Interests in Deep Level Properties disposed of to Rand Mines, Limited, by H. Eckstein
as on June 30, 1892.
PART I.

Nt'uuted' Arlfiidte
road What
Name of ‘___ i ‘' "—_~ "WW ’ <’ ’7“’ i number Of interest.

Farm. South of what Company. l claims.

Laura Syndicate Roodepoort Durban Roodepoort 78 %

Star Deep Level Langlaagte Star 17 1,
Xmas Syndicate Do. United Langlaagte ...‘ 16 Whole
Cigale Syndicate Do. Paarl Central 8;‘,- do.
- - Paarl Central to )
Langlaagte C. Syndicate Do. { Langlaagte Royal ‘30 do.
5 Part on Langlaagte ‘ Langlaagte Royal ?
Ruby and Ruby Extension and part on Turf- " Langlaagte ‘Estate 188 i do
( fontein , Crown Reef 5 '
Seven Claims 1 Langlaagte Langlaagte Estate .. 7 do.
Greenlees Claim ...,1 Turfi'ontein I Ferreira ..4I 1
An area .

‘ ' [i \Vemmer, Ferreira, ] eqlllzlgto I]

Rand Exploring Syndicate Do. I and Worcester 3 claims as > -,-"-,,
1 l, D. L. Company ; held under ‘
l . l present
' \,‘ I contracts. '
South Ferreira .. Do. ..., Ferreira 3 | g
. .
Ermm1e Syndicate
. Do.
( | Salisbury
hamstown
and Gra- } 31 ' “hole
-

South Meyer and Charlton . a, Doornfontoin ...l Meyer and Charlton... 14 do.
 WITWA TERSRAND MINES. 347

sowed. Aglgggi- what

Name of property. __i ._ i ___) i Ai -—— number of interest.
Farm. \ South of what Company. ‘ claims.

’ y - f Dool'nfontein and ‘ volhuter to Stan- } i 7

X. 1 . Syndicate 1 Elandsfontein ( hope Geldenhuis 234 W hole
Back Syndicate . Doornfontein { \ spgietrgzllliatan to } 36 d0
Salmon Block Do. ...i George Goch 16 (10
South Gertie Syndicate Do. { Gel‘;3103mm t° } 12 do.
New Gertie Syndicate Do. Do. do. 28 do.
Caesar Syndicate D0, .‘ H6133iothourse ‘ to} 82 do.

Emily Syndicate Do. Do. do. 39 ?;

South Edith Syndicate Do. Do. do. 1 Whole
Edith Syndicate Do. ... D0. do. 1; do.
Crowder Block Do. ...1 Do. do. 21 do.
South Henry Nourse a D0. Do. do. 14 do.
Maritana Syndicate Do. { i H??? alligulgssgyne- } 7 do.
Highland Syndicate Do. ...| Henry Nourse, Heriot 30 d0
Donian
H ' t Syndicate
d J 3 D Do. ...Ii Heriot and Jumpers... 21
eflgefln _‘_‘_mPe’_s_. eel’ Do. Do. do. 21 _%
Arthur and North Arthur) '
Syndicate u. n. S DO. -.-I DO. (10. an. ‘Whole

Saxonia Syndicate Do. Do. do. 12 do.

South Jumpers Do. ...i Jumpers 12 ?,~
Currey Water-right... D0. i 4 Whole
Guy W'ater-right . Do. - 4 d0
. I
~
South X’ Y' Syndlcate {
Doornfontem
Elandsfontein
and }
Jumpers and Stan- } "i
hope Geldenhuis
.
25 do’
Graham Syndicate . Elandsfont-ein ...i Stanhope Geldenhuis 20 do.
Hamburg Syndicate... . D0. Do. do. 37 ii
Ballot Block 5 Do. Do. do. 24 Whole
5 I May Consolidated
“S ” Extension Do. ‘ to Witwatersrand 123 do.
(i G. M. Co. i i
PART V

i Situation of Property. Appm“' i No. of

Name of Com n . mate i shares
P0‘ y number of
| Farm. i South of what Company. claims i hem‘
___ ‘ ‘, L . . ,4 1..
Rand _Deep Level Gold Langlaagte and Turf-i ‘1 Jowsburg
Crown ReefPioneer i 114 i 138,500
Mining Co., Ltd.6 I { fonteln . Robinson { J
VVemmer-Ferreira-Worces- i Wemmer Ferreira ) i _ i (
ter Deep Level Co.7 Turfl‘ontem { i and VVbrcester , i y 32 I "326
Henry Nourse Deep Lever?‘ Doornfontein ...\ -— I 32,189
Co.
Henry Nonrse ‘
CO. . ..
‘ \ ll l
l
NOTES.
1 Liability to pay 6 per cent. of profit.
" Commission on purchase not yet fixed.
” Subject to all equities which may exist by virtue of correspondence with owners of the
‘ remaining portions.
5 A right exists to take up at par 2,880 shares in any Company formed on this property.
0 Liability to pay 4 per cent. of profit.
7 Liability to pay 6 per cent. of profit on a‘inds of purchase up to March 8, 1892.
348 WI 2' WA TERSRA ND MINES.

Schedule II.
Liabilities as on June 30, 1892, in respect of Deep Level Interests; “S” Extension, pur
chase amount in exercise of option expiring December, 1892 ; Henry Nourse and Dettelbach Blocks,
purchase amount of 56,711 Henry Nourse Deep Level Shares in exercise of option, expiring
December, 1892 ; \Vemmer-Ferreira-Worcester Deep Level Gold Mining Company, ggths of £30,000
working capital to be provided in July, 1892. Total, £63,694 78. 6d.
Drscmr'rios or THE PRoPsRTY.—The Company originally started with 1,729 mining claims
and 12 water-rights. Of these 13578 were owned entirely and partly jointly with other parties,
whilst 3712 claims represented their interest in already existing mining companies. The 3712
claims are represented as follows :—

\Vemmer-Ferreira-Worcester Deep Level owning 31 claims; Rand Mines holding

Henry
87,215
Nourse
outDeep
of 90,000
Levelshares
owning 29 claims; Rand Mines holding 108,263 out of 30 claims.

South125,000
Rand Gold
shares
Mining Company owning 155 claims; Rand Mines holding 194,150 251

Randout
Deep
of 300,000
Level Gold
shares
Mining Company owning 191 claims; Rand Mines holding 736

Geldenhuis
142,500Deep
out ofowning
250,000211
shares
claims; Rand Mines holding 118,585 out of 265,000 1482

shares 943
\ 3712

During 1894 and 1895 the following number of claims have been incorporated by
companies :——- ~
To the
andRose
right
Deep,
to subscribe
Limited, at par 86,634
43,317 shares
,, towards
for working capital. 70

129,951 Rose Deep.

To the Jumpers Deep, Limited, 156,000 shares for .. 189
with right to subscribe at par 78,000 ,, for working ‘capital...

234,000 Jumpers Deep.

To the Nourse Deep, Limited, 365,000 shares for 241 claims}
2661
inclusive of Henry Nourse Deep holding, equal to 251 ,, )
,, ,, Wolhuter Company, 60,000 shares for 72
-q ,, Metropolitan Company, 14,000 shares for
71 71 Durban Roodepoort Deep, 69,000 shares for . 78
and right to subscribe 36,416 shares at par.
Ferreira Company 31 claims of Wemmer-Ferreira-VVorcester Deep, and 1
. claim (Rand Mines proportion 42,630 Ferreira Gold Mining Compan
Glen
shares)
Deep,for230,000 shares (including those subscribed for at par) for 30
8427
‘M Langlaagte
Paarl Central
Deep,
Company,
600,000160,000
shares shares
for for .. 187
“ u“ _._.
27
(This last sale has not yet been completed).
1,381-57 claims.
The Rand Mines acquired during 1894 :—
From Ferreira Company, simultaneous with sale of Wemmer-Worcester Deep 6 claims.
From Rand Tailings Reduction Company 70 ,,
59 per cent. in Golden Fleece Block of 50 claims 29 ,,
Several blocks together 53 ,,
158 claims.

At Dewmber 31, 1893, the total claim holding of the Rand Mines consisted of 1,729 claims.
On December 31, 1894, the total holding consists of 1,856 claims, which is an increase of 127 claims.
Outside of the above claimholdings incorporated in companies, the Rand Mines have 553
claims and the freehold of Mooifontein. The majority of the 553 claims are situated as follows :—
 WITIVA TERSRAND MINES. 349
South of the Metropolitan property, including the strip under the \Volhuter... 1011- claims.
1 85 7!
The two blocks south of the Nourse Deep
( 35
The series of water-rights south of the Wolhuter, Metropolitan, and Nourse Deep 70
A two-thirds interest in the Heriot and Jumpers Deep Level, 21 claims 14
A half interest in the Donian block of 21 claims 105
A seven-twelfths interest in 142 claims (the Rand Exploring Syndicate) 81
Block, south of the Village Main Reef . . 31
Block, south of the Jubilee-Salisbury battery sit 18 ~u_.- -~
Block, south of the United Langlaagte . 16 ~. _~.-~<

Total of these blocks 462 -

Recapitulation.—1,382 claims amalgamated and taken into companies.

553 ,, not amalgamated or floated.
1,935 claims.

In addition to this the Company owns the freehold of the farm Mooifontein, in extent 1,294
acres, situated south of the Main Reef series, south of Lauglaagte Estate and Crown Reef. The
farm has an area equal to 881 claims.
(For plan of the properties owned, see the last map in Volume III.)

Acoous'rs— Balance-shed, January 31, 1894.

£ a. d. £ s. d.
To Capital (400,000 shares £ By 1,357'8 claims and 12 water
of £1 each)... 400,000 rights . 140,960 5
Less reserve shares 67,292 71 Mooifontein . .. 10,783 18 00.

332,708 0 0 71 Town property, 8 stands and

£ 8. d. 194,150
manager’s
Randhouse
Deep Level 8,563 14
To H. Eckstein 171,385 13 3 77
,, Unpaid accts. shares .
and wages 3,511 15 3 87,215 Vt’emmer - Ferreira
,, Sundry creditors 9,048 12 3 108,263
Worcester
Henry
Deep
Nourse
shares
Deep
183,946 0 0 280,524
,, Profit and loss account 3,542 11 0 118,585
shares Geldenhuis Deep

142,500
shares South Rand Gold

Mining Company shares...

Vehicles and live-stock 227
Ofiice furniture .. .. 519
Machinery and timber from
other companies, paid for 13,532
Bills receivable .. 15,000
South Henry Nourse shafts—
£ 8. d.
No. 1 shaft... 10,577 4 7
No.2 ,, 11,001 10 10
Machinery 9,550 0 1
Buildings . . 3,295 2 9
Stores . 2,144 12 10
General 9K
penses . 2,399 5 9
38,967 16 10
Sundry debtors 11,015 dr—
Nationals Bank 102
£520,196 11 9 £520,196 11
350 IVITIVA TERSRAND MINES.

Profit and Loss Account, January 31, 1894.

£ 8. d. j £ 8. d.
To Printing expenses 12,367 15 0 By Profit on claims sold 30,179 16 7
,, Salaries 2,953 7 0 i ,, Cigale revenue 43 10 0
,, General expenses 665 13 10 ,, Langlaagte “C" revenue 45 0 0
,, Interest account 8,088 19 9 i ,, Ruby Syndicate ditto 605 7 6
,, Stationery and ofi'ice expenses 379 13 6 ,, South Meyer and Charlton
,, Legal expenses and transfer 799 14 7 , revenue 160 0 0
,, Directors’ fees 1,925 0 0 , ,, Xmas Syndicate revenue 140 0 0
,, London oifice expenses 543 2 8 ' ,, Commission agent 264 8 10
,, Stable account . 172 5 7 l
,, Balance 3,542 11 0
£31,438 211 £31,438 2 11

Balance-sheet, December 31, 1894.

Liabilities.
£ 8 (1. £ 5. d
Capital account 400,000 0 0
Less reserve shares unissued 67,292 0 0
332,708 0 0
Bills payable... 25,918 14 9
Sundry creditors 226,024 3 2
Profit and loss account 329,987 6 10
£914,688 4 9

Assets.
£ 8.
938 Claims and 11 water-rights 123,932 16 momw?
Mooiiontein 10,883 18
Langlaagte freehold 17,071 19
Manager's house 8,081 18
215,500
118,585 Geldenhuis
194,150 South Rand
Crown Deep,Deep,
Gold Mining
Limited,
Limited, Company,
shares Limited, shares
shares

10,100 Ferreira
129,951 Gold
Rose Deep, Miningshares
Limited, Company, Limited, shares 505 638 3
233,900 Jumpers Deep, Limited, shares ’
365,257
3,271 Langlaagte
Nourse Deep,United
Limited,
Gold
shares
Mining Company, Limited, shares

9,889 Rand Tailings Reduction Company, Limited, shares

8,142 Vehicles and live-stock
Golden Fleece shares 203 0
QO O NWO Q
Furniture . 520 0
Chamber of Mines debentures . 500 0
Machinery ordered and paid for 16,363 5
Natal Spruit reservoir 24,184 17
Langlaagte Deep, development... 8,695 12
Sundry debtors 194,558 10
Nationale Bank der S.A.R. Bepkt. 4,004 4
£914,638 4' ‘9
 WI T WA TERSRA ND MINES. 35 1
Profit and Loss Account, December 31, 1894.

Liabilities. Assets.
.6 s. d. , £ 8. d.
To Stable account 419 11 0 By Balance from 1893 3,542 11 0
,, Salaries 1,656 7 9 i ,, Cigale Revenue 113 5 6
,, General expenses 3,418 2 4 1 ,, Langlaagte “C” ,, 33 0 0
,, Directors’ fees 1,925 0 0 ‘ ,, Marshall’s claims ,, 60 0 0
,, Interest account 21,082 5 4 ‘ ,, S. Meyer & Charlton ,, 130 0 0
,, Stationery and office cx- ‘ ,, Xmas Syndicate ,, 150 0 0
penses 583 14 3 ,, Bosman’s claims ,, 22 10 0
,, Office furniture 85 19 10 , ,, Lumber account 204 19 0
,, Transfer oifice expenses 390 19 7 ,, Commission... 1,516 1 6
,, ,, ,, furniture 27 13 3 j ,, Profit on Ferreira shares 355,203 18 2
,, London oflice expenses 1,219 8 5 |
,, Legal expenses 179 16 7 .
,, Balance 329,987 6 10
£360,976 2|‘ £360,976—5 '2

Statement showing approximately the appropriation of the Working Capital and Amounts
' received by Sale of Claims, etc.

Receipts. £ 1 Payments. £
Balance to credit of Profit and Loss 1 Subscribed working capital :—
Account, December 31, 1894 329,987 Rose Deep 43,317
Original working capital subscribed... 60,000 Nourse Deep 73,107
Bills payable, December 31, 1894 25,918 Jumpers Deep 78,000
Sundry creditors ... 226,024 I Durban Roodepoort Deep 36,416
Crown Deep 55,650
1 Langlaagte United Freehold 17,071
,, ,, shares 3,500
1
Mooifontein 10,883
l Langlaagte Deep development 8,695
l Manager’s house 8,081
Reservoir 24,184
Machinery paid for 16,363
‘ Nationale Bank cash 4,004
l Sundry debtors 194,558
£641,929 , £573,829

In addition to the above there are the purchase of 9,889 Rand Tailings Reduction shares, the
interest of 59 per cent. in the Golden Fleece Block of 50 claims, 53 claims purchased during 1894,
and sundry expenditure which is not detailed in the accounts. The above is merely an approximate
statement showing some of the heads of expenditure accounting for the grand total of £641,929.

Summary of income and expenditure from the formation of the Company on February 22,
1893, to December 31, 1893 :—
Receipts. £ 8. d.
From issue 332,708 shares fully paid 332,708 0 0
,, Sale of mining ground 30,172 19 7
,, Rents and revenue 965 17 6
,, Loans and unpaid accounts 169,638 14 9
£533,486 11 1o
352 WITIVA TERSRA ND MINES.

Expenditure. Claims. £ 8. d.
For mining ground, viz., 12 water-rights and 1357-8 138,271 16 8
For 650,713 shares in companies with total issue of 1,030,000 shares,
viz. :—
WemmerWorcester-Ferreira Deep Level Company, owning 31
claims.
Rand Mines holding 87,215 out of 90,000 shares = 30
Henry Nourse Deep Level Company, owning 29 claims.
Rand Mines holding 108,263 out of 125,000 shares = 251
South Rand Gold Mining Company, owning 155 claims.
Rand Mines holding 194,150 out of 300,000 shares = 73-6
Rand Deep Level Gold Mining Company, owning 191 claims.
Rand Mines holding 142,500 out of 250,000 = 1482
Geldenhuis Deep, owning 211 claims.
Rand Mines holding 118,585 out of 265,000 = 94 3 _279,27L2 *7
1,729 417, 19 3
For Mooifontein Farm, 1,222 acres . 10,782 0 8
,, Town property .. 2,175 4 0
,, Preliminary expenses £12,256 15 1
,, Interest 8,088 19 9
,, Ofiice expenses, salaries 5,398 _16 4
— 25,744 11 2
Total cost of properties to December 31, 1893 £456,247 15 1
Assets.
Advances to Henry Nourse Deep Company .. £3,670 2 8
,, for development South Henry Nourse ground 35,702 12 4
,, on machinery 18,682 3 0
,, oilice furniture 692 5 10
58,747 3 10
Bills receivable £15,000 0 0
Sundry debtors and cash... 3,490 12 11 18,490 12 11
_ -— 77,237 16 9
£533,485 11 10
The shares and properties are all entered at cost price. At the valuation of December 31,
1893, they showed a large profit. The companies whose shares are held by Rand Mines, standing
in as above at £456,247 158. 1d., possessed on December 31, 1893, cash, £74,929 98. 7d., and
machinery and development work of a value of £110,000. The Rand Mines proportion of these
assets amounts to—cash, £54,740; improvements, £65,000; total, £119,740. Therefore the Com
pany’s 1,729 claims cost £417,545 198. 3d. ; less, £119,740; total, £297,805 198. 3d. A Transvaal
mining claim extends 150 Cape feet along the strike of the reef and 400 upon its dip. This is
equal to a superficial horizontal area of 64,025 English square feet, or 171076 acres.
The following statement shows the financial position of the Company as on January 1,
1895 :—
Rcccipls. £ s. d. £ 8. d.
From Capital issued 332,708 0 0
,, Loans and bills payable 251,942 17 11
Less cash assets 214,925 19 6
—~——— 37,016 18 5
,, Profit and Loss—
Profit and loss from 1893 3,542 11 0
Revenue, 1894 508 15 6
Commissions 1,721 0 6
Profit from sale of shares taken for claims 355,203 18 2
Less— £360,976 5 2
Interest and exchange £21,082 5 4
Ofiice, legal general expenses (Johan
nesburg and London) 9,906 13 0
--- ——- 30,98818
7 4-_329,987 6 10
was 5 a
 WITWA TERSRA ND MINES. 353

Expenditure.
For Claims—938 claims, and 11 water-rights £123,932 16 2 £ 8. d.
,, Shares‘It in subsidiary companies equal to 918 claims,
partially developed and equipped 493,857 2 7
Total claimholding, 1,856 claims, cost 617,789 18 9
,, Shares 1' in Companies other than the above 11,781 1 0
,, Mooifontein Farm, 1,294 acres 10,883 18 8
,, Langlaagte freehold on 306 claims 17,071 19 0
,, Manager’s house ...£8,081 18 5
Furniture, live-stock and vehicles 723 0 0
Chamber of Mines debentures 500 0 0

,, Development—
9,304 18 5
Shaft-sinking and equipment Langlaagte
Deep £8,695 12 3
Construction Natal Spruit dam 24,184 17 4
32,880 9 7
£699,712 5 5
Although it is the policy of the Company to develop its mining grounds through the agency of
subsidiary companies, it was considered advisable to sell a few claims which were not necessary
to the Rand Mines’ general scheme of development. From the sale within the past two years of
38 claims the Company will have derived, when the realizations are completed, some £500,000 profit,
a sum which will leave about £85,000 cash in hand, after paying for all purchases since the forma
C.
tionPerkins
of the states
Company,
thatits
of general
the 1,856
expenses
claims and
owned
costbyofthe
development
Company, he
up estimates
to the endthat
of 1894.
1,700 contain
Mr.

the Main Reef series at a workable depth of less than 3,000 ft. On January 31, 1894, the share
interests are enumerated in the balance-sheet as follows: Rand Deep Level, 194,150; Wemmer
Ferreira-Worcester Deep Level, 87,215; Henry Nourse Deep Level shares, 108,263; Geldenhuis
Deep, 118,585; South Rand Gold Mining Company shares, 142,500. During 1894—95, the Rand
Mines received in exchange for claims: Rose Deep, 129,951 ; Jumpers Deep, 234,000; Nourse
Deep, 365,000; Wolhuter shares, 60,000; Metropolitan, 1,400; Durban Roodepoort Deep, 105,416;
Ferreira shares, 42,630; United Langlaagte, 25,000. All the Ferreira shares have been sold, also
the United Langlaagte ; 10,000 each in the Geldenhuis Deep and Rose Deep, and 30,000 shares in the
Nourse Deep have also been sold. Share-holdings December 31, 1894: Crown Deep, 194,150 (hold
ing unchanged) ; Geldenhuis Deep, 118,585, of which 10,000 have been sold during 1894; South
Rand Gold Mining Company shares, 215,500, increased by 73,000 shares ; Rose Deep, 129,901, 10,000
shares since sold; Ferreira Gold Mining Company shares, 10,100, since sold; Jumpers Deep,
233,900; Nourse Deep, 365,257,; of which 20,000 have been sold ; Langlaagte United, 3,271, since
sold; Rand Tailings Reduction Company, 9,889, bought in 1894; Golden Fleece shares, 8,142,
bought in 1894.
. * These Subsidiary Companies own 1,253 claims, 918 being the Rand Mines’ proportion. Further de
tails respecting these shares are shown in balance-sheet.
1- These shares have been sold, realizing a profit of about £125,030, which will appear in accounts for 1895.
1' This calculation is arrived at as follows :— .
On August 2, 1894, the Nourse Deep was formed with a. capital of £450,000, of which-—
£300,000 in shares went to the vendors.
75010 were issued for working capital at par.
75,000 reserve.
£450,000
The_Henry Nourse Deep Level contributed 26% claims.
,, Rand Mines ,, 11

Total am ,,
The percentage in shares agreed upon was— .
Henry Nourse Deep = 20833 per cent. = 62,500 sharespvhich gives 1 XKW share in Nourse Fe); for 2 "1 Henry
Rand Mines =79167 ,, ,, =237,500 o p
N urseDee .

300,000 [Note continued. p. 3 H.

VOL. I.
A
“@152 l 17.-RM),
OF THL
UN I VB RSITY
or
CAtlFonmAr
354 WITIVA TERSRA ND MINES.

DEALINGS or THE RAND Mums DURING 1894 AND 1895.

Rose Deep, Limited: This Company was formed during 1894; Rand Mines received 86,634
shares for 70 claims, with the right to subscribe for £43,317 of the working capital. The Rose
Deep possesses 133 claims. For particulars see Rose Deep, Limited.
Jumpers Deep, Limited .' Formed October, 1894. 189 claims of the Rand Mines have
been sold to the Jumpers Deep for 156,000 Jumpers Deep shares, and the right to subscribe
at par for £78,000 of the working capital. The present area of the Company is 224 claims.
Capital £400,000, of which £300,000 issued, balance held in reserve. The Consolidated
Deep Levels received 44,000 shares for their claims, with the right to subscribe 22,000 shares
at par towards the working capital. A further contract was made with the Jumpers Com—
pany in connection with the bewaarplaatsen, which comprise an area of 516 claims. If the
underground mining rights are granted, the Jumpers Company is entitled to 18 per cent. of the net
profits of the Jumpers Deep, after allowing 6 per cent. interest on the capital expenditure and.
10 per cent. for depreciation; or it had the option for five years to convert this percentage into
43,900 Jumpers Deep shares, with the right to subscribe 21,950 shares of the working capital at
par. There was also a provision made in the formation of the Jumpers Deep for the acquisition of
21 claims, originally known as the Jumpers and Heriot Deep Level, in which the Rand Mines has
a two-thirds interest, and further 21 claims (Donian Block) in which the Rand Mines has a half
interest. In case these properties go into the Jumpers Deep, the Rand Mines would receive
71,700 Jumpers Deep shares and the right to subscribe 35,850 shares at par, in which case
the Jumpers Deep capital would be £473,400, of which £157,800 would have been subscribed for
working capital, and the total claim area would be 313 claims. For particulars see Jumpers
Deep, Limited.
Nourse Deep: Total claim area, 269 claims. In this Company the Rand Mines holling
amounts to 365,257 shares, which have been received in exchange for 231 claims and 100,813
shares held by the Rand Mines in the Henry Nourse Deep Level Company. For particulars see’
Nourse Deep.
Wemmer-Ferrcira- Worcester Deep Level.‘ The claim area of this Company was disposed of on
August 14, 1894, to the Ferreira Company for 44,000 Ferreira fully paid shares. The proportion
accruing to the Rand Mines was 42,630 shares. Of these 32,530 shares have been sold by the
Rand Mines for £380,000, leaving 10,100 shares, which have since been taken up, realizing
approximately £121,000. The Rand Mines also exchanged 1 claim, together with £3,000, for 6'
claims (water-rights), Nos. 298 to 303, belonging to the Ferreira Company. Purchases: During
1894, 9,889 shares in the Rand Tailings Reduction Company, equal to about 99 per cent. interest
in 70 claims south of the Henry Nourse Gold Mining Company, were purchased. The option was
exercised in the purchase equal to 59 per cent. in the Golden Fleece Block of 50 claims on the dip
of the Glencairn Gold Mining Company. This is a very valuable block, which will be incorporated
in the Glen Deep which is just being formed. The Rand Mines also purchased 53 claims during
1894.
United Langlaagtc Claim Dispute .' The dispute which involved the Proprietorship of certain
112 claims south of the Pearl Central, United Langlaagte, Langlaagte Royal, etc., was settled by
means of a compromise. The settlement of this question, which would otherwise have been decided
by the law courts, constitutes one of the most important issues in the operations of the Company
during 1894. The question in dispute was one of title, which arose because the portion comprising
112 claims which the Rand Mines held under license title was alleged by the United Langlaagte
never to have been proclaimed ground; and as it held that the ground was unproclaimed it claimed
the ownership thereof. The matter, however, was arranged by the Rand Mines‘buying from the.
Of the £75,000 (underwritten at per) working capital—
20833 per cent. is £15,625, which the Henry Nourse Deep Level had the right of subscribing.
79-167 ,, ,, 59,375, which the Rand Mines underwrote.
£75,000
The Rand Mines held £109,813out of £125,000, which is the capital of the Henry Nourse Deep; as share-
holders in this Company they consequently approximately became entitled to—
54,906 shares, proportion of vendor shares.
13,726 ,, ,, ,, working capital underwritten.

e765. .,
Therefore the Rand Mines approximately received
For Rand Mines interest 237,500 shares.
" n ,, ,, proportion working capital 59,375 ,,
As Henry Nourse Deep shareholders 68,632 ,,
Total 365,507
 WI 7‘ WA TERSRA ND MINES. 355

United Langlaagte the freehold of an area equal to 372 claims (including 112 in dispute) for the
sum of £25,750. Together with legal expenses the total cost amounts to £30,091 188. 8d. In
order to protect the Rand Mines interests the directors purchased 25,000 United Langlaagte shares,
which on settlement of the dispute were disposed of with a profit of £15,462, reducing the cost of
the freehold to £14,628 193. At present the license money, of which the Rand Mines receives
half, amounts to 4'3 r cent. on the capital invested, which will be increased the moment the
licenses are converted in prospectors’ into diggers’ licenses, which is probable.
Recent Operations: (1) The Rand Mines sold 70 claims to the Wolhuter Company for 60,000
Wolhuter shares fully paid, together with a certain privilege to subscribe towards the increase of
capital. Refer to Wolhuter Gold Mining Company. (2) The Rand Mines sold 7 claims to the
Metropolitan Com any for 14,000 shares, together with the right to subscribe for 4,300 shares
more at 308. Re or to the Metropolitan Gold Mining Company. (3) 78 claims have been sold
to the Durban Roodepoort Deep for 69,000 of its shares, 36,416 more being subscribed for at par.
(4) In July, 1895, 8437 claims were sold to the Glen Deep for 230,000 shares (of which nearly one
fourth were subscribed for at par). (5) In September, 1895, the Company sold its 187 claims south
of the Langlaagte Estate property to the Langlaagte Deep (which see) for 600,000 shares, while at
the same time it subscribed for 50,000 shares at £3 each. The Rand Mines owns the entire issued
capital of this new company. (6) It is also proposed to sell 27 claims on the dip of the Paarl
Central property ‘for 160,000 shares in the Paarl Central Company. This matter is to be settled
at a meeting of shareholders in the latter, to be held in November, 1895.
Table (December 31, 1894) showing the properties in which the Rand Mines is interested,
which are in course of development or upon which work is to be started shortly.

l l

Y No_ of Proportion l Cash required Proportion cash ‘,Vhen crushin . _

Name. - owned b Rand be ond alread to be su lied g is ex
chums‘ Minyes. yprovided. y by Bandllillines. pected to begm'

Glen Deep‘ 250? 43 per cent? ' £300,000 £129,000 Shafts not started.
Rose Deep 133 433 ,, ,, a 200,000 86,600 Latter end of 1896.
Geldenhuis Deep 211 441 ,, ,, l 100,000 44,100 Latter end of 1895.
Jumpers Deept , 224 78 ,, ,, 300,000 234,000 Latter end of 1897.
Nourse Deep 269 971 ,, ,, ‘ 200,000 194,200 Latter end of 1896.
Ferreira Deep | 142 58-3 ,, ,, , 300,000 174,900 Shafts not started.
Crown Deep 191 77 ,, ,, ‘ 350,000 269,500 Latter end of 1896.
Langlaagte Deep: 250? all 350,000 350,000 Latter end of 1897.
Natal Spruit Dam — all I 40,000 40,000 To be completed in 1895.
Booyseu’s Dam — ‘, all ' 30,000 30,000 To be completed in 1895.
. l

| .
Totals ' ' £2,170,000 £1,552,300

The above estimate of the cash requirements is a rough approximation, and may be varied if
the subsidiary companies raise working capital by the sale of unissued shares. Mr. Lionel Phillips
in his annual speech, March 7, 1895, stated that according to the balance-sheet, December 31, 1894,
sundry creditors and bills receivable amount to, roughly, £252,000. Against that there were
sundry debtors amounting to £194,000. The sundry debtors included machinery ordered and paid
for, which really had to be returned to the Rand Mines. The larger debtors, constituting the
amount of £194,000, are : Geldenhuis Deep, £21,000; Crown Deep, £69,000; Nourse Deep, £33,000;
H. Eckstein & Company, £63,000; total, £186,000. The net cash position of the Rand Mines at
December 31, 1894, was a sum of £37,000 to the debit of the Rand Mines. He estimated that for
the year 1895 they would require roughly about £650,000 or £700,000 to supply their share for the
development of the various subsidiary companies and their own. Against this during the first
quarter of the year, they had realized £389,000, and they had a debit of £37,000 at the beginning
of the year. They therefore had a sum of £350,000 available towards the requirements until the
end of 1897 of roughly one million and a half sterling. Debentm'e Issue : It had been the original
intention of the board to issue debentures to meet the requirements above referred to. This
* The precise size of this property and the proportion which will be held by the Bend Mines is not yet
determined.
1- The size of this re rty will probably be increased.
1’ The exact boundhri: of this block are not yet fixed.
356 WI T WA TERSRA .v D MINES.
suggestion has, however, been entirely abandoned for the present, as the circumstances do not call
for the acceptance of such a measure.
VALUATION 0F AssErs—Mr. Lionel Phillips stated at the annual meeting on March 7, 1895,
that the market value of the shares in the subsidiary companies, which included Crown Deep, Gelden
huis Deep, Rose Deep, Jumpers Deep, Nourse Deep, South Rand, Metropolitan, Durban Roodepoort
Deep, and Wolhuter, represented fully at £6,794,327, which brings out the market value of Rand
Mines, taking these few assets alone, at £20 per share. The following approximate value at the
prices of June, 1895, brings these assets out at 8} millions, viz. :—

Taken from balance-sheet, December, 1894.

£ 8. d. £
291,725 Crown Deep at 10 0 0 £2,917,250
118,585 Geldenhuis Deeps 10 0 0 1,185,850
129,951 Rose Deeps 5 0 0 649,755
10,100 Ferreira 12 0 0 121,000
233,900 Jumpers Deep... 5 0 0 1,169,5(X)
365,257 Nourse Deep . . 5 0 0 1,826,285
60,000 Wolhuters 7 10 0 450,(X)0
14,000 Metropolitan 2 10 0 35,000
105,416 Durban Roodepoort 4 0 0 421,664

£8,776,304

The issued capital of the Rand Mines is £332,708. The shares on the basis of the above assets
work out at £26 a share. Shares not taken into above valuation: 215,500 South Rand, 3,271
United Langlaagte, 9,889 Rand Tailings Reduction Company, and 8,142 Golden Fleece. Outside
the above assets the Company retains 938 claims and 11 water-rights, and the freehold of the farm
Mooifontein. Speaking of the Mooifontein freehold, Mr. Phillips drew attention to the value of
this property as a deep level proposition. The farm has an area of 881 claims. The eastern
boundary was 6,800 ft. from the outcrop, and the western boundary 4,300 ft.; that give an average
distance to the north limit of 5,500 ft. Considering that Mooifontein is under exceedingly rich
ground, this asset is also a very valuable one, and one which has hitherto not been sufiiciently
recognized.
Important statements made by Mr. H. C. Perkins, the Company’s general manager, bearing
upon the Company’s respective properties: February 28, 1894—(1) The nearest of the Company’s
claims lie within about 300 ft. of the outcrop, the most distant are some 6,000 feet away. (2) The
dip of the reefs at the outcrop varies from almost vertical to almost flat. Usually it is nearer the
vertical, flattening with depth. The average dip of the reefs in the ground of the outcrop com
panies Mr. Perkins estimates at 40° or more from the horizontal, while in the Rand Mines he
judges it is 30°. The superficial area of the reef in one claim is, where the slope is 40°, 83,552 sq.
ft.; where the slope is 30°, 71,387 sq. ft. (3) Two beds are generally only worked, in some places
three, occasionally but one. The reefs range in thickness from a few inches to over 10 ft.; the
thinnest are worked to a thickness of 30 in., while others are taken out in places for a width of
10 ft. and more. The estimated combined average thickness is 51; ft., a width that will be
materially increased when the Main Reef body itself is extensively worked. With an average
thickness of 5% ft. the yield of ore would be, from a reef with 40° dip, 36,348 tons per claim; from
a reef with 30° dip, 30,195 tons per claim. From this aggregate should be deducted 10 per cent.
for losses from faults and dykes. (4) The mining claims cover layers of auriferous conglomerate
analogous to coal beds, and as reliable as those for calculating extent and quantities. (5) As to the
richness of the beds, the results of 4,300,000 tons yielding 2,920,000 oz. of gold taken from 26 com
panies from an almost unbroken extent of ground 10 miles in length, and from depths varying
from surface to 600 ft., speak for themselves. In addition boreholes have proved the continuance
of the deposit as far as a depth of 2,400 ft. Results of 26 companies owning claims to the north
of the dip claims owned by the Rand Mines, some 976 claims in number: They were operating with
about 1,370 stamps; and during 1893 crushed 1,411,000 tons, yielding 922,047 oz., value £3,227,(I)0.
These companies are capitalized at £5,967,723, and their shares at market value are (Feb., 1894)
worth $512,000,000. During 1893 sixteen of these companies paid dividends aggregating £854,209,
over 14 per cent. on the capital of all of the above-mentioned 26 companies, and over 7 per cent.
on the current value of the shares. Again in February, 1895, Mr. Perkins said: “During 1894
thirty outcrop companies from the United Langlaagte to Glencairn, a distance of nearly 14 miles,
working with some 1,650 stamps, crushed 1,987,000 tons, yielding 1,346,177 oz. of gold, valued at
 WITWA TERSRAND MINES. 357

£4,635,600, or 131; dwt., or 46.9. 7d. per ton. Seven of these companies paid dividends during the
year, aggregating £1,152,103, or 118. 7d. per ton on all the ore worked by the 30 companies."
Assuming that all the yield not paid in dividends went for working costs, these amounted to 35s.
per ton. Though a severe method of calculation, Mr. Perkins considers it the only correct one to
take when a company is in full working order. 30 companies having an issued capital of £6,617,314
paid dividends at the rate of 174 per cent. On December 31, 1894, these shares had a market
value of nearly £25,000,000, the average dividend on that sum being 46 per cent.
(6) Working costs.‘ Mr. Perkins states, February, 1894: The average cost of working per ton,
arrived at by deducting from the gross yield of last year the dividends actually paid, was 338. 601.,
while the yield was 45s. 6d. Out of the 26 companies 16 paid dividends. The average profit from
working the present class of ore he thinks can be increased to 208. per ton. Under this head Mr.
Perkins states, February, 1895: The average working cost based on dividends paid during 1894
shows an increase of Is. 6d. per ton over the previous year; this he considers more apparent than real,
and expects a general material reduction in costs.
(7) Increase of working costs in depth: On this point he states: Although reasonable to
assume that expenses increase with depth, these, it is found by experience, are generally offset by
the gains from improvement in equipment and methods.
(8) Average yield of ore : The yield of the ores from the area above referred to has been :—

1887—1889, 401,112 tons milled averaged 175 dwt. per ton, of a value of 708. per oz. or 38. 6d. per dwt.
18907 7! 77 71 17 )7 77 77 17 77

18917 y 77 )7 1’ H I? 71 1! ,7
18927 172017850 ‘1 H I! H 77 77 77 11 H
1893’ 71 77 77 H H 77 H )7 H

During the first three years the quantity of ore treated was small, only the richest ore being
extracted. Then followed two years of more regular working, when there was less opportunity for
selection of ore, and the average yield fell to 133} dwt. per ton, decreasing with an increasing output.
In 1892 and 1893, although the tonnage has been largely increased, the yield has not fallen
materially, to some extent owing to the yields from reserves of tailings. In 1893 the tailings
gave 188,500 oz. out of a total of 922,047 oz. As there were 1,411,000 tons of ore milled, the yield
from tailings was 26 dwt. per ton of ore crushed.
(9) Increasing richness of ores in depth: On this point Mr. Perkins states that there has
been no change down to the depth then attained. The Rand Mines, in connection with other
Companies, was (December, 1893) engaged in the development of the following claims :—

Estimated depth ‘ Depth completed on Proportion of

_ No of to reef. December 31, 1893. Total claims
Mines. aha'fts Total No. of owned by the
' N0. 1. No. 2. ‘ N0. 1. No. 2. claims. Rand Mines,
a. a. ; a. a. Limited.

Rand Deep... 2 1,025 1,40) 1 335 295 191 , 1483

Henry Nourse Deep
South Henry Nourse
1
2
800
800
‘
900 i
3741; 547._&
29
240 1
251
240
Geldenhuis Deep 2 583 900 ‘ 583 431 211 , 943
Rose Deep .. 2 750 700 I 42 28 , 133 , 571;

3,958 3,900 1 1,918 1,901;- l 804 j 5653

3,900
' ' 1,301% I
Total 7,858 3,219.‘; I|
Completed 3,2191

Uncompleted (Dec, 1893) 4,638; I 1

 358 lVITlVA TERSRA ND IlIINES.

During 1894 the development work shown on the following table was done :—

‘ ,1 1 _
1 Rose Deep. Geldenhuis Deep. Nourse Deep. } Crown Deep. 1 Laxbggeaggte

.
Pemd' Shaftshafelshafhishaid ‘éE Shaft Shaft‘! Shaft 2':5; Shaft Shaft 15g 1,‘Shaft Shaft
, ‘ 1

No.1.{No.2.No.1.No.2-! g ‘No. 1. No. 2.‘No. 3. No. 1. No.2.i @ ‘No. 1.‘ No.2.

‘
M—f i I 5 l
—'71""’*5 l
*1" 5 i l 1 5 .
'*'—*——1’\'1_
January... 121 40 50! 145I 321 1 28 l 551 31 [
February 241i 2c 30] 171] 15 20 51‘ 43 1
March 44 l 24 53; 2'7 52 1 17 621 72
April 41 , 20 15‘ 303! 55 39 62‘ 71 1
July
:1 22,52
57 1 45 20 404
3
61
[5
31 18
3
90‘ 86 I
:
August so 1 56 l 557 54 57 j 35 40‘ 32 12 l 1
September 78 l 83
03 23 i 689 48 49 44 341 ! 46, 52l153
03 40
October 55 574 27 l 32 51 \.
November 58 , 31 35 803 52 , 37 94 ' 66, 28 152 42 , 3
December 87 53 34 929 30 1 52 86,1; 24. 00 205 48 1 75
mfg?’ 554 £598 349 5507 4331 2281 413 215 ! cool 707572 1 90 83
Previously. 42 y 23 533 431. 27 5831 5471 374 i 3351 295} ,
1 - 1

Total to l [ F 1 | __ |
Jan 1’ 189,, 696 I626 583 780‘ 5024 , 1017 775 ‘787 215 1030 i 1002 572 l 90 , 33
I1, a , 1 .,

* Work suspended while waiting for pumping machinery.

Jumpers Deep No. 1 shaft was started in January, 1895. Table showing the points at which
the Main Reef series has been met with in the working of the deep level properties.

I, Vertical depth where Distance from outcrop

reef is now developed. on slope of reef.

. 1
Rose Deep No. 2 shaft l 670 ft. 1‘ 1,700 ft. in shaft.
Geldenhujs Deep No. 1 shaft , 760 ,, , 2,200 ,, on incline.
Geldonhuis Deep N0. 2 ,, 740 ,, 1 2,300 ,, in cross-cut.
Nourse' Deep N0. 1 shaft ‘ 985 1 1,100 ,, in shaft.
Crown Deep N0. 1 ,, 1,030 ,, ‘ 1,900 ,, in shaft.
7

It is anticipated that the Langlaagte Deep shaft No. 2 and the Jumpers Deep will intersect
the reef in 1895 or early in 1896.

The following figures show the progress made at the properties in which the Company is
interested :—
 WI T WA TERSRA ND MINES. 359

Pmpert". ,1' shat" Jul 31

1695.’ Durin
Augusg. Augustin,
139?» Se11895.
1:. 15, .
' ‘I; "P- l Feet. _I~Teet..w I’Feet. ‘EW—
Geldenhuis Deep , Shaft l. 583 — 1 583 583
1 2 level east 672 65 i 737 748
l ,, west 537 _- 537 537 -
3 level east 667 41 l 703 726
I ,, west .. | 1,114 _ 1,114 1,114
I 4 level east , 479 60 , 539 564
l ,, west 813 — 813 813
i 5 level east , 520 57 577 596
1 ,, west 1 804 76 880 900
1 6 level east , 69 50 119 133 '
I ,, west 79 46 125 133
1 Boxes \ 199 101 300 300
i Shoots 49 72 121 137
' Incline 713 15 728 728
1 Winzes 741.1. 97 838;, 875;
Raises 1,393 130 a 1,523 1,589
Shaft ll. , s70 _ 870 870
31evel east 5 265 1 _ 205 265
I ,, west 430 l, — 430 430
l 4 level east 428 , - 428 428
- ,, west 1 510 | 82 592 617
, 5 level east ‘ 432 60 492 514
,, west -l 311 l 53 364 385
6 level east , 52 — 52 52
,, west ...t, 50 — 50 .50
Incline . 62 , I — 62 62
Cross-cuts
Winzes ,l 1,070
249 ——
60 1,070
309 1,070
330
Raises ... ... ... . .. 350 78 428 455
Boxes 51 42 93 93
Station 21 -— 21 21
Shoots 11 — 11 11
1
l
1 . ‘ Total 14,594§ il,185 15,769.]; 16,129%

1
Nourse Deep ‘ Shaft l. . 1,017 -- 1,017 1,017
'Incline ...: 142 ‘ 35 177 1 209
985 ft. drive east 95 l 101 196 ! 249
,, west 623 i 104% 727.1; 3 774
‘ Cross-cuts 1 — { 90§
West or south cross-cut 18 ~ 18 18
| Winze 40 . —- 40 40
l 885 ft. cross-cut north i 156 l — 156 156
,, drive east 48 — 48 48
,, ,, west l 101}, ‘I — 101% 1 101%
I Winzes ‘ 6 ‘ - 6 6 ,
, Shaft ll. ..., 1,135.3, as; 1 1,204 r, 1,237
f 1,008 pump chamber 20 1 -- 1 20 l 20
, Cross-cut north 275 -— 275 5 275
Drive east ' 18% 103k 1 122 166
, ,, west 26 1231; 1491 1 207
1 Shaft Ill. 862g , —- 862.1; ' 872
l 742 ft. north cross-cut 130 , — , 130 130
1 845 ,, ,, ,, 114 —— I. 114 114
,, ,, south ,, ' 150.‘; 1 83% , 234 234

Total ‘ 5,069 1 e191, 5,088; 5,961

360 PVITWA TERSRAND MINES

Pwpmy- P SM- 1895.:11,

Jul_ 132.1%.
D ' A “i133.131, , Se3195?
t.1',
, 2 Feet._ Feet.’ 76;? *Feetj
Jumpers Deep 1 Shaft I. 404 56 460 —
Shaft ll. 306 76 382 —

Total 710 132 842 l —

Crown Deep Shaft l. 1,091 - 1,091 : 1,091

Cross-cut .. 171 j — 171 171
1 level, cross-cut 211 I _ 211 21)!
,, west (South Reef) 471 — 471 1 471
2 level, cross-cut 269 , — 269 I 269
,, west (South Reef) 975 , 132 1 1,107 , 1,157
,, east ,, 219 , 40 259 278
,, west (Main Reef Leader)... 59 —- 59 ' 59
3 level, cross-cut 62 1 — 62 I 62
,, west (Main Reef) 27 — 27 ! 27
,, east ,, .. 1 82 ‘ 65 247 ‘ 271
,, cross-cut north 88 ‘, — 88 88
,, ,, south 144 36 180 201
,, drive E. from cross-cut N. 22 i 36 58 58
n ,, W- n n N- 57 , 54 111 i 132
n n E- n n s- _' | 5 5 27
,, ,, W. ,, ,, S. — , 4 4 4
1,03011. Engine-station 22 - 22 l 22
,, cross-cut 38 — 38 38
,, west drive 22 —- 22 l 22
,, incline 34 —— 34 34
Shute 59 — 59 59
Incline 32 2 34 55
Winzes 169 68 237 l 271
Raises 15 13 28 l 52
Shaft ll. — _— — I 1,057
2 level, cross~cnt 632 172 804 822

Total 5,9281, l 627 1 6,8191

Langlaagte Deep... Shaft l. 237 73 346 378
Shaft ll. 439 71 510 540

Total 676 144 856 918

‘ 1
Durban Roode} ‘ Shaft I. 208 80 288 J _
poort Deep Shaft "_ 139 85 224 _

Total 347 165 512 —

Dam : The Company is constructing a'liuge'central storage masonry'dam 40 ft.-in-heigl1t. 1' Up

to February, 1895, there had been £24,000 spent on construction. The complete cost will be £47,000.
The pumping plant in conjunction therewith will cost £15,000. The Booysen spruit earth dam,
30 ft. in height, is in course of construction. Its cost, with pumping plant and pipe line to Crown
Deep, will be £30,000.
Continuation of Reefs: Mr. Perkins says: It has been demonstrated that the Main Reef
Banket series continues into the deep claim levels entirely regular as to their width.
 IVITWA TERSRAND MINES. 361

Dykes and Faults: Interference by dykes and faults will be no greater in the deep level
claims than in those above. '
Quality of Ore: The reefs in the deep level claims carry fully as much gold as those in the
outcrop companies‘ claims.
GENERAL REMARKs.—The Rand Mines is in every respect the largest undertaking on the
Witwatersrand Goldfields. The claim-holdings are so distributed that, should one of the properties
prove disappointing, it would not necessarily afi'ect the others, a fact which is a great insurance
and protection for the investor. The Company has been, and is being, well financed and managed.
It could pay a very substantial dividend to-day out of the enormous profits already made, but the
policy is in the first instance to provide for all future capital requirements prior to paying
dividends. The subsidiary companies are being equipped in the most perfect manner possible.
The most sanguine predictions concerning the success of this ‘enormous undertaking appear to be
justified. It is considered by authorities of superior experience to be the largest undertaking of
its kind which is known to the mining world.

RAND SOUTHERN GOLD MINING COMPANY, LIMITED.

Formed in March, 1895.
CAPITAL—£100,000 in £1 shares; 83,000 shares issued, 40,000 being fully paid up and 43,000
having 158. paid up.
Directors.
EDWARD RAwLmos (Chairman), Sm ALBERT AL'I‘MAN, Cimaux W. 0. Homes, J.P., FREDERICK
H. KIRBY, HERBERT KNATCHBULL-HUGIBSEN, M.P., and F. LOWREY (Managing Director).
, Svcrefary and Oficc.
T. TUrEN \Numcox, 16, Victoria Street, Westminster, S.W.
GAPITAL.—Th6 vendor (Mr. Francis Lowrey) received £60,000 for the property and battery,
£20,000 being in cash and £40,000 in shares. The working capital provided is £23,000, and there
are 17,000 reserve shares.
PROPERTY.——A mynpacht of 124 acres, on the farm Oliphant’s Vlei, No. 86, in the Heidelberg
district, Witwatersrand, 9 miles south-west of Johannesburg. The lateral extent of the Black
Reef, so far as it has been proved in the limits of the mynpacht, is 2,800 ft., the distance from the
southern boundary being from 1,100 to 1,300 ft. The reef-bearing ground extends to 51 mining
claims (in three rows), rather more than half of the mynpacht constituting the mining area. The
mynpacht is held under a 21 years’ lease from July, 1889, at £280 per annum, the Com any
having the right of purchasing the freehold for £4,000 at any time before the expiry o the
lease. In addition the Company in October, 1895, purchased 167 claims on the dip of the above.
The terms of purchase are not stated.
MACHINERY. -A 15-stamp Sandycroft battery; and a cyanide plant, capable of dealing with
4,000 tons per month. The latter is in course of construction.
GENERAL RmiARKs—The property has been reported upon by Mr. Louis Campbell-Johnston,
who states that the reef is 3 ft; 6 in. thick, that it dips south at an angle of 10°, that it can be
worked on the “ long-wall ” system like a bed of coal, that the assays average 17 dwt. per ton, and
that a total recovery of 12 dwt. per ton can be expected under existing circumstances. He estimates
that the cost of mining and milling, apart from cyaniding, will be 148. per ton. As the Black
Reef is highly pyritic, only a third of the probable extraction can be expected from the mill, so that
a cyanide plant is an absolute necessity. When the property is sufficiently developed, additional
stamps may be put up; but possibly this idea will be given up in favour of dry crushing and the
direct cyanide treatment. The directors hope that crushing with the 15 stamps will commence
about October, 1895.

RAND VICTORIA MINES, LIMITED.

Formed in October, 1895.
CAPITAL—£750,000 in £1 shares; 630,000 issued and fully paid up.
Head Office.
8, Old Jewry, E.C.
CAPITAL APrR0PRIA'riox.-To the vendors (the Simmer and Jack Gold Mining Company, Mr.
F. A. English, the ‘Goldfields Deep, and others) 430,000 shares; subscribed for working capital at
 362 WITWA TERSRA ND MINES.

£2 by the vendors, 100 000; held in reserve, 220,000 ; total, £750,000. The working capital so far
provided is, therefore, £200,000.
PROPERTY.—955 claims on the farms Elandsfontein No. 1 and Elandsfontein No. 235, 40035
claims being at the south of the former and the balance at the north of the latter, the whole forming
one block. The claims acquired from the Simmer and Jack consist of 4638 claims on Elands
fontein No. 1 (being the lower line of claims on its main block), 142'58 claims on Elandsfontein
No. 235, and a ‘water-right equal to 6538 claims adjoining. The English blocks taken over consist of
‘240 claims, 97-56 claims and 1641 claims on Elandsfontein No. 1. The balance of the claims, all
on Elandsfontein No. 235, consist of the Benjamin block of 108 claims, the New Era Syndicate’s
blocks and a block bought from the Goldfields Deep. The amalgamated blocks are bounded on the
north by the Simmer and Jack, on the West by the Simmer and Jack West, and on the north-east
by the Simmer and Jack East. The northern boundary is rather more than a mile from the
outcrop.

RIETFONTEIN DEEP, LIMITED.

Formed in April, 1895. ‘
CAPITAL—£275,000 in £1 shares ; 250,000 shares issued and fully paid up.
- Directors.
E. BRAYSHAW, E. H. DUNNING, G. A. Jomas, and J. H. LESLIE.
Secretary and Ojfice.
S. B. DOWLING, Bettelheim Buildings, Johannesburg.
CAPITAu—The vendors received 200,000 shares ; 50,000 shares were taken up at par, providing
/ £50,000 of working capital ; and 25,000 shares are held in reserve.
PROPERTY.—-84 claims (the Doveton block) situated immediately south of the eastern mynpacht
-0f;_the New Rietfontein Estates Gold Mines, Limited. The block is therefore bounded on three sides
by the New Rietfontein property. (For plan, see Volume III.)
GENERAL REMARKS.—TWO bore-holes have been put down on the northern boundary, striking
the reef in both instances. It is stated that the Consolidated Gold Fields of South Africa and the
South African Gold Trust bought 50,000 shares at par from Mr. E. H. Dunning in July, 1895.
This Company has no connection with one of similar name registered in England.

RIP GOLD MINING COMPANY, LIMITED.

Formed in 1895.
CAPITAL—£65,000 in £1 shares; all issued and fully paid up.
Directors (all resident in Paris).
E. Mox'rron'r, G. Mowrron'r, COUNT Prssm, A. BELLEMANN, R. RIDET, and — PocssELm-L
Local Board.
F. W. DIAMOND and L. M. CHOUAN.
Paris Secretary and Oflicc. London Secretary and Oflcc.
A. PERVYOLLO, 1, Place Boieldieu. H. SELBY, 8, Old Jewry, E.C.
Local Secretary and Oflicc.
A. D. COE, Johannesburg, Transvaal.
CAPITAL.—The Company was floated with a capital of £65,000, of which £28,249 re resents
working capital, the balance, £36,751, being expended in the purchase of the mine and mi 1 of the
old Fern Company, and of the claims of Mr. L. M. Chouan.
PROPERTY.—The property of the Company is situated on the farms Luipaard’s Vlei and
Witpoortje, about 16 miles to the west of Johannesburg and 5 miles from Krugersdorp, and con
sists of the property of the Fern Gold Mining Company and a number of claims formerly belonging
to Mr. L. M. Chouan. Total extent, 67 claims. The Johannesbnrg-Krugersdorp railway passes
the property at a distance of 2 miles. Nearest stations: Luipaard’s Vlei and Krugersdorp. (For
plan, see Volume III.)
:‘1 MINING Irrrnnmcnuca—The reefs crossing the property belong to the Kimberley series.
The reefs known as A, B, and D are worked from 5 incline shafts and 2 vertical shafts, as
 WITWA TERSRA ND MINES. 363
follows :—Reef A: a vertical shaft: an incline shaft will shortly be sunk on the reef; Reef
B: an incline shaft; Reef D: four incline shafts and one vertical shaft. The dip of the reefs
varies from 15° to 25°, and their value varies. Some high assays have been obtained. The reefs
are generally very thick, and can be stoped with a width varying from 7 to 12 feet. The
following are the numbers of feet sunk to date in each shaft, following the incline :—
Reef B,No.1incline 81 feet.
ReefD,No.2 ,, 81 ,,
,, ,, No.3 ,, 87
,, ,, No.1} ,, 113 ,,
,, ,, No.0 ,, . 121 ,,
MACHINERY AND PLANT.—Th6 crushing and cyaniding plants are in course of erection. It
has been decided to adopt the dry crushing and direct cyanide treatment system of the ore. The
crushing will be done by crushers and rolls, the latter being of a kind patented by Mr. L. M.
Chouan. The ore will be brought to the cyanide plant by mechanical haulage. The cyaniding
will be effected by a new process patented by Mr. E. de la Bathie. The whole installation will be
ready shortly.

ROBINSON DEEP, LIMITED.

CAPITAL—£400,000 in £1 shares ; all issued and fully paid up.
Directors.
CAPTAIN E. F. Rnonns, G. RICHARDS, E. Bmxaxno'rn, and H. B. MARSHALL.
London Committee.
H. E. M. Davim, LEIGH HOSKYNS, and E. CLERK.
Secretary and Head Oflice.
D. RINTOUL (R0. Box, 1488), Johannesburg, Transvaal.
London Secretary and Ofllce.
J. T. Bnnnoaooorr, 8, Old Jewry, E.C.
CAPITAL APPROPRIATION.—Tlle vendors received 100,000 shares for the property (75,000
being paid to the Goldfields Deep and 25,000 to the Paarl Ophir Gold Mining Company), and
300,000 shares were issued at par, providing £300,000 of working capital.
PROPERTY.—~Consists of about 250 deep level claims. They form the deep level of the
Worcester and Ferreira Mines and a portion of the Robinson mynpacht lying east of the sprult.
The north line is approximately 3,5(D ft. along the strike of the reef, and the ground has a width
from north to south of about 1,500 to 2,000 ft. The northern boundary strikes diagonally to the
south-east, which brings the east end of the block farther from the outcrop than the western.
The township Ophirton occupies the south-western portion of the ground, the underground mllllng
rights having been purchased from the Paarl Ophir Gold Mining Company. The distance of the
north line from the nearest part of the outcrop of the Main Reef series is about 2,500 ft.
struck
Estimated
at a depth
depth
of 1,800
at which
to 2,000
the reef
ft., and
willinbeNo.
struck
1 shaft
.' In at
No.a 2depth
shaftofthe
2,250
reeftois2,300
expected
ft. Est:
to

mated dates when reef may be struck: In No. 2 shaft, about November, 1896. In No. 1 shaft,
about the beginning of 1897. Estimated cost of shafls: The recent cost of sinking has been
about £20 per foot. This would bring out the total cost of sinking at £50,000 per shaft.
DEVEIDPMENT.—The mine is to be developed by means of two vertical shafts. No. 1 (east)
shaft is 300 ft. further south than No. 2 shaft (on the west). No. 2 shaft is 16 ft. 4 in. x6 ft.
inside timbers, and is provided with two hauling ways, each 4 x6 ft., and a ladder- and pump
way 6 x 6 ft. The timbers are 6-in. pitch pine. No. 2 shaft is about 3,000 ft. from the outcrop;
the average angle of formation dip in the shaft is about 30°. The shaft is fitted with a head
gear 43 ft. high. A 60 h.p. Robey winding engine does the hauling, and is provided with double
(3 ft. drums. No. 1 shaft is 20x6 ft. inside timbers. It is also a three compartment shaft,
with 2 cage-ways and a pum and ladder-way. The plan ado ted for developing the mine. is
to divide it into 3 sections, a owing half the block to be deve oped from each shaft. Sinking
was commenced in May, 1894. All the work has hitherto been done by hand labour, by gangs
of 18 boys under 1 White man upon a shift, and timbering carried on simultaneously with sinking,
the shafts being timbered to within a few feet of the depths now attained. The record of work
done is as follows :—
364 IVITWATERSRAND MINES.

Period 1 No.18haft. ’ No.2Shaft. Tota1 feet

' I Feet sunk. Feet sunk. sunk.

1894—May 31 I 53 l 65 I 118
June I 42 1 56 I 98
July 63 . 43 ' 106
August . 54 1 57 I 111
September , 50 1 58 I 108
October ; 52 I 77 129
November 66 so 146
December 83 ' ‘ 71 154
1895—January... 73 ' 83 156
February 70 i 70 140
March , 84 78 162
April I 85 77 162
May ‘ 55 70 125
June 63 93 l 156
July ’ 85 89 f 174

, 978 1067 2045

Depth in August ‘ 1017 1108 2125

It will be seen that the average rate of sinking is 71 ft. in No. 2 shaft, and 65 ft. in No. 1 ; the
average rate in the two shafts being 68 ft. per month. Three chambers have been cut in No. 1
and four in No. 2, but little interruption has been caused in consequence.

ROBINSON GOLD MINING COMPANY, LIMITED.

Formed in 1887.
CAPITAL—£2,750,000 in £5 shares; all issued and fully paid up.
Directors.
LIONEL PHILLIPS (Chairman), A. BEIT, JAims HAY, H. A. Rooms (alternate W. H. Rooms),
and F. ECKSTEIN (alternate G. Boomer).
Trustees of the Company.
LIONEL PHILLIPS and F. ECKSTEIN.
Consulting Engineer. General Manager.
Hams Jnsmxcs. THOMAS Mam.
Bankers.
THE STANDARD BANK or SOUTH AFRICA, LIMITED.
Solicitor. London Agents.
CHARLES LEONARD. Smox MARoUs and CnAanrs Russ.
Secretary and Head Ofiice.
H. B. PRICE, Tiu'fi'ontein, Johannesburg.
London Secretary and Oflice.
E. MARcUs, 28, Austin Friars, E.C.
Transfer Oflices.
Johannesburg Eckstein’s Buildings.
Paris Banque de Paris et des Pays Has, 3, Rue d’Austin.
CAPITAL CnANGFs~Original capital, £50,000, in £1 shares. In February, 1889, the capital
was increased to £53,375, the increase serving to absorb the Kam-boula property, consisting of six
Mam Reef claims on the eastern portion of the ground, and to cancel the lease the Kamboula
 lVITlVA TERSRAND MINES. 365

Syndicate held over 100 acres of the mynpacht. Besides the 3,375 new shares, the Kamboula
Syndicate received £15,000 in cash. On February 16, 1889, the capital was again increased to
a nominal total of £2,750,000, the old shareholders receiving ten new shares of £5 each for each
share of £1, making £2,668,750, and leaving in reserve 16,250 shares of £5 each. Of the latter
10,000 were sold in August, 1889, realizing £50,000. The remaining 6,250 shares were sold in the
early part of 1894 at par, the proceeds going towards the purchase of thirty deep-level claims, on
which purchase a balance of £30,000, with interest to be added, falls due in November, 1896.
ACCOUNTS AND FINANCES.-—Accounts are made up annually to December 31. Reports to
the shareholders on mine development, and expenditure and revenue, are issued monthly. The
following is a summary of the accounts :—

l £
1891.a. d. .6
1892.a. d. £
1893.a. (1.
1894. a.
£ 11.
Gold sales (mill) I 303,012 7 2 351,068 8 11 377,116 15 0 402,330 18 0
Total expenses... 1 88,411 16 1 152,375 11 11 140,862 6 4 191,487787185
Gross profits on millin 214,600 11 1 198,692 17 0 236,254 8 8 210,843 16 7

Gold sales (tailings) 8,471 10 7 97,672 5 8 57,94410 4 65,397 14 4

,, (concentrates) 136,318 12 6 160,212
Expenses(Retreatmentaccount)| 5,043 2 1 “ 73,795 19 0 43,606 81 81 i31,7971<19—6
184,199 13 0

Concentrates purchased 67,025 14 5 8),974 16 6 87,688 18 11

1“- v . v

Gross profits on tailings and ,

concentrates . 3,428 8 6 93,169 4 9 93,602 7 5 129,936 8 11
General expenses fl17803-D15I—2R 1,484 11 3 W 1,425 ‘7,820 0 0
Depreciation .. I 13,879 3 2 21,947 10 8 30,921 12 10 10,573 17 1
Redemption (development and ,
permanent works) I 38,806 15 7 5,889 1 2 37,936 16 0 74,394 5 7
Balance of net profits 1 156,499 4 2 263,602 18 5 301,370 13 5 334,234 16 1
Dividends , 108,750.41 *0 326,250—00217500 0 0 275,000 0 0
Credit-balance forward 251,121 18 7 188,474 17 0 272,345 10 5 331,580 6 6

Gross Milling Profits: In comparing the gross milling profits it should be observed that
for 1891 the redemption account has not been included in the expenses, while for 1892 mine
development redemption is included in the expenses to the extent of £40,424 88.: for 1893,
£37,936 168. ; and for 1894, £45,058 83. In the last-mentioned year an amount of £29,335 178. 7d.
has been expended, in addition, for improvements in machinery, plant, building, etc., these several
items accounting for the apparent falling off in the milling profits.
DlvIDENDs.—The amount stated under 1891 represents the dividend for 1890, and the £326,250
is not for 1892 alone, but includes £135,937 for 1891. In the following will be found a complete
statement of all the dividends paid since exploitation began.
£ 8. d.
1. 1889 5 per cent. 135,937 10 0
2. 1891. January... 4 ,, 108,750 0 0
3. 1892. ,, 5 ,, 135,937 10 0
4- ,, June 3 ,, 81,562 10 0
5- ,, December 4 ,, 108,750 0 0
6. 1893. June 4 ,, 108,750 0 0
7- ,, December 4 ,, 108,750 0 0
8. 1894. June .. 5 ,, 137,5“) 0 0
9- ,, December 5 ,, 137,500 0 0
10. 1895. June 6 ,, 165,000 0 0
Total to June 30, 1895... £1,228,437 10 0
l
366 IVITWA TERSRAND MINES.

Extracts from Accounts, showing net. profits since 1890.

Accounts for half-year ending December 31, 1890 :— £ 8. 01.
Gold produced during half-year 123,441 12 10
General Revenue account .. 1,496 3 10
£ 9. (1. £124,937 16 8
Cost of mining and milling, including maintenance 45,022 13 8
Depreciation written 0,1- 15,097 7 1
Mine development redemption 1 33,078 18 5
___ _ 4 93,198 19 2
@1138}?
Net profit for half-year equal to 23 per cent. on capital issued.

Accounts for year ending December 31, 1891.

£ a. (1.
Gold produced during year 303,012 7 2
,, ,, ,, from tailings worked by contract 8,471 10 7
General revenue account... £ 8. (1. 2,959 18 36
13314443719
Cost of mining and milling, including maintenance and retreat
ment account
Depreciation . . .. nI 105,258
13,879 133 42
Mine development redemption } wntten off 38,806 15 7
._ A. 4 157,944 12 1
Net profit for year equal to 5'75 per cent. £l5fi’9_€_2
‘8 7 I8

Accounts for year ending December 31, 1892.

£ 8. d.
Gold produced during year 352,068 8 11
,, ,, ,, from tailings .. 97,672 5 8
,, ,, ,, from concentrates (own and purchased)... 136,318 12 6
General revenue account... 1,061 19 9
£ a. d. £587,121 6 10
Cost of mining and milling, including maintenance 113,435 15 2
Depreciation wftte fl 21,947 10 8
Mine development redemption l no 46,313 9 2
Retreatment account of tailings and concentrates 73,795 19 0
Cost of purchased concentrates 67,025 14 5
-- e w 3;“ 322,518 8 5
Net profit for the year equal to 97 per cent.
13.65% 18, 1»
_ ‘“>__ I I 0

Accounts for year ending December 31, 1893. £

, s. d.
Gold produced during year 377,116 15 0
,, ,, ,, from tailings 57,944 10 4
,, ,, ,, from concentrates (own and purchased) 160,212 1 8
General revenue account... 2,168 17 9
Interest account .. __1,_691W12_5
£ 3. d. £599,133 17 2
Cost of mining and milling, including maintenance 104,350 10 4
Depreciation , .tt f, 30,921 12 10
Mine development redemption ‘"1 en 0 37,936 16 0
Retreatment account of tailings and concentrates 43,606 8 1
Cost of purchased concentrates 80,947 16 6
. ___—__ 297,763 3 9
92339375
Net profit for year equal to 11-08 per cent.
 WITWATERSRAND MINES. 367

Accounts for ycar ending December 31, 1894.

’£ 3. d.
Gold produced during year 402,330 118 O
,, ,, ,, from tailings 65,397 14 4
,, ,, ,, from concentrates (own and purchased)... 184,199 13 0
General revenue account... 3,221 8 4
Interest account 2,626 19 4

£ 8. d. £657,776 13 0
Cost of mining and milling, including maintenance 118,912 15 10
Depreciation (written 011') 10,573 17 1
Mine development, including main shafts 45,058 8 0
Expended in improvements: machinery, plant, buildings 29,335 17 7
Retreatment account of tailings and concentrates 31,971 19 6
Cost of purchased concentrates 87,688 18 11
__— 323,541 16 11

I £334,234 16 1
Net profit for the year equal to 1215 per cent.

RncAPI'rULATiox.
'et profit.
‘ £ a. d.
1890. Half-year, ending December 31, 1890. 31,741 17 6
1891. Year ,, ,, 1891. 156,499 4 2
1892. ,, ,, ,, 1892. 263,602 18 5
1893. ,, ,, ,, 1893. 301,370 13 5
1894. ,, ,, ,, 1894. 334,234 16 1
Total profit earned from June 30, 1890, to December 31, 1894 £1,087,449 9 7

Representing roughly 41 per cent. on the total of the capital now issued, after having written off
£92,419 1.08. 1011. for depreciation, and an amount of £29,335 178. 7d. spent on improvements in
machinery, plant, and buildings, representing another 4 per cent. on the total nominal capital.

Principal Ilems as taken from Balance-sheet, December 31, 1894.

Assets. Liabilities.
£ 8. d £ 8- J
Claims and stands 2,812,648 16 8 Capital account 2,750,000 0 0
Machinery and plant 106,854 11 6 Sundry creditors 11,868 15 2
Buildings 24,864 3 9 Income due November 10,
Retreatment works 48,580 18 3 1896, and interest 32,066 12 0
Sundry accounts (furniture, Dividend, ... 137,500 0 0
etc.,)... 2,707 5 7 Balance Profit and Loss Ac
Permanent works 26,389 10 0 count, less dividends 8 '
Development 36,270 18 6 and 9 . . 331,580 6 6
Stores 14,228 4 10
Concentrates(bought) on hand 3,937 15 11
Sundry debtors 577 12 7
Chamber of Mines debenture 500 0 0
Artificial Stone Syndicate
shares 201 0 0
Cash and Gold on hand 3,149 12 9
Wernher, Beit & (10.... 69,841 18 10
November and December gold
in transit 112,263 4 6

£3,263,015 13 3 £3,263,015 13 8
308 WITWA TERSRAND MINES.

Expenditure and Revenue for the six months ended June 30, 1895.
Working Eavpenditurc. £ 8. d. Revenue.
Mining account (including mine £ a. (1. £ 8. d
maintenance) . 42,651 4 2 Gold account
Milling account (including mill (mill) 52,715
maintenance) . 11,128 18 6 oz., 3 dwt. 190,102 12 0
General maintenance account 1,009 4 11 Sundry revenue. 3,060 7 10
General charges... .. 7,734 12 3 ——— 193,162 19 10
Special charges, bonus, etc. 3,291 13 4

£65,815 13 2
Expenditure on mine develop
ment (including main
shafts)... 22,063 17 1
Ditto, on machinery, plant and
buildings . 2,803 13 10
£90,683 T 1 Rc-trcatment Account.
Gold account
Rc-treatmcnt Account. (T ail in g s )
Working expenses at cyanide 11,672 oz. 17 £ a. d.
and chlorination works 13,011 11 1 dwt. 37,451 1 4
Cost of concentrates purchased Gold account
(including receiving)... 36,267 6 6 (own and pur
-'——— chased Con
£139,962 1 8 centrates)
19,315 oz. 18
Profit for half-year 170,402 0 10 dwt. 79,750 1 4 117,201 2 8

£310,364 2_—6 £310,364 2_6

Hauled and crushed, 55,658 tons.

The profit made during the half-year amounted to £170,402 08. 10d. which, added to the avail
able assets—£55,330 14s. 3d.— left over from 1894, gives a total of £225,732 158. 111. Out of this,
on account of the extension of the mill—new steaming plant, new air compressor and rock drill
lant, electric pumping and lighting plant, increasing the reservoir capacity, etc., the sum of
£53,978 28. 8d. has been expended, together with £1,822 38. 9d. for interest on the remaining pro
missory note given on account of the purchase of the thirty deep level claims, in all £55,800 6s. 5d.
Provision has also been made for the payment of dividend No. 10, £165,000, declared on June
24, leaving an available balance of £4,932 88. 8d. to carry forward to the next account. In view of
the expenditure on account of the extension of milling plant, etc., not being quite at an end, and the
delay which has taken place in getting the new installation to work, no attempt will be made to
pay out of this year’s profits the promissory note for £30,000 which falls due in November, 1896.
The Company’s profit now averages £30,000 to £40,000 per month, or about 13 to 17E. per cent.
on the capital.
DESCRIPTION OF THE PROPERTY.—The property consists of (1) A mynpacht of 100 morgen
(213 acres) situated on the farm Turf’f'ontein, Witwatersrand, between the Crown Reef, Johannes
burg Pioneer, and Bonanza Mines on the west, and the Worcester and Ferreira Mines on the east :
and (2) 29); claims adjoining the mynpacht on the southern boundary The mynpaoht
measures 3,600 feet along the outcrop of the Main Reef series, contains about 165 acres of dip
ground south of the outcrop of the reef, and is an almost triangular piece of ground, the southern
boundary being 300 feet from the outcrop at the western point, and 2,800 feet from the outcrop at
the eastern point. The mynpaoht consists of 105 claims, 24 of which are on the outcrop of the Main
Reef series. The 29& claims to the south of the mynpacht were an important acquisition, in so far
as they serve to square the triangular block, and give a considerably greater amount of dip, in the
western portion especially; the southern boundary of which is thereby brought to about 1,200 feet
from the outcrop. These claims were bought in September, 1893, for £120,000 from the ex
Robinson Deep Level Gold Mining Syndicate, and will be a very important factor in the prolonged
life of the Company. The Company possesses a never-failing water supply on the Turfi'ontein
Creek, which runs across the mynpacht, and which has been dammed in several places for the pur
pose of storing water. Title to Properly .' The Company has acquired the freehold title to the

M I.
 VVITWA TERSRAND MINES. 369

mynpacht, which is as such unassailable, the Government being the guarantor. The 29,‘; claims are
held under the usual licenses, and, being properly registered in the name of the Company, are like
wise indisputable.
MINING INTELLIGENCE—Reefs worked: South Reef, Main Reef Leader, and Main Reef. The
former two have been principally worked, while from the latter only a comparative small quantity
has been taken, obtained from development work on the 6th and 7th levels. Width of Reefs:
South Reef, 12 to 18 in., Main Reef Leader, 9 to 12 in.; and Main Reef, 4 to 6 ft. Hitherto
about 2 ft. of either (South Reef or Main Reef Leader) have been stoped. The distance from the
South Reef to the Main Reef Leader is about 100 ft. Average Width and Value of Reefs :—
South Reef, On 5th level (375 feet) ; width, 1 ft. 6 in.; value, 75 dwt. 19 gr. per ton.
Main Reef Leader 11 11 11 10% 11 11 44 11 17 11 11
Maln 77 77 71 - 5 77 H 77 H 17

The ore developed since January, 1894, chiefly on the 5th (375 ft.) and 6th (450 ft.) levels, has
given the following assay-value :—

South Reef.
Value per ton.
1894. \Vidth. oz. dwt. gr.
January 1 ft. 2 7 6
1Ié‘lebruary 9.11 in. 3 4 6
arch 9. 2 18 5
April o‘ I: s 0 15
May 5 ,, 3 5 0
June 8 ,, 513 5
July 10 ,, 3 12 0

The subsequent monthly reports of the Company do not give the assay-value, but state generally
that the average Width and value of the reefs are maintained.
At a vertical depth of 825 ft. the South Reef assays 2.‘; oz. per ton ;
,, ,, 900 ,, Main Reef Leader assays 2 oz. per ton;
while in the borehole sunk in the 29% dip-claims the South Reef was intersected, having a width of
1 ft. 2 in., value 2 oz. 10 dwt. per ton; and the Main Reef Leader was intersected, having a width
of 1 ft. 8 in., and a value of 1 oz. 17 dwt. The average milling returns of the reefs taken together
is 21 dwt. In comparing the actual returns with the assay-value, it must not be overlooked that
2 ft. of both reefs is stoped. As regards the Main Reef, a band of 3 ft. 7 in. wide taken over
a distance of 2,000 ft. works out at an average of 8 dwt. 2 gr. assay-value; while the trial
crushing of 1,250 tons has resulted in a yield of nearly 6 dwt. over the plates.
Angle of Rec/‘s: Near the surface in section west of Main Dyke, 51°; and near the surface
in section east of Main Dyke, 70°. The reefs gradually flatten down, so that at the 4th level the
dip is 37°. The average clip from surface to vertical depth of 823 ft. is 31°.
Development : The mine is being served and developed by means of two main incline shafts,
about 2,000 ft. apart from each other. No. 1 Main Shaft (West) has been sunk 409 ft. during
1894, giving it a total depth of 1,198 ft. on the incline, or 702 ft. vertical. No. 2 Main Shaft
(East) has been sunk 467 ft., making the depth 1,045 ft. on the incline, or 685 ft. vertical.
Stations are now being cut in both shafts at the 10th level. The main shafts having so far
advanced the development of the mine, no further sinking will be required in 1895. Very little
stoping having been done below the 4th level, both shafts are practically almost six levels
ahead of the mill. Three levels with the present mine equipment can easily be developed every
year, while the present milling power plus the fifty new stamps will not exhaust more than two
levels a year.
Total footage for 1894 :—
Main shafts sunk 876 ft.
Drives on Main Reef and South Reef... 6,912 ft.
Cross-cuts 1,821 ,,
Winzes and rises 3,243 ,, 11,976 ft.
Total 12,852 ,,
The Main Reef Leader is_developed by the tunnels driven in the Main Reef.
VOL. I. B B
370 WITWA TERSRA ND MINES.

ORE DEVELOPED—On December 31, 1894 :—

3rd level. Main Reef Leader 3,076 tons. 3,076 tons.

4th ,, 35,107
M14111 Reéi'Leaae'i 23,391 tdiis.
South Reef 5,806 ,,

5th ,, 111,227
Main Reef'Leade-r 65,209 3355.
South Reef 46,018 ,,
6th ,, 80,339
11.11. Redheads; 33,632 ,,
South Reef 20,687 ,,
7th ,, 47,170
Mt‘. Reef-Leader 42,041 155..
South Reef 5,138 ,,
8th ,, 8,314
Mai-n ReefLead‘c'r 8,314 155..
Total tonnage of milling ore in sight 285,332 17

This shows an increase of 53,965 tons over the totals at the end of 1893, and no ore has been taken
into consideration beyond the point where drifting ends on the 8th level.

On June 30, 1895, the milling ore in sight amounted to

Main Reef Leader 216,808 tons
106,368 ,,

Total . . . 323,176 ,,

The following is a comparative statement of ore reserves :—

On December 31, 1890 20,532 tons. Increase :

7! 7, ,, 1891 40,582 20,050 tons.
H ,7 ,, 1892 115,000 ,, 74,418 ,,
H I? ,, 1893 231,367 ,, 116,367 ,,
,1 71 71 1894 285,332 ,, 53,965 ,,
,, June 30, 1895 323,176 ,, 37,844 ,,

NATURE OF ROCK.—At the close of 1890 the mine had reached the pyritic stages of the rock,
and the important change from the soft to the hard rock necessarily involved great changes in both
mining and milling operations. For the mining rock-drilling machinery had to be introduced, and
the refractory condition of the ore made scientific treatment imperative. In 1891, of the ore milled
8752 per cent. was free milling and 12-48 per cent. pyritic; but in spite of this a considerable
reduction in the mining and milling cost was obtained. In 1892 the percentage of pyritic ore had
risen to 56 per cent., and yet a fresh reduction of nearly 25 per cent. on the previous cost was
obtained. In 1893 the pyritic ore amounted to 85 per cent, and in 1894 the ore mined and milled
was wholly pyritic; while the cost has been maintained under the average of 1892.

ORE CRUSHEu—Comparative statement :—

1890. Ore milled 60 stamps 44,478 tons.

1 891. 77 60,210 ,, Increase: 15,732 tons.
1 892. 71 101,061 7) 40,851 ,7
1893. 94,842 ~<qq~ Decrease: 6,219 11
1894. 70 stamps "I 107,933 Increase: 13,093 ,,
1895 (to J1me 30) I: 55,658 -~.~. ,, on yearly basis: 3,381 tons.
 WITWA TERSRAND MINES. 371'

The falling off in 1893 is solely attributable to the increased hardness of the rock, while the
increase in 1894 is accounted for by the additional 10 stamps. The ore milled in 1894 was obtained
as follows :—

Main Beef Leader. South Reef. Main Reef.

3rd level 6,320 tons 749 tons.
4th ,, 39,180 ,, 26,590 ,,
5th ,, 6,006 ,, 10,413 ,,
6th 450 1597
7th :1 ” ’249 I: iwigsli‘ms'

Totals 51,956 ,, 39,598 ,, 16,381 ,,

From the above statement it will be observed that the ore was mainly taken from the 4th level
(300 ft). In the first half of 1895 38 per cent. of the ore crushed came from the Main Reef Leader,
40 per cent. from the South Reef, and 22 per cent. from the Main Reef.

COST OF MINING AND MILLING.—Table showing cost of mining and milling (exclusive of
mine development) and reductions effected since 1890.

Period. Mining expenses. ‘ Milling, j Geligfslgsex- Total i Decreases in

Tonnage. Per ton. per ton. 5 per ton_ per ton. working cost.
, i
l i
l 5: a. d. s s. d. f. s. d. 5.‘. s. d.
Half-year ending i i
Dec. 31, 1890... 23,000 1 1 0'42 0 9 11'26 lo 7 1'89 1 18 1'57| — —- —
Year ending Dec. E ;
31, 1891 60,210 l 0 17 5'9 0 7 1'13 o 4 9'36 1 9 4'40 0 8 917
Year ending Dec. g
31, 1892 101,060 014 0-91 0 4 0-04 0 3 6'91 1 2 1'86‘ 0 7 254
94,842 E
Year ending Dec. ,
31,1893... 0 14 3'69 o 3 1066 o 3 6'10 1 1 8'45\ 0 0 541
Year ending Dec. ’
31, 1894 107,935 0 14 3'76 0 3 10-88 0 3 5-72 1 1 sec] 0 0 0-09
Half-year ending
June 30, 1895 55,658 015 3'92l' o 3 11'99 0 4 3'89 1 3 7'80 Inc.111'44

The reductions obtained in mining and milling cost are striking. In 1891 a reduction of
nearly 20 per cent. on the cost of 1890 was obtained, and this in spite of the ore gradually be
coming pyritic as already stated. In 1892 a further reduction of nearly 25 per cent. was obtained
on the cost of 1891, while the pyritic percentage had risen to 56 per cent. of the ore. In 1893 and
1894 additional reductions were made, although the ore had become wholly pyritic. In 1893 24101.
per ton was included for removal and storage of slimes. The milling cost, as stated in the fore
going table, includes costs of saving concentrates and of assaying and smelting.

Under the heading “Mining Expenses” the cost per ton for the first half of 1895 has risen ls.
compared with the figures for 1894. This is accounted for by an additional number of new stopes
being opened up to he in readiness for the new mill. On the whole, however (mine development
and machinery and plant expenditure included), the cost per ton is about 3.9. less than in 1894.
372 WI TIVA TERSRA ND MINES.

Detailed Statement showing Mill Costs for 1894.

On March 1, 1894, ten additional stamps were started, so that the mill since that date has
been running the full 70 stamps. 6 per cent. of waste has been picked from the ore sent out of
the mine by means of a newly established sorting table.
Ore crushed 107,935 tons.
Concentrates saved 2,997 ,,
Rock breakers: Cost Pefdbon
8- .
White and native labour and food £ 8. d. £ 662 8 0 1'47
Power 862 11 0
Stores (Oil, waste, etc.) 712 17 6
-— 1,575 8 6 3'50
Transport of ore to mill 421 15 7 094

Milling:
\Vhite labour 2,403 14 0
Native labour and food 485 19 5
-———— 2,889 13 5 6'42
Supplies:
Mercury, 2722 lb.=30 oz. per oz. of gold recovered 295 10 1
Heads, shoes, dies, stems, cams and shafting 1,493 8 7
Challenge-feeders, mortar-boxes, sieving 909 5 1
Sundries 114 18 7
Stores for battery and engine 485 11 9
————— 3,298 14 1 7'33
Fuel: (Mill-engine) 3,705 19 11 8'24

\Vater :
White and native labour and food 690 11 6
Fuel 908 3 6
Stores 144 10 6
——— 1,743 5 6 3'89
Mill maintenance:
White and native labour and food 1,119 6 0
Stores 421 14 6
Proportion of workshop expenses 79 1 0
Cut timber 51 19 6
Foundry castings 215 2 O
——-- 1,887 3 O 420
Concentrating :
(Cost portion of concentrates saved, £1 88. 5'88.)
\Vhite and native labour and food 1,602 10 0
Power and water supply 1,287 1 10
Vanner rollers and beltingr 517 6 6
Stores 103 10 0
-— 3,510 8 4 7 80
Maintenance :
\Vhite and native labour and food 479 14 0
Stores 180 15 0
Proportion of workshop expenses 33 17 6
Cut timber .. 22 5 6
Foundry castings 42 3 4
—- 758 15 4 169
Assaying and smelting:
White and native labour and food 415 3 6
Stores (chemicals, fuel, coke, etc.) 214 18 6 630 2 0 1'40
£21,083 13 ‘8 ‘sides
 WITWA TERSRA ND MINES. 373

Table showing total working cost, including depreciation and mine development redemption,
also showing total average cost per ton for the years 1890—1894 inclusive.
' 1
1 Penod'
. OI‘lIShELLan dl,
Tonslauled Mmmg'
. . ,1 mainiialigilce.
M‘ ' 1 M'umg'
. . 1 maintenaice.
Millin

- iil .' i a I‘ i—f__ _— — i '

1é-Year1890 23,000 1 £21,914 17 11 1 £2,275 2 4 ‘ £9,544 7 3 1 £1,884 6 7

1 Year 1891 60,210 1 47,533 16 6 - 5,126 13 9 16,464 6 2 , 4,893 18 4
Year 1892 101,060 , 66,206 3 10 , 4,919 18 6 17,596 8 1 , 5,159 8 0
Year 1893 94,842 64,760 7 0 1 3,088 5 10 14,154 4 6 1 4,287 2 8

Year 18941 107,935 1 70,840 8 8 1 6,405 16 8 15,264 16 11 1 5,818 16 9

%_ __ _ _ M 7_,_ __ __ i i __,1_> _ .—

1 387,047 I £271,255 13 11 1 £21,815 17 1 l £73,024 2 11 \ £22,043 12 4

G l
“222$ , Total. 1 . .
Depreciation. ' l
Mirxizdizgagzen t Grand total. A Wag? per

1" 1— v V V— ——

£9,403 7 81 £45,022 1 9 £15,097 7 1 £53,075 18 5 £93,195 7 3 £4 1 0

16,196 16 61 90,215 11 3 13,878 3 2 38,806 15 7 142,90010 0 2 7 56
18,553 16 9 112,435 15 2 21,947 10 8 46,113 9 2 180,496 15 0 , 1 15 8'65
18,060 10 4 104,350 10 4 30,921 12 10 37,936 16 0 173,208 19 2 1 16 6'3
1 10 573 17 1
20,582 16 10 118,912 15 10, 291335 17 7 45,058 8 0 203,880 18 6 1 17 93
£82,797 8 1 1£470,936 14 4, £121,754 8 5 £220,991 7 2 £793,682 9 11

Grand total of mining and milling costs, including depreciation and

mine development redemption £793,682 9 11
Grand total of mining and milling expenditure f470,936 14 g 4
Written off for depreciation and mine development redemption... £322,745 15 W 7
Yield of Gold per Ton of Ore milled. W

Average Total 1 Total

-
Perlod. -
ITonnage Yield of gold. M . f
excizgzigm "eld b
Segpecfize -
Total yield. Total value. ‘ alga:e averu
vulufi e
‘ processts. , per ton. per ton.

1 oz. ‘dwt. 1dwt. gr. oz. Idwt. £ a. d.ldwt. gr. 9.. a. d.

1887—88'1 6,684 27,3831 2 Amalgamation 27,383 2 99,263 7 01 7865 13 19 3
1889 %,120 75,038‘ 14 ,, 75,038 14 361,866 7 0 53'37 9 9 5
1890 1 44,478 71,8221 1e ,, 71,822 10 251,380 0 01 3229 5 14 7
1891 00,210 66,8501 10 Concentration
5.073115'13 ,, 211 16
21 93,633 1121 348,593 12 1 30 19 5 9 3'6
21,739’ 6'8 Cyaniding 7 6 '
1892 101,001 98,798 15 Amalgamation 19 1324 1
8,407 6 Concentration 1 15'93 134,783 6 456,525 6 5‘ 26 16'15 4 14 8'4
27,577 5 Cyaniding 5 10-95 1
10,036‘ 16 do. accum. 10,(BG 16 26,374 19 7'
1893 94,842 104,222 18 Amalgamation 21 2348) ,
10,659 18 ‘Concentration 2 5'95 132,804 0 478,964 1 61 28 0'13 I 4 19 5
1 17,9211 4 Cyaniding 318-701 |
1894 107,935 110,962: 1; Amalgamation 20 1346 1 1
14,2171 0 Concentration 2 1522} 145,392 0 525,709 19 5‘ 26 22'57 4 15 7'2
20,212 14 Cyaniding 3 1789 1
1895 55,658 52,7151 3 Amalgamation 18 2262
(toJunc) 7,741, 0 Concentration 2 1876 72,129 0 259,508 8 11 25 2205 4 13 301
11,672 17 Cyaniding 4 4'67 ,
Tmlsdksosass
averages,’ 1
—__ “— ‘70302351
i ’ 1
2903180
d" ' )
1 11130
1
140211 2- “
1The above total output gold does not include gold from cdncentrates bought.)
 374 WIT WA TERSRA .vo MINES.
REMARKs.—At first only the rich leaders were worked, and even those were stoped to their
exact width as far as possible. The larger bodies of reef were not touched. The small decrease in
the average yield from 1893 to 1894 is to be accounted for by the 16,381 tons of Main Reef which
were included in the crushings of 1894. A separate trial crushing of the Main Reef resulted as
follows, 1,250 tons being crushed :—
dwt. gr. Per cent.
Recovered by mill 5 15' per ton 65'7
Gold in concentrates... 1 4'2 ,, 13'7
,, tailings 1 18'5 ,, 20'6
8 14 ,, 100
The trial crushing of the Main Reef having given nearly 7 dwt., including concentrates, the
result is considered very satisfactory; and as increased reduction in the working expenses is
anticipated (such being possible, and in fact highly probable), the Main Reef is now certain to
become an important factor in the production and life of the Company. The possibility of mining
such a large body as the Main Reef will naturally lead to lower mining costs ; while not only will
the cost of stoping be greatly reduced, but a great deal of dead work will also be avoided in the
development of the mine with regard to the Main Reef Leader.
TREATMENT OF TAILINGS (cyaniding).—The treatment of tailings commenced in 1891. From
1892 the results have been recorded, stating the fine gold extracted, while in 1891 the amount of
the gold extracted is not stated; which made it impossible to establish a. comparison with that
year. It must be observed that in the costs for 1892 and 1893 royalty is included, as then the
tailings were treated on contract. Since then the Company has taken over the old plant and
erected new additional plant, hence the notable decrease in the cost per ton treated.
The following is a comparative table showing quantities of tailings obtained from yearly
tonnage crushed, the yield of gold, and profits made by treatment of cyaniding :—

| T21“ . my . Per Av e i Cost Value - Profit

.- l cmwcmizfietab-
Penod, Tons - tall- returned.
Bullion fine
value of Fine
gohL gold cent-
extracted. ,
8ge_ Total value. - tom
pit1e] aim
.r ,
gem
er .,' 3:3.-

1
i oz. oz. oz. £ a. d. dwt. gr. 0. d. 16 a. d. I, a. ‘I.
18211 60,210‘ 19,260“) 21,739'68 |
1892 101,061,75375 27,577'25 17,314'99 63'1 71,297 6 1 4 1426 9 4'9 18 11 | 9 6'1
Doacc ummltd‘25,128 10,0368) 6,292'42 672 26,374 19 7 5 0'19 9 3'7 1 1 10 11 59.
1893 94,842 55,200 17,921'20 20,180'06 1387266 687 57,944 10 4 5 6'31 7 2'68 1 O 936 14 7'3
1894 107,935 70,525 20,212'70 24,498'50 15,73082 64'2'65,397 14 4 4 11'06 3 1064 18 636,14 7'7‘

Up to December 31, 1894, 95,007'95 oz. bullion were obtained from tailings.
Table showing detailed cost of treating 55,200 tons, during 1893.
Cost per ten.
.6 s. d. s. .
Wages (whites and natives, including food 3,406 11 8 1 2'81
General supplies (stores, chemicals) 1,408 9 1 6'12
Fuel 1,204 19 9 5-24
Cyanide, 64,411 lb. 5,563 0 2 2 0'19
Zinc, 12,521 lb. . 260 4 3 1'13
Contractor (filling and discharging vats) 4,325 12 2 1 6-81
Royalty . .. 3,768 1 1 1 34'8
£19,936 18 2 7 2'68

Table showing detailed cost of treating 70,525 tons, during 1894.

Cost per ten.
.6 s. d. s. d.
Wages (whites and natives, including food) 2,803 5 0 9'54
General supplies 1,343 1 8 4'57
Fuel... 973 15 3 3'31
Cyanide, 43,568 lb. 4,346 7 4 1 279
Zinc, 15,034 lb. 278 7 2 095
Filling and discharging vats 3,961 19 9 1 1'48

£13,703i1I2 310-64
 WITWA TERSRANI) MINES. 375

TREATMENT OF CONCENTRATFS.—Th6 concentrates are caught by means of 42 frue vanners, and

are subsequently treated by furnace chlorination works.

Table showing quantities of concentrates caught and treated on the total tonnage crushed for
each period, and yield and value of gold recovered.

- Tons Conceu- ' Percentave ’’ . - Yield p er Y1. 1d er ton

Period. cmshed_ 321:3. lgefrotgn 'lotal yield. Cntlglrlied. [cm'iwnlzmtem , Total value.

__c _ ,_ _\ .__
Percent. oz. dwt. gr. - dut. g1‘. oz dwt. gr 1 #3 s. d
1891 60,210 _ 1,0601: 1 173 5,073 15 18 i 1 16 I 4 15 16 21,056 4 3
1892 101,061 2,200 , 2'17 8,407 6 0 I 1 15'93 , 3 16 1'3 ‘ 34,159 11 5
1893 94,842 \ 2,678 ' 2'82 10,659 18 0 2 5'95 ’ 3 19 1440 43,902 16 2
1894 107,935 i 2,997 1 277 114,217 0 0 i 2 15'22 , 4 14 21 ‘ 57,981 7 1
i .‘____ i, i i I 1 i '
Totals 264,048 8,935; 11 i
‘,38,357 19 18 '!i 1 '157,099 18 11
. ' 1 l l

The Company has built up a big business in regard to concentrates purchased from other
producers; but as expenses and receipts concerning these and the Company's own concentrates are
not given separately, it is impossible to arrive at the correct cost of the treatment. According to the
revenue account, concentrates were bought—

£ 3. (1. oz. dwt. ii

In 1892 for 67,025 14 5 produced 25,370 15 average value 101,480
,, 1893 80,947 16 6 do. 28,336 14 do. 113,344
,,1894 87,688 18 11 do. 30,959 9 do. 123,836
,,1895 m) 36,267 6 6 do. 11,574 18 do. 47,795
£271,929 16 4 do. 96,241 16 do. £366,455

GENERAL STATEMENTS—If depreciation, which has been written off very largely, is taken
into account, it will be found that the assets much more than cover the balance of capital
expenditure.

Statement showing total profits up to December 31, 1894 :

£ 8. d.
1889. Dividend paid out of profits 135,937 10 O
1890. Balance of profit and loss account, December 31 203,372 14 5
1891. ' Net profit 156,499 4 2
1892. Do. 263,602 18 5
1893. Do. 301,370 13 5
1894. Do. 334,234 16 1
Grand total £1,395,017 16 6

Statement showing capital supplied :

£ 8. d.
1887. To capital supplied 5,000 0 O
1889. 10,000 reserve shares sold at £5 50,000 0 0
1894. 6,250 do. £5 31,250 0 O
——————— 86,250 0 0
Total proceeds £1,481,267 16 6
376 WITWA TERSRA ND M INES.
Statement of amounts divided :
£ 8. d. £ s. d.
Paid in dividends to December 31, 1894 1,063,437 10 0
On account of property the Company has
paid besides out of profits to the
Kamboula Syndicate . 15,000 0 0
On account of freehold of property... 15,000 0 0
,, 291, Deep Level claims, 189 37,194 17 6
,, do. do. 1894 62,031 15 7
1,192,664 3 1
Leaving a balance of £288,603 13 5
which is represented by machinery, surface and permanent works,
buildings, etc., besides the cash on hand on December 31, 1894, as
follows :—
Machinery, plant, re-treatment works, buildings £183,006 19 1
Development account 36,270 18 6
Permanent works 26,389 10 0
Stores... 14,228 4 10
Sundry assets (concentrates on hand, etc.) 19,444 13 4
Cash on hand 3,149 12 9

£282,489 18 6
Norm ox THE GENERAL EQUIPMENT or THE MINE (up to date of June 14, 1895).—
No. 1 Main Incline Shaft: The main incline shaft is sunk to a depth of 1,050 ft., divided
into three compartments—two hauling‘ways and one pump- and ladder-way. The skips, self-tip
ping, are of three tons ca acity. The headgear is constructed of wood in the most substantial man
ner, and its height is 64 t. Sorting : The ore is submitted to a partial sorting in the mine. It is
then raised to the sorting floors, washed, and delivered on a revolving table 19 ft. in diameter, where
the sorting is completed. An automatic arrangement similar to a ploughshare delivers the valuable
rock to the crushers (two No. 6 Gates’ crushers), after which it is thrown into ore bins and trammed
to the battery. The crushers, revolving table and pump for washing gear are driven by one
Corliss engine. This engine will also drive the mechanical haulage now under consideration.
Winding Engine: Hauling is done by one pair of geared high-pressure winding engines by
Walker. Pumps: The mine is kept drained by means of a Cornish 10-in. pump, 6-ft. stroke,
driven by a compound condensing engine (by Harvey & Co.) of 45 h.p., a Riedler pump, delivering
6,000 gallons per hour, and 3 Knowles’ pumps. The last-named are driven by compressed air.
Electric Light: At present obtained by dynamos driven by one 14 x 36 Corliss engine. These
are being removed to the mill engine house, and are described in connection with that plant. The
same remark applies also to the present compressing plant, which is being enlarged and erected close
to the mill’s boilers.
N0. 2 Incline Shaft .' This shaft is sunk to a depth of 1,000 feet. It is fitted with a 45-ft.
headgear of wood. The shaft is divided in three compartments—two hauling- and one pump- and
ladder-way. The skips are of two tons capacity. Hauling .' Hauling is done by one pair of geared
14x 30 ft. high-pressure winding engines by \Valker. Pump: Pumping is performed by one
Riedler pump and two Knowles’ pumps, all driven by electricity. Boilers: Two 60 h.p. boilers
(Ruston & Proctor), fitted with Green’s economisers. Electric Light: Produced by one Elwell
Parker dynamo, driven by one high-speed Tangye engine.
Battery : The mill is erected at about 500 ft. below No. 1 main incline shaft, from which the
ore is conveyed by mechanical haulage. It consists of 70 Fraser &. Chalmers’ stamps (930 1b.), fitted
with “Challenge ” ore feeders. The stamping power is being increased by 50 Fraser & Chalmers’
(1,0501b.), fitted with all the latest improvements. This plant is now nearly completed. Below
the plates the tailings are treated by 42 frue vanners. The mill plant is driven at present by a
Fraser & Chalmers’ Corliss high-pressure engine of 180 h.p. A Robey horizontal single cylinder
engine drives one Elwell-Parker dynamo, to supply light only. The new engines now in position
consist of one King’s vertical triple expansion condensing engine, with cylinders, 19, 30, 30,
30 x 42. This engine, in addition to the mill, will drive seven dynamos to supply light and power
to the pumps at the mine and to the pumps from the dam to the reservoirs, and also supply work
shops with the necessary power. The seven dynamos above referred to will be four Mather &
Platt, one Immisch, and two Elwell-Parker. The present engines will be kept as auxiliary
machinery. Boilers: The present boiler accommodation consists of four Fraser & Chalmers’
multitubular boilers of 60 h.p. each, to be increased by fourteen boilers by the same makers
 WI T WA TERSRA ND MINES. 377

54 x 16 in., externally fired, 140 lb. steam pressure, fitted with Green’s economisers. Com
pressors : The above-mentioned boilers will supply steam to the new air-compressing plant, which
will consist of one King-Riedler air compressor, 25 drills, and one Rand Drill Company Compressor,
20 drills. Sundry Mill Plant: The battery contains also one clean-up revolving barrel, driven
from the mill’s counter shaft ; a baten or shaking pan for the purpose of grinding and cleaning the
amalgam, and an amalgam press. The assay olfices also include one large smelting furnace.
Cyanide: The pulp is elevated on leaving the mill house by a 30-ft. wheel, driven by the
mill engine, and discharged into ten settling tanks fitted with rotary distributors, from which it is
trammed to the leaching vats. The leaching plant consists of twenty-two circular wooden leaching
tanks, 25x9 ft., fitted with bottom discharge; six solution tanks; and eight extracting boxes.
Two Tangye Duplex pumps take the solution to the vats. These pumps are steamed from the mill’s
boilers. The plant is fitted with all possible appliances and improvements, roasting and smelting
furnaces, etc.
Chlorination.‘ This plant is erected at the south end of the property. The concentrates are
at first received in a shed above the works, where they are sampled, and are afterwards mixed in
certain proportions. The concentrates are then laid on a platform above the roasting furnaces for
drying. This being completed, they are tipped into the furnace at the end farthest from the fire,
to be gradually drawn nearer and nearer to the fire, until the roasting is completed. There are
three roasting furnaces, 60x 14 it. After roasting, the concentrates are damped in a certain
proportion and taken to the vats to be submitted to the action of chlorine gases. This plant con
sists of six chlorine vats, six precipitation vats, and four settling vats. Chlorine gas is produced
by three lead-lined generators, Butters’ patent. An 8 h.p. horizontal Tangye engine works the
fan for smelting the gold.
Pumping Station: Water is obtained for milling purposes from No. 2 dam by two sets of
Duplex ram pumps of a capacity of 15,000 gallons per hour—steam cylinder 12 in., water 7 in. x
22 in. stroke; 8-in. delivery main ; 6-in. suction pipes, steamed by two Marshall locotype boilers.
This plant, as soon as the mill is completed, will be driven by electricity, supplied by the dynamos
driven by the mill engine. Workshops: Seventeen forges, fitted with Root boilers. Smith: One
puncturing and shearing machine; two Bradbury drill sharpeners; and one 1,250 lb. steam
hammer. Turning Shop : One 16 ft. x 20 in. lathe ; one 9 ft. x 10 in. lathe; one 8 ft. x 7 in. lathe;
one radial drill ; one vertical drill ; one planing machine; one pipe screwing; and one bolt screw
ing. Carpenters: One 36-in. circular saw; one cross-cutting saw; one band saw; two general
joiners; and one guide block boring lathe. Foundry: One cupola smelting furnace, with
blowers and complete foundry appliances. New shops with a much larger plant and accommoda
tion are to be shortly erected.

ROBINSON-RANDFONTEIN GOLD MINING COMPANY, LIMITED.

Formed in 1895.
CAPITAL—£600,000 shares in £1 shares; all issued and fully paid up.
Directors.
J. W. S. LANGERMAN, J. FERGUSON, and C. S. GOLDMANN.
London Agents.
SIMON Masons and Joan H. BUTT.
Secretary and Head Ofice.
GEORGE BINGHAM, Johannesburg, Transvaal.
London Secretary and Ofice.
J. ROBERTSON, 8, Princes Street, E.C.
Paris Agents and Oflice.
Société Générale, 54, Rue de Provence, Paris.
CAPITAL—The Randfontein Estates Gold Mining Company received 375,000 shares. 75,000
shares were paid for other claims, and the 150,000 remaining shares have been sold, providing
£185,000 of working capital.
PROPERTY.—Th6 Company acquired 277 claims on the farm Uitvalfontein, \Vest Rand. These
include 164 claims on the Randfontein Leader, purchased from the Randfontein Estates Gold Mining
Company, the balance being on the dip. The length on the line of outcrop is 6,000 ft., the dip
being about 3,000 ft., and extending to 4,000 ft. at the northern part of the property. In Septem
ber, 1895, the northern half of the property was sold to the Block “ A ” Randfontein Gold Mining
Company for 400,000 shares in a capital of £600,000. The present property consists of about 140
or 145 claims, including 3,000 ft. of outcrop. The block is bounded on the north by the Block “ A ”
378 WI T WA TERSRA ND AI] NES.
Randfontein Company, and on the south by the North Randfontein Company. (For plan see
Volume III.)
MINING INTELLIGENCE—The Randfontein Leader has been proved to run through the property
by means of cuttings and boreholes. One borehole found the Leader at a depth of 892 ft. (on
an incline of 60°), it being 6 in. wide, and assaying 4.1; oz. per ton. The dip was 80°.
Another borehole, sunk at an angle of 80°, found the reef at 1,015 ft., it being 5 in. wide,
and assaying 5 oz. 12 dwt. (For further particulars see the notice of the Randfontein Estates Gold
Mining Company.) The work of development is still in its early stages, and the equipment, at
present of a temporary character, will be completed on a perfect scale as development goes on. The
mine is being developed by a main vertical shaft (which will be the main working shaft) and by
two Winzes.

ROODEPOORT CENTRAL DEEP, LIMITED.

Formed in 1895.
CAPITAL—£250,000 in £1 shares ; 220,000 issued and fully paid up.
Directors.
A. GoEnz (Ohainnan), H. B. MARSHALL, A. BRAKHAN, J. G. CURREY, and H. FREEMAN Com-2N.
Secretary and Head Oflicc.
F. W. DIAMOND, Johannesburg, Transvaal.
London Secretary and Oflcc.
H. MILrrz, 120, Bishopsgate Street, E.C.
APPROPRIATION OF CAPITAL—Issued to vendors, 120,000 shares; subscribed, at par, for
working capital, 100,000 shares; held in reserve, 30,000 shares. Total, £250,000 shares. No
option has been given on the reserve shares.
PROPERTY.—Th6 property of the Company consists of 190 claims on the farm Roodepoort, 9
miles west of Johannesburg. In the above number is not included the area of the water-right,
equal to 13 claims. The property adjoins the Princess Estate mynpacht to the north, the “Test
Roodepoort Deep t0 the west, the Durban Roodepoort Deep to the east, and claims held by various
owners to the south.
MINING INTELLIGENCE—The property is situated to the south of the Main Reef series, the
northern boundary of the property being 2,000 ft. from the outcrop of the South Reef. Assuming
that the reef continues to dip at the same angle as at the outcrop, viz. 30°, the reefs would be
intersected at 1,100 ft. A shaft will shortly be sunk near the northern boundary, and all works
will be carried out on a large scale. The property extends 3,000 ft. from east to west, and 3,700 ft.
from north to south. From the workings in the outcrop mines, and from the dip and strike of the
good chutes contained in them, it is assumed that these will course towards the Company’s
property. '

ROODEPOORT DEEP LEVEL GOLD MINING COMPANY, LIMITED.

Formed in April, 1892.
CAPITAL—£180,000-in £1 shares ; 175,000 shares issued and fully paid up.
Directors.
PERCY TARBUTT (Chairman), ALEXANDER DAVIDSON, R. W. HEPBURNE, H. PALMER, and
W. B. Pascos.
Johannesburg Board.
ANoUs FLETCHER, JAMES HARROWER, and L. SAL'I'MARSHE.
Secretary and Head Ofiicc.
W. F. ANnEEwrs, 8, Old Jewry, E.C.
Local Secretary and Oflire.
D. RINTOUL, Johannesburg, Transvaal.
CAPITAL—The original capital was £120,000 in £1 shares. In November, 1894, the capital
was increased to £180,000. 50,000 of the new shares were then issued at 358., producing £87,500,
and 0,000 have recently been sold at 357;, giving £10,375 further. In 1894 the Company acquired
 WITWA TERSRA ND MINES. I 379
the 88 claims, two water-rights, battery, plant, and machinery, formerly belonging to the Ida Gold
Mining Company, for £5,579 in cash. Including this purchase, the property account stands at
£95,246, showing the working capital supplied to date to be £131,629. At the time the capital
was increased the Company owed about £25,500 to the Consolidated Gold Fields of South Africa.
Allowing for this, it was provided in November, 1894, with £62,000 of cash, and has since received
an additional £19,375.
PRorERTY.—The Company owns: (1) 52 claims on the immediate dip of the Roodepoort
United Main Reef Gold Mining Company’s eastern property. The northern boundary is within
1,000 ft. of the outcrop. (2) 88 (Ida) claims at the south of the farm Roodepoort, about a mile and
a quarter south of the outcrop. (3) Two water-rights near the Ida block. (_4) A water-right and
two claims south of the West Roodepoort Deep. The property is therefore in three portions, all
situated on the farm Roodepoort, West Rand, and south of the outcrop of the Main Reef series.
The three water-rights are held under bewaarplaatsen and are equal in size to claims. Excluding
the water-rights the Company has 142 claims, and including them it has 177 claims. The block of
52 claims—to which present work is confined—is surrounded by the Roodepoort United on the
north, the Durban Roodepoort on the west, and the Durban Roodepoort Deep on the south and east.
MINING INTELLIGENCE—The main shaft is situated at the north of the property, about 1,000
ft. south of the outcrop of the reef. As in the case of the Durban Roodepoort, the Company has
mainly to rely on the South Reef. A borehole which was put down cut both the South Reef and
the Main Reef. The latter assayed 1 oz. 9 dwt. 5 gr. per ton in the borehole. Driving on it has
taken place, its value being low; but in view of the borehole assay it is hoped that further development
will expose payable quantities of it. The shaft has been sunk to a depth of about 750 ft. Levels
1, 2, and 3 were started at depths of 560, 640, and 700 ft. The reefs have a dip of about 35°,
with a tendency to flatten. There are four levels, which have been driven on to the western
boundary and to the Durban Roodepoort dyke on the east. This dyke trends strongly to the east,
giving a greater length for each succeeding level.
Value of South Ruff and Amount of Ore developed—On October 21, 1894, 21,000 tons of
South Reef ore were developed, the average value, taken on the basis of a 2-ft. stope, being 1 oz.
9 dwt. On April 30, 1895, 37,300 tons were in reserve, the value being as follows :—

‘. Average assay in fine Average value Reserves in hand

Level. Lel‘gth gold per ton of 2,000 lb. per ton of over stoping
(‘h-wen‘ over width 24 in. 2,000 lb. over 24 in. width of 24 in.
mu _ft. oz. dwt. gr. if is a. d. tons.
No. 1 level V 450 1 15 17 7 9 a 5,900
No. 2 ,, 770 1 17 16 7 17 9 9,500
No. 3 ,, . 760 1 0 4 4 4 5 13,000
No. 4 ,, 515 1 8 18 (i 0 5 I 8,900
The above averages are taken from a total number of 206 fire assays of samples, and the averages
over 24 in. have been reduced to that width as being the most convenient width for stoping and
sorting. In August, 1895, the average assay (on a 2-ft. stope) had increased to 2 oz. 1 dwt. per
ton, and 42,355 tons of ore of this value were developed.
EQUIPMENT.—A 40-stamp battery of heavy type, by Fraser & Chalmers; a head-gear;
cyanide works; a concentration plant ; a hauling engine of 100 h.p.; air compressors for 12 rock
drills; and an 80-h.p. pumping engine. The batteries, concentrators, elevating wheel, etc., will be
driven by a Willans engine, capable of developing at its most economical point 200 h.p., but also
capable, if necessary, of running up to 240 h.p.. This engine will be duplicated, and the second
engine will drive the dynamos, from which power will be taken for driving the stone-breakers, the
electric hoist, and the water-pump from the main dam. The gearing will be so arranged that both
engines will be completely interchangeable; and where the breakers are not required at night, one
engine will drive the battery, hauling engine, and fresh-water pumps. The breaker and sorting
floors will be arranged close to the shaft mouth, and the trucks will be conveyed from here to the
battery by mechanical haulage. The boiler power will consist of four 106-h.p. Babcock & Vvilcox
boilers over and above the present installation.
GENERAL REMARKs—It will be seen from the assays given that the South Reef is opening
up well, and the faults and dykes which occurred in the first three levels are giving less trouble.
A second main shaft is to be sunk at the eastern end of the block. The 40-stamp battery is ex
pected to commence crushing in November, 1895, and the ore reserves are said to be almost equal
to a year’s supply.
380 lVITlVA TERSRAND MINES.

ROODEPOORT GOLD MINING COMPANY, LIMITED.

(BETTER KNOWN AS KlMBERLEY-ROODEPOORT.)
Formed in 1887.
CAPITAL—£125,000 in £1 shares; all issued and fully paid up.
Directors.
J. H. ABEL, B. I. BARNATO, J. FRIEDLANDER, Woonr JOEL, D. J. PULLINGER, and S. SACKE.
London Cmnmittcc.
E. Esconma, C. F. HOGARD, A. JACKSON, and A. R. STEPHENSON.
Secretaries and Head Oflice.
The Johannesburg Consolidated Investment Company, Limited, Johannesburg, Transvaal.
London Secretaries and Oflicc.
The Johannesburg Consolidated Investment Company, Limited, 7, Lothbury, E.C.
CAPITAL CHANG‘ss—The capital was formerly £100,000 in £1 shares (having been increased
from £50,000), of which the vendors received 45,000 ; a working capital of £45,000 was provided by
the subscription of 45,000 at par, and the balance of 10,000 were held in reserve. These reserve
shares were issued in 1890 at 378. 6d. each, realizing £18,562 108. 0d. net. In December, 1892,
the Company was reconstructed with a capital of £125,000. The shareholders received 50,000 shares
(one for two), and 50,000 were subscribed at par. The remaining 25,000 shares were taken up at
par in 1894 by the Johannesburg Consolidated Investment Company under an option. Total
working capital supplied, £138,562 108. 0d.
ACCOU.\"1‘S.—N0 accounts have been issued for some time.
PROPERTY.——TWO mynpachts on the farm Roodepoort. One mynpacht (No. 115) is on the out
crop of the Main Reef series, being situated between the Roodepoort United Main Reef and Vogel
struis Estates properties, and consists of 99 morgen 547 roods, or 144 claims. The second mynpacht
occupies the south-east corner of the farm Roodepoort, and is 68 morgen 596 roods, or 99 claims, in
extent, It is situated about 4,000 to 6,000 ft. to the south of the Main Reef outcrop.
MINING INTELLIGENCE—The main vertical shaft has been sunk to a depth of 360 ft., and four
levelsopening
the have been
up 0o¥ethe
ned up. The payable
4th level ore above
gives above theof 3rd
160 ft. levelbetween
backs has been mainly
that and exhausted, but
the 3rd level.

The Main Reef and South Reef are being mainly worked. The former is about 2 ft. wide, and
is stated to assay about 1 oz. per ton. It is reckoned that the development of the 4th level
should give about 26,000 to 30,000 tons of payable rock on both reefs. The amount of payable reef
above the 3rd level is given as 12,000 tons.
GOLD PRODUCPION.—The following is the milling record :—

Period. Stamps. ‘ CAIZEZL Mill yield. "alue. ‘ Avetlzie 1"‘r

January, February and May to De- , oz. , £ dwt.

cember,1888 , 10—20 1 ~ 1,583 5,469 -_
January and April to July, 1889 , 10 1 —- 1,666 ‘ 5,831 _
May to December, 1890 , saw 1 _ 7,909 I 27,685 _
January, February, June and Sep- 1 ‘ l =
tember to December, 1891 . I 40 — 5,737 1 20,079 | -
January to November, 1892 . 40 — 6,042 , 21,286 i _
November to December, 189 . l 40 I 4,487 981 ‘ 3,730 4'25
January, 1894 . 40 3,290 1,065 I 3,995 e46

TAILINGs—Prior to this year the Cimpany has not treated its tailings. A stock of 20,000
tons was accumulated, and a cyanide plant was erected. In April and May, 1895, this plant treated
6,725 tons and obtained 1,055 oz., or 3'13 dwt. per ton.
IgACHINERL—A 40—stamp battery and a cyanide plant capable of treating 3,000 tons per
mont .
 .-__\_
. - New.rrvpF' ""y

es
QfLLFQflNlé
WITWA TERSRAND MINES. 381

ROODEPOORT UNITED MAIN REEF GOLD MINING COMPANY,

LIMITED.

Formed in November, 1887.

CAPITAL—£150,000 in shares of £1 each; all issued and fully paid up.

D ircctors.
‘F. MosEN'ruAl. (Chairman), Geo. ALBU (Managing Director), G. Innm'n (alternate A. WAGNER),
J. Kos'rna, J. A. Room, LEO Anne, and RICHARD KENT (alternate A. BRAKHAX).

General Manager.
Geo. ALF. Goonwm.

London Committee.
H. J. KING, T. R. BRADBERRY, and F. B. SALOMONS.

Berlin Committee.
KARL SCHRADER, BERHARD DERvBURo, and DR. A. \V. KASTAN.

Secretary and Head Oflice.

J. V. BLINKHORN, Johannesburg, Transvaal.
London Secretary and Oflice.
VICTOR TAYuoR, Wornford Court, Throgmorton Street, E0.

Berlin Ojfice.
Deutsche Treuhand-Gesellschaft, Behrenstrasse 9, Berlin \V.

CAPITAL CHANGI-B.—Orlglnal capital, £50,000, of which £36,000 in shares went to the vendors,
5,000 shares were guaranteed by some of the vendors at par, and 9,000 were offered to the ublic
at par and realized £9,000. An amalgamation, which was offered by the Lyndhurst Syn icate,
and which put the Company in possession of £5,000 cash, was accepted and the Company’s capital
increased to £75,000, the 25,000 new shares going to the Lyndhurst Syndicate in exchange for
their 22 claims (dip-ground) and the cash above mentioned, £5,000, this still leaving the 5,000
unplaced shares in reserve. In October, 1888, the capital was again increased by the issue of
25,000 new shares, making the total nominal capital £100,000. The 25,000 new shares and the
5,000 old reserve shares were sold, and realized £31,625. As the Company was in need of further
working capital, an offer from Messrs. G. and L. Albu for 20,000 new shares, at 408. per share, was
accepted. The capital was accordingly increased on August 17, 1893, to £120,000, with power to
increase further to £130,000, an option being given over the additional 10,000 shares to Messrs.
Albu at 408. for 12 months, in consideration of their having found the £40,000 of cash for the Com
pany. This option having been exercised, the Company obtained a further £20,000 in cash, and the
total nominal capital stood at £130,000, all issued and paid up. Total working capital, £105,625.
Premium realized on shares, £31,625. In July, 1895, the capital was further raised to £150,000,
the 20,000 new shares being transferred to the Claim Trust for 20 claims.
ACCOUNTS AND FINANCE.—Accounts were formerly made up half-yearly to June 30 and Decem
ber 31 respectively. At the last half-yearly meeting (August 31, 1894) it was decided to hold annual
meetings only, and consequently to issue annual reports in future instead of half-yearly ones. The
last accounts available are therefore up to June 30, 1894, and extracts from balance-sheet and
profit and loss account follow. Since then the Company has realized the 10,000 reserve shares, on
which Messrs. Albu Bros. had the option at 408., which put the Company into possession of £20,000.
The profits of the 6 months ended June 30, 1894, averaged nearly £3,000 per month, which gave
the Company enough funds to be able to place £10,000 on fixed deposit, and further to meet all the
outiay on account of new machinery and other expenditure on capital account and to pay a dividend
of 10 per cent. (£12,000). Subsequent profits enabled the Company to declare an interim dividend
of 10 per cent. (£13,000) in November, 1894, payable to all shareholders registered on December 31,
1894.
382 WITWA TERSRAND MINES.

Extracts from balance-sheet and profit and loss accounts as at June 30, 1894 :—
Balance-sheet.
Liabilities. £ 8. d Assets. £ a. d.
To Capital account 120,000 0 0 By Property account 56,000 0 0
,, National Bank 1,485 3 2 ,, Machinery and plant 48,885 5 0
,, Sundry creditors 4,078 7 7 ,, Permanent works 4,047 5 9
,, \Vages due 1,637 17 0 ,, Development account 7,427 11 6
,, Balance to credit of profit ,, Buildings 7,689 8 10
and loss account... 7,575 0 6 ,, Tools, furniture, live-stock 616 15 0
,, Insurance premiums paid in
advance 66 18 3
,, Sundry debtors 195 7 8
,, Gold in transit 7,555 0 0
,, Stores on hand 1,800 19 9
,, Cash on hand 491 16 6
£134,776 8 3 £134,776 8 3

(The premium realized on the 20,000 new shares sold to Messrs. Albu will appear in next
accounts, the capital then being £130,000.)
Profit and Loss Account.
Dr. £ 8. d. Cr. £ 9 d.
Cost per By Gold account—
8 ion-d To balqgggat Dec' 31’ 10008 17 O Under-estimation of gold
20 0'19 ,, Mining expenses 21,438 18 11 G 15mm Gfold accillllmt 35 p73 ,17 3
a 10-99 Milling 4144 s 0 ° .W°n mm “1' .. i‘ 6
0 4_20 ” Wateprigfié rent" ’375 O 0 Bullion won from tailings 15,618 0 11
0 4,75 Charges 424 9 2 ,, Sundry revenue 136 8 0
0 0'88 ,, Interest and dis
count 78 13 4
0 0'22 ,, Legal expenses 20 0 6
0 1'78 ,, London and Berlin
expenses 158 15 0
0 7'06 ,, Salaries 630 0 0
0 1-68 ,, Directors’ fees 150 3 0
0 075 ,, Insurance 66 18 2
-—-— ,, Cyanide working 6,431 19 1
25 850 Balance 7,575 0 6

3 1030
£51,553 17 8 £51,553 17 8

The credit balance carried forward is £7,575 Os. 6d., but as the half-year was commenced with
a debit balance of £10,009 178., the actual net profits of the Company during this period totalled
£17,584 178. 6d. At June 30, 1893, the profit and loss account showed a debit balance of
£31,824 198. 3d. It was decided to use the premiums accruing from the issue of the then newly
created shares (20,000) in extinction of this balance. Premiums amounting to £20,000 had been
received at December 31, 1893, and £10,000 was receivable on the 10,000 other shares under
option to Messrs. Albu at that time; which, together, did away with the old debit balance.
As, however, £10,009 173. of the mining profit had already been used for that purpose, the premium
on the 10,000 new shares was considered as a mining profit, and was used as such towards the
payment of the first dividend of 10 per cent. immediately after receipt. The capital expenditure
during the half-year ending June 30, 1894, was as follows :—
£ 8. d.
Machinery and plant 10,553 11 4
Permanent works 1,009 0 9
Buildings 1,471 15 4
Furniture 79 6 O
Live-stock and carts 109 10 0
Total £13,223 3 5
 WITWA TERSRA ND MINES. 00CD 0.2

Balance-sheet as a! June 30, 1895.

Liabilities. £ 8. d. r Assets. £ 5. d.
To Capital account (130,000 By Property 56,000 0 0
shares at £1) 130,000 0 0 ,, Machinery and plant 56,752 13 2
,, Sundry creditors (on account ,, Permanent works 7,865 2 10
stores, wages, etc.) 11,041 18 7 ,, Buildings 11,346 6 5
,, Unclaimed dividends— ,, Tools and appliances 170 0 0
N0. 1 £265 12 O ,, Furniture 173 17 5
,, 2 189 4 0 ‘ ,, Live-stock and carts 171 17 5
—— 454 16 0 , ,, Investment account (56 Shares
,, Sundry shareholders— , Rand Mutual Assurance Com
Dividend No. 3 32,500 0 0 pany, Limited, at £5) 280 0 0
,, Profit and loss account ,, Sundry debtors 183 15 0
balance 4,593 0 3 ,, Gold in transit £12,170 0 0
l ,, Stores on hand 2,305 5 1
' ,, Fixeddepositwith
% African Bank
‘ ing Corporation 20,000 0 0
l ,, Interest due to
June30 230 13 8
I ,, Cash on hand at
mine 10 18 10
l At De Nationale
Bank 10,929 5 0
45,646 2 7
£178,589 14 10 £178,589 14 10

Profit and Loss Account as at June 30, 1895.

Cost per ton.
s. (1. D1‘. 1?. s. d. Cr. 35 8. d.
20 017 To Mining 61,510 5 10 By Gold account—
3 863 ,, Mllllllg 11,429 11 1 Net proceeds above esti
0 293 ,, Water-right rent 750 0 0 mated value 122 16 5
0 4'15 ,, Charges... 1,062 10 0 ,, Goldwon from mill 117,065 3 3
1) 2'47 ,, London and Ber— ,, Bullion won from tailings... 43,643 13 8
lm Agencies 633 7 9 ,, Sale of slags 207 3 1
0 0'22 ,, Legal expenses... 57 13 0 ,, Interest on fixed deposit 429 13 8v
0 8'20 ,, Directors’ fees 2,100 0 0 ,, Rents 111 7 6.
0 0'18 ,, Audit fees 42 0 0 ,, Premiums On sale of 10,000
0 0'83 ,, Fire _Insurance £1 shares at 408. per share 10,000 0 0
. premiums 214 15 0
0 0-92 ,, Employee Acci
dent Insurance
premiums 237 16 6
0 704 ,, Salaries... 1,801 13 4
70 2'86 ,, Bonus to directors 735 0 0
26 2'60 ,, Cyanide working 14,563 5 2
4 1'42 ,, Balance... 76,441 19 11

,, Depreciation— i€‘1_7_1,579 17 7 £171,579

m £ 17 87¢
'7

15 per cent. Off £ 8. d. ,, Balance from June 30, 1894 7,575 0 6

mach1ne_ ‘and ,, Balance brought down-—
Plant bl" dmgs: Profit for the year ending
etc. 20,924 0 2 June 30, 1895 ..l 76 441 19 11
,, Dividend account— ’
No. 1, 10percent. 13,000 0 0
No 2, 10 per cent. 13,000 0 0
No. 3, 25 per cent. 32,500 0 0
Balance 4,593 0 3

£_84,0l>0__5 £84,017 0 5
384 W] TWA TERSRA ND MINES.

Analysis of Milling Operations for the year ended June 30, 1895.

No. of
Average 1 Average
13811311152‘. , agfgggggmli'f Yield. yietld per, Value of yield. 283;; cost. per Profit.
mu. I I on- on.
._ 1 y a,’ ‘VA

‘ , 61. 661.‘ dwt. 4: a. 11.1 4: 8. d. 8. 11. | £ 1 a

July 29% 30 3.799 1,772 2 9'32 6,683 3 8 5,353 16 6 28 223. 1,329 7 2
.lkugust 29 30 3,215 1,763 6 9'49 6,662 6 1 5,782 15 1 31 158 ‘ 879 11 0

0
November
r 1
30
5 16:; 19112 .75
30
1
‘ 4,178
, ,
1,976 14 946
, ‘
7,436 14
11 s 5 ‘
,
6,196 4 11
6 11 22 ‘3'36 16112.1
29
-
7'93
,
1240 9 6
December 1 27 50 I 5,738 2,450 19 8'65 1 9,830 14 3 7,28) 16 1 25 4'53 ‘ 2049 18 2
January...,‘ 28 50 I 5,951 2,805 6 9.42 10,507 17 6! 7,681 19 4 25 964 2,825 17 11
February 1 26 50 3,057 6 10-55 11,621 3 11, 7,550 15 2 25 977 4,070 8 9
1:611 1 16 :2 :15 56 3 165 116: 11:1 116 112 5126 152 .9 a
May 261
, . ,
6.270
1
3,481 0
‘,
11-10 1 19,050 0 0' 7:877 9 2
g I ‘
29 639
' ,
5,672 10 10
0

June ..., 2s ) 50 6,800 3,57313 11-91 1 13,390 0 04 7,257 8 2 2a 047 6,182 11 10

‘ I _,‘_
Totals ...! | 61,467 61,134 21 117,065 9 6' 60,574 12 6 86,490 10 9

£ a. d.
Value of yield per ton 1 18 1'08
\Vorking cost per ton (including all general charges) 1 6 2'60
Profit per ton £0 11 1048

Cyanide Worke—During the half-year to June 30, 1894, 33,338 tons of tailings yielded
5,939 oz. The averages per ton were: Yield, 3'55 dwt.; value, 96. 4'44d.; cost, 39. 103011.;
and profit, 56. 6141!.

Analysis of Cyanide Operationsfor the yea-r ended June 30, 1895.

,M8,,°“,‘,,"5_ Km“ f’ Yield. A1611!5'61

yiila 0 ‘ Value. ‘ Working 6611. cofife'ffifm Profit.
111].

07.. an. I 4: 8. <1. .2 .1. a, a. d. 4: a. d

July 7,196 1,288 357 3,528 13 1 1,244 10 O 3 5'50 2,284 3 1
August... 7,453 1,166 2'15 3,176 14 6 1,494 3 9 4 0'11 1,682 10 9
September 7,456 1,291 3'46 6,532 7 6 1,975 9 6 3 629 2,156 17 9
October... 7,196 1,294 3'59 ' 3,472 13 5 1,061 12 1 2 11'40 2,411 1 4
November 6,425 1,500 4'66 ' 4,138 4 8 1,279 8 9 3 11'79 2,858 15 11
December 6,425 1,417 4'41 3,853 2 6 1,360 12 5 4 2'82 2,492 10 1
January 6,425 1,449 451 4,087 19 11 1,351 19 2 4 250 2,736 0 9
February 5,140 1,290 501 8,812 2 0 1,099 8 1 4 966 2,712 13 11
March .. I 4,(IX) 1,054 5'27 3,282 19 2 1,174 13 9 5 1048 2,108 5 5
April ...‘ 4,713 1,129 4'79 3,436 1 8 1,116 6 5 4 8'84 2,319 15 3
May 4,145 1,118 5'40 3,409 4 1 947 12 10 4 6'86 2,461 11 3
June 4,145 1,191 5'79 3,940 O O 1, '7 3 5 5 1'22 2,88211 7

T661111 ‘70,716 15,167 £43,670 2 3 £14,563 5 2 £29,106 17 1

£ 6. d.
Value of yield per ton 0 12 4'21
\Vorking cost per ton .. 0 4 1'42
Profit per ton .. £0 8 2'79
 WITWA TERSRAND MINES.

r Summary of Monthly Profits.

Month. 1894—95. Profit from milling. Profit from cyanid ing. Total.

1 £ a. d. £ a. d. 5.‘. s. d.
July .. . 1 1,329 7 2 2,284 3 1 3,613 10 3
August 1 879 11 0 1,682 10 9 2,562 1 9
September . ' 1,249 13 9 2,156 17 9 3,406 11 6
October 1 1,124 6 10 2,411 1 4 3,535 8 2
November 1,240 9 6 2,858 15 11 4,099 5 5
December ‘ 2,049 18 2 2,492 10 1 4,542 8 3
January .. , 2,825 17 11 2,736 0 9 5,561 18 8
February . 1 4,070 8 9 2,712 13 11 ‘ 6,783 2 8
March 4,519 0 0 2,108 5 5 1 6,627 5 5
April 5,396 15 0 2,319 15 3 1 7,716 10 3
May 5,672 10 10 2,461 11 3 ‘ 8,134 2 1
June . ; 6,132 11 10 2,882 11 7 } 9,015 3 5
Totals . . I £36,490 10 9 £29,106 17 1 l £65,597 7 10

£ 8. d.
Total net profit from milling and cyaniding 65,597 7 10
Surplus proceeds on gold won during previous year 96 7 10
Sundry revenue . .. ... ... ... ... 748 4 3
Profit on sale of 10,000 £1 shares at 408. per share 10,000 0 0

£76,441 19 11
Less amount written off for depreciation 20,924 0 2

Total net profit for the year £55,517 19 9

Revenue, Profits and Losses made since milling operations were started (August 26, 1888).

Revenue from l Revenue from Revenue from Losses Profits

Period to
mill. tailings. other sources. ‘ '

£ 8. (I. 5: s. (Ll £ 8- (1- £ 8- d- ‘3 L

December 31, 1888 2,806 2 7 — 16 8 5 2,827 9 3 —
June
December
30, 1889
31, 1889 1,12712 5 ‘ — — 4,107 5 1 —
4,365 o o _ 28 1 5 2,119 0 1 _
December
June 30,1890
31, 1890 21,917 3 9 _ 126 3 9 16,738 5 4 _
21,089 13 3 —~ 26 0 10 — 954 3 IN
CSOQ“ODP-lw
December
June 30, 1891
31, 1891 11,36910 3 _ 15 3 7 4,447 18 6 _
17,179 11 5 — — — 335 17
December
June 30, 1892
31, 1892 28,970 19 6 , _ _ 5,409 16 10 _
23,884 1 5 1 _ _ — 1,629 10
June
December
30, 1893
31, 1893 12,759 0 3 ; _ . _ -- 295 17
24,376 15 3 l _ ; H — 1,815 2
June 30, 1894 35,799 8 9 15,618 0 11! 136 8 O — 17,584 17
June, 1895 (year):
i 117,187 19 8 43,643 13 8, 748 4 3 — 55,517 19
I you
Totals1" 1322, 2 18 6 59,261 14 7,1,097 o 3 l35,64915 1 78,133 7
CC
386 WI 7‘ WA TERSRA ND MINES.
Recapitulation.
£ 8. d.
Revenue from mill 283,406 12 7
,, ,, tailings... 51,059 18 4
,, ,, other sources 348 16 0

Total revenue up to March 31 , 1895 £334,815 6 11

£ 8. d
Profits made 68,163 3 4
Less loss 35,649 15 1

Balance of profit on March 31, 1895 £32,513 8 3

£ a. d.
Balance of profit on March 31, 1895 32,513 8 3
dividend No. 1 10 per cent. = £12 000 l ,- -
25,000 0 0
Less< ” n 2: 10 per Cent : 13:000 ,

Balance available on March 31, 1895 £7,512? 8" 3

The turn for the better in the affairs of the Company dates from the appointment of Mr. G. A.
Goodwin as manager to the Company. He took over the management on condition that a sum
not exceeding £12,000 should be provided for the thorough overhauling and completion of'
machinery and plant. The battery was shut down temporarily (January, 1893), and work was
resumed in May following. During January, 1893, the work done resulted in a loss of £1,111
13s. 1011., but after the alterations above referred to had been made, milling operations were
resumed with good results, leaving a net profit for May and June of £1,531 17s. 8d. The first
year under the new regime (ended June 30, 1894), and with the new facilities, realized a net profit
of nearly £20,000, and since then the prosperity of the Company has continued. The mine
development was so far advanced that it kept always considerably ahead of mill requirements,
and also justified the increase of milling capacity. In September, 1893, five heavy stamps were
added to the mill, making in all 30 stamps, and in November, 1894, 20 additional stamps were
set going, thus bringing the stamping power at the close of the year 1894 to 50 stamps of heavy
pattern, while in April, 1895, it was decided to add an additional 20 stamps. The erection of the
cyanide works, capable of treating 7,000 tons per month, was commenced in September, 1893,
and the treatment of tailings was commenced in January, 1894, the results obtained from the
start being satisfactory. The reserve of old tailings is gradually being exhausted, but the in’
creased stamping-power makes up for this, and there is no fear that the cyanide works will not be
kept well supplied.
On March 1, 1892, an agreement was entered into with the Evelyn Gold Mining Company
for the lease of their property and battery (25 stamps) for the period of one ear, hence the increased
quantity of ore crushed since that date up to February 28, 1893, when t e contract expired. In
the second half of the lease the milling operations at the Evelyn mill were suspended, although
mining operations were still carried on in that Company’s ground. The whole arrangement did not
prove a profitable one (the rental was £260 a month) to this Company, and consequently no attempt
to renew the lease on expiration was made. Later on, in 1893, an offer was made, however, to the
Evelyn Company to acquire their property and assets, consisting of 18 claims (partially intersecting
this Company’s property), plant, machinery, and £4,000 cash for 15,180 fully paid up shares in this
Company. This was not accepted. In 1895 the Claim Trust purchased the properties of the
Evelyn and East Roodepoort Gold Mining Companies, and in July, 1895, the 18 Evelyn outcrop
claims and the 8 East Roodepoort outcrop claims were sold by the Claim Trust to this Company for
20,000 shares.

Drvmnxns—
Sum divided. Paid on. Declared in
No. 1 10 per cent. £12,000 £120,000 August, 1894.
,, 2 10 ,, ,, 13,0)0 130,000 December ,,
,, 3 25 ,, ,, 32,500 130,000 June, 1895.

Total 45 per cent. £57,500

 WI 1' WA TERSRA ND MINES. 387

PRODUCTION AND Cos'r.

Period to 1
c;£g;:d_ Total yield.'Yield per ton. Value per ton. Cost per ton. Protgaper Eggs;
1
V oz. dwt. £ a. (I. £ a. d. l, s. (l.
Dec. 31, 1888 _ k 782 _ _ _ _ ~
June 30, 1889 —-— 307 1, -— — -— — ——
Dec. 31, 1889 — , 1,006 , — — — , — —
June 30, 1890 11,615 1 5,723'05 ' 9'85 — 1 14 2% ~ — 20
Dec. 31, 1890 14,361 1 5,806'31 l 808 — 1 6 6'2 , — 20
June 30, 1891 12,709 1 3,125'95 4'91 — 1 2 2'58 '. -— 20
Dec. 31,1891 14,014 I 4,472'72 1 6'38 — 1 3 1'52 1 — 20
June 30, 1892 1 24,355 , 7,915‘85 . 6'5 — 1 2 8'66 1 — 20—45
Dec. 31, 1892 , 17,143 ‘ 6,312'15 7'35 — , 1 5 1155 i — 20
June 30, 1893 I 8,423 3,383'25 , 8'71 » 1 6 6'52 1 — 25
Dec. 31, 1893 1 18,312 6,546'55 ‘ 7'15 -— 1 4 7'69 , — 25—30
June 30, 1894 ... 21,422 9,470'13 8'84 1 13 4'78 1 5 8'50 7 8'28 30
June 30, 18951(yr.)l 61,467 31,134'10 1, 10'13 1 18 1'08 1 6 2'60 11 10'48 30—50

Referring to working costs, it must be pointed out that all mine development is included in
mining expenses. The amount which should be credited to working expenses on this account goes on
increasing in measure as mine development is advancing, and practically becomes a larger asset
every day. The amount expended on development divided by the tonnage developed is the figure
which should be deducted from the present working cost in order to arrive at the actual working cost.
Dnscmp'riox or THE PROPERTY.—The original property consisted of 31 claims on the Main
Reef, and 2 water-rights, situated on the farm Roodepoort, Witwatersrand, about nine miles west of
Johannesburg. Soon after the formation of the Company, it had the offer of the claims belong
ing to the Lyndhurst Syndicate. It availed itself of this offer, thereby acquiring 22 more reef
claims, and 1 claim to the north of the reef. The property as then formed is divided into 3 blocks,
as follows :~— .
No. 1, or Eastern Block, consists of 18 claims, 5 of which are on the outcrop of the Main Beef,
1 to the north of the reef, and 12 on the south di ; the 5 outcrop claims are situated between the
Durban Roodepoort property to the east, and a b ock of the Evelyn Gold Mining Company to the
west, while the dip claims extend south to the Durban Roodepoort Company to the east, and the
full length of the Evelyn block to the west, there joining the dip claims of No. 2, or middle block.
No. 2, or Middle Block, consists of 24 claims, 7 on the outcrop, and 17 on the south dip
situated between the Evelyn block above mentioned to the east, and another block of the Durban
Roodepoort property to the west; the dip claims joining the dip claims of No. 1 block, and extend
ing for some distance south of the Durban Roodepoort block.
No. 3, or Western Block, consists of 12 claims, 5 on the outcrop, and 7 on the dip, this
portion of the Company’s property being likewise situated between a block of the Durban Roode
poort to the east, and a block of the Evelyn to the west.
In July, 1895, the 18 outcrop claims of the Evelyn, and the 8 outcrop claims of the East
Roodepoort Company were acquired, through the Claim Trust. The total holding is now 80
claims. (For plan, see Volume III.)
MINING Is'rsnuosxcs—Block No. 1: On this block a shaft is now being sunk. Present
depth, 60 ft.; dimensions, 13 x6 ft. 20,000 tons of are have been mined from one level at some
previous date, but all works are inaccessible, the drives having fallen in. Block No. 2 : The shaft
sunk on this part of the property is vertical, 11 x 5 ft., to a depth of 329 ft., timbered throughout;
seven levels have been sunk and developed. Levels 1, 2, and 3 are exhausted. 4th level, drives
east 530 ft. and west 570 ft. on South Reef ; 3,000 tons of ore are left to be mined on this level.
5th level, drives east 540 ft. and west 940 ft. on South Reef ; 16,925 tons have been mined, leaving
approximately 12,075 tons to be mined. 6th level, drives east 592 ft. and west 838 ft. on South
Reef ; 2,693 tons have been mined, leaving 28,491 tons of ore in sight. The 7th level is at
present reached by a winze, but an incline shaft, being practically the continuation of the vertical,
is now being sunk; drives east 112 ft. and west 470 ft. on South Reef; 8,846 tons of ore are in
sight. The total quantity of ore at this level will, however, be approximately 28,000 tons. Block
No. 3—Incline Shaft : This shaft, 12 x 6ft., is sunk to a depth of 753 ft. on the incline, and 300 ft.
vertical de th. Dip averages 23?. Six levels have been sunk. Levels 1, 2, 3, 4 are exhausted.
5th level, drives east 478 ft. and wast 479 ft. on South Reef; of this level 10,422 tons of are have
been mined. 6th level, drives east 106 ft. and west 107 ft. on South Reef. There are also a
cross-cut to reef 70 .ft. and 261 ft. of winzes. In the same shaft at the 360 ft. level, 400 ft. have
388 WI T WA TERSRA ND MI was.
been driven on the Main Reef, and 30,000 tons of ore mined and milled during the last period of six
months.
EQUII'MENT.—Block No. 1—No. 1 Vertical: The head-gear of pitch-pine is 45 ft. high. Water
is at present raised by buckets. Hauling: Is done by one double cylinder, geared, undertype
winding engine by Davey Paxman, steamed by one 16 h.p. boiler by the same makers. Block No. 2
—Vertical Shaft: This shaft is fitted with a 30-ft. pitch-pine head-gear. It is divided into three
compartments: 2 cage ways, 1 pump- and ladder-way. Pump : 6-in. Cornish pump, driven by one
10 h.p. engine by Ransomes & Jefi'eries. Hauling : 2O h.p. double cylinder geared winding engine,
independent drums, by Hornsby & Co. Compressing .' This plant consists of one 12 drills tandem
direct compound engine, 14x24 in. air and steam cylinders, by Walker, and two receivers
12x5 ft., steamed by one Tangye multitubular boiler. Block N0. 3: Incline Shaft. Pump:
9-in. Cornish pump, 5-ft. stroke, driven by one 14x 24 in. engine, by Harvey & Co. Hauling is
done by one 16 h.p. double cylinder geared independent drums winding engine, by Harvey;
driven by one 16 h.p. Robey and one 20 h.p. Marshall locomotive boiler. Crushers station: The
ore is brought to the crushers station by tram and gravitation; empty trucks are returned to
the mine by mule haulage. The trucks are brought over a revolving tippler, and the ore thrown on
two sets of grizzly bars. It is then washed and delivered to a shaking-table, sorted by hand, and
delivered by the shaking-table to the crushers (two Blake & Marsden). This arrangement is the
subject of a patent, the property of Mr. G. A. Goodwin. The ore is then trammed a very short
distance to the mill.
Mill: Milling is done by one 70-stamp 950-lb. mill; 30 stamps are made b ' Sandycroft, 20
by Fraser & Chalmers, Homestake pattern, and 20 stamps of similar pattern y Grusonwerk.
All are fitted with Challenge ore feeders and ore bins of suflicient capacity to supply ore for
Sundays’ crushing. Mill engines: The mill is driven by a coupled compound condensing engine
of 200 h.p., by E. R. & F. Turner. This engine also drives the stone crushers, pum ing station,
and dynamos for general lighting. There is also a small auxiliary 16 h. . en ine y Robey, to
drive the dynamos, the whole plant being steamed by two 100 h.p. boi ers y Turner, multi
tubular, externally fired, fitted with Green’s economizers.
Cyanide Plant: The cyanide plant is erected below the mill. The tailings are discharged
from the mill into two settling tanks, and brought to the leaching vats by tram and mule haulage.
The cyanide plant consists of five leaching vats, 250 tons capacity, fitted with bottom discharge, two
solution vats, 200 tons, one solution vat, 150 tons, and one small mixing tank. The solution
is pumped to the leaching vats by two 4-in. centrifugal Tangye pumps, driven by one Tangye par
atiin oil engine. Water service: This plant is driven from the mill’s engine. Water is obtained
from a shaft sunk below the mill to a depth of 110 ft., with a drive of 1,000 ft. from that level
towards the vlei, and pumped by two 9-in. Cornish pumps, coupled to one raising main. There is
also one 12-in. geared Tangye pump for the return water from the slime dam to the mill. Work
shops: Extensive workshops have been erected on No. 3 block. They derive their power from
a special engine by Tangye, 10x20, steamed by the boilers at the incline shaft No. 3, close
by. Fitters : 60 x 40 ft. The equipment consists of one 14 x 20 in. and one 8 x 20 in. lathe, two ’
drilling machines, one planing machine, one pipe and bolt screwing machine, and one bolt screw
ing machine. Forges: 60x408 ft., forges fitted with Roots blowers, punching and shearing
machines, and 1,250-lb. steam-hammer. Carpenters: 50x401 ft. 36-in. circular saw, one
dimension planing machine.
Ex'rRAc'r mo.“ DIREcroas’ REPORT FOR THE YEAR ENDING JUNE 30, 1895.
Financial Position : On June 30, 1895, the cash in hand amounted to £45,646 28. 7d.,
while the current liabilities were £11,041 188. 7d., leaving a balance of about £34,000. Out of
this, dividend No. 3 of 25 per cent., absorbing £32,500, has been paid.
Profit for Year: The net profit on milling and cyaniding operations is £66,441 198. 11d.,
to which must be added £10,000, being premium on reserve shares.
Depreciation : A very considerable amount has been written off, viz., £20,924 Os. 241., which
reduced the balance of profit and loss carried forward to £4,593 Os. 3d.
Capital Expenditure: £38,747 118. 3d. was spent on machinery, plant, and permanent works
during the year.
Ore Reserves : These have greatly increased during the year, as will be seen from the follow
ing comparative statement:
June 30, 1894. June 30, 1895.
South Reef. South Reef. Main Reef.
No. 1 Block 4,262 tons 4,262 tons 1,014 tons
No. 2 ,, 20,763 ,, 54,273 ,, ~ 2,253 ,,
No. 3 ,, 13,350 ,, 19,520 ,, 39,500 ,,
Total sap-375 ,, 78,055 ,, 42,767 ,,
Total for 1895 120,822 tons.
 WITIVA TERSRAND MINES. 389

Working Costs : These amount to 268. 26011. per ton, being an increase of 6d. per ton on last
year’s rate, due to excess of development over tonnage milled. During the year working expenses
showed a reduction. While they amounted to 25s. 9'64d. per ton in January, 1895, the average
for June was only 238. 0'47d. per ton, working in both cases with 50 stamps. A further reduction
is anticipated.
Sorting : During the year 11,730 tons were sorted out, increasing the tonnage raised to
surface to 73,197 tons, which reduces the average cost from 26.9. 26011. per ton milled to 22s. 0'18d.
per ton mined.
Increase in Stamping Power: The 130-head mill is to be increased by an additional 20
stamps.
Increase of Capital : This has been increased from £130,000 to £150,000, for the purpose of
acquiring the Evelyn and East Roodepoort claims for 20,000 shares.
Ex'raac'rs FROM THE GENERAL MANAoER‘s REPORT FOR 1894-5.
Equipment : The important additions during the year are 20 heavy stamps, 950 lbs., which
commenced crushing on November 26, 1894. An additional 20 are being erected, and will start
in October, 1895. In order to obtain a supply of water, a vertical shaft was sunk 82 ft. in order
to drain the springs. A new vertical shaft is being sunk at No. 1 block. This shaft measures
13 ft. 6 in. by 5 ft., divided into three compartments—two of 3 ft. 9 in. for hauling, and one of 5 ft.
5 in. for pump- and ladder-way. Depth of shaft (June, 1895), 145 ft.; expected to strike South Reef at
475 ft. and Main Reef at 600 ft. The vertical shaft on No. 2 block has been sunk from the 270 ft.
to thfe 400 ft. level. The main incline shaft, on No. 3 block, has been securely timbered down to
758 t.
Main Reef Tests : On the western portion of N0. 3 block, 330 ft. of driving on Main Reef has
been done. Of this reef 4,000 tons have been milled, giving a yield of 6 dwt. per ton.
GENERAL REMARKS.——Tl16 monthly profits now amaunt to between £9,000 and £10,000. The
chairman at the last meeting, held August 29, 1895, stated that the property account stood at
£56,000, which is equal to £1,000 per claim.

ROSE DEEP, LIMITED.

Formed in February, 1894.
CAPITAL—£400,000 in £1 shares; 355,000 issued and fully paid up.
Directors.
LIONEL PHILLIPS (Chairman), J. S. CURTIS, G. ROULIOT, E. BIRKENRUTH, and R. F. WOLFF.
General Manager. Manager.
H. C. PERKINS. Enmns'r H. RICHARDS.
Secretary and Head Ofll'ce.
R. V. MIDDLETON (PO. Box, 771), Eckstein’s Buildings, Johannesburg.
Transfer Secretary at Johannesburg.
0. R. O’FLAHER'I‘Y.
London Agents and Ofir'c.
The Exploration Company, Limited, 30, St. Swithin’s Lane, E.C.
Paris Oflicc and Agent.
Compagnie Francaise de Mines d’Or et d’Exploration, 20, Rue Taitbout, Paris.
FINANCIAL HISTORY.—C'apital : Appropriation .' "endors, 200,000 shares ;_ subscribed for
working capital, 100,000 shares ; reserve, 100,000 shares. Total, £400,000. 25,000 reserve shares
were issued in March, 1895, to shareholders pro rata at 858. per share. This issue was guaranteed
at 808. per share in the following proportions: The Rand Mines guaranteed 10,000, the Consolidated
Deep Levels, Limited, 10,000; and the Goldfields Deep, 5,000. 5,041 shares were applied for by
shareholders. Appropriation of 200,000 vendors’ shares :—
Rand Mines .. 86,634 shares for 70 claims.
Consolidated Deep Levels 83,366 ,, ,, 47 ,,
Goldfields Deep, Limited 30,000 ,, . ,, 16 ,,

200,000 ,, ,, 133 claims.

The 100,000 shares first issued for working capital were subscribed at 203. by the vendors in the
following proportions: Rand Mines, £43,318; Consolidated Deep Levels, £41,682 ; Goldfields Deep,
390 WITWA TERSRAND MINES.

£15,000. The total amounts raised for working capital up to June, 1895, has therefore been about
£201,250. By June, 1895, about £120,000 had been expended on shafts, machinery, plant and
buildings, which at that date left the Company with a credit balance of £80,000. In July, 1895,
30,000 shares were paid to the Simmer and Jack Gold Mining Company for about 48 claims,
increasing the issued capital to £355,000.
ACCOUNTS AND FINANCm.—Receipts and expenditure up to December 31, 1894 :—
Receipts. £ 8. d.
From issued capital 300,000 0 0
Disbursements. :77 i w
Paid for 133 claims... £ a. d. 200,000 0 0
,, ,, shaft sinking 37,170 0 3
,, ,, plant 32,513 4 9
,, ,, stores 5,41710 1
,, ,, lJLincoln shaft 2,109, 0 7
£77,209 15 8
Interest, ofiice expenses, etc. 1,748 9 1
. —— 78,958 4 0
278,958 4 3
Cash assets, less liabilities... 21,041 15 3
£300,000 23
The general manager estimated that during the 18 months from January, 1895, the expen
diture for the complete development and equipment of the mine would be £100,000; and for
surface and reduction plant, 100 stamps, £100,000; total, £200,000; which is £180,000 more than
the Company had in hand on December 31, 1894. Since then, 25,000 reserve shares have been
sold, realizing over £100,000, which, unless more reserve shares were issued, would leave the Com
panylwith a debit balance of £80,000.
Balance-sheet at December 31, 1894.
Liabilities. £ 8. d.
To Capital (in 400,000 shares of £1 each) £400,000 0 0
Less reserve shares unissued 100,000 0 0 ,
~A————— 300,000 0 0
,, Sundry creditors 6,230 17 0
£306,230 17 0
Assets. :6 s. (I.
By Claim property (133 claims)... 200,000 0 0
,, Permanent works—
No. 1 shaft, sunk 696 ft. £20,634 14 1
N0. 2 shaft, sunk 626 ft. 16,535 6 2
Mexican shaft 2,109 0 7
—--—— 39,279 010
,, Buildings , 10,503 0 1
Machinery and plant... £21,831 19 2
Tramline and causeway 178 5 6
- f 22,010 4 8
,, Vehicles and live-stock . 288 4 8
,, Furniture 82 6 8
,, Witwatersrand Chamber of Mines debenture 100 0 0
,, Sundrydebtors 25,866 6 5
,, Stores on hand 5,046 18 9
,, Cash on hand—
National Bank £1,075 0 4
At mine—cash £221 5 6
,, passes 10 0 0
—— 231 5 6
~ ~— ~ 1,306 5 10
,, Balance 1,748 9 1
£306,230 7 0
 WI T WA TERSRA ND MINES. 39 1
Statement of Profit and Loss for 10,’, months ending December 31, 1894 :—
Dr. £ a. d. 1 Cr. £ 9. d.
To Directors’ fees 85 1 0 ByInterest 1,144 5 11
,, London agency 233 6 8 ,, Balance 1,748 9 1
,, Ofiice expenses 120 18 10
,, Special charges 327 2 0
,, Legal and preliminary expenses 1,381 3 0
,, Licenses 285 3 6
,, Salaries 460 0 0

£2,892 15 0 £2,892 15 0

DECRIPTION OF THE PROPERTY.—The original property consisted of 117 claims and the
mineral rights under a portion of the Simmer and Jack werf. Total area, 133 claims. In July,
1895, the Company bought 37'9275 claims and a portion of the Simmer’s mynpacht, in extent 10'0451
claims, from the Simmer and Jack Company, making the total area about 181 claims. The property
is situated to the immediate south of New Primrose Gold Mining Company. The Company has on
the strike of the reef a length of 4,500 ft., and on the dip of the reef 2,300 ft. (excluding the
claims recently purchased). (For plan, see Volume III.)
MINE DEVELOPMENT.——Tlle mine is being developed by means of two shafts. No. 1 shaft
(situated at the east end of the property) is located 1,600 ft. from the ‘east boundary and 150 ft.
from the north boundary. Size, 21 x 6 ft. in the clear. No. 2 shaft (west end of the property),
size, 16 x 6 ft. in the clear, is located 1,900 ft. west from No. 1, and 150 ft. from north
boundary. The sinking of No. 1 was begun on December 4, 1893 ; and N0. 2 on December 7, 1893.
Up to December 31, 1894, the rate of sinking has been an average of 70 ft. per month. At
December 31, 1894, depth of No. 1 shaft, 696 ft.; at December 31, 1894, depth of No. 2 shaft,
626 ft. No. 2 shaft had to pass through a diorite dyke, and only got clear of it at a depth of 335
ft., when it got into sandstone formation. The Main Reef series was struck in No. 2 shaft at a
depth of 670 ft. In No. 1 shaft the reef was estimated to be intersected at a depth of 750 ft.
The reef when struck in No. 2 assayed up to 8% oz. per ton. Recent assays: Middle Reef east,
hanging-wall, 9 in. = loz. 19 dwt., footwall, 9 in. = 1 oz. 3 dwt. ; west of shaft, hanging-wall, 24 in.
= 1 oz. 13 dwt. ; footwall, 6 in. = 5 dwt. Since December not only has the sinking of the shafts
been proceeded with, but the reef has been drifted upon both from No. 1 and No. 2 shaft. The
following table gives the details of development work to June 30, 1895.

‘1
Work completed up to ‘ May 31. During June. ' June 30.
Shaft 1.-T6161 depth i 911 _ Y 011
Cross-cut N. 147 — 1 147
Drive W. 1 18 17 l 55
Shaft 2.—-Total depth ‘ 714 — 714
Incline 84 — 84
Cross-cut 30 — | 30
Winze... ' . 10 _ ' 10
Middle Reef E. 1 89 _ l 89
,, ,, W. f 201 7 I 206
,, ,, E. cross-cut N. ‘ 120 — 120
,, ,, E. ,, s. l 73 _ 1 73
,, ,, W. ,, S. 23 — , 23
,, ,, W. ,, N. . , 75 -— ,' 75

Total 2,495 24 2,519

Development stopped in shaft No. 2 ; putting in curve for incline.

Cost of sinking up to December 31, 1894 :—

Total cost. Cost per foot. Cost per foot fimt Cost per foot last
7 months. 6 months.
> £ 6. d. £ a. d. £ a. d. £ 0. d.
Shaft N0. 1 20,634 14 1 29 12 0 32 O 0 28 0 0
,, ,, 2... 16,595 6 2 26 s 0 34 0 0 3210 0
392 WI TWA TERSRA ND MINES.
EQUIPMENT.—Up to December 31, 1894, the mine was equipped as follows: One head-gear,
60 ft. high; one hoist, geared 12 x 28 in., one hoist, first motion, 18 x 36 in.; two 8-in.
Cornish pumping plants, compound engines, and four 100 h.p. boilers. Recent additions: head
gear for No. 1 shaft, air compressor, additional boilers, large winding engine, sorting-floor, etc. The
air compressor drives 28 drills.
GENERAL REMARKS.—Tl18 general manager states in his report to the Rand Mines, dated
February 25, 1895, that by the latter end of 1896 the mine will be so developed as to supply 100
stamps regularly. The Company employs 100 white men and 250 natives.

ROTHERY BLOCK GOLD MINE, LIMITED.

Formed in January, 1895.
CAP1TAL—£120,000 in £1 shares; 100,000 issued, 40,000 being fully paid and 60,000
having 158. paid up.
Directors.
JAMES AnAMEs, EAsToN J. Cox, ALBERT Hrss, H. KNATCHBULL-HUGPBSEN, M.P., and
ALBERT E. Ross.
Local Directors at Johannesburg.
JULIUS FRIEnLANnER, ALBERT HERZBURG, and F. VINCENT S'roKEs.
Secretary and Oflice.
NEWMAN GoLD.\1AN, 55 and 56, Bishopsgate Street Within, E.C.
CAPITAL.—The vendor (Mr. G. A. Wahab) received £70,000 for the property, £30,000 being in
cash and £40,000 in shares.
PROPERTY AND LocALITY.—-92 claims on the farm Middelvlei, West Rand, about 24 miles
west of Johannesburg, and 9 miles south-west of Krugersdorp. The Company also owns a water
right. The length on the strike of the reef is 3,200 ft. The claims are mostly four deep, or 1,600
ft., but at one end of the property the width is 2,000 ft. ,
GENERAL REMARKS.—AI1 the time the prospectus was issued two shafts had been put down to
depths of 27 and 23 ft., but no particulars of the reefs found in these shafts are given. It is
claimed that seven banket reefs (the Randfontein series) pass through the property from north to
south, practically vertical with a slight inclination to the west, but probably dipping to the east in
depth. Mr. E. G. VVoodford estimated that the average value was 1 oz. per ton. In May, 1895, the
following cablegram was received: “ Struck leader, the western boundary, resembling Randfontein
leader. Pannings give excellent results.”

RYAN NIGEL CQMPANY, LIMITED.

Formed in 1895.
CAPITAL—£115,000 in £1 shares ; all issued and fully paid up.
Directors.
H. B. MARsRALL, JAMIS HAY, and B. T. BOURKE.
Ofice.
Johannesburg, Transvaal.
CAPl'I‘AL.——Th6 Company was originally formed with a capital of £105,000, of which £25,0(X)
formed the working capital. This, howeverpwas subsequently increased by the creation of 10,000
new shares, which, being underwritten at 253., yielded £12,500, and brought the Company’s cash
up to £37,500. Arrangements were also made by which an additional amount of £55,000 would be
forthcoming when required.
PROPERTY.—The Company owns 144 claims situate between the Nigel and the Romola pro
perties, in the Heidelberg district.
GENERAL REMARKS.—It is stated that the reef runs from the Nigel’s boundary through the
property. Two shafts are already down 200 ft. on the reef, which, though patchy, as in the case
of the Nigel, shows fairly well as a whole. Developing operations are being carried on.
 WITWA TERSRA ND MINES. 393

ST. ANGELO MINES, LIMITED.

CAPITAL—£150,000, in £1 shares; all issued and fully paid up.
Directors.
0. S. GOLDMANX (Chairman), GEORGE FARRAR, W. W. WHEELER, and — BEYNON.
Srcretary and Oflice.
G. W. HIGGINS, 1 and 2, Bettelheim Buildings, Johannesburg.
FINANCIAL HIs'1‘0RY.—CapitaI, £150,000, in £1 shares, of which 148,000 are held by the East
Rand Proprietary Mines. The Company owned 34 claims, which have been sold to the Angelo
Mines for 30,000 Angelo Mines shares; the Angelo Mines also taking over the liabilities of the
St. Angelo, amounting to approximately £10,000. The Company has therefore parted with its
entire property. See notice of the Angelo Mines.

SALISBURY GOLD MINING COMPANY, LIMITED.

Formed in 1886.
CAPITAL—£100,000 in £1 shares ; 89,900 issued and fully paid up.
Directors.
E. M. GREExE (Chairman), JOHN FREEMAN, H. K. HATHORN, P. F. PAYN, and H. PARKER.
Manager.
THOMAS DILKS.
London Commitlel'.
W. R. COLE, W. G. lame, and J. H. WALLACE.
Secretary and Head Oflicr. Secretary and Branch Q0700.
ADOLPH EICKE, Pietermaritzburg. VVARRE-SMITH, Johannesburg.
London Scm'eiary and Qffice.
J. S. SHELDRICK, 96, Gresham House, Old Broad Street, E.C.
CAPITAL CHANGm.—Original capital, £16,000 (£11,000 to vendors and £5,(D0 subscribed) ; on
March 7, 1888, increased to £22,000; and on December 27, 1888, increased to £25,000. In January,
1890, the capital was again increased to £400,000 (for the purpose of acquiring the Empress block
of dip-claims), while in June, 1891, the capital was again reduced to £100,0(X).
RECAPITULATION: Showing total capital supplied :—
£ 8 d.
Original capital subscribed 5,(X)0 0 0
March 7, 1888, by increase 6,000 shares, realized 7,381 0 0
December 27, 1888, ,, 3,000 ,, 2,250 realized 82,811) 0 0
Reserve 750

£3,000
January, 1890. Capital reconstructed to £400,000.
Distribution—
Old shareholders 10 shares for one old =£242,500 shares.
750 reserve shares = 7,500 ,,
Reserve shares newly created = 40,000 ,,
To Empress Syndicate for 8 dip~claims= 110,000 ,,

June, 1891. Capital reduced to £100,000.

#450090‘?
if 1
Distribution—
Old shareholders 1 share for 5 old ones=£70,500
Reserve ... ... ... 29,500

£10m")
Carried forward 95,181 0 O
394 WI T WA TERSRA ND MINES.
£ 8. d.
Brought forward £95,181 0 U
Reserve 29,500 shares.
1892. Sold 18,322
realizing 35,519 0 0
Reserve 11,178 ,,
1893. Sold 4,178 ,,
,, 9,40010 0
Reserve 7,000 ,,
1894. Sold 5,900 ,,
,, 14,655 5 6
Reserve 1,100 —-———
£154,755 15 6
Total premium realized on shares £113,105 15 6
Less amount written off on Wooldridge account 610 15 3
£154,145 0 3

ACCOUN'rs AND FINANCE—Accounts made up annually to May 31. Extracts from balance
sheet and profit and loss account to May 31, 1894 :—

Balance-shed.
Liabilities. £ 3. d. I Assets. .6 s. d.
To Capital account— By Property account 70,121 11 7
£100,000, less reserve 98,900 0 O ,, Mine development reserve... 10,482 10 0
Sundry creditors 2,375 11 10 ,, Plant and equipment 30,834 6 11
Profit and loss 36,493 8 5 l ,, Buildings 10,698 15 11
3 ,, Sundry assets 1,148 13 5
1 ,, Sundry debto 1,032 10 10
1 ,, Cash... 13,450 11 7
£137,769 0 3 1 £137,769 0 3

Profit and Loss Account.

Dr. £ 8. d. Cr. £ a. d
To Mining expenses 40,143 4 7 By Balance from last year 37,097 14 9
,, Reduction ,, 18,753 17 0 ,, Premium on shares sold 8,576 5 6
,, Depreciation 15,638 2 4 ' ,, Transfer fees 1 19 6
,, Dividend paid 9,300 0 0 ,, Gold account 74,652 12 7
,, Balance 36,493 8 5
£120,328 12 4 £120,328 12 4

The amount written off‘ for depreciation includes £610 158. 3d. loss made on claim against
T. Wooldridge, and the balance of profit includes £8,576 58. 6d. premium on shares sold.
Net profits made since crushing operations were started :—
£ 8 d.
To May 31, 1888 9,444 4 8
,, ,, 1889 34,294 6 0
,, ,, 1890 347 2 4
,, ,, 1891 5,985 12 10
,, ,, 1892 14,047 6 8
,, ,, 1893 28,530 18 1
,, ,, 1894 730 3 5
£93,379 14
 WI T WA TERSRA ND MINES. 395

During 18934 two heavy items were written 011' : first, £7,383 3.9., being 15 per cent. for de
preciation on the plant, equipment, and the buildings; and £7,644 48. 1d. in order to reduce the
reserve for mine development to the low rate of 58. a ton on the ore in sight.

DIVIDENDS.——
£ 3. d
1888 45 percent: 7,928 5 O
1889 1471, ,, = 33,352 5 6
1890 7; ,, = 1,820 0 0
1891 nil.
1892 30 ,, = 27,900 0 0
1898 10 ,, = 9,300 0 0
Total 240 ,, =£80,30010§

Although the balance carried forward on May 31, 1894, amounts to £36,493 8s. 5d, of which
£13,450 118. 7d. was cash in hand, no further distribution has taken place, as it was intended to in
crease the joint battery (joint with- Jubilee) from 40430 stamps, which will mean the purchase of
a IO-stamp battery, together with additional motive power, by this Company.

Gold Production since starting of Crushing operations.

-
Period‘ Tons
l stamps‘ crushed. Total
yield. ! ,
‘alue' Avera
yield e
pergton. l Total cost
per ton. Profit
f per ton

September 1, 18a? ; I oz. ' s 8. a 01. dwt. gr. .2 Q. (l. ‘ s; s. 4

to May 31, 18%8 , 5—10 1 1,781 4510'25 15,$4 6 6 2 10 11 3 U 0 5 7 0
,, ,, 1889 10-20 6,690 13359'2 46,757 4 0 2 ‘Z 0 l 1 5.5 5 18 lOQ
n n 1890 ‘20 — — 23,759 0 10 —- —— , —
,, ,, 1891 20 8,050 10300'5 86,812 8 7 1'2795 8 15 4'9 0 14 9'7
,, ,, 1892 20 12,811 12013748 44,340 5 9 19 17 2 18 1 O 18 11
n 1| 1g) 40 21,264 1862185 65,176 9 b 17 12'35 2 2 8'4 0 19 0'2
11 n 1894 40 I 24,882 I 163112 57,089 4 0 13 11 2 15 1 loss ' 0 9 2'4
l l

‘ 74,981 I 7514048 289,298 19 2

I As explained before, the cost of the last period is exceptionally large on account of the heavy
items written 011' for depreciation and mine development redemption. The loss, however, on milling
is made up by the larger profit on cyaniding.

Cyanide Works.
- '1‘) I . A w C.t Profit
Penod' tredtilefiil. Bulhon' value‘ ‘ yieldfiiet-gtzn. perothn I per ton.

September 1, 1887 oz, ‘WM; ' a: d.’ dwt. s. d. j n. d.

to May 31, 1892 , 8,346 3579 9,087 12 7 -— l5 0 t‘ 9

Year 1893 12,855 4739'10 11,911 8 9 — 8 8'6 9 9'8

,, 1894 16,281 6145'35 17,563 8 7 I 7'54 6 7'5 14 114

1 37,482 14463-45 £38,562 9 11 l i l

The cyanide works were started in September, 1891, this Company being the first to adopt the
McArthur-Forrest process. As the old mill was found insufiicient at first, a 50-stamp Sandycroft
mill was ordered, but was subsequently disposed of, as it was found more advisable to have a
Fraser & Chalmers heavy stamper. In ordering the latter an arrangement was entered into with
the Jubilee Company, according to which a joint 40-stamp battery was ordered and erected on a
block of deep-level claims jointly owned b this and the Jubilee Company. With the 20 new
:stamps the Company is enabled to crush at east half as much again, if not twice as much, as with
the old mill. The system of the joint battery has worked very well, and to the mutual satisfaction
396 "’IT WA TERSRA ND MINES.

of both companies concerned, so that now an increase of 20 stamps is being effected as well for joint
account.
PROPERTY.—Consists of 1650 claims, bounded on the west by the Wemmer Gold Mining Com
pany, and on the east by the Jubilee. The dip ground of the eastern portion is held by the Jubilee,
and the western by the Village Main Reef. Of the above number of claims, 12 are reef claims, the
remainder being north of the reef. In 1893 the Gem block of claims was acquired for £21,000.
These claims form the second dip. The length of the outcrop is 900 ft., which at the eastern end is
increased by 2 claims, 100 ft. south of the outcrop. This length, 1,200 ft., continues for 4125 ft.
south, when the Jubilee boundary comes in at the eastern side, and reduces the length to 450 ft.,
which continues south for 398 ft. In 1889, the Company acquired a water-right about 2 miles from
the mine on the \Vemmer Pan, for £2,500, and a yearly rental of £500. The Company also owns a.
block of 36 claims jointly with the Jubilee Gold Mining Company, about 1,800 ft. south of the
outcrop of the Jubilee and City and Suburban Company. This block consists of 13 claims in line,
with about 1,200 feet of dip ground. Dip of the reef : Steep, 70° to 65°; at 6th level, 42°. Width
of the reefs stoped : South Reef and Main Reef Leader together, 30 in.
MINE—The mine is worked by a vertical shaft to the 6th level. The South Reef was cut at
565 ft. The shaft was then turned on the incline, and the sinking continued on the South Reef. The
shaft (October, 1894) is 270 ft. below 6th level. The assay value of the reef below 6th level is
6215 dwt. for 145 in. The value for a stoping width of 30 in. would be 3025 dwt. The reef varies in
width from 22 to 9 in. The 8th level has been opened for 283 ft., and the 7th for 455 ft., both
drives being on the South Reef. 8th level dip, 42°. The South Reef consists of two leaders. The
hanging leader varies from 9 to 12 in., and is separated from the footwall leader by quartzites
which vary in thickness from 15 to 36 in. The footwall leader carries most of the gold, and is
about 6 in. thick. The 6th level on the South Reef is opened west of the shaft for 372 ft. Assay
value, 582 dwt. for 228 in., the value of a stoping width of 30 in. being 438 dwt. The reef varies
in size from 12 to 38 in. East of the shaft the level has been extended 365 ft. Assay value, 73".!
dwt. for 147 in., or 3586 dwt. distributed over 30 in. stoped. In this section the width of the reef
varies from 4 to 24 in., and the dip varies from 50° to 60°. The Main Reef Leader lies about 75 ft.
behind the South Reef, and on 6th level has been opened for 159 ft. Assay value of reef, 31'2 dwt.
for 125 in., or 1304 dwt. for 30 in. The reef varies in size from 6 to 20 in. The 5th level
(460 ft. vertical) is opened on South Reef for 575 ft., and on Main Reef Leader for 315 ft. East of
shaft the leader assays 56 2 dwt. for 7'8 in., or 1456 dwt. for 30 in. The roof varies in size from 3 to
13 in. West of shaft, assay value 312 dwt. for 125 in, or 1304 dwt. for 30 in. The reef varies in
size from 6 to 20 in. In the higher levels the assay value has been 22 dwt. 23 gr. for 20 in. of
the Main Reef Leader on 4th level, and 35 dwt. 2 gr. for 20 in. of South Reef. On 3rd level the
South Reef for 20 in. assayed 31 dwt. 3 gr., and Main Reef Leader 28 dwt. 3 gr. for the same
width. The ore for the mill is being mined on the South Reef from stopes between 3rd and 4th
levels and the Main Reef Leader from 2nd, 3rd, and 4th levels. On the South Reef about half of
the 4th level is left, and on Main Reef Leader, half the 3rd and 4th levels remain.
ORE RFSERVFS.—At end of May, 1894 :—
Level. South Reef. Main Reef Leader.
3rd 1,746 4,448
4th 7,462 8,648
5th 5,924 3,210
6th 7,184 2,225

22,316 18,531

Tons.
Ore at surface 1,086
South Reef 22,313
Main Reef leader 18,531

Total reserves 41,930

The manager estimates (August, 1894) that the reserves amount to 50,000 tons. This average
18 calculated on the average width of the reefs, viz. 20 in., and not on the stoping width, so this
uéoufid benclear ore, which puts the mine, with present crushing capacity, about two years ahead
0 t e mi .
POLIcY.—The shaft is being continued with all speed to develop the lower levels, in order to
take advantage of the marked improvement taking place in width and in value.
 WI T WA TERSRA ND MINES. 397

Statement showing Total Capital put into the Mine to May 31, 1894.
£ 8. (1.
Total profits made since formation of the Company... 93,379 14 0
Total capital supplied 154,145 0 3

£247,524 14 3
£ 8. d.
Total dividends paid 80,300 10 6
Reserve fund 250 0 0
Paid for water-right 2,500 0 0
,, Gem block 21,000 0 0
£104,050 10 6
Balance of assets over liabilities 36,493 8 5
» "i 5 4 140,543 18 11

Total amount sunk in the mine £106,980 15i4

MINING INTELLIGENCE (June 15, 1895).—The Main Shaft is sunk vertically to a depth of 565
ft., continued as an incline to a further depth of 416 ft., dipping at an average of 45°. Stations
have been cut at 100, 200, and 300 ft. below No. 6 station.
9 levels have been sunk.
No. 1 and 2 are exhausted.
,, 3. Main Reef Leader, drives east and west to boundary, 446 tons in sight.
South Reef, n n 11 471(1) n
,, 4. Main Reef Leader, east, 420 ft. ; west to boundary, 3,050 ,,
South Reef, east, 350 ft. west to boundary 14,134 ,,
,, 5. Main Reef Leader, east, 262 ft. ; west, 169 ft. 8,323 ,,
South Reef, east, 415 ft. ; west, 257 ft. 6,630 ,,
,, 6. Main Reef Leader, east, 151 ft. ; west, 95 ft. 6,770 ,,
South Reef, east, 521 ft. ; west, 389 ft. 12,554 ,,
,, 7. South Reef, east, 441 ft.; west, 375 ft. 7,076 ,,
Main Reef Leader. No development. Cross-cut to Main Reef, at 81 ft.
,, 8. South Reef, east, 423 ft. ; west, 313 ft. 5,722 tons in sight.
,, 9. South Reef, cross-cuts to Reef, east, 108 ft. ; west, 73 ft.

EQUIPMENT (June 15, 1895).—-The shaft is 12 x 5 ft., timbered throughout, and divided into
three compartments—2 hauling, 1 pump- and ladder-way. The head-gear of pitch-pine is 60ft. high.
The ore is raised to the level of the adjoining sorting floor, passed over grizzlies and hand-sorted.
The waste rock averages 35 per cent. It is crushed by three Blake’s crushers and trammed to the
mill half a mile distant. Pumping .' 8-in. Cornish pump driven by one 100 h.p. single cylinder, long
stroke, high pressure, horizontal geared pumping engine, by Harvey & Co. Hauling : One Tangye
coupled geared winding engine, 13 X 28 in., to raise a load of 55 cwt. from the vertical, at a speed of
600 ft. per minute. The cylinder is fitted with a patent steam developing gear. Air Com
pressor .' Consists of one pair coupled, girder type, horizontal 15 x 28 in. Tangye engines, to drive
12 slugger drills, air cylinders. Two Tangye air compressing cylinders, 16% X 28 in. Rock
Crusher Engine: One Tangye horizontal, girder-type engine. Electric Light is obtained from a
dynamo, driven by a Tangye vertical high-speed engine. Pumps .' 2 duplex steam pumps supply
water to the sorting-floors. Boilers .' Three 30 h.p. multitubular, externally fired boilers by Harvey
& Company; working pressure 100 lbs.
Mill: From the crusher-house the ore is conveyed to the mill by tram by mule haulage.
The mill is the joint property of the Jubilee and the Salisbury Companies. The stamping power
worked by this Com any consists of 50-stamps, 950 lbs., by Harvey &. Company, driven by
1 Tangye tandem surface condensing engine, 16 and 28x42 in., 250 h.p., 140 lbs. working steam
pressure, with fly-wheel 16 ft., grooved for ten 1%-in. driving ropes. Boilers .' 2 Lancashire boilers
with gowie tubes, 30 ft. x 7 ft. 6 in., 140 lbs. working pressure, 300 h.p. each, by Easton, Ander
son & Goolden, Limited. Mill Pumps: Consist of 2 double ram pumps 10 x 24 in., driven
by wire rope from the mill engine, and capable of delivering 15,000 gallons per hour. Smoke
Stack: Steel smoke-stack, 100 ft. X4 ft. 6 in.
Cyanide: This plant is also divided with the Jubilee Company. The plant worked by the
Salisbury Company consists of 4 square leaching vats, 60 tons capacity ; 2 circular leaching vats,
398 WITWA TERSRA ND MINES. '

22x9 ft., 100 tons capacity: 3 settling tanks fitted with rotary distributors, all fitted with
bottom discharge; 4 solution vats; 3 extracting zinc boxes. The solution is pumped from the
leaching vats to the extraction zinc boxes by one ordinary geared Tangye pump. The tailings are
elevated to the settling vats by a 30-ft. wheel. The slimes are run into a pit, and kept for further
treatment.
Electric Light for mill and cyanide works is obtained from one dynamo, driven by a
Marshall horizontal engine.
Pumping Station.—Water for milling purposes is obtained from the Company’s water-right
on Wemmer pan, pumped by a double ram pump, 12 x 24 in., delivering 20,000 gallons per hour,
driven by one high-pressure non-condensing engine, 12x24 in., and conveyed to three reservoirs,
erected above the mill, by a delivery pipe 8 in. diameter.
GENERAL.~—Durlng the last period under consideration, the Company’s workings have been
passing through poor and narrow rock, which accounts for the less satisfactory results obtained.
The poorer ore has been mined from the 3rd and 4th levels, while the levels following these
show that the value and width are improving. Additional stamping-power will enable the Com—
pany to deal more profitably with these narrow and poorer reefs, while the returns from the wider
and more valuable reefs in the lower levels will be enhanced. For information as to the battery
site claims, see the notice of the Jubilee Gold Mining Company. During 1895 the battery of this
Company was increased from 20 stamps to 50 stamps by the erection of 30 additional stamps, which
commenced crushing in August, 1895. The Company has decided to write off the whole amount
standing against the Mine Development Account, viz., £21,967, and a further sum of £16,021
168. 9d., as depreciation on buildings, plant, and machinery. Hitherto 5s. per ton was written off
for mine redemption. The total amount having been written 03', this account will no longer
appear in the working costs. The monthly mining and development expenses will in future
appear in the monthly accounts. The Company had no reserve working capital, and the increased
mill cyanide works and boiler plant had to be paid for out of the past year's profit, which made it
impossible to pay a dividend during the year. The Company is still £4,000 in debt in respect of
these new additions. The ore reserves at May 31 stood at 70,623 tons. During the year ending
June, 1895, the value of the gold produced was £69,893, and the expenses amount to £56,329,
leaving a profit for the year of £13,564. At the meeting held on August 21, 1895, the chairman
stated that shareholders could look forward to regular dividends for the current financial year.
The mine had passed through the poor zone, and he anticipated that the yield from the lower levels
would be higher, and would about correspond with the good returns from the upper levels.

SIMMER AND JACK EAST, LIMITED.

Formed in August, 1893.
CAPITAL—£700,000 in £1 shares; 550,000 issued.
Secretary and Head Ofice.
H. D. SOLOMON, Johannesburg, Transvaal.
London Srcrotary and Oflicc.
J. T. Bsnsonouon, 8, Old Jewry, E.C.
CAPITAL APPROPRIATION.—Vendors, 364,000 shares; working capital subscribed at par by
vendors, £186,000; reserve, £150,000; total, £700,000. Of the vendor shares the Simmer and Jack
Gold Mining Company received 145,505, and subscribed pro rate. to the working capital.
PROPEn'rY.—Comprises 458.t deep level claims situated to the south of the Rose Deep, Limited.
Out of these the Simmer and jack Gold Mining Company contributed 135'0913 claims, an area
which was held under claim licenses and mynpacht, lately werf. (For plan of property, see Volume
III.)
GENERAL REMARKS.———The vendors and promoters are the Simmer and Jack Gold Mining
Company, the Consolidated Goldfields of South Africa, the Goldfields Deep, Messrs. Wernher, Beit &
Co., Messrs. S. Neumann & 00., Mr. J. S. Curtis, and Messrs. Mosenthal, Sons 81. Co. The par
valuation of claims on the basis of vendors’ capital is £800 per claim.
 IVITIVA TERSRA ND MINES. 399

SIMMER AND JACK GOLD MINING COMPANY, LIMITED.

Formed in 1887.
CAPITAL—£250,000 in £1 shares; all issued and fully paid up.
(The capital is about to be raised to £5,000,000 in 1,000,000 shares of £5 each, of which
60,000 shares will be held in reserve).
Directors.
CAPrAm E. F. Rnonns (Chairman), R. R. Honnms, S. B. JOEL, G. FARRAR, E. BRAYSHAW, Geo.
RICHARDS, and E. BIRKENRUTH (alternate J. DURHAM).
Super-intending Directors and Finance Committee.
E. BRAYSHA\V and G. RICHARDS.
London Agents.
J. R. HOUGH THOMSON, F. A. ROBINSON, and C. D. Kmnnn.
Secretary and Head Ofice. '
H. D. SOLOMON, Consolidated Gold Fields Buildings, Johannesburg.
London Secretary and 0 cc.
J. T. Bnnnoaoncn, 8, Old Jewry, E.C.
£ 3. d.
CAPITAL CHANGER—Original capital £75,000, appropriated as follows: 52,000
shares to the vendors, 10,000 subscribed by vendors and 10,000 by the public,
3,000 held in reserve, giving working capital .. 20,000 0 0
The reserve shares were subsequently sold, realizing 5,754 7 6
In 1889 the capital was increased to £85,000 by creation of 10,000 new shares,
which were held in reserve at first. Subsequently 5,000 were sold, netting 40,268 5 0
During the half-year ended May 31, 1890, 1,000 more were sold for .. 4,018 14 4
And in the half-year following 2,000 were sold for .. 8,981 0 10
And the balance of 2,000 shares was disposed of in October, 1892, at 6,965 0 0
At the beginning of 1894 the following scheme was proposed: increase of capital
to £110,000, issue of 20,000 shares to the shareholders at £3 78. 6d, 5,000
shares to remain in reserve. This scheme was not proceeded with, Owing to a
more extensive offer made by the Consolidated Gold Fields of South Africa,
comprising the acquisition of certain deep-level properties by the Company.
A provisional agreement was entered into, which was confirmed at a special
meeting held on August 14, 1894. The capital was increased to £250,000,
appropriated as follows: 22,000 shares distributed among the existing share
holders Of the Company as a bonus, being one new share for every four old
shares held by them, 98,000 Of the new shares to the Consolidated Gold
Fields of South Africa in exchange OI‘ consideration for all the claims and
other properties and assets specified in the above Ofi'er, bein altogether 5493
claims and 2 water-rights. The balance of 45,000 shares 0 ered to the share
holders Of the new Company pro rata to their holdings at £6 per share, the
issue being guaranteed by the Consolidated Gold Fields of South Africa,
Limited 270,000 0 '0
Practically all these shares were taken up by the shareholders.
Total capital supplied £355,987 7 8

Total premium realized On shares £277,987 7 8

The agreement with the Consolidated Gold Fields of South Africa stipulates further that that
Company guarantees a loan Of £75,000 to this Company, to be advanced whenever required,
in order to enable the Company to carry out the very extensive works contemplated.
Biz-ARRANGEMENT 0F CAPITAL—At the end of October, 1895, it was decided to re-arrange
the capital. The new capital will be £5,000,000 in £5 shares. Of the 1,000,000 new shares,
875,000 will be exchanged for present holdings (being seven new for every two Old), 65,000 will be
ofi’ered to the shareholders pro rata at £7 10s. (the issue being guaranteed by the Consolidated Gold
Fields of South Africa), and 60,000 will be held in reserve.
ACCOUNTS AND FINANCE—Accounts were made up half-yearly to May 31 and November 30
respectively. The last accounts were closed On May 31, 1894, before the reconstruction took place.
From June 30, 1895, annual accounts will be rendered.
400 WITWA TERSRAND MINES.

Balance-sheet and profit and loss account as at May 31, 1894.

Balance-sheet (May 31, 1894).

Liabilities. £ a. d. Assets. £ a. d.
To Capital account 85,000 0 0 By Pro rt account—
Mlyanpicht 52,849 14 7
,, Sundry creditors . . 5,319 0 8
,, Advances against gold 21,625 16 5 Elandsiontein esta 11,113 10 1
,, Native labour suspense ac Claims account 6,078 10 1
count . 1,443 0 0
,, Dividends unpaid 10,395 17 1 70,041 14 9
,, Balance: profit and loss 69,127 2 8 ,, Township: rents due 325 10 6
,, Mill account 32,130 0 0
,, Dam account 3,477 0 0
,, Mine buildings 11,252 8 5
,, Plant account . 23,918 10 6
,, Coal siding and tailingswheel 265 17 3
,, Plantation account 1,426 14 5
,, New main shaft 4,918 14 8
,, No. 6 shaft . . 1,825 2 6
,, Stores . 4,345 15 10
,, Licenses due 521 12 11
,, Rand Central Ore Reduction
Company, tailings sold 1,166 5 8
,, Sundry debtors .. . 266 14 10
,, Dividend accounts 1,895 17 1
,, Gold account 29,412 7 11
,, Cash: bank and in hand 4,628 16 2
,, Trustee share suspense ac
count 1,091 13 5

£192,910 16 10 £192,910 16 10

Profit and Loss Account, No. 1 (half-year to May 31, 1894).

Dr. £ a. d. 01'. £ 8. (I.
To Working expenses— By Gold account 81,299 16 11
Mining 22,219 2 8 ,, Concentrates 5,015 9 3
Hauling and pumping 8,743 0 3 ,, Tailings 4,112 14 5
Transport of quartz 1,499 5 1
Reduction . 13,760 7 5
Permanent mine 10,653 19 3
Concentrating 1,522 15 5

. 58,398 10 1
,, Charges 2,749 13 4
,, Balance 29,279 17 2

£90,428 0 7 £90,428 0 7

Profit and Loss Account, No . 2 (half-year to May 31, 1894).

Dr. £ a. d. ' Cr. £ 8. d.
To Manager‘s commission 160 19 6 By Balance November 30, 1893 58,482 4 9
,, Dividend account 17,000 0 0 ,, Surplus on gold ,, 775 6 3
,, Bonuses voted last meeting... 1,149 15 0 ,, Balance No. 1 account 29,279 17 2
,, Depreciation 4,234 4 6 ,, Elandsfontein revenues 3,047 5 6
,, Balance 69,127 2 8 ,, Transfer fees... 76 14 0
| ,, Dividend No. 2 (balance re
| verting to Company) 10 14 0
agen— 1 s i £91,672 1 s
 YVITWA TERSRA ND MINES. 401

Cash Account.
£ a. Omaov.o
m»
-‘Qc w g'
At bankers, May 31, 1894 5,623 13
At the mine .. 565 2
At the estate agent’s 28 17
At
Licenses
the London
due byofiice
Government 306 19
r-A
H
521 12
Rents and licenses due by tenants 325 10
Amounts due for tailings sold 1,166 5
Amount of concentrates on hand 1,921 0

m
Balance of gold to be realized 5,865 11
£16,324 13
Liabilities.

May stores accounts

Native labour suspense account ..
Dividend
DividendsNo. 14
unpaid
17,157 17 9
Debit balance £833 311
An amount of £10,000 was paid on account of new plant ordered, which will be refunded in
next account out of capital account.

Profit for Half-Year ended May 31, 1894.

£ 6. d.
To credit balance of profit and loss account No. 1 29,279 17 2
Surplus of gold from last half-year £775 6 3
Revenue from estate 3,047 5 6
Transfer fees
Dividend No. 2 (reverting to Company) 76 14 0
10 14 0 3,909 19 9
Net profit for half—year (exclusive of depreciation) £33,189 16 11
The expense of developing the mine is charged to working cost. The sum of £10,653 198. 3d.
has been expended during the account in sinking and driving 2,559 feet, developing approximately
51,213 tons of quartz. On account of heavy amounts written off in the previous half-year’s
accounts, the Company was justified in writing off a moderate sum only for the last half-year,
viz., £4,234 43. 6d. The revenue from the estate during the six months was £3,047 53. 6d. The
Company has still about 100 stands {or disposal.
Balance sheet and accounts for the period to June 30, 1805.

Balance-sheet, showing Liabilities and Assets at June 30, 1895.

Liabilities.
£ 6 cmamcca £ s. d.
To Capital account 250,000 0
n Native labour suspense account 3,303 9
71 Overdraft at bank manager's account 985 5
H Sundry
Dividends
creditors
No. 3 to 15 unpaid 30,272 14
)7 783 18
H Dividends No. 16 unpaid 25,000 0
310,345 5
7’ Balance, profit and loss 267,510 8 -1
b“

£577,855 13 11

VOL. I. DD
402 WITWA TERSRAND MINES.

Assets.

£ 9. d. £ 9. (1.119. d.
BylProperty account—
Mynpacht
Elandsfontein Estate as per last report 1 1,1 13 10 52,849 14 4
top-4
Germiston well 1,285 9
12,898 19 9
Claims account—
Claims ...134,945 16
Tailings site 1,710 3
196,655 19 6
201,904 19 4
Water-rights 7,449 19 11
Dam account—
Main dam 2,000 0 0
Reservoir
Water supply, Simmer Pan 900 0 0
17 19 9
- _- 2,917 19 9
Mill plant, 100 stamps 20,000 0 0
Workshops
Buildings .. 27,949 9 11
14,072 0 o
Plant account—
Assay
Live stock
plantand vehicles 100 o 0
800 0 0
Chlorination
Electric
Hauling light
and plant
pumping
plant plant 500 0 0
2,172 o 0
6,597 11 0
Cyanide plant . o 0
Rock drill plant ..1 26,700 0 0
Tramway plant 8,489 0 o
Telephone plant 55 0 0
Furniture 656 o 0
»-— 46,26911 0
Excess
Machinery
Shaft sinking
development
and(see
erection
schedule)
(see schedule) 52,286 14 10
4 4 ~8 1~4uq \,_.-v\. ‘~.,a 26,506 4 9
89,062 7 6
Tailings
Simmer siding
wheel 89 10 5
100 0 0
Plantation 1,49217 9
Domestic
Surveyors’water
and engineers’
supply instruments 1,946 14 6
60 0 0
Stores 27,996 8 6
Sundry debtors... 5,759 6 6
Insurance
Share account, lland ltliutual Assurance Company 1,197 11 9
665 0 0
Dividends Nos. 3 to 15 .. 789 18 8
4 ‘. Gold in transit... .. 7,944 15 8
77 Concentrates on hand 2,979 9 0
77 Cash account——
Bank
London
Mine 41,949 9 11
155 12 10
114 10 11
41,619 7 8
£577,855 13 11
 PVITWA TERSRA ND MINES. 403
Profit and Loss Account, No. 1, for the 13 months ending June 30, 1895.
Dr.
To Working expenses (see schedule)— 15 s. d. :9 s. d.
Mining 70,070 18 9
Development .. 22,966 14 1
Hauling and pumping 16,043 7 0
Transport of quartz 5,295 8 0
Reduction expenses 32,866 1 9
Chlorination 7,251 2 10
Concentrates purchased 7,301 4 6
General charges 13,586 5 3
—————— 175,381 2 2
,, Balance 78,470 16 7
£253,851 18 9
0!‘. £ 8. (1.
By Gold account 230,809 16 10
,, Tailings 23,042 1 11
£253,851 18 9
Profit and Loss Account, No. 2, for the 13 months ending June 30, 1895.
Dr. £ s. d. 15 s. d.
To Manager’s commission 1,138 13 0
,, Auditors’
Safe robbery
fees 1,602 5 11
17 63 0 0
1’
Drawings
I -
and engiueer’s report 1,27010 0
,, Coal siding 107 17 3
7’ Repairs to‘No. .Southéimmei: Shaft" 73-5 9
,, South Simmer and Jack G. M .Co.’s liabilities 16,705 1 2
,, Property suspense .. . 1,125 0 0
,, McArthur-Forrest 800 0 0
,, Dividend account—
No. 15 £22,160 12 0
No. 16 25,000 0 0
47,160 12 0
,, Depreciation (see schedule) 48,748 14 3
118,794 19 4
,, Balance 267,510 8 4
£386,305 7 8

01'. £ s. d.
By Balance at May 31, 1894 69,127 2 8
,, Profit
,, onNo.
45,000
1 account
shares sold 78,47016 7
225,000 0 0
,, ,, on bonus shares 5,862 10 0
,, Transfer
Trustee share
fees suspense 1,717 14 1
124 12 6
,, Elandsfontein revenue 0,002 11 10
£386,305 7 8

RETROSPECI‘IVE FINANCE—At the end of March, 1890, the Company arranged for a loan of
£25,000 at 10 per cent. per annum from the Transvaal Mortgage, Loan and Finance Company for a
period of one year from that date. This enabled the Company at the time to complete the purchase
and erection of the additional 75 stamps, making the milling power 100 stamps at that time.
Against this loan, £14,233 148. 811. was drawn on May 31, 1890, which amount was reduced to
£7,699 88. 7d. on November 30, 1890, and shortly afterwards wiped out altogether. In the same
year some 790 shares were fraudulently issued. The Company having been advised to replace these
shares by good scrip, bought 1,600 shares, of which, however, a certain number is still on hand, and
figures in the last balance-sheet (May 31, 1894) as trustee-share account with £1,091 13s. 5d.
This occurrence caused the Company a loss of £7,500.
404 WITPVA TERSRA ND MINES.

Revenue and Profit and Loss sincr formation.

Period. 1 23:21:”‘53:1 13333:: Tailings sold. i Losses. , Profits.

Concentrates
included.
SIX months ended £ a. d. £ a. ri. f. s. d. £ a. d. £ a. d.
November 30, 1888, 7,275 3 6 1,265 19 11 — -— , 1,429 15 4
May 31,1889 ‘ 19,144 0 2 2,645 5 10 —— , —— 11,012 3 10
November 30, 1889 24,215 5 0 2,239 3 4 — > —- ‘ 10,291 1 6
May31,1890 25,494 0 4 1,515 13 0 — 3,261 18 7' —
November 30, 1890 46,110 0 7 998 14 4 — I — 14,774 14 10
May 31, 1891 , 63,180 15 9 1,374 12 5' — — 20,121 5 9
November 30, 1891,? 73,865 1 8 1,204 8 11 — — 18,912 14 10
May 31, 1892 64,869 17 1 1,740 11 9 — l — 10,553 19 5
November 30, 1892, 76,267 11 11 2,128 14 0 — !2,948 12 01' ~—
May 31, 1893 72,239 4 3 3,771 6 3 — a — ‘ 2,131 3 11
November 30, 1893 1 75,834 2 8 5,66‘ 6 1 8,673 10 6 ,‘ —— 20,428 10 5
May 31, 1894 87,090 12 5 3,134 13 6 4,112 14 5' — ' 27,644 17 11
Thirteen months ended I ' l 1
June 30, 1895 : 230,809 16 10 1,842 6 7 I 23,042 1 11 1 — 7 31,386 8 10

Totals ‘866,395 12 2 29,524 15 11 35,828 6 10 ‘6,210 10 7 168,686 16 7

* The loss during the half-year ended May 81, 1890, is explained by the writing off of the whole of the
permanent mine account, standing at that date at £12,518 17s. 8d. .
1- On the account of November 30, 1892, the sum of £25,853 9:. 1d. was written off for depreciation in view
of bringingdown the assets to current value. During the half-year following, £900 was expended in diamond
drilling. uring the thirteen months to June 30, 1895, £47,160 129. was allowed for depreciation.
Recapitulation. £ .9. d.
Total revenue from gold account to Jmm 30, 1895 866,395 12 2
,, ,, ,, other sources ,, ,, 29,524 15 11
,, ,, ,, tailings sold ,, ,, 35,828i 6 710
931,748 14 11
Estimated revenue from estate, etc., for period J11110, 1894, to June
30, 1895, say... 6,002 11 0
Grand total of revenue for 5 years and 10 months 937,731 5 11
£ 8. d.
Total of profits realized up to March 31, 1895... 168,686 16 7
Less losses . 6,210 10 7
Balance of profits £162,476 6
DIVIDENDS :— _——
Capital issued. .6 s. d.
£75,000 10 per cent. No. l declared March, 1889 7,500 0 0
83,000 10 ' ,, ,, 2 ,, April, 1891 8,300 0 0
83,0(X) 10 ,, ,, 3 ,, August, 1891 8,300 0 0
83,000 10 ,, ,, 4 ,, November, 1891 8,300 0 0
83,000 10 ,, ,, 5 ,, February, 1892 8,300 0 0
83,000 10 ,, ,, 6 ,, May, 1892 8,300 0 0
83,000 10 ,, ,, 7 ,, August, 1892 8,300 0 0
85,000 10 ,, ,, 8 ,, November, 1892 8,500 0 0
85,000 10 ,, ,, 9 ,, February, 1893 8,500 0 0
85,000 10 ,, ,, 10 ,, May, 1893 8,500 0 0
85,000 10 ,, ,, 11 ,, August, 1893 8,500 0 0
85,011) 10 ,, ,, 12 ,, November, 1893 8,500 0 0
85,000 10 ,, ,, 13 ,, February, 1894 8,500 0 0
85,000 10 ,, ,, 14 ,, May, 1894 8W 0 0
221,606 10 ,, ,, 15 ,, January, 1895 22,160 12 0
250,000 10 ., ,, 16 ,, June, 1895 25,000 0 0
Total £163,96012__9_
 IVITWATERSRAND MINES. 405

This makes an average of 23 per cent. per year since milling o rations were started. It is
estimated that the earning capacity under the new condition of a airs, when all the new works
are erected and completed, ‘will be £31,000 per month, or 150 per cent. on the present capital.
PRODUCTION AND Cos'lt—The first milling operations were started in September, 1888, with a
‘25-head Sandycroft mill, and a 55-head mill was afterwards erected. Later on it was decided to
increase to 100 stamps, and therefore 20 additional stamps were purchased. , The new 75 stamps
were erected close to the mine, and the old battery shifted to connect with the new, making 100
stamps in all, so as to bring all the works under the concentrated supervision of the manager. The
100 stamps were started gradually, until all were in working order in March, 1891. A chlorination
plant was erected and completed during the half-year ending November 30, 1891, for the treatment
of concentrates and tailings. It was at first the intention to erect a large cyanide plant capable
of treating 15,000 tons of tailings per month, but this idea was subsequently abandoned, and
instead a contract was entered into with the Rand Central Ore Reduction Company for the sale of
the tailings to that Company up to June 30, 1894, that Company to erect their own works on the
spot. At the expiration of the contract, the same was renewed on more profitable terms for this
Company, and is still in force. In July, 1894, the Company began purchasing concentrates from
other mines, and treating them in addition to their own, thereby realizing handsome additional
profits. The Company is at present crushing 10,000 tons per month. This, with the new
appliances, will be increased to 16,000 tons within the next year, while, after completion of the
deep level shafts, say within three years from now, the capacity can be increased to 32,000 tons per
month, requiring a 240-head heavy stamp-mill. In order to meet any further demand of stamping
pplwer, the Company is preparing to gradually erect 180 additional stamps, making 280 stamps in
a . '
Table showing details of Production, Value, Yield, Loss and Profit per ton since milling opera
' lions were started.
l
Pddddd ddddd an‘. .5532... M1 yddd- ‘19:23:?’ “is.” low dd ddd- Pdddd dd *0":
d {_I M _ ________A W i 1 _ ,m _ . , ... I
l Including concen
l . oz. dwt. mm’ "slglidf‘mng' £ a. (l. a. d.
Nov. 30, 1888 25 1 3,800 [ 2,034-5 10-70 a ... a.
May 31, 1889 25 8,790 5,548'05 12'66 2 4 4 1 4 7 19 9
Nov. 30, 1889 v 24 i 8,481 6,675'10 1573 2 17 1 i 1 18 1} 19 0
May 31, 1890 , 24 8,304 7,053'30 16'95 3 1 4 ,2 2 9 18 7%
Nov. 30, 1890 , 25—90\ 26,078 12,839'15 9847 I 1 15 4 I 1 4 6 10 10
May 31, 1891 590—10()1 39,550 i 17,843'50 9'016 ' 1 11 11398 1 2 6053 9 5345
Nov. 30,1891 100 44,186 d 20'092'40 9094 1 12 11'548 1 3 1242 9 10'306
May 31, 1892 100 ‘ 44,818 [ 17,701'25 7899 I 1 8 6'694 1 4 10274 3 8'420
Nov. 30, 1892 100 49,825 1 20,477'55 8'21 I 1 10 1'750 1 1 5'296 8 8'5(X|.
May 31, 1893 100 51,846 , 19,356’19 7'53 l 1 7 6'467 1 2 4'692 5 1'775
Nov. 30, 1893 100 53,594 20,139‘60 7'51 1 8 2'743 1 2 1'867 6 0876
May 31, 1894 100 53,471 ’ 22,289'50 8'33 1 14 1'358 1 2 10'458 11 2'9“)
13 months to ‘ '
June 30, 1895 100 l 132,007 I 55,915'50 8'47 1 18 5524 1 6 6'856l 11 10668

Totals , 524,750 ! 227,965'59 8'68 i

It should be specially noted that the expenses of developing the mine are charged to working
costs, and that therefore the mine development does not appear as an asset.
DmCRIPTION OF THE PRoPER'rY.—The original property consisted of the portion of the farm
Elandsfontein east (or No. 1), known as Jack’s Mynpacht, together with half a claim between this
and the Primrose property. It is situated between the Geldenhuis Estate and Stanhope to the
west, and the Primrose to the east, about 7 miles east of Johannesburg. The extent of the myn
pacht is 254 acres, the main reef series running through the full length of the property. The total
lateral extension is 4,650 ft. on the strike of the reefs, or equal to 31 outcrop claims, the total
width of the mynpacht being 2,400 ft., or 6 claims deep, making in all 186 claims. The dip avail
able from the outcrop south is on the average about 4 claims. Besides this, a valuable water
right was secured to the Company for 99 years, free of charge, and another, equally valuable, at a
rental of £50 per annum. After formation, the Company purchased the whole farm Elandsfontein
No. 1, in extent 1,284 morgen 546 roods, for £10,000, thereby obtaining the freehold of their
mynpacht as vwell, and the revenue~from.claim-licenses,stand-licenses, etc. The purchase money
was paid, one-half against transfer, and the balance extended over the year following. The
406 IVI TWA TERSRA ND MINES.

temporary intention of selling some of the Company’s claims, for the purpose of floating a sub
sidiary Company, was abandoned. The freehold of the farm includes the township of Germiston,
of which 100 stands are sold, while 100 are still in hand. The‘ Company has made application for
the grant of extension of their township. The latter produces a regular revenue from monthly
licenses on the said stands. It is situated in the centre of some of the foremost mines of the
Witwatersrand, and is the junction station of the Cape-Pretoria and Boksburg railway lines.
A portion of the werf (homestead) has been let on a perpetual lease, against a cash consideration
of £4,489 78. 6d. altogether. The Company also became possessed of 132 deep-level claims situated,
on its Own ground, west of Germiston township, and partly south of the Primrose property; 43
claims more east of Germiston, and another block of 38 claims, known as Niekerk‘s claims.
This increased the property to a total of about 335 mining claims at the time of the last increase of
capital, when a considerable extent of deep level ground was acquired, as follows :—
Claims.
South Simmer and Jack 6573
Consolidated Block 67'29
Salmon Block 176'58
Victoria Block 22426
Total 53386

the whole mining area amounting to about claims. The property has since undergone con
siderable changes. ‘
Splitting up of the Property: Owing to the fact that there are two lines of faulting, run
ning north and south in one case, and north-west and south-east in the other, the Simmer and Jack
property was in August, 1895, split up into three portions, the Simmer and Jack area proper to be
bounded east and west by these faults. The claims on the east of this middle block, together with
Blake’s and other claims—458 claims in all—have been transferred to the Simmer and Jack East
Company. This Company has a capital of £700,000 in £1 shares, of which 364,000 go to the‘
vendors, 186,000 provide working capital, and 150,000 are held in reserve. The claims on the
west of the middle block are mainly south of the Geldenhuis Estate and Geldenhuis Deep. This
property comprises 249 claims, and has been transferred to the Simmer and Jack West Company,
having a capital of £400,000 in £1 shares, of which 129,228 go to the vendors, 170,772 provide
working capital, and 100,000 are held in reserve. In addition, the Simmer and Jack Company has
sold 47'9726 claims to the Rose Deep Company for 30,000 of its shares; while it has exchanged
26'4834 claims with the Geldenhuis Deep in order to straighten the boundaries of both properties.
In the case of the Simmer and Jack East, the Simmer and Jack Gold Mining Company receives
145,505 shares for the 135'0913 claims it contributes; and in the case of the Simmer and Jack
West it receives 90,897 shares for 144'1289 claims. In addition it subscribes for its proportion (pro
rate with the other vendors, or 74,344 Simmer and Jack Easts, and 120,104 Simmenand Jack
Wests) of the working capital shares of the two Companies at par. For further particulars, see
the notices of the Simmer and Jack East and Simmer and Jack West in this volume, and the
lens in Volume III. During 1894-5 the Company acquired 142'58 claims at the north of the
arm Elandsfontoin No. 235, and an adjoining water-right equal in area to 638 claims. These,
together with a row of 4638 claims at the south of its outcrop block, were sold in October, 1895,
to the Rand Victoria Mines, Limited, for 133,681 shares (including about 31,100 subscribed for at
£2).
Present Holding: The present property consists of the mynpacht, containing 98 unworked
claims, together with 510k reef claims adjoining on the south—a total of 608$ reef claims. There are
also 163'97 claims north of the mynpacht, but these are not reef-bearing. The portions of the
property sold of!’ are represented by important holdings of shares in the Simmer and Jack East,
Simmer and Jack West, Rand Victoria, and Rose Deep Companies.
MINING INTELLIGENCE—The outcrops of the main reef series are within the full length of the
mynpacht. The mine is divided into two portions by a break about 3,065 ft. from the western
boundary, at which place the eastern portion of the reefs has been thrown 600 ft. to the north; the
eastern portion of the reefs has a length of 1670 ft., making altogether 4735 ft. of reef within the
mynpacht. That this is more than the actual length of 31 claims (4,650 ft.) is explained by the
reefs running in a somewhat diagonal direction through the block.
Reefs: The main reef series in the Simmer and Jack consists of the north reef, south reef
and main reef, which are all being worked. Their respective width varies, and an average of the
three taken together is 5 ft. for the western portion and 4 ft. 6 in. for the eastern pprtion. The dip
is flat in the western portion, being only 15°; while in the eastern it is 26°. Ta ing the average
dip all round at 26°, with regard to the deep-level claims, the following are the estimated depths at
which the reefs will be struck in the several blocks. ~
 IVITWA TERSRA ND MINES. 407

North boundary. South boundary.

Consolidated Deep Level 460 ft. 1,290 ft.
South Simmer and Jack 520 ,, 1,485 ,,
Simmer Deep Level 1,290 ,, 2,620 ,,
Salmon block 1,485 ,, 3,010 ,,
Victoria block 1,930 ,, 3,530 ,,
Simmer and Jack (Niekerk’s claims) 3,395 ,, 4,090 ,,
These figures are based on the reported results of the Victoria. borehole, but must be taken as
approximate only, as the influence of the dividing break cannot be calculated with any certainty.
As, however, the maximum dip found up to the present in the property was taken into consideration,
the above figures may also be fairly expected to be the average maximum depths at which the reefs
will be struck.
Value of Reefs—A feature of importance is the improvement in the value of reefs as depth
is obtained. In the eastern section this improvement is very marked. On 2nd and 3rd level,
north and middle reefs together have a width of 31; ft., with an assay value of 8 dwt. 12 gr.
3rd level, width 3.} ft., value 14 dwt. 19 gr. 4th level, width 3 ft., value 22 dwt. 10 gr. 5th
level, width, 2% ft., value 23 dwt. 5 gr. 6th level, width 2ft. 9 in., value 25 dwt. 20 gr. In a
borehole, put down to a depth of 250 ft., a reef was struck 6 ft. 1 in. wide, assaying 21 dwt. 14 gr.
This also confirms the experience that the reefs improve in value at greater depth. At the eastern
end the north reef was struck‘ on the first level, 2% ft. thick, with a milling yield of 10 to 12 dwt.
DEVEIDPMENT.—The first works of the mine were started by driving adit levels from the level
of the spruit, giving a stoping level of about 90 ft.; a series of incline shafts was sunk so as
to connect with this level which drained the mine. Besides these shafts several vertical and
incline prospecting and hauling shafts were sunk; until, in 1893, it was decided to do away
with these numerous shafts and inclines and to sink a vertical shaft 300 ft. east of the mill to
work the portion of the mine west of the fault, and to sink No. 11 incline as a main shaft, 15 ft.
between timbers, to work the portion of the mine east of the fault. The vertical shaft is timbered
down and divided into three compartments, and has struck the reef at about 250 ft. depth. The
main shaft for the eastern portion is No. 11 incline straightened, widened and sunk to a corre
sponding level. Nine levels have been laid out up to the present, and a tenth is being opened up.
ORE-RESERVES.—Th6 ore reserves in sight stood on May 31, 1894, at 156,000 tons, or about
15 months ahead of the present mill requirements. The development has since been actively
pushed forward, the following table giving the details of footage sunk and driven from May, 1894,
to the end of March, 1895, and the approximate tonnage thereby developed.

Month. Foot“ gig?‘ and ‘ Appmgéfigepetfnnage Tonnage crushed.

I Feet. I Tons. Tons.

June, 1994 1 464 , 6,133 9,219
July, 1894 414i ‘ 10,000 9,243
August, 1894 985. 20,000 10,262
September, 1894 957. | 17,235 10,111
October, 1894 1,253 : 19,450 8,315
November, 1894 1 1,422 I 19,020 9,500
December, 1994 , 1,110 | 19,990 10,225
January, 1995... . 1,269 I _ 22,900 10,960
February, 1895 ‘ 1,402 _ 25,000 10,620
' March, 1895 1,485 1 26,730 10,614

Totals . 10,762; I 186,348 99,068

Recapitula-tion. Tons.
Ore developed on March 31, 1895 186,348
Less ore crushed during same period 99,068
Balance 87,280
Ore in sight on May 31, 1894 156,000
Total ore in sight on March 31, 1895 .. 243,280
On J11119 30, 1895, the ore reserves had increased to 289,164 tons. In addition a quantity of
low-grade ore has been developed.
The total tonnage estimated to be contained in the mynpacht alone is 2,233,740 tons, of which
491,811 tons have been extracted and milled up to March 31, 1895, leaving 1,741,929 tons in reserve.
408 WITWA TERSRA ND MINES.

Mining and Commercial advantages of the acquisition of the deep-level ground.

Total holdings of claims after the amalgamation and estimated tonnage of one in old and new
property.
Description of bloglk. k Reef claims. Estimated tonnage.
,, and Jack
Simmer ,, ’ west
east block
oc } mynpmht 29-33
76'66 1 ’651:185
582

2,233,740
Less tons milled 491,811
1,741,929
Simmer and Jack, Water-right claims 11'01 244,318
,, ,, ,, ,, 1'25 27,888
,, ,, ,, 2-83 62,853
,, ,, Claims on Primrose boundary 0'68 15,173
,, ,, ,, east of Germiston 43'34 961,392
,, ,, ,, deep-level, west of Germiston 131'62 2,919,285
,, ,, ,, Niekerk’s claims 37'85 839,466
Total old property 334'57 6,812,304
,, ,, South Simmer and Jack 65'73 1,457,735
,, ,, Consolidated block 67'29 1,492,524
,, ,, Salmon block 176'58 3,916,321
,, ,, Victoria block 224-26 4,973,922
Total of amalgamated properties... 868'43 18,652,806

The property and the tonnage of ore were therefore almost trebled, and as the several blocks
all adjoin each other there is one uninterrupted and compact mining area containing the dip of
the reefs up to the estimated depth of 4,090 ft. vertical. The above figures are taken from the
exhaustive report on the property by Messrs. R. J. 85 W. M. Frecheville and Sydney H. Farrar,
and have been calculated on an average thickness of reef of 4.5 ft., the ton at 13 cubic ft., and
with a deduction of 10 per cent. for loss in faults and dykes. These gentlemen further point out
the following estimates based on careful study and investigation :-—That the Simmer and Jack
Company, now treating about 10,000 tons of ore per month, will be able to increase this to 16,000
tons per month as soon as 40 extra stamps of heavy pattern are added to the mill and the
east main incline shaft is fully equipped; a. complete rock-drilling plant included in the estimate
having already been acquired and started. That after the intended deep level shafts are finished,
the above capacity can be doubled to 32,000 tons per month, then requiring at least a 240 heavy
stamp-mill, and that in the further course of exploration the mine should be able to increase this
capacity by a further 50 per cent.- To effect this development it is proposed to continue the
shaft in the South Simmer and Jack block, estimated to strike the reef at about 700 ft., and to
sink two new shafts to strike the reef at a vertical depth of about 800 ft.
ESTIMATED REPURNS.——On the basis of the last four years, during which time the Company
has been milling with 100 stamps, and taking into consideration the better profits obtained from
the treatment of tailings under the new contract and profits made on the treatment of concentrates
(greatly increased during the last ten months through treatment of purchased concentrates), the
profits for the present capacity can be put down at £85,000 for the next 12 months, including
£6,000 revenue derived from the estate and other sources. When the crushing capacity is
increased to 16,000 tons per month, and the Company will be treating the tailings in the Company's
own cyanide works instead of by contract, the yearly profit is estimated by the consulting
engineers of the Company at about £180,000, including the revenue from the estate. When the
further contemplated increase of capacity is carried to 32,000 tons the yearly profit is estimated
to reach the amount of £370,000, including the revenue from the estate. In these calculations it is
assumed that the ore, as mined, will be of the same quality as treated during the past four years,
that is a total assay value of from 11 to 12 dwt. ; but that by sorting the yield will be raised about
1 dwt. per ton.
MANAGER'S REPORT, 1895—The following extracts are taken from the manager’s report of
June 30, 1895. North Reef.‘ The continuity of the North Reef has been established throughout
the length of the property. This reef is characterized by its variable size and gold tenure. So
far. however, as present developments have shown, large portions of it are of good quality, while
 WITWA TERSRA ND MINES. 409

others, although of low grade, will yield a profit with the increased stamping power. Middle Reef.'
—This reef, which is the best and most constant gold-producer in the mine, has not only retained '
its continuity of pay throughout the property, but has shown an improvement in recent develop
ments. Main Reef: The reef or leader carrying gold, and lying over the Middle Reef, has been
named the Main Reef, after the nomenclature adopted for the New Primrose series. This reef has
been found payable in some instances, but owing to its variable character it only enters as a factor
for the proposed new mill.
New Shafls.—No. 1 Deep Level Shaft: This is the original South Simmer Shaft. A depth
of 750 feet has been reached, and it is intended to extend it 135 feet lower. The reef, of very good
quality, was intersected at 700 feet from the surface. Two cross-cuts have been started northward
to intersect the reef at 458 feet (No. 12 level) and 586 feet (No. 14 level) below the surface.
Later on two more cross-cuts will be put in to develop the reef to the south at lower depths.
- This shaft is fully equipped. N0 2 Deep Level Shaft: This shaft is 516 feet deep. It is expected
that the reef will be intersected at from 1,000 to 1,200 feet. The surface equipment is under way.
No. 3 Deep Level Shaft: In this shaft the reef was intersected at a depth of 360 feet, intersecting
a small pay leader and a moderate-sized poor reef. It has now reached its ultimate depth of 546
feet. Two cross-cuts are under progress, and stations, chutes, and pump sumps'are being made.
The surface equipment of this shaft is approaching completion. Rand Victoria Shaft : The location
of this shaft is 200 feet south of the Rand Victoria hole. It will intersect the Main Reef series at
about 2,500 feet. 911 feet has been sunk by hand labour. Work will be resumed upon the
arrival of timber from Australia and the completion of the temporary surface equipment. Rhodes
Shaft: This shaft has reached a depth of 41$ feet by hand labour. - It is in the same condition as
the Rand Victoria. Rudd Shaft .' This shaft is down about 41 feet, and is in the same condition as
the other two. Temporary surface machinery is in course of erection on all three of these shafts.
This course has been deemed advisable owing to the time required to procure the specially made
plant required for the great depths they will eventually reach. In the course of two months the
necessary timber is expected to arrive, and sinking will be resumed by power. Air Compressors: '
Two air compressors of 25 and 35 drill capacity respectively have been erected and are at work
at the mine. Another one to run 47 drills is on order for the lower row of the deep level shafts.

ANALYSIS or CAPITAL Exrsxorruan 'ro MARCH 31, 1895.

Balances as at May 31, 1894.
£ .7. d. . £ a. (1.
Mill account 32,130 0 0 Brought forward 59,585 5 11
Dams and reservoirs 2,935 O 0 Furniture 312 0 U
VVater-rights 542 O 0 Coal siding 107 17 3
Buildings ... ... ... 11,252 8 5 Trailing-wheel .. . . .. ... 158 0 U
Assay plant 39 0 0 Machine plant 608 0 0
Chlorination plant 359 0 0 Plantation account 1,426 14 5
Carts and mules... 385 17 6 Trustee share suspense account 1,091 13 5
Electric plant 978 0 0 Concentrating plant 231 0 0
Tramway plant 3,378 0 0 Claim account 6,078 10 1
Hauling plant 4,586 O 0 New main shaft... 4,918 14 8
Rock-drill plant... 3,000 0 0 No. 6 shaft 1,825 2 6

Carried forward £59,585 Carried forward £76,342 18 3

£ 9. d.
Balance of capital expenditure on May 31, 1894 76,342 18 3
June, 1894, expended on plant, buildings, and new shaft 1,320 11 2
July, 1894 ,, ,, ,, 368 3 1
August, 1894 ,, ,, ,, 10,019 6 0
September, 1894 ,, ,, ,, 11,807 18 7
October, 1894 ,, ,, , 9,681 12 10
November, 1894 ,, ,, ,, 25,112 3 8
December, 1894 ,, ,, ,, 16,733 7 5
January, 1895 ,, ,, ,, 23,109 17 7
February, 1895 ,, ,, ,, 19,817 12 1
March, 1895 ,, ,, ,, 24,447 1 8
Total amount of capital expenditure on March 31, 1895 £218,760 12 4

695.994»
‘U N I V E R SIT Y '
O
“ 941591!“
410 W'ITW’A TERSRAND MINES.

GENERAL REMARKs—The life of the Company, which was put down at 11 years, or at ‘a
possible maximum of 14 years taking the mynpacht only, and on the basis of 100 stamps, 1s
estimated to extend to 28 years with 280 stamps ; taking it for granted that the calculations made
by the Company’s engineers will not be upset by any contingencies unknown at present. At
the annual meeting held in August, 1895, the chairman stated that about £400,000 more would be
required to meet the contemplated expenditure, in addition to the sum (about £255,000) paid for
the working capital shares in the subsidiary companies mentioned below. The issue of 65,000
new £5 shares at £7 108. (referred to under the head of “ Re-arrangement of Capital”) will supply
£487,500. The Board do not anticipate being able to increase the present rate of dividends until
the completion of the new 280-stamp mill, which will be started about the end of 1896. The
following table sets forth the interests the Company received in the new companies :—

i -
whirl-gel Olpitsl. ; at an ttedt
the Siusxlzzr aiid Jae; Co.
In- A iiii W ,i_ i fiv_r%_i a. . a
s o :co 110m tCliii-iii
l to
tarts‘ l l ,
ram 0 mpany. cum .ri n )y -
Area. ‘thesimmer “wad w k- > 1, Working
[and Jack. gifn'l‘ggr Vendors.i cggigf : Reserve. TotsL Vendors. 0111331 at Total

____, Wm, ‘l if“ '

. c i e ‘ a e l 1.- 2
Simmer and Jack,West 24907 1441289 7033 129,228 170,772 100,000 400,000, 90,897 120,104 2111001
,. ,, East 459-85 135-09 39-07 $64,000 186,000 150,000 7000001145505 74,344 219.849
Rose Deep 182-2 47-9726 845 $55,000 45,000 400,000 30,000 - | 80.000
Rand Vlctoria Mines 955 3252-76 25-22 400000(100,000*,220,000 750,000,102,581 s1,100(£2). 138.681
891-1201271915, 1 (515,000 2,250,000'360983 225,548 594.531
* Raised at £2 per share=£200,000.

SIMMER AND JACK WEST, LIMITED.

Formed in August, 1895.
CAPITAL—£400,000 in £1 shares ; 300,000 shares issued and fully paid up.
Directors.
Captain E. F. RHODES (Chairman), E. BRAYSHAW, J. DURHAM, GEORGE FARRAR (alternate E.
BIRKENRUTH), S. B. JOEL, J. JOLLY, and GEORGE RICHARDS (alternate R. R. Honmss).
London Committee.
LORD CHESTERFIELD, H. E. M. Dsvrrs, F. A. Romxsox, and C. D. Rum).
Secretary and Head Oflicc.
H. D. SOLOMON, Johannesburg, Transvaal.
London Secretary and Oflicc.
J. T. BEDBOROUGH, 8, Old Jewry, E.C.
CAP1'rA1..—Appropriation.' To the vendors, 129,228 shares; working capital subscribed by
vendors at par, 170,722 shares ; reserve shares, 100,000. Total, £400,000. The Simmer and Jack
Gold Mining Company, which was the chief vendor, received 90,897 shares, and subscribed its
proportion of the working capital.
PROPERTY.—Comprises 249'0690 claims situated immediately on the dip of the Geldenhuis
Deep, Limited. The Simmer and Jack contributed 144'1289 claims. (For plan of property, see
Volume III.)
GENERAL REMARKs—The vendors and promoters are the Simmer and Jack Gold Mining
Company, the Goldfields Deep, Messrs. \Vernher, Beit & Co., Messrs. S. Neumann & 00., and the
Treasury Gold Mining Company. The par valuation of the claims based on vendors’ capital is
£520 per claim.
 IVITWATERSRAND MINES. 411

SOUTH LUIPAARD'S VLEI GOLD MINES, LIMITED.

Formed in May, 1895.
CAPITAL—£175,000 in 58. shares.
Chairman.
COLONEL H. H. ROUTLEDGE.
Oflice.
Palmerston Buildings, Old Broad Street, E.C.
CAPITAL—Th6 amount of the working capital is unknown.
PROPERTY.—110 claims at the southeast corner of the farm Lnipaard’s Vlei, W'est Rand,
adjplining the Prince’s Gold Mines property on the south-west. The Company owns a large water
rig t.
GENERAL REMARKs-The Fern Reef traverses the Company's property, and the Treasury and
Ethiopian Reefs may be cut at a depth of 300 ft. The ground is also on the dip of the Botha’s
Reef, but as this reef outcrops about a mile and a half to the north, it would only be out at a con
siderable depth. So far the work done does not appear to be very extensive.

SOUTH NIGEL GOLD MINING COMPANY.

Fornwd in July, 1805.
CAPITAL—£150,000 in £1 shares.
Directors.
EARL or DUN'MORE, DoxALn FRASER, E. m: MALLMANN, ROBERT NU'r'r, and P. ZAFFERE.
Secretary and Oflicc.
ALFRED E. BASHAM, 23, Bucklersbury, E.C.
CAPITAL.—The vendor (Mr. F. R. Elliott) received £110,000 for the property.
ACOOUNTS.—None yet issued.
DIVIDENDS.——N0ne.
PROPER'I‘Y.—The western portion of the farm Rietpoort, Heidelberg district, equal to 87 mor
gen, or about 126 claims. The property is 5 miles east of the town of Heidelberg, and 5 miles
south of the Nigel Gold Mining Company’s property.
GENERAL.——A reef outcrops on the property, and it is believed by Mr. A. R. Sawyer and Mr.
R. J. Gluyas to be the Nigel Reef. It strikes north and south, and dips from 28° to 35° west.
Two incline shafts have been sunk, 550 yards apart, to depths of 42 ft. and 54 ft., and the average
return of twelve assays is said to be 16 dwt. per ton. N0 statement of the width of the roof is
made in the prospectus.

SOUTH ORION GOLD MINES, LIMITED.

Formed in March, 1895.
CAPITAL—£235,000 in £1 shares; 195,000 issued and fully paid up.
Directors.
FREDERICK H. BARBER, ROBERT G. FRICKER, and Jams HARROWER.
London Board.
R. W. HEPBURNE, F. E. LANDER, H. E. C. ROBERTS, and BENTO v VIEIRA.
Secretary and Head Qflice.
F. \V. DIAMOND, Johannesburg, Transvaal.
London Secretary and Oflirrc.
SAMUEL Haves, 120, Bishopsgate Street Within, E.C.
CAI‘ITAIh—Tlle original capital was £170,000 in £1 shares, of which 130,000 went to the
vendors of 238 claims and subscribers of £25,000 of working capital, and 40,000 were held in
reserve. In April, 1895, the capital was increased to £235,000, the 65,000 new shares being paid
to Messrs. Tarbutt & Quentin for 177 further claims.
PROPERTY.—415 claims and a large water-right on the farm Roodekop, Heidelberg district.
The claims adjoin the two portions of the Minerva property, and are of triangular shape, the
412 WITWATERSRAND MINES.

distance from the outcrop of the Black Reef being about 2,500 it. at the northern corner, and 8,000
ft. at the southern boundary. The Orion Belt property adjoins on the south.
GENERAL REMARKS.—-Tw0 shafts are being sunk to reach the Black Reef, which, owing to the
fact that it is almost horizontal, is expected to be cut at a depth of 300 ft. Negotiations are
proceeding for amalgamation with the Orion Belt, Limited. If the plan is carried out, the new
Company will probably have a capital of £500,000, of which £420,000 would be issued, shareholders
in each Company receiving share for share. The working capital would be £50,000. The Orion
Belt has a 15-stamp mill and cyanide plant acquired from the Meyer and Leeb Company.

SOUTH RAND GOLD MINING COMPANY, LIMITED.

Formed in March, 1893.
CAPITAL—£230,000 in £1 shares ; all issued and fully paid up.
Dircr'iors.
GEORGE Rouum‘ (Chairman), E. BIRKENRUTH, E. P. SoLoNoN, A. T. Scmnm', and F. J.
Domnm.
Secretary and Hmd Oflice.
W. T. GRAHAM, Egis Buildings, Johannesburg, Transvaal.
FINANCIAL POSITION.—Tlle profit and loss account for the year ending March 15, 1894, shows
a debit of £1,086 48. 1d. for general expenses. The interest received was £530, leaving a debit
balance of £556 43. 1d. The Company has about £14,000 of cash in hand.
PROPEm'Y.—Consists of 155 claims, comprising 102 situated south of the Crown Deep, and
53 (partly water-rights) south of the Langlaagte Deep.
GENERAL Ramxmna—The Company was registered as a Limited Liability Company, in terms
of an agreement with one of - the original owners. No work has been done on the property. The
Rand Mines, Limited, practically owns the property, its holding being 215,500 shares.

SOUTH WEST RANDT MINES, LIMITED.

Formed in November, 1894.
CAPITAL—£200,000 in £1 shares; 176,723 shares issued and fully paid up.
Directors.
EDMUND DAVIS, H. W. J. HARRIs, ERNm'r MoN'rron'r, JOHN NAPIER, CHARLES W.
SrrRoNoE, C.B., C. J. TAPP, and J. H. VAN RYN.
Local Director.
J. A. ROGER.
Secretary and Oflico.
W. CECIL STRONGE, 317, Winchester House, Old Broad Street, E0.
CAPITAL.—108,0(D fully paid shares went to the vendor, the Madeline Witwatersrand Gold
Mining Company. The working capital at first provided was £50,000, but 18,723 shares in ad
dition have been issued, and the balance will probably be taken up within a short time.
PROPERTY.—A portion (about 20,000 acres) of ground extending along the northern boundary
of the farm Luipaard’s Vlei, No. 682. The distance from Johannesburg is 16 miles to the
west, while the farm Uitvalfontein adjoins on the north, Zuurbult on the east, and Middelvlei
on the west. The ground includes a mynpacht of 94 morgen (equal to say 135 claims) at the
north-east corner, and adjoining on the south are six owner’s claims and about 32 claims secured
under vergunning rights. There is an extensive water-right.
GENERAL REMARKs.—It is assumed that the extension of the Steyn Estate's Reef passes
through the mynpacht. It is also assumed that the Randfontein series either runs through or dips
into the western portion of the property. Several shafts have been sunk, two being towards the
western part of the ground and four on the mynpacht. Two of the latter are incline shafts and
are down about 120 ft. The Company has selected a portion of the ground for homestead purposes,
this being reserved to it under the gold laws as a werf.
 WITWA TERSRAND MINES. 413

STANHOPE GOLD MINING COMPANY, LIMITED.

Formed in 1886.
CAPITAL—£35,000 in £1 shares; 34,000 shares issued and fully paid up.
Directors.
SYDNEY FoRn (Chairman), P. DAvIs, C. R. GLYN, HENRY GRIFFIN, L. LINE, HUGH PARKER,
and Dr. SCO'I'I‘.
London Committee.
A. PARKER, G_H. RAW, and L. WAGNER.
Secretary and Head Oflice.
A. E. LORAM, Pietermaritzburg, Natal.
London Secretary and Ofice.
JOHN S. SHELDRICK, 96, Gresham House, Old Broad Street, E.C.
CAPITAL CHANGEs.—Originally £30,000 (£23,000 to vendors, and £7,000 subscribed for work
ing capital), the capital was increased in December, 1889, to £35,000. Tenders were called for the
new shares, but the prices offered were deemed too low. In April, 1890, 2,000 were sold at £2 58.
per share, and in October, 1890, a similar number was sold at the same price, leaving 1,000 in
reserve. Total working capital supplied, £16,000.
PROPERTY—10 claims, all on the outcrop of the Main Reef series, the block being 1,500 ft.
long by 400 ft. wide, and forming part of the Geldenhuis Estate mynpacht. The property is
situated on the farm Elandsfontein No. 1, Witwatersrand, having the Simmer and Jack Gold
Mining Company on the east, the Geldenhuis Main Reef Gold Mining Company on the north, and
the Geldenhuis Estate and Gold Mining Company on the south and south-east.
AGOOUNTS AND FINANCE—The accounts are made up annually to November 30, and are sub
mitted in December. The profit was £20,525 for the year to November 30, 1892; £13,918 for the
year toNovember 30, 1893; and £17,844 for the year to November 30, 1894.

Balance-sheet as at November 30, 1894.

Liabilities.
. £ a. (1. £ 8. d
To Capital 35,000 0 0
Less reserve shares—new issue 1,000 0 0
. _—___— 34,(D0 0 0
,, Sundry creditors 109 3 0
,, Special reserve fund---being amount transferred from profit
and loss account, and included in fixed deposit account,
contra 7,655 1 10
,, Balance of profit and loss account 4,005 2 10
11,660 4 8

£45,769 7 8
Assets.
£ 3. d. £ 8. d.
ByProperty at cost price 21,850 0 0
,, Plant and machinery account 6,733 18 8
,Buildings account 2,528 2 0
,, Furnitureaccount 205 0 O
__ 9,467 0 8
Cash balances, viz. :—
Natal Bank 1,381 2 4
,, ,, Fixed deposits, including the amount of
reserve fund, £7,655 Is. 1011., as per contra 12,416 12 3
Manager’s account 185 1 7
Cash on hand 177 0 0
- A - 14,159 16 2
,, Stores account... 106 3 8
,, Sundrydebtors 186 7 2

geflmw? e
414 WI TWA TERSRA ND MINES.

Profit and Loss Account for year ending November 30, 1894.
Dr. 15 s. d. £ 6. d.
To Mining expenses 16,848 17 3
,, Milling expenses .. 5,853 10 6
~s-v v‘lwv
Cyanide works expenses account 7,438 6 1
Expenses station
Pumping realizing gold
expenses account 1,645 10 11
43 8 9
General expenses, including directo rs’ remuneration, Lon
don and Johannesburg offices, auditor, cablegrams,
telegrams, postage, etc. 2,581 3 6
--u\0 -qq_-
Wages and salaries 270 16 8
Denny
Legal expenses
Dalton option account 6 16 6
1,972 15 7
Advertising, printing, etc. 72 9 9
» —--—— 36,733 15 6
Amount transferred to reserve fund... 1,(X)0 0 0
De reciation on the following accounts :—
(gf’fice furniture 13 0 0
Furniture in manager’s house 38 3 3
Buildings 632 0 5
Plant and machinery 2,244 13 0
— 2,927 16 8
,, Sundry creditors 109 3 0
Dividend account 34,000 0 0
,, Balance... 4,005 2 10

£78,775 18 0

C'r £ 3. d. £ 8. d.
By Balance from November 30, 1893 20,161 1 5
Gold account——
9,891 oz. of this year’s battery gold realized 26,400 0 0
5,752 oz. of this year's cyanide gold real ized 18,915 11 8
2,187
1,401 oz. cyanide
battery gold in transit 7,873 0 0
4,202 0 0
57,390 11 8
~b a~4 l~b Sundry revenue . 88 0 0
wavy“
Interest accrued to date 861 11 6
Dividendsfees
Transfer returned 13 4 6
146 10 3
,, Calls
Storesoverpaid and unclaimed
on hand... 106 3 8
8 15 0

£78,775 18 0
Dxvmnnns— Declared. Amount. Paid on.
'dQOHkO lOHQ mdaUHF-Wwv-l
No. January, 1888 5per cent. or £1,500 £30,000
Uquflwguy
February, 1888 5 17 ,1 l’ax) 1,

May, 1888 32 11 7: 21250 n

Qu wq~s-¢ October, 1888 D n 1» law n
February, 1889 10 n n 3’m) n
April, 1889 5 n n 115m 1!
July, 1889 6 n a! 11500 n
February, 1891 10 ,, ,, 3,400 £34,000
June, 1891 10 17 v1 saw u
I-lu - u- u- r
September, 1891 10 17 7! 374m n
December, 1891 25 77 71 815(1) 71
June, 1893 50 17 ,7 )7
June, 1894 50 H 7’ 71
September, 1894 50 ,1 77 77
January, 1895 2O 1, 17 6,8“) 77
June, 1895 10 77 ,1 314w 7,

September, 1895 10 n n _7_324(_»Q )1

271 ,, ,. £96,959

l.
 WI 1 WA TERSRA ND MINES. 4 15

EQUIPMENT.—The battery consists of a QO-stamp Sandycroft Mill, 20 h.p. Marshall’s engine,

10 h.p. Marshall’s boiler, 20 h.p. Turner’s boiler, and a 10 x8 in. Blake-Marsden stone-breaker.
The hauling gear comprises a 16 h.p. Marshall’s winding engine and boiler. The pumping
‘station is equipped with two Turner’s double-acting plunger pumps and a. 20 h.p. Turner's
boiler. At the cyanide works a 10 h.p. Marshall’s engine does all the necessary work. A 3-in.
Tangyepump lifts the water from the 270 ft. level (incline) to the 8-in. Cornish pump at the 80 ft.
level (vertical) at No. 1 Shaft.
GENERAL REMARKS.——Tl16 Company has no dip ground, and its life is therefore very short.
The South Beef is almost worked out, and stoping is practically confined to the Main Reef. In _
November, 1893, it was thought that the mine would be worked out within nine months, the South
Reef alone being considered payable ; but the manager then sampled the Main Reef, and found it
to be of very fair quality, and thus the life of the property was prolonged for a few years. The
Main Reef is from 4 to 5 ft. thick. The manager estimated, at the end of 1894, that the mine
would last for at least four years longer, i.e., until the end of 1898. The battery is one of the oldest
in use on the fields, and some difl‘iculty is experienced in making it do its work properly. The
directors in 1894 proposed to purchase some claims on the Denny-Dalton goldfield, near the Zulu
land border of the Transvaal, the idea being to provide a new property in view of the fact that
the present one is nearing its end. The scheme met with strong opposition from the shareholders,
and was given up, the loss in the matter being £1,973. The directors do not intend to buy another
property, and it is not likely now that the Company will acquire any ground on the dip of its pre
sent mine. The ore in sight on November 30, 1894, consisted of 9,720 tons of South Reef ore,
and 28,645 tons of Main Reef. The dividends of the past year or two cannot be taken as any
criterion of the actual earnings, for they were largely paid out of an accumulated cash balance.
Thus, as is shown by the accounts, £16,156 was distributed in the year to November 30,1894,
over arid above the amount earned during the period. Recent profits have been much below the
level 0 1894.

SUB-NIGEL, LIMITED.
Formed in 1895.
CAPITAL—£350,000 in £1 shares; 300,000 issued and fully paid up.
Directors.
Capt. E. F. RHODES, J. H. HAMMOND, G. RICHARDS, W. HUME, and J. HARROWER.
Secretary and Head Oflice.
D. RINTOUL, Johannesburg, Transvaal.
CAPITAL.—The capital of the Company is £350,000 in £1 shares, of which 200,000 were issued
to the vendors for the purchase of the property; 100,000 were subscribed at par to form the
working capital, and 50,000 shares are held in reserve.
PROPERTY.—The property consists of 483 claims on the farm Varkensfontein, district of
Heidelberg, near the Nigel, and on the dip of the reef. Prospecting operations have only just
begun, and are being pushed on. -

TRANSVAAL GOLD FIELDS, LIMITED

Formcd in November, 1894.
CAPITAL—£300,000 in £1 shares ; all issued and fully paid up.
Directors.
ROBERT ALLA'I‘INI, JULIUS BERLEIN (Managing Director), MA Rest. Bsaxs'rsm, \NILLIAII DET'I‘EL
IIAcH (Managing Director), LOFI‘US FITZWYGRAM, F. T. GERVERS, ALPHONSE LAMBRECH'I‘S,
WILLIAM O'I'I‘ENSOOSER, and JOHN SEEAR.
Secretary and Ofllcc.
ARTHUR B. ATKINSON, 120, Bishopsgate Street Within, E.C.
Paris Agents.
Compagnie Commerciale Francaise, 14, Rue le Peletier, Paris.
CAPITAL.—The vendors (Messrs. J. Berlein and W. Dettelbach) received £40,000 in cash
and £65,000 in shares for the assets sold to the Company. The balance of 195,000 shares was
Issued at par, providing £195,000 of working capital.
4 16 W1 TWA TERSRA ND MINES.

PROPERTY AND AssErs.—The properties taken over were thus described in the prospectus:
“ The assets to be acquired by the Company comprise, among others: A holding equivalent to one
half in the West Rand Mines, Limited, a Company possessed of about 387 deep level claims. About
one-half interest in 31 claims known as the “ Cason Block,” situate between the Agnes Munro and
Cinderella Gold Mining Companies, which latter are under the control of the East Rand Proprietary
Mines, Limited. 1L interest in 167 deep level claims on Roodepoort. Sundry interests in and
options over various blocks of claims and options over shares in mining companies, viz. the United
Langlaagte, Modderfontein, and May Consolidated Gold Mining Companies. Various interests in
Mashonaland and Matabeleland, house property in Johannesburg, etc., etc.”
GENERAL REMARKS.—Tl16 West Rand Mines, Limited, was reconstructed in January, 1895,
190,000 new shares being allotted to the old shareholders (giving 95,000 to this Company); while
this Company and those acting with it took up 50,000 of the new shares at par, and they received
an option over 50,000 additional shares at par for 18 months. This option was exercised. In
September, 1895, the West Rand Mines, Limited, were amalgamated with the George and May
Company, and at the same time 45 claims between the two properties were sold by the Transvaal
Gold Fields for 12,500 West Rand shares. The Cason Block was floated with other claims, as the
East Rand Central Gold Mining Company, and the latter has now been amalgamated with the
East Rand Proprietary Mines, Limited. In September, 1895, the Company, in conjunction with
others, floated the East Roodepoort Deep (see Appendix).

TRANSVAAL NIGEL, LIMITED.

Formed in. June, 1895.
CAPITAL—£350,000 in £1 shares; 275,000 shares issued and fully paid up.
Directors.
DR. MAGIN, F. voN HESSERT, C. MULHAUSE, E. SEIMERT, and T. J. SHERWELL.
Secretaries and Ofilcc.
THE NEW AFRICAN COMPANY, LIMITED, Johannesburg.
PRoPERTY.—99 claims on the farm Varkensfontein, district of Heidelberg, on the dip of the
Nigel property, were originally acquired. In September, 1895, 101 further claims, adjoining the
others, were purchased, making 200 claims in all. It is believed that the Nigel Beef will be met
with at a depth of 150 to 200 feet..
APPROPRIATION 0F CAPITAL—T0 vendors, 99,000 shares: to promoters, 26,000 shares; to
working capital, 50,000 shares ; reserve, 75,000 shares ; total, £250,000. In September the capital
was ‘irgplreased to £350,000, the 100,000 new shares being paid for the additional 101 claims
acquir .
—_ _ __ —___.__‘

TREASURY GOLD MINES, LIMITED.

CAPITAL—£540,000 in 135,000 shares of £4 each ; all issued and fully paid up.
Directors.
CnARLEs SYDNEY GOLDMANN (Chairman), HENRY JAMES KING, JULIUS FRiEnLANnER, GEORGE
ARTHUR JONES, HApRY FREEMAN COHEN, JonN GAnniNEE HAMILTON, and STANLEY CLAY.
Secretary and Head Oflir'e.
B. COURTENAY, Peel’s Chambers, Johannesburg.
London Secretary and Office.
J. SEEAR, 16, George Street, St. Swithin‘s Lane, E.C.
CAPITAL CEANcm AND GENERAL HIS'I‘ORY.—Th6 Treasury Gold Mining Company was re
gistered in 1892 with a capital of £15,000, of which £1,600 was cash working capital. The property
acquired was 2 claims, Nos 78 and 79: the former being the Old Royal Gold Mining Company’s
ground, and the latter a urchase from the New Grahamstown Company. These claims were
situated on the farm Turgontein, Witwatersrand. The stamping power was 10 head, and was
increased to 15 in March, 1892. These claims were worked up to January, 1895, with the following
results: Total value of mill gold won, £70,396 17s. 6d. ; tailings aid concentrates, £3,960 13s. ; total,
£74,356 108- 6d. The returns of gold produced are given at the end of this volume. In January,
1895, the mill was shut down, and the 2 claims shortly after sold for £5,176 ; the whole of the South
Reef having been worked out on the 2 claims. In December, 1892, it was resolved to purchase
from the Geldenhuis West Gold Mining Company, Limited, claims 1 and 910—11, situate on the
 WITWA TERSRAND MINES. 417

farm Doornfontein, being the old Percy Company’s 1 claim and Jumpers Extension Company's
2 claims. The purchase price was 21,000 shares of the Treasury Gold Mining Company, and to
meet it the capital was increased, in February, 1893, by 25,000 shares to £40,000 ; 21,000
shares being paid to the Geldenhuis West Gold Mining Company, and 4,000 reserved. In February,
1893, it was decided to purchase 12 claims on the Pluto Block on joint account with East Anglian
Gold Mining Company, the Treasury Gold Mining Company having an option to buy out the East
Anglian Gold Mining Company at a premium. This option was duly exercised in April, 1894,-by
a payment of 4,000 reserve shares of the Treasury Gold Mining Company, reckoned at 268. each
and cash for the balance, making the total cost to the Treasury Gold Mining Company of the
12 claims, £14,646 53. In September, 1894, the capital was increased to £60,000 by the issue of
20,000 shares at 228. 6d., realizing £22,500. In March, 1895, it was decided to make certain ex
changes of ground with the Jumpers Dwp, Limited. By this arrangement the Treasury Company
acquired 9.1; claims in exchange for 4 claims and 23,000 Treasury shares. To complete this transac
tion, in March, 1895, the capital was increased to £100,000 by the creation of 40,000 shares of £1 each.
8,300 shares were issued to shareholders at 708. per share (under guarantee) and realized £29,050.
8,700 shares were held in reserve under an option to expire on July 16, 1895, at 708. per share.
This option has been exercised. In June, 1895, it was decided to purchase from the Geldenhuis
Estate and Gold Mining Company 9'40 claims adjoining those already held by this Company, and
also certain surface rights over 2 claims, for 35,000 shares of the Treasury Gold Mining Company,
and in order to complete this agreement the capital was raised from £100,000 to £135,000. The
Company also acquired a further piece of ground from the Geldenhuis Deep, Limited, by the pay
ment of £5,000 cash, making the total area of ground 30!; Main Reef mining claims and 2 claim
surface rights, and also a. water-right consisting of 4 claims within the Simmer and Jack Com
pany’s property. The shares of the Company being largely held in Paris and on the Continent, the
directors decided to liquidate the Company and transfer the assets to a new Company called the
“ Treasury Gold Mines, Limited,” having a capital of £540,000 in 135,000 shares of £4 each, and
to issue share warrants to bearer.
ACCOUNTS.— Balance-sheet, November 30, 1894.
Liabilities. £ a. d. Assets. £ a d
To Capital— By Property 39,517 10 4
60,000 shares 60,000 0 0 ,, Machinery and plant—
,, Sundry creditors 407 7 9 At Treasury
,, Balance—profit and loss 3,543 16 9 mule £5,240 0 2
Less depre
ciation 1,792 0 2
—-_-— 3,448 0 0
At Percy mine 2,120 1 5
At Pluto mine 83 16 l
I ,, Permanent mine account—
! Main Shaft
-’ atTreasury
! mine £1,717 19 9
,' Less depre
ciation 1,21719 9
M 500 0 0
Incline shaft at Percy mine 975 5 11
Vertical shaft at Pluto mine 1,773 0 0
,, Sundry buildings and plant—
Percy and Pluto mines 261 1 5
, ,, Sundry stores—
| Treasurymine 5811 0
' ,, Live-stock, cart, etc.—
Treasury mine 86 0 0
,, Gold in transit 413 15 0
,, Cash in bank £3,348 8 6
,, Cash on hand 115 14 10
i _ 3,464 3 4
,, Balance due by Consolidated
Gold Fields of South
‘ Africa in respect to
I 10,000 shares 11,250 0 0
£63,951 4 6] £63,951 4 6
VOL. I. E E
4 18 IV] T WA TERSRA ND MINES.

Revenue Account for six months ended November 30, 1894.

Receipts. £ 8. (1. Ear cnd-t'turc. £ s. d.
To Native gold— By Mining and mi ling—
1,825'8 oz. retorted gold 6,523 17 3 6,629 tone at 168. 9'41d.
,, Tailings sold ‘ 733 13 0 per ton (including total cost
,, Rents 8715 U of development) 5,563 3 U
,, General expenses—
Licenses, taxes, and salaries 464 18 4
Stationery, general charges,
and auditors’ fees 64 2 3
Directors’ fees 187 10 0
Law charges 29 10 0
Insurance premium . 46 5 3

,, Total working expenses 6,355 8 10

,, Balance, profit for six months 989 16 5

£7,345 5 3 £7,345 5i3

Profit and Loss Account for half-year ended November 30, 1894.
D"- £ e. d. Or. £ 8. d.
To Balance May 31,1894 8,064 O 3 , By Depreciation—
,, Premium on sale of 20,000 , Machinery and plant 1,792 O 9
. shares 2,500 0 0 , Permanent mine account... 1,217 19 2
,, Profit, six months 989 16 5 I ,, DividendNo.11,12§ per cent. 5,000 O U
,, Balance surplus 3,543 16 9

£_1_1_,§5_s_1o7 s ‘ £11,553*1_6’8
D1v1DENDs.—The following dividends, of course, refer to the old Royal claims, where work has
now ceased.

Date. Capital. 1 No. Pei‘ cent- Amount

. t | ‘5
July 21, 1892 , 15,000 = 1 10 1,500
September 15 ,, l 15,000 = 2 5 750
October 15 ,, - 15,000 1 3 5 750
November 15 ,, 1 15,000 1 4 5 750
December 22 ,, . 1 15,000 K 5 10 1,500
January 20, 1893 1 15,000 i 6 10 1,500
May 15 ,, f 36,000 : 7 5 1,800
July 15 ,, I 36,000 1 8 5 1,800
September 21 ,, l 36,000 ‘ 9 5 1,800
May 12, 1894 1 40,000 i 10 7% 3,000
September 24 ,, F 40,000 , 11 12% 5,000
1 1 80 £20,150

DESCRIPTIQN or. THE PROPERTY.—COHSlStS of 30.1; Main Reef claims, situated between the
Geldenhuis Estate and Jumpers Gold Mining Company‘. The property originally consisted of 15
claims. During 1895 55 claims were acquired from the Jumpers Deep, 9 from the Geldenhuis
Estate, and §claim from the Geldenhuis Deep ; total, 30 claims. The Company owns a water-right
on Simmer and Jack, which has recently been exchanged for Simmer and Jack West shares.
MINING INTELLIGENCE. — The property is divided into two sections ; one, known as the
Percy section, immediately adjoining the Jumpers Gold Mining Company, and the other, known as
the Pluto section, situated immediately south of the Geldenhuis Estate main workings. A large
fault is known to exist which has thrown the Main Reef series south 700 to 800 ft., and makes it
necessary to work the two sections separately. Pluto Section : This section is being worked by means
 WI 1 WA TL‘RSRA ND MINES. 4 19
of an incline shaft 12 ft. by4 ft. 6 in., which has reached a depth of 740 ft. It is sunk on the South
Reef, but at the 1st level (260 ft. from surface) an east and west dyke cuts across and throws the
reef 40 ft. upwards into the hanging wall. Owing to this deflection the leader—several feet to
the north—is brought up to the level of the plane formerly held by the South Reef, and the incline
has been continued upon this leader. The incline shaft is carried down 5 ft. from the Jumpers
boundary. From surface to 1st level (260 ft.) the reef has been worked out. It dips to let level at
an angle of 55°; and at 400 ft. the angle is 32°. Four levels are being driven, the 1st level 260 ft.
from surface. The 3rd level was started at a depth of 480 ft. on the incline, which is equal to a.
vertical depth of 310 ft. Just below this level a dyke was met with, about 10 ft. thick, which
threw the reef upwards about 8 ft., so that the Middle Reef took the place of the Main Reef. Below
the 3rd level the shaft has been sunk upon the leader, the ground passed through being unbroken.
The shaft has been continued 105 ft. on the leader from 3rd level. Careful assays have been
made every 5 ft. The average value of the reef works out at 5 oz. 19 dwt. for a width of 4'73
in., or, for a stoping width of 2.‘; ft., 1876 dwt. It is estimated that in 3 months the development
on 1st, 2nd, 3rd, 4th, and 5th level would expose 86,000 tons. By that time the shaft should be
down to the 6th level, and 2 months later 30,000 additional tons should be developed, making
116,000 tons developed in this section by that time. The Pluto shaft is a vertical one, sunk south
of the Geldenhuis Estate workings. This shaft has reached a depth of over 500 ft. At 470 ft. the
reef has been struck. The 1st level has been drifted upon 26 ft. west and 17 ft. east. It is
estimated that in 3 months’ time 27,000 tons will be ready for stoping. Together with the above
reserves the Company will, in about 3 months’ time, have an ore supply developed for 15 to 18
months in advance of the 40-head mill requirements.

EQUIPMENT.—(New property.) Alain Section Shafl, No. 1 : This shaft is sunk on the outcrop
of the reef to a depth of 704 ft. Present dip 30°. The dimensions are 14x5 ft. divided into
two cage-ways and ladder-way. The head-gear is constructed of wood ; the ore is raised by skips
of 1% ton capacity. There is no sorting floor. The ore is conveyed to the mill by gravitation and
mule haulage. Hauling: The ore is brought to surface by 1 horizontal geared 12 x 20 in.
30 h.p. Tangye engine. Steam is derived from two 20 h.p. locomotive boilers by Robey & Co. It is
decided to erect at this shaft an electrical pump, which will be driven from the dynamos at the
mill. The size of this plant is still undecided.
Vertical Shaft, No. 2: This is sunk to a depth of 485 ft. The reef was struck at 470 ft.
Head-gear of wood is40 ft. high. Engine : Hauling is done by one Ruston & Proctor geared hauling
engine 13 in. x 24 in. Independent drums. Compressor .' Consists at present of one-half of a high
pressure Ingersoll-Sargeant plant of a total capacity of 20 drills. Boilers: Steam is obtained
from 4 Tangye 100 hp. boilers. Smoke stack, 120 ft. x 5 ft. These boilers will supply, besides
the winding plant, the milling and compressing and electric plants. Crushers and Sorting: The
crushing plant will be driven from the mill engine and be erected in front of the head-gear. It
will consist of 2 Blake 15 x 19 crushers, and be fitted with grizzly bars, sorting floors, etc. This
plant is in course of construction. From the crusher station the ore will be trammed to the mill,
and be raised to the platform by means of one Reedy elevator.
Jllill: (In course of erection) 40 Fraser &. Chalmers stamps, 1,050 1b., with “Challenge”
ore feeders and all the latest improvements, provision being made for the erection of a further 20
stamps. It will be driven by a 20 x 42 in. Corliss engine, Ruston, Proctor & 00., single high
pressure cylinder This engine will also drive the dynamos and crushing plant. All steam will
be obtained from the main boiler house above described.
Cyanide: From the mill the tailings will be elevated by a 40-ft. wheel and delivered into
4 spitzluten, which will classify the tailings. They will then be submitted to double treat
ment. The plant will consist of: 3 concentration vats, 6 leaching vats, 26 x 7 ft., in two rows
of three, one above the other. The upper 3 vats will be fitted with side discharge, and the
3 lower with bottom discharge. The vats will be loaded direct from the spitzluten by means of
a hose. Most of the above plant is in course of erection (June 5, 1895).
Water: The Company has made arrangements with the Rand Mines to derive water for the
battery, etc. from their big dam.
GENERAL Batman's—There has been considerable delay in the arrival and erection of the
new plant, and this has considerably retarded the starting of the new mill. It will be the end of
this year or the beginning of next year before the battery is likely to be at work. The Company
owned 4 claims amongst those of the Simmer and Jack Gold Mining Company. These have been
incorporated in the Simmer and Jack West. The Treasury Company receives 2,500 Simmer and
Jack West shares.
420 "'[TWA TERSRAIVD MINES .

THE UNITED LANGLAAGTE GOLD MINING COMPANY, LIMITED.

Formed in 1888, and re-formed in 1890 and in 1894.
CAPITAL—£150,000 in 150,000 shares of £1 each; 149,530 shares issued and fully paid up.
, Directors.
JAMES L. BILBROUGH (Chairman), W. DEI'I'ELBACH (alternate JULIUS BERLEIN), GEORGE FARRAR
(alternate W. DALRYMPLE), G. IMRUI‘H, S. B. JOEL, WILLIAM Ross, \V. P. TAYLOR, and
ADoLPIIE WAGNER.
London Committee.
F. A. ROBINSON, CECIL QUENTIN, and F. B. SALoMoNs.
Manager.
CHARLIE RowE.
Secretary and Head Oflice.
E. A. PAGE, Peel’s Chambers, Johannesburg.
London Secretary and Ofice.
F. W. FRY, Gresham House, Old Broad Street, E0.
CAPITAL CHANGlB.—Orlglnal Capital, £225,000, which was appropriated in the following
way: 170,000 shares to the vendors, being the Paarl Pretoria, Paarlsche, Langlaagte Main Reef, and
Northay Gold Mining Companies. 30,000 shares were privately underwritten for working capital
at par, realizing £30,000; 5,000 shares were allotted to promoters for flotation expenses, and 20,000
held in reserve ; together 225,000 shares. In 1889, the 20,000 reserve shares were sold for £25,000.
In December, 1890, Y the working capital was exhausted, and debts to the amount of £32,500
incurred. A reconstruction was found necessary, consequently the capital was reduced to £45,000,
giving the old shareholders 1 share in the new Company for 5 in the old. Then the capital was
increased to £100,000 by creation of 55,000 new shares, of which 45,000 were offered at par to the
old shareholders, and 10,000 held in reserve. Only 5,444 were applied for, giving £5,444. Under
,a. certain agreement the firm of H. Eckstein agreed to underwrite 15,000 shares at 153., giving
£11,250, and obtained an option over 30,000 shares at 168., leaving in reserve 4,556 shares. This
option not having been exercised, the whole of these unissued shares were taken over by the
bondholders against the amount of their bond, being £20,000. This bond was held, in the first in
stance, by the Transvaal Coal Trust, but was finally taken over by other parties, who offered the
Company greater facilities, and took lower interest, in consideration of which an option was given
to them over the whole of the Company’s reserve shares. In June, 1894, the Company was again
reconstructed, the capital being first reduced to £62,500, giving old shareholders five new shares
for eight old ones; and then immediately increased to £150,000 by creation of 87,500 new
shares, 30,000 of which were offered to the shareholders at par, the issue being guaranteed by the
promoters of the reconstruction. 36,000 shares were applied to the purchase of certain 46 claims,
being the deep level of the Company’s own property, and 21,500 shares were held in reserve, the
promoters having an option on 17,500 of these shares for 12 months from date of registration of
the supplementary articles of association. This option was exercised at par, £17,500. Of the 4,000
remaining reserve shares, 3,500 were sold at 533. 611., less 1 per cent. commission, realizing £9,268
17s. 6d. 30 shares were absorbed to cover some fractional claims of old shareholders, resulting
from the reconstruction of the Company, leaving altogether 470 shares in reserve. Total working
capital supplied, £148,462 178. 6d.
ACCOUNTS AND FINANCE—Accounts are made up half-yearly to February 28 and August
31, respectively. No profit and loss account was laid before the shareholders until milling
operations had been started, on July 25, 1890. A loan of £25,000 was contracted with the
Transvaal Coal Trust Company, Limited, for one year, from June 19, 1890, which was
further renewed to the end of 1891 through the influence of the firm of H. Eckstein, which was at
the same time instrumental in reconstructing the Company. £5,000 was paid off‘, and the
balance, £20,000, extended to December 31, 1891. The bond became overdue. Parties were
found who took over the bond at a lower interest, with the option of taking over the whole of
the reserve shares against the amount of the bond. This option was finally exercised, freeing
the Company at last of a burden which had threatened more than once to force it into liquidation.
Moreover, the payment of the bond effected a saving to the Company of £1,700 per year. The
Company being the owner of a quarter of the farm Langlaagte (589 morgen), is entitled to half
of the license-monies received by Government for any claims held by other parties on the Com
pany’s ground, and this brings in a considerable revenue to the Company. A township is laid out
on the property of the Company, named Paarlshoop, from which an additional revenue, in the
shape of rents, is derived. When the part payment of £5,000 on the bond was effected, the cash
balance in hand was so small that all further mine development was stopped. At the same time
 WIT WA TERSRA ND MINES.‘ 42 I

contracts were entered into to crush for the Western 'Langlaagte Gold Mining Company with 30
stamps, and for the New Croesus Company with 10 stamps, and to supply the Langlaagte Royal
Company’s mill with water. These contracts _were a source of increased revenue. The Company
resumed crushing its own ore, with 15 stamps, during the'half-year ending August 31, 1892,
but could not employ the whole of its 60 stamps after the contracts with the \Vestern Langlaagte
and New Croesus Companies had come to an end (April,'1893), owing to the backward development
of the mine. Consequently the battery was shut downon August 1, 1894.
At the reformation of the Company in 1890, whereby the capital of the original Company was
reduced to one-fifth, the assets were written down accordingly, and the valuation of the property
was reduced by four-fifths—from £170,580 to £34,116. At the second reconstruction, this amount
was left intact, but the amount of capital reduction was duly credited to profit and loss account.
The dispute which‘arose from the proclamation of certain dip ground being part of the Company’s
freehold estate, was satisfactorilysettled after the setting aside of the proclamation by order of the
High Court. The intervening parties, the Rand Mines and the Langlaagte Royal Companies, there
upon purchased from this Company the freehold of the claims held by them under license upon the
estate, the former Company paying £25,750, and the latter, £13,750. The purchase price payable
by the Rand Mines fell due upon June 21, 1895. These payments brought the Company into a
better financial position.
Table showing Revenue, Profit and Loss, sinceformation of the Company.

lRevpnue from! , '

Period. ' lwens's’ I Gold-account. Total-revenue. ‘Revenue from, Lassen; _Profils.
rents, con- . other sources. ‘
tracts,etc. 1 . v’ ,_ ' |; I
' ‘ ' ' ' I _— | ‘— - .
Ended— 1 2 ,. a] 2 .. (I. 2 8. al a .,. a, 4: s d s a. d
August 31, 1890 4,517' 2 4, ' 1,771 14 0= ' 6,5(B 7’ 3 I 2191 11 13035 14 9 —'
February28,1891...l, 822 0 71 25,802 11 8‘ 26,649 1- 5. .24 9 ,2 1 —-- ,| 1,227 5 9
August.31,1891 1,124 17 5[ 10,206 19 7 11,339 ‘13 3 l ,6 16 31 5,546 - 7 9 _—.
February 28,1892“, 3,458 19 9 942 13 2 4,403 17 11 , ,2 . 5 0 , — 1,618 . 0 8
August31,1892 2,960 0 9‘ 2,459 2 5 5,423 5 8 - ~4 2 _ 6 1,452 10 9 —
February 2231,1893...l 2,791 9 ll 20,050 1 10 22,841 10 11.I ' l —— 655 13 5
August31,1893 ...l 2,928 13 41 26,554 16 8 29,415 10 0I _ ' _ 1 6,552 o 7
February28,1894...‘, 1,465 is 9‘ 11,901 10 3. 1. ,367- 9 0 - 5,4 ")9 2 ‘
August 31,1894. ...111,452 12 8, 15,084 19 3 26,537 '11 11. I — -- —- 1,780'15‘ 3
February 28,1895...,26,847 5 10,. 82 18' 5 52,831 4 1. 5,900 19 9 ‘ _ 12,406 19 ‘5

_ ,sasee 0 ($114,857 '7 4 179,38511 5 16,158 7 5254602 521,210 15 1

, Balance of loss over profit = £1,219 78. 4d.
Extracts from balance-sheet and profit and loss account as atFebrnary 28, 1895 :—
' Balance-sheet. , , _ '
Liabilities. £ 8. d. - Assets. . £ 5. d.
To Capital account £150,000 By Property:'mine, deep levels, _
Less unissued shares 470 . balance of ‘freehold of
farms and township . 86,000 0 0
149,530 0' 0 ,, Buildings. 3,147 7 10
,, Sundry creditors . 4,426 17 9 ,, Machinery and plant 39,367 6 4
,, Unpaid fractional parts of ,, Furniture... 219 17 6
share warrants 84 16 6 ,, Live-stock, cart, and harness 37 10 0
,, Balance profit and loss ac- ,, Stores on hand 1,582 2. 0
count 12,406 .19 5 ,, Insurance paid in advance; 94 - 4 7
,, Sundry debtors £164 7 2
,, _ Government on
licensesv 286 0 10
' ——- 450 8 0
,, Cash on hand and in bank 3,628 6 10
,, Bills receivable 25,750 0 0
,, Shares, Rand Mutual As- -
' surance Company 190 0 0
., Township recreation hall 5 0 0
Mk ‘ ,, Main incline shaft 5,976 10 7
£166,448 13 8 £166,448 13 8
r
422 ""IT WA TERSRA ND MINES.

Profit and Loss Account.

D1'- £ 8. (1. Cr. £ 8. d.

To Mine development 13,783 17 2 By Balance from suspense ac
,, General charges 2,882 4 ‘2 count 25,750 0 0
,, Mynpacht dispute— ,, Profit on sale of 3,500 re
Final charges 3,758 3 4 serve shares at 538. 6d.,
',, Balance 12,406 19 5 less 1 per cent.... 5,768 17 6
,, Sale of blanketings 82 18 6
,, Revenue account—
License monies £517 0 10
Less refund to
Rand Mines 315 15 0
201 5 10
,, Township and contracts 896 0 0
,, Interest account 132 2 3'

£32,831 4 1 £32,831 4 1

Bills receivable (£25,750) is the amount accruing from the Rand Mines for purchase of freehold
of their claims on the Company’s estate, and which, having been finally settled, has been carried
from suspense account to credit of profit and loss account.

MILLING RESUL'I‘S.——The Company have had to struggle with financial difiiculties up to a

recent date, when the mill was shut down, the mine development necessarily suffered greatly, and
could never be put into a satisfactory condition so as to be able to supply the Company’s milling
power of 60 stamps. Also the poorer region of the mine had to be traversed first, and consequently
the milling results were far from satisfactory, sometimes being as low as 4.} dwt. to the ton (exclu
sive of tailings). The average yield obtained was 7'62 dwt., and during the last period, before the
mill was shut down, the yield was 638 dwt. over the plates, the tailings assaying 5'26 dwt. W'ith
the increased and improved equipment, the more advanced state of development, and the higher
value of the ore in the lower levels, better results are anticipated in the future.

DISCRETION or THE PROPERTY.-—Tlle freehold of one quarter of the farm Langlaagte, in ex

tent 589 morgen, 346 roods, obtained from the Paarl Syndicate, with owner’s rights to one-half of all
diggers’ licenses, two-thirds of all prospector’s licenses, and the whole of all stand licenses. 5
water-rights obtained from the Paarl Pretoria, Northey, and Langlaagte Main Reef Companies,
which Companies, together with the Paarl Syndicate, were absorbed by this Company. The town
ship of Paarlshoop is laid out on the property, and numbers 127 erven. The property is situated
between the mining areas of the Langlaagte Block B and the Paarl Central Gold Mining Companies,
\Vitwatersrand. A nursery has been laid out on the property for the purpose of tree-growing,
which has been thriving well, promising a good return in the way of timber. In 1892 one of the
water-rights, not considered necessary to the Company, was sold for £400. The mining area of the
Company consisted at first of 13 outcrop claims, being a length of 1,950 ft. on the strike of the reefs,
and two rows of dip claims, making the block 1,200 ft. wide. At the last reconstruction, 46 more
southern claims were acquired, making the whole of the mining area, 88 claims and 14 bewaar
plaatsen, equal to 96 claims, the extent of the mining area being 8claims in depth, or 3,200 ft. By
the sale of freehold to the Langlaagte Royal and Rand Mines Companies, the estate of the Company
became smaller by 418 claims, or some 290 morgen. A further 11% claims, pegged out to the north
of the reef, were added during the period ended February 25, 1895, so that the correct number
of claims now amounts to 99%, besides which there are the 14 bewaarplaatsen (deposit sites), which
it is hoped will soon be converted into claims.

TECHNICAL INTELLIGENCE—The reefs contained and being worked in the property are the
Main Reef, Main Reef Leader, South Reef and Leader, and Yellow Reef (the latter reef is about
450 ft. south of the South Reef). Besides these the North Reef and the so-called Red Reef were
prospected upon, but were not found of payable nature near the surface. The reefs have been
principally worked in the Eastern portion of the mine, having been found there of higher grade.
The following are the assay values taken from different points on the first level, calculated over the
mining width of 2 ft. 6 in. :—
 WI T WA TERSRAND MINES. 4 23

-
Rt“ “M88 "m" ll A a1 e
as” vadio if ton 0 f C l lated over a width
a we: 2 a. c in.

i . in. 02. dwt. gr. 1 oz. dwt. gr.

Yellow Reef 2 5 1 0 0 l - - —
South Reef and Leader Q 10 2 10 5 i O 16' 17
Main Reef Leader 1 6 1 13 20 i 1 0 7
Main Reef 6 O 0 3 10 ' (not worked.)
.. l

On the first level the ground was found much disturbed and faulty, whereas in the lower levels the
reefs improve in width and regularity. On the third level the South Reef has widened out to about
3 ft., assaying 25 dwt. and giving an average assay over the length of drive of 20 dwt., the width
partially improving to 3.1. ft. The Main Reef is often separated from the leader by a. stratum of 2
to 5 ft. of sandstone. The development generally shows that the mine improves with the lower
levels, both in yield and better definition of the reefs.
DEvEmPiiEN'n—The mine was at first laid out in two adit-levels, on the Main Reef and South
Reef respectively, with one vertical hauling-shaft, and one main hauling-shaft, 12 x4 ft. 6 in.,
two cage-ways, and pump- and ladder-way; besides these, several vertical air-shafts were sunk to
reach adits or cross-cuts from same. Later on, one of the winzes on the Main Reef was converted
into an incline shaft, 12 ft. 6 in. x 5 ft. within timbers. This shaft has been divided into three
compartments, and is well timbered from top to 180 ft. from surface. The 2nd and 3rd levels are
laid out 144 and 200 ft. (vertical) respectively. After the battery was closed down on August .1,
1894, all energies were turned on the development of the mine. On September 10 a new main
incline shaft was started on the Main Reef, and was sunk, up to February 28, 1895, to a total
depth of 527 ft., being 87 ft. below the 4th level. The shaft is sunk at an angle of 45° from. the
surface to the 2nd level, and under 35° to the bottom. Its size is 15 ft. x 6 ft. in the clear; it is
strongly timbered throughout, and has skip roads laid and hopper stations cut at the 3rd and 4th
levels. A water-lodgment has also been cut at the 4th level, capable of holding 16,000 gallons. of
water, and which will serve as a pump for a 9-in. Cornish sump now being put in position.‘ During
the half-year ended February 28, 1895, a total footage of 3,366} ft. was sunk, risen, driven, and
cross-cut. Ore Reserves—The reefs being narrow, the reserves are calculated on a 2 ft. and 2 ft. 6 m.
working stope. The ore developed in sight on February 28, 1895, is estimated at: on the Main
Reef and Leader, 43,200 tons; on the South Reef, 2,087 tons; total, 71,287 tons. With the in
creased drilling plant the development is advancing fast, and consequently the amount of ores in re
serve is being augmented in proportion.
EQUIPMEN'L—The Company is well equipped in the way of buildings. It owns _a GO-head mill,
with four ore-breakers, one 50h.p. engine, with steam generators up to 70 h.p. Winding machinery,
16 h.p. ; 45-ft. head-gear; one 6-in. Cornish pump and engine ; one 30-ft. pit head-gear and hopper;
several more pumps and generating boilers to upwards of 200 h.p. A complete electric-light plant,
consisting of Elwell-Parker dynamo and horizontal Robey engine. Rock drilling-plant, consisting
of one 8~drill compressor and engine, and one 3-drill compressor and engine ; two 2i-in. Holman’s drills,
two 3-in. Holman’s drills, and eight 31,-in. Holman’s drills, improved pattern. ‘Tram lines upwards
of 4,100 ft. in length, complete ; rolling stock of over 40 trucks. Workshops and forge equipment.
Permanent Works: Dam at pumping-station ; tailings dam; one masonry tank of_1_20,000 gallons
capacity. New Works: During the six months to February 28, 1895, many additions have been
made to the surface—works. A new head-gear 65 ft. high has been erected at the mam incline, with
a hopper of 150 tons capacity, provided with grizzlies, sorting floor, and table, and having a large Fraser
& Chalmers rotary crusher in position. A 16 x 36 in. Corliss engine is erected to drive crusher and
mechanical haulage gear for transport of ore from shaft to mill; a 15 x 36 in. platform winding
engine, and pumping engine to work the 9-in. Cornish pump. Two 60 h.p. boilers are already built
in, and with the abandonment of the vertical shaft, the 60 and 80 h.p. boilers will be moved up to
work with the former, thus giving 260 h.p. boiler-capacity at the new incline shaft. New buildings
have been erected over all the above machinery. A service-dam, capable of holding 1,000,000 gallons,
has been constructed to supply water for boilers. Battery embankments have also been. made to
take tailings to and from the cyanide works, and to take the ore from shaft-top to mill. The
cyanide works will be capable of treating 5,000 to 6,000 tons per month; and consist_of si_x wood
leaching vats, 9 x 26 ft. each, with bottom discharge, erected over strongly-built piers of
masonry. A 30 x 8 ft. vat is now being constructed to treat the concentrates obtained by
the Spitzluten method of concentration. This vat will be divided by two diameter partitions,
thus making it a four compartment vat, each division being capable of holding a 50-ton charge.
 424 _ WI TWA TERSRAND MINES.
A large shed, 141 x 32.} ft., covers the extractor boxes, solution pump, electric motor, laboratory,
and smelting room ; and just below this building are situated the four 24 x 9 ft. solution vats.
GENERAL REMARKS.—The imperfect development of the mine, the narrow reefs and the low
grade of ore have hitherto been the principal drawbacks of the property. The new and extensive
cyanide works will be an important source of revenue to the Company.

VAN RYN GOLD MINES ESTATE, LIMITED.

Formed in 1887, and reformed in 1891 and June, 1894.
CAPITAL—£160,000 in £1 shares; all issued and fully paid up.
Directors.
THOMAS J. BEWICK (Chairman), L. B. BURNS, F.'A. GILLAM, JouN SEEAR, and J. H. VAN RYN.‘
‘ Local Committee in Johannesburg. . . j t ,
DR. J. MAcIN, JULIUS FRXEDLANDER, and CARL MULHAUSE. I
General Manager.
C. T. SANER.
- Secretary and Head Ofiice. ‘ a ‘ I.
STUART James Hose, 18, St. Swithin’s Lane, E.C. . ' . .
CAPITAL CHANGEs—The original Van Ryn Gold Mining Company had a nominal, capital
of £160,000, which was appropriated as follows : To vendors 130,000 shares; realized for working
capital 25,000 shares = £25,000; held in reserve 5,000 shares, realized at, approximately, £5,000.
In October, 1888, the capital was increased from £160,000 to £200,000 by the issue of 40,000 new
shares, which were sold to Mr. J. B. Robinson at par, giving the Company £40,000. On October
31, 1889, the capital was again increased from £200,000 to £300,000 by creation of 100,000
new shares. Of these, however, only a small number was realized, the guarantors of 25,000
shares at par not carrying out their agreement, and about 7,000 shares being issued to them in
return for £5,000 of cash. Of 25,000 shares offered to the shareholders very few were taken
up, realizing in all, approximately, £5,000. Approximate total capital supplied, £80,000. ‘At this
stage the old Company was in debt to the amount of £36,000, which was provided for by an
advance of £35,000 made by Messrs. J. H. and J. Van Ryn and Captain Van de Ven, for which
amount a mortgage bond was passed in their favour. Then the Company was reconstructed as
the Van Ryn Estate and Gold Mining Company, Limited, with a capital of £85,000 and £10,000 in
debentures at 6 per cent., due in 1896. The appropriation of this capital was effected as follows :
In payment of the mortgage the mortgagees received from the arantors of the reconstruction
£15,000 in cash, £10,000 in 6 per cent. debentures of the new ompany, and 10,000 shares in
the new Company; the old shareholders received about one new share for 20 old shares = 10,000
shares, and the balance of 65,000 shares went to the guarantors in consideration of the £15,000
paid‘ to the mortgagees and £30,000 of working capital supplied by them ; while at the same time ‘ it
was the shareholders had the right to apply at par for the 45,000 shares. In December, 1892, the
capital was increased to £125,000, 15,000 of the new shares being offered to the shareholders at
a premium of 50. Only 5,592 were taken up at that price, realizing £6,990; the balance of 9,408
being taken up at par, £9,408. 25,000 were held in reserve, and were not realized at the time of
the last reconstruction. Approximate total capital supplied by the Van Ryn Estate and Gold
Mining Company, Limited, £81,375 10.9. This Company gradually got into debt until it owed
about £41,000; including the £10,000 debentures. The 25,000 reserve shares could not be
placed at a profitable price, and consequently the last reconstruction took place, about June,
1894. The new Company, under the name of the Van Ryn Gold Mines Estate, Limited, was
formed with a capital of £160,000, appropriated as follows: 50,000 shares to the old share
holders, being at the rate of one new share for two old ones; 55,000 shares issued at per, the old
shareholders having the right to apply up to 50,000 at par; the guarantors taking up the other
5,000, and any balance not applied for by the shareholders of the former Company, realizing
£55,000. Out of this amount the new Company had to discharge the debts of the old, thus
leaving about £15,000 working capital. The balance of 55,000 shares were kept in reserve for
the time being, under option however to the guarantors of the reconstruction at par for one year.
This optionthas since been exercised, realizing £55,000 further. Total capital supplied to the
present Company, £110,000. Total capital supplied since inception of the first Company in 1887,
approximately, £270,000.
_ ACCOUNTS AND FINANCE—NO accounts have yet been issued of the present Company. The
I’ an Ryn Estate-and Gold Mining Company, Limited, closed its accounts yearly at December 31.
The last accounts-to hand are dated December 31, 1893, shortly after which the reconstruction
 WITWA TERSRA ND MINES. 425

took place. In these accounts no credit is taken for general improvements of the estate, nor
for the growth‘ of trees planted on the Company’s estate, nor for the tailings on hand, estimated
at about 40,000 tons. On the other hand liabilities contracted ,for machinery, etc., ordered for
future delivery, are not included.
Extracts from last balance-sheet and profit and loss account of the Van Ryn Estate and Gold
Mining Company, Limited, as at December 31, 1893. .
Bala nee-sheet.
Liabilities. £ 8. d. 1 ' Assets. £ 8. d.
To Capital account— ' By Property account 37,675 9 5
Shares issued, less arrear-call 99,999 5 0 ' ,, Preliminary expenses previous
,, Premium assets 1,090 5 10 to crushing 3,102 18 11
,, 6 per cent. mortgage deben- ,, Capital expenditure 71,724 2 5
tures, payable Oct. 31, 1896 10,000 0 0 | ,, Furniture 451 19 3
,, Interest accrued on same 100 O 0 ' ,, Stocks in hand 6,765 10 4
,, Sundry creditors 21,501 2 10 ,, Gold in hand 2,608 5 11
,, Sundry debtors 730 12 9
,, Cash in hand 713 15 7
,, Profit and loss account—
,1 Balance of last account 4,997 9 6
Loss for year ended Decem
, ber31,1893 3,920 9"?
£132,690 13 8 , ' £132,690 13 8
Profit and Loss account.
Dr. - - £ 8. d. Cr. £ 8.1 d.
To Charges— By Gold account—1354005 oz.... 49,855 1 0
,, Mining 40,212 tons 28,821 0 6 ,, Concentrates, 22,740 oz. 630 16 5
,, Milling ,, ,, 8,410 8 11 ,, Rents and licenses 603 11 0
,, Transport ,, ,, ' 1,188 2 11 ,, Modderfontein Gold Minin r
,, Maintenance 2,574 4 5 Company 943 16 1
,, Depreciation 9,873 17 5 ,, Transfer fees 70 11 6
,, General expenses 2,844 11 4 ,, Balance (being loss) 3,920 9 7
,, Reduction of preliminary ex- ‘ ‘
penses at mine 517 3 0
,, Interest on debentures ' 600 0 0
,, Directors’ fees 594 15 2
,, General charges 600 1 11

£56,024 5 7 £56,024 5 7
The liabilities at December 31, 1893, amounted to £28,608 28. 10d., in addition to the
£10,000 debentures, the total being £31,601 28. 1011., which at the time of reconstruction had
increased to about £41,000. The loss during 1893 amounted to £3,920 98. 7d. ; and during 1892 to
£4,997 9s.~ 6d.; together, to £8,917 19s. 1d.
Statement of Revenue and Profit and Loss.

. ‘l Rents and i Loan of

of millptbrt. I Transfer . '
Period. ‘ Gold account. I revemm Modderfomein fees_ Loss. Profit.
1 ‘ Company. 1

‘ 1:. ad. 2 eel s a.d.',£a. a. s r. d. 2 ad

Ended Dec. 31,1892 1, 32,383 9 10 400 14 81 911 19 1 I 57 13 0 4,997 9 6 -—
,, ,, ,, 1893150485175 606110 943161 701168,92097 -
,, January, 1894 3,156 6 10 —- l ' 351 0 6 -—- -— 95 19 5
., February ,, , 3,108 6 7 s7 2 6 253 8 6, - ~ 454 10 s
,, March ,, v4,22717 0 37 2 6‘. 26512 5, - - 96219 9
,, April ,, 5,49615 9 31 12 61 _ , __ _ 1,231 as
May ,, = 5,362 4 7 s1 12 6‘ - - - 91516 5
,, June ,, l 5,681 16 6 '81 12 6. _ l -— - 61713 4
‘ Totals... !£109,902 14 6 £1,173 8 2>£2,725 16 91.6128 4 6 £8,917 19 1|£4,278 2'10
426 WITWA TERSRA ND MINES,

Recapitulatzon.
£ 3. d.
Total revenue from gold account 109,902 14 6
,, ,, rents and licenses... 1,173 7 2
,, ,, hire ofmill 2,723 13 9
,, ,, transfer fees 121 4 6

Total revenue made by Van Ryn Estate and Gold Mining Company,
Limited, in about 2 years and 9 months 113,923 2 11
Total profit
Less loss made i 4,278 2 10

Balance of loss on last reconstruction .‘.. £4,639 16 3

Period. 7 I *_ —Gold account. Rents and revenue. ! Profits.

’ £ a. d. .2 I. d. 7| £ a. d.
July, 1894 5,405 18 9 31 12 6 , 156 1 11
Awust, 1894 3,390 3 6 , 32 0 0 , 333 7 7
September ,, .. ‘t,Cyanide 3973 2 01,
’809 16 85, 32 0 0 II 2,141 1 8

October ,, ,1
J, n 6365
1879 53 29; _
32 0 0 ) 1,926 6 4
v ‘ (‘547 O 3
November ,, .. n ”952 ,6 O} 32 0 0 1,933 10 3
December ,, ,1, ,7 7879
50, 121 5
9; 32 0 0 ! 3,439 3 2
, v
January, 1393 ,{i 7’ 8115 14
153, 17 43} 32 0 0 }
I 3,304 13 9
February ,, ,
,{ n 7467
'808 180 8}
4 32 0 0 I' 3,133 3 2
March ,, . H 7829
1957 35 37} 32 0 0 i, 2,332 4 3
April. ,, ,i,’ ” 7957
1:110 51 110} 32 0 0 I 3,913 e 10
May ,, .. ” 71:24,
175 18
,4 O
6} 32 0 o i .
2,773 13 1
I —~—' -. ~—__.

Totals £85,303 19 1 £351 12 6 i £26,057 2 10

Rccapilulation.
£ 3. d.
Total revenue from gold account 85,303 19 1
,, ,, rents and licenses 351 12 6

Total revenue made by the Van Ryn Gold Mines Estate, Limited, for a
period of 11 months £85,655 11 7

The total rofit for the same period was £26,057 23. 10d., which includes £8,191 17s. 2d., net
profit derived m cyanide treatment.
The tailings are being treated under contract for the time being, the contractors having erected
their own plant, capable of treating 8,000 tons per month, but only an average of 6,000 tons r
month has been attained up to the present. The contract provides for 2s. 3d. of the net pro ts
l{going to the Company and 13. 3d. to the contractor, the latter guaranteeing the cost of treatment,
not to exceed 43. 4d. per ton. The total tonnage treated up to the end of June, 1895, was 59,760
tons, giving 6,577 oz.—an average of 22 dwt. of fine gold per ton. In July, 1895, the cyanide
plant was taken over by the Company, and therefore the whole of the profits made under this
head now accrue to the Company.
 FVI TWA TERSRA ND MINES. 427

PRODUCTION AND COST :—

The production of the original Van Ryn Gold Mining Company amounted to :—
1,470 oz. in 1888... . with 25—40 stamps (3 months).
750 ,, in 1889 .. ,, ,, ,,
2,192 ,, in 1890... ,, 25—40 ,, (5 months).
Total 4,412 oz.

In 1891 the- battery was shut down until the Van Ryn Estate and Gold Mining Company,
Limited, started milling operations again in—
1892 with 9,016-20 oz. (9 months) 40—50 stamps.
1893 ,, 13,767-45 ,, (12 months) 50—30 ,,
January, 1894 ,, 859'13 ,, 30 ,,
February ,, ,, 846'82 ,, 30 ,,
March ,, ,, 1,154'26 ,, 30 ,,
April 17 n 11510.80 71 40 11
May 11 n 1746839 17' 40 11
June ,, ,, 1,550'79 ,,‘~ 45 ,,
Total 30,173'84 oz.

Details of production and cost during the your 1893 and up to date of reconstruction of the
Company.

Tons pe-r {.011 ‘ gold.

Monk No.0f Tons per P535531“, A‘ ' “on, ‘— Yield per 33%, ‘Profitper
stumps. crushed. stamp “semen, and ll‘rom concem TomL ton. retained. 1 ton.
Pei-day‘ redemptiomf puma‘ trutes. ' ,
“ 1893. i i *— l s. d.—l—oz. _ oz. oz. —dwt. in‘. £ l s. d.

January 50 ‘ 1,222 2'70 ‘uncertain, 463'57 Ilil- ‘ 46357 7 12 1,718 | nil

February... 53 3341 2-94 |2e 1157 127628 2271 l 129899 7 19 4,814 .2 5637
March 50 41003 302 26 11-205 ,11460-78 12 . 1149270 7 10 5,586 0 1736
April 50 ‘ 3,882 2'88 121 9'503 1,125'99 22'80 1,1437%) 5 22 ,1 4,243 nil.
May 50 1 4,027 3'19 l23 7'919 1,364‘88 1415 ‘ 1,379'03 6 8 4,894 nil.
June 50 l 4,341 338 '21 10460 1,252-10 2323 1,230-33 5 22 1 4,770 n11.
July 50 ‘ 3,843 3'24 25 11'562 f1,268'90 15'33 1,2842?) 6 16 , 4,877 ml. '/
August . 50 , 4,065 3'20 25 7'829 l1,387 23‘12 ‘ 1,410‘12 6 23 ' 5,301 1 5227
September 50 > 3,635 337 {24 7-144 11,117-93 31-21 1,149-14 6 6 4,303 nil.
October 30 2,826 3'43 ,27 3533 I 92420 26'15 95035 6 17 3,512 > 1 8758"
November 30 2,575 311 l31 11'574 1,(X)9‘60 11‘95 1,021‘55 7 22 3,867 3 8'958
December... 30 2,447 315 ,29 10435,‘ 363-90 1975 1 383-65 7 3 3,173 2 3:535v
Totals -_ 140,212 - l - I _ - ]13,767-45i 6 20-3 51,058 _

1894.
January 30 2,654 1 3'1 25 8'840 ' 829'16 3017 85933 6 11 3,156 O 8688
February... 30 2,037 2'86 28 10'905l 813'13 33'69 84682 8 7 3,108 4 5'553
March 30 , 2,567 3'18 27 9'548 :1,108'26‘ 46 1,154'26 8 25 4,227 7 6035
April 40 1 3,4161, 3'23 25 1'868 11,379‘18 94'85 1,474'03 8 20 5,496 , 7 2487
May l 40 ‘ 3,552 3'28 25 2-569 ,1,403-35 65-04 1,463-39 8 6 5,362 ,5 1370
June ...‘ 45 , 4,004 3063 25 5-442 1,503-55 47-24 1,550-79 7 17 5,631 ,3 1-023
______',__ n. ,W,,_—_,, v , , _____
Totals I - i1s,230.5 - - ~ _ , - 7353-62 s 16 27,060 -

Recapitulation. oz.
Total production of the Van Ryn Gold Mining Company, Limited 4,419
,, ,, ,, Van Ryn Estate and Gold Mining Company, 3017384
Limited . . , -
Total production up to date of reconstruction 34,592'84

It will be observed that the yield steadily increased up to an average of 8 dwt. 16 gr. per
ton (exclusive of tailings).
42S WITH’A TERSRAND MINES.

Details of production and cost by the Van Ryn Gold Mines Estate, Limited. ,

C 1“ per ton Yield of gold.

N0. 1'' Tons Tons --
r mimng’mlu -_ ‘ _‘_ Yield per'“Tml
0 Profitper
Month‘. stamga. crushed. htiifnp "81:32:22;d lirom cf,::;_ ' Tom,- ton. :(zgizgi ton.
i I per day‘ redemption. , p ates‘ 1 gram. 1 |
189-L—k _ W s. d. 1 oz. v_oz. , ‘on? dwt. gr. 4: is i “d. _

July I 45 4,045 3 26 1-316 41,434-85 45-50 1 1490-35‘ 7 7 5,405 0 9260

August , 45 3,826 3149 26 4076 ,1,434 l 3375 1467-75 7 15 5,390 2 0050
September 45 3,730 3084 25 1W4 1,585'30‘ 45 ‘ 1,630'30; 8 17 . 5,978 7 1636
October , : 50 4,029 3260 26 6681 1,6980?) 50 1,748'03 8 16 I ,6,365 5 2372
November 50 4,048 3075 27 6609 1,655‘65 185 1,840'65 9 2 6,547 4 11451
December... ‘ 50 4,174 3121 25 7'777 ‘240045 16225 2,162‘70 10 8 7,879 12 3041
1895.
January i 50 4,177 3019 25 8813 2,162'10 68 2,230'10; 10 16 8,115 13 3334
February... , 50 4,235 3184 24 sees 1,991-95 52 2050-95 9 16 7,467 11 1191
March 50 4,225 3306 28 1204 2,093‘65‘ 54 2,147'65, 10 3 7829 9 1347
April . 50 4,237 3167 24 5755 2,033'55, 153'60 2,187'15‘ 10 8 - 7,957 13 2789
May 50 4,678
__L_ __ ¥. . . 3'386 23 7-342L ‘,1,884'60‘ 100 , 1,984-60l‘ s 12 | _7,175
— _—7 2452
___
Totals - |45,404 _ - - - 50030-221 o 5-2 ‘ 76,107 _
. n I bl.

Total production by the old Companies in 38 months 34,592'84

,, ,, " ,, new Company in 11 months 20,930'23
Total production since inception of the first Company from mill ~ 55,523'07
l - : v

The average yield per ton has been improved by about dwt., although no proper sorting of
the ore has as yet been arranged. .
. DESCRIPTION OF THE PROPERTY.—The property comprises the freehold of a portion of the
farm Vlakfontein, Heidelberg district, Witwatersrand, about 18 miles east of Johannesburg. The
whole extent of the farm is about 3,206 morgen, or about 6,500 acres. The mining area: comprises,
in the first instance, the mynpacht, being about 646 acres or equal to about 465 claims. Besides
these the Company owns several blocks of claims, being owners’ claims and others. Lately, the
whole of the northern portion was pegged out in claims by the Company, and subsequently a
subsidiary Company was formed on that portion, called the Van Ryn North Exploration and Mining
Company, Limited. Another subsidiary Company is the Van Ryn West Mining Company, Limited,
which has taken over.the western portion of the mynpacht, in extent 124 morgen, or about 180
claims. The parent Company, therefore, now holds the following property :—

The remainder of the mynpacht, being about 285 claims.

'Owners claims 12 11 -
Other claims, partly already purchased, partly under option, including ground
occupied by mill-site and werf 594 ,,

Total number of claims 891

including several water-rights on the portion ceded to the Van Ryn North Exploration and Mining
Company, Limited. The combined property of the parent Company and the subsidiary Companies
stands as follows :— .
The Van Ryn Gold Mines Estate, Limited 891 claims.
The Van Ryn West Mining Company, Limited 180 ,,
The Van Ryn North Exploration and Mining Company, Limited 3,545 ,,

Total number of claims ' 4,616

The holdings of the parent Company in the subsidiary Companies is as under :— V
In the Van Ryn West Mining Company, Limited .. 70,000 shares.
In the Van Ryn North Exploration and Mining Company, Limited 70,000 ,,
‘Total shares 140,000
 WIT WA TERSRA ND MINES. . 429

which represents over 40 per cent. in each -of - the subsidiary Companies. Besides this, the
parent Company will receive 25 per cent. of the net profits on all sales of the property ceded to
the Van Ryn North Exploration and Mining Company, Limited.

liIIXING INTELLIGENCE—Th6 property is intersected by two reefs: (1) the North, orv Klein
fontein Reef; (2) the South, or Modderfontein Reef. The North Reef extends 8,000 ft. through the
property, and the South ‘Reef 6,500 ft.,- with an average dip of 900 ft. The North Reef is inter
sected by one fault, which throws'the reef 300 ft. to the north. The South Reef enters the Com
pany’s ground at the south-west corner, and leaves it at the south-east corner, on the boundary of
the Modderfontein Company. The property is worked at present by (1) one main shaft on the North
Reef, while one main incline shaft is now being sunk on the same reef ; (2) one main incline shaft
on the South Reef. The main incline on the North Reef has reached a depth of 530 ft. to the 4th
level, and is sunk 30 ft. below; total depth, 560 ft. Driving: 1st level, 2,550 ft.; 2nd level,
2,050 ft.; 3rd level, 1,970 ft.; 4th level, 300 ft. South Reef incline shaft: depth, 250 ft‘. to 2nd
level. Driving: 1st level, 1,600 ft.; 2nd level, 100 ft. The North Reef averages 14 in. in thickness,
and the South Reef 4 in. Ore in sight: On the North Reef, 42,757 tons; on the South Reef,
25,727 tons. Both reefs together average in assay 12 dwt. 15 gr. 10 per cent. of the ore is
rejected in sorting as worthless. The profits made on all operations, after deduction of all
expenses in London and locally, and also of the amount paid to the tributors for cyanide treat
ment, amounted to £29,584 28. 1011. for the year to June 30, 1895. The present mill is of a light
type, built in the earliest days of the mining industry. It is anticipated that with the new
mill now being erected the production will be largely increased. Above the North Reef, and at a
short distance, lies a leader 3 in. thick, which up to the present time _has not been worked on
account of the want of sufficient sorting appliances. It is calculated that by stoping this leader
at a thickness of 2 ft. a further supply of ore equal to 200,000 tons will be available, and it is
considered that on a thickness of 2-ft. the ore will yield 8 dwt. per ton.

EQUIPMENT.—1l[ain Incline Shaft, North Reef: The shaft is 12 ft. 4 in. x 5 ft., divided into
three compartments, and is fitted with a 40-ft. wooden head-gear, ore-bins for valuable and for
waste rock, and with skips of 1 ton capacity. Pumps: One 3 x 4in. duplex Tangye’s, one 10 x 5 in.
ditto, one 4 x 2 in. ditto. Engine House : One 20 h.p. Ruston & Proctor horizontal-geared winding
engine; 1 Ingersoll & Sergeant compound condensing Corliss-type air compressing plant; 30 and
36 x 42 in. steam cylinders, 19} and 31 x 42 in. air ditto; 1 complete condensing plant; one 6-in.
centrifugal pump; 1 compound 111 double-cylinder engine, 1 vertical Tangye, both to drive 2
Ellwell-Parker dynamos. The above plant is steamed by three 80 h.p. Tangye’s multitubular
boilers, fitted with Green’s economisers. The crushers and sorting-floors are erected at the head
gear. This plant consists of grizzly bars, revolving sorting-table, and 3 large Blake crushers.
Main Incline Shaft, South Reef : This shaft, 12 ft. 4 in. x 5 ft., is fitted with skips of 1 ton capacity,
and one 40-ft. wooden head-gear, with ore bins for valuable and for waste rock. Pumps: One 4 x 6 in.
duplex Tangye pump, one 4 x 2 in. ditto. One 20 h.p. Ransomes, Sims &. Jefi'eries winding engine ;
one small hoisting engine; one 6 h.p. steam winch; one 20 h.p. locomotive boiler. No plant is at
present erected on the other shaft.

Mill: The present mill consists of 50 Sandycroft light stamps. This plant will be abandoned
shortly and replaced by one of 80 Krupp-Grusonwerk stamps, 1,050 lb. each, fitted with all im
provements. The remainder of the plant is not finally decided upon. Cyaniding is now done by
tributors. The new plant, which will be shortly erected, will be of sufficient capacity to meet all
requirements.

GENERAL REMARKs—The group of Van Ryn mines have undoubtedly assumed an important
position. The portion of mining area retained by the parent Company is still very extensive for
one mine to work, the estimates made giving a reserve of ore of 6,000,000 tons. The Van Ryn
West portion is estimated to contain about 1% million tons of ore of the South Reef (Modderfontein
Reef) and 2,000,000 tons of ore of the North- Reef (Van Ryn or Kleinfontein Reef). The northern
portion now made over to the Van Ryn North Exploration and Mining Company, Limited, has
yet to be proved.
430 WI T WA TERSRA .vu MINES.

VAN RYN NORTH EXPLORATION AND MINING COMPANY, , LIMITED.

Formed in June, 1895.
CAPITAL—£170,000 in £1 shares; 120,000 shares issued and fully paid up.
Directors.
L. R. C. BOYLE, L. B. BURNS, F. A. GILLAM, E. SANDEMANN, and J. H. VAN RYN.
Local Committee. '
DR. J. MAGIN, C. MULHAUSE, and S. W. JAMmox.
Secretaries and Head Oflicc.
New African Company, Limited, Johannesburg, Transvaal.
London Secretary and Ofiicc.
STUART J. Hose, 18, St. Swithin’s Lane, E.C.
CAPITAL APPROPRIATION.—TO the Van Ryn Gold Mines Estates, Limited, in exchange for the
property, 70,000 shares ; issued for working capital at 308., 50,000 shares; reserved for future issue,
50,000 shares ; total, £170,000. The issue 0 50,000 shares at 108. premium, yielding £75,000 working
' capital, was offered to the shareholders in the Van Ryn Gold Mines Estate, Limited, and was guaran
teed by the New African Company, Limited ; in consideration of which that Company was given an
option for two years over the 50,000 reserve shares at 32s. 6d. per share. The parent Company
retains a 25 per cent. interest in the net profits realized by this Company on all sales of property
in the future.
PRoPERTY.—The assets comprise surface and mineral rights over about 6,000 acres, being the
northern portion of Vlakfontein, East Band, and upon which up to the present no development work
has been undertaken, although the existence of a. reef has been ascertained.

VAN RYN WEST GOLD MINING COMPANY.

Formed in January, 1895.
CAPITAL—£170,000 in £1 shares; 120,000 issued and fully paid up.
Directors.
F. R. BULLOCK, L. B. BURNS, E. SANDEMANN, J. SEEAR, and J. H. VAN RYN.
Johannesburg Committee.
DR. J. llIAGIN, C. MULHAUSE, and E. SEIMERT.
Secretary and Head Oflicc.
STUART JAMES Hoes, 18, St. Swithin’s Lane, E.C.
Johannesburg Secretary and Oflicc.
J. \V. FORBES (The New African Company, Limited), Johannesburg, Transvaal.
CAPITAL APPROPRIATION.—TO Van Ryn Gold Mining Company, 70,000 shares; to working
capital issued to shareholders at 30s. (guaranteed), 50,000; reserve (partly issued) under option to
the guarantors at 305., 50,000 ; total, £170,000. The working ‘capital will therefore be £150,000.
PROPERTY..—Consists of the western portion of the mynpacht on the proclaimed farm Vlak
fontein, in extent about 280 acres. The reef area is equal to about 100 claims. The extent on the
strike of the Modderfontein Reef is about 3,000 ft., with a. dip approximately of 2,700 ft. On the
northern or Van Ryn Reef the length is 3,000 ft. with a dip of about 4,000 it. For plan, see Volume
111., where the fault which displaced the Modderfontein or Chimes Reef is also shown.
DEvEwPMENT.——The Van Ryn Gold Mining Company formerly worked the ground containing
the Modderfontein Reef and extracted some 30,000 tons; the mine is now being actively developed.
Work is carried on by means of No. 1 Main Incline on the north series west portion ; No. 2 Main
Incline on the south series west portion ; No. 3 Main Incline on the north series east portion; and
No. 4 Main Incline on the south series east portion. No. 1 shaft has reached a depth of 170 ft.,
and N0. 2 shaft has reached a depth of 45 ft. In No. 3 shaft 2 levels have been opened by the old
Company, part of which have been stoped. The present Company continues this development work.
In No. 4 shaft, one level has been sunk and is driven upon by the present Company.
EQUIPMENT.-——N0. 1 Main Incline shaft: Size, 21 x 5 ft. 6 in. divided into 2 hauling ways, 1 pump
way and 1 ladder way. The shaft is timbered throughout with U x 9 ft. pitch pine. The plant is
of a temporary character, and consists of a 12 h.p. Ransomes, Sims & Jefi'eries winding engine, and
20 h.p. Ransomes, Sims 8r. Jefl‘eries boiler. This plant will shortly be replaced by a 45 h.p. Ruston
Proctor 15x30 winding engine and boilers. No. 2 Incline shaft is now run by means of wire
rope worked from No. 1 shaft by a small hoisting engine. N0. 3 shaft is one of the old vertical
 W1 1 WA TERSRA ND MINES. 43 1
shafts of the Van Ryn Company. It is down 200 ft. vertically, and is fitted with a 110-ft. head
gear, one 20 h.p. Ransome’s horizontal geared winding engine, one 25 h.p. Tangye locomotive boiler.
N0. 4 shaft .' the plant has not as yet been decided upon.
Mill: This will be erected shortly, and consists of 80 Grusonwerk stamps 1,050 lbs.
GENERAL REMARKS.~—Th6 80 stamps are expected to commence working in April, 1896.

VESTA GOLD MINING COMPANY, LIMITED.

Formed in 1892, and rv-formed in July, 1895.
CAPITAL—£170,0(X) in £1 shares ; 130,000 issued and fully paid up.
. Directors.
B. M. WooLLAN (Ohainnan), THOMAS PALMER, and E. T. SOMERSET.
Head Oflce.
Johannesburg, Transvaal.
London Agent and Ofice.
The African Estate Company, Limited, 2, Draper’s Gardens, E.C.
CAPI'rAL.—The original capital was £50,000. In July, 1895, the Company was reconstructed
by the African Estate Company. The new capital is £170,000, utilised as follows: To the old
Vesta Gold Mining Company shareholders, share for share, 40,000 shares; to the African Estate
Company for about 600 deep level claims, 30,000 shares; subscribed at par to provide working
capital, 60,000 shares; held in reserve, subject to a 6 months’ option at 25s. in favour of the
African Estate Company and others, 40,000 shares ; total, 170,000 shares.
PROPERTY.—The original holding was 69 morgen, or 9936 claims, of which 58 are reef-bearing.
Under the reconstruction about 600 deep level claims were added, giving about 660 reef-bearing
claims in all. The 600 claims are held on two leases, expiring in 1940 and 1923, the total rental
payable ranging from £160 per annum at the beginning of the term to £400 at the end. The
property is situated on the farm lilisgund, Witwatersrand, about 9 miles S.S.\V. of Johannesburg.
The ground is on the Black Reef.
l\IINING INTELLIGENCE—There is an old 10—stamp Sandycroft battery. The workings so far
show that the Black Reef is very patchy and is mainly poor. There are, however, two promising
shoots of ore, and it is believed that the reef will become more uniform as depth is attained.
Mr. Stanley Clay reported on the property in April, 1895, as follows: “About 720 ft. from the
east boundary an adit was driven into the hill, and at a distance of about 100 ft. the Black Reef
was cut. The reef was driven upon to the west for about 400 ft., and three winzes connected this
level with the surface. The leader in No.1 winze pans very well and gives good gold in the pan. At the
point where the winze intersects the level the reef is 6 in. thick and assays 16 dwt. At No. 2 winze
the reef is 4 in. thick and assays 85 dwt. From this point the reef increases in size to 13 in., but
decreases in value to 2'4 dwt. At surface in No. 3 winze the reef is 3 ft. thick with 6 in.
of blue shale on the footwall, underneath which is the red pot clay footwall. The ground above
this level has been partially stoped out, and in places as much as 4 ft. was extracted. In order to
prove the ground below the level a winze has been sunk on the incline of the reef for a depth of
80 ft. The formation dips at an angle of from 10° to 15°. I sampled the winze at intervals of 5 ft.
with the following results :— _
Size of reef. oz. dwt. gr.
13 m. 0 2 20
12 11 0 2 20
10 n U 2 2O
7 n o 2 19
8 H 1 5 5
4 H 0 12 10
3 ,, 1 10 20
r ( Reef pinches out. ) O 17 15
12
0 :1
n 2 f) A 6

12 n U 1) U
5 n U 4 U
8 n (J 3 t)
432 WI 1 WA TERSRA ND MINES.
The average of the above is 126 dwt. for 825 in. I fancy the ground will be very patchy, but it
is possible that, as depth is attained, the reef will become more uniform. Some of the assays are
encouraging, and warrant the prospecting of the mine. About 800 ft.west of No. 3 winze a vertical
winze was sunk, and cut the reef at about 10 ft. A rise was put up 45 ft. on the reef, which varies
in size from 3 ft. to 4 ft., but is poor. A winze was sunk 50 ft., but at the time of my visit was
full of water. I took one sample, which assayed 3'4 dwt. for 12 in. The foreman told me that at
the bottom of the winze the reef is 12 in. thick, panning well. Another winze has been sunk 80 ft.
to the dip, which at the time of my visit had just struck the top portion of the reef, so that it will
not be fair to attach any importance to the poomess of the hanging wall portion of the reef. In
some old surface workings to the east of these winzes I got some samples which panned very well.
One stope had caved, so I could only-sample a very short distance—about 20 ft. The reef was
about 12 in. thick, and panned from 10 to 30 dwt. free gold. Under the reef was a clay leader
about 4 in. thick, which contained heavy gold. The outcrop can be traced right through the pro
perty for a distance of 3,900 ft. At the east end of the property the distance from the outcrop t0 the
south boundary is about 750 ft., and at the west end 1,400 ft. The plant consists of a 10-stamp
battery by Sandycroft, with a Ransome engine and boiler. I think that good patches of ore will be
found in the Vesta, but in the ground already opened the poor ore seems to predominate. I am,
however, of the opinion that in the deeper ground the reef may become of better value, and I would
advocate the sinking of two or three shafts to test the lower ground.”
Mr. J. J. Lang (manager of the Orion Gold Mining Company) reported during the same
month : “ I visited your property on the 8th inst., and stopped all work, as nothing more can be done
-with the present appliances; but the line of shoots has been located, so I do not think any more
prospecting work need be done. It will only be necessary, should you decide to resume work, to open
up the mine and develop the two shoots of gold known. 100 ft. of driving has been done on the
eastern shoot. .I sampled the reef carefully over an average width of 12 in., with the average fire
assay result of 14 dwt. 6 gr. to the ton of 2,000 lb. The width of the reef varies considerably, but
it is increasing in width at depth. The reef at bottom on drive is now 2 ft. in thickness. The
eastern shoot has only been tapped in one place by a small shaft. No driving could be done on
account of the quantity of water met with, but the reef is well defined, and can be seen in the old
stopes, above where it is about 2 ft. wide and pans well, but cannot be systematically sampled
through the dangerous state of the roof. This shoot, I think, will prove the better of the two;
the reef is better defined, of greater width, and wherever getatable pans better. I think sufficient
work has been done to prove your property a valuable one. I estimate the value of your reef at
10 dwt. ; this, with the well-known facilities for cheap Working characteristic of the Black Reef,
should pay well.”

VILLAGE MAIN REEF GOLD MINING COMPANY, LIMITED.

Formed in 1888, and re-fo'rmed in November, 1890.
CAPITAL—£180,000 in £1 shares ; 177,000 shares issued and fully paid up.
Directors.
PERCY TARBU'I‘T (Chairman), H. E. M. Davnzs, ALBERT DEACON, and W. HALSTED Farm.
Johannesburg Committee. 7
C. D. RUDD, E. Bmsnxnu'rn, F. A. ENGLISH, F. ECKSTEIN, and F. Lownnr. -
Secretary and Head Ofiice.
HERBERT C. PORTER, 8, Old Jewry, London, E0.
FINANCIAL HIsTORY.—The Company was originally floated with a capital of £28,000, of which
the vendors received 17,500 shares; working capital, £10,500, subscribed at par; total, £28,000.
On July 5, 1890, the Company was reconstructed, and the capital was increased to £100,000. _ Of
the new shares the old shareholders received 28,000 shares; for £25,000 provided by the Afncan
Estate Agency it received 50,000 shares; reserve, 22,000; total, 531001000- The 22000 spares
subsequently realized £35,500, bringing the total working capital subscribed since the flotation of
the Company to £67,650. A further issue of 32,000 shares was subsequently made as the con
sideration for the purchase of 72 claims acquired from the Johannesburg Township Company,
making the total capital of the Company £132,000. On January 23, 1894, the capital was increased
to £180,000 by the creation of 48,000 shares; of these, 45,000 shares were realized for the sum of
£135,000, leaving 3,000 shares in reserve. Total cash working capital subscribed since formation
of the Company, £202,650.
 WI 1 WA TERSRA ND MINES. 433

Balance-sheet for 18 months ending June 30, 1894.

Capital and Liabilities.

_ £ 3. (1. £ 3'. d.
To Share capital, 180,000 shares of £1; fully paid,
£180,000; issued, 177,000 shares of 203. each, fully
paid .. 177,000 0 0
,, Reserve shares, as per last statement 10,150 0 0
,, Add further premium on shares transferred from
profit and loss 90,000 0 0
100,150 0 0
,, Deduct developments for 18 months to date written off 42,057 10 2 _
--——— 58,092 9 10
,, Bills payable 5,000 0 0
,, Sundry creditors :—
London 3,263 3 7
South Africa 8,759 9 4
—— —»-— 12,022 12 11
,, Overdraft on banking account, Johannesburg 250 3 6
,, Profit and loss account :—
Balance brought forward from December 31, 1892 9,722 13 11
,, from account, June 30, 1894 13,502 6 2
— — 23,225 0 1
£273,399 3 4

Assds. £ 3. (1. £ 3. (1.

By Property account :— ~ ' ' -

93 claims, including development as at last account 121,298 15 8
Deduct expenditure in connection with dip claims
refunded by Consolidated Gold Fields 3,458 15 4

117,840 0 4
,, Purchase of water-right 2,696 15 2
. ——-— 120,536 15 6
,, Machinery and plant equipment 28,349 12 8
Add expenditure since 39,182 2 6
67,531 15 2
Deduct 10 per cent. depreciation 6,753 3 6
‘0,778 11 8
,, Buildings as per last account 5,235 0 9
Add expenditure since 10,113 13 2
15,348 13 11
Deduct 10 per cent. depreciation 1,534 17 5
~A--—> —- 13,813 16 6
,, Gold unrealized June 30, 1894 7,372 14 9
,, Stores and material on hand 1,732 13 10
,, Furniture in offices 427 5 3
,, Live stock and vehicles 212 2 6
-,, Sundry debtors 52 4 8
,, Cash balance (on hand, at bankers and in London) 70,664 1 8
£275,590 6 4
VOL. I. F F
43.1. WITIVA TERSRA ND MINES.

Profit and Loss Account for the 18 months ending June 30, 1894.
£ 3. 0!. £ 3. d.
To Mining account :—
Mining 33,219 3 0
Milling 9,290 18 11
Hauling 3,552 10 5
Re-treatment, smelting and assay 3,527 3 6
Cyanide treatment 2,309 4 3
-— 51,899 0 1
,, General expenditure in South Africa, for 18 months... 11,979 11 2
,, ,, ,, London, to June 30, 1894 1,777 16 9
,, Interest on advances . _ 1,930 13 7
,, Depreciation in machinery, plant, and buildings 8,288 0 11
,, Income tax 303 16 6
,, Johannesburg Township share account 200 0 O
,, Balance carried down 13,502 6 2

£89,881 5 2
£ 3. d
By Profit in issue of shares transferred to reserve 90,000 0 0
,, Balance carried to balance-sheet 13,502 6 2

£103,502 6 2
By Gold account :— £ 8. 61. £ 8. d
No 1. Plates, 20,997 oz. 76,394 13 5
,, 2. Sale of concentrates... 9,605 1 5
,, 3. Cyanide (tailings) 2,724 18 10
—— 88,724 13 8
,, Sundry receipts: London and South Africa 1,156 11 6

£89,881 5 2
£ 3. d.
By Premium realized in issue of shares 90,000 0 0
,, Balance brought down... 13,502‘ 6 2
£103,502 6 2

Financial Position .' On November 29, 1894, the Company had £70,000 of cash in hand.
PROPERTY.——COHSiStS of 93 Main Reef deep level claims situated to the south (and forming the
immediate dip) of the Wemmer, Salisbury, Jubilee, and City and Suburban Gold Mining Companies’
properties. The northern boundary, immediately adjoining these, is (east to west) 4,495 ft. in
length, the southern being 4,750 ft. The average dip, viz., north to south measurements, is 1,225
ft. The length on the incline from the outcrop to the south boundary will be about 1,500 ft. The
whole property forms a rectangular block.
MINING INTELLIGENCE.—Recfs: The reefs being worked are the South Reef and Main Reef
Leader. The Main Reef has not as yet been worked.
Width of reefs: South Reef width 18 to 19 inches; Main Reef Leader, 18 to 36 in. thick,
lying 100 ft. to the north of the South Reef. The Main Reef is said to be about 8 ft. wide and is
situated 2 to 15 ft. to the north of the Main Reef Leader. In the \Nesteru section of the mine
the Main Reef and Leader show a tendency to meet. Boreholes were sunk in 1894 to test the
value of the Main Reef. Where struck it only had a width of 18 inches, of which the hanging-wall
assayed 38 dwt. per ton, the middle section 1 oz. and the foot-wall poor. As most gold is generally
found in the foot-wall, it is supposed that this is not the Main Reef proper, but merely a leader.
Dip of the rcqfs : The average dip is about 30°.
DEVEI1>PMEX_T.—The property is being developed by means of several incline shafts. A new
vertical shaft, known as No. 2, is in course of sinking. It is situated 920 ft. from the northern
boundary, 360 ft. from the southern, and 1,600 ft. from the eastern boundary. Its present depth
(July, 1895) is 730 ft. (vertical). The South Reef is calculated to be intersected by the shaft at a
 1V1 T IVA TERSRA .‘YD MIXES. 435

depth of 1,100 ft. No. 1 vertical shaft connects the mine with the surface; it is situated 517 ft.
south of the outcrop of the South Reef, which is intersected at a depth of 485 ft. It is only sunk
to the second level, and is divided into three closely timbered compartments. Two are for the
cage-way and one for the ladder-way and pump. The latter is a 9-in. Cornish pump. This
shaft at the second level is connected by means of a cross-cut with the South Reef. The 3rd level
is reached by the main incline shaft, sunk from the second level 50 ft. west of the main cross-cut.
The main incline shaft, 20 x 6 ft., has been sunk 548 ft. from the 2nd level, equivalent to a vertical
depth of 870 ft. 500 ft. west of the vertical, the west incline shaft has been sunk 293 ft. below the
2nd level, or 717 ft. vertical from surface. The new vertical shaft No. 2 is down 730 ft. A cross
cut, about 340 ft. in length, will be carried toconnect with incline shaft No. 1 west. A strike fault
was encountered in the 2nd level, which throws the reef 30 ft. south. It was encountered 150 ft.
east of the main cross-cut, and at the 3rd level in the main incline. The fault has seriously inter
fered with the development east of the main shaft at the 2nd and 3rd levels. Briefly summarized,
the mine is at present being developed by means of a main vertical shaft close to the northern
boundary. The South Reef was intersected at 530 ft., and No. 1 level is driven at this point. The
Main Reef is met with in the shaft at 580 ft. Here the 2nd level is driven, with a cross-cut to
the South Reef. At this point, 60 ft. west, an incline has been put down on the reef about 500 ft.
to the 5th level. Also 500 ft. west is a second incline. Some of the levels of the two inclines
communicate already. 600 ft. east of the main shaft another incline is sunk to the same depth of
the west incline, and all levels to the 6th are being driven upon. No. 2 incline is driving for the
new vertical shaft 900 ft. farther south. At 600 ft. on the incline, a cross-cut will be sent across to
this shaft, and will get it at about 350 ft. The incline itself will ultimately reach the new vertical.
Development on South Reef: The stopes are carried 2 ft. Gin. wide. On each of the western
ends of the 2nd and 3rd levels there is 550 ft. of ore untouched, and in the 4th and 5th levels the
drives from the main incline are 350 ft. and 351 ft. respectively in length, the distance from the
3rd to the 5th level being 330 ft. on the incline.
Length of Levels Driven and Ore in sight :
5 levels have deen driven from No. 2 vertical shaft 16 x 5 ft.
No. 1 Level is exhausted.
No. 2 ,, drives east 500 ft.
,, ,, west 1,170 ft. 10,000 tons of ore in sight.
No. 3 ,, ,, east 560 ft.
,, ,, west 930 ft. 21,000 tons ,,
No. 4 ,, ,, east 266 ft.
,, ,, west 140 ft. 10,000 tons ,,
No. 5 ,, ,, east 150 ft.
77 ,, west 140 ft. 10,000 tons ,,
‘Little development has as yet been done on the Main Reef, but the Main Reef Leader and
Main Reef are now being developed.
EQUIPMENT—1V0. 1 Shaft .' The shaft is fitted with an iron head-gear 45 ft. high, with safety
cages. Pump: 9 in. Cornish pump, 3 lifts, driven by one 30 h.p. single stroke pumping engine
by Fowler & Company. Hauling .' Hauling is done by 1 Fraser 6t Chalmers winding engine geared
3 to 1 helical gearing; cylinders, 16 x 3 in.; 200 h.p., capable of raising 5 tons at the rate of
1,000 ft. per minute. Air Compressor .' Drilling is done now by 1 Rand Drill Company No. 1, to act
on 10 drills; cylinders 13 x 26 in., air and steam. 1 Schraam, 4 drills, 12 x 26 in., air and steam.
17 drills are now at work on the development of shaft No. 1. In the mine are also 3 hoisting
engines, 1 Daglish and 2 Tangye, all being worked by compressed air. Electric pump: A 35 h.p.
Willans engine is in course of erection to drive electric motors, with the object of pum ing water
from the Heronmere dam to the new milling plant. Dynamos : These supply electric ight to all
works; the plant consists of 1 dynamo, Elwell & Parker; 1 dynamo, Woodhouse & Rawson'; 1 dynamo,
4 poles (no name), of German manufacture, driven by 1 Tangye single horizontal engine, 55 h.p.
Central Boilers house : contains one 40 h.p. Sandycroft externally fired boiler, one 106 h.p. Babcock
& Wilcox, 1 86 h.p. Babcock &. \Vilcox, 2 Davey & Paxman 40 h.p. each, externally fired, and one
30 h.p. Tangye locomotive type. This plant supplies steam to the mill, the electric, hauling and
compressing plant, as well as to the workshops and crusher house. Crushers and Sorting: The
sorting floor is close to the head-gear and adjoining the mill. The ore is trammed to it and delivered
over grizzly bars to the floor, where it is washed and hand sorted. It is then delivered to 2 Blake
crushers placed below the floor, the ore being crushed and thrown into ore-bins and elevated to the
mill’s platform by 1 Reedy elevator.
Mill: The mill consists of 40 stamps, being 20 Sandycroft and 20 Fraser & Chalmers.
From the plates the pulp is received by 8 Gilhead concentrators, and afterwards by 8 Scoular tables.
A tailings wheel, 35 feet in diameter, elevates the tailings to 3 settling pits.
436 WITWA TERSRA ND MINES.

Dry Crushing: Experimental dry crushing is now being carried on with 10 stamps, witha
view of submitting the crushed ore to a direct cyanide treatment, with subsequent concentration
and second treatment of the remaining tailings.
New Milling Plant: It has been decided to erect a new milling plant near N0. 2 shaft. This
plant will consist of 100 heavy stamps, with corresponding cyanide and other plant.
No. 2 Shaft: This shaft, 6 x 20 ft. inside timbers, is divided into 4 compartments. 2
hauling-ways, 1 men-way, 1 pump- and ladder-way. The present depth is 730 ft. It is expected
to reach the reef at 1,200 ft. The head-gear of wood is only temporary; one 70 ft. high is to
take its place. Pumps : Pumping is done by sinking-pumps of a temporary character, driven by
compressed air. These are to be replaced by one 16-in. Cornish pump, with a lift at every 200 ft.,
driven by 1 tandem single-cylinder compound condensing engine, 13 and 26 x40 in., by Harvey
& Co. Hauling is being done by 1 direct-acting 8-ft. drums Daglish double cylinder engine,
18x36 in., 200 h.p., the average speed for the cage being 3,000 ft. per minute. Compressor
Plant .' The air-compressing plant consists of 1 duplex tandem compound condensing engine. It
runs at 42 revolutions per minute, with an efficiency of 86 per cent. supplying air for 13 Slugger
rock drills, 2 double and 1 single air twist, and 13 pumps. Steam cylinders 13 and 26 x48 in. ;
air cylinders 24 and 38x48; capable of working 40 drills, 10 h.p. The air is drawn into the
low-pressure cylinder, where it is compressed to 25 lbs. The receivers are three in number, and
are so placed that the intermediary one collects all the water from the condensed air. There is
also an air-cooling receiver acting between the high- and low-pressure cylinder of the compressing
engine. Water-cooling Tanks: With the object of cooling the water used for condensing pur
poses, 4 tanks, 10,000 gals. each, have been constructed; the water reaching them through a
perforated cover, 3 ft. above the tanks, by which means the cooling process begins. From the
tanks the water is delivered into a shallow pound by a large perforated pipe, distributing the water
above the surface. Boilers: The boiler plant consists of 4 Cornish multitubular boilers, 21 ft.
x 6 ft. 6 in. Two are fitted with Bennis mechanical stokers. Accommodation is being made
for 3 more similar boilers, all fitted with mechanical stokers and Green’s economizers. Work
shops .' The shops derive their power from a separate Tangye single cylinder vertical engine, 9 x 16
in., steamed from central boiler station. They are erected close to No. 1 shaft. This workshop,
which is to be greatly enlarged, comprises one 16 ft. lathe, punching, shearing, one 4 ft. lathe,
and planing, shaping, drilling, and screwing machines.
WORKING RrsUL'rs FOR 18 MONTHS ENDING JUNE 30, 1894—Ore crushed during the
period : 29,858 tons, at a total cost of £63,878, equal to 42s. 9d. per ton. The high cost is partly
due to sorting out about 33}; per cent. of waste rock. The total gold produced had a value of
£88,724. The net result of working during the above 18 months shows a profit of £13,502.
Snu'rrmc DOWN or M1u..-—The 40-stamp and battery was shut down in December, 1894.
The reason given is the short fall in the development, it being stated that the ore reserves only
amounted to 20,000 tons, and that the fault in the 2nd and 3rd level seriously interfered with the
development. The policy of the Company is to develop sufficient ore for permanently supplying
a 100-stamp battery.

VIOLET CONSOLIDATED GOLD MINING COMPANY, LIMITED.

Formed in March, 1894.
CAPITAL—£600,000 in £1 shares ; all issued and fully paid up.
Directors.
J. C. A. Hnnnnason (alternate W. P. Hnnnnasos) (Chairman), Ronna'r Anson‘, C. J. TAP?
(alternate Hanna»: LANDAU), R. A. Tinssniv, and J. H. van RYN (alternate J. M. Pmnnnvrrz)
Secretary and Oficc.
J. F. Assoc‘, 85, Gracechurch Street, E0.
CAPITAL CHANG AND Finances—Tho capital was formerly £200,000, with £150,000 issued ;
but early in 1895 it was raised to £600,000. £450,000 of this represents the cost of the properties
acquired, and £150,000 has been provided for working capital.
PRoPERrv.—847 claims on the farm Luipaard’s Vlei, Witwatersrand, and 16% claims on the
farm Waterval, Witwatersrand. The latter were formerly the property of the Queen Gold Min
 IVITIVA TERSRAND MINES. 437

ing Company. The Luipaard’s Vlei claims form a block of irregular shape to the south of the \Vest
Rand Mines, and to the south-west of the Lancaster Gold Mining Company’s ground. They are
18 miles west of Johannesburg and 1-;_ miles east of Krugersdorp. They comprise the blocks
known as the Violet, Violet East, Violet Deep Level, Eisenberg, Vulcan Deep Level, "ulcan East,
Hudson, Standard First Dip, Standard Deep Level, and Botha’s Deep Level, and the blocks for
merly belonging to the South African Trust and Finance Company and Messrs. Hodson 8t Perrins.
MINING INTELLroENcE—Reefs : The property is a deep level one as regards the Botha’s Reef,
and has the Violet (Battery), West Battery, Monarch, and White Reefs outcropping within its
borders. There are a large number of reefs and leaders on or to the north of the property, and as
these are all on the curve the strike varies, the reefs dipping south at the eastern end of the pro
perty, and gradually changing to east as the western and southern boundaries are approached. To
the north of the property there are outcroppings of six series of banket reefs, dipping in a southerly
direction under the claims. The most northerly of these is the Botha’s Reef, which outcrops 2,700
ft. north of the boundary, and has a dip of 25°. This reef may be cut at a depth of 1,000 ft. at the
northern boundary. A second reef is 600 ft. south of the Botha’s Reef, and is 2 ft. 6 in. wide; a
third reef is 340 ft. south of the second; and a fourth reef is 70 ft. south of the third, and is 2 ft.
Wide, giving merely a “colour” at the surface. A fifth reef outcrops 450 ft. south of the fourth,
(ii at an angle of 20°, and should be struck at the ‘northern boundary at a depth of 500 ft. It is
6 wide at the surface, and is developed to a depth of 100 ft., where it is 9 ft. wide. Its
value is about 8 dwt. of free gold per ton. The sixth reef is 40 ft. south of the fifth, dips at an
angle of 20°, and should be struck at a depth of 450 ft. It is 2 ft. wide, and at the surface gives
an average of 15 dwt. of free gold per ton, the pannings going up to 2 oz. These six reefs, as
stated, outcrop outside of the Company’s property, but dip into it at various depths. The seventh
reef outcrops on the property, is 2 ft. wide, and is undeveloped, and no value is at present attached
to it. The eighth reef (the Standard Reef) is 320 ft. south of the seventh. It is 2 ft. 6 in. thick
at the surface, widens to 6 ft. at a depth of 100 ft., and assays 10 dwt. per ton. The ninth reef is
3 ft. wide, is accompanied by stringers and leaders, and at the outcrop gives 8 dwt. of free gold per
ton. The tenth reef is the Violet or Battery Reef—the most important on the property. It is poor
at the upper part, but increases in value with depth. The first level at 116 ft. (on the incline)
gives 4 dwt. per ton, and at a point 42 ft. above the 154 ft. level (vertical) it assays 9 dwt. At the
154 ft. level west the reef runs 13 dwt. 12 gr. per ton, and in the same level east it gives up to 2
oz. 16 dwt. 12 gr. At the lowest level in the winze (328 ft. from the surface on the incline, and at
a point 254 ft. below the surface) ore from the drives has given up to 12 oz. 13 dwt. The Flora
block of 36 claims lies to the west of the Violet claims, and forms an extension on the Battery Reef.
The Vulcan Reef has been traced through the "ulcan Extension block, the Eisenberg and Vulcan
Deep Level forming the dip ground.
Dcvclopmcnt Work: On the Violet claims a main shaft 11 ft. x 5 ft. inside the timbers has
been sunk to a depth of 154 ft., and 1,057 ft. of drives have been made from the bottom. An in
cline shaft 8 ft. x5 ft. has been sunk for 244 ft., and 590 ft. of driving and 328 ft. of sinking,
rising and cross-cutting has been done. This work has exposed 40,000 tons of ore above the
154 ft. level. A winze has been sunk below this level upon the reef for 100 ft., and drives have
been made. On the Flora claims a vertical shaft has been sunk to a depth of 100 ft., and cross-cuts
have been made.
Water-rights: There is one water-right of 34 acres a mile away from the battery. A dam has
also been constructed at this point across the vlei for a distance of 250 yards. Another water-right
is 600 yards from the mine. The supply of water is said to be suflicient for 100 stamps.
MACHINERY.—20 stamps erected, 20 stamps unerected, and a cyanide plant, together with 10
stamps and a cyanide plant taken over from the Queen Gold Mining Company.

GENERAL REMARKs—From September, 1894, to March, 1895, 20 stamps crushed 5,333 tons of
Violet Reef ore for a yield of 1,629 oz., or 6'11 dwt. per ton; while the tailings, which were not
treated, assayed 4'25 dwt. per ton. These figures are only partly given in the Witwatersrand
Chamber of Mines returns at the end of this book. There are 12,000 tons of tailings on the ground.
It is proposed to continue active work on the Violet Reef, and, to a lesser extent, on the Flora
Reef, while diamond drills will be utilized for the purpose of finding and testing the reefs dipping
into the property. It is possible that subsidiary companies will be formed to take over portions of
the property. As regards the Queen Gold Mining Company claims, that Company crushed 4,430
tons during 1894 for a yield of 1,303 oz. (5'88 dwt. per ton), while 2,975 tons of tailings gave
333 oz. (2'22 dwt. per ton).
438 WIT WA TERSRAND MINES.

VOGELSTRUIS CONSOLIDATED DEEP MINES, LIMITED.

' Formed in July, 1895.
CAPITAL—£400,000 in £1 shares; £327,750 shares issued and fully paid up.

‘ Directors. _
H. J. KING (Chairman), C. S. GOLDMANN, G. Rouuo'r, C. R. KEHLER, and J. G. HAMILTON.
London Committee.
S. NEUMANN, 0. Russ, and T. MATESDORF.
Head Oflicc and Secretary.
W. T. GRAHAM, JEgis Buildings, Johannesburg, Transvaal.
London Secretary and Oflice.
J. SEEAR, 16, George Street, St. Swithin’s Lane, E.C.

. FINANCIAL HISTORY.—-Tlle Company was formed with a view to consolidating all the claim
Interests situated to the south of the Vogelstruis Estate and Gold Mines. It has a capital of
£365,750, distributed as follows :—
To the vendors £220,750
,, Working capital issued at 30s. 75,000
,, Reserve 70,000

£365,750
The following shows the respective claimholders :—
Vogelstruis Deep (excluding 25 claims which have been sold to
the Bantjes Consolidated Mines) 128'84 claims.
Johannesburg Consolidated Investment Company 1506 ,,
Abe Bailey .. 8'26 ,,
South Deep Level Syndicate 43'42 ,,
Kent Block 92'18 ,,
Total ' 287-76 77

During July, 1895, the capital was increased from £365,750 to £400,000 for the purpose of incor
porating the blocks of claims belonging to C. R. Kehler, of which 89 claims are held under mining
licenses, and 33 are held under water-right title; which brings the total area of Main Reef
claims up to 400 claims. The consideration paid to C. R. Kehler is 32,000 fully paid shares in the
Company, he also having a right to apply pro rata for his interest in the working capital at 305. per
share, and in the option on the 72,250 reserve shares at 40s.
WORKING CAPITAh—Includetl in the assets transferred by the Vogelstruis Deep to this
Company is £9,500 in cash. 75,000 shares have been issued at 308. The issue was guaranteed,
in consideration for which the guarantors receive an option for 15 months on the 72,250 reserve
shares at 408. The total working capital, when the reserve shares are taken up, will therefore be
£266,500. In addition thereto the Vogelstruis Consolidated Deep, outside their property of 400
claims, owned 25 claims, which have been sold to the Bantjes Consolidated Mines_for 16,700 shares,
which at their to-day’s value represents an additional asset of £85,000.
PROPERTY.—Consists of 400 claims, constituting the deep level of the Vogelstruis Estate Gold
Mines. The nearest point from the outcrop is about 1,200 to 1,400 ft. Taking the dip of the reef at
about 30° to 35°, the depth at which the reef is estimated to be struck is between 600 and 650 ft.
Water supply : The Company owns several water-rights which will give an ample water supply.
DEVELOPMENT—Plans have already been made for laying out the permanent works for
developing the mine. Two deep level shafts have been started.
MANAGEMEN'n—The late manager of the Vogelstruis Estate has taken over the management of
this property.
 W'ITIVA TERSRA ND MINES. V

VOGELSTRUIS DEEP, LIMITED.

Formed in January, 1895.
CAPITAL—£50,000 in £1 shares; all issued and fully paid up.
Directors.
0. S. GOLDMANN (Chairman), G. RICHARDS, and M. G. WILLIAMS.
Secretary and Head Oflice.
W. T. GRAHAM, ZEgis Buildings, Johannesburg, Transvaal.
CAPITAL—The vendors received £40,000 in shares, and the remaining 10,000 shares provided
a working capital of £10,000.
PROPERTY.—Th6 Company’s property consisted of 154-68 deep level claims situated to the
south of the Vogelstruis Estate and Bantjes properties.
SALE OF ASSETS.—On July 9, 1895, the Company unanimously decided to sell its assets to a
Company to be called the Vogelstruis Consolidated Deep Mines, having a capital of £400,000, of
whlch £145,000 shares are set aside for working capital. The Vogelstruis Deep receives 150,000
Vogelstruis Consolidated Mines, which is in the proportion of 3 Vogelstruis Consolidated Mines
to 1 Vogelstruis Deep. Of the £75,000 working capital to be issued at 308. the Vogelstruis Deep
shareholders have the right of applying for 45,000 shares at 30s., which is at the rate of {5th
Vogelstruis Consolidated Mines at 30s. for every Vogelstruis Deep. _
GENERAL REMARKs—Taking the present price of Vogelstruis Consolidated Deep at 80.9., old
Vogelstruis Deep shares work out as follows: 100 Vogelstruis Deep=300 Vogelstruis Consolidated
Mines at £4 = £1,200; 100 Vogelstruis Deep are entitled to 90 Vogelstruis Consolidated Mines
(at 303. per share) at £4=£360; total, £1,560; less cost of 90 Vogelstruis Consolidated Mines, at
308.=:£135. 100 Vogelstruis Deep shares with rights would therefore be worth £1,425, equal to
£14 58. per share.

VOGELSTRUIS ESTATES AND GOLD MINES, LIMITED.

Formed in October, 1893.
CAPITAL—£200,000 in £1 shares; all issued and fully paid up.
Directors.
SIR DONALD CURRIE, K.C.M.G., M.P., P. A. MOL'I‘ENO, J. S. MoRRIsoN, and J. S. PRINCE.
Johannesburg Committee.
J. A. ROGER and H. W. STRUBEN.
Secretary and Oflire.
W. CECIL STRONGE, 317-319, Winchester House, Old Broad Street, E.C.
CAPITAL—Th6 property was formerly in the possession of the Vogelstruis Gold Mining
Company, which got into difficulties. The property was, in July, 1893, sold to the debenture
holders, who agreed to pay £10,000 to the shareholders and to pay off the liabilities and the costs
of liquidation. As the liabilities are supposed to have amounted to about £80,000, the purchase
money- was really about £90,000. The old shareholders received a return of Is. 4d. per share as
the result of the sale. The property was sold by the debenture-holders to the prisent Company
for 100,000 shares, and 50,000 shares were issued at par, giving £50,000 of wor ' g capital. In
Ma68180é895, the remaining 50,000 shares were issued at £3, making the total working capital
£2 , .
DESCRIPTION OF THE PROPERTY.——The Company owns the freehold of the farm Vogelstruis
fontein, in extent about 1,524 morgen, 83 roods. A mynpacht on the farm, equal to 249 morgen, is
the mining area of the Company. It also owns a homestead and reserve with the township of
Hamburg, and 2 water-rights with an ample supply of water. It is situated about 9 miles west of
Johannesburg, and bounded on the east by the Bantjes Consolidated, and on the west by the
Kimberley Roodepoort Gold Mining Company. The Main Reef series traverses the mynpacht for a
distance of 6,000 Cape ft., the distance to the south boundary being 2,500 ft. at the west end of
the property, 1,750 ft. in the centre, and 1,150 ft. at the east end. Approximately there are 179
mining claims.
MINING INTELLIGENCE.— Reefs : The reefs being developed are the Main Reef, Main Reef Leader,
and South Reef. Dip of the reef: At surface about 40°. Mining Development: The mine is
being developed by means of 2 incline shafts. The western shaft, No. 1, is about 960 ft. from
the west boundary, and has been sunk on the Main Reef. Depth of shaft (middle of June, 1895),
 440 WITWA TERSRA ND MINES.

268 ft. The bottom of the shaft was still in brown ore. The lst level was opened at 136 ft. on the
incline, and the South Reef level was driven upon for 424 ft. east and 366 ft. west. It is estimated
that the reef throughout the level is worth 11 dwt. to 12 dwt. free gold for a stoping width of 2 ft.
At the 1st level the Main Reef Leader driven upon east (June, 1895) 346 ft., west 352 ft.; total,
698; considered to be worth 7 dwt. free gold for a width of 2 ft. The No. 1 shaft is 15x5 ft.
in the clear; dip about 44°. The South Reef is reached by a cross-cut south, 120 ft. in length.
No. 2 incline shaft is situated 1,380 ft. east of No. 1 shaft. It measures 15 ft. x 5 in. the clear, and
dips at an angle of 40° ; it is sunk on the Main Reef. This shaft has been sunk to a depth of 168 ft.
(June, 1895). The first level cross-cut intersected the South Reef at a distance of 168 ft., and the
reef has been driven upon 12 ft. east and west. Nothing has been done on the Main Reef Leader
as yet. Between No. 2 shaft and the eastern boundary the reef has been exposed at various points.
In a winze 780 ft. east of No. 2 shaft the South Reef is exposed and pans satisfactorily.
EQUIPMENT.—At No. 1 shaft, new timber head-frame 40 ft. high, new winding engine and
boiler by Tangye, 2O h.p. steam pump 6-in. Tangye. A duplicate of the former is erected at No. 2
shaft. Battery : Consists of 20 stamps (Sandycroft, 750 1b.), and 3. Blake Marsden crusher. The
distance from the mine to the battery is about half a mile.
ESTATE—From the town of Hamburg the Company derives part of its revenue, and also from
claim licenses.

VULCAN GOLD MINING COMPANY, LIMITED.

Formed in January, 1893.
CAPITAL—£95,000 in £1 shares; 90,000 issued and fully paid up.
Directors.
A. P. GALLWEY, Chairman (alternate E. D. Csrs'rnn), J. J. SHERWELI. (alternate H. ADLER),
J. W; PEIRSON, A. G. JUDD, L. L. PLAYFORD, and F. LowREY.
Secretary and Ofiice.
JOHN HALLIDAY, 16, Mercantile Buildings, Johannesburg.
APPROPRIATION 0F CAPITAL.—-w,(x)o shares to vendors ; 10,000 shares subscribed at par, giving
.41 working capital of £10,000 ; 5,000 reserve shares ; total, £95,000.
FINANCIAL POSITION.—In June, 1895, the Company had about £4,400 cash in hand, of which
. amount £4,000 was on loan to the Champ d’Or Deep Level Company, at 5 per cent. interest.
Aoooums—The accounts are made u to December 31, and submitted in January. The first
accounts issued to Dec. 31, 1893, show a ebit balance to profit and loss account of £889 183. 7d. ;
but this amount is almost entirely made up by the preliminary expenses connected with the
formation of the Company, the obtaining of titles, starting of work, etc., etc. The year follow
ing showed a debit balance of £2,568 113. 1111., or an increase of £1,678 12s. 6d. over the previous
year. During that period Work was stopped in February, and consequently the above amount
must be put down to maintenance and general expenses in connection with keeping the property
intact and the plant in good order. The whole of the revenue derived by the Company during its
producing stage amounted to: In 1893, from gold account 93004 oz., realizing £3,292 23. 911.;
tailings sold, 5,000 tons, £532 113. 5d. ; interest, £210 193. 2d. In 1894, gold account, 291-41 oz.,
realizing £1,047 163. 8d. ; tailings sold, £50; interest and rent, £120 63. Total, £5,253 163.
Balance-sheet and profit and loss account as at December 31, 1894.
Balance-sheet.
_ LinI/ililh-s. £ a. d. Assets. £ 8. d
‘To Capital account 95,000 0 0 By Property 77,200 0 0
Less reserve 5,000 0 0 ,, Buildings 690 1 4
,, Stores 52 10 6
,, Machinery and plant 3,111 18 0
,, Furniture . 68 15 10
,, Permanent works 492 17 6
,, Mine development 1,000 O 0
,, Sundry debtors 4,035 9 5
,, Cash at bank 779 16 4
,, Profit and loss balance 2,568 11 1

£90,000 0 0 £90,000 0 0
 IVITIVA TERSRAND MINES. 441

Profit and Loss Account for the year 1894.

Dr. £ 3. d. 1 Cr. 56 s. d.
To Balance 889 18 7 By Gold account: 291'41 oz. 1,047 16 8
,, Mining and other expenses 2,897 5 2 ,, Interest 112 6 0
,, Tailings sold 50 O 0
,, Rent 8 10 0
,, Balance 2,568 11 1
£‘ ,7 7 3 9 £3,787 3 9
DETAILS OF PRODUCTION. -—The Company has a Iii-stamp mill, and crushed in 1893, during 73
days, 3,703 tons of ore yielding 920-04 oz. of gold, or 5'05 dwt. per ton; in 1894, during about 30
days, 1,681 tons of ore yielding 291'41 oz. of gold, or 3'45 dwt. per ton. Total, 5,384 tons of ore
yielding 1221'45 that
it is anticipated oz. of the
gold, or 453
yield willdwt., average perThe
be increased. ton. tailings
By working
whichconsiderabl narrower
were soldy had stopes
an average
value of 4 dwt. per ton. The working costs were kept very low, and were as follows: For
mining, 83. 6d. per ton; for transport, 23. 2d. ; and for milling, 5s. 3d. ; total, 153. 11d. per ton.
It was expected that between 7 and 8 dwt. will be obtained from the plates, and when the
Company started crushing the yield was between 6 and 7 dwt.
DESCRIPTION OF THE PROPERTY.—The property consists of 95 mining claims on the farm
Rietvlei and two water-rights. The property is located about three miles south of Krugersdorp,
Witwatersrand. The reefs contained in the claims belong to the Battery Reef series. Part of the
property belonged formerly to the Vera Consolidated Gold Mining Company, Limited, and was
bought, together with some additional claims, for 80,000 fully paid up shares, as before mentioned.
MINING INTELLIGENCE—Two more incline shafts have been sunk to depths of 196 ft. and 285
ft. respectively. There has been much difficulty with the influx of water, causing a fall of ground.
The nature of the reef is very erratic and patchy, which accounts for the fluctuations in the
yield. It is hoped that the portion formerly belonging to the Vera Company, which hitherto
has not been worked, will prove more regular in character. Work, however, has not yet been
resumed.

WEMMER GOLD MINING COMPANY, LIMITED.

Formed in 1887.
CAPITAL—£55,000 in £1 shares ; all issued and fully paid up.
Directors. '
G. H. Goon (Chairman), ADOLPHE WAGNER, JonN DIxoN (alternate G. IMRorn), JOHN KosTER,
GEO. Ronuoa' (alternate W. ST. JOHN CARR), C. S. GOLDMANN, and F. voN HrssER'r.
London Committee.
ROBERT WHYTE, and W. A. TOLL.
Secretary and Head Ofiice.
GEORGE HEssE, Bettelheim Buildings, Johannesburg, Transvaal.
London Secretaries and Oflice.
ROBERT WHYTE & Co., 19, Bury Street, St. Mary Axe, EC.
CAPITAL CHANGEs—Original capital, £12,000, of which 2,000 shares were held in reserve. In
October, 1887, the 2,000 shares were distributed among the shareholders at the rate of I reserve
share for every 5 in the Company. In October, 1887, an amalgamation took place between the
Wemmer Company and the Wemmer Extension Gold Mining Company, on the following basis:
Old Wemmer Gold Mining Company, £12,000, \Vemmer Extension, £16,000; increased capital,
£28,000. In consideration of the 16,000 shares the Wemmer Extension Company handed over all
its assets, consisting of £1,100 cash and a 10-stamp battery, to the amalgamated Company. On
March 28,1888, the capital was again increased from £28,000 to £33,000, by the creation of
5,000 shares. The reserve placed on these was £5 per share. This price not being then obtainable,
992 shares were sold, realizing £2,004, 2,008 realized £4,902, and 2,000 realized £14,000 on
November 16, 1888. At the beginning of 1889 the capital was again increased from £33,000 to
£40,000 by the creation of 7,000 new shares, 5,000 of which were sold in 1889, realizing £22,000,
and leaving £2,000 shares in reserve. In 1890 300 of these shares were sold for £1,500, leaving
1,700 shares in reserve. On September 24, 1890, in order to meet all liabilities, and to continue
development, the capital was increased from £40,000 to £55,000 by the creation of 15,000 new
shares. Of the 16,700 shares unissued, 8,000 shares were sold at a profit of £12,000, and the
remaining 8,700 shares were issued to shareholders at 503. each, giving a profit of £13,050: which
amount was credited for a time to No. 2 profit and loss account, but was ultimately in February,
1894, carried to the ordinary profit and loss account, to meet a deficit in the hulf-year’s working.
442 WI TWA TERSRAND MINES.

Accons'rs— Made up half-yearly to February 28 and August 31. Monthly reports are
issued to shareholders.
The accounts for the half-year ending February 28, 1891, show :—
£ 3. d.
By Gold produced during half-year 16,399 12 7
,, Profit on 8,000 shares sold ... 12,000 0 0

£28,399 12 7
To Cost of mining and milling, inclusive of mine development 21,767 14 6
Profit for the half-year £6,631 18 1
The accounts for the half-year ending August 31, 1891, show :—
By Gold produced during half-year £22,451 5 5
,, Profit on operations of the Adair Cruickshank Co. 753 2 6
£23,204 7 11
To Cost of mining and milling, including maintenance, £1,074, and depreciation,
£1,924... 18,799 19 10
Profitforhalf-year £4,404 8 1
The amounts for the half-year ending August 31, 1892, show :—
By Gold produced during half-year mill... £29,741 13 7
,, Sale of concentrates 2,308 10 8
a, ___ - 32,050 4 3
,, Rent and interest received 191 8 2

£32,241 12 5
To Cost of milling and mining, including development redemption £23,280 14 4 ,
,, Depreciation 3,278 7 3
I _.____ 26,559 1 7
Profit for half-year £5,682 10 10
The accounts for the ~half-year ending February 28, 1893, show :— a- T 0
By Gold produced during half-year, mill £35,174 1 3
,, Sale of concentrates 4,136 18 0
39,310 19 3
,, Rent and interest received 180 4 SI

,, Tailings account—tailings paid up to date 39,491 4 0

To Cost of mining and milling 2,433 17 0
_ £41,925 0
Including mine development £27,634 12 11
-,, Depreciation ... 2,235 5 9
£29,869 18 8 29,869 18 8
Profit for the half-year, or 21 per cent. on the capital £12,055 2 4
The accounts for the half-year ending August 31, 1893, show :— if i I D

By Gold produced during half-year, mill £42,309 19 6

,, Tailings account . .. 6,986 0 0
,, Concentrates account 6,427 18 4
,, Rent account 12 10 0
_ . _ 55,736 7 10
To Cost of mining, milling development £30,665 19 11
,, Generalcharges 3,286 12 11
,, Depreciation... 2,369 6 6
__ 36,321 19 4
Profit for the half-year, or 33 per cent. on the capital £19,414 8875
 WITWA TERSRAND MINES. 443

The accounts for half-year ending February 28, 1894, show :— £ 8. d.

By Gold produced, 12,029'95 oz. £43,773 3 1
,, Concentrates account... 6,639 6 0
,, Tailings account 2,375 0 0

£52,787 9 1
,, Rent account 42 10 0
52,829 19 1
To Working expenditure—
Mining account, £20,499; milling, £6,731 ; mine
development, £7,556 ; water supply, £932 £37,687 16 O
,, General charges 2,938 16 0
,, Depreciation 938 11 4
41,565 3 4

Profit for half-year £11,264 15 9

Special depreciation—machinery, plant, and shaft—written ofi' 25,140 18 1

Net loss on half-year’s operations, equal to a. loss of 22 per cent. £13,876 2 4

The accounts for half-year ending August 31, 1894, show :—

By Gold account, 16,659'6 oz. £60,453 19 6
,, Concentrates account 9,185 7 1
,, Rent account 85 O 0
____—_ 69,724 6 7
To Working expenditure—
Mining £29,538 18 7
Milling 9,439 9 11
Mine development redemption 10,103 12 0

£49,082 0 6
,, General charges 3,590 5 5
,, Special depreciation 6,920 17 0
59,593 2 11

Profit for the half-year, or 36 per cent. per annum £10,131 3 8

The accounts for half-year ending February 28, 1895, show :— 0 ~ 0

By Gold account, 19,110-21 oz. £69,813 19 7
,, Cyanide gold, 4247'15 oz. 13,212 16 8
,, Concentrates account, 800 tons 16,090 19 3
,, Rents and tailings account 151 5 0
99,269 0 6
To Working expenditure—
Mining development and sorting account £32,603 11 1
Milling ex uses 9,146 15 1
Mine deve opment redemption 10,337 5 O
Cyanide working expenditure 4,609 18 6
General charges 3,707 14 7
Special depreciation 5,748 1 10
Forfeited dividends 5 0 0
4__. is . _ 66,158 6 1

Profit for the half-year, or 120 per cent. per annum £33,110 14 5
444 WITIVA TERSRAND MINES.

Balance-shed, 1"(bruary 28, 1895.

Liabilities. £ 5. d l Assets. £ a. d.
..1
1—
By Capital account 55,000
3,365 0
3,740 0 ! To
9 3
7 4 Claim account
,, Machinery
\Vater-right
and
account
plant account, 20,274 19
,, Sundry
Unclaimed
Profit and
employés
creditors
loss
dividends
balanced .. 376 14
22 5 9 | with additions during 1894
93,062 17 1 51 ,, New
and tramway
1895 account and 19,520 0 0
tram men. Less 8 per
,, New
cent.
battery
depreciation
account. Less 1,791 5 9
4 per cent. depreciation... 34,024 12 6
,, Cyanide plant. Less 10 per
cent. depreciation 6,850 7 0
,, Mine de
velopment
account £35,976 10 11
,, Less de
velopment
redemption 12,176 10 11
23,800 0 0
| ,, New
Vertical
incline
mainshaft.
shaft Less 10 1,407 6 11
77
per cent. depreciation .. 16,881 10 0
,, Buildings account. Less 10
per cent. depreciation 6,236 14 10
in Office furniture, live stock
1 account. Less deprecia
1 tion . 628 15 0
,, Sundry assets 3,988 5 3
,, Cash... 19,404 8 0
£155,190 19 5 £155,190 19 5

Profit and Loss Account for file half-year to February 28, 1895.

Expenditure £ 8_ (1_ Revenue. £ 8.

By Working expenditure, min To Balance forward 59,952 12 91
ocwooqm
ing and development ac 32,603 11 1 I1 ,, Cyanide gold accoun
Gold account 69,813 19
count .. . 13,212 16
,, Milling expenses .. 9,146 15 1 ,, Concentrates account 16,090 19
,, Mine development redemp ,, Tailings account 50 0
tion (29,535 tons at 79.)... 10,337 5 O ,, Rent account 101 5
,, Cyanide works expenditure 4,609 18 6
,, General charges 3,707 14 7 1
,, Special depreciation
,, Balance 5,753 11 10 i
93,062 17 1

£159,221 13 2 1 £159,221 13 2
 __.-__ - _
, Zep- |,',~~ ,_\
1": 5;", ’‘’*'-Y\
UN I‘? EI-IEIT Y
CAME: “MA

WI TWA TERSRA 1w MINES. 445

Accounts for March, 1895.
£ a. d. £ a. (I.
By Gold account, 4268'45 oz. 15,565 6 2
,, Cyanide gold, 1447'88 oz. 4,480 O O
,, Value of March concentrates 3,100 0 O
,, Surplus on February concentrates 129 19 4
f f 23,275 5 6
To Mining account 5,672 15 11
,, Milling account 1,423 15 2
,, General charges 497 18 4
,, Redemption account... 1,856 8 0
,, Cyanide 735 18 3
~ —— — 10,186 15 8

Profit for the month £13,088 9 10:28.1 per cent. per annum.

Accounts for April, 1895.

£ 8. d. .6 s. (1.
By Gold account, 3678'35 oz. 13,454 11 11
,, Cyanide, 976'3 oz. 3,002 19 2
,, Concentrates... 2,714 17 6
._ __ 19,172 8 7
To Mining 5,432 19 11
,, Milling 1,633 12 3
,, General charges 436 10 5
,, Development and redemption 1,685 12 0
,, Cyanide works 866 17 8
»W_ .~~-- 10,055 12 3

Profit for the month £9,116 16 4:199 per cent. per annum.

Accounts for May, 1895.

£ a. (1. £ 8 d £ .9 d
By Gold account, 4532 oz. realized 16,575 1 ’ 9
,, Cyanide gold, 1502 oz. 4,613 5 3
,, Value, May concentrates 3,130 0 0 24,319 2 O

s. d.
To Mining and sorting, 11,132 tons 10 6'88 5,885 8 8
,, Reduction expenses, 6,417 ,,
,, Crushing ore 4 3'23
,, Concentration 1 0'80
,, Tailing wheel .. 0 0'60
,, Electric lighting 0 1'70
,, Rock breaking at shaft 0 6'42
,, Transport of ore to mill 0 7'50 2,065 13 6
,, General charges, 6,417 tons 1 5'11
457 9 2
,, ,, cost per ton 18 8'24
,, Development redemption, 6,417 tons 7
- ‘ 2,245 19 O
25 8'24
,, Cyanide works, 4,875 tons 3 7'97 893 6 2 11,547 16 6
29 621
Profit for the month, £12,771 5 6 =288 per cent. per annum.
446 PVITWA TERSRA ND MINES.

Accounts for June, 1895.

£ 8. cl. £ 8. d £ s. d.
By Gold account, 47,07'6 oz. 17,185 12 5
7!
Cyanide gold, 14,52'9 oz. 4,465 9 0
H
Estimated value of June concentrates 3,113 O 0
77
Surplus realized on April concentrates 189 3 0 24,953 4 5

s. d.
Ho Mining and sorting 10,042 tons 11 3'03 per ton=5,650 4 7
wyivgu qd
Reduction expenses, 6,500 ,,
Crushing ore 3 8'38
Concentration 0 10'91
Tailings wheel 0 0'67
Electric lighting 0 1'94
Rock breaking O 7'80
Transport of ore to mil 0 5'34 1,924 13 0
_.~<‘. _<\.~
General charge, 6,500 tons 1 4'60 449 16 3

‘-
,, Cost per ton 18 6'67
Development redemption, 6,500 tons... 7
2,275 O 0
25 6'67
Cyanide works, 4,375 tons 3 8'46 810 11 3

Cost per ton . 29 313 11,110 5 9 11,110 5 1

Profit for the month, £13,842 188. 8d. =3OO per cent. per annurn.

Accounts for July, 1895

£ .9. £ 8. d. £ 1:. d. ’
Gold account, 4898-45 oz realized 17,921 13 10
Cyanide gold, 1533-2 oz. 4,818 2 8
July concentrates ... ' 3,223 13 4
—— 25,963 9 10
s. (1.
Mining expenses, 10,897 tons 11 3'68 6,160 9 10
\I \I \I~Q\I Reduction ,, 6,800 ,,
Crushing ore 4 3'39
-~._ ~.q~.-¢
Concentration 1 0'15
Tailing wheel 0 0'55
Electric lighting O 2'18
Rock breaking . 0 5'62
Transport of ore to mill 0 5'78 2,201 6 5
General charges, 6,800 tons 1 366 443 16 0
19 1'01
Development redemption, 6,800 tons 7
_ 26 1'01 2380 O O
Cyanide works, 4,750 tons 3 3'79 787 13 1 11,973 5 4

29 480
Profit for July, £13,990 48. 6d. =310 per cent. per annum.
 IVITIVA TERSRAND MINES. 447

DIVIDENDS :—

Dlxi'd‘gnd. Declared. l Rigger Amiga?" i Total amount paid. Issued capital.

1887. 1— ~ 1»: 8. a. £
1 July 23 F 40 1 at. , 4,000 0 0 10,000
2 Nov. 8 l 7 l Is. 2?, . 1,960 0 0 28,000
3 Nov. 29 5 18. ! 1,400 0 0 28,000
4 Dec. 20 5 1 Is. ‘ 1,400 0 0 28,000
1888. ‘ '
5 January 1 5 1 s. l 1,400 0 0 28,000
6 Oct. 31 , 5 l 18. 1,550 0 0 81,000
7 Dec. 6 5 l 18. 1 1,650 0 0 33,000
1889. ‘
8 Jan. 14 5 l ls. 1,650 0 0 33,000
9 Feb. 7. 10 28. 3,300 0 0 33,000
1891.
10 November l 10 2s. , 4,630 0 0 46,300
1895. I i
11 , June 30 ' 100 208. | 55,000 0 0 55,000

l‘ ‘ 197 _ 3032M.— l‘ £77,940 0 0 l'

TOTAL CAPITAL nvvm'rnn is THE WEMMER MINE.—
By increase of capital and sale of reserve shares £86,154
Profit for half-year ending August 31, 1891 £4,404
,, ,, year ,, August 31,1892 11,000
,, ,, half-year ,, February 28, 1893 12,055
,, ,, ,, ,, August 31, ,, 19,414
,, ,, ,, ,, February 28, 1894 11,264
,, ,, ,, ,, August 31, ,, 10,131
,, ,, ,, ,, February 28, 1895 33,110
101,378
£187,532
Less dividends paid . £22,940
Balance cash in hand, February 28, 1895 13,000
35,940
Total capital sunk into the mine and not yet redeemed £151,592
PROPERTY.—Consists of 20 claims on the Main Reef series, of which 10 are on the strike of the
reef and the remaining 10 immediately adjoining to the south. Situated between the Ferreira and
Salisbury Gold Mining Companies, on the farm Turfi'ontein. In addition to this mining area, the
Company owns 23 deep level claims (as yet untouched) and 17 Bewaarplaatsen, equal to about 11
claims, making 34 claims in all, which stretch in a line of claims from 2,000 ft. south of the
outcrop down to the Company’s battery and water-right (see plans in Vol. 111.). These deep level
claims are bounded on the east by the Rand Mines, and on the west by the Goldfields Deep.
MINING INTELLIGENCE—Mine Development: The mine is being worked by a main incline
shaft, situated 840 ft. from the east boundary, and about a similar distance from the west boundary
(actually 666 ft.). The main incline has reached a depth of 975 ft. in the incline (March, 1895), or
828 ft. vertically. This shaft is carried down on the South Reef. During September, 1894, the
830 ft. station was cut, and the east and west drives started. During the year ending March, 1895,
the main operations of development were carried on at the 5th, 6th, 7th, and 8th levels in the
South Reef '; and at the 2nd, 3rd, 4th, 5th, and 6th levels in the Main Reef leader. The levels have
been opened at the following depth on the incline :—
lst level 125 ft. 5th level 500 ft.
2nd ,, 200,, 6th ,, 020 ,,
grill ,, 300,, 7th ,, 720 ,,
t ,, 400,, . 8th,, 830,,
448 WI 7 WA TERSRA ND MINES.
These levels are on the South Reef ; the distance to the Main Reef leader being from 40 to 50 ft.,
while the Main Reef is 50 ft. behind the leader. Down to the 5th level the full distances to the
boundaries have been driven—
While on the South Reef, 5th level has been driven 1,504 ft. 6 in. (March, 1895).
n n (it n n 1,368 n 6 n n 11
n 17 7th 77 n 923 n n n
n 71 8th 11 11 262 11 6 n n 7: east of
the main shaft, and 234 ft. 6 in. west of main shaft ; total driven, 497 ft.
South Reef: The average width of the reef driving westwards is 81- in.; its average value,
15 oz. 19 dwt. per ton. Eastward in the same level (8th level) the reef exposed is somewhat
larger, averaging 11% in. Its average value is 5 oz. 13 dwt. gold per ton.
Main Raf Leader .
Drives on 2nd level; total, 684 ft. 6 in. (March, 1895)
77 77 77 77 77 77
77 77 77 77 6 77 77 77
77 77 77 77 6 77 77 77

77 77 77 77 77 77

From 326 samples taken from the Main Reef Leader drives, an average assay value of 2 oz. 18 dwt.
per ton was obtained. Average thickness of reef, 14 in.
Main Reef .' Operations have been restricted to the 2nd, 3rd, and 4th levels. During the year
ending February, 1895, the 2nd level was extended 57 ft. 6 in. Average width of reef exposed,
3 ft. 4.1; in.; average assay value 11 dwt. per ton. The 3rd level has been extended 21 ft. 6 in.
The average value of the reef in this level is 13 dwt. per ton ; thickness of reef, 4 ft. 9 in. The
4th level has been extended 45 ft. Average width of reef, 5 ft. 2 in.; average assay value
8 dwt. 22 gr. per ton. To further develop the Main Reef in depth a cross-cut at the 7th level is
being put in. This cross-cut will serve also to develop the Main Reef Leader, which in the pro
perty lies midway between the South Reef and Main Reef, the total distance from South to Main
Reef being about 140 ft.
Ore-Reserves: A considerable increase in the ore-reserves has been effected during the last
two half-years.
At February 28, 1893, the ore reserves stood at 39,629'96 tons.
,, August 31, 1893, ,, ,, 41,423 ,,
,, February 28,1894, ,, ,, 50,018 ,,
,, August 31, 1894, the ore, taking a milling
width of 2 ft., stood at—
South Reef 40,000 tons.
Main Reef Leader... 38,766 ,,
Main Reef 1,475 ,,
~ 80,241 ,, which is an in;
[crease over the previous half-year of 30,223 tons.
At February 28, 1895, the ore-revenues stood at, taking a milling width of 2 ft.—
South Reef 40,297'5 tons.
Main Reef Leader 61,012'0 ,,
Main Reef 6,7075 7
108,017 tons, which is an increase over the pre
[vious half-year of 27,776 tons.
108,017 tons developed is equal to 68,000 tons of clean reef for the mill after sorting out the waste
rock. This is equal to a 13 months’ ore supply.
Sorting System: As at the Ferreira property, Mr. J. Harry Johns, the late manager of the
\Vemmer Gold Mining Company, introduced a regular sorting system, whereby all the barren rock,
which hitherto passed through the mill, was sorted out and not put through the mill. This has
answered most satisfactorily :—
Percentage of
During half-year Sorted out waste rock
ending tons. sorted out.
February, 1893, 12,347 tons were mined, of which 10,822 were milled 1,525 16 per cent.
August, 1893, 15,344 ,, ,, 12,913 ,, 2,431 16'66 ,,
February, 1894, 25,103 18,891 ,, 6,997 27'8 ,,
August, 1894, 42,673 ‘,1 1: 27,640 ,, 14,998 35-14 ,,
February, 1895, 49,573 ,, ,, 29,535 ,, 18,737 3757 ,,
 WI TWA TERSRA ND MINES. 449
Owing to the adoption of the sorting system the yield of the ore crushed has proportionately
increased.
The following shows the gradual improvement in the yield of ore over the plates since Septem
ber 1894 :—
’ September, 1894. Yield 9-99 dwt. per ton (40 stamps).
October, ,, ,, 10 80 n H
November, ,, ,, 12'17 ,, ,,
December, ,, ,, 15-89 ” "
January, 1895. ,, 13'93 ,, ,,
February, ,, ,, 14-13 H ”
118x911’ ” 77 H 11
April, ,, ,, 15-31 7, H
May, ,, ,, 14'12 ,, (50 stamps).
June1 11 11 14.48 11 11
July1 11 11 1440 11 11
The yield for May shows a slight decrease, which is due to crushing more Main Reef, for which
purpose the milling power was increased from 40 to 50 stamps. The general improvement in the
yield is partly due to closer sorting, and partly to the fact that the mill has been supplied with
rock from the richer stopes in the lower levels.
f gonccntrates : The concentrates, caught, and their value, since the beginning of the year are
as o ows :—
January, 1895 6 oz. 18 dwt. per ton. 146 tons caught.
February, ,, 5 ,, 10 ,, 140 ,,
March, ,, 5 ,, 5 ,, 200 ,,
April, ,, 4 ,, 2 ,, 212 ,,
luayi 11 4 11 10 11 240 11
June, ,, 5 ,, 10 ,, 200 ,,
July, ,, 5 ,, O ,, .. 210 ,,
\VORKING COSTS—The total working costs for the half-year ending February, 1895, including
cyaniding, amounted to 33s. 7'79d. per ton. The following tables show the gradual reduction in
working expenses.

Comparative Statement of Working Costs for——

'
Half-year ending . . 28, 1894.
Februmy Half- y ear31’ending
1894. August Half-year28,
February ending
1895'

Account. Tons. ‘ Cost. Cost

per ton. Tons. Cost. Cost
per ton_ Tons. Cost. Cost
per ton.

l i a. d. £ u. (1. £1 a. (1.
Mining 125,103i20,499 16 3'99 42,673'5 29,538 13 1012 49,573 32,603 13 1.85
Milling 18,892. 8,698 9 2'5 27,640-5 9,439 6 9'96 29,535 9,146 6 231
Development re- . -
Charges, genersili...
demption 2,938 83 0'0
} 18,892 7,556 1.33 27,640'5
27,6405 10,803
3,590 72 380
7-17 29,535
29,335 10,337
3,707 72 00
313
Water 332 11-85
| ' ’ l—
Totalcost 37 7-67 705' 2810-2911
M no |__ ‘1 , , a,” 7-“
Cyanide works 0 0 O 0 19,250 4,609 4 9'50
- - i ‘ nfl | Total cost per
T°ta1d§§st per ml‘ w‘thm‘t cy‘m‘d'} 37 7-67 30 705 ton with} 33 779
g cyaniding

* This shows a reduction of 7s. per ton over the previous half-year.
1- '1‘his shows a. further reduction of la. 8-76d. per ton over the previous half-year.
VOL. I. G G
450 W] TWA TERSRAND MINES.

Table showing Working Costs for 7 Months, January to July, 1895.

January. February. Murcln1 April. I May. 1 June. l July.
I
f _ i l_—
40 stamps. 40 stamps.:40 stamps.i40 stamps. 50 stamps.;50 stamps.'50 stamps.

Tons crushed 5,000 4,912 ‘7 5,304 4,816 6,417 10,042 10,897

Tons mined... 8,717 8,374 8,578 8,692 11,132 6,500 6,800
Tonnage treated by cyanide 4,375 3,625 I 4,125 4,250 4,876 4,375 4,750

a. d. s. d. a. d. I. d. s. d. a. d. a. 11.
Mining account 2 '596 11 1101 13 2'71 12 5'46 10 6'88 11 3'03 11 3'68
Reduction expenses: .
Crushing ore 4 '031 3 7'73 3 4'8 4 5'54 4 0'23 3 8'38 4 3'39
Concentration 0 10'68 0 11'84 0 103 1 0'96 1 0'80 0 10'91 1 0'15
Electric lighting 0 3'31 0 1'62 0 1'51 0 2'30 0 1'70 0 0'67 0 0'55
Tailiugs wheel O 0'75 0 0'67 0 0'23 0 0'60 0 1'94 0 2'18
Rock breaking at shaft 0 7'98 0 5'75 0 6'98 0 6'98 0 6'42 0 7'80 0 5'62
granspprt ore to milll 0 0'71 0 5'41 0 4'81 0 5'37 0 7'50 0 5'34 0 5'78
enera
Salaries,char
6mges ' icenses
__ ’ 7 2 4'88 2 2'29 1 10'53 1 9'15 .- 1 5 , 11 1 .
460 1 .
366

Cost per ton... 20 4'937 19 1032 20 5'64 21 0'59 18 5'24 18 6'67 19 101
Development redemption 7 7 7 7 7 7 ‘ 7

27 4'937 2610'32 27 5'64 28 0'59 25 5'24 25 6'67 26 1'01

Cyanide works
3 2'47 3 8'07 3 6'81 4 0'95 3 7'97 3 8'46 3 3'79

Total working cost... 30 7407‘ 30 6'39 31 0'45 32 1'54 29 1'21 29 3'13 29 4'80

It will be noticed that the additional stamps have produced a further marked reduction in the
cost per ton.
Profit for the 7 months, January to July, 1895.
£ 8. d.
January 10,692 3 9
February 8,878 15 10
March 13,088 9 10
April 9,116 16 4
May 12,771 5 6
June 13,842 18 8
July 13,990 4 6
Total for 7 months £82,380 14 5; equal to £141,216 per annum,
—‘** which is at the rate of 256
per cent. per annum.
The last 3 months’ profits, May to July, are at the rate of 295 per cent. per annum. The July
profit is equal to 305 per cent. per annum. These figures, of course, are subject to allowances for
depreciation.
VALUE OF ORE—Table showing the value of ore from September, 1892, to July 31, 1895,
also mining, milling details, and recovery results :—
C'omparativc Statement : Fine Gold contained in Ore treated September, 1892, to August, 1894.
Fine gold won by Fine gold in concen- Fine 01d 16“ 1 Total line gold in ore
Amalgamation per ton [rates per ton of ore i ufmn treated. includilm cal‘
of ore milled. milled. n gs‘ culuted gold in tailings.

l‘eriodJ , 1
Value (in l 1
eluding Value Value I \alue
sllver) I I i
‘A W * __ _ if’ _l_‘/ iAi‘r

_ . dwt. gr. .1? a d. ‘dwt. gr. .2 n. d. dwt. Ir. .0 s. (l. I I

oz.dwt. m'.:£ d.
"a" Ymeudmgi‘ebmvrzs. 1693 15 10M 3 5 s-o-zm 2 13117-11010 2040 3 111-75 014 1'5 1 1 1271131410 0176
" “final-1891.. 13 11-130 3 0 47m‘ 2 23-491 101110'982 4 1'87 016 8-74 1 2 li-umau 71m
" -- Febfnm'lv 28.1891,‘ 15 17'245 2 6 8'98‘) 2 1'20? 0 8 2'63‘ 3 2l'68 015 7'10 017 16'092‘ 3 10 0'67‘
10 Anllustdl. 1894... )0 17‘33 2 4 6'62 2 9'593 ‘,0 9 7'78 4 07'38 I 816 1'6‘ 0 17 3'95 ,3 10 2'76
 11111.1. 1 11 . . . 1l|ll|i|rl
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a9? VAlJIAi GNVQISHHI 'SHA’IIY

For
month
For
month
1
June,
of
July, tons.!
ltons. 6,500
6,800 tons. 4'51 tons. 200 tons. 4,375
41,750 1,4529
1,5332 ‘21-277
21'330
5‘0I
50 hr.
d.
days. 4'69 4,7176
4,8984%’)ddwt.
wt. 2110 ltons. dwt.
20
28
29 oz.oz. l
dwt
oz.oz. 15
50, 1
oz.
oz.
1895.I1895.
1 l 1 l I

H48
1440

month
For 4,537'15 dwt.
oz.
May,
of
1895. 50
days
29
tons. 6,417 tons. 442
oz.
dwt. 14-12 tons. 240 4
10 tons. 4,875 0Z 1,502

For
month of
Avril,
Recovery
CMilling,
Mining,
of
and
details
STable
from
1892,
oe1895.
to
mJuly,
ptareamtbievre, 1895. days. tons. 4,816 dwt. 20587
40 28

For
month
March,
of 4,268-45 dwt.
oz. 1,447'88
1895. 40
days.
80
tons. 5,304
oz. dwt. 1609 tons. 200 5 tons. 4,125
oz.

Leader 27,640'5
M.
tons.
Reef Reef,
M.
7,568-71;
!
endinearFobryuery,
was?“dmfsgfgm'
Ham-7°“Half- 1'
=tons.
424,535
1
days.
hours.
home.
176
23,
171
9 16,6596
21
10,110 dwt.
dwt.
oz.
gr. \40733
3'10368 tons. _
\tons. 39
tons. 4309
Oz.
OZ
dwt.
dwt. tons.
tons.,618
8001 16
3
5'76,gr.
1 oz.,_4,2491?)
1
‘S21,5.62-29;
Reef,

40
4g
0 L
19,250 _
1
62-466 1 dwt. I
28-481— l _2-9893
1
cent.
per
14'052,
— |
_11-395
dwt.
‘
P205
1294

Half-yan-
ending d.
hr.
84
12
ran
February,
189i. 80
which
of d.
1613, 30—2'53
tons. oz. 9
dwt.
gr. 15
9'2
80
h40
3ranr., 12,029-95 lbs.
tons. 422
746
18,892 11-034 cent.
per 17'617
and
80
40 tons. 49—3‘79,, oz. dwt. dwt. 4'128 (52-6 139 235 dw 2155 dwt.
t.

August,
Fehru-
ending
Halt-year
Half-year Average
value
of
dwt.
assay
cgr.
oz.onc n-
days.
hours.- tons. tons. l.
t..
(1;;
Ill-‘:82
yield
Average
ton
per to.
to.

OZ-
07“-
1893.
ary,

I
ofrom
Gold
cbotncaeintnr-eatdes
11'831
Yield
coton
byncper
entration
crushed
Ore
head
day,
per236-,-
2.5-)
ein
gold
Free
mill
xtrac—ted
Yield
tailings
of
ton
per— Total
crushed
value
ore
Smelted
gold
obtain9,6493
11530606
ed
180315
2.23;
Ccaught
oncentrates Gold
in
left
tailings
16-461—
Bullion
recove-r—ed
Stamps
work
at
30
80 trates
17
8
8'17
ton
9'3
per03 treated—
Tailings
Total
ll'llll
run716,5,
53
cmslw12,913
ore 1d0,9215
 IVITWA TERSRAND MINES. ‘453

EQUIPMENT (June 1, 1895).—Main Incline Shaft: The main incline shaft is sunk to a depth of
950 ft., is timbered throughout, and has room for two cage-ways, together 6 x 10 ft., and pump-way,
5 ft. 6 in. x 5 ft. The head-gear, constructed in wood, is 60 ft. high, and the self-tippin trucks
carry 11; tons each. Sortingy‘loors : From the skips the quartz is thrown on to two sets 0? grizzly
bars, the fine quartz going straight to the mill, while the coarse is thrown into a. launder, where it
is washed by jets of water. It then reaches the sorting-table. The sorting-table is circular, 25 ft.
diameter, and slowly revolves, so as to give full time to separate the worthless and the valuable
rock. The sorting is done by hand. The water is supplied by a Tangye pump, worked from the
engine-room. From the sorting-table the rock reaches the crushers, two in number, made by Blake
8:. Marsden, and from these it is taken to the mill by tram. The water used for washing the rock
is collected in two depositing pits. The deposited slimes are from time to time taken to the mill
for treatment, as they contain a high percentage of gold. Pump: This pump is of the Cornish type,
8 in. in diameter, and is driven by a single cylinder condensing engine, 18 x 48 in., by Harvey &.
Co. Hauling engine: This is driven by one pair Tangye engines, 13 x 28 in., with independent
drums and depth indicators. Compressors : The air-compressing engine, Ingersoll-Sargeant, has
a capacity of 12 drills ; 5 only, however, are worked at present. The engine-room also contains a
special motor, by Marshall, for the blowers of the smiths’ shop, and an engine working the rock
breaker and revolving sorting-table. Workshops .' The blacksmiths’ shop contains 7 forges. The
fitters’ shop contains 2 lathes, planing, shaping, drilling, and screwing machines. A 10x 12 in.
Tangye engine supplies power in the workshop. Mill: The quartz is delivered at the mill by
means of an incline way and a steam-engine to draw the trucks to the mill’s platform. The mill
consists of 50 stamps, 95015, by Fraser &. Chalmers: it is fitted with Challenge ore-feeders.
The mill shed also covers 30 frue vanners. Tailings : From the vanners the tailings are lifted by
a 42 in. wheel, and conveyed to the tailing pits by gravitation. Engine : The mill is driven by
one 16x48 Corliss engine of 150 h.p.; this engine also gives power to the dynamos. A new
engine, 12x24, constructed by Marshall & Co., is in course of erection: it will generate elec
tricity for the pumping station and cyanide works. Boilers .' Steam is now generated in two
boilers (multitubular, by Fraser &. Chalmersl, 45 in. diameter x 16 ft. length. A new boiler
of the same makers, 60 in. x 16 ft. is to be shortly erected to supply additional power for the
new engine above referred to. Electric light is now derived from main mill engine, working one
Elwell-Parker dynamo, and from one electric generator by Compton.
Cyanide Works .' The tailings are conveyed for treatment from the pit to the works by
mechanical haulage. The plant consists of 7 round leaching vats of a capacity of 120 tons, fitted
with bottom discharge, 4 solution tanks, 4 zinc reduction boxes, assay, smelting plant and offices.
The cyanide solution is conveyed from the solution tanks to the leaching vats by two 4 in. centrifugal
pumps, deriving their power from the dynamos of the mill. Water Supply .' The water necessary
for milling and other purposes is obtained from the Wemmer Pan, distant half a mile from the mill,
and two miles from the mine. The pumping station is fitted with one pair of 8 in. double acting
rams, 15 in. stroke, and one 10 in. double ram pump, 15 in. stroke, all driven by one 12 h.p. engine,
by Fowler & Co. The water is conveyed in a 7 in. main to mill and mine.

LIFE OF THE MINE—MI‘. Harry Johns, the late manager of the \Vemmer Gold Mining Com
pany, reported on the life of the mine in August, 1894, with the following results : There are three
reefs within the propertyz—(a) South Reef, (5) Main Reef Leader, which is about 60 ft. north of
South Beef, and (c) Main Reef, which is about60 ft. north of the Main Reef Leader. The South Reef
is thicker and (f better quality in the lower levels than hitherto worked. The Main Reef Leader
has been tested at about 20 different points, ranging from the 1st to the 6th level. The total
length of drives in this reef is 3,022 ft., and of winzes sunk to connect the various levels 622 ft.,
while stoping has been done at five different points. Samples throughout these distances have been
taken every 10 ft., and the reef has thereby been proved payable through the mine. Taking the mill
ing width of the South Reef and Main Reef Lender each at 2 ft., Mr. Johns estimates that the life
of the mine on these two reefs only will be, at least, eight years on a 40-stamp milling basis. In
making this calculation, taking the milling width at 2ft. each, Mr. Johns makes provision for
sorting out 45 per cent. of the ore mined, which is thrown out as waste rock. By the adoption of
this very close sorting system, the yield of the ore and the value of the ore would correspondingly
increase very materially.
The extension in the life of the mine mainly depends upon the value of the Main Reef body
itself. On this matter Mr. Johns reports : The Main Reef at 1st level near the middle of the pro
perty assays 15 dwt. over a width of 6 ft. Between 1st and 6th level, near the eastern boundary
of the mine, the reef is faulted by a dyke, 100 ft. thick, coursing almost parallel to the reef, dipping
in the same direction, only at a different angle. In Mr. Johns’ opinion, the Main Reef will be clear
454 ‘ WITWA TERSRAND MINES.
of the dyke below a depth of 650 ft. Mr. Abadie, the successor of Mr. Johns as manager of the
Company, is putting out a cross-cut from the 700 ft. level, to intersect the Main Reef, which he is
confident will be clear of the dyke at that depth, and he expects there will be an improvement in the
reef at this level, the same as with the South Reef. In the ground acquired from the Salisbury
Extension Company, the reef is payable, assaying 7Q; dwt. to 7% oz. per ton. At the 3rd and 4th
levels, east boundary, the reef has been intersected. In the drives the reef assays from a few dwt.
to 3.1; oz. per ton. Provided the Main Reef proves payable throughout, and taking the width at 4 ft.,
Mr. Johns estimates the life of the mine, on a 40-stamp milling basis, at 15 years.

Mr. Abadie, the present manager of the Company, was asked to officially give his opinion on
the life of the mine. He states, that, in consequence of the improvement of the reef in the lower
levels since Mr. Johns’ report, the life of the mine will be somewhat extended beyond his estimate,
and the increase in the width of the reef is not confined to any particular portion of the South Reef,
but is in evidence not only in the Main Shaft, but in all the lower drives and stopes. Mr. Abadie's
sorting out of waste rock only amounts to 38 per cent., which is 7 per cent. less than estimated in
calculating the life at 8 years. He expresses a positive opinion that the life of the mine has been
prolonged beyond 8 years, in view of the recent conditions obtaining. The chairman at the last
meeting, held April 4, 1895, laid great stress upon the fact that the Main Reef had developed into
a very important factor bearing upon the life of the mine. In the 2nd level the Main Reef is 3 ft.
9 in. wide, average assay value, 11 dwt.; in the 3rd level the Main Reef is 4 ft. 9 in. wide,
average assay value, 13 dwt. ; and in the 4th level, the Main Reef is 5 ft. 2 in. wide, average assay
value, 8 dwt. 22 gr. With the daily improvement in the treatment of ores, etc., he feels confident
that this body will prove a payable proposition, and he thinks one is fairly safe in estimating that,
on a basis of 50 stamps being employed instead of 40, the life of the mine would be extended by
further 10 years. This would give the Company a total life of 18 years, and proportionately more
if sorting out of waste rock to the extent of 38 per cent. instead of 45 per cent. is adhered to. It is
important to remember that these calculations are made without taking into account the 34 claims
which the Company holds in connection with its water-right and under bewaarplaatsen.

GENERAL REMARKs—The Wemmer Company had a very struggling existence for many years
owing to the fact that the Company never had sufficient funds to equip the mine thoroughly. All
requirements had to be introduced by degrees corresponding with the Company’s finances. A most
economic and conservative policy has all along been pursued ; the watering of the capital by share
capital increases has been avoided, and the shareholders are now reaping the benefit, as the
Wemmer Company’s capital is at present the third lowest Main Reef Company’s capital on the
Band. The profits have been on the increase since the latter end of 1894. During the half-year
ending February 28,1895, 0. net profit of £33,110 43. 5d., equal to 120 per cent. per annum was
made after allowing £5,748 118. 10d. for depreciation. Of this sum the major portion was made
during the latter quarter of the half-year. At the meeting held October, 1894, Mr. A. Wagner
pointed out that, during the preceding 30 months, £101,949 16s. 2d. had been spent upon machinery
and mine improvements and the purchase of 11; claim, towards which, on March 1, 1892, they
only had funds £29,656 198. 8d. Consequently, profits to the extent of £72,292 168. 6d. had been
applied to capital purposes, which is 130 per cent. for the period, or 52 per cent. per annum.
Furthermore, the development, which then stood at £8,000 for 8,000 tons = £1 per ton, had
(October, 1894) been increased to 80,000 tons, standing at the low figure of 63. per ton. In
April, 1894, the liabilities amounted to £22,000. Out of the profits earned during the half-year
ending August, 1894, £18,000 was applied towards reduction of the liability. On March 1, 1895,
all the liabilities had been paid, and the Company had £15,891 in hand. From March 1 to July
31, 1895, the profits amounted to £62,809 148. 10d., giving a total cash balance of £78,700. Out of
th1s_sum the dividend of 100 per cent., declared in June, 1895, absorbing £55,000, was paid,
leaving a sum of, approximately, £23,500 in hand, and the small capital expenditure has also to be
allowed for. The balance-sheet at February 28, 1895, discloses the fact that the Company has
pald out of profits for everything it possesses, which includes all the plant, machinery, etc. (on
which the Company spent £120,000), plus the development of the mine; and that the only item
standing against the mine is £20,274 for claims, which now appears as the cost of the whole
mine, plus £16,881 for the vertical main shaft. The Company has, therefore, its equipment and
development free, in addition to its claim assets, including its deep level claims. The Company,
besldes'its outcrop area, owns a line of claims 2,000 ft. from outcrop down to the Company’s
water-right, in all 23 deep level claims; and in addition thereto 11 claims (bewaarplaatsen), or
34 in all. These are untouched as yet.
 FVITIVA TERSRAND MINES. 455

WESTERN KLEINFONTEIN, LIMITED.

Formed in May, 1895.
CAPITAL—£160,000 in £1 shares ; 110,000 shares issued and fully paid up.
Directors.
DR. MAGIN, F. VON Hmsan'r, F. GRAY, C. Mvumusn, and E. Sumner.
London Committee.
E. SANDEMANN, L. R. O. BOYLE, and L. B. BURNS.
Secretaries and Oflice.
Tm; New AFRICAN COMPANY, LIMITED, Johannesburg.
London Secretary and Oflice.
FINLAY A. MACRAE, Suffolk House, Laurence Pountney Lane, E.C.
APPROPRIATION OF CAPITAL—TO the vendors, £10,000 in cash and £40,000 in shares; to the
promoters, £60,000 in shares for £50,000 cash; held in reserve, £50,000; total, £160,000. The work
ing capital provided is therefore £40,000.
PROPER'I‘Y.—72 claims on the farm Benoni (known as the Spartan block or “ G ” Syndicate),
with water-right. The reefs contained in the property are the continuation of the Kleinfontein
series. (For plan, see Vol. III.)

WESTERN WITWATERSRAND EXPLORATION COMPANY, LIMITED.

Formed in September, 1895.
CAPITAL—£300,000 in £1 shares; 153,048 shares issued and fully paid up.
Directors.
CAPTAIN E. ARTHUR HAGGARD, S. LARKINSON (Managing Director in London), the HON. J. Sco'rr
llIIONTAGL', MR, and W. A. WILLs.
Continental Director.
COUNT Cowccr, Rome.
Managing Directors in Johannesburg.
CONRAD ASSMUTH and J. E. H. Lotus.
Secretary and Head Ofli'ce.
LANCEDOT C. WALTON, 123, Bishopsgate Street, E0.
Branch Ofiices.
4, Rue de Mogador, Paris; Johannesburg, Transvaal (P.O. Box, 221).

CAPITAL.—The vendors (the Rand \Vestern Syndicate as regards the 312 claims, and Mr. (J.
Assmuth as regards Van Den Berg’s ground) were entitled to £102,500 in shares, and £17,500 in
cash, or £120,000 in all.
PROPERTY.——(1) 312 claims at the south-western portion of the farm Randfontein, West Rand,
and a short distance south-west of the Porges-Randfontein property. (2) The freehold of Van Den
Ber ’s portion (the north-west) of the farm Middelvlei, West Rand, equal to 603 morgen, less the
we or homestead portion, amounting to about 651norgen. The ground includes a mynpacht of 70
morgen (over 90 claims). The two properties are separated from each other by water-rights be
longing to the Randfontein Estate and Gold Mining Company.
GENERAL REMARKs.—A considerable alluvial deposit overlies the reef formation in the neigh
bourhood of the Randfontein block, and consequently the trend of the series in that direction has
not yet been discovered. It is however believed by Mr. R. J. Gluyas and Mr. J. E. H. Lomas that
the Randfontein and Botha’s series of reefs traverse the property in a north-easterly and south
westerly direction. Mr. Gluyas considers that the Botha’s reef and the Randfontein series of reefs
will each give 53 claims on the course of the reefs, with dip ground up to 8 rows of claims in the
case of the former, and up to 6 rows in the case of the latter. No prospecting work appears to
have been done on Van Den Berg’s portion of Middelvlei, but it is also believed by the directors that
it contains the Randfontein and Botha’s series of reefs or the immediate dips thereof. The proposed
456 ' ‘WI TWA TERSRA ND MINES.

Krugersdorp-Klerksdorp Railway will probably run through or near this property. With the cash
to be derived from the issue of the reserve shares, the unrequired cash capital can, the directors
believe, he devoted to the transaction of profitable exploration business. This would include the
purchase, development, and re-sa-le of other properties, particularly in the western district of the Wit
watersrand, the formation or reconstruction of mining companies and general financial business.

WEST RAND MINES, LIMITED.

Formed in 1893.
CAPITAL—£425,000 in £1 shares; 400,000 shares issued and fully paid up
Directors.
J. BERl-EIN (alternate O. Dm'rnnmcn), J. CREEWEL, A. F. Cnossn, H. IsELIN, W. T. GRAHAM,
and G. SONN.
Secretary and Head Ofiice.
F. W. DIAMOND, Johannesburg, Transvaal.
London Ofitce.
16, George Street, St. Swithin’s Lane, E.C.
CAPITAL CnANcrs—The capital of the Company was originally £50,000, divided into 500 shares
of £100 each, which were apportioned as follows : For the purchase of the property, 456 shares=
£45,600; subscribed at par for working capital, 14 shares=£1,400; held in reserve, 30 shares:
£3,000; total, 500 shares=£50,000. In 1894 the capital was increased from £50,000 to £300,000,
divided into 300,000 £1 shares, which were apportioned as follows: To the original shareholders for
the purchase of all the assets, 140,000 shares; subscribed at par for working capital, 100,000
shares; reserve shares, 60,000. In July, 1895, a provisional agreement was entered into between
the directors of this Company and the directors of the George and May Gold Mining Company,
Limited, having for its object an amalgamation of the two Companies on the following basis: The
capital of this Company to be increased to £425,000, of which 25,000 shares to be reserve shares,
and 97,500 shares to go to the George and May in payment of all its property and assets (cash
excluded). This provisional agreement has been ratified.
PROPERTY.—The property of the Company originally consisted of 228 claims on the farm
Luipaard’s Vlei, \Vitwatersrand, 18 miles west of Johannesburg, and 2 miles from the town of
Krugersdorp. The Company also possesses a valuable water—right. The claims are situated to the
south of the George and May Company, adjoins and forms the dip of this Company. The property
has been increased by 170 claims in the same locality, belonging to the George and May Gold
Mining Company, forming a total of 398 claims held under ordinary licenses from the Government.
(For particulars of the George and May property, now included, see the notice of that Company.)
ACOOUN'I‘S.-—The accounts are made up yearly in June.

Balance-sheet to January 30, 1895.

Liabilities. £ 8. d. Assets. £ 8 d.
To Capital account, £300,000 By Property 190,(I)0 0 0
Less reserve shares, 60,000 ,, Expenditure to date 4,014 3 2
—- 240,000 0 O ,, Licenses paid in advance 228 O O
,, Sundry creditors 1,695 5 5 ,, Transvaal Gold Fields 28,120 0 0
,, Cash at bankers 19,333 2 3

£241,695 5 £241,695 5 5

GENERAL Bananas-This enormous property, now including the George and May, forms
One Of the largest mines of the Witwatersrand, having nearly 2% miles on the outcrop of the reef
and more than one mile on the dip of the reef,
 WI T WA TERSRA ND MIXES. 457

WEST ROODEPOORT DEEP, LIMITED.

Formed in 1895.
CAPITAL—£230,000 in £1 shares ; 227,020 issued and fully paid up.
Directors.
LIONEL PHILLIPS (Chairman), E. BROCHON, H. W. GLENNY, C. R. KEHLER, and F. C. Dunn.
London Committee.
S. MARCUS, 0. Runs, and L. WAGNER.
Sec-rotary and Head Oflice.
HIRSCHEL COHEN, Johannesburg, Transvaal.
London Secretary and Oflice.
E. MARCUS, 28, Austin Friars.
APPROPRIATION OF CAPITAL. ——To the vendors, £127,200; working capital, £100,000; held in
reserve, £2,800. Total, £230,000.
PRoPER'rY.—Includiug the water-right the Company has 270 deep level claims. These are
situated south of the Banket property and of the eastern part of the Princess Estate property,
the Roodepoort Central Deep adjoining on the west.
GENERAL REnARKs—A borehole is being put down near the north-western corner of the
property, and about 950 ft. from the outcrop of the Main Reef series on the Banket property. The
reef is expected to be struck almost immediately. Two shafts will be sunk as soon as possible.

WHITE ROSE GOLD MINING COMPANY, LIMITED.

Fo'rnu-d ‘in July, 1895.
CAPITAL—£125,000 in £1 shares.
Directors.
JAMES BURNETT, M. \V. Concuns'rnu-Vvnnrss, J.P., ALEXANDER DAvmsoN,
ALFRED JoNm, and ALEXANDRE RIDI-Zl‘.
Secretary and Head Ofl‘ice.
R. LAWRENCE SPICER, 26, Budge Row, Cannon Street, E.C.
Agent and Oflice ‘in France.
HENRY SELBY, 11, Rue Louis-le-Grand, Paris.
CAPITAL—The property was purchased from Mr. C. A. Ross, who bought it from the Alpha
(Rand) Syndicate, which acquired it from Messrs. A. B. and P. de N. Lucas.
PRoPER'rY.—28 claims on the farm Luipaard's Vlei, ‘Vest Rand, at the western end of the
farm, 20 miles west of Johannesburg. The Botha’s Reef outcrops throughout the property, a
distance of 1,200 ft. 15$ claims are north of the reef and are therefore valueless as mining
ground, the reef-bearing area extending to the remaining 12g claims. These latter form an
irregular block, bounded on the east and west by the George. and May Gold Mining Company, and
on the south and south-east by the 'VVest Rand ines. The reef-bearing area consists of a section
1,200 ft. along the strike of the reef by about 100 ft. deep, 3. block south (adjoining the first sec
tion at its centre), 450 ft. long by 370 ft. wide, and a third section south, 1,200 ft. on the strike of
the reef by 400 ft. across.
MINING INTELLIGEXGE.—Th6 main shaft, west, has been sunk 170 ft. on the incline, measures
5 X81; ft., has two 24-inch gauge rails and ladder-way, and is timbered down to the 100 ft. level.
The reef averages 2 ft. 6 in. in thickness at this level. Drives have been made along the reef at 170
ft., for distances of 50 ft. east and 40ft. west. 200 ft. east of this another shaft has been put
down to 200 ft., and driving has been done for 50 ft. each way. The walls of the second shaft have
collapsed owing to insufficient timbering; and the first shaft is considered to besufiicient for all
practical purposes. There are several other shafts and cuttings exposing the reef. The reef dips
at an angle of 45—55° at the surface, flattening to 40° below. Mr. Franklin \Vhite (of the Village
Main Reef) estimates that there are 340,000 tons of ore in the mine. The reef, he thinks, should
not be valued at more than 141; dwt. (fire assay) over 2511., and the accompanying leader at 10
458 WITWA TERSRA ND MINES.

dwt. over a thickness of 20 in., averaging 12} dwt. per ton. Mr. L. H. Chouan (of Le Champ
d’Or property) estimates the ore contents at 360,000 to 380,000 tons, and their average value at
13 dwt. per ton. He puts the working expenses at 258. per ton for mining, milling, and cyaniding,
but suggests the direct cyanide treatment, costing 208. per ton. Messrs. Lucas Brothers crushed
about 10,000 tons, obtaining from 7 to 9 dwt. over the plates; and it is reckoned that with cyanide
treatment, 10 to 12 dwt. per ton can be obtained.
MACHINERY.—A 10-stamp (850 lbs.) Sandycroft battery, a 10 h.p. engine and boiler with
driving gear, headgear, 10 h.p. Davey & Paxman engine and boiler, winding drum, etc.
GEVERAL REMARKS—Mr. Franklin White estimates that the cost of equipping the property
with a 25-stamp battery, and cyanide and other mining plant, and of developing 40,000 tons of ore,
would be £35,000. Mr. Chouan estimates the necessary expenditure at £30,000 if dry crushing
and the direct cyanide treatment is adopted in place of using a battery.

WINDSOR GOLD MINING COMPANY, LIMITED.

Formed in 1894.
CAPITAL—£25,000 in £1 shares ; all issued and fully paid up.
Directors.
W. DETI‘ELBACH, Chairman (alternate J. BERLEIN, Acting-Chairman), G. ROULICYI‘ (alternate
F. Ecxs'rsm), C. S. GOLDMANN (alternate H. J. KING), and W. T. GRAHAM.
Secretary and Head Ofl'ice.
G. SONN, Eckstein’s Buildings, Johannesburg.
FINANCE—Part of the property formerly constituted the Britannic Company. The properties
were acquired for about £18,000, and sold to the Company at actual cash price. The balance,
viz., £7,000, was applied to working capital. The vendors took fully paid shares in exchange for
the property acquired and working capital provided. They therefore took no premium on their
sale to the Windsor Company. Accounts made up to March 31. At March 31, 1895, the Company
owed sundry creditors about £7,000. Expenditure up to that date stands as follows: Machinery,
plant, and buildings, £7,500; permanent works, £2,500; development, £4,500; mining and milling
expenses, £3,400; general charges, office expenses, licenses, £2,200; total, £20,100. Against this,
proceeds of gold realized £2,500. Total expenses since formation of the Company, about £17,600.
Property account only stands at £13,000, and the Company’s capital is £25,000; therefore the
balance of £12,000 not accounted for is included in the assets standing at £17,600 as above. This
amount (£12,000) has been expended, and the Company has further liabilities of about £10,000,
which amount the present owners of the Company (as above) have advanced.
DESCRIPTION OF PROPERTY—Th6 property consists of 76 claims on the outcrop and dip of the
Champ d’Or reef series, of which 70 are reef hearing. The property adjoins the Lnipaard’s Vlei
Estate Company on the west, and the Champ d’Or Deep Level (French Rand Gold Mining
Company) on the east.
MINING INTELLIGENCE—Development was carried on by a main incline shaft, 11 ft. wide and
183 ft. deep originally, situated 620 ft. west of the east or Midas boundary. The property consists
of 76 claims, of which 70 are reef claims. Large test crushings were made soon after acquisition.
These proving unsatisfactory, chiefly through want of development and faulty machinery, it was
decided, in June, 1894, to shut the mine down and further sink and widen the shaft. In April,
1894, the width was 13 ft., and the shaft was carried from the 2nd level, or 183 ft., to 476 ft. below
the surface, cutting the 3rd level at 305 ft., and the 4th level at 452 ft. Winzes connect the
2nd and 3rd levels east and west, and partly the 3rd and 4th levels.

Ore-reserves on April 1, 1895 (estimated).

Tons.
1st level 800

4th I;,, III

3:151 III I: I: III III III 3:548
Total 27,534
 WI 1‘ WA TERSRA ND MINES. 459

Experiments lately made show remarkably good results from direct treatment of the ore with
cyanide after crushing. It is expected that the low grade oxidized ore in this mine, subjected
to the same treatment, will yield a good profit. Development has principally been confined to the
3rd or 4th level of the western section of the mine; which has much improved on the 3rd and 4th
level, where the reef in places has widened out to 8 ft. and assays well. The mine is being assayed
every 12 ft. of driving and sinking in order to arrive at an exact estimate of the value of the mine.
Appended is a list of the most recent assays from the mine :—

Details of Assays.

West Drive, 3rd Level. Distance from cross-cut.

Distance. Hanging-wall. I Middle part. Footwall.

ft. in. I dwt. gr. I in. I dwt. gr. in. I dwt. gr.
140 30 14 0 24 6 1a 18 I 1 16
152 36 22 10 I 16 I 5 12 12 I 2 12
164 36 11 0 18 a o 12 I 1 5
176 48 20 12 I 18 I 3 s 24 I 1 16
191 42 31 12 12 . 20 0 36 , 2 5
203 48 24 9 18 I 13 o 50 1 6 s
215 30 a7 5 36 I 4 0 18 I 2 20
227 36 53 16 12 I 5 0 42 I 16 20
242 56, I 28 10 I _ I _ _ 24 I 1 15
275 12 I 20 16 I 24 , 13 20 24 1 12

West Drive, 4th Level. Distance from cross-cut. East Drive, 3rd Level. Distance from cross~cut.
1)‘ - W Han___r
inv- W — Dis- I 14__
inf . 1155 1;": i Middle
_— ,1,_ 4i

twig Whole reef. W5“, 2 Footwall. mmI “.flhg pum Footwall

ft. in. dwt. gr. I in. dwt. gr. in. dwt. gr. ft. in. dwt. gr. in. dwt. gr. I in. dwt. gr.
77 54 34 0 -— — —~ — 45 24 O 16 18 5 14 12 1 18
65 72 2 8 — — —— —
25 — -— 36 3 0 12 9 15 , I
GENERAL RnMA'RKs—The property was privately formed by the owners of the ground, who
are, practically, still the proprietors of the concern.

WITWATERSRAND GOLD MINING COMPANY, LIMITED.

(BETTER KNOWN AS KNIGHT'S.)
Formed in 1886.
CAPITAL—£250,000 in £1 shares; all issued and fully paid up.
Directors.
H. NOURsE (Chairman), H. W. STRUBEN (alternate S. H. FARRAR), Jam HAY,
C. L. Rnnwoon, E. W. Tonrsos, W. Ross, and A. A. STANTON (alternate Tnos. GEO.
SHERWELL).
Secretary and Head Ofiice.
GEO. HEssE, Johannesburg, Transvaal.
London Agents and Oflice.
ROBERT Wmm: & 00., 19, Bury Street, St. Mary Axe, E.C.
CAPITAL CHANGEs—Tho original capital was £210,000 in £10 shares. In April, 1888, this
amount was increased to £250,000, and the shares converted into £1 shares.
.160 IV! T WA TERSRAND M1 .YES.

APPROPRIATION or GArrrAn—The vendors originally received £150,000 in shares and

£45,000 in cash, the balance of £15,000 being the working capital. Against the amount of
£45,000 in cash received by the vendors, the latter contracted to supply and erect a 100-stamp
battery, with engines complete, to cost £21,500. Thus the actual working capital supplied
would be the above £15,000, and the amount put down for the battery £21,500, amounting together
to £36,500; the capital being increased to £250,000. 40,000 shares were set aside for new
working capital, of which 35,000 were subscribed at par, giving the Company £35,000. 5,000
shares were held in reserve, of which 1,000 were disposed of at par, giving £1,000, and the balance
of 4,000 shares were issued for £10,380. Total capital supplied by shares, £92,880. On the 26th
February, 1895, the capital was increased by the creation of 50,000 new shares, making the total
capital £300,000. The increase was on the basis of the original offer made by Messrs. Barnato
Brothers and the Anglo-French Company, viz., that 30,000 of the new shares be ofl'ered to the
shareholders of the Company at 528. 6d., all shares not taken up being guaranteed at that price by
the promoters of the ofi'er, they further taking up 7,500 of the remaining shares at the same price,
and to have an option over the balance of 12,500 shares at the same price for one year from date
of meeting. The price of the offer being improved upon by the guarantors up to 568., a discussion
ensued at the special general meeting whether the altered ofi'er could be considered. The chairman
ruling that it could (under advice from the Company’s solicitor), the dissentient party made an
ofi'er of 603. per share. The dissentient shareholder took exception to the resolution of the meeting,
and obtained an interdict from the High Court preventing the board of directors from carrying
out the resolution of the shareholders. Meanwhile, the issued capital is unaltered, although
practically increased to £300,000. The directors have appealed.

ACCOUNTS AND FINANCE—Accounts were formerly made up half-yearly to March 31 and

September 30, respectively, but the last accounts were closed at December 31, 1894, and in future
annual reports and accounts will be issued. The Company, owning a freehold property comprising
more than 10,000 acres, derives a large revenue from claims, licenses, rents, etc. Certain portions
of the property—part of the mynpacht—were sold in the course of years, and the amounts
realized were principally distributed amongst the shareholders. Thus in 1889 three blocks of 72,
72, and 60 claims were sold to the Glencairn, May Consolidated, and Balmoral Companies for a total
consideration of £210,000 in cash and 15,000 Balmoral shares. In May, 1893, 72 claims (now the
property of the Glenluce Gold Mining Company) were sold to Messrs. Barnato Brothers for £60,000
incash. Extracts from balance-sheet and profit and loss account as at December 31, 1894 :—

Balance-sheet.

Liabilities. £ 8. d. Assets. £ 8 d.
Capital account... 250,000 0 0 Claims account... 114,475 0 0
Interest account— Landed property account 12,469 13 7
Interest paid in advance 92 0 0 Water-rights and dams account 0,533 0 8
\Vater-rights revenue account— Plantation account 466 3 1
Rent paid in advance 833 6 8 Buildings account 10,276 0 0
Mynpacht revenue account— Development account 9,023 18 4
Rent paid in advance 29 3 4 Machinery and plant 8,097 6 5
Licenses and tax account 9 8 8 Stores 1,588 0 8
Sundry creditors 2,181 16 2 Livestock and vehicles 264 12 6
Survey implements 36 1 6
Oflice furniture... 184 3 0
Furniture account 72 15 6
Fire insurance, paid in advance 32 14 0
Accident ,, ,, ,, 35 0 0
Mynpacht rental ,, ,, 50 0 0
Bills receivable 21,219 7 0
Fixed deposit and interest 10,055 12 4
Cash, National Bank 10,151 1 4
Cash in manager’s hands 405 11 11
Transvaal Government 1,491 10 3
Sundry debtors... 3O 0 0
Profit and loss account 43,188 2 9
£253,145 14 10 £253,145 14 10
 WITWA TERSRA ND MINES 46 I

Profit and Loss Account.

Dr. £ 8. d. Cr. 1*. d.
To Balance from April 1, 1894... 30,530 11 7 By Licenses and taxes 4,751 10 10
,, Permanent works and develop- ,, Water-rights revenue 1,920 0 0
ment account, written oii' 8,353 18 1 ' ,, Mynpacht ,, 856 5 0
,, Estate management 637 10 11 ,, Interest account 2,947 18 4
,, Prospecting account... 702 16 3 ,, Rent ,, 81 10 O
,, Dam and road repairs 2,070 11 9 ,, Balance 43,188 2 9
,, Reports, plans, and consulting
engineers’ fees 1,024 1 0
,, Myupacht rental account 52 4 0
,, Charges at mine 328 15 3
,, Printing, advertising, etc. 65 9 6
,, Charges account 331 0 9
,, Legal charges 372 16 0 ~
,, Head ofiice expenses... 295 16 2 i
,, Auditors’ fees 21 0 0 I
,, Directors’ fees 535 10 O i
,, Fire insurance 30 8 8 '
,, Accident ,, 199 15 3
,, London charges 109 17 7 i
,, Depreciation, written off 8,083 4 2

£53,745 6 11 £53,745 611

The total revenue for the nine months under consideration shows :- £
a. d.
From the estate 7,527 15 10
Interest received on loans 2,947 18 4
From other sources 81 10 0

£10,557 4 2

The amount £21,219 78. under head of bills receivable is accounted for as follows :—
£ a. d.
Champ d’Or Deep Level Gold Mining Company, Limited (loan) 20,000 0 O
Knight’s Tribute Syndicate 1,219 7 0
£21,219 _770‘
The total receipts of the Company since its inception are made up as follows :—
£ 8. d.
Gold account 63,957 0 0
Licenses, taxes, interest, tribute, etc. 51,146 2 7
Sale of claims, cash 270,000 0 0
Sale of 15,000 Balmorals... .. 15,000 0 0

Total receipts up to December 31, 1894 £400,193 2 7

In March, 1892, a portion equal to eight claims was let on tribute to the Knight’s Tribute
Syndicate, and was worked by a 20-stamp battery. A total revenue amounting to £2,605 10:. was
derived from this souroe for a period of nearly 18 months. Afterwards, these claims were included
in the sale made to Barnato Brothers for £60,000. The total receipts of the Company, viz.,
£400,103 28. 7d., and total capital supplied from shares, viz., £92,880, amount to the total sum of
£492,983 28. 7d., of which the following amounts were returned to the shareholders: 75 per
cent. dividend in cash, and 6 per cent. dividend in Balmoral shares, taking the latter at par, and
amounting together to £202,500. The total amount invested in property, plant, etc., amounts there
fore to the balance of £290,483 2s. 7d.
HISTORY—Milling operations were started in 1888 with the old 100-stamp mill, which, how
ever, could not be kept supplied. Consequently, the full 100 stamps were running for very short
intervals only, while mostly 50 and less were kept employed. The total output in 1888 amounted
to 4,976 oz., in 1889 to 4,450 oz., in 1890 to 2,009 oz., and in 1891 (from 18,687 tons) to 4,275 oz.
462 WITWA TERSRAND MINES‘.

Total, 15,710 oz. In August, 1891, the mill was shut down, 'and was subsequently removed
from the old site. The milling operations during these periods proved unprofitable, on account of
backward development and non-sorting of the ore, consequently producing a low yield. At the
close of operations the yield was 4 dwt. 122 gr. per ton only, and although working costs had been
kept remarkably low no adequate profit was obtainable. The net cost was calculated at that time
at 158. 4'6d. per ton, exclusive of mine development redemption, etc. Early in 1892 all work was
suspended. The Company, being in debt, gradually redeemed all liability by the revenue derived
from the estate, and when the sale of the 60 claims to Barnato Brothers was effected, the Company
had suflicient funds at its disposal to advance money to other mines. At September 30, 1893,
cash on hand and sundry debtors amounted to £58,774 5.9., of which £20,000 was advanced to the
Wemmer and George Goch Companies. During this period two boreholes were sunk for the fur
ther proving of the property, one on the eastern section, 1,755 ft. deep, and one on the central
section, 1,246 ft. deep, at a total cost of £6,982 88. 10d., which amount was immediately written off.
The cash investments were later on increased, and at March 31, 1894, stood at £55,000 lent
out on interest. On December 31, 1894, this amount was reduced again to £20,000 lent to the
Champ d’Or Deep Level Company. During the last period under consideration, the development of
the mine was taken up again and actively advanced, so as to warrant the erection of a 60-stam
mill, provision being made to duplicate the plant whenever required. It is expected that milling
operations will be recommenced at the beginning of 1896.
DESCRIPTION OF THE PROPERTY.—The farm Driefontein, of which the Company owns the free
hold, comprises a total area of 10,335 acres, and is situated on the East Rand, about 8 miles from
Johannesburg. The original mining area consisted of the whole mynpacht, about 1,000 acres in
extent, or about 100 claims on the strike of the reefs by 4 deep, making a total of about 500 claims.
The mynpacht further includes a narrow piece of ground extending from the centre of the reef
claims, southwards, measuring 8,500 ft. in length by 1,400 ft. wide; this ground embraces the main
watercourse on the farm. Outside the mynpacht the Company holds several lots of ground, some
intended for a township, others laid out as plantations. Of the mynpacht claims, 48 outcrop
claims with their dip claims have been disposed of, so that the present mining area of the Com
pany is about 50 claims along the strike of reef with 4 rows of dip claims, totalling 2421; claims,
or 7,500 ft. in lateral extent and 2,000 ft. wide. The mynpacht was so located that it virtually
included all' available streams of water on the farms, which now are a source of considerable
revenue to the Company. The Company receives half of all claim licenses received by Government
from claims on the farm. The following mining properties are situated on the farm: May Con
solidated (Annie block), East Rand Syndicate, Glencairn, Ginsberg, Glenluce, East Rand Pro
prietary Mines (part), Balmoral, Gardner Main Reef, and numerous other private blocks of claims.
Licenses are paid in respect of all of these. The Metallurgical Company and the Chemical Works
occupy sites of ground for which they are paying rent.
MINING INTELLIGENCE—The Main Reef series strikes through the Company’s mining area
from west to east. The natural disposition of the outcrop and strike of the reefs caused the mine
to be divided into the western, central, and eastern sections. The principal earl workings were
in the central section. Since development was taken up again in May, 1894, the old workings have
been cleared of water, and the drives carefully sampled, resulting in proving both series of reefs,
with an average width of about 2925 in., to have an assay value of 15 dwt. 12 gr. In the
central section a main incline shaft on the South Reef was sunk to the 2nd level, 270 ft., on
November 9, 1894. This shaft is sunk at an angle of 38°, behind the reef, and at 2nd level is
13 ft. under the reef, which has a dip of 43° down to this level. The drives on this level
show the reef on the west side of shaft, throughout averaging 2 ft. 6 in. wide, with an assay value
of 3 oz. 2 dwt. per ton. On the east side of shaft, for a distance of 95 ft. drivage, the reef averages
43 in. in width, assaying 2 oz. 6 dwt. These being the first drives made in the pyritic zone
of the mine, the assays were taken every 5 ft. Sinking of the shaft will be resumed to the proposed
3rd level, at a further de th of 140 ft. On the 1st level the west drive is advanced 100 ft., the
drive is on the strike 0 the reef, but it is disordered by spruit break. The east drive has been
advanced 173 ft., the reef being payable throughout. The lode averages about 16 in., and assays
from 1 to 3 oz., panning very well.
North Series: In the central section at No. 1 level, the east drive has been driven 212 ft.,
the first 190 ft. being payable stoping ground; the banket afterwards becoming small and value
less. A main haulage shaft is sunk from No. 1 level. The reef was out about 15 ft. below No.
1 level, or 135 ft. from the surface, 3 ft. in width ; assay value, 10 dwt. 19 gr. When this shaft
attains the depth of No. 2 level on the south series, it is proposed to connect the two series, in
order to establish a central drainage. The ore reserves amounted on December 31, 1894, to
46,110 tone, which are now being augmented by 4,000 tons in January, 1895, to 10,000 tons
per month towards the end of 1895. In the eastern section the continuation of the southern
 lVITl/VA TERSRA ND MINES 463

series was found, and an incline shaft started. This shaft is sunk on the reef, which has a dip
of 58°. To a depth of 130 ft. the lode averaged 13 in., having an assay value of 19 dwt. per ton.
At that depth a fault came across from south-westto north-east, dislocating the reef. Sinking
of the shaft is being continued until cross-cutting is resorted to, when the continuation of the reef
will probably be found in the blue formation. At the central shaft, between the eastern and
central sections, encouraging results were obtained, the _reef giving an average width of 15 in., and
for 34 assays an average of 23 dwt. per ton. A new haulage shaft is being sunk at equal distance
from east and main incline shafts (about 2,000 ft. from each). A north shaft is also being sunk
on the north series, the sampling averaging 19 dwt. for 24 in. of reef.

EQU1PMENT.—-The mine is in three sections—central, east, and west, Central Section, Main
Incline Shaft, South Series: The main incline shaft is sunk on the south series to a depth of
400 ft. The 2nd level opens at 270 ft., drives east and west, aggregate length 1,200 ft.
The dimensions of the shaft are 15 x 5 ft., with two hauling ways, pump- and ladder-way; the
shaft is timbered to a depth of 200 ft. Pumping: The water is pumped by one Evans’ 8-in.
Cornish pump, which raises the water to the 1st level; it is raised from this level to the
surface by a 10-in. plunger pump. General Drainage: The 'mine makes at present 12,000
gal. per hour, and it is the present intention of the manager to direct the whole of the drain
age of the mine to the Main Shaft, and raise the water to the surface by means of a large elec
trically-driven plant. Head-gear: The head-gear, constructed in wood, is 81 ft. high to centre
of pulleys. Haulage and Sorting Plant.‘ The ore is raised by self-tipping 11,-ton skips, and
tipped on grizzly bars. The coarse, thrown on a sorting revolving belt, is sorted by hand. Crushers :
It is then delivered to the crushers (two Farrar’s rotary crushers), and from the orushers trammed
to the mill. The crushers are driven by one Williams’ vertical engine, 180 h.p. Hauling Engine :
The hauling engine by Ruston, Proctor 8r. 00., horizontal, high pressure, geared, with independent
drums, cylinder, 15x30, is of 50 h.p. Compressors: By Walker, 36 drills, cylinders, ‘20 and
38x60. Compound condensing has air cylinders, 23 and 36x60. Boilers: All the afore
mentioned plant derives its power from 10 boilers in two nests of 5, of the Cornish multitubular
type, constructed by Easton 8t Henderson, of an aggregate fpower of 800 h., the whole fitted with
fuel economizers (Green’s). The above plant is in course 0 erection; in the meantime drilling is
performed by one Ingersoll-Sargeant S-drills compound, direct line.
Mill : (In course of erection.) The mill will consist of 120 Sandycroft stamps, 1,050 lb., fitted
with Challenge ore-feeders. All the foundation piles, sills, standard, ore-bins, and rock-breaker
station are constructed of karri-wood. The mill will be driven by one Homing & Ferguson com
pound C. engine and boiler. Cyanide Works : The cyanide works will be erected to meet all the
requirements of the 120-stamp mill. Spitzkasten system will be employed for classifying tailings,
and concentrates will be submitted to direct treatment. Workshops .' The workshops, now being
erected, will contain all possible improvements, including-large steam-hammer, and Bradbury
drill sharpeners. Vertical Shafi, North Series: This shaft, 12x6 ft., has two cage-ways, and
pump compartment. It is fitted with a 10-int Cornish plunger pump, driven by a horizontal
geared engine.
East Section, South Series, East Shaft: This‘ incline shaft is sunk on the South Reef to a
depth of 200 ft.; size 15x5 ft., partly timbered. It has two hauling compartments, pum - and.
ladder-way. Pumping .' The pumping is done by a 3-in. ordinary steam pump. The he -gear,
of wood, is 30 in. high, fitted with ore-bins, and the hauling is done by a 20 h.p. Tangye’s winding
engine, geared, fitted with a 30 h.p. locomotive boiler. Compressor : Ingersoll-Sargeant, 10-drills,
straight line. Central Shaft, East Section .' Sinking only is at present being done, the depth being
200 ft. The head-gear, 35 ft., is fitted with ore-bins; the winding engine is a 20 h.p. Tangye’s, -
geared. The boiler is a 20 h.p. locomotive boiler. North Shaft, North Series, East Section .' All
remarks relating to this shaft, hauling gear, and machinery, are the same as for the central shaft,
same section.
West Section : Sinking only is done at present. All the plant, head-gear, etc., are temporary,
and will be replaced by a complete equipment when a greater depth is attained.
Electrical Appliances : The dynamos (Elwell-Parker) are at present driven from the central
station by a high-speed Marshall engine. This dynamo, in addition to electric lighting, also drives
a hoisting engine on the main winze on the north series. The electrical pumping plant, which is in
contemplation, will be worked from the same station.
Water Service : As soon as the mill is completed, water will be pumped from dam No. 1 to a
service reservoir, now being constructed above the homestead, and situated at a distance of 3,500 ft
from the mine. This reservoir, which will be of large capacity, will distribute water to all neces
sary works, mill, crusher-station, quarters, etc. The plant has not as yet been decided upon.
464 IVITWA TERSRA ND MINES.

Rcma-rks.—Most of the plant now in use is of a temporary character, and all the machinery
which has been decided upon, and which is now either in course of erection, or on the way to the
mine, has been described above. The plant as a whole will be a very complete one.

GENERAL Rmunxs—With regard to mining, the Company is .'yet in its infancy, the
development formerly done being of little consequence. The fresh start has been made on a
thoroughly sound basis; and, with the much improved value of the ore, and the more complete
equipment, it will, in all probability, result in satisfactory returns.

WOLHUTER GOLD MINING COMPANY, LIMITED.

Formed in 1887.
CAPITAL—£215,000 in £1 shares; 207,000 shares issued and fully paid up. Reserve shares:
8,000 under option for 12 months ending April 8, 1896, at £6 per share.
Directors.
W. DEI'I‘ELBACH (Chairman), J. BERLEIN (alternate Acting Chairman), F. VON Hlzssmrr,
F. M. WOLHUTER, A. F. CROSSE, ABE BAILEY, W. T. GRAHAM, GEORGE FARRAR,
' and C. S. GOLDMANN.
London Committee.
C. RUBE, M. MICHAELIS, and H. J. KING.
Secretary and Head Oflice.
F. W. FORBES, Wolhuter Mine, Johannesburg, Transvaal.
London Secretary and Ofllce.
VICTOR. TAYLOR, \Varnford Court, Throgmorton Street, E.C.
CAPITAL CHANGE—Originally £40,000, the capital was increased to £45,000 and to £70,000
in 1888, and again to £130,000 in February, 1893, in order to purchase the Ray Block of 59 deep
level claims for 30,000 shares. 20,000 shares were issued in March to shareholders at £2 53., and
there was an option on 10,000 reserve shares at £3, until April 1, 1894, which was exercised.
On April 8, 1895, the capital was further increased from £130,000 to £215,000 by the creation of
85,000 new shares. Of these, 60,000 fully paid shares went to the Rand Mines, Limited, in payment
for 72 claims. Of the balance, viz., 25,000 shares, 17,000 shares were ofl‘ered up to May 6, 1895, at
£5 58. per share to shareholders, registered May 1, and to the Rand Mines, pro rata to their
holding. The issue was guaranteed, and the guarantors were given a 12 months’ option to buy the
remaining 8,000 shares at £6 per share. Under this scheme, by which 25,000 shares are created
for the purpose of additional working capital, the proceeds of these shares will amount to £137,250,
which, apart from the very extensive mining area which it owns, places the Company in a very
strong financial position. A meeting is called for November 7, 1895, to increase the capital tn
£860,000 in £4 shares, one new share of £4 to be exchanged for each existing share.

TOWNSHIP PROPERTY.—Tlle Company owned a part of the mynpacht to the north of the reef
outcrop, which was valuable for building sites. This was sold during the latter part of 1894 to the
Ford & Jeppe Estate Company for 4,000 £1 shares in the latter Company. This Company owns
extensive grounds, and is a dividend-paying concern. These shares will bring in an annual
revenue of at least £600 to the Company.

ACOOUms—Made up annually to October 31, and submitted in December.

Fifteen months to November 30, 1890, net loss £19,630
Six ,, ,, May 31, 1891, ,, 1,360
Eighteen ,, ,, October 31, 1892, ,, 28,879
Twelve ,, ,, ,, ,, 1893, net profit 66,180
The last amount includes amounts of £17,025 and £24,790, representing profit on sale of 5,000
Meyer & Charlton shares, and premiums on the 20,000'shares in March, 1893, and £2,702 received
{ping-3,512 tons of tailings. At October 31, 1893, the Company had a cash balance of £34,097 in
 WITWA TERSRAND MINES. 465
The balance to the credit of profit and loss account brought forward from October £ 8. d.
Dividend
31, 1893,
No. 1was... 86,288 8 11
13,000 0 0
Leaves a balance of . £23,288 871
Profit on mining and milling during the year ending October 31, 1894, and profit
on 10,000 Reserve shares, viz. £20,000 00. 46,973 13" v-‘Cv-e

Balance .. £70,262 2
Deducted for depreciation during-‘the year ending October 1894" -- new
Leaves an available balance of .. £60,749 4 1
Profit on Mining and Milling for 12 months ending October 31, 1894 ... £26,973 13 45'1
‘£2,966 *9
n n for month of November, 1894
n n n 71 Decemberv (a? 3,035 6 7
,, ,, ,, ,, January, 18d.) 2,155 18 5
11 n n 11 February’ 1! 2,917 13_0
£71,095 7 5
Profits from November to February, 1895 .. £11,095 7 5
Capital expenditure 18,751 18 9
Excess of expenditure over revenue _£7,656 1124
Cash position, October
Liabilities .. 31, 1894—cash assets £21,652 0—0
_2,500 0 0
Cash available . £19,152 0 0
Less shortfall as above _7,656 11 4
Approximate position March 1, 1895—cash in hand . £11,495 8 _8
Balance-sheet- Ilcms, October 31, 1894.
Liabilities. £ , Assets. £
Capital account... 130,000 1 Buildings
Property account
October 31, 1893 .. 72,596
Sundry creditors 2,500 1 . £5,121
Profit and Loss account 00,749 New buildings since then 2,729
£7,850
Less depreciation, 5 per cent.... 392
Machinery and plant— 7,458
Balance October 31, 1893... £20,420
Less machinery sold 647
£19,773
New machinery since then .. 27,184
£46,957
Less depreciation 6,629
Mine development— 40,328
Balance October 31, 1893... £10,179
Cost of work since then 29,260
£39,439
Less written off for redemption 11,062
‘ Permanent works— 28,377
Balance October 31, 1893... £7,423
Less 25 per cent. depreciation 1,855
£5,568
Mew main incline 5,457
11,025
Cyanide works
Dams 7,101
640
Cash in hand .. 17,503
Sundry debtors 1,824
VOL I. H H
466 W] TWA TERSRAND MINES.

Profit and Loss Account for year ended October 31, 1894.

Dr- £ s. d. Cr. £ s. d.
To Mining expenses 30,216 3 4 By Balance from last account 36,288 8 11
,, Milling expenses 13,116 18 2 ,, Gold account—
,, Mine development redemption 11,062 10 0 21,889'83 oz. gold from
,, Maintenance . 5,145 1 10 44,250 tons ore milled... 80,174 17 6
,, General charges— 3,319'10 oz. gold from
Licenses myn- 12,965 tons tailings
pacht £234 10 0 treated by cyanide works 10,060 4 11
Salaries .. 820 0 0 ,, Tailings account—
London ofiice 562 16 1 35,291 tons failings 3,507 3 11
Medical ex’s 122 12 0 ,, Profit on 10,000 shares issued
Sundry expen- at 608., as per shareholders’
diture 1,804 17 2 resolution of February
- W; W 3,544 15 3 22, 1893 20,000 0 O
,, Bonuses 405 0 0 ,, Interest on fixed deposits 1,021 6 3
,, Cyanide expenses 4,299 10 11
,, Depreciation—
Machinery and
plant £6,629 0 0
Dam 50 per
cent., £1,271
Us. 7d. 635 10 7
Permanent mine -
works 25 per
cent., £7,423
78. 11(1. 1,855 11; 11
Buildings,5 per
cent., £7,850 _
108. 5d. .. 392 10 5
' ‘ _ 9,512 17 11
,, Dividend account—
Dividend No. 1 13,000 0 0
,, Balance 60,749 4 1
£151,052 1 6 £151,052

PROFIT AND Loss ACOOUN'I‘.—During the 1 2 months ending October 31, 1893, the Company
made a net profit of £28,976 on mining operations. In addition thereto, the sale of 5,000 Meyer &.
Charlton shares in exchange for 3 claims showed a p rofit of £17,025. 20,000 reserve
_ shares were
sold at a premium of 25s. per share, leaving a profit of £24,790. After writing off £4,611 for
depreciation and including the debit amount of £29,891 178. 3d., the net result at October 31, 1893,
showed a balance of £36,288 88. 1111. to the credit of profit and loss account.
For the year ending October 31, 1894, the profit realized on mining operations amounted to
£17,460 158. 2d., while on the sale of 10,000 reserve shares £20,000 premium was obtained,
making a total profit for the year of £37,460 158. 2d., and resulting in a balance carried forward
to credit of next year’s account of £60,749 48. 1d.
The following table shows the details of cost, revenue, and profits month by month for the year
ending October 31, 1894, while the summary gives the profit per ton of ore crushed and treated at
cyanide works. In the months of May and June the profits have been exceptionally small owing
to short fall of tailings, but in July 2. great improvement was made through the Company having
started its own cyanide works. Since that date the profits have increased.

£ .6. d.
Net profit on mining operations for the year 18934 17,460 15 2
Premium realized on 10,000 reserve shares 20,000 0 0

Total profit . £37,460 15 2

 WI 1 WA TERSRA ND MINES. 467
Statements comparing Working Expenses and Revenue for the last three years.
From April to October, 1892, the Company crushed with the Spes Bone, Company’s mill, which
brought milling expenses up to 10$. 11'686d. per ton, subsequently reduced to 98. per ton. Average
cost of mining, milling, etc., for the above period :—
£ 3. d.
Milling 0 10 111386
Mining, hauling, pumping, etc. 0 9 7989
General charges, maintenance 0 3 3725
£1 3 11400 exclusive of mine redemption.
£ s. (1.
Value of gold per ton from above period 1 13 10'434
Working expenses, as above, per ton 1 3 11400
Profit per ton o 9 noel
Working Expenses and Revenue for year November, 1892, to October, 1893.

5‘ Ge dMine
Month. .‘ . .
Mmmg I. .
Mlnmg neml
char . evelop-
ment Total
workin Revenue.
Yield of old Profit.
2 expenses‘ expenses’ Mainbegnfnce. redemp- expensegs. per tog.
, tion. ‘
1892. i 1.2 7d. i‘ a. d. s. d. I 0. £ s. d. £ s. d. 5: s. d;

November... \ 9 33% 10 2718 3 0% 5 1 7 6‘852 1 15 10957 1,626 19 2

December 9 4'84’? 9 10960 3 8’437 5 1 8 0244 1 9 9204 291 14 8
1893.
January ..., -— -- -— -- — — —
. Loss.
February 12 9'75! 8 18'300 6 5'623 5 1 13 1'677 1 O 11'351 1,972 1? 2
Pro 1;
March ; 9 4'433 8 0631 1 10%39 5 1 4 3'85’) 1 4 7'698 88 8 10
April... ‘ 8 6220 7 0873 2 10'410 5 1 1 3 45% 1 14 10555 2,510 10 5
May I 8 2277 6 10892 1 6'945 5 1 O 8114 1 18 11'881 4,732 6 4
June 9 0461 7 2034 3 2963 5 l 1 4 5'458 2 7 4'811 5,1&5 16 2
July 8 5384 7 7'93!) 1 9'345 5 ‘ 1 2 10668 1 17 9999 4,079 15 8
August 9 6'052 6 9(1):’) 2 10071 5 1 1 4 1'125 1 18 11295 4,183 19 8
September 9 5'862 7 6243 2 1'395 5 1 4 1505 1 17 5791 3,707 11 2
October 8 7513 6 10478 2 5'645 5 ‘ 1 2 11'636 1 13 7648 3,073 16 0

Average‘... 9 2‘426 7 7'706 2 8‘743 5 I 1 4 6'87?) 1 15 2359 27,5(B 5 0

SUMMARY.
Ewpenditure. Revenue.
£ s. d. £ s. (1.
Mining and milling, etc., From mill as above per ton 1 15 2359
as above . per ton 1 4 6'875 ,, tailings and concen
Depreciation ,, 0 1 9372 trates ,, O 1 1'44!)
Total
Net profit
expenses ,, O1 69 11561
4'247

£1~1e 713-808 £,1,,1_6__3§!8.

Working expenses and revenue for year ending October 31, 1894.

1 Mine de- Mainben- ' Profit per

Period , Mining Milling velgpment ance Mild wgffigg , Z5513‘ mil by
' 1, expenses. ex pt*nses. I retiomp-
em nera
:lfnrges. expenses‘ ‘ wn' amation.
game.
7i4 i l 1. (z. s. a. 1 s. 1. d. a. a. ‘,5: s. d. i s. a.
Year ending October] 2 ' ' 4 pv
l 0 311-1 28 6'1 ‘1162-846 3 2896
31,1894 f‘;| 13 78 5111 , i ‘1
468 "'1 T WA TERSRAND MINES.

Statistics of Monthly Working Expenses and

Working expenses.

Mining and milling. Cyanide works.

‘a H

25 Q32 ad
Mining Milling . General 2 31 T0011 working °‘-— *3 Cyanide s3
1893' expenses. expenses. Maintenance‘ charges. £3 E expenses. E E expenses. '5 ,9;
a": c: ,B '5 E1 r’
-=:G) a
E.O— =a
1 11- 1 i_ "a, i .* L.__i1. m1_ __
Cost Cost
ton.per Cost ‘[ per
Cost Cost
ton Cost‘ per Cost
ton. Cost‘, per ton. Cost Cost
per ton Cost Tons
Cost‘ perton.
}— —‘ _ 7 ‘ ~l — k ‘*4
£ 3 d. .6 s. d. £ 8. d. :6 ‘s. d. £ 0. £ £ a. (1. £ .9. d.

Nov. 2,32210 5-359 1,6377 4-383 4852 2217 1580 8528 1,111 5 5,7161 5 8487 4,447 — — -
l
Dec. 2,487 9 6359 1,6346 3-140 2611 0-022 2300 10531 1,3055 5,918,]. 2 8112 5,220 — — -
1894. , L
l
, '
Jan. 1,88310 10-301 8775 0713, 407|2 4166 3562 0643 $7 5 4,392ll 5 3823 3,470 — -— —
Feb. 2,41914 0288 8835 1492 5233 0326 2631 6-317 862 5 4,9511 8 8423 8,450 — —- —
March 2,675 14 7-130 4356 4882 7'923‘ 186:1 0'242 916 5 5,2471 8 7651 8,665 —— — —
April 2,59915 1-644 9365 5419 4692 8843 281,81 7623 858 5,1441 9 11-529 3,434i — — —
l 5
May 2,64815 10-260 1,097,6 6868 4492 8315‘ 2181
1
3642 835 U‘
O‘
6'
0'
Q‘ 5,247,1 11 5-085 3,340 - — -
June 2,72315 10'529 1,0025 10083 4122 4776 26911 6885 857 5,2681110 8273 3,430 - — _
‘ I
July 2,57115 2229 9625 8130 4172 5528 2991 9191 847 5,0951 10 1078 336612537 0285 3,570
l I
Aug. 2,82616 5'673 1,0075 10449 3992 3915 5933 5'47?) 858 5,6821 13 1512 3,430 9256 1515 3,020
\
Sept. 2,61915 0'559 1,016’5 9961 4042 8816 2161 2-843 871 5,1251 9 5-179 3,4821,047:6 8455 3,125
Oct. 244413 11724
0
1,1836 2'28? 4312 5583 475,2 8'567 875 5,3051 10 4-161 3,49611,0746 7247 3,250

30,21613 7'884 18,11615 11-143 5,1452 390535441 7226 11,062 5 68,0851 8 615844, 399,6 7'590’12,9(§0

Sui
Etpenditure.
£ a. (7.
Mining expenses . 0 13 7884 per ton
Milling expenses . 0 5 11-143 ,,
Maintenance . 0 2 3905 ,,
General charges . 0 1 7-226 ,,
Mine development redemption 0 5 0-000 ,,
Depreciation and bonuses . 0 4 5-792 ,,
1 12 11-950 ,,
Net profit . 0 3 2896 ,,
1 16 ‘2846 ,,
Cyanide expenses 0 6 7590 ,,
Net profit 0 8 10639 ,,
£0 15 6229
 WITWA TERSRAND MINES. 469

Revenue for the year ended October 31, 1894.

Revenue.

Gold from mill. I'I‘ailings

Gold from cyanide works. 601d and
1i1_‘, i1i 11,,111—A. treated
1 b the
1 nd
l Central
l , Ore Re
1 1 duction
I Go.
G You Y‘101a p61‘
1A monn t!, Value of l, G 1'05!
YieldAmount Value of In Total
.
held. v, ton. -
refilled.’ gold
per mm I, Profit -
Yleld. per ton. realized.
gold Profilzl Profit.
per ton. terest. profit.

’ ’—_l—* l__——‘ i
02. dwt. gr. 1 £ |£ s. d. 1 £ oz. dwt. gr.

2,102'31 9 10919 , 7,1‘ .. ‘1 12 0371 1,406 ~— 1,559

2,387-96 9 2682,, 8,762‘1 19 6890; 2,844 _ 8,109
1

‘
1,710'03 9 20545 6,810 \ 1 16 4'42?
\ 1,917 — 2,883
1,710-45 9 21'975 ‘ 6,366 ll 16 10897 1,415 — 2,697
‘ I

594 2,383
1,571-15 10 5062 6,988 11 18 1-652 I 1,740 -
1,8‘20'70 10 14'495,‘ 6,816 1 19 8365‘ 1,671 — 2,022
1,715'00 10 6'46’?i 6,379 1 18 2'375, 1,131 —
1,805
l
1,571'62 9 3'93?) 1 5,758 1 19 6862 495 — 618
l
1,718'15 10 3'365l 6,268 1 17 0260} 1,174 708'03 3 23197 2,147 0367 898 2,068
1,723'85 10 1'238 \ 6,322 1 16 10312 , 641 80900 5 8682 2,470 4305 1,545 375 2,562
1,753'88 ,10 1'77?) l 6,429 1 16 11'188 ‘ 1,306 898'82 5 18058 2,661 2909 1,646 , 2,958
1,8047%) 10 7'78!) 6,659 1 18 0714 1 1,349 903-25 5 13403 2,749 10964 1,676 196 3,219
WI 1 \
21,889'83 9 21449 l80,174 1 16 2'846 ‘17,089 3,319'10 {-1 2'882 10,060 6229 1,021 27,878
! 5,760 l 8,507
luuw. Less bonuses vohzd to the former
Revenue. manager and managing
director at the meeting of
Gold account— shareholders held on De
£ a. d. cember 11, 1893 405
From yield of mill 1 16 2846 per ton. 'Deprficiation for year, as per
From yield of cyanide works 0 15 6-229 ,, pmfit. and loss account 9,612
Tailings account—
Net profit 1 11-851 ,,
4'70 "'11 IVA TERSRA ND MINES.

The average of mining expenses has somewhat increased as compared with the previous year,
owing to the hard nature of rock dealt with, and owing to a considerable amount of dead work
done during the year.
£ 6. d.
“forking expenses as above brought down 1 8 6'1
Depreciation and bonuses 0 4 5792
Cyanide expenses £ ‘9. d. 0 6 7590
Net profit by amalgamation 0 3 2896
,, - ,, cyaniding . . . 0 8 10-639
0 12 1'53!)
,, ,, tailings treated by contract O 1 11851
Total net profit per ton a o 14 1-386 0 14 1386
Total revenue per ton £2—13

The increase in the profit per ton is striking in comparison with previous years, and must be
mainly attributed, as mentioned before, to the Company treating its own tailings. The working
cost is slightly higher than the year before, owing to the reason above referred to, and an increase
in the item of general charges and maintenance. This is accounted for by the very considerable
and more than ordinary amount of work done during the year in order to get the works into their
present state of completion and good order.
The following tables give the cost and profit from November, 1894, to February, 1895. No
provision is made for depreciation.

November, 1894.

Account. Expenditure. Per ton. Revenue. Per ton. 1 Profit. ' Per ton.

£ a. (z. s 1.. d. s 6. 01.2 s a. d. .

Miningreduction, etc. 5,37019 6 1 10 6'4 6,687 9 9 1 16 14 1,316 10 9 7 6-0
Cyaniding 1,2281411 o 7104 2,89814 ll 018 6-6 1,66919 2‘ 10 e2
Totals ... ... 6,59914 5 118 4'8 [9,586 310i 216 so ‘2,986 9 6‘ 1s 22

December, 1894.

Account. ‘ Expenditure. Per ton. Revenue. Per ton. ’ Profit. Per ton.

Mining reduction, etc. ‘5,440 9 3

‘saasahie...1.‘£..d.i£,.d.
1 10 4‘4 , 6,669 10 11v 1 17 2'7 7 1,229 1 8
9.11.
6 10'3
Cyaniding 1,088 9 3 0 6 11'6 i2,894 14 2 018 63 [1,806 4 11 11 6'7

Totals ‘6,52816 6, 1 17 4 19,664 5 1) 215 9 13,066 6 7 18 5

January, 1895.

Accc'mlt- I Expenditure. Per ton. Revenue. Per ton. , Profit. ‘ Per ton.

__ _ £s.d.£s.d. £1.d.'£8.d.'£a.a.s.d.
Mmqlgred‘wtwmetc. 6,264 7 1 114 3-4 6,671 18 8 1 16 6-1 40711 7 2 2-7
(avamdmll 935 4 0 S) 6 2'3 2,683 10 10 017 103 1,748 610 11 8
i , , I ’
Totals i7,199 11 1 11 0 5'7 9,355 9 6| 2 14 4'4 l2,15518 5’ 13 107 _

'ota—The expenditure on mine development and mining was comparatively high, owing to
the number of WOI‘klng “headings” being temporarily reduced.
accmglltle exPenditure under “charges” is inclusive of cost incidental to making up the annual
, s.
 1V! T WA TERSRA ND MINES. 47 I

Falnwary, 1895.
Account. ' Expenditure. Per ton. Revenue. , Per ton. l Profit. ‘ Per ton

‘ £ .7. d. L s. d. i: r. d.1 f. .9. d. ‘ £ a (ll £ a d.

Mining reduction, etc. ‘5,070 2 0 ‘ 1 10 9'7 6,1321 10 1 1 17 1'8 | 1,043 8 1| 0 6 4'1
Cyaniding 852 7 11 0 7 1'2 2,537 10 4, 1 1 1'7 1,685 2 5 0 14 0'5
Interest and discount 1 — . — 189 2 6, —- 189 2 6 —

Totals ‘5,922 9 11 1 17 109 8,860 2 11% 2 18 3'5 ‘ 2,917 13 0' 1 0 46

1

Detailed table of Revenue and Erpenditure from November, 1894, to February, 1895.
l-
*' "w—w Working
* " rexpenses. ‘ *' ‘ Revenue.
I " |’
Month, Mining,
. . i; Milling,
. . lalgggl'ngzr-Chargea,
, - \1 mugs.. Tm, Cyauidlng, £22116? Gold mlll, qgglge, TotnLper' 112mb"
Hi. 70

per ton. ‘ per ton. , mm per ton. , '0'“. ‘ , per ton. per um’ per ton. per mm toil. per mm
— 1'— ili' ‘"' “"' 1" ' ‘A "
1894. ,‘07. ales. (1.1.90. aflel. 71.128.11.21. held. an. a. a‘. 4.14:7. a. £8. a.'e-. a.
November I0 14 9'8 0 5 5‘5 l 0 3 3'5 0 1 11'6 0 5 U 1 10 6'} 0 7 10'4 1 18 4'8 1 15 0'4 ‘ 0 18 0'6 ,2 111 7'0 0 18 2'2
Decltggsber 0 14 2'3 0 5 411,0 2 91 0 2 6'1 0 5 0 1 10 4'4: 0 0 11'!’ 1 17 4 1 17 2‘7 } 0 18 0'3 ‘,2 15 9 0 18 5
January- "- 0 15 101‘ 0 5 0'1 10 3 0'2 0 4 4'7 ‘‘ 0 5 0 1 14 3'4 1 0 0 2'3 2 0 5'7 1 16 0'1 0 17 103 l 2 14 4'41 0 13 10'7
February 0 15 9'7 0 5 1'3 0 3 1'2 0 1 3'5 0 5 0 1 10 9'7‘ 0 7 1'2 1 1 17 100 1 17 1'8 ‘ 1 1 1'1 2 18 3'5, 1 0 4'6
1 1 _. ,, _. W l l i v , ‘

I Working expenses. I Revenue.

31mm‘ ,
I -
Mhilng. - -
I Milling. , Mninteii-
I
mice. , Charges. "(410111
um“! )-
' " . .
Total. ,CFfHHfliflK-l Total
I
ex-
Dense!‘
‘“ " ' ' -
Gold mill. Gold
cylnme
l
,' Total.
' Pmflt
mom,‘for

—\, \ 7 _7l_ _, l _ _ >_; 7| w" __ _' _—l __ 7

,
in“. is “1.; 1: 8d. .0 ..i. , 4: L11. 4: I a.‘ L 7 .~I 2 s a. 2 n.d c |.d. i: -. a1‘.- sa. 1: 7.71.
November 2,6011 5 7, 960 l 5 579 11 4 815 16 2 N70 5 05,370 19 Bi 1.22‘! l‘ 11 0,599 1| 5 0,1917 9 9 2,808 14 1 P5"! 3 10 2.9“ 11 5
Dcclcslgabe 2542 0 9, 961 2 1, 499 4 3 ~14!) 9 0 955 6 65410 9 $1,088 9 14 6,528 18 6 6,589 10 11 2,50‘ 11 2 0,56‘ 5 13,035 (I T
. - 1 -
January "2,899 0 51,006 11 2, 551 17 10 802 12 21.005 2 611,281, 7 ll 035 4 0 7.199 11 1 ".071 18 8 2,888 10 10 19.2155 9 02,155 1'3 5
February 2,801 18 Ol 811 0 3| 509 19 4; 211 19 11 0(5 0 65,070 2 0| 653 7 11 5922 0 11 0,113 10 l ‘ 2,537 10 4,8,651 0 52,017 15 U

MILLIXG Axn GoLn PRooUc'riox.—Besides its own stamps the Company had the hire of the
Spes Bona Company’s 25 stamps until the end of 1893, and in view of the contract then terminating
the Company added 10 stamps to its own 30-stamp battery, making 40 stamps, which have been
running ever since. The average crushing results are given below, showing the whole production
since starting of milling operations and the average yield by amalgamation only. For the year
ending October 31, 1894, and the following months up to end of February, 1895, the detailed
monthly results of the crushing operations are given.
Total Tonnage Milled, Total Yield in ounces, and Total Value of Gold.
|s . Time
-
.-
Peuod' ibtamps' running. 'l. crushed.
Tons Avera e _.1eld
p91‘g13011. Total .
yield
of gold. ,I ‘'. aluo of gold'

, dy. hr. . dwt. gr. oz. 5.‘. I. d.

1887
1888 —
20 I —
— l —
3,540 1l 1900 — 30700
3,351 1,112
12,147 0
0 0
0
1889 to 1890 20 -— 1 8,762';l 5'09 2,232'6 7,255 13 0
April to October,, l l
1892 . 1892, to i
November, 20-35l, _ f 17,1575i , 0 4-468 8,042-31 29,500 14 0
October, 1893 .20-55 - & 51,7 7 l a 12501 24,673-44 91,136 6 0
November, 1893, to l ‘ i
October, 1894 .55-40, 328 17 44,250 0 21-44 21,889-83 80,174 17 0
November, 1894, to 1 ,'
February, 1895 40 1 _ \ 10,846 . 10 5-04 7,173-07 26,142 9 5
, Total, 1305431 , 67,669'75 l 247,558 19 11
The above results were all obtained from plnto-anialguiiiation exclusively, without treatment of
concentrates and tailings.
 472 WIT WA TERSRA ND .unvzzs.
During the past year to October, 1894, 46,355 tons of ore were raised and sent to the
mill, viz. :—
tons.
From the South Reef 16,592
,, Main Reef 14,575
,, Main Reef Leader 13,560
,, Headings 1,628

Total 46,355

From the above table it will be easily seen that the ore raised has been taken in a fairly
even proportion from each reef, and that the mine has been worked in a systematic manner. The
reefs in the various stopes between the 2nd and 4th levels, from which the above tonnage has
been extracted, have proved to be much narrower than they were in the oxidized ore above the
2nd level; but owing to the fact that careful sorting has been resorted to, the average yield has
been fully maintained. It is, however, encouraging to note that the winzes below the 4th level
give every indication of the reefs widening out again.

SORTING AND CRUSHING.—In consequence of the narrowness of the reefs it was decided to
erect a separate sorting and crushing house. The percentage of waste rock thrown out equals 25
to 33 per cent. of the whole of the ore mined and sorted. It is intended to increase the plant to
double its present capacity, and to add another No. 5 Gates rock-breaker to meet the increased
milling power which has been erected.

Statement showing details of Monthly Production from November, 1893, to the end of
Februam, 1895.

Month. Stamps. Time running. Tons crushed. Average yield per ton.’ Gold won.

1893. dy. hr. min. dwt. gr. l oz.

November 55 22 15 7 4,447 i 9 1091 i 2,102'31
December 55 27 5 28 5,220 I 9 3'58 2,357'96
1894. i ‘
January 40 24 15 47 3,470 ; 9 20'54 1,710'03
February 4o 25 10 46 3,450 E 9 21-97 1,710-45
March 40 28 2 -— 3,665 10 5'06 1,871'15
April 40 27 3 — 3,434 10 1449 1,820'70
May 40 29 10 4 3,350 a 10 6'46 1,718'00
June 40 28 8 39 3,430 9 393 1,571'62
July 40 28 14 — 3,386 , 10 3'56 1,718'15
August .. 40 29 7 44 3,430 10 1'23 1,723'85
September 40 28 10 19 3,482 10 1'77 1,753'88
October 40 29 9 30 3,496 l 10 7'78 1,804'73

Totals and averages 42-5 328 17 1 44,260 9 21'44 21,862'83

Average number of stamps 42'5.

,, time running 328 days 17 hours 1 minute.
Tons crushed (of 2,000 lbs.) 44,250.
Gold won 21,889'83 oz.
Average yield per ton 9 dwt. 21'44 gr.
Daily duty per stamp 3'37 tons.

The average yield, viz. 9 dwt. 21'44 gr., shows a slight increase over the previous year’s
record: The mine having proved, by later developments, fully capable of supplying a much larger
stampmg power than at present exists, a new 50-head mill of Fraser & Chalmers’ latest heavy
type has been erected, giving a total milling power of 90 stamps, with 50 more to be added.
 WI T WA TERSRA .v 0 MINES. 473

Month. Stamps. Time running. Tons crushed. I Avigigsbifeld Gold won.

1894. dy. hr. min. _ dwt. oz.

November ... ... .. . 40 28 6 17 l 3,517 1038 1,826‘83
December ... ... . .. 40 29 2 11 3,583 1020 1,828'35
1895').
January ... .. . . .. 40 l 29 4 11 , 3,655 1001 1 ,829'99
February 40 ‘, 26 9 43 r 3,291 I 1026 1,687'9

Tailings .' The Company sold its tailings under contract to the Rand Central Ore Reduction
Company up to the end of March, 1894, when arrangements were made for the erection of
cyanide works, which were completed in June, 1894, and have been in going order ever since. The
value of the tailings is estimated at 5 dwt. per ton. The new works have a capacity of treating
3,000 tons monthly, and are erected between the mill and the rock-breaker house, consisting of 4
vats 24 ft. in diameter by 9 ft. height. The extraction boxes are placed lower down the hill, and
the cyanide solutions pass by gravitation into them. With the erection of the new 50-stamp mill
:1. corresponding additional tailings plant has been constructed. As the Company only participated
in the profits derived from the treatment of its tailings, no actual working results have been pub
lished. The following table shows the tonnage treated :-
Actual return
from tailings
Yield. per ton.
tons. oz. dwt.
12 months ending October 31, 1893 13,512 — ——
November, 1893... 2,960 — —
December ,, 2,216 — ——
January, 1894, treated... 4,283 710 3‘315
,, ,, sold 3,153 — —
February ,, ,, 3,860 — —
,, ,, treated... 3,215 717 4398
March ,, ,, 3,818 760 3981
April ,, ,, 3,546 708 3996
May ,, ,, 4,085 817 4
June ,, ,, 1,250 154'62 1664*
,, ,, ,, 4,667 696 2802

The Company’s own cyanide works have treated the following tonnage since June, 1894, with
the subjoined results :—

Month. Tailings. i Yield. Average per ton.

,i, W _—_V_,_,_,,__
i tons. oz. dwt. gr.
I
gupe, 18J4... 3,57 ‘ 70803 3 28197
ny ,, | (
August ,, 3,020 80.100 5 8582
September, 1894 3,120 | 898-82 5 18058
October ,, ... ... ... 3,250 90325 5 13403
November ,, 3,125 ‘ 91575 5 2064
December ,, 3,125 ‘ 9153 5 2040
January, 1895 3,005 I 89535 5 23-04
February ,, 2,400 l 787-05 6 1344

24,620 , 6,832'55 5 14595

DESCRIPTION OF PROPERTY.—The Company owns the freehold of its mining area extending
over 29 morgen 376 square mode, which was purchased in June, 1893. The Company’s mining
property comprises 104-36 claims situated on the Main Reef series, exclusive of a piece of ground
in extent 2 morgen 70 mods, and a block of claims measuring 523 x 150 ft., equal to 3048) claims
* Low yield due to exceptional circumstances.
4'74 WITIVA TERSRA ND MINES.

sold in December, 1892, to the Meyer & Charlton Gold Mining Company. The Company’s claims
are situated as follows: The Company’s mynpacht consists of about 30 claims, of which 14'66 claims
are situated on the outcrop of the Main Reef series, extending for a length of 2,175 ft. Then follow
14'66 claims, forming the first dip and the balance portion of the second dip. The average distance
from the outcrop t0 the southern boundary of the mynpacht varies from 810 to 840 ft. Beyond these
claims the Company owns another block of 59 claims, known as the Ray Block, of which 20 claims,
in rows of 10 each, protect the remaining portion of the second dip and the entire third dip for a
distance of 1,500 ft. on the strike of the reefs from the south-east corner of the mynpacht. Then
follow 6'35?) claims (known as Bewaarplaatsen claims) in a line of the fourth dip, and further south
9'09 claims covering the water-right. The above area, in extent 6543 claims, comprises the Wol
huter mine proper. Besides the above, the Company owns another block of 39 Main Reef claims,
which cover the dip ground of the Spes Bone. and George Goch Gold Mining Companies. The
distance of the outcrop of the Main Reef series in the Spes Bona, to the north boundary of the dip
claims belonging to the VVolhuter Company, is about 810 ft. The dip-claims of the Wolhuter
Company, which follow on the Spes Bona, have an average length of 2,000 ft. on the strike of the
reefs, which equals 13§ claims, forming the second dip of the Spes Bona. Then follow 14 claims,
covering part of third and fourth dip, and also 2 claims the same dip of the George Goch. Im
mediately south follow 7 claims, forming approximately the fourth dip, and further south 1 claim.
In addition to these, 72 deep level claims were acquired from the Rand Mines at the time of the
last increase of capital, thus augmenting the dip of the Company very considerably, giving a total
area of 176 Main Reef claims. The Company formerly owned 14 morgen 467 square roods north
of the Main Reef. This piece of ground has been sold to the Ford and Jeppe Estate Company for
4,000 shares in the latter.
MINING INTELLIGENCE—The Wolhuter is a three-reef proposition. Reefs .' The reefs being
worked are South Reef, Main Reef Leader, Main Reef, and North Reef. In the eastern section the
Main Reef and North Reef form one body, while in the western section the North Reef is about 90 ft.
north of the Main Reef. The Main Reef so far has proved of greater value in the eastern section than
in the western, where it has not been worked at all yet.
Width of reefs : South Reef, Main Reef Leader, and North Reef vary in width from 3 in. to
3 ft. The stopes are being carried as narrow as possible, in some stopes 18 in. in others 2 to 3 ft.
The combined stoping width of the reefs is from 5 ft. to 6 ft. The Main Reef has a width of from
3 to 4 ft.
Position of reefs : The average distance separating South Reef and Main Reef Leader is from
40 to 60 ft.
Angle of dip : Average down to present depth 42 per cent.
Levels driven : 1st level, vertical depth, 70 ft.; 2nd level, vertical depth, 138 ft.; 3rd level,
vertical depth, 320 ; 4th level, vertical depth, 430 ft. ; 5th level, vertical depth, 570 ft.
MINE DEvELoPMENT.—The mine was hitherto worked by means of three shafts, viz., west
vertical shaft, main vertical shaft, east incline shaft. East Incline Shaft: 11 x 5 ft., situated 150
ft. from the eastern boundary, sunk to the 3rd level. Main Vertical Shaft: 12x5 ft., distant
‘920 ft. from the eastern incline shaft, is situated in the centre of the property. It is carried down to
the 3rd level, and from there carried down to the 5th level. West Vertical Shaft: 10 x 5 ft., distant
870 ft. from the main vertical shaft, and 190 ft. from the western boundary. The shaft is sunk to
the 3rd level. New Alain Incline Shaft: 15 x5 ft., inside the timbers, is a two-compartment shaft,
and timbered down to the 4th level. This shaft is situated 250 ft. north of the main vertical shaft ;
and it connects with the main vertical shaft at the 3rd level, has been continued down to the 5th
level, and is now being sunk to the 6th level. The measurements are as follows : from the
surface to the 3rd level, 383 ft. ; from the 3rd surface to the 4th level, 113 ft. ; from the 4th surface
to the 5th level, 150 ft. ; total, 646 ft. In a cross-cut, south 48 ft., the South Reef has been inter~
sected on the 5th level. In a cross-cut, north 20 ft., the Main Reef has been intersected on the 5th
level. All the hauling from the mine is performed through this shaft; the three shafts above
referred to are therefore practically abandoned. The sinking of a new deep level shaft in the
eastern section is now under consideration. 2nd level : The work on this level consists of a drive
on the North Reef (or foot-wall leader of the Main Roof) of 212 ft. west of the main incline shaft ;
to the east of this shaft drive on the Main Reef Leader, completed to the boundary, equal to 326 ft.
3rd level: The Main Reef, Main Reef Leader and South Reef have all been developed on this level,
west of the main incline shaft to the boundary, and driven east of the shaft 526 ft. on the South
Reef, while on the Main Reef and Main Reef Leader the drive has been extended east for 371 ft.
Further east (i.e., east of the east incline shaft), the Main Reef Leader and South Reef drives have
been extended to the boundary, and west of the east incline shaft, towards the main incline shaft,
310 ft: on the Main Reef Leader, and 294 ft. on the South Reef. 4th level: Drives east of the
mam incline shaft on the South Reef, 334 ft. 2 drives west of the main incline shaft on the South
Reef, 392 ft. ; drives east of the main incline shaft on the Main Reef Leader, 251 ft. ; drives west
 WI T WA TERSRA ND MINES. 475
of the main incline shaft on the Main Reef Leader, 235 ft. 5th level: Cross-cut north, to intersect
‘the Main Reef ; cross-cut south to intersect the South Reef.
Ore-reserves: The ore reserves at June 30, 1894, amounted to 76,428 tons. All mine develop
ment was formerly done by hand, some 9,000 to 11,000 tons being developed monthly. Develop
ment is being expedited by means of a 15-drill air compressor plant. The ore of the 1st and 2nd
levels on the South Reef is practically exhausted. The South Reef on the 3rd and 4th levels is
now being opened up; these levels being practically intact. The Main Reef Leader on the 1st and
2nd levels is almost exhausted, though in some parts where the reef assayed poorer it was left
untouched, and remains to be treated. This reef is now being developed on 3rd level. The North
Reef is a good and payable reef. Whilst practically exhausted in the let and 2nd levels, it stands
intact in 3rd level, which is being developed.
Ore-reserves as estimated October 31, 1894.
The quantity of payable ore developed and standing ready for stoping was estimated at 101,900
tons, which is an increase of 61,153 tons over the tonnage developed at the end of October, 1893, viz.,
40,717 tons, in addition to 44,250 tons milled during the year. Table showing the reserves
on the respective reefs :—

’ Gross tonnage. ? Deduction for faults :.

and break,“ Payable ore.

Main Reef 26,100 5 4,520 t 21,580

Main Reef Leader ' 49,630 ‘ 6,780 42,850
South Reef . | 44,250 6,780 , 37,470
Totals (Oct. 31, 1894) 119,980 18,080 ! 101,900

The following table gives the approximate tonnage developed on the several reefs at the different
levels as at October 31, 1894, together with the average width and value of the reefs :—

Main Reef. Main 1133 Leader. I South Beef.

Tons. 1 Width.‘ Value. Tons. i \Vidt'n. Value. Tons. i Width. Value.
inches. dwts. I“ —! inches. dwt. 1 inches. , dwt.

2nd Level I - _ ,_ 7,405 11-28 15-75 — l — 1 -

3rd Level ...1 17, 34 15.65 5866 30,810 7 261 151 28,480 , 1027 j 412
4th Level .. ' 3,746 372 13-50 4,635 ‘192 t 105 8,990 , 4-5 70-5
.1 ' I . >*__—_,—— h?‘

Totals 21,580 - i - 42,850 _ l _ | 37,470 ‘ -_ ; _

Since the above date, rock-drill plant, driving 15 drills, has been in full working order, whereby the
ore reserves are being materially increased, while the discovery that a considerable portion of the
Main Reef is payable in the lower levels gives a larger quantity of ore-reserves on each level.
Since October, 1894, the ore reserves have increased as follows :— ‘
' tons.
November, 1894 1,575
December ,, 669
January, 1895 3,173
February ,, 8,909

14,326
i tzus.
Tonnage of ore in reserve at October 30, 1894 101,900
Developed from November, 1894, to February, 1895 14,326

Total ore reserves at end of February, 1895 116,226

Owing to the advanced rate of development by means of the rock-drills,which are now at
work, the ore-reserves have been much increased, and on July 31, 1895, they amounted to 182,447
tons.
476 WI 1 WA TERSRA ND MINES.
EQUlPMENT.——Fr0m April to June, 1892, the Company crushed with 20 stamps of the Spes
Bona; July to October with the same Company’s 35 stamps; January, 1893, battery shut down.
In February, 1893, 20 stamps of the \Volhuter Company worked together with 35 of the Spes
Bona; the Wolhuter Company added 10 stamps to their 20 in May, which together ran until
December, 1893, when the contract for the hire of the Spes Bona mill expired, In the meantime
the Wolhuter Company added another 10 stamps to its own 30, which brought up the total to
40 stamps. Of these 40 stamps 20 are Sandycroft 750 lb. stamps, 10 Turner, and 10 Hornsby.
For the two months ending October, 1893, the average duty per stamp per day was 3'7108 tons.
The mill engine consists of one 30 h.p. compound Robey engine and four 16 h.p. boilers; Berdan
pans; Hornsby automatic feeder. The mill is erected on the Natal Spruit, about one mile away
from the mine. Main Incline Shaft, No. 1 : The main incline shaft is sunk to a depth of 750 ft.,
dipping at approximately 42°. It has 2 skip-ways, pump- and ladder-way. Dimensions, 15 x 5 ft.,
timbered throughout. The skips, self-tipping, carry 1% tons of rock. The head-gear (timber) is
fitted with 2 bins, one for waste rock, the other for ore. The pump, Cornish type, is 10 in., and is
driven by a. 30 h.p. engine by Ruston, Proctor, & Co. The hauling engine is of 50 h.p., with
independent drums; depth indicators constructed by Robert Daylish 8:. Co. Compressor, con
structed by Walker, 24 x 48, works 15 drills; the receiver is 5 ft. 6 in. x 14 ft. Two 6-in. double
plunger donkey pumps and feed-water heater supply water to the boilers. Electric light is obtained
from 2 Elwell-Parker dynamos, driven by one 12 h.p. Marshall engine. The light is distributed to
the mine, surface works, and to the old mill. Boilers: 3 Ruston & Proctor boilers of 100 h.p. each,
supply steam to the above-mentioned engines. New Incline Shaft, No. 2: This shaft measures
15 ft. x 5 ft. 6 in. Its equipment consists only of a small engine for sinking purposes; it will be
completely equipped when the depth increases. Old Main Shaft, vertical .' Steel head-gear. This
shaft is now disused and only kept as a means of exit from the mine in case of accident, and
for ventilation. Crushers’ Station and Sorting Plant: From the main incline shaft the ore is
taken to the crushing station, which is situated half way between the shaft and the new mill, by
means of endless rope haulage. It is there tilted on two sets of grizzly bars placed in opposite
directions, so as to throw the coarse and fine quartz into different parts of the structure. The
quartz having been washed is sorted by hand, and goes to the crushers placed immediately below
the sorting floors (crusher by Gates, N0. 5). The engine, 25-h.p. by Tangye, in addition to the
crusher, drives the endless rope haulage. The crusher station is being largely increased, so as to
double its capacity. It will then be driven by one 50 h.p. engine by Ruston & Proctor, Corliss
type. This engine is now in position.
Cyanide Works—The tailings are taken by means of endless rope haulage from the settling
tanks erected below the mill. These, 3 in number, are fitted with rotary distributors and bottom
discharge. The water, after leaving the tanks, is pumped by means of a large centrifugal pump to
slime pits, where the slimes are kept for further treatment. The cyanide plant consists at present
of four 125-ton leaching vats, and one 20-ton concentrates vat, all fitted with bottom discharge; 3
solution vats, 4 extraction zinc boxes, 1 revorberatory furnace for smelting, and 1 roasting furnace.
Tailings are now taken to dump by trucks and mules, but an endless rope mechanical haulage is in
course of erection. Foundations are completed to receive 6 new circular leaching vats of 350 tons
capacity. Below the mill described below, and above the present cyanide plant, 5 new settling
tanks of 350 tons, and 2 smaller ones of 125 tons for classifying tailings, are erected.
Old Mill, on the Natal Spruit.—This mill consists of 40 stamps and 4 Berdan pans. The
tailings, on leaving the mill, are elevated by means of a 20-ft. wheel to the settling pans described
with the cyanide plant. The mill is driven by one 30 h.p. Robey engine and 4 locomotive boilers
by different makers. The quartz reaches the mill by means of endless rope haulage driven by the
engine of the crusher station. New MilL—This mill consists of 50 stamps, Fraser & Chalmers’
1,050 lb., fitted with Home-stake boxes and Challenge ore-feeders. The engine, 250 h.p. by
Fleming &. Ferguson, is compound condensing (not dead centre type). Steam is obtained from
three 100 h.p. Ruston & Proctor boilers. The plant, engine, and boilers are being duplicated, so as
to drive 100 stamps, for which provision is being made. These engines will also drive dynamos for
transmitting power to the different motors erected at the pumping station or for lighting purposes.
An auxiliary engine of 25 h.p. will be erected to supply power to all electric motors, in case of
stoppage of the main engine. Below the mill will be erected a 30-ft. wheel to raise the tailings to
the new settling pits above described (see Cyanide plant). Workshops: The workshop for fitters
is furnished with all tools, such as one ‘BO-ft. lathe, one 6-ft. ditto, drilling, planing, screwing,
circular saw, and iron-cutting machine. Smiths’ shop: This shop contains 1 small Harvoy’s engine
for driving the blowers, 3 forges, and 2 Bradbury drill-sharpening machines. The workshops are
being greatly increased, and will, in addition to the above plant, have one 300-lb. power hammer.
Wait-r {mpply: The water supply is obtained from the Company’s dam. Capacity, 17,000,000 to
18,000,000 gallons. It will be pumped by means of one 3-plungers pump, driven by electricity
Obtained from the engines of the new mill, and conveyed to the reservoir built on the highest point
 WITWA TERSRA ND MINES. 477
of the property. This reservoir, in addition to the ordinary requirements, will contain a supply of
water suflicient for the mill for 24 hours, so as to insure against stoppages through accidents
to the pumping plant. From the reservoir the water will be distributed where required by gravi
tation. From the station spring water will be pumped and distributed to the various boiler houses
for steam purposes.

CAPITAL Exrssnrruan :—

Permanent 2 .
. . . .
Machinery .
Mine . works
mine i .. New Low dam ' C 7m—
Period. Buildings. and plant. (‘"810 mum new main ’ , oD-stamp Natal ids Total.
p incline shaft , mill. spruit. Works.

Fm N ,9‘, £ ad. £ 8.11. .6 la.‘ .2 1.11., s ..d. £s.dy£s‘ s 571

m 0v. ., 1
to Oct. 1894 2,722 7 427,184 15 9 29,260 8 3 5,458 3 0| —- 5 0 0 — 164,637 14 4
November ,, — ‘1,909 6 5 2,46413 4 486 9 3, 9411 8 20 0 0 - 4,925 0 8
December ,, — 1,984 12 1 2.024 7 1 431 18 6 920 16 3 62 16 8 -— ‘ 4,824 10 7
January, 1895 — 472 4 7 2,743 4 2 729 2 2, 511 18 2 20 0 0 — a 4,476 9 1
February ,, 123 13 5, 732 16 8 3,063 12 6 262 19 6, 318 11 9 25 0 0 24 5', 4,525 18 5
.i if f—. i.__" , ,

2,853 0 9,82% 15 1139,556 5 4 7,318 12 5! 1,240 17 10‘ 132 16 B 24 51,83,389 18 1

The total capital expenditure for the above 16 months therefore amounts to £83,389 138. 1d.,
which includes the large sum of £39,556 5.9. 4d. for mine development. This is an asset which
has to be gradually redeemed by future milling operations, as follows: A certain amount of
ore is developed every month, entailing a certain expenditure, which is spread over the total
tonnage developed during the same month. An average amount therefore stands against every ten
of ore developed during the particular month, which has to be gradually redeemed by the milling
operations as follows. A certain amount corresponding with the tonnage crushed each month is
debited to the monthly milling operations, and credited to the account showing the total tonnage de
veloped during the same month. All ore developed per month in excess of the mill requirements
stands debited to the mine development account, which explains the above expenditure, and is an
asset which will gradually be redeemed when the Company commences crushing with the increased
milling power. A further reason for the heavy capital expenditure during the period under con
sideration, was the outlay for the new mine equipment mentioned in the report for the year
ending October 31, 1893, including: Rock-drilling plant, new main shaft and winding and
hauling equipment, cyanide works, etc., etc. The payments under these various heads are prac
tically concluded, and the only amount of these old accounts which will continue is the mine
development account. Further expenditure on capital account has been due to the acquisition of
an additional 50 heads of stamps of heavy pattern (1,050 lb. each). The re-treatment works of
course have also been increased in proportion to the increased stamping power. The expenditure
on the plant has been provided for by the issue of the 25,000 new shares, which gave the Company
fresh working capital to the amount of £137,250. This, together with the approximate cash in
hand on March 1, 1895, places the Company in possession of available funds up to £150,000.

Statement showing Gold Recovered, amounts received/‘ram Increase of Capital, Sale of

Reserve Shares, etc.
£ wo-oc:o o oP
Original working capital 11,000 ooooooo"
mo
c:
Increase October, 1888, from 45,000 to70,000—issue of 20,000 shares 20,000
February, 1889, sale of 4,000 unissued . 20,000
,, 1891 ,, 1,000 ,, 216. 1,100
,, 1893, increase and issue of 20,000, 459. per share 44,790
5,000 Meyer 8!. Charlton sold 17,025
Remaining 10,000 reserve shares sold at 608., April, 1894 30,000
Cash supplied 143,915
Add interest account to October 31, 1894 1,021
Total capital supplied £144,936
47S WITWA TERSRA ND MINES.

Total Revenue from Gold. £ 8_ d.

Value of gold recovered from plates to October 31, 1894 ‘221,415 9 10
Tailings sold during 1893 and 1894 3,959 10 O
Concentratessold 200 O O
Gold recovered by cyanide treatment from tailings 10,060 4 11
235,635 4 9
Gold from mill and cyanide works during November, 1894, to February, 1895 37,346 1 4
Total production up to March 1, 1895 £272,981 '6 1
Dividend paid. :8 s d.
1894. April, No. 1 dividend, 10 per cent. 13,000 0 0

Recapitulation. £ 8. d.
Total capital supplied as above . 144,936 6 3
Profit made on mining and milling during 1893 to October 31 24,365 0 0
7, 7, H 77 1, ,7 1

ill—6,274 19 4
Less dividend paid 13,(X)0 0 0
Total amount invested in property, mine and works on October 31, 1894 . . £183,274 19 4

DlvIDENn—The only dividend is that already mentioned—10 per cent. (£13,000), in April,
1894.

WORCESTER EXPLORATION AND GOLD MINING COMPANY,

LIMITED.
Formed in. 1887.
CAPITAL—£100,000 in £1 shares; 93,730 shares issued and fully paid up.
Directors.
J. D. Huco (Chairman), Wm. A. HALL, J. W. H. Msmmc, P. BOSMAN, F. Lrxnnxnnxa,
0. HOME, Jun., and T. T. HEATLIE.
Secretary and Head Oflicc.
M. S. FALCK, Worcester, Cape Colony.
London Secretary and Oflice.
J. T. BEDBOROUGH, 8, Old Jewry, E.C.
CAPITAL CnANom—The original capital was £15,000, of which £5,000 was the working
capital, and 10,000 shares were allotted to the vendors. In November, 1888, the capital was in
creased to £20,200 by the creation of 5,200 new shares, which were issued to shareholders at par,
thus providing another- £5,200 of working capital. In 1889 the capital was further increased to
£100,000, new shares being issued at the rate of 80,800 to the old shareholders, being 4 new
shares for 1 old one. Of the remaining 19,200 shares 9,927 were sold to shareholders at 408. per
share, realizing £19,854. The balance of 9,273 shares was held in reserve until the beginning of
1895, when 3,003 were sold at 85s. 6d., giving a further £12,707 of working capital. This leaves
6,270 shares in reserve.
£ 8. d.
Tnfal capital supplied : Original working capital 5,000 0 0
5,200 shares sold at par . 5,200 0 0
9,273 ,, ,, 40:1. 19,854 0 0
3,003 ,, ,, 85s. 6d. ( less brokerage) 12,709 0 0
Total to date £42,763 0 0
AQCmJN'rs—Are made up to June 30 and December 31, and submitted in August and February
respectively.
 WI T WA TERSRA ND MINES. 479
Statement showing some of the Profits since June 30, 1891.

:6 s. d.
Half-year ended December 31, 1891. Net profit 8,388 O 0
,, ,, June 30, 1892. ,, 9,690 0 0
,, ,, December 31, 1892. ,, 9,076 0 0
,, ,, June 30, 1893. ,, 9,384 0 O
,, ,, December 31, 1893. ,, 18,356 0 0
,, ,, June 30, 1894. ,, 29,902 4 6
,, ,, December 31, 1894. ,, 33,435 11 11
,, ,, June 30, 1895. ,, ‘22,143 17 1
Total for 4 years £141.),375 13 6

Balance-sheet, June 30, 1895.

Dl'- Liabilities. £ a. (1. £ s. d.
To Capital account :—
93,730 shares, issued at £1 93,730 0 0
6,270 ,, unissued 6,270 0 0

100,000 ,, 100,000 0 O
,, Sundry creditors... 2,192 2 6
,, Dividends unpaid 721 16 9
,, Balance at credit of profit and loss account 59,501 15 11

£162,415 15 2

CI'. Assets. £ ' s. d.

By Claim account 71,300 0 0
,, 6,270 reserve shares 6,270 0 0
,, Machinery, joint account .. £12,604 9 6
,, Amount paid on account of new battery 9,000 0 0
,, Machinery, plant and tools 9,554 3 1
,, Buildings at works 3,292 3 1
,, New sorting-floor 2,172 14 0
,, Electric plant 998 14 0
,, Assay and smelting plant, etc. 809 19 0
,, \Vater-purifier plant 481 17 0
,, Permanent water-works .. 172 5 0
,, Tree planting 9 1 0
,, Live-stock, carts, etc. 91 10 0
,, Office and mine furniture... 245 5 0
,, Permanent works 15,094 11 10
54,526 12 6
,, Stores on hand . . 799 16 10
,, Sundry debtors 1,696 5 4
,, Cash at bank 2,100 10 3
,, Gold in transit 12,670 0 0
,, Chamber of Mines debentures 200 0 0
‘ 16,666 15 7
,, Mine development account—
Balance expenditure as per statement December 31 , 1894 9,104 7 1 l
Expenditure to date 6,532 14 4

15,637 2 3
Loss redemption account 2,784 12 0
12,852 10 3

£162,415 15 2
480 W] TWA TERSRAND MINES.

Profit and Loss Account No. 1, for half-year ending June 30, 1895.
Dr. £ 8. d. :2 s. d.
To Mining account :—
19,460 tons mined, average cost 68. 10'9d. 6,722 19 2
Transport of quartz, average cost 2111. 107 13 10
Sorting of quartz, average cost, ls. 1111. 679 8 8
Reduction expenses :—
12,376 tons milled, average cost, 58. 9'9d. 3,609 1 7
Maintenance account, average cost, 68. 9911. 4,223 17 1
Mine Development account :—
Redemption account, 12,376 tons, average cost, 48. 6d. 2,784 12 0
18,127 12 4
,, General charges :—
Charges, salaries, local and London boards, etc., etc... 2,729 17 4
Licenses and registration 112 18 0
Expenses on gold 488 14 10
Printing and stationery... 134 3 5
Auditors’ fees 20 0 0
Stamps, cables, telegrams 36 0 9
Assaying department 21 9 3
Average cost, 58. 8711. 3,543 3 7
,, Depreciation account :—
Machinery, joint account, 5 per cent. 663 7 9
Machinery, plant; and tools, 10 per cent. 1,061 11 6
Permanent works, 10 per cent. 1,677 3 6
Buildings at works, 10 per cent. 365 16 0
Permanent water-works, 10 per cent. 19 2 0
Live-stock, carts, etc., 20 per cent. 22 0 0
Oflice and mine furniture, 10 per cent. 27 5 0
Electric plant, 2% per cent. 25 12 1
Assaying and smelting plant, 2% per cent. 20 15 2
\Vater purifier plant, 2% per cent. 12 7 5
Sorting-floor, 2% per cent. . 55 14 5
Average cost, Gs. 4611. 3,950 14 10
,, Balance to No. 2 account 22,086 14 6
Total cost per ton, £1 17s. 5211. *5)? ~
£47,708 5 3
Cr. £ 8. d. £ 8. (I.
By 7,341 oz. 10 dwt. gold realized 26,245 19 1
,, 3,493 ,, 9 ,, ,, in transit... 12,670 0 0
_ _———- 38,915 19 1
10,834 oz. 19 dwt.
,, Concentrates sold 6,429 9 5
,, Tailings sold 2,362 16 9
£47,708 5 3
Profit and Loss Account No, 2, for half-year ending June 30, 1895.
Dr. £ 8. d. .6 s. d.
To Dividend account :—
February 4. No. 21, at 20 per cent. .. 18,143 16 0
May 21. No. 22, at 15 per cent. . 14,058 6 0
——-——~ 32,202 2 0
,, Loss on account of Cape of Good Hope Bank 43 0 3
June 30. To balance 59,501 15 11
£91,746 18 2
C1‘. £ 8. (I.
By Balance on December 31, 1894 59,853 11 10
.. Surplus on gold in transit on December 31, 1894 100 2 1o
19 Premium on 3,003 reserved shares, sold at £4 58. 6d., less brokerage... 9,706 9 0
June 30. By balance from N0. 1 account 22,086 14 6
£91,746 18*"?
 WITWATERSRAND MINES. 481

DETAILS OF PRODUCTION—Th6 Company at first had a 20-stamp mill of colonial make, which
was, in 1893, replaced by a 20-head Fraser & Chalmers mill erected jointly with the Ferreira
Company’s 40 stamps. This joint arrangment has answered very well, and according to contract,
renewed for 5 years from June 6, 1895. The tailings are being sold to the Rand Central Ore
Reduction Company, which treats them by the Siemens-Halske process.

Summary of Revenue, Dividends paid, etc., since the Company’s formation to December 31, 1894.

(histlp? ton
. , crushed.
Tonnage -
Yield. Value. Concen-
“Ema Tail-
ings_ Total
rewnue_ Divi-
dends. 1”“ "33 per
redemption Yield
ton‘
Period. and, d?‘
preciation.

Total. oz. 2 £ £ £ £ £ a. 11. oz. dwt.gr.

1888 1,034 2,266 3,300 5,556 19,666 -— — 19,666 4,500 2 11 5'8 1 13 6

1889 3,215 3,645 6,860 7,842 27,787 -— — 27,787 9,080 1 17 0'6 1 2 26
1890 7,186 6,170 13,356 11,472 41,917 — — 41,918 13,109 2 8 5‘7 0 17 4
1891 10,385 4,717 15,102 11,735 44,139 — 1,648 45,787 9,072 1 19 9'6 0 15 13
1892 9,689 ‘16,385 26,074 16,696 60,477 4,865 — 65,342 15,875 1 15 9'9 0 12 19
1893 7.839 16,402 24,241 17,122 62,991 7,243 4,977 75,211 13,608 1 19 3'1 0 14 3
1894 9690.13,975 23,665 27,068 99,670 12,752 3,816 116,238 45,359 2 O 3 1 2 21
7 I .

Totals... 49,038 112,598 97,491 356,647 24,860 10,441 391,949 110,603

Details of Production for 6 months ended June 30, 1895.

Months. No. of stamps. Tons crushed. Yield. Yield per ton. Value per ton.

oz. dwt. £ a. d.
January, 1895... 20 2,185 219605 2010 3 12 10
February ,, 20 1,939 1768-02 1823 3 5 6
March ,, 20 2,049 17140 1673 3 0 7
April ,, 20 2,075 16632 1603 2 18 1
May ,, 20 2,118 1735-5 1638 2 19 4
June ,, 20 2,010 17579 1749 3 1 2

Totals and averages: 12,376 1083467 1751

Concentrates: Assay value.

tons. lbs. oz. dwt. gr.
January, 1895 85 569 4 4 15 per ton.
February ,, 82 1,000 3 14 23 ,,
March ,, 68 1,639 4 19 12 ,,
April ,, 70 1,494 4 12 22 ,,
May ,, 80 535 5 2 1 ,,
June ,, 84 297 4 14 12 ,,

As will be seen from the above tabulated statements the ore is of high grade and, talring
into consideration the concentrates and proceeds of tailings sold in addition to the yield obtained
from the plates, the total return is considerably over an ounce. The working costs are com
paratively large, being £2 Os. 8d. per ton during the last half year (ended December _31, 1894),
which shows that with a small mill the working cost is liable to be disproportionately high.
DESCRIPTION or rm; PROPERTY.—The original property consisted of 91; claims, to which
half a claim was added by purchase, making in all 10 claims, being 5 on the outcrop and 5 on the
first dip. The property is situated on the farm Turfi'ontein, between the Robinson and Ferreira
VOL. I. I I
482 Wl TWA TERSRA ND MINES.
mines, about 5 minutes distance from the Johannesburg Exchange. The Company has a water~
right and a large dam conjointly with the Ferreira Company. The claims are specially registered,
and as such unassailable. (For plan, see Volume III.)

DIVIDENDS.—
July, 1888 No. 1 15 per cent. or £2,250 Paid on £15,000
November1 11 11 2 15 11 11 11 11 11
January, 1889 ,, 3 15 ,, ,, 3,026 ,, 20,200
July1 11 11 4 15 11 11 31O27 11 11
Septembelb 11 11 5 15 11 11 11 11 11
January, 1800 ,, 6 20 ,, ,, 4,040 ,, ,,
Mam 11 11 7 5 11 11 41534 11 901727
77 ,7 8 5 7’ 7’ 77 7’

February, 1891 ,, 9 5 ,, ,, 4,536 ,, ,,

77 7’ 5 77 7’ 7, 7’ 1’

February, 1892 ,, 11 7.‘; ,, ,, 6,803 ,, ,,

1Hay1 11 11 12 5 11 11 41536 11 11
August1 11 11 13 5 11 11 11 11 11
February, 1893 ,, 14 5 ,, ,, ,, ,, ,,
Augusto 11 11 15‘ 5 11 11 11 11 11
October-1 11 11 1‘) 5 11 11 11 11 11
February, 1894 ,, 17 10 ,, ,, 9,072 ,, ,,
Apnb 11 11 18 10 11 11 11 11 11
August, ,, ,, 19 20 ,, ,, 18,148 ,.. ,, ,,
October, ,, 20 10 ,, ,, 9,072 . ,, ,,
January, 1895 ,, 21 20 ,, ,, 18,144 ,, ,,
April, ,, ,, 22 15 ,, ,, 14,058 ,, 93,730
July1 11 11 23 19 11 11 11 11 11

Total paid 2471: per cent. or £156,863

MINING INTELLIGENCE—Th6 main shaft is sunk at a distance of 100 ft. south of the outcrop
to a vertical depth of 150 ft., and continued on the incline to a total depth of 915 ft., as follows:
150 ft., 1st level; 250 ft., 2nd level; 350 ft., 3rd level; 460 ft., 4th level; 570 ft., 5th level; 680
ft., 6th level; 800 ft., 7th level; 915 ft., 8th level. South Reef: 1st, 2nd, 3rd, 4th levels are
exhausted. 5th is half exhausted; in sight, 6,808 tons. 6th, driven east, 409 ft.; west, 322 ft.;
in sight, 12,634 tons. 7th, driven east, 179 ft. ; west, 207 ft. ; in sight, 7,500 tons. 8th, not
developed. The quantity of ore undeveloped at the 7th level is estimated at 9,300 tons, and at the
8th level at 22,000 tons. Main Reef and Main Reef Leader: On this property the Main Reef and
Main Reef Leader are close together, the leader forming virtually the hanging-wall of the Main Reef.
This continues as far as the 460 ft. level, when the two reefs are separated by a. slide fault 7 ft.
thick, which continues to the present depth at which the mine is open. The body of the Main Reef
averages on the property 12 ft. in thickness, exclusive of the Leader, and is left for future work.
All development is practically done by the work done in developing the Main Reef Leader, owing
to the fact abovesmentioned of the juxtaposition of the two reefs. On the Main Reef Leader 7 levels
have been driven. 1st level is half worked out; 2nd level is one quarter worked out; levels 3, 4,
5, 6, and 7 are unworked. The quantity of ore developed on this reef exceeds 61,600 tons, leaving
151,339 tons for further development on the seven levels.

DEVELOPMENT.--On June 30, 1895. Main shaft: Sunk 64 ft., the total depth now being 915
ft., at which depth the station for the 8th level has been cut. South Reef: The 680 ft. level
has been extended 141 ft., making the total drift on this level 726 ft., and the 800 ft. level has
been extended 330 ft., making the total drift 412 ft. One winze has been sunk, connecting the 5th
and 6th levels, and two sunk from the 6th to the 7th levels, while two are well down from the 7th
to the 8th levels. llIain Reef Leader : The 350 ft. level has been extended 80% ft., making the total
drift on this level 395 ft. The 460 ft. level has been extended 293 ft.; total drift 716 ft. The
570 ft. level extended 311 ft. ; total drift 671 ft. The 680 ft. level extended 2571» ft., total drift
312 ft. ; and the 800 ft. level has been driven 30 ft. Two winzes have been sunk, and two are being
sunk from the 4th to the 5th levels. One has been sunk, and one is being sunk from the 5th to
the 6th levels, and one from the 6th to 7th levels. The position of the mine is as follows: The
South Reef is stoped out on the let, 2nd, 3rd, and 4th levels. The 5th level is stoped out 375 ft.
 WIT WA TERSRA ND MINES. 483
and 360 ft. developed. The 6th level is fully developed, with a face length of reef 726 ft. The
7th level has 414 ft. developed, with 300 ft. undeveloped. The Main Reef Leader has been much
less worked than the South Reef, and on the let level has been developed 300 ft., while 474 ft.
have been stoped out. The 2nd level has been developed 340 ft., 200 ft. are stoped out, and 229 ft.
undeveloped. The 4th level has 554 ft. developed, 142 ft. stoped out, and 60 ft. undeveloped. The
5th level has 671 ft. developed, and 64 ft. undeveloped. The 6th level has 312 ft. developed, and
414 ft. undeveloped. The 7th level has 30 ft. developed, and 684 ft. undeveloped. In the western
section of the mine a dyke exists at about 160 ft. from the shaft, throwing the reefs a distance of
about 32 ft. to the north on each level. In the 5th level, at 255 ft. east of the shaft, a slight fault
about 18 in. wide occurs, throwing the South Reef 5 ft. and the Main Reef Leader 12 ft. to the north.
On the 1st, 2nd, and 3rd levels the Main Reef Leader lies directly over the Main Reef, and in the 4th
level it is divided by a slate bar of about 18 in., which widens out to 7 ft. on the 5th level. The
shaft which, to the 1st level is vertical, and thence to the 7th level is going down on the South
Reef at a variable incline of about 38°, is changed in its course and carried to the 8th level (915 ft.)
at an incline of about 60°, and on this level is situated almost midway between the Main Reef Leader
and the South Reef. To strike the reefs cross-cuts will be put in here, and on reaching the South
Reef an incline shaft will be sunk which will reach the south boundary of the property at about
950 ft., the Main Reef Leader carrying down about 150 ft. further before reaching the boundary.
The ore developed on the South Reef amounts roughly to 26,763 tons, and on the Main Reef Leader
to 77,961 tons.
EQUIPMENT.—Th6 main shaft, 18 x 6 ft., is divided into 3 compartments—2 skip-ways, and 1
pump- and ladder-way. The head-gear, constructed of wood, is 40 ft. high. The ore is raised to a
sorting-floor at the head-gear, tipped on grizzlies 40x 10 ft., washed and sorted by hand. It is
then trammed to the crushing station erected above the mill. This crushing station, which is the
joint property of the Ferreira Company and of the Worcester, is fully described with the mill.
Pumping: Pumping is done by one 9 in. Cornish pump, one 8 in. Cornish pump, and two Harvey
& Co.’s ram pumps, driven by one 14x36 in. geared Harvey pumping engine. Hauling:
Hauling is done by one pair coupled geared winding engines, 70 n. h.p., 14 x 28 in., independent
drum, by Harvey & Co., and also by a pair of 8 x 12 in. coupled 11 h.p. engines for sinking pur
poses. Electric light is produced by one Mather & Platt dynamo, driven by a separate engine,
single cylinder, high speed, Tangye, 11 x 13 in. Boilers: The whole of the above plant is
steamed by 4 Davey &. Paxman locomotive boilers, three being 12 h.p. and one 14 h.p.
Mill and Crushers .' The mill is erected at a distance approximately of 2,000 ft. from the mine,
on ground leased jointly by the Ferreira and this Company, each Company contributing to the
expenses of erection, maintenance, and working cost in the proportion of two-thirds for the Ferreira
Company and one-third for the Worcester. This arrangement between the two Companies extends,
not only to the battery itself, but to all the plant, boilers, engines, etc., and also to the crushers’
station, which is erected above the mill at a distance of 300 ft. To be clearly understood, full
particulars are given of the whole of the milling and crushing plant, and of the proportion set
apart for the service of each Company. This plant consists of 60 Fraser & Chalmers’ 900 lb.
stamps, fitted with automatic Challenge ore feeders, and 36 frue vanners. To this are to be
added 50 stamps, by the same makers, 1,0501bs., and 32 frue vanners. Of the whole plant the
Worcester Company will use 30 stamps and 23 frue vanners. The Ferreira Company will use
80 stamps and 45 vanners. The additions above referred to are now completed. The present
engine (150 h.p. Fraser &. Chalmers) is being replaced by a compound condensing engine, by Tangye
400 h.p., but will be kept as auxiliary. 4 new boilers of the same makers are also being erected
and fitted with Green’s economizers, and smoke-stack, 160 ft. high, by Tangye & C0. Crushers .'
The crushers are now erected above the mill’s platform, and the ore raised to their level by ordinary
elevators. The new crushers station is erected at about 300 ft. above the mill, and fitted with
6 Blake crushers, the ore being discharged into underground ore bins and raised to the ore feeder’s
bins by the present elevators. The stone crushers’ station will be driven by one 60 h.p. Harvey
engine, steamed by 2 Fraser & Chalmers boilers. These boilers are at present working at the
mill en ine.
Cyanide: Tailings are at present worked by the Rand Ore Reduction Company, under a con
tract for two years. This contract ends in November, 1895. From that date it is the intention of
the Company to work its own tailings with a plant to be erected for this object, unless arrangements
can be made with the Ore Reduction Company for the purchase of their present plant.
GENERAL REMARKs.—At present, as far as the development has gone, at least 3 ft. of the
Main Reef is payable. The other lodes being of high grade, the increase in the stamping power is
justified, for it enables a large proportion of Main Reef to be milled at the same time.
484 WIT WA TERSRA ND MINES.
YORK GOLD MINING COMPANY, LIMITED.
Formed in 1889, and rc-formed in May, 1895.
CAPITAL—£120,000 in £1 shares ; 90,000 shares issued and fully paid up.
Directors.
E. LIPPERT (alternate J. W. Cnarnm), C. S. Gonmmss (alternate W. ADYE), J. M. BUCKLANI),
G. Inso'rn, J. FRIEDLANDER, F. W. Srsosxnscn, and J. G. CURREY.
Secretaries and Ofi’ice.
BLAIKIE 8t PEIRSON, City Chambers, Johannesburg.
FORMATION or COltlPANY.—Appr0priati0n of Capital: This Company was formed to take
over the assets and property of the Emma Gold Mining Company, Limited, and 21 claims on the
immediate dip of that Company’s property belonging to the Lanham Syndicate. The capital was
appropriated as follows: To the shareholders of the Emma Gold Mining Company, Limited,
24 claims, 15,000 shares; liabilities of the Emma Company discharged by cash, 12,500 shares;
liabilities of the Emma Company discharged by shares, 1,500 shares; Lanham Syndicate, 21 claims,
18,000 shares; shares in trust for special purposes, 2,000 shares; working capital, 41,000 shares;
reserve 30,000 shares. Total, £120,000.
HISTORY or THE EMMA GOLD MINING COMPANY, LIMrrEn—This Company was formed in
September, 1895, with a capital of £90,000 ; which was increased in November, 1889, to £150,000 for
the purpose of acquiring 12 deep level claims, and adding £5,000 to the working capital. 15,000
shares were held in reserve, and were still in hand at the time of re-construction. The total
capital supplied for working purposes was £20,000. The property then consisted of 24 outcrop
claims on the Botha’s Reef and the 12 dip claims. 12 of the outcrop claims were later on sold to
the Luipaard’s Vlei Estate and Gold Mining Company, Limited. The 12 outcrop claims, which
were sold for £7,500 cash to the Luipaard’s Vlei Estate and Gold Mining Company, formed the
eastern portion of the outcrop block, leaving 24 claims, of which 12 are on the outcrop and 12 are
dip claims. The accounts of the Emma Company were made up half-yearly to March 31 and
September 30 respectively. The last accounts to hand only go up to March 31, 1891, the mill and
mine having been shut down on December 31, 1891. The total production of the Emma Company
in about 15 months amounted to 2,596'95 oz. of gold, realizing in all £9,600. The liabilities were
gradually increased by constant working losses to £11,950 at the time of re-construction, and this
is in addition to the £7,500 received for the 12 claims sold. The issued capital of the Emma
Company was £135,000 at the time the York Company was formed. The Emma Company received
15,000 shares for distribution, the old shareholders receiving 1 new share for every 9 old ones.
Tm: LANHAM SYNDICATE—The Syndicate brought 21 claims into the combination, for
which they received 18,000 shares in the York Company, 500 shares being set aside for the dis
charge of the liabilities of the Syndicate. 17,500 shares were distributed against the 10,000 shares
of the Syndicate, or at the rate of 7 new shares against 4 old ones.
DESCRIPTION OF THE PROPERTY.—The property now consists of 45 claims on the farm
Luipaard’s Vlei, district of Krugersdorp; Krugersdorp station being on the property. The claims
are disposed as follows: 12 claims on the outcrop of Botha’s Reef, having the George and May to
the west, and the Luipaard’s Vlei Estate and Gold Mining Company on the east. 12 claims are on
the first dip, about 16 on the second, and 5 on the third, all adjoining.
GENERAL REMARKS.—Th6 machinery, consisting of a 20-stamp battery, driving engine, and
complete hauling installation, will be thoroughly overhauled and completed, and as soon as it is
warranted a new 40-head mill will be erected. In the meantime the main shaft is being continued
as rapidly as'possible for the purpose of opening up levels.
TABULAR STATEMENT OF THE RAND'S PRODUCTION,

For the Years 1887 to 1895 inclusive.

 TABULAR STATEMENT OF THE RAND'S GOLD
Minn.

N fC N D T0118 Awe" Value

ameo ompany. o. ays per - age r
Year. Tonnage. of mill- stamp Yield‘ 1W1‘ Value‘ Process. To:
stamps ing. per ‘1011- 118°C‘
diem. oz. dwt. dwf“ £ a. d. £ 8. d.

Adair Cruikshank.‘ 1889 209 187 5, f 645 o 0

African Gold 1390
Recovery. 1891
1892
1893 250
1894

Total to ..
Dec.,1894 2°°
1895——
January
February
March
April
May

Agnes MUHI'O- 1894 1,000 20 670 641340 2,413 0 0 2 8 3

An le-Th_arsis (see 1890 4,256 10 1,677 10.‘ 7'88 5,861 0 0 1 7 6

onsolldated _ 1892 1,669 10 659 3 7'95 2,420 0 0 1 8 11
Angle-Tharsls).
Totalto ,. . ‘ ~.
Dec" 1892 5,925 2,336 13, 188 8,281 0 0 1 7 1

Antrim. 1889 l 550 1 1,926 o 0

Aurora. 1888 10 1,951 1 6,828 13 6
1889 10 2,319 1 8,120 O 0
1890 7,900 20 3,588 14 9'09 17,561 0 0 1 11 9
1891 11,849 20 6,894 10 8'63 24,686 0 O 1 11 1
1892 28,534 30 9,588 9 6'72 35,410 0 0 1 4 9
1893 34,424 30 9,109 9 5'58 33,919 0 0 l 0 9
1894 12,023 20 3,424 13 5'09 12,545 0 0 1 1 6

Total to . .
Dec" 1894 94,730 36,875 17 689 139,069 13 6 1 6 1

1895——
January 1,634 20 2300 3'55 351 2 4'28 1,298 O 0 0 15 10
February 1,497 20 l24'00 3'11 587 2 7'84 2,113 0 O 1 8 2

Banket. 1889 20 1,050 5 3,678 0 0

1890 2,450 25 456 10 3'72 1,598 O 0 0 13 1
1891 25 1,778 7 6,235 0 0
1892 13,585 20 2,609 8 3'84 9,221 0 0 0 13 6
1893 3,838 20 13,047 15 7'02 4,902 0 0,1 5 1
1894 4,820 20 1,213 19 5'00 3,966 0 0 0 17 6

Total to , , _
Dec.’ 1894 24,693 20.106 4 1067 29,600 0 O 1 16 3

1895—
January
February '
March 1,580 20 22300 3'16 462 0 5'84 1,663 0 O 1 1 0
April 1,403 20 2400 2'72 402 8 5'78 1,507 00 1 1 5
May 1,396 20 22'50 3'10 395 8 5'66 1,506 O O 1 1 6
June 1,160 20 18'20 3'19 328 1 5'65 1,246 0 0 1 11 5
PRODUCTION for the Years 1887 to 1895 inclusive.
Coxcsmnuns. Tuuxcs.

' > ‘ Total ‘Total

_ P Y'el . , 'alu .
Yleld. to‘: Value. 1:31;; Process. Tonnage. Yield. Value. Per ton. 1 8
oz. dwt. 01 £ £ a. 11. oz. dwt. dwt. £ 51 I. (1. oz. dwt.. £

187 5 645

286 3 1,001 286 3 1,001

2,372; 13,572 3,877 15 13,572
_ 26,305 7,820 13 26,305
473 18 1'85 1,400 560 0 0 13,191 4:130 6 621 12,561 018 10 4,504 4 13,961
67,026 9,353 3 2'78 27,136 0 8 3 9,353 3 27,836

473 18 1'85 1,400 560 0 0 80,217 25,468 80,575 25,841 18 82,675

McArthur-Forrest 2,810 318 18 2'26 957 0 6 9 318 18 957 '

do. 2,7(1) 457 9 3'38 1,370 0 10 1 457 9 1,370
do. 2,484 240 3 1'93 720 0 5 9 240 3 720
do. 1,944 316 10 3'24 950 O 9 9 316 10 950
(10. 1,728 67 11 0'74 200 O 2 3 67 11 200

670 6 2,413

1,677 10 5,861. '

659 3 2,420

2,336 13 8,281 ‘

I I 550 1 1,926
1,951 1 6,828
2,319 1 8.120
3,588 14 17,561
; 6,894 10 24,686
9,588 9 35,410
‘ 9,109 9 33,919
‘ y g 3,424 13 12,545

1 36,875 17 139,009

? _ 351 2 1,298
1 587 5 2,113

1,050 5 3,679
456 10 1,598
1,778 7 6,235
2,609 8 9,221
13,047 15 4.902
8,365 1,682 10 4'50 5,080 0 13 6 2,896 9 9,016

8,865 1,682 10 4'50 5,080 0 13 6 21,838 14 34,681

Cyanide 221 0 700 221 O 700

do. v896 133 0 296 360 0 8 0 133 0 360
McArtbur-Forrest 1,320 288 0 4'36 864 013 1 750 0 2,527
(10. 1,500 329 17 4'39 987 0 13 2 732 5 2,496
do. 1,380 315 6 458 992 0 15 4 710 11 2,498
do. 1,400 302 12 4'32 953 O 13 7 630 13 2,199
 TABULAR STATEMENT OF THE RAND’S GOLD
MILL.

N fC N D3 Tons Aver- Value

ame o ompany. o. ys per - age 7
Year. Tonnage. of mill- stamp Yleld' P91‘ ‘alue‘ 5:: Process. Ton'
stamps ing. per ton. nage.
diem. oz. dwt. dwt" £ a. d. 51 s. d.

Banket Junction. 1889 50 37 16 132 0 0 2 12 11

Bantjes. 1888 5,434 20 1,848 1 689 6,468 3 6 1 3 9

Battery Reef. 1889 715 10 534 1,869 0 0 1 14 3

Battery Reef 1890 20 265 0 927 0 0

(West). 1891 2,568 699 19 2,450 0 0

Total to
Dec“ 1894 2,568 964 19 3,377 0 0

Bendigo Placer 1890 361 8 1,264 O O

Alluvial.

Benoni. 1888 16 0 56 0 0

Black Reef (New) 1888 492 10 1,724 0 0

(HOW East 0mm)- 1889 11,654 1,810 11 2182 6,331 0 0 3 15 11
1890 2,762 2) 4,048 14 6'34 14,171 0 0 1 2 2
1891 6,980 20 3,330 17 8'27 11,841 0 0 1 9 1
1892 17,756 20 6,113 8 6'88 21,468 0 0 1 4 2

Total to H .P
Dec“ 1894 39,152 15,796 0 5 47 55,535 0 0 1 7 0

Black Reef Synd. 1892

Blue Sky (New). 1891 10 150 0 525 0 O

1892 1,834 10 834 0 9'09 2,919 0 0 1 11 9

Total to
Dec.’ 1894 1,834 984 0 3,444 0 0

Botha's Reef 1888 40 1,553 0 5,436 0 0

(see also George 1889 40 1,010 15 3,588 0 0
and MaYl- 1890 10,923 40 2,389 1 4'37 8,362 O 0 0 15 3
1891 12,390 40 3,334 14 5'38 11,672 0 0 0 19 0
1892 2,500 20 684 9 5'47 2,448 0 0 0 18 10
1893 4,830 15 2,041 19 8'20 7,324 O 0 1 9 9

Total1893
Dec.’ to 30,643 11,013 18 .
551 38,830 0 O 0 19 5

Bmf‘v'tmm, 1893 40 1,092 15 3,757 o o

PRODUCTION for the Years 1887 to 1895 inclusive.
Coucsxrnxrss. TAILINGS

Total Total
Per Value Per yield. value.
Yield. ton. Value. per ton. Process. Tonnage. Yield. ton. Value. Per ton.
oz. dwt. oz. 5.‘. £ a. d oz. dwt. dwt. £ £ a. d. oz. dwt. £

37 16 132

1,848 1 6,468

534 1,869

265 O 927
699 19 2,450

964 19 3,377

361 8 1,264

16 0: 56

l 402 10 1,721
l 1,1110 11 6,313].
i 4,048 14 4,171
g 3,330 17 1|,841
i 6,113 8 21,468
l

, 15,706 0 55,535
i

890 ‘4 3,081 800 4 3,081

150 O 525
834 0 2,9111

984 0 3,444

1,553 0 5,436
1,010 15 3,538
2,389 1 8,362
3,334 14 11,672
684 9 2,448
2,041 19 7,324

11,013 18 38,830

1,092 15 3,757

489

0F THF
UNIVERSITY
Qwg'hamh
 TABULAR STATEMENT OF THE RAND'S GOLD
MILL.

N Tons Aver- Value

Name of Com Pan 3'. Year. Tonnage. of0. Days stliiemp
mill- 1' _-
1mm’ ‘13*’
PEI‘ value‘ per
ton. Process. Ton
stamps ing. per t;n. nage.
l diem. oz. dwt. dwt £ 8. cl. , £ a. d

Champ d'Or ' 1891 6,072 10 7,297 16 24133 25,540 0 0‘4 4 1

(French)- 1892 30,376 , 40 16,990 2 1118 60,548 0 0,1 19 10
1893 17,896 40 5,722 7 6'39 20,300 0 0 ‘ 1 2 0

1894 48,187 40 30,340 14 12'60 110,318 0 0i2 5 10

Mal“ 102 i 531
Dec, 1894
60350
i
1o' 11-77 216 1‘“06 o ole
,
2 3

1895—— | l
January 4,932 40 2849 4'32 2,903 11 11'77 10,465 0 0|2 2 5
February 4,679 40 2600 4'59 2,852 6 1219 10,267 0 O 2 3 10
March 4,694 40 {3000 3'91 2,795 9 11'91 10,063 0 0 2 2 10
April 5,014 40 ‘2800 4'47 2,388 14 952 8,604 0 0 1 14 3
May 4,865 l 45 2800 3'85 2,152 0 8'84 7,701 0 0 1 11 7
June 4,955 i 50 2750 3'60 2,703 0 1091 9,866 0 O 1 19 9
July 5,768 , 50 2900 3'97 3,026 0 10'49 , 11,044 0 0 1 18 5
1
Champ d'Or Deep 1894 7,406 l 30 2,045 8 566 7,443 0 0 1 0 3
Level (now 1
French Rand). _
1895——
January 4,404 30 27'60 5'30 983 2 4'46 3,440 0 0 0 15 7 Cyanide 20
February 4,000 30 2695 4'94 1,176 14 5'88 4,500 0 0 1 2 6
March 3,974 50 ‘2690 2'96 1,395 2 7'02 5,300 0 0 1 6 8

Chimes (see New 1888 1,040 10 933 8 1910 3,267 0 0 3 2 9

Chimes). 1889 5,924 20 5,238 0 1768 18,736 0 0 3 2 11
1890 2,358 20 564 8 4'79 1,976 0 0 0 16 9

Total to _ .- . ‘ -
Dec“ 1890 9,322 6,730 16 i 14 45 1 23,949 0 0 2 10 4

Citizen(New Rand). 1891 1,030 l 20 l 300 a} 6-00 | 1,030 0 0‘ 1 1 0

City and 1887 10 1,106 1 3,871 0 0
Suburban.v 1888 20 5,193 15 18,178 0 0
1889 12,712 20 18,814 1 29'6 65,847 0 0 5 3 8
1890 13,240 20 13,071 12 1974 45,751 0 0 3 9 1
1891 31,863 50 12,400 11 7'78 43,902 0 O 1 7 6
1892 46,459 50 29,124 16 1258 106,101 0 0 2 5 8
1893 49,805 50 37,777 14 15'17 138,504 0 0 2 15 7
1894 109,849 , 130 49,823 8 9'07 180,407 0 0 1 12 10

Total to K -, _.
Dec‘, 1894 263,928 164,311 18 11 (4 602,561 0 0 2 3 11

1895— i
January 15,908 130 2950 415 7,069 11 888 25,547 0 0 1 12 1
February 14,124 130 2645 4'10 6,280 10 8'89 22,718 0 0 1 12 2
March 16,784 130 2985 4'40 7,417 17 8'84 26,886 0 0 1 12 4
April 15,451 130 27'25 4'36 6,046 16 782 21,952 0 0 1 8 1
May 17,698 130 2965 459 6,344 15 7'16 22,998 0 0 1 6 0
June 15,900 130 28'80 4'25 5,689 19 7'16 20,626 0 0 1 5 11
July 18,903 170 2660 4'18 6,905 13 7'30 24,774 0 0 1 6 2

Ciiffendale. 1889 ~ _ 302 0 1,057 0 0

Consolidafed _ 1893 9,726 l 30 2,635 11 5'38 9,508 0 0 O 19 6

Angle-Tharsis. I
490
PRODUCTION for the Years 1887 to 1895 inclusive.
CONCl-INTRATES. Tumsos.

‘ Total Total
_ Per Value Per yield. value.
Yield. ton. Value. per ton. Process. Tonnage. Yield. ton. Value. l Per ton.
or. dwt. oz. i .2 5.‘, s. d. oz. dwt. dwt. 9.‘. it: s. 11. oz. dwt. 5
l n .

\ 7,297 16 ' 25,540

3,324 3 10.326 20,314 5 70,674
I 6,343 1,777 17 560 5,331 0 1 tfi-Cfi Ow 7,500 4 25,631
l
40,706 14,367 16 7-12 42,909 1 44,708 10, 153,227
l
- l
’ 47,049 19,469 16 6'95 58,566 1 4 H 79,820 15,‘ 275,272
I

Cyanide 4,140 1,370 6 667 3,975 0 19 7 4,27317 14,440

McArthur-Forrest 3,780 1,495 10 791 4,386 1 3 2 4,347 16 14,653
Cyanide 3,890 1,402 15 721 4,206 1 1 7 4,196 4 14,271
do. 4,060 1,407 9 689 4,222 1 o 6 3,796 3 12,826
do. 4,300 1,033 0 506 3,264 0 15 1 3,240 0 10,965
do. 3,660 922 0 500 2,692 0 14 11 3,625 0 12,558
do. 4,785 920 0 334 2,760 0 11 6 3,946 0 , -
102 0‘ 230; 3,215, 466 13 304 1,346 0 6 1 2,616 1 9,069

i l
70 0- 3-50 210 10 10 0 Cyanide 3,170! 470 9 296 1,410 0 8 10 1,523 11 5,060
do. 2,625 | 444 17 935 1,350 0 10 3 1,621 11 5,650
do. 2,590, 409 19 316 1,225 0 9 5 1,805 1 6,525

933 8 3,267
5,236 0 16,736
564 3 1,976

6,735 16 23,979

| 309 2 1,060
1,106 1 3,671
5,193 15 18,173
13,614 1 65,347
13,071 12 45,751
12,400 11 43,902
29,124 16 106,101
24,408 9,044 3 7-41 24,345 1 0 4 46,821 17 163,349
105,310 25,442 2 4-65 76,101 0 14 10 75,265 10 253,506

129,718 34,466 5 531 102,946 0 15 1 201,793 3 705,507

Cyanide 14,391 3,149 6 4-37 10,265 0 14 3 10,218 0 35,812

do. 12,906 2,803 6 434 9,361 0 14 6 9,083 16 32,079
do. 16,203 3.706 9 4-57 12,330 0 15 2 11,124 6 39,216
do. 12,317 2,601 10 422 8,596 0 13 11 8,646 6 30,543
do. 16,837 3,146 7 4-56 10,464 0 15 2 9,491 1 33,462
do. 16,766 3,761 0 4-51 12,422 0 14 9 9,470 19 33,043
do. 17,587 3,190 12 3-57 10,446 0 11 10 10,096 5 35,220

i l ' 302 0 1,057

l i I 2,635 11 9,503
1
401
 TABULAR STATEMENT OF THE RAND'S GOLD
MILL.

N f Co N DB Tons Aver- Value

ameo 11I‘ran y . Year. Tonnage. ofo. mill-s stliiemp
r -
Yield‘ age
P61‘ value‘ r
gen. Procem. To“
stamps ing. per '10!!- We‘
diem. oz. dwt dwh £ a. 1! £ a. d

Cornucopia. 1888 1,043 0 3,651 0 0

1890 5,230 20 1,025 8 3'92 3,589 0 0 0 13 9
1891 10 231 15 812 0 0

Total to , ,
Dec” 1894 0,230 2,300 3 8,002 0 0

Croesus 1888 370 10 214 0 11'57 749 0 0 2 0 6

(See New 1889 4,242 10 3,798 1 17'43 13,279 0 0 3 2 7
Crwwsl- 1890 5,133 10 4,557 8 17'46 15,951 0 0 3 2 3
1891 7,971 10 4,046 17 1015 14,267 0 O 1 15 9

Total to .
Dec.’ 1891 17,716 12,616 6 14 23 44,246 0 0 1 9 1

Crown Reef. 1887 2,787 18 9,758 0 0

1888 8,448 10 11,019 2 25'96 38,567 0 0 4 10 10
1889 30,864 70 18,363 10 64,294 0 0
1890 57,440 70 37,499 17 13'06 131,250 0 0 2 5 8
1891 69,391 90 39,840 18 1148 140,781 0 0 2 0 6
1892 95,122 90 50,725 11 1066 183,347 0 0 1 18 6
1893 118,244 90 51,688 0 8'74 106,903 0 O 1 11 7 244
1894 187,504 120 73,339 10 7'80 255,820 0 0 1 7 3

Tm‘ 1° 567013 285964 6 9'88 30720 0 0 1 11 0

Dec., 1894 ’ "' ' ‘ ’

1895——
January 16,615 120 2917 5'03 6,505 7 7'83 22,181 0 0 1 6 8 McArthur- 890
February 16,056 120 2695 4'97 6,203 11 7'63 21,070 0 0 1 6 3 Forrest 1,057
March 15,108 120 2450 5'13 5,777 8 7'64 19,893 0 0 1 6 4 do. 790
April 17,145 120 28'50 5'01 6,928 10 8'08 24,943 0 0 1 9 1 do. 539
May 18,043 120 30'00 5'01 7,494 0 8'30 25,520 0 O 1 14 1 do. 857
June 18,043 120 28'75 5'23 7,793 11 8'63 26,807 0 0 1 9 8 do. 610
July 18,571 120 {2975 5'20 7,679 0 8'25 26,494 0 0 1 8 6 do. 830

Oashwood 1894
Syndicate.

Dclavornfontein 1890 407 10 128 7 6'31 449 0 0 1 2 1

int.

Doornkop. 1889 1.000 10 627 8 5'90 2,198 0 0 1 1 1

1890 6,256 2) 1,589 12 5'08 5,559 0 0 0 17 9

Total1894
Dec” to r
7,256 2,217 O 6 _ 11 7,757 0 O 1 1 4

Dora (Alluvial). 1888 272 O 952 0 0

Du Preez (see _ 1888 10 797 0 2,791 0 0

New Rietfonleml- 1889 500 10 743 0 29'72 2,601 0 0 5 4 0
1890 2,547 20 1,407 15 11'06 4,927 0 0 1 18 8

Total to .
Dec‘I 1890 3,047 2,947 15 1411 10,319 0 0 2 9 4

492
PRODUCTION for the Years 1887 to 1895 inclusive.
CONCENTRATES. Tunmos.

Total Total
Per Value Per yield. value.
Yield. ton. Value. per ton. Process. Tonnage. Yield. ton. Value. Per ton.
oz. dwt. 02. £ £ 8. d oz. dwt. dwt. £ If, .9. 11. oz. dwt. £

1,043 0 3,651
1,025 8 3,589
231 15 812

2,3(X) 3 8,052

214 0 749
3,798 1 13,279
4,557 8 15,951
4,046 17 14,267

12,616 6 44,246

2,787 18 9,758
11,019 2 38,567
18,363 10 64,294
37,499 17 131,250
39,840 18 140,781
19,486 19 63,597 70,212 10 246,944
723 2 340 2,391 9 16 0 109,943 29,679 14 5'40 98,765 0 17 11 82,090 16 208,059
4,457 13 13,539 211,116 42,749 0 4'12 133,875 0 12 8120,546 3 403,234

5,180 15 15,930 321,059 91,915 13 4'51 296,237 382,360 14 1,242,887

868 0 '97 2,585 2 18 1 McArthur-Forrest 15,745 2,887 4 3'66 8,921 0 11 3 10,260 11 33,687
916 9 '87 2,653 210 2 do. 13,652 2,894 16 424 8,482 0 12 5 10,014 16 32,205
‘763 15 '94 2,419 3 1 3 do. 13,977 3,405 10 4'88 10,075 014 5 9,946 13 32,887
722 4 1'33 2,166 4 O 4 (10. 11,735 2,535 9 4'31 7,606 ,0 12 9 10,186 3 34,715
625 19 072 1,974 2 6 0 do. 13,783 2,201 4 3'20 6,003 ,0 8 8 10,921 3 33,497
702 11 1'15 2,233 3 13 2 do. 12,660 2,763 1 4'36 9,120 014 4 11,259 3 38,160
890 9 1'07 2,670 3 4 4 do. 13,343 3,279 14 4'91 9,840 ‘,0 14 9 11,849 3 39,004

900 383 0 8'51 1,149 ‘1 5 6 383 0 1,149

1

128 7 449

627 8 2,198
1,589 12 5,559

2,217 0 7,757

272 0 952

797 0 2,791
743 0 2,601
1,407 15 4,927

2,947 15 10,319

493
 TA'BULAR STATEMENT OF THE RAND'S GOLD
Mun. I
N f 00 N D T0119 Aver- Value .
ume 0 mpuny. 0. a s r - age 1'
Year. Tonnage. of 11111511 3127111) Yleld' Per Value‘ 3371. Process. Ton‘
stamps ing. per 1011- M39‘
I diem. oz. dwt. dwt_ £ a. d. .2 a. d
Durham 1888 20 3,839 0 13,437 0 0
Roodepoort. 1889 2,780 25 14,539 5 50,258 0 0
1890 15,880 25 16,017 17 2018 56,062 0 0 3 10 6
1891 40,047 70 23,155 12 11'51 81,041 0 0 2 O 5
1892 59,559 70 30,931 0 1038 111,344 0 0 1 17 3
1893 78,651 70 37,883 0 9'63 136,606 0 0 1 14 9
1894 77,745 70 38,447 19 1003 138,978 0 0 1 16 2
Total to ,.
Dec“ 1894 274,662 164,813 13 1008 587,726 0 O 1 18 6

1895— ‘
January 8,025 60 2800 4'77 3,782 0 9'42 13,595 0 0 1 13 10
February 7,250 60 2700 4'47 3,283 0 9'05 11,818 0 0 1 12 7
March 7,985 60 28'00 4'75 3,696‘ 0 925 13,30’ 0 0 1 13 3
April 7,990 60 2800 4'75 ‘ 3,717 0 9'30 13,381 0 0 1 13 5
May 8,275 60 29'00 4'75 3,866 0 9'34 13,725 0 0 1 13 2
June 8,375 60 29'00 4'81 ‘ 3,987 0 9'52 14,352 0 0 1 4 0
July 8,475 60 2909 4'87 4,072 O 9'60 14,659 0 0 1 14 7

Dwarsvlei. 1890 10 917 2 3,210 O 0

East Anglian. 1891 5 83 17 294 0 0

East Rand 1894 37 0 133 0 0

Proprietary.

East Roodepoort. 1893 4,671 15 1,188 17 5'09 4,197 0 0 0 18 3

Edenburg Mines. 1891 10 823 15 3,017 O 0

Emma. 1891 9,243 20 2,521 15 5'45 8,825 0 0 1 1 6

Enterprise. 1889 5 269 0 942 0 0

Ethel 1889 593 15 689 17 3,140 0 0

(see also East 1890 4,499 15 1,510 11 6'71 5,287 0 0 1 3 6
Roodepoort). 1391 1,890 15 373 15 5'01 1,308 0 0 0 17 9

Iglg‘lff‘llstgl 6,482 2,574 9 6'84 9,735 0 0 1 1 7

Evelyn. 1888 '15 720 0 2,520 0 0

1889 K) 1,392 0 4,872 0 0
1890 20 2,045 8 7,189 0 0
1891 18,536 4,957 18 5'34 17,353 0 0 O 18 8
1892 3,132 821 2 5'23 2,975 0 0 0 18 11
1893

Total to .
Dec" 1894 21,668 9,936 8 5 33 34,909 0 0i 0 18 9
494
PRODUCTION for the Years 1887 to 1895 inclusive.
CONCENTRATES. Turmos.

Total Total
Per Value Per yield. value.
Yield. ton. Value. per ton. Process. Tonnage. Yield. ton. Value. Per ton.
oz. dwt. oz. £ £ a. :1. oz. dwt. dwt. £ £ a. d. oz. dwt. £

' 3,839 0 15,43

14,539 5 50,258
16,017 17 56,062
23,155 12 81,041
30,931 0 111,344
79,765 22,751 0 70,954 60,634 0 207,560
101,245 22,562 0 67,685 61,009 19; 206,663

181,010 45,313 5'00 138,639 0 15 4 210,126 13 726,365

McArthur-Forrest 6,885 1,564 0 4'54 4,692 0 13 7 5,346 0‘ 18,287

Cyanide 7,375 1,807 0 4'90 5,421 0 14 8 5,090 0 17,239
do. 6,400 1,821 0 5'69 5,436 0 17 0 5,517 0 18,768
McArthur-Forrest 6,790 2,113 0 6'3 6,339 0 18 8 5,830 0 19,720
do. 6,875 1,972 0 5'73 5,916 0 17 3 5,838 0 19,641
do. 5.930 1.867 0 6'29 5,601 O 18 10 5,854 0 19,953
do. 6,215 1,827 0 5'87 5,481 0 17 6 5,899 0, 20,140

917 2 3,210

83 17i 294

952 432 5 9'27 1,313 1 8 2 469 5 1,446

1,188 17 4,197

823 15 3,017

2,521 15 8,825

269 0
l 942

689 17 3,140
1,510 11 5,287
373 15 1,308

2,574 3 9,735

720 0 2,52)
1,392 0 4,872
2,045 8 7,189
4,957 18 17,353
821 2 2,975
13,461 2,545 19 3'79 8,183 0 12 1 2,545 19 8,183

13,461 2,545 19 3'79 8,183 0 12 1 12,482 7 43,092

495
 TABULAR' STATEMENT OF THE RAND'S GOLD
MILL.

. N Tons Aver- Value

Name of Com pan y . Year. Tonnage. of0. Da
milsl-s stldemp
r -
Yleld' age
P" a
van" per
ton. Process. 30:;
‘stamps ing. per ton- n° "
diem. oz. dwt. dwb, £ a. d. £ a. d.

Fern (now Rip). 1891 2,162 10 734 6 6'97 2,571 0 O 1 3 4

1892 3,634 10 1,328 3 7'31 4,732 0 0 1 6 0

Total to .- .
Dec.’ 1894. 5,496 2,062 9 7 11 7,303 O 0 1 5 2

Ferreira. 1889 100 10 220 0 27-50 770 0 0 4 16 3

1891 54,817 40 46,341 16 1690 162,191 0 0 2 19 2
1892 49,250 40 35,339 15 1435 127,936 0 0 2 11 1
1893 47,376 40 43,978 1 1856 155,131 0 0 3 5 5
1894 47,959 40 52,547 8 21'92 183,914 0 0 3 17 7
Total to .
Dec“ 1894 199,502 178,427 0 1788 629,942 0 0 3 3 1
1895
January 4,163 40 2948 3'52 4,768 11 2290 16,690 0 O 4 0 8
February 4,026 40 2675 376 4,257 4 21'14 14,900 0 0 3 14 0
March 4,319 40 2975 3'63 4,539 0 2101 15,886 0 0 3 13 6
April 4,263 40 28'90 3'70 4,510 11 21'16 16,232 0 0 3 16 1
May 4,471 40 2950 378 4,700 7 2102 16,451 0 0 3 13 7
June 4,284 40 2868 374 4,709 17 21'98 16,484 0 0 3 16 11
July 4,519 40 29'65 380 4,768 12 2110 16,690 0 0 3 13 10

First Transvaal 1890 220 15 80 0 727 280 0 0 1 5 5

Netherlands 00- 1891 20 599 16 2,099 0 0
Total to .- d

Dec.’ 1894. 220 679 16 2,379 0 0

Fleming (Alluvial). 1888 926 0 3,241 0 O

Gardiner Main 1891 5,163 10 2,356 16 913 8,251 0 0 1 11 1

Reef (now 1892 2,301 10 782 14 6'80 2,792 0 0 1 4 0
Balmoral). 1
Total to . . ‘
Dec" 1894 7,464 3,139 10 841 11,043 0 0,1 8 1

Geldenhuis Estate. 1887 101 20 507 9 100'48 1,776 0 Oil? 11 8 l

1888 4,278 20 4,499 5 2100 15,740 0 Ol 3 13 0 l
1889 1,386 20 1,238 18 1780 4,337 0 o 3 2 41 l
1891 29,964 50 31,123 5 2003 109443 0 0 3 13 6 |
1892 78,053 90 47,727 3 1222 172626 0 0 2 4 2
1893 83,048 80 47,434 6 11'42 172,948 0 0 2 1 7
1894 162,230 80 43,636 8 751 156,627 0 0 1 6 10
Total to - . .
Dec“ 1894 359,060 116,166 14 981 633,497 0 0 1 15 3 I
1895—
January 10,399 80 2913 4'46 4,168 0 800 15,005 0 0 1 8 7
February 430 6 1,506 0 0
March 7,944 120 1300 5'09 2,444 0 6'15 8,676 O 0 1 1 10
April 12,900 120 2616 4'11 4,415 8 684 15,894 0 0 1 4 7
May 15,000 120 2890 4'32 5,466 10 7'28 19,133 0 0 1 5 5
June 15,120 120 2800 4'50 5,503 19 723 10,815 0 0 1 6 2
July 15,681 120 2900 4'50 5,520 9 704 19,185 0 0 1 4 5
PRODUCTION for the Years 1887 to 1895 inclusive.
Coscsx'mn'us. Tuuxos.

Total Total
Per Value Per yield. value.
Yield. ton. Value. pen-ton. Process. Tonnage. Yield. ton. Value. Per ton.
oz. dwt. on £ £ s. d. oz. dwt. dwt. £ 2 a. d. oz. dwt. £

734 6 _ 2,571
1,328 3 4,732

2,062 9 7,303

220 0 770
46,339 16 162,191
35,341 15 127,936
35,764 11,697 19 6'55 36,796 1 0 4 55,676 0 191,927
40,897 13,499 13 6'62 40,497 0 19 8 66,047 1 224,411

76,661 25,197 12 6'58 77,293 1 0 1 m3,624 12 707,235

Cyanide 3,430 1,461 7 8'52 4,38 1 5 6 6,229 18 21,074

do. 3,234 1,214 5 7'50 3,643 1 2 6 5,471 9 18,543
do. 3,234 1,416 5 8'75 4,249 1 6 3 5,955 5 20,135
do. 3,038 1,225 0 8'06 3,675 l 4 2 5,735 11 19,907
McArthur-Forrest 3,136 1,047 12 6'68 3,143 1 0 0 5,747 19 19,594
Cyanide 3,283 1,120 12 6'82 3,362 1 0 5 5,830 9 19,846
do. 2,989 1,199 1 8'02 3,597 1 4 0 5,967 13 £1,287

1 80 16 280
1 599 0 2,099
x
1 679 10 2,379

926 0 3,241

2,356 16 8,251
782 14 2,792

3,139 10 11,043

507 9 1,776
4,499 5 15,741
1,238 18 4,337
31,123 5 109,443
47,727 3 172,626
47,434 6 172,948
535 8 2,137 68,921 14,742 18 4'37 45,582 013 4 58,914 14 204,346

535 8 2,137 68,921 14,742 18 4'37 45,582 0 13 4 191,445 0 681,217

Cyanide 12,941 1,798 0 2'77 5,394 0 8 3 5,966 0 21399

do. 11,733 1,980 4 3'37 4,455 0 7 7 2,410 10 5,961
do. 12,487 2,333 15 3'73 5,250 0 8 4 4,777 15 13,926
do. 10,096 3,145 8 4'25 4,827 0 9 6 6,560 16 20,721
do. 10,205 1,991 15 3'93 5,975 0 15 11 7,458 5 25,108
do. 8,961 2,110 15 4'71 5,805 0 19 7 7,614 14 25,620
do. 9,751 2,258 11 4'63 6,696 0 13 8 7,779 0 25,881

von. 1. 497 x K
 TABULAR STATEMENT OF THE RAND’S GOLD
MILL.
N ' f CO N D Tons Aver- Value
umeo m p an y . Year. Tonnage ofo. 11 s stgemp
milSl- r -
Yleld age
P91‘ ,.
lame I91‘
tion. 30:"
stamps ing. per Wn- are‘
diam. oz. dwt. dwt. £ a d. 2 I. d

Geldenhuis Main 1889 500 10 739 6 29'57 2,587 0 0,5 3 6

Reef. 1890 8,341 15 7,290 18 17'49 25,519 0 0 3 1 4
1391 5,163 10 2,356 16 913 8,251 0 011 11 11
1892 2,301 10 782 14 6'80 2,792 0 0'1 4 0
1893 9,384 20 8,417 7 7'77 11,828 0 0 1 7 9
1894 29,993 30 9,917 0 6'61 31,817 0 0 1 2 9
I
59221923,, 55,632 24,504 1 8'80 35,294 0 0,1 1 7
1895—
January 8,314 30 27'60 8'89 1,243 7 7'73 4,421 0 0 1 7 5
February 3,107 80 26'50 3' 1,328 15 8'55 4,727 0 0 1 10 5
March 3,100 30 28'75 3'60 1,397 3 9'01 4,892 0 0 1 11 6
April 8,323 80 30‘40 3'25 1,324 17 7'97 4,632 0 0 1 7 10
May 3,156 30 26'33 4'01 1,419 11 8'99 5,014 0 0 1 11 9
June 3,000 30 2765 8'61 1,403 15 9'35 4,844 0 0 1 12 8
July 3,875 30 24'80 4'54 1,624 13 9'6 5,775 0 0 1 14 2

George and May. 1394 24,362 30 5,312 4 4-77 21,401 0 0 0 17 9

1895—
January
February
March
April
May
June
July

George Goch. 1889 1,516 10 1,103 0 19'96 , 3,861 0 0:2 7 9

1890 8,222 80 5,150 10 1252 , 18,027 0 0‘2 8 1
‘1891 25,224 {-1) 10,701 7 8'48 37,454 0 0, 1 9 8
1892 28,325 30 10,523 5 7'43 38,447 0 0,1 7 2
1898 20,730 50 7,180 14 6'92 26,502 0 0 ,‘ 1 5 7
1894 62,108 50 18,285 4 5'58 66,403 0 0,1 0 9
Total to ,. , _, , l ‘
Dm’1894 146,125 52,944 0 723, 190,69400‘1 G 0
1695- |
January 5,714 50 2825 4'52 2,001 10 700 7,204 0 0‘1 5 2
February 5,311 50 I25'50 4'16 1,859 0 7'00 6,715 0 0 1 5 3
March 5,720 50 27'50 4'16 2,002 0 7'00 7,207 0 0 1 5 2
April 5,437 50 3'95 1,917 15 7'05 6,902 0 0,1 5 4
May 5,501 50 28'25 3'89 1,926 0 700 6,934 0 011 5 2
June 5,897 60 25'50 8'85 1,768 5 5'99 6,365 0 0 1 1 7
July 6,640 60 ,27'75 3'28 1,826 13 5'50 6,574 0 0,0 19 9 l

Germania
Syndicate. 1891 613 10 409 10 12'65 1,433 0 0,2
, 4 5 I

Ginsberg. 1394 10,212 10 3,661 15 7-63 14,036 0 0 1 3 3 l

1895—
January 1,088 10 2835 3'82 744 15 1375 2,700 0 O 2 10 0
February 1,089 10 28'18 3'86 758 18 1393 2,700 0 0 2 9 7
March 1,197 10 2960 4'00 695 10 11'61 2,432 0 0 2 0 8
April 1,243 10 2960 4'20 606 16 9'76 2,121 0 0 1 14 1
May 1,190 10 25'25 4'72 720 2 1210 2,520 0 0 2 1 4
June 1,287 10 29'50 4'32 719 6 11'17 2,516 0 0 1 19 0
July 1,298 10 2995 4'32 641 12 9'88 2,307 0 0 1 15 6
498
PRODUCTION for the Years 1887 to 1895 inclusive.
CoscExrnA'rxsr TAlLnms.

Total Total
Per Value Per yield. value.
Yield. ton. Value. per ton. Process. Tonnage. Yield. ton. Value. Per ton.
oz. dwt., oz. 41 £ a. d. 02. dwt. dwt. £ 5.‘, s. (I. oz. dwt. f. I

739 a 2,587 '

7,290 18 25,519
h
2,356 16 3,251
782 14 2,792
3,417 7 11,828
‘ 27,850 6,076 4 4'35 17,192 0 12 4 15,993 4 51,509

27,850 6,076 4 4'35 17,192 0 12 4 30,580 5 102,486

Cyanide 2,130 569 3 5'34 1,660 0 15 6 1,812 10 6,081

do. 2,000 560 10 5'60 1,693 0 16 11 1,889 5 6,420
do. 1,900 610 15 6'42 1,803 0 19 0 2,007 18 6,695
do. 2,150 664 18 6'18 1,988 0 18 5 1,989 15 6,620
do. 2,170 671 19 6'19 1,993 0 18 4 2,091 10 7,007
do. 1,920 724 3 7'54 2,162 1 2 6 2,127 18 7,006
do. 2,150 774 0 7'20 2,248 1 O 10 2,398 13 8,023

' , 16,240 3,127 0 3'25 9,954 0 11 6 8,939 4 31,355

Direct Cyanide 191 0 560 191 0 560’

do. 906 327 0 7'21 1,111 1 4 6 327 0 1,111
do. 2,667 731 4 5'48 2,485 0 18 7 731 4 2,485
do. 3,021 630 0 4'17 2,142 0 14 2 630 0 2,142
do. 2,500 910 0 7'28 3,094 1 4 9 910 0 3,094
do. 2,703 900 0 6'65 2,700 0 19 11 900 0 2,700
do. 2,862 770 0 5'38 2,328 0 16 3 770 0 2,328

1,103 0 3,861
5,150 10 18,027
10,701 7 37,454
10,523 5 38,447
7,180 14 26,502
49,338 9,354 11 3'79 28,065 0 11 4 27,639 15 94,468

49,338 9,354 11 3'79 28,065 0 11 4 62,298 11 218,759

Cyanide 7,130 1,509 0 4'23 4,560 0 12 7 3,570 10 11,764

do. 6,417 1,393 0 4'34 4,179 0 13 0 3,252 0 10,894
do. 6,183 1,304 0 4'21 3,912 0 12 7 3,306 0 11,119
do. 4,690 1,257 0 5'33 3,753 0 16 0 3,168 15 10,655
do. 4,339 1,294 O 5'96 3,882 0 17 11 3,320 0 10,816
do. 4,636 1,490 16 6'43 4,473 0 17 4 3,259 1 10,838
do. 4,840 1,227 0 5'07 3,681 0 15 2 3,053 13 10,255

409 10 1,433

56 0 151 7,576 1,885 14 4'96 5,544 0 15 3 5,823 9 19,731

Cyanide 972 215 15 4'44 650 0 13' 4 960 10 3,350

do. 894 243 0 5'43 720 0 16 1 1,001 18 3,420
do. 916 244 17 5'34 700 0 15 3 940 7 3,132
do. 1,020 280 5 5'49 840 0 16 5 887 1 2,961
do. 1,030 198 2 3'84 594 0 11 6 918 4 3,114
do. 1,050 2218 0 4'53 714 0 13 7 957 6 3,230
do. 1,022 ' 289 0 5'65 867 0 16 11 930 12 3,174
 TABULAR STATEMENT OF THE RAND'S GOLD l
l MILL.

N i 00 N Tons Ave!‘- Value

ame o m pany . Year. Tonnage. of0. Days
mill- lstamp
per Yield‘
- P61‘
“8° Value’ 3;‘. Process. fine_
stamps ing. per mu. 6 -
diem. oz. dwt. dwh £ a. d. £ a. d.
_
,
Gipsy. 1888 15 793 10 2,777 0 0
, ' 1890 3,877 15 1,398 15 7'21 4,896 0 0 1 5 3
1891 15 1,067 13 3,801 0 0
1892 9,509 15 3,604 9 7'58 13,101 0 0 l 7 6
1893 3,907 15 1,563 6 745 5,645 0 0 1 8 9

Total to , .,
Dec" 1894 17,293 8,427 13 7 70 30,220 0 0 1 7 11

Glencairn. ' 1890 1,761 50 827 0 938 2,895 0 0 1 12 10

1891 50 5,680 14 19,915 0 0
1892 38,12) 50 19,305 7 10'12 69,285 0 0 1 16 4
1893 38,937 50 15,913 14 8'17 37,579 0 0 1 9 6
1894 65,729 50 26,090 11 7'93 94,262 0 O 1 8 9

Total to . 1
Dec., 1894 144,547 67,817 6 938 223,936 0 0 1 13 8

1895—
January 8,238 70 2950 3'98 2,999 12 728 10,797 0 0 1 6 2
February 7,575 '70 26'13 4'13 3,000 0 7'92 10,800 0 O 1 8 6
March 7,745 70 29'70 3'72 3,183 O 8'21 11,458 0 0 1 9 7
April 7,817 70 2814 3'96 3,324 O 8'50 11,967 0 0 1 10 7
May 7,894 70 29'14 3'86 3,312 0 841 11,923 0 0 1 10 2
June 8,059 70 29'00 3'97 3,153 0 7'82 11,470 0 0 1 8 8
July 8,453 70 2950 4'08 3,175 0 7'51 11,369 0 0 1 6 10

Golden Kopje. 1888 3,297 3,327 9 2036 11,646 0 O 3 1 8

1889 8,895 20 2,165 18 4'87 7,582 0 0 0 16 10
1890 6,960 30 1,735 3 4'99 6,072 0 0 0 17 6

D'g‘c’fflsfij, 19,152 7,228 10 4-02 25,300 0 o o 17 2

Gold Fieldsof 1888 10 I 2,772 15 9,700 0 0

S. Africa.

Grahamstown 1887 . 758 0 2,652 0 0

(now Jubilee). 1888 3,337 0 11,675 0 0

Total to
Dec., 1894 4,095 0 . 14,327 0 0

Great Britain. 1891 1,275 25 188 11 2'96 660 0 010 10 4

Griqualand West. 1888 5 175 5 614 0 0

1890 10 158 14 556 0 0

Total to
Dec.’ 0 0
PRODUCTION for the Years 1887 to 1895 inclusive.
CONCENTRATES. Tunmcs.

Total Total
Per "nlue Per yield. value.
Yield. ton. perlon. Procsss. ' Tonnage. Yield. ton. Value.
oz. dwt. oz. 5:‘. a. d oz. dwt. dwt. £ oz. dwt. £

793 10 2,777
1,398 15 4,896
1,067 13 3,801
3,604 9 13,101
2,200 712 14 6'53 1,877 2,276 0 7,522

2,200 712 14 6'53 1,877 9,140 7 32,097

827 0 2,895
5,680 14 19,915
19,305 7 69,285
15,913 14 57,579
859 2 75,109 20,925 1 5'57 62,774 47,874 14 160,441

859 2 75,109 20,925 1 5'57 (2,774 89,601 9 310,115

Cyanide 4,320 1,222 19 5'66 3,665 0 17 0 4,222 11 14,462

do. 4,709 1,502 0 6'37 4,506 019 1 4,503 0 15,306
do. 5,495 1,677 0 6'14 5,031 018 3 4,860 0 16,489
do. 5,225 1,693 0 6'48 5,079 O 19 5 5,017 0 17,046
do. 5,356 1,525 0 5'69 4,575 0 17 0 4,837 0 16,498
do. 4,693 1,558 0 6'64 4,674 0 19 11 4,711 0 16,144
do. 5,360 1,552 0 5'73 4,656 0 17 4 4,727 0 16,025

3,327 9 11,646
2,165 18 7,582
1,735 3 6,072

7,228 10 25,300

2,772 15 9,700

758 0 2,652
3,337 0 11,675

4,095 0 14,327

188 11 660

175 5 614 '

158 14 556

333 19 1,170

501
 TABULAR STATEMENT OF THE RAND'S GOLD
MILL.

c N D Tons Aver- Value

Name of om p an y . ‘ Yearv Tonnage. ofo.ays stamp
mill- per ,.
11cm‘ age
PEI‘ Value‘ 1.
gen. Process. To?
stamps ing. per 1011- Have‘
I . diom. oz. dwt. dwt_ £ .9. d. 2 a. d.

Henry Nourse. ’ 1888 15 4,055 18 14,195 0 0

1889 15 4,327 12 15,148 0 O
1890 7,698 15 4,881 14 12'38 16,656 0 0 2 3 1
1891 8,106 15 5,809 15 1433 20,335 0 O 2 10 2
1892 11,941 20 8,879 3 14'08 31,623 0 O 2 12 11
1893 19,749 25 15,329 18 17'27 55,562 0 0 3 2 6
1894 25,104 25 20,897 18 1605 75,757 0 0 3 0 3

Total to -_ _ .
Dec.7 1894 72,598 1 64,181 18 lo 37 229,277 0 0 2 15 1

1895— . ,
January 2,261 25 30'00 373 1,624 19 1437 5,890 0 0 2 12 1
fiiebrliary 25 2700 1,616 13 1528 5,860 0 0 2 15 4
are 1 5 30'00 30‘ 1,610 18 14'20 5,839 0 0 2 11 6
April 2:086 25 2850 2'92 1,540 4.1476 5,583 0 0 2 13 6
May 2,228 20 2'91 1,6;8 0l14'70 5,908 0 0 2 13 3
June 5,096 40 2100 4'71 3,209 2 1279 11,813 0 0 1 18 3
July 4,994 40 29'00 4'23 ‘ 3,101 12l12'42 11,243 0 0 2 5 0

Heriot (see 1838 7,687 25 4,921 2 17,220 0 0

New Hel‘lotl- 1889 8,770 25 7,950 15 26,9‘ 8 0 0
1890 11,332 25 5,796 17 1023 20,287 0 0 1 15 9
1891 1,016 25 _ 246 13 4'65 863 0 0 0 16 3

D'Egtaisigl‘ 28,805 18,915 7 65,307 0 0

H111’. Waterfall. 1890 - ' 23 0 98 o 0

- l
Howick and 1888 418 9 1,520 0 0
Rocklevmow . 1889 190 4 666 O 0
Middle Béacl;
ee )' ' Total to
Dec" 1894_ 608 13 2,186 0 0

lda (now Roode- - _ _ '- .,.

poor, Deep Level). 1891 1,555 30 283 t .364 992 0 O 0 12 9

ldola. 1890 470 5 576 0 2453 2,016 0.0 4 5 9

Johannesburg 1888 10 4,969 12 17,394 0 0

Pioneer. 1889 10 5,515 13 16,287 0 O
1890 7,973 10 9,542 6 23'93 33,401 0 0 4 4 0
1891 11,313 20 9,260 14 16'37 32,413 0 0 2 17 6
1892 14,306 15 11,672 9 1631 42,267 0 0 2 19 1
1893 19,910 20 10,951 17 11'00 39,187 0 0 1 19 4
1894 17,607 20 9,073 0 10'30 32,068 0 0 1 16 9

Total to ,. _
Dec.’ 1894 71,109 I 60,98.) 11 14 20 213,017 0 0 2 1 5
1895-—
January 1,926 20 2930 327 1,005 15 10'44 3,520 0 0 1 16 6
February 1,600 20 26213 3'04 1,010 16 1262 3,537 0 O 2 4 2
March 1,749 20 2950 2'97 1,058 10 12'10 3,704 0 0 2 2 4
April 1,962 20 3'43 1,080 11 11'01 3,781 0 0 1 18 6
May 1,880 20 2.12.) 3'22 1,155 7 12'26 4,044 0 0 2 2 10
June 1,703 20 29'00 2'94 1,305 3 15'28 4,568 0 0 2 13 5
July 1,863 30 29'00 3'10 1,310 3 1406 4,586 0 0 2 9 2
PRODUCTION for the Year 1887 to 1895 inclusive.
77 Coscsx'rna'rss. TAT mxcs.

- - Total Total
Per Value Per yield. value.
Yield. , ton. Value. per ton. Process. Tonnage. Yield. ton. Value. Per ton.
oz. dwt. oz. 3. £ .1. cl. oz. dwt., dwt. £ £ 8. (1. oz. dwt. £

4,055 18 14,196
4,327 12 15,148
4,881 14 16,656
5,809 15 11,335
. 8,879 3 31,623
23,550 6,893 3 5'60 19,056 0 16 3 22,223 1 74,618
25,100 8,236 18 7'24 24,605 1 1 9 29,134 16 100,362

48,650 15,130 1 6'2 43,661 0 17 11 79,311 19 272,938

Cyanide 1,600 633 10 7'90 1,899 1 3 9 2,258 9 7,789

(10. 1,500 676 3 9'00 2,028 1 7 0 2,292 16 7,888
do. 1,600 607 4 7'58 1,821 1 2 9 ‘2,218 2 7,660
do. 1,500 630 19 8'41 1,892 1 5 2 2,171 3 7,475
McArthur-Forrest 1,600 660 19 8'25 1,983 1 4 9 2,298 19 7,921
Cyanide 1,980 734 4 7'41 2,202 1 2 2 3,993 3 14,015
do. 3,960 1,459 13 7'37 4,379 1 2 1 4,561 5 15,622

4,921 2 17,229 '

‘7,950 15 ~ 26,9281
15,796 17 20,287
l 246 13 863
1
18,915 7 65,307

l 28 0 98
l
l 418 9 1,520

190 4 666

‘- 608 13 2,186

I 283 7 992

. 576 0 2,016

1 4,969 12 17,394
5,515 13 16,287
9,542 6 33,401
9,260 14 32,413
191 8 573 11,863 17 42,840
10,951 17 39,187
1,120 4 3,742 10,193 4 35,810

1,311 12 4,315 62,297 3 217,332

1,005 15 3,520
1,010 16 3,537
1,058 10 3,704
1,080 11 3,781
1,155 7 4,044
1,305 3 4,568
1,310 3 4,586
5C3
 TABULAR STATEMENT OF THE RAND’S GOLD
1 MILL.
N fC N Tons Aver- Value
ameo ompany. 0. Days per - 1129 per _
Year. Tonnage. of mill- stamp Yleld‘ Per value‘ ton. Process. 3:20
stamps ing. per ton. o -
diem. oz. dwt. dwt, £ a. :1. $3 I. d

Jubilee. 1887 768 8 1,608 0 40'05 5,628 0 0 7 6 6

1888 3,687 4,936 10 27'00 17,278 0 0 4 13 8
1889 7,9@ 15 6,605 9 16'71 20,960 0 0 2 13 0
1890 10,880 15 - 12,332 11 22'67 43,164 0 0 3 19 4
1891 11,965 15 9,286 0 1552 30,744 0 0 2 14 2
1892 18,037 35 11,577 1 1283 41,427 0 0 2 5 11
1893 43,673 35 24,774 10 11'34 86,713 0 0 1 19 9 13
1894 38,231 85 21,564 4 11'28 75,471 0 0 1 19 7

Total to _ .
Dec“ 1894 135,143 92,684 5 1371 321,380 0 0 2 7 8 13

1895— Q
January 3,352 35 8'33 1 3'37 1,628 14 9'71 5,700 0 0 1 14 0
February 3,045 95 26'49 328 1,62) 19 1064 5,673 0 0 1 17 3
March 3,905 45 2700 , 3'21 1,788 12 9'16 6,258 0 0 1 12 0
April 4,486 50 2795 , 820 2,397 6 1068 8,390 0 0 1 17 4
May 4,395 55 2450 1 326 2,216 16 10'08 7,759 0 0 1 15 3
June 5,153 55 28'16 3'32 2,208 5 8'57 7,728 0 0 1 10 0
July 5,025 55 2825 3'28 2,171 15 8'64 7,601 0 0 1 10 3

Jumpers. 1888 10,261 1 30 I 11,718 10 2284 46,294 0 0 4 0 1

1889 30,505 70 I 21,778 0 1427 71,014 0 0 2 2 6
1890 70,944 100 , 30,230 11 8'52 105,806 0 0 1 9 9
1891 45,210 100 16,918 2 7'18 59,212 0 0 1 6 O
1892 48,452 100 26,651 19 8'52 74,199 0 0 1 10 7
1893 89,527 100 38,635 2 141,041 0 O 1 11 3
1894 107,952 100 , 47,662 11 8'83 176,051 0 0 1 11 10

Total to _ _ _
Dec.’ 1894 402,851 I193,594 15 961 673,617 0 0 1 13 5
1895— 1 |
January 10,471 100 2800 1 3'73 3,672 17 701 13,590 0 0 1 5 11
February 9,562 100 2550 1 3'75 3,644 13 7'62 13,485 0 O 1 8 2
March 7,773 100 2850 1 2'72 3,883 14 9'99 14,370 0 O 1 16 11
April 10,456 100 2800 3'73 4,005 1 7'66 14,819 0 0 1 8 4
May 10,390 ‘ 100 29'00 3'54 4,761 16 9'16 17,619 0 0 1 13 10
June 9,901 160 2850 3'47 4,854 19 9'80 17,963 0 0 1 16 3 Cyanide 147
July 11,047 100 29'00 3'80 4,855 4 8'78 17,964 0 0 1 12 6

Kamboola. 1888 5 1,055 15 3,706 0 0

Kennedy_ 1890 160 0 560 0 0

, Syndlcate.

Kimberley 1888 20 1,583 1 5,469 0 O

Roodepoort (see 1889 20 1,665 12 5,801 0 0
Raodipovlart )
" im er ey" .
Total to
Dec” 1889 3,248 13 11,300 0 0

King Solomon's , 1888 315 0 1,102 0 0

Mmes ‘new, 1889 250 20 0 256 112 0 0 0 s 11
Champ d0r)- 1020 2,350 20 436 5 3-71 1,527 0 0 0 12 11

T°mlt° 2000 1 - r 0 12 7
Dec“ 1894 , 78 5 360 2,741 0 0

504
PRODUCTION. for the Years 1887. to 1895 inclusive.
CONCENTRATl-IS. TAILINGS.

I Total Total
Per ‘Value Per yield. value.
Yield. wn. "alue. per 1011. Process. Tonnage. Yield. ton. Value. Per ton.
oz. dwt.: 02. £ £ a. 11. oz. dwt. dwt. £ £ a. (1. oz. dwt. £

1,608 0 5,628
4,936 10 17,278
6,605 9 20,960
12,332 11 43,164
9,286 0 30,744
208 0 763 5,534 6 18,344 17,319 7 60,539
36 O 2'75 126 9 13 10 16,334 5,254 16 6'43 15,749 0 19 6 30,065 6 102,588
15,826 5,510 13 6'42 16,196 1 0 10 27,074 17 91,667

244 0 894 32,160 16,299 15 6'69 50,289 0 19 1 109,228 0 372,568

McArthur-Forrest 1,235 466 7 755 1,399 1 2 6 2,095 1 7,099

do. 1,235 420 3 6'80 1,260 1 0 3 2,041 2 6,933
do. 1,430 429 0 6'00 1,287 0 18 0 2,217 12 7,545
do. 1,625 459 17 5'66 1,379 0 16 10 2,857 3 9,769
do. 1,625 407 1 5'01. 1,221 0 15 0 2,623 17 8,980
do. 1,560 448 19 5'43 1,347 0 17 3 2.657 4 9,075
do. 1,690 441 10 5'22 1,325 0 15 7 2,613 5 8,926

11,718 10' 46,294

21,778 0 71,014
30,230 11 105,806
16,918 2 59,212
294 2 1,176 1 26,946 1 75,375
33,635 2 141 ,04 1
88.312 14,818 19 3'35 44,447 0 10 0 62,481 10 220,498

294 2 1,176 88,312 14,818 19 3'35 44,447 0 10 0 208,707 16 719,240

McArthur-Forrest ' 9,073 1,449 7 3'19 4,348 0 9 6 5,122 4 17,938

Cyanide 5,016 465 18 1'86 1,399 0 5 9 4,110 11 14.883
do. 3,935 516 3 2'62 1,548 0 710 4,399 17 15,918
do. 3,321 700 10 4'21 2,101 0 12 8 4,705 11 16,920
do. I 9,830 2,142 17 4'36 6,424 0 13 0 6,904 13 24,043
315 16 2'14 947 6 8 10 (10. 11,375 1,850 6 3'25 5,551 0 9 9 7,021 1 24,461
6,855 723 9 211 2,170 0 6 4 5,578 13 21,134

1,055 15 3,706

160 O 560

1,583 1 5,469
1,665 12 5,831

3,243 13 11,300

I 315 0 1,102
30 0 112
i 436 5 1,527

I 781 5 2,741
(W
0Q1
 TABULAR STATEMENT OF THE RAND'S GOLD
MILL. '

\7 f C l N Tons Aver- Value

1 sum 0 ompany. ! 0. Days per ,. use per
Year. Tonnage. of mill~ stamp Yield‘ P91‘ value‘ ton. Process. 35:‘;
‘stamps ing. per ten. 5 -
diem. oz. dwt. d‘vf“ i‘. 8. ll. 5.‘. s. (1.

Kleinfontein (see I 1889 1,982 10 6,339 O 0

New Kleinfontein).l 1890 260 0 910 0 0
1891 19,610 50 4,471 8 4'45 15,541 0 O 0 15 6
1893 9,941 35 4,779 4 9'56 17,360 0 0 1 14 11
Total to _
Dec” 1893 29,551 11,493 2 6 26 40,150 0 0 1 2 3

Knight's Tribute 1893 8,006 40 2,126 16 5'31 8,171 0 0 1 O 4

("0W G|e"|u¢e)- 1894 15,302 40 4,582 14 6'05 16,785 0 0 1 2 3

Total to .i-
Dec.’ 1894 23,308 6,709 10 5 (0 24,956 0 0 1 1 5
La Fortuna. l 1892 I l I i

Lancaster. 1895— 1
June 511 10 17'50 2'92 186 0 7'28 678 0 0 1 6 6
July 544 10 1850 2'94 158 0 5'80 553 0 O 1 0 4

Langlaagte Block 1891 63,661 100 14,689 0 4'61 51,944 0 0 0 16 3

B (Block B Lang- 1892 92,328 80 24,368 0 5'27 87,956 0 0 0 19 0
laasie Esme)- 1893 64,066 55 19,321 4 6'12 70,465 0 0 1 1 10 73
1894 75,731 75 21,846 8 5'07 79,190 0 0 1 0 11 ,
Total to , i .
Dec" 1894 295,786 80,524 12 544 289,555 0 0 0 19 6 13
1895—
January 7,964 75 28'20 3'76 2,226 0 559 8,017 0 0 1 0 2 Cyanide 152
February 7,722 75 27150 3'73 2,080 0 5'39 7,488 0 0 0 19 4 McArthur- 132
March 8,539 75 3005 3'79 2,185 7 5'11 7,866 0 0 0 18 7 Forrest 156
April 8,909 75 2940 4'04 2,381 6 5'34 8,572 0 0 0 19 3 do. 156
May 9,440 75 29'95 4'20 2,122 O 4'49 7,427 0 0 0 15 9 do. 156
June 9,185 75 29'33 4'17 2,228 12 4'85 8,078 0 0 0 11 10 do. 156
July 9,225 75 2975 4'08 2,338 0 5'07 8,475 0 0 0 18 4 do. 156

Langlaagte ’ 1339 1,720 30 508 13 592 1,733 o 0 1 0 o

Cenh'al (now 1890 23,460 30 8,730 16 7'54 30,558 0 0 1 6 3
Paarl Central)- 1891 612 0 2,442 0 0
Total to
Dec" 1894 25,180 9,851 9 34,783 0 0

Langlaagte Estate. 1887 10 1,420 0 1,470 0 0

1888 4,207 10 9,997 15 47'32 34,993 0 0 8 6 4
1889 52,918 70 61,755 0 23'52 220,886 0 0,4 3 4
1890 69,819 70 56,750 0 16'26 198,625 0 0 2 6 11
1891 5,460 60 4,607 0 16'88 16,125 0 012 19 1
1892 185,492 180 69,979 0 7'54 253,280 0 0' 1 7 5
1893 222,732 180 65,812 12 5'90 232,132 0 011 1 1 2,254
1894 259,015 180 86,660 12 6'69 305,319 0 0i 1 3 7
Total to .- ._ . . . 0
Dec" 1894 499,643 356,981 19 888 1,262,830 0 0‘ 1 12 4 2,-54
1895—
January 21,057 160 2970 4'42 7,121 0 676 25,550 0 0| 1 4 3 McArthur- 438
February 18,033 160 27'33 4'12 8,012 6 888 28,541 0 0,1 11 7 Forrest 360
March 19,800 160 30'40 4'07 5,453 0 8'53 30,200 0 O 1 10 6 do. 557
April 20,155 160 29'40 4'27 8,558 0 8'49 30,000 0 01 1 9 9 do. 585
May 20,269 160 30'16 4'19 8,339 0 8'23 29,500 0 0;‘ 1 8 1 do. 585
June 19,323 160 29'00 416 7,974 8 8'25 28,500 0 0 1 9 5 do. 585
July 20,780 160 3025 4'29 7,056 8 6'79 25,320 0 01 1 4 4 do. 585
 THF
1". 5 _
I \ .f_|_L_‘_SiTY

C9 159-161».
I. or

PRODUCTION for the Years 1887 to 1895 inclusive.

Coxczs'uurrss. Tuuxcs.

Total Total
, Per val l1" _ P81‘ yield. value.
Yleld. , ton. Value. per ton. Process. Tonnage. Yield. , 1.011. Value. For ton.
oz. dwt.; oz. £ £ a. d. oz. dwt. dwt. £ .2 s. d. oz, dwt“ £

1 1,952 10 6,999
260 0 910
4,471 8 15,641
4,779 4 17,960
I
,1 11,499 2 40,250

.i 14.714
9,210 2,955 11
4,790 19 571! 12,490
8-72 7,590 00 16
18 51 4,482 07
9,919 15,761
29,275

I 22,954 7,086 4 6-17 20,080 0 17 5 19,795 7 45,096

[ l ; 1 2,408 51 1 8,427 ' 2,408 51 8,427

Cyanide 812 151 10 9-79 441 0 10 10 997 10 1,119

do. 811 209 0| 482 609 014 5 961 0, 1,162

l i1 14,689 00 51,944
24,368 87,956
100 0 1-28 900 9 17 0 66,100 6,869 19 2-02 20,611 26,591 9 91,976
2,557 1 7,670 I 84,710 11,297 16, 2-65 99,715 0 7 11 95,641 5 120,575
2,657 1 7,970‘ :152,210 18,107 15‘ 2-96 54,926 0 7 11 101,299 8 951,851
1

3 I
220 15 1-44 663 4 7 2 Cyanide , 5,590 709 0 251 2,109 0 7 6 9,149 15 10,819
259 0 1-96 777 5 17 9 111641-61161-1‘014556 5,590 749 2 264 2,229 0 7 10 9,062 2 10,494
227 8 1-77 892 5 6 8 do. ,590 761 8 272 2,289 8 s 2 9,224 9 10,981
916 1 2-02 948 6 1 6 do. 5,590 649 8 290 1,990 0 610 9,940 15 11,450
928 4 210 951 6 2 0 do. 5,060 676 11 265 1,962 0 7 9 9,126 15 10,940
999 9 2-19 967 6 4 0 do. , 4,790 459 4 194 1,991 0 5 7 9,021 5 10,976
9 9 8 217 1,019 6 10 4 do I 5,590 56212, 201 1,687 0 6 0 9,240 0 ‘11,180
‘ ‘ 508 19 1,789
8,790 16 90,558
612 0 2,442
9,851 9 94,789
1,420 0 1,470
9,997 15 94,999
61,755 0 220,886
56,750 0 196,625
4,607 0 16,125
2,918 0 7,447 16,684 0 59,424 88,981 0 914,151
9,047 11 4-01 29,999 12 10 1 166,999 90,050 15 9-59 95,029 0 11 4104910 18 955,554
12,388 1 97,706 289,250 47,920 14 994 142,997 010 0 146,969 7 485,962
29,759 12 79,546 450,249 94,055 9 949 290,700 0 10 6 474,791 01,627,166

990 14 227 9,000 617 o McArthur-Forrest 19,800 2,689 19 271 9,100 0 8 2 10,801 12 96,650
1,061 19 295 9,186 8 17 9 do. 16,720 2,585 12 909 7,758 0 9 1 11,659 17 99,495
1,761 0 916 5,9 9 10 9 do. 17,600 2,979 0 998 8,950 0 10 2 19,199 0 44,450
1,865 19 919 5,600 9 11 5 65. 17,160 2,779 19 929 9,400 0 9 9 19,209 12 44,000
1,667 18 919 5,600 9 11 5 do. 17,600 2,799 7 918 8,400 0 9 6 19,006 5 49,500
2,090 12 947 6,100 10 8 6 (10. 16,720 9,001 17 929 9,000 0 10 9 19,006 17 43,600
2,190 9 364 6,400 10 18 9 (10. 19,900 2,894 0 499 9,500 o 12 9 12,020 11 40,220
597
 TABULAR STATEMENT OF THE RAND’S GOLD
l MILL.

N C 1 Tons Ave!" Value

nme of ompany. No. De '5 per - age per _
Year. Tonna ge., of mili- stamp Yleld' W!" Value‘ ton. Process. fine
Stamps ing. per 1011- g ‘
diem. oz. dwt. dwh £ s.d. £0. d.

Langlaagte Royal. 1890 1,377 10 1,375 4 19-90 4,813 0 0 3 9 11

' 1891 17,661 35 8,776 4 9-94 30,718 0 0 1 14 10
1892 42,870 40 18,146 12 846 65,940 0 0 1 10 7
1893 3 40,478 40 16,476 10 8-14 60,022 0 0 1 9 8
1894 67,989 80 21,097 19 6'06 78,477 0 0 1 3 1
Total to .. ,. ,.
Dec“, 1894 170,375 65,872 9 773 239,970 0 0 1 8 1
1395
January 7,406 80 25-49 363 1,491 1 402 5,591 0 0 0 15 1
February 6,5448 80 2233 302 1,501 0 453 5,629 0 0 0 17 2
March 7,645 80 26'40 363 1,512 0 396 5,670 0 0 0 14 10
April 6,600 80 2200 375 1,075 0 325 4,031 0 0 0 12 2
my 8,852 90 26'00 425 1,414 0 319 5,303 0 0 0 11 11
June 8,298 70 2730 433 1,453 10 350 5,452 0 0 0 13 1
July 9,216 70 2985 440 2,191 4 475 8,217 0 0 0 17 9

Lanslqagte United 1890 14,165 60 5,666 4 8.00 19,83200 1 8 0

( Med \ 1891 26,595 60 4,967 11 3-73 17,394 0 0 0 13 5
l-anslaasm- 1892 10,071 30 3,863 7 7-67 13,940 0 0 1 7 8
1893 35,920 50 10,621 6 591 38,644 0 0 1 2 3
1894 15,727 60 4,819 6 6'16 17,790 0 0 1 2 8
Total to * _ _
Dec" 1894 102,473 , 29,937 14 , 563 107,600 0 0 1 0 11
1895—— 1
May 4,533 60 24-50 3'08 860 10 379 3,119 0 0 0 13 9
June 4,550 60 2785 274 1,198 8 526 4,342 0 0 0 19 1
July 4,503 60 2880 , 260 1,193 16 530 4,828 0 0 0 19 2
Langlaagte 1890 1,317 ‘ ‘ 707 1010-76 2,476 0 0 1 17 8
Western (now 1891 13,088 30 5,038 10 7'65 17,635 0 0 1 6 11
New Crows)- 1892 11,548 30 4,503 2 7'81 15,956 0 0 1 7 9
1893 6,915 20 2,061 0 593 7,364 0 0 1 1 5
Total to , v .
Dec" 1894 32,868 12,315 2 749 43,431 0 0 1 7 7

Late New Violet. 1892 2,870 20 782 10 545 2,741 0 0 0 19 1

Lindum. 1893 3,410 10 l 1,290 8 757 4,660 o 0 1 7 4

1894 130 5 l 51 1 7'85 179 0 0 1 7 6
Tm‘ 1° 3532 1341 9 7-59 4939 0 o 1 7 5
Dec.,1894 ’ 7 1 '

Livingstone- 1888 ' 1,871 0 6,548 0 o

Luipaard's Vlei 1888 252 O 862 O O

Esme- 1889 261 9 915 0 0
1898 4,069 10 1,452 18 714 5,156 0 0 1 5 4
1894 2,220 10 784 3 707 2,725 0 0 1 5 0
Total to I
136,718,, 6,289 2,750 10 711 9,653 0 0 1 5 1
PRODUCTION for the Years 1887 to ‘1895 inclusive.
Coscsarna'rss. TAILINGS.

Total Total
Per Value Per yield. value.
Yield. ton. Value. per ton. Process. Tonnage. Yield. ton. Value. Per ton.
oz dwt. oz. £ 5.‘. I. d. oz.dwt. dwt. £ £ a. d. oz. dwt. £

1,375 4 4,813
8,776 4 30,718
18,146 12 65,941
16,476 10 00,021
95,585 19,014 8 4'00‘ 7,076 40,112 7 135,553
|
95,585 19,014 8 400 57,076 0 11 11 84,886 17, 297,046

Cyanide 11,250 1,100 0 1'95 3,300 0 5 10 2,591 1 8,891

do. 9,720 1,105 0 2'27 3,315 0 6 9 2,606 0 8,944
do. 9,800 1,114 0 2'27 3,342 0 6 9 2,626 0 9,012
do. 10,200 1,120 0 2'23 3,360 0 6 9 2,195 0 7,391
do. 8,520 1,010 0 2'37 3,030 0 7 1 2,424 0 8,333
do. 6,090 610 0 2'00 1,830 0 6 0 2,063 16 7,282
do. 7,910 1,210 0 3'05 3,630 0 9 1 3,401 4 11,847

5,666 4 19,832
4,967 11 17,394
3,863 7 13,940
10,621 6 38,644
4,819 6 17,790

1 l 29,937 14 107,000
Cyanide 3,580 280 0 1'56 840 l0 4 7 1,140 10 3,959
do. 3,750 635 12 3'38 1,905 0 10 1 1,834 0 6,247
do. 3,790 1,067 9 5'63 3,202 0 16 10 2,261 5 7,530

707 10 2,476
5,038 10 17,635
4,508 2 15,956
2,061 0 7,364

l 12,315 2 43,431
1
l
l l 782 10 2,741
l l

1,290 8 4,660
51 1 179

1,341 9 4,839

l I
, 1,871 0 6,548

252 0 862
261 9 915
1,452 18 5,156
57 10 173 841 13 2,898

57 10 173 2,808 0 9,831

 TABULAR STATEMENT OF THE RAND'S GOLD
MILL.
‘ Tons Aver‘ Value
Name of Com an ,. No. Days per - age per
p y Year. Tonnage. of mill- stamp Yleld' Pei‘ Value‘ ton. Process. T0111
stamps mg. per ton. naoa.
diem. oz. dwt. awn £ 8, cl. £ .9. d.

Luimm'd’s Vlei _ 1893 8,431 20 602 0 350 2,100 0 o o 12 1

(West uattery
Red).

Main Reef. 1888 10 2,717 10 9,511 0 0

1889 8,874 10 2,209 6 485 7,743 0 0 0 18 6
1892 43,185 30 12,763 17 5'91 46,119 0 0 1 1 4
1893 8,031 30 2,588 17 6'44 9,391 0 0 1 3 4
1894 23,364 . 30 6,188 14 5'28 22,732 0 0 0 19 4

Total to ' ,
Dec” 1894 83,454 26,468 4 569 95,496 0 0 1 0 7

Marai's Reef (now 1892 312 15 532 00 31-11 1,928 0 0 5 15 1

Hand Nigel). 1893 93‘ 15 937 5 200 3,366 0 0

Total to .. _
Dec" 1594 1,249 1,469 5 2297 5,294 0 0 4 2 8

l'Vlaritzburg 1889 10 272 8 955 O O

Roodepoort. 1890 10 122 9 379 0 0

, Total to
Dec", 1894 394 17 1,334 O 0

May Consolidated. 1888 10 2,354 0 8,236 0 0 '

‘ , 1889 11,200 20 9,948 10 16'87 34,825 0 0 3 2 2
1890 19,038 70 13,088 18 13'75 45,811 0 0 2 8 1
1891 ' 4,6 " 70 2,076 19 9'03 7,299 0 0 1 11 7
1892 65,498 50 27,689 13 8'45 100,091 0 0 1 10 6
1893 60,298 50 24,957 4 8'27 90,472 0 O, 1 10 0
1894 71,065 50 25,355 10 7'12 91,915 0 0,1 6 0

Total to . , 1
Dec“ 1894 231,702 105,470 14 890 378,649 0 0,1 11 11

1895—
January 6,520 50 3050 4'27 2,334 0 7'15 8,461 0 0,1 5 11
February 6,200 50 2775 4'47 2,485 0 8'01 9,008 0 031 9 0
March 6,400 50 3025 4'23 2,618 0 8'18 9,817 0 0,1 10 8
April 6,2(I) 80 1700 4'55 2,322 0 7'49 8,417 0 0,1 7 0
May 9,720 80 2700 4'41 3,350 0 6'89 12,563 0 0‘ 1 5 10
June 10,175 80 2925 3,509 0 6'89 13,720 0 0 I 1 6 11
July 10,500 80 2950 4'44 3,566 0 6'78 12,927 0 0,1 4 7

MaY Deer) Level 1890 644 10 591 6 1835 2,070 0 0‘3 4 3

(“ow .New 1891 5,682 10 5,751 0 2301 26,179 0 O 3 11 0
Pr'mr°se)' 1892 12,340 30 7,471 0 1210 26,937 0 0 2 3 7
1898 14,124 30 5,391 16 7'64 19,842 0 0 1 8 1
1894 8,949 30 2,875 15 6'20 10,449 0 0 1 3 4

Total to .. _ - ,_
Dec" 1,594 41,739 22,080 17 1058 85,477 0 0 2 O 11
.Nouoncload, 401 991 W81 L881 01 9681 "901801101!
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91611850 0w; 19011 0 11-9 8289 0 '91 9 may 0 01.0191
'°P 9910 2.665 0 109 109:9 0 91 0 919,2 0 9911‘01
'09 990111 19920 0 I97’ 099‘9 0 91 I 09019 0 09000
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119
 TABULAR STATEMENT OF THE RAND'S GOLD
MILL.

f Co N Tons AW!‘- Value

Name 0 mpany. 0. Days per .- age per
Year. Tonnage. of mill- stam p 1 ‘81d’ PE!‘ value‘ ton. Process. T03,“
stamps ing. per toll- nave‘
diem. oz. dwt. dwt“ £ a. d. 5 8- d.

Memolitan. 1919 1,999 10 933 15 934 3,265 0 o 1 1 3

1889 2,325 10 850 0 7'27 2,975 0 0 1 5 6
1890 2,62) 20 1,388 16 1060 4,861 0 0 1 17 1
1891 2,366 20 599 16 506 2,100 0 0 0 18 0
1892 29,713 40 7,652 3 5'15 27,335 0 0 O 18 4
1893 16,070 40 402 O 4'81 1,327 0 0 0 15 10
1894 33,689 40 12,066 3 7'16 42,782 0 01 5 6
Total to , _ I
Dec‘, 1894 88,782 23,892 13 538 84,645 0 0,0 19 0
3895-—
January 4,30) 50 2800 3'07 1,227 15 5'71 4,425 0 0 1 O 7
February 4,469 50 25'50 350 1,222 10 5'48 4,393 O 0 0 19 8
March 4,588 50 27'50 1,517 14 6'61 5,460 0 0 1 3 7
April 4,730 50 2800 3'37 1,542 5 6'52 5,558 0 0 1 3 6
May 5,183 50 290) 357 1,537 0 593 5,532 0 0 1 1 4
June 4,894 52 2650 3'57 1,507 8 616 5,625 0 0 l 2 11
July 5,191 55 2800 3'36 1,571 0 605 5,734 0 0 1 2 1
Meyer and 1888 30 6,571 1 23,003 0 0
Charlton- 1889 30 4,470 15 17,550 0 0
1890 22,132 50 15,556 12 1406 55,348 0 0 2 10 11
1891 18,618 50 20,517 5 2214 77,429 0 0 4 0 3
1892 23,513 50 19,137 6 1627 69,664 0 0 2 19 8
1893 34,197 50 27,328 16 15'98 100,147 0 0 2 18 7
1894 44,961 50 25,583 3 1139 94,659 0 0 2 2 0

Total t01894 143,421 119,164 18 1508 437,797 0 0 2 14 11

1895—
January 3,929 50 29'17 269 1,883 16 958 6,944 0 0 1 15 4
February 3,601 50 2665 2'68 1,959 11 1088 7,201 0 0 2 0 0
March 3,824 50 2975 257 2,308 14 1207 8,484 O 0 2 4 4
April 3,931 50 2865 274 2,341 10 11'91 8,605 0 0 2 3 9
May 3,746 50 2950 253 2,385 19 1273 8,769 O 0 2 6 9
. June 2,998 50 2850 210 2,428 13 1620 8,925 0 O 2 19 6
_ July ' 5,928 60 ' 2300 429 2,410 2 8'13 8,857 0 0 1 9 10

Meyer and Leah. 1888 262 0 917 0 0

1889 10 1,477 0 5,171 0 0
1890 5,170 10 2,329 0 900 8,151 0 0 1 11 6
1891 10 1,927 13 6,746 0 0
1892 15,765 15 4,399 17 5'58 15,611 0 0 0 19 9
1893 15,526 15 3,970 19 5'11 14,335 0 0
1894 18,590 15 ' 5,599 .3 6'02 20,186 0 0 1 1 9

Total to .
Dec.’ 1894 55,051 19,965 12 560 71,117 0 0 1 0 1

1895—
January 1,033 15 2345 2'92 581 5 11'25 2,092 0 0 2 0 6
February 1,130 15 25'00 3'01 458 15 811 1,649 0 0 1 9 2
March 1,050 15 23'00 3'05 259 12 4'94 928 0 0 0 17 8
April 1,105 15 2700 2'72 407 5 7'37 1,464 0 0 1 6 6
May 1,135 15 2650 2'86 268 9 4'73 938 O 0 0 16 6
June 150 15 4'00 1'50 130 0 17'33 467 0 0 1 2 3
Mat; ‘figs-w 1891 10 403 18 1,411 0 0
French Rand)‘ 1893 2,289 15 300 1 3'98 1,092 0 O 0 14 0 ,

Total to
Dec" 1894 2,289 703 19 2,503 O 0

512
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 TABULAR STATEMENT OF THE RAND'S GOLD
MILL.

Name of Company. No. DaysI r5225 Y- m fig: _ |

V ] V3419? T
Year. Tonnage. of , mill- stamp 1e ' P91‘ 8' “8' ton. Process. don‘
stamps‘ ing. per ton. age.
diem. oz. dwt. (1W1; £ a 11. £ 9. d.

Mint. 1999- 10 4, 44 0| 14,501 0 0

1999 10 1,700 0; 5,951 0 0

1921151934 5,844 0 20,455 0 0 I

Modderfontein. 1990 795 10 999 19 24-04 9,099 0 04 4 2
1892 2,250 10 1,700 19 15-11 9,219 0 0' 2 15 9
1999 5,929 20 2,999 14 11-27 10,998 0 0 2 1 5
1894 5,107 20 9,404 91992 12,799 0 0 2 9 4
ggcmllgfl 19,420 I 9,995 14I19-99 99,079 0 0 2 9 9
., I
Morkel. 1899 157 10 I I 110 0 140 I 999 0 0I2 0 11
Moss Rose (now 1888 10 5,841 5 18,696 0 O
[\‘ew Primrose)- 1889 10 2,179 1 7,629 0 O
1990 5,599 20 9,124 1 11-75 10,894 0 0 2 0 9
1991 1,500 20 472 0 929 1,952 0 0 1 2 0
1992 1,000 25 890 12 19-91 2,909 0 0 2 19 1
1999 220 0 770 0 0
gezmig4 8,099 12,199 19 10-99 42,489 0 0 1 17 5
'7

Moss Rose 1888 10 721 0 2,524 O O

Extensiol} (now 1899 1,250 20 8,992 19 12,999 0 0
New Primrose)- 1890 1,000 20 1,153 19 23m 4,039 0 O 4 O 9

131392554 2,250 5,557 18 19,452 0 0

'1

M5555 (now 1998 540 0 1,990 o 0

Consolidated . 1890 5,292 10 2,270 7 7'21 7,944 00 1 5 3
Ansle-Tharsls)- 1991 720 297 0 797 1,005 0 0 1 7 10
1892 4,919 1,449 4 970 5,199 0 0 1 9 0 I
ggallgg4 10,928 4,549 11 7-09 15,977 0 0 1 4 10 I
'7

National (now 1998 10 979 0 9,415 0 0

New Unified). 1990 9,290 10 1,597 9 959 5,495 0 0 1 19 4
1991 10 214 7 750 0 0
521M115, 9,290 2,757 15 9,950 0 0 I
‘7

New Aurora West 1992 97,597 90 12,919 19 9-70 49,828 0 0 1 4 11 I

(now Aurora 1999 99,945 40 10,950 19 5-91 97,999 0 o 1 0 7 I
West United» 1994 10,981 90 4,088 15 9-91 19,854 0 o 1 5 9 I
§e"ct_f*1,§§4 95,999 27,059 11 9-99 98,999 0 0 1 9 1 I

New Black 9557 1899 19,995 45 2,455 19 270 8,679 0 0 0 10 2

(now Eworwm- 1994 10,907 20 9,205 4 9-22 11,989 0 0 1 9 9
Total to , I
Dec“ 1894 27,902 5,990 17 4 14 20,095 0 0'0 14 9 I
514
PRODUCTION for the Years 1887 to 1895 inclusive.
CONCENTBATBS- TAILINGS.

Total Total
Per Value Per yield. value.
Yield. ton. Value. pcrton. Process. Tonnage. Yield. ton. Value. Per ton.
oz. dwt. oz. .2 £ t. d. oz. dwt. dwt. £ £ .9. (1. oz. dwt. £,

4,144 0 14,504
1,700 0 5,951

5,844 0 20,455

883 19 3,093
1,700 18 6,219
2,996 14 10,998
, 3,404 3 12,766
7|

1 8,985 14 33,076
1

I 110 0 386
5,341 5 18,696
2,179 1 7,629
3,124 1 10,834
472 0 1,652
830 12 2,908
220 0 770

12,166 19 42,489

721 ‘0 2,524
3,682 19 12,889
1,153 19 4,039

5,557 18 19,452

540 0 1,890
2,270 7 7,944
287 0 1,005
1,446 4 5,138

4,543 11 15,977

976 0 3,415
1,567 8 5,485
214 7 750

2,757 15 9,650

12,613 18 46,828
10,352 18 37,986
8,486 1,197 10 2'82 3,592 0 .8 8 5,286 5 17,446

8,486 1,197 10 2'82 3,592 0 8 8 28,251 1 102,260

19,336 2,906 17 300 8,719 0 8 11 5,362 10 17,416

3.205 4 11,386

19,386 2,906 17 300 8,719 0 8 11 8,567 14 28,&)2

 TABULAR vSTATEMENT OF THE RAND’S GOLD
MxLL.
N fC N Du Tons Aver- Value
time o om pa ny . Year. Tonnage. ofo. mifi-9 stamp
per -
Yleld' age
P81‘ value’ per
ton. Process. T03:
stamps ing. per 10"- nave‘
diem. oz. dwt. dwh £ a. 11. £ s. (I.

‘New Blue Sky. 1894 1,728 10 1,055 10 12'30 3,928 O 0 2 5 5

New Chimes. 1891 10,685 25 7,783 1 14'57 27,229 0 O 2 11 3

1892 45,731 75 28,382 16 1241 102,573 0 0 2 4 10
1893 33,641 40 14,510 9 8'62 52,247 0 0 1 11 0
1894 48,066 23,800 3 9'91 86,051 0 0 1 15 9
Total to 1894‘ 138,125 74,476 9 10'78 268,100 0 0 1 18 9
1895—
January 4,060 40 29'00 3'50 2,225 19 1095 8,010 0 0 1 19 5
February 3,872 40 26'50 3'65 2,047 17 10'57 7,396 0 0 1 18 2
March 4,242 40 2875 3'68 2,384 12 1124 8,631 O O 2 0 8
April 4,251 40 28‘60 3'71 2,399 14 11'29 8,640 0 0 2 0 7
May 4,400 40 3050 3'60 1,884 4 8'56 6,282 0 0 1 10 9
June 3,774 40 290) 3'25 1,644 7 8'71 5,917 0 0 1 11 4
July 4,013 40 2925 3'43 1,810 10 9'04 6,516 0 0 1 12 5
New Comet. 1894 I 1,550 I 10 794 9 912 2,692 0 0I1 15 10
New Croesus. 1892 26,671 30 11,507 1 8'61 41,680 0 O 1 11 2
1893 989 10 419 0 8'67 1,570 0 0 1 11 7
Total to 1894 27,660 11,926 1 8'62 43,250 0 0 1 11 7
1895—
June 6,300 60 26'00 4'00 2,060 0 6'54 7,416 0 0 1 3 6
July 7,810 60 2613 4'34 2,175 6 556 7,830 0 0 1 0 0
New Gipsy. 1694 3,076 I 15 I 785 17 479 2,918 0 0 0 1s 6 |
I
New G'aha'Ps'W" 1890 1,463 10 I 1,177 10 16-09 I 4,121 0 0 2 16 4 I
(now Jubllee). , I

New Heriot. 1892 1,727 10 1,168 12I13'53 4,169 0 0 2 8 3

1893 21,455 40 14,089 21300 50,441 0 0 2 7 1
1894 59,859 60 35,259 9 11'78 126,415 0 0 2 2 3
Total to 1894 83,041 50,517 3I12'16 181,025 0 0 2 3 7
1895- i
January 7,798 60 3025 4'29 4,115 6 1055 14,815 0 0 1 18 0
February 7,077 60 27'75 4'27 4,119 3 11'63 14,828 0 0 2 1 10
March 7,519 60 29'50 4'24 3,946 19 10'49 14,207 0 0 1 17 9
April 7,325 60 2850 4'28 3,520 1 9'61 12,943 0 0 1 15 4
May 7,836 60 29‘75 4'39 3,572 9 9'11 12,860 0 O 1 12 9
June 7,529 60 29'29 4'29 3,571 14 9'48 13,007 0 0 1 14 6
July 7,642 60 y29'29 4'35 3,500 17 9'16 12,893 0 0 1 13 9
New Kleinfontein. 1894 I 97,072| 50 15,018 0 8'10 54,526 0 0 1 9 5
1895—
January 4,736 50 2875 329 1,783 18 7'53 6,416 0 0 1 7 1
February 4,627 65 2500 2'84 1,708 12 7'38 6,193 0 0 1 6 9
March 5,620 65 29-00 298 1,917 5 6'82 6,950 0 0 1 4 8
April 5,722 65 27'50 3'20 2,017 3 7'05 7,312 0 0 1 5 6
May 5,905 65 2925 3'10 2,050 5 6'94 7,432 0 O 1 5 2
June 5,641 65 2850 3'04 2,032 3 7'20 7,366 0 0 1 6 1
July 6,113 65 3000 3'13 2,143 8 7'01 7,770 0 0 1 5 5
New Midas Estate. 1895__
' May 550 10 18'00 3'05 369 2 13'42 1,292 0 O 2 7 0
311110 409 10 1933 2'11 373 1 18'24 1,306 0 0 3 3 9
11 y

516
PRODUCTION for the Years 1887 to 1895 inclusive.
COSCENTIIATES. TAILINGS.

Total Total
Per Value Per yield. value.
Yield. ton. Value. per 5011. Prom", Tonnage. Yield. ton. Value. Per ton.
oz. dwt. 01. £ £ a. d. oz. dwt. dwt. £ £ 8- 11. oz. dwt. £
_— I

1,351 431 4 6'38 ‘ 1,300 0 19 11 1,436 14 5,233

7,733 1 27,229
23,332 16 102,573
32,499 7,296 16 4-49 22,701 0 19 11 21,307 5 74,943
31,993 4,334 10 305, 14,407 0 9 3 23,634 13 100,453
I 64,497 12,131 6 3-74] 37,103 0 11 4 36,657 15! 305,203
Cyanide 2,470 491 1 349 1,293 0 10 6 2,656 11 9,303
do. 2,470 396 16 321 1,033 0 s 5 2,444 13 3,434
(10. 2,660 319 17 255 1,020 0 7 3 2,724 9 9,651
do. 2,350 456 0 920 1,363 0 9 7 2,355 14 10,006
do. 2,350 432 5 337 1,446 0 10 1 2,376 9 3,223
(10. 2,350 438 2 307 1,314 0 9 2 2,032 9 7,291
do. 2,350 333 1 272 1,164 0 3 10 2,193 11 7,630
1,149 273 0 4-66 313 1,012 9 3,510
11,507 1 41,680
419 0 1,570
1 11,926 1 43,250
2,060 0 7,416
Siemens & Halske 5,300 757 0 261 2,660 0 9 2 2,932 6 10,490
| 11,904 y 2,176 11 3'65 6,454 ,0 11 2,962 3 9,302
I | 1 1,177 10; 4,121
1,163 12 4,169
24,153 8,689 13 7-20 25,730 1 1 4 22,779 0 76,221
39,715 ,14,235 6 7-47 42,759 1 2 1 49,494 15 169,174
62,363 i22,925 4 7-29 63,539 1 1 3 73,442 7 249,564
Cyanide 4,973 1,505 19 606 4,515 0 13 1 5,621 5 19,330
do. 4,391 1,549 9 706 4,321 0 19 9 5,66312 19,149
do. 4,300 2.044 2 310 6,432 1 4 1 6,091 1 20,639
60. 4,930 2,204 10 394 6,341 1 7 9 5,724 11 19,734
do. 4,930 2,201 0 8'80 6,603 1 6 6 5,773 9 19,463
do. 4,770 2,050 13 359 6,231 1 6 4 5,622 7 19,233’
do. 5,130 1,867 1 727 5,761 1 2 5 5,367 13 13,654
27,930 4,569 3‘ 323' 13,343’ 19,537 3 68,374

Cyanide 3,640 923 4 510 2,735 0 15 3 2,712 2 9,201

do. 3,770 734 15 416 2,353 0 12 5 2,493 7 3,546
do. 4,350 691 6 313 2,074 0 9 5 2,603 11 9,024
do. 4,270 692 14 324 2,073 0 9 9 2,709 17 9,390
do. 4,590 725 6 316 2,176 0 9 6 2,775 11 9,603
do. 4,010 605 12 302 1,317 0 9 0 2,637 15 9,133
do. 4,930 682 4 274 2,046 0 3 2 2,325 12 9,316

369 2 1,292
373 1 1,306
, McArthur-Forrest 355 645 5 15-09 1,773 i2 1 5 645 5 1,773
 TABULAR STATEMENT OF THE RAND'S GOLD
MILL.
N fc N D Tons Ave!“ Value
ameo om p any. Year. of0.
Tonnage. stamps eye; stlzxmp
mill-
ing. er
per .
Yield‘ age
10n-
P61‘ Value‘ per
ton. Process. u -

diem. oz. dwt dwt" £ 9. (1. £ a (I.

New Primrose. 1889 30 3,626 0 12,682 0 0

1890 21,229 30 12,799 19 1206 44,800 0 0 2 2 2
1891 45,814 50 23,078 10 10'08 80,777 0 0 1 15 O
1892 100,871 100 45,391 2 9'00 162,973 0 0 1 12 4
1893 141,464 100 57,574 8 8'13 207,972 0 0 1 9 4
1.894 154,887 100 67,447 0 8'70 243,938 0 0 1 11 5

Total to 1894 464,265 209,916 19 8'88 753,142 0 O 1 12 0 1

1895—
January 20,823 160 28'00 4'51 7,455 0 7'16 26,837 0 O 1 5 9
February 20,870 160 2685 4'85 7,757 0 7'43 27,926 0 0 1 6 9
March 24,085 160 ‘2920 5'15 8,205 0 6'81 29,477 0 0 1 4 5
April 24,568 160 2900 5'29 8,400 0 6'83 30,200 0 0 1 4 7
May 24,670 16 29'55 5'22 8,225 0 6'66 29,609 0 0 1 4 0
June 24,018 160 2875 5'21 8,420 0 6'10 30,310 0 0 1 5 2
July 25,199 160 2965 5'34 8,400 0 6'66 30,660 0 0 1 4 4

New Rietfontein. 1892 7,572 20 8,234 18 21'74 30,182 0 0 3 19 10

1893 24,043 50 28,168 12 2542 103,721 0 0 4 6 3 11'75
1894 30,537 35 15,396 16 10'86 55,681 0 0 1 16 5

Total to 1894 62,152 1 51,800 6 16'66 189,584 0 0 3 1 0 1175

1895—
January 2,610 35 28'00 2'86 1,488 2 11'40 5,431 0 0 2 1 7
February 2,750 40 26'00 2'64 1,508 15 10'97 6,006 0 0 2 3 8
March 2,950 40 29'00 2'54 1,747 2 11'84 6,377 0 0 2 3 2
April 3,100 40 27'25 2'84 1,715 8 1106 6,261 0 0 2 0 4
May 3,5(1) 50 29'50 2'37 1,755 1 1103 6,567 0 O 1 17 6
June 4,048 50 27'50 2'96 1,708 4 8'43 6,319 O 0 1 11 2
July 3,976 50 3000 265 1,483 5 7'46 5,460 0 0 1 7 5

New Spes Bona. 1893 22,289 25 8,784 5 7'95 31,521 0 0 1 8 3

1894 23,265 50 6,543 15 5'62 23,526 0 0 1 0 1

Total to 1 . .
Dec‘, 1894 45,554 15,328 0 6 72 55,047 0 0 1 4 0

New U'nified. 1893 73,831- 60 16,484 10 4'46 60,738 0 0 0116 5

1894 21524 60 4,589 5 4'46 16,637 0 0 0 16 2

Total to . 1
Dec.’ 1894 94,355 21,073 15 446 77,375 0 O 0 16 4 ,

Nigel. 1888 1,594 4 5,590 0 0

1889 20 3,698 12 12,946 0 0
1890 6,657 20 13,600 12 4086 47,601 0 0 7 3 0
1891 470 20 1,103 12 4696 3,863 O 0 8 4 3
1892 18,030 25 26,570 14 29'47 94,898 0 0 5 3 2 ,
1893 33,641 40 14,510 9 8'62 52,247 0 O 1 11 0 ,
1894 25,510 30 28,088 15 22'03 103,489 0 0 4 1 1 1

Total
1895—
January
to 1894 84,308
2,445 30 28'90 2'91 1 89,166
2,184 10
18 17'86
19'89 320,634
8,083 0 0 3 116 8
1 ,

February 2,268 30 27'70 2'73 2,244 10 19'79 8,304 0 0 3 13 3

March
April 2,632
2,606 30 2950
29'80 2'90
3'05 2,025
1,943 15
0 11538
14'91 7,493
7,192 0
O 0 2 15
16 11
2

May 2,591 30 3050 283 2,138 0 16'50 7,911 0 0 3 1 0

June 2,368 30 ,28'09 280 2,250 0 190) 8,325 O 0 3 10 3
July 2,522 30 ,29'75 2'83 1,540 0 12'21 5,698 0 0 I 2 5 2 |
518
PRODUCTION for the Years 1887 to 1895 inclusive.
CONCENTRATES. Tunmos.

Total Total
Per Value P01‘ yield. \‘3. inc.
Yield. ton. Value. per ton. Process. Tonnage. Yield. 1011. Value. Per ton.
0L dwt. oz. £ £ 0. cl. oz. dwt., dwt. £ £ .9. (.1. oz. dwt. £

3,626 0 12,682
12,799 19 44,&)0
“ ' 23,078 10 30,777
11,084 8 35,618 56,475 10 198,591
169,815 26,2( 3 18 3'08 78,314 83,778 6 286,286
397 0 1,095 117,816 21,177 5 3'54 63,866 89,021 5 308,899

397 0 1,095 287,631 58,465 11 3'18 177,798 0 ' 8 10 268,779 10 932,035

Cyanide 14,174 2,816 0 3'97 5,448 O 11 11 10,271 0 32,285

do. 12,785 2,900 0 4'53 9,425 0_ 14 9 10,657 0 37,351.
do. 14,877 3,207 O 4'31 10,423 0 14 0 11,412 0 39,90)
do. 16,736 3,605 O 4'30 10,815 0 12 11 12,(D5 0 41,015
do. 16,711 3,338 0 3'39 10,850 0 12 11 11,583 0 40,459
do. 15,365 3,598 0 4'68 11,873 0 15 5 12,018 0 42,183
do. 16,855 3,750 0 4'44 10,562 0 12 6 12,150 0 41,222

8,234 18 30,182
79 18 319 20 0 0 26,311 6,957 15 5'28 21,064 0 16 0 35,206 5 125,104
24,555 6,274 19 52) 18,984 0 15 9 21,671 15 74,665

79 18 319 50,866 13,232 14 5'20 40,048 0 15 8 65,112 18 229,951

McArthur-Forrest 2,394 530 14 4'43 1,592 0 13 4 2,018 16 7,023

(10. 2,812 459 14 3'26 1,380 0 9 9 1,968 9 7,386
do. 2,812 685 3 4'87 2,065 0 14 7 2,432 5 8,1141
do. 2,926 628 1 4'21 1,885 O 12 7 2,343 9 8,146
do. 3,0(X) 800 8 5'33 2,400 0 16 0 2,555 9 8,967
do. 3,840 583 11 3'04 1,752 0 8 4 2,291 15 8,071
Cyanide 3,600 682 1 3'78 2,046 0 11 4 2,165 6 7,506.

4,315 1,040 O 4'82 2,600 0 12 0 9,824 5 34,1211

23,180 4,558 12 3'93 13,387 0 11 6 11,102 7 36,913

09
27,495 5,598 12 403 15,987 0 11 20,926 12 71,031
16,484 10 60,738‘
4,589 5 16,637,
21,073 15 77,375
1,594 4. 5,590
3,698 12 12,946
13,600 12 47,601
9°31 16 9321 82,499 20.684
7,296 18
16 4-49 70169 50
22,701 0 19 11 21:80! 5 1 74,918
4,
22,638 23,460 5 2072 72,130 3. 3 8 51,549 0 175,619
3,031 16 9,321 55,137 51,441 19 1110 165,000 1 14 4 143,640 18 491,955

McArthur-Forrest 2,342 1,657 10 14-15 4,973 2 2 g 8,842 0 13,056

.5. 2,500 1,817 10 1456 5,452 2 3 4,062 0 13,756
do. 2,484 1,786 5 14-34 5,859 2 3 1 3,730 0 12,551
do. 2,596 1,773 15 13'66 5,321 2 0 11 3,798 15 12,814
<15. 2,208 1,867 0 16-91 5,601 2 1010 4,005 0 13,512
Cyanide 2,016 1,744 0 1730 5,252 2 14 4 3,994 0 13,557
do. 2,112 1,743 10 16-51 5,231 2_ 917 8,288 10 10,929
519
 TABULAR STATEMENT OF THE RAND'S GOLD
l MlLL.
I‘ f Co N D8 Tons Aver- Value
*ame o mpany. Year. Tonnage. tofo. 1111131-9 stamp
per -
Yleld' age
$5‘ '
‘glue’ 1'
tpoen. Process. 22;;
6 amps 1n".
a per
diem. oz dwt. awn- £ a. d. £ 9. (1. '

Nigel Tailings 1891

Syndicate. 1892

Total to
Dec., 1894

1895—
J anuary
February
March

Norman's 1888 414 15 1,452 O 0

Syndicate.

Northey (now 1888 5 711 0 2,489 0 0

United Langlaagte)

Oakley. 1888 705 0 2,468 0 O

Oosthuizen. 1881)‘ 1,790 0 6,265 0 O

1889 1,150 0 4,026 0 0

2,940 0 10,291 0 0

Oriel. 1892 18,507 10 3,228 10 3'48 11,366 0 0 0 12 3

1893 86 0 297 0 0

Dgzflél 18,507 9,914 10 11,669 0 0

_ 1892 22,191 20 7,107 12 6'40 25,305 0 0 1 2 0
°"°"- 1699 36,418 40 6,916 9 4-57 90,092 0 0 0 16 6
1894 54,850 40 14,748 5 541 54,264 0 0 0 19 10

TM“ t° 119 459 90174 0 5'31 109 661 0 0 0 19 6

Dec., 1894 ’ 1 ,

1895—
January 5,330 40 3000 4'41 1,571 19 5'89 5,657 0 0 1 1 2
February 4,663 40 2600 4'48 871 14 3'74 3,049 0 0 0 13 0
March 4,533 40 2750 4'12 994 18 4'38 3,579 0 0 O 15 9
April 4,256 40 28'50 3'73 617 4 2'90 2,220 0 0 0 10 5
May 5,547 40 3000 4'62 1,032 16 3'72 3,742 0 0 0 13 5
June 4,881 40 2900 4'20 1,295 15 5'30 4,662 0 0 0 19 1
July 5,770 40 3000 480 1,491 12 5'17 5,369 0 0 0 18 7

Ormemd- ’ 1888 10 1,028 0 3,597 0 0

1889 10 372 15 1,307 0 0

Total to
Dec., 1694 2,400 16 4,904 0 0
520
PRODUCTION for the Years 1887 to 1895 inclusive.
Coxcux-nu'rxs. ' Tuusus. I

’ Total Total
_ Per 1 Mac Per yield . value.
Y1eld. ‘ton. Value. per ton. Process. Tonnage. Yield. ton. Value. Per ton.
oz. dwt. 01. £ £ a. d. oz. dwt.. dwt. £ £ a. d. oz. dwt. £
‘1

5,402 15 18,909 5,402 15 18,909

5,656 8 18,903 5,656 8 18,903

11,059 3 37,812 11,059 SI 37,812

Cyanide 2,475 579 10 4'68 1,524 0 12 4 579 10 1,524

do. 2,300 400 5 3'48 1,000 012 1 400 5 1,(X)0
do. 2,500 490 0 3'92 1,285 0 10 3 490 0 1,285

I 414 15 1,452
l

711 0 2,489

705 0 2,468

1,790 0 6,265
1,150 0 4,026

2,940 0 10,291

32% 10 11,366
86 0 297

3,314 10 11,663

3,895 14 11,743 11,(I)3 6 37,048

9,677 15 29,441 17,995 18 59,533
29,124 19,460 14 1405 57,735 1 19 6 34,208 19 111,999 ‘

29,124 33,034 3 98,919 63,208 3 208,580

Cyanide 3,024 1,250 18 827 3,752 1 4 9 2,822 17 9,409

(10. 2,592 1,566 10 1204 4,698 1 16 1 2,438 4 7,747
do. 2,132 1,842 15 1728 5,52 2 11 10 2,837 13 9,106
do. 2,548 2,422 14 1901 7,267 2 16 9 3,039 18 9,487
410. 2,8(X) 2,536 11 1812 7,609 2 14 5 3,569 7 11,351
do. 2,964 2,329 9 1571 6,988 2 7 1 3,625 4 11,650
do. 3,120 2,238 10 1434 6,715 2 3 0 3,730 2 12,084

1,028 0 3,597
372 15 1,307

2,400 15 4,904

521
 TABULAR STATEMENT OF‘ THE RAND’S GOLD
MILL.

\ fc N 1) Tons Aver- Value

{ameo ompany. n. a 9 er ,. age_ ,
Year. Tonnage. of mifi- stamp Elem’ Per Value‘ £11. Process. Ton
stnmps ing per ton. nag‘:
diem. oz. dwt. dwt, £ .9. d. 11 5.11

15556 cum-5|. 1891 30 668 5 2,559 0 0

1892 21,633 30 6,681 9 6'17 24,322 0 O 1 2 5
1894 45,372 45 17,715 13 7'80 64,633 0 0 0 18 8
Total, 1894 67,005 25,065 7, 7'27 91,294 0 O 1
1895—- .
January 4,456 50 27'25 3'27 1,605 0 7'22 5,615 0 0 1 5 3
February 4,971 50 2650 3'75 1,705 17 6'86 6,(XX) 0 0 1 4 1
March 5,605 50 2950 380 1,732 8 6'48 6,062 O 0 1 1 7
April 5,551 50 2800 396 2,006 14 7-23 7,120 o 0 1 5 7
May 5,602 50 27'25 4'11 2,104 4 7'51 7,4(D00 1 6 5
June 5,450 50 26'50 4'11 2,129 14 ' 7'81 ' 7,750 0 0 1 8 5
July 5,477 50 2550 4'23 2,171 18 793 7,900 0 011 8 10

Paarl Central 1893

Tailings 1894
Syndicate.
Total,1894
Pa§§:,§’§f,",f,'f,f,',‘_°w 1888 6,596 2,725 0 8'26 9,538 0 0 1 s 11

Pearl's Hope. 1888 120 0 420 0 0

Percy (now 1888 3,736 0 13,076 0 0

Treasury). 1889 10 798 0 2,794 0 O
1890 10 905 16 3,167 0 0

155511894 I 5,499 16 19,057 0 0

Pollock's Patent. 1891

Porges- 1895—April 6,235 60 2992 954 2,925 9 958 10,969 0 0 1 15 1 McArthur- 60

Randfontein. May 6,595 60 30'55 3'05 3,247 9 9'84 12,178 0 0 1 16 11 Forrest 85
June 5,886 60 29'40 3'31 3,215 6 1092 12,057 0 0 2 O 11 do. 65
July 6,605 60 30'45 3'61 3,266 14 9'88 11,841 0 0 1 15 10 d0. 69

Primmselmw 1888 4,465 20 2,050 6 9-10 7106 o 0 1 11 1

New Prlmrose). ’

Princess Estate. 1890 15,631 30 8,727 14 11'18 30,597 0 0 1 12 8

1891 35,243 30 8,765 10 4'97 30,630 0 0 0 17 6
1892 37,178 30 8,375 3 4'10 30,567 0 0 0 16 5
1893 2,472 30 736 7 6'11 2,760 0 0 1 11 10
1894 30,553 90 14,116 2 9-24 51,986 0 0 1 14 6
Total, 1894 121,057 40,720 16 6'72 146,540 0 0 1 4 2
1895—
January 2,960 30 28'50 3'48 1,448 18 9'79 5,357 0 0 1 16 2
February 2,943 30 27'00 3'63 1,421 15 9'66 5,114 0 0 1 14 9
March 3,013 30 2900 3'46 1,434 0 9'51 5,151 0 0 1 14 1
April 2,992 30 28'50 3'50 1,437 7 9'60 5,267 0 0 1 15 2
May 2,948 30 28'50 3'44 1,407 13 9'55 5,015 0 0 1 14 0
June 2,792 30 2785 3'35 1,324 15 9'49 4,835 0 0 1 14 7
July 2,812 30 2890 3'24 1,351 4 9'61 4,998 0 0 1 15 6

Pullinser- 1888 1,346 0. 4,711 0 0

Queen (73:18,, 1894 4,490 10 1,303 7 5'88 4,608 0 o 1 o 9
522
PRODUCTION for the Years 1887 to 1895 inclusive.
Comm-runes. Tmuxos.

Total Total
Per Value Per yield. value.
Yield. ton. Value. per ton. Process. Tonnage. Yield. ton. Value. Per ton.
oz. dwt. oz. 2 £ a. d. oz. dwt. dwt. 5 £ a. d. oz. dwt. 5.‘.

66.1 9 3'2‘.
27,932 5,061 13 3'00 14.621 22,777 6 ‘791254

27,992 5,061 19 900 14,621I 90,127 0 105,915

Cyanide 3,545 407 8 2'29 1,220 0 6 10 2,012 8 6,835
do. 3,581 715 10 3'99 2,100 0 11 9 2,421 7 8,1(D
do. 3,389 617 11 3'64 1,854 0 19 10 2,349 19 7,916
do. 3,430 706 17 4'12 2,175 0 12 8 2,713 11 9,295
do. 3,662 839 3 4'58 2,400 0 13 2 2,943 7 9,800
do. 3,550 923 11 5'48 2,850 0 16 0 3,053 5 10,600
do. 3,540 954 19 5'39 3,(X)O 0 16 11 3,126 17 10,900

4,227 957 15 4'23 2,709 0 18 0 957 15 2,709

10,784 1,943 1 3'60 5,705 0 10 7 1,943 1 5,707)

15,011 2,900 16 3'86 8,414 0 11 2 2,900 16 8,414

2,725 0 9,538

120 0 420

3,736 0 13,076
798 0 2,794
905 16 3,167

I I I 5,499 16 19,097
I I 592 0 2,220 592 0 2,229
161 7 2'68 484 8 1 4 McArthur Forrest 3,850 429 10 2'23 1,288 0 6 9 3,516 0 12,741
212 18 2'50 639 7 10 4 do. 4,060 567 2 2'79 1,702 0 8 4 4,027 9 14,579
205 0 3'15 615 9 9 2 do. 4,270 518 19 2'43 1,558 O 7 3 3,939 5 14,230
134 16 2'20 404 6 12 6 do. 4,000 516 7 2'58 1,549 0 7 8 3,917 17 13,794

2,030 6 7,106‘

8,727 14 30,59
8,765 10 30,630
I
I 21,609 3,900 10 3'61 11,761 0 10 11 '92 2
18,016 12 63:74’?

I 21,609 3,900 10 3'61 11,761 0 10 11 44,621 6 158,301

Cyanide 2,834 509 0 3'59 1,527 0 10 8 1,957 18 6,884

do. 1,526 326 9 4'27 978 0 12 9 1,748 4 6,092
do. 1,744 376 10 4'32 1,129 0 12 11 1,810 10 6,280
do. 1,744 445 10 5'10 1,337 0 15 3 1,882 17 6,604
do. 2,725 613 13 4'50 1,800 0 13 1 2,021 6 6,815
do. 3,052 648 0 4'24 2,044 0 13 4 1,972 15 6,879
do. 3,379 754 6 4'46 2,260 0 13 4 2,105 10 7,258

1,346 0 4,711

2,975 332 16 2'22 905 1,636 3 5,513

 TABULAR STATEMENT OF THE RAND'S GOLD
MILL.

CO L D Tons AW"- ‘ Value

Name of mpan . "o. aysv per - “Be v r
y Year. Tonnage. of mill- lstamp Yleld' PF!‘ ‘alue' Process. 3:2;
stamps ings. per 1011- , o -'
‘ diem. oz. dwt. (‘wt 2 0. d.' f. a. d.

Rand Central Ore 1892 _

Reduction 1893 2,790
Works. 1894

Total w 1391,’ I | | | 1 ~,790

' l
1395- | 1
January Chlorination 1&3

February Chlorination 300

March Chlorination 189

April Chlorination 264

Slags 40
May Chlorination 35
I Slags 225
June i Chlorination 18)
I Slags 25
July ‘Chlorination 1&1

Randfontein (see 1892 16,875 40 6,586 1 7'80 23,825 0 0'1 8 4

Porses- _ 1893 54,052 40 23,310 16 353 30,101 0 0 1 11 4
Randfonteml 1394 31,194 60 34,806 9 357 125,333 0 o 1 10 10
T t lto ,
Dezflm 152,721 94,703 6 840 235,309 0 0 1 10 9
1395- |
January 7,072 60 2975 , 3'96 3,350 7 9'47 12,071 0 0 1 14 3 McArthur- 60
February 6,267 60 27'30 ‘ 3'80 3,079 4 9'82 11,084 0 0 1 15 4 Forrest 90
March 6,975 60 3045 3'81 4,146 91 1188 15,549 0 0 2 4 6 do. 85

Randfontein 1891 150 10 84 11 11'27 296 0 0 1 19 5

Syndlcate.
Rietfontein Eist.(see , i , - :
New mefiomeml 1392 4,350 20 | | 3,331 10,13 74 11,975 0 0,2 9 5 ,
Rietvlei. 1890 4,548 15 2,175 O 9'57 7,2693 1 13 4
1891 15 205 12
Total to 7
Dec” 1894 2,380 12 8,283 O 0
1

Robinson. 1888 6,674 10 26,285 18 91,960 0

1889 26,830 40 75,038 14 3229 3623633 8 13
1890 44478 40 71,822 16 ' 5 5 0
1891 60,210 60 93,955 4 31‘20 3271981 0 0 5 8 11
1892 101,061 00 93,793 15 1955 350,923 0 (1,3 9 5
1893 94,842 60 104,222 17 22'11 376,419 0 0,3 19 2
1894 107,930 70 110,962 2 20'56 399,463 0 0 3 14 2

Total to .- 7 .. _
Dec" 1894 442,020 581,036 1 26 29 2,060,729 0 0 4 13 2
1895—
January 9,597 70 2975 4'61 8,544 6 1780 30,760 0 O3 4 1 Chlorination
February 8,700 70 2700 4'60 8,148 3 1873 29,833 0 03 7 _ 4 do.
March 9,503 70 29'50 4'60 8,504 17 17'98 30,617 0 03 4 5 do.
April 9,215 70 2850 4'40 8,789 5 1907 31,641 0 03 8 3 do.
May 9,651 70 3000 4'60 8,829 2 1829 31,785 0 3 5 10 do.
June 8,992 70 2800 4'58 9,899 10 2201 35,762 0 3 19 6 do.
July 9,700 70 3000 4'61 9,374 14 20-30 35,072 0 0 3 13 0 do.
524
 PRODUCTION for the Years 1887 to 1895 inclusive.
CONCENTRATES- TAILINGS. 1

Total Total
Per Value Per yield. value.
Yield. ton. Value. per ton. Process. Tonnage. Yield. ton. Value. | Per ton.
oz. dwt. oz. £ £ a. (1. oz. dwt.; dwt. £ 1£ a. d. oz dwt. £

1,671 0 5,013 1,671 0 5,013

9,774 7 3'63 29,496 13 3 0 123,231 31,538 16 5'11 94,016 41,313 3 124,102
30,959 9 126,3;X) 236,934 46,325 5 1 3'90 143,678 77,323 14 270,078
40,733 16 155,796 360,165 79,535 1 4'32 243,297 10 13 3 120,307 17 399,193

931 0 5'03 3,724 20 7 0 McArthur-Forrest 6,732 1,358 0 4'03 4,074 0 12 1 3109 0 ,0 31¢,
Siemens & Halske 2,500 840 0 6'72 2,520 1 0 1 1 ’ " ’ 7
1,723 5'74 6,892 22 18 10 McArthur-Forrest 9,574 1,269 8 2'67 3,801 0 7 11 3 642 8 12 64‘,
Siemens & Halske 2,700 650 0 4'81 1,950 0 14 5 ’ ’ '
1,187 10 6'19 4,750 25 2 7 McArthur-Forrest 6,336 1,221 14 3'85 3,665 0 11 6 3392 4 11 36,
Siemens 80 Halske 2,400 983 0 8'19 2,949 1 4 6 j ’ ’
1,657 0 6'28 6,628 25 2 1 McArthur-Forrest 6,114 950 0 3'06 2,850 0 9 2 r 517 0 200,58
1,880 0 47'00 7,50) 188 0 0 Siemens &Halske 2,82) 1,030 0 7'34 3,090 1 2 0 0’ ’
1,765 0 5024 7,060 201 14 2 McArthur-Forrest 6,388 1,067 0 334 3,201 0 10 0 5 408 0 183%
816 0 3'62 3,264 14 11 0 Siemens & Halske 8,148 1,760 0 4'32 5,28) 0 12 11 1 ’
1,020 0 566 4,080 22 13 4 (10. 3,804 1,055 0 5'52 3,165 0 16 7 161 14 18 390
1,885 0 75'40 7,540 301 12 0 McArthur-Fon'est 5,907 1,201 14 4'07 3,605 0 12 2 6’ ’
656 0 3'64 2,624 14 11 6 Siemens & Halske 6,242 1,670 0 5'35 5,010 ,0 16 0 3 929 0 12 449
McArthur-Forrest 9,624 1,603 0 3'33 4,809 10 10 0 ’ ’ ')

6,586 1 23,825
41,950 6,623 14 3'15 19,941 29,934 10 106,042
411 2 1,232 54,300 6,915 3 2'51 20,844 42,132 14 147,459

411 2 1,232 96,250 13,538 17 2'71 40,785 0 8 5 78,653 5 277,326

125 10 2'08 375 6 5 0 McArthur-Fol'rest 4,410 580 11 2'63 1,743 0 7 10 4,056 8 14,189
225 3 2'50 675 7 10 0 1111. 4,055 630 4 3'10 1,890 0 9 3 3,934 11 13,619
174 18 2'05 524 6 3 3 do. 4,340 530 7 2'45 1,591 0 7 5 4,851 14 17,664

1 1 s4 11 296
1 1 1 1 3,331 16 11,976
2,175 0 7,563
1 235 12 720

1 1 2,38) 12| 8,283

26,285 13 91,960
75,038 14 262,603
71,822 16 251,380
93,955 4 327,981
8,397 5 34,174 37,593 13 100,906 144,789 13 486,003
10,559 12 43,177 17,921 4 56,280 132,703 13 475,876
14,217 0 58,0)0 69,025 20,212 14 5'84 65,247 0 18 10 145,391 16 522,710

33,173 17 135,351 69,025 75,727 11 222,433 689,987 9 2,418,513

1,201 0 4,879 Cyanide 5,325 2,27516 8'54 7,084 1 6 7 12,021 2 42,723

1,295 0 5,352 do. 5,625 1,587 9 5'64 4,937 0 17 6 11,030 12 39,622
1,225 0 5,053 (10. 5,475 2,206 5 806 6,929 1 5 3 11,936 2 42,599
1,203 0 4,962 do. 5,850 2,011 15 6'87 6,670 1 2 8 12,004 0 43,273
1,507 0 6,216 do. 5,850 2,220 5 7'50 7,593 1 5 11 12,556 7 45,594
1,310 0 5,387 do. 5,325 1,371 7 5'15 4,466 0 16 9 12,580 17 45,615
1,319 0 5,424 do. 6,075 1,579 15 5'03 5,237 0 17 3 12,773 9 46,333
525
 TABULAR- STATEMENT OF THE RAND'S GOLD
MILL

\ fC L D I Tons Ave!“ "alue

[time o om p any. Year. Tonnage. '0.
of n 's ‘lstamp
mil31- per ‘
Yield‘ 11KB
P9!‘ .
Value’ er
3m. Process. Ton
stnmps ing. Per ton- Huge‘
I (110111. 0L dwt. dwt, £ a. d. .8 s. (l.

Robinson(Cust0m$ 1891
Works). 1892
1893
1894

Total to
Dec., 1894

1895—
Jzmum-y Chlorination
February do.
March (10.
April do.
May (10.
June do.
July do. ,

Roodepoort 1890 7,909 4 27,685 0 0

"l_<imberley"(see 1891 2,648 17 9,131 0 0
glmgerley )
oo epoort. Tom]
189048’94 10,558 1 36,816 0 0 ‘

1895—
April
May
Royal (now 1888 10 4,320 10 14,807 0 0
Treasury) 1889 10 1,415 10 4,954 0 0
1891 5,342 10 3,768 2 14'10 13,251 0 0 2 9 7

Total to ,
Dec" 1894 5,342 9,504 2 33,012 0 0
Ruby (now New 1888 10 530 15 1,859 0 0
Heriot). 1889 36 10 128 0 0

Total to
Dec., 1894 567 5 1,987 0 0

St. Albans .
(‘we Ida). 1892 892 30 J 182 0 408 837 O 0 O 14 9

Salisbury. 1887 1,091 18 3,822 0 0

1888 11,322 5 39,489 0 O
1889 15 9,303 14 32,564 0 0
1890 7,126 20 8,508 3 23'88 29,779 0 0 4 3 7
1891 10,149 20 12,395 6 24'42 43,377 0 O 4 5 10
1892 16,638 20 15,355 5 18'55 56,341 0 O 3 7 9
1893 24,786 20 19,268 18 15'54 69,624 0 O 2 16 2
1894 25,146 20 14,614 19 11'62 52,846 0 0 2 2 0

Tm‘ t°
Dec.,1894
83845
'
91 1 840 s 16"‘2
‘
s27 i 840“ 0 0 3 0 4
1895— .
January 2,030 20 2800 3'62 1,105 6 10'88 3,924 0 0 1 18 7
February 1,928 20 2650 3'63 1,048 10 10'87 3,722 0 O 1 18 7
March 2,822 25 2913 372 1,181 19 8'37 4,196 O 0 1 9 8
April 3,500 35 2750 3'63 1,622 7 9'26 5,760 O 0 1 12 10
May 3,350 35 2275 3'98 1,724 17 1029 6,120 0 O 1 16 6
June 4,104 . 40 2790 3'69 2,085 15 10'16 7,405 0 0 1 16 1
July 4,031 40 2690 4'60 1,843 6 9'14 6,635 0 0 1 12 11
§
 PRODUCTION for the Years 1887 to 1895 inclusive.
CONCENTBATES. Tuusos.

Total Total
Per Value Per yield. value.
Yield. ton.‘ Value. per ton. Process. Tonnage. Yield. ton. 'Value. ,
oz. dwt. oz. $ £ a. 0!. oz. dwt. dwt. £ oz. dwt. 5;,

101 0 416 101 0 416

25,380 0 102,319 25,380 0 102,319
28,335 15 113,795 28,335 15 118,795
1,892 7 7,567 1,892 7 7,567‘

55,709 2 224,097 55,709 2 224,097

2,340 16 9,510 2,340 16 9,510

1,427 5 5,899 1,427 5 5,899
2,206 5 9,101 2,206 5 9,101
2,092 18 8,633 2,092 18 8,633
1,487 7 6,135 1,487 7 6,135
2,020 7 8,309 2,020 7 8,309
2,050 16 8,434 2,050 16 8,434

7,909 4 27,685
2,648 17 9,131

10,558 1 36,816

Cyanide 4,035 590 1 292 1,770 590 1 1,770

do. 2,700 465 0 3'43 1,300 465 0 1,300

4,320 10 14,807
1,415 10 4,954
3,768 2 13,251

9,504 2 33,012

530 15 1,859
36 10 128

, 567 5 1,987

182 0 873

1,091 18 3,822
11,322 5 39,489
9,303 14 32,564
8,508 3 29,779
12,395 6 43,377
5,470 0 17,528 20,825 5 73,869
15,857 5,587 6 7'32 14,280 24,856 4 83,004
16,250 6,107 18 7'51 15,599 20,722 17 68,445

32,107 17,185 4 7'77 47,407 109,025 12 375,249

Cyanide 1,235 387.19 6'28 970 O 15 8 1,493 5 4,894

do. 1,235 445 10 7'21 1,114 0 18 0 1,494 0 4,836
do. 1,430 449 2 6'27 1,347 0 18 10 1,631 1 5,543
do. 1,625 505 19 6'22 1,265 O 15 6 2,128 6 7,025
do. 1,625 401 5 4'93 1,003 0 12 4 2,126 2 7,123
do. 1,560 527 17 6'76 1,318 0 16 10 2,613 12 8,723
do. 1,690 434 8 5'14 1,085 O 12 10 2,277 14 7,720
527
 TABULAR STATEMENT OF THE RAND’S GOLD
MILL.

L f C N D Tons AW"- Value

'ameo om pan y . Year. Tonnage. ofo. ays stamp
mill- per -
Yum’ age
P91‘ Value‘ er
tgn. Process. To:
stamps ing. per ton- nal’“
diem. oz. dwt dwh £ a. d 2 a. d.

Salisbur
Emnsfion (now 1990 10 9,101 0 10,854 0 0
Wemmer). I

Simmer and Jack. 1887 10 1,144 10 4,006 0 0

1888 3,872 10 4,158 0 21'5 14,554 0 0 3 1 6
1889 4,370 10 6,886 0 315 24,106 0 0 5 1 3
1890 38,805 100 21,262 6 1096 74,418 0 0 1 18 4
1891 85,135 100 38,409 4 9'02 134,502 0 0 1 11 7
1892 96,954 100 38,146 4 7'87 137,“)2 0 0 1 8 3
1893 103,798 100 38,904 12 7'49 141,213 0 0 1 7 2
1894 112,489 100 45,475 3 808 163,900 0 0 1 9 3

Tmlt" 445429 194995 19 8-97 999 701 0 0 1 10 11

Dec., 1894 ’ 1 1

1895—
January 10,963 100 2800 3'91 4,(B2 18 7'45 14,697 0 O 1 6 9
February 10,620 100 27'50 3'86 4,508 1 8'48 16,229 0 0 1 10 7
March 10,614 100 2800 3'78 4,803 10 9'04 17,293 0 0 1 12 7
April 10,884 100 28'50 3'82 5,401 19 9'93 19,458 0 0 1 15 9 Chlorination 207
May 10,940 100 27'70 3'95 5,413 2 9'89 19,487 0 0 1 15 7 do. 173
June 11,115 100 28'. 3'90 5,416 9 9'74 19,5(0 0 0 1 15 1 do.
July 11,850 100 2900 4'09 5,429 11 9'16 18,345 0 0 1 10 11 do. 92

Simmer and Jack 1894

(Customs Works).

1895——
January Chlorination 145
February do. 135
March do. 130

Spes Bona (see 1888 475 0 1,663 0 0

New Spes Bona). 1890 4,325 35 1,861 0 6,513 0 0
1891 4,790 35 4,742 15 6'41 16,800 0 0.1 2 8

Dec“
Total1891
to 9,115 7,078 15 1458
_ 24,976 0 0I2 11 1

Stanhope. 1887 10 1,144 10 4,006 O 0

1888 3,820 10 4,158 0 14,554 0 0
1889 4,370 6,856 2 24,105 0 0
1890 20 6,383 6 22,342 0 O
1891 17,600 20 10,908 19 1239 38,178 0 0 2 3 4
1892 20,015 20 14,125 3 14'12 50,565 0 0 2 10 6
1893 22,858 20 10,790 8 9'46 38,320 0 0 1 13 7
1894 21,810 20 10,215 4 9'37 37,938 0 0 1 14 9

Total to _
Dec" 1894 64,581 12 1133 230,(X)8_ 0 0 2 0 7

. 1895—
January 1,690 20 2600 3'22 737 10 8'72 2,653 0 0 1 11 8
February 1,380 20 2300 3'00 630 13 9'14 2,364 0 0 1 14 3
March 1,775 20 2800 3'17 765 10 8'62 2,870 0 0 1 12 4
April 1,775 20 2600 3'41 665 9 7'49 2,393 0 0 1 6 11
May 1,875 20 2800 3'35 776 14 784 2,795 0 0 1 9 9
June 1,855 20 2650 3'50 777 5 8'38 2,914 0 0 1 11 5
July 1,960 20 2800 3'50 663 3 6'76 2,486 0 0 1 3 2
E j‘

528
 NOLLOnGOHd J01 9111 5499A L881 01 9681 'QMSHPU!
‘ ‘931V81R80200 'SDNX'IIVJJ

19191 19191.
19,1 A 811111 “(I .4 may ' 'anluA
'PIQEL -um ‘BHl‘A .1511 ‘I10’; 'SSO'JOJd 'QS'IIUIIOJI ‘PIQL ‘Um 'BTII'BA Jed ‘U01

'20 15p '20 3 3 '2 ‘p ‘:0 'qmp"q.ap 3 '3 '0 ‘p '20 'Qup 3

' 101‘6 0 ‘PQQ‘OI

111‘1 01 9007
891‘? 0 199‘11
9889 0 901‘15.
592-‘15 9 SIVf'L
‘ 11 :09‘191
809 v 9061 3% 8 906891
L9L 0 02.15 11966 51 986,991
965‘1 91 1.819 00066 59611 6 159 698:7? 0 6 9 75419 1 9762816

965‘1 91 1819 00096 155‘91 91 59961 016115 2. 0617‘872.

991111150 00591 9695 0 06-9 QSL‘L 0 6 2. 1199 81 68736

669 91 96-5 8695 11 11 9

9
:99
99
009191 0095 0 99-9
92-2 1 112 99 1'
0081 0 01 0 1099 51 99965
669 1 911-9 9695 91 11 0 99 00991 918:6 0 69-6 869:8 11,0 0 88828 9 119,09
109 6 9017‘5 "91> 00891 0095 0 91-9 (DBL 0 11 9 1199 81 90565
519 91 99-9 001‘5 95 1 8 '99 00119 51011 11 95-9 661:8 0 6 6 98012. 1 118:95
5681 L 1991 5681 z. 199‘).

91869 91.6 9691 11 o 1 91869 9691

9856589 89110991 6589 0991
69? 11 99-9 888:1 11 5 6 697 11 88:1
911 0 " 999‘1
198‘1 o 9199
511‘9 91 00891

810:. 91 92.615

1 WI -01 9001'
891:1’ 0 799,111
9989 5 901115
9899 9 519,55
80601 61 82.1286
111 9 '
0918 92.88 91 688 11911 1 9 8 329,11 1 £338;
955‘11 1109 11 61-8 L88:6I 1 1 5 195291 1 959219
996‘55 9166 91 998 95019 1 z. o 161‘12. 9 990195‘

mum-1111111119111 2.801 711' 51 99-1 9151 1 5 8 5911 5 9688

'99 11101 969 1 89-2, 286,1 1 v 8 119501 1999
'99 L901 609 11 69-9 1001 0 81 9 7101 11 728,8
'99 9001 669 81 99-9 066, 0 61 1 966, 2. 989,9
‘mm-<0 611‘1 798 11 19-9 9901 610 1 1911 8 098,8
'99 9601 619 91 96-9 19511 1 5 9 191,1 0 871,7
mnog—mqvvow 099‘1 0011 8 - 68-9 008‘1 61-0 1 99011 11 981:9
'1_"10.\ 6w
 TABULAR STATEMENT OF THE RAND’S "GOLD
MILL.

N fC A De Tons Aver- Value

ameo omp any . Year. '0.
Tonnage. stamps
of ya sgaemp
mill-
ing. per1' -
Yield‘ ‘18°
1011-
P8!‘ 1
‘ulue' )er
flan. Process. ‘ °'“'

I diem. oz. dwt. awe, £ 9.11. £ 9.11.

Stanzmpe
e denhuis ( now
Gewenhuis 1889 16 24 0 84 o 0
Estate).

Star (now Lan? 1888 126 o 441 0 0‘

haste Star- 1890 2,590 10 797 8 6'16 2,791 00 1 1 7
1891 30 921 6 3,223 0 0
1892 ‘38,842 30 8,82 0 4'85 29,261 0 010 17 3
1893 18,357 4 30 4,234 8 4'62 15,498 0 0,0 17 O

D'ggfflgg, 59,789 14,900 2 4'56 51,214 0 o 0 15 7

Steyn Estate (now 1888 250 i 10 354 0 2832 1,239 0 0 4 19 1
NewEsltetyr; 1889 4,266 10 3,256 1 1526 11,396 0 0 2 13 5
sae. F1
D'lé‘c’talgg, 4,516 9,610 1 15-99 12,635 0 0 9 16 9
., .

Taylor and Gordon 1894

Syndicate.

Teutonia (now 1888 284 20 494 19 1,833 0 0

French Rand). 1889 175 16 615 0 0
1892 9,246 20 4,124 7 8'92 15,068 0 0 1 12 6
1893 2,330 20 615 2 5'27 2,320 0 0 1 0 2

Tm] 1° 11860 5410 4 818 19896 091 10 0

Dec., 1894 ’ 1 1 I

Tharsis (now ' 1889 640 5 1,502 0 4593 5,257 0 0 8 4 3

Consolidated _ 7 ‘:"1890 9,953 2) 4,413 13 8'60 6,514 0 0 1 10 1
Anew-Therm» I 1891 980 20 216 12 4-42 758 0 0'0 15 6
D'gzmllgg, 11,579 6,132 5,10-59 12,529 0 0I1 10 11
'1

Transvaal
Chemical Coy. 1894
Customs Works.

1895—- .
, r 1.‘ January Chlorination
1 ' ‘ March d0
April do. 260
May do. 221)
June do. 218
July do. 210

Treasury- 1891 5,992 10 412 0 1376 1,442 O 0 2 8 1

1892 10,218 15 6,759 13 1323 24,298 0 0 2 7 4
I
1893 12,429 15 7,597 2 12'10 27,369 0 0 2 4 0
a 1894 13,519 15 5,177 1 7'65 18,544 0 0 1 7 5

13123278118734 42,158 I 19,935 16 9'48 71,653 0 0 1 13 11

""gfiéggf New 1892 19,162 60 I 4,645 0 4-84 16,918 0 0 o 17 7
530
PRODUCTION for the Years 1887 to 1895 inclusive.
Concsu'rnnnzs. Tuums.

Total Total
Per Value Per yield. value.
Yield. 2011. Value. per 9011. Process. Tonnage. Yield. ton. Value. Per ton.
oz. dwt. oz. 2 £ a. 11. oz. dwt. dwt. £ £ .9. 11. oz. dwt. £

1 24 0 31
1 .
126 0 441
797 8 2,791
921 6 3,223
8,821 0 29,261
4,234 8 15,498

14,900 2 51,214

354 0 1,239
3,256 1 11,396

3,610 1 12,635

1,050 137 19 299 137 19 299

494 19 1,833
175 16 615
4,124 7 15,068
, 615 2 2,320

5,410 4 19,836

1,502 0 5,257
4,413 13 6,514
216 12 758

6,132 5 12,529

1,725 6 6,560 1,725 6 6,560

805 14 3,12) 305 14 3.12)

1,169 0 4,486 1,169 0 4,486
1,076 7 4'14 4,196 16 2 9 1,076 7 4,196
890 O 4'04 3,400 15 O 1 890 0 8,4“)
629 5 2'88 2,405 11 0 7 629 5 2,405
637 O 3'27, 2,700 12 17 1 687 0 2,700

412 0 1,442
6,759 13 24,298
13,360 4,284 16 5'28 13,540 0 17 6 11,871 18 40,909
13,153 2,835 7 4'31 7,462 011 4 8,012 8 26,006

26,513 7,120 3 4'79 21,(D2 0 14 5 27,055 19 92,655

4,645 0 16,918
 _TABULAR STATEMENT OF THE RAND’S GOLD
MILL.

Tons Ave!" Value

Name of Com pan y. Year. Tonnage. No.
of Da
mils1-5 stamp
per -
Yield‘ age
,Pel‘ value‘ per
Don. , Process. To:
stamps ing. per , mn- na" ‘
diem. oz. dwt.1 dwth £ a. (1. £ a. J.

United Main Reef 1888 20 2,002 0 7,322 0 O

(Rqodepoort 1889 1,500 20 1,076 0 7,366 0 0
United Maw 1890 25,914 20 11,052 12 8'72 38,684 0 0 1 10 7
Reef» 1591 26,580 20 7,597 11 5-71 26,594 0 0 1 0 o .
1892 40,898 55 14,242 9 6'96 51,452 0 0 1 5 2
1898 25,917 30 9,928 15 7'66 55,935 0 011 7 10
1894 46,142 50 21,193 10 9'14 76,563 0 011 13 0

Total to .-_ 1
Dec‘, 1894 166,381 67,092 17 476. 243,916 0 011 6 7

1995- 1 1
January 5,951 50 2800 4'25 2,805 61 9'42 10,378 0 0 1 14 10
February 5,850 50 2600 4'50 3,087 61055 11,113 0 0 1 18 0
March 6,056 50 28'50 4'25 3,121 0110'30 11,176 0 O 1 16 10
April 6,120 50 2800 4'36 3,343 0'10'92 12,034 0 0 1 19 3
May 6,270 50 2850 4'40 3,481 0 11'10 12,531 0 0 1 19 11
June 6,300 50 2800 4'50 3,573 13 1134 12,863 0 012 0 10
July 6,380 50 2900 4'40 3,539 15 1109 12,740 0 011 19 11

Van Ryn Estate. 1892 22,485 50 8,907 4 7'94 31,766 0 011 8 2

1
. 1893 40,211 50 13,440 0 6'68 49,593 0 011 4 7
1894 42,087 50 17,303 7 8'22 63,877 0 0 1 10 4

Total to , .
Dec‘, 1894 104,783 V 39,650 11 757 145,236 0 0 1 7 8

1895—
January 4,178 50 27'66 302 2,162 2 10'35 ‘ 7,946 O 0 1 18 0
February 4,234 50 2675 3'16 1,991 19 9'39 7,320 O O 1 14 6
March 4,225 50 2555 3'31 2,093 13 9'91 7,694 0 O 1 16 5
April 4,238 50 2680 3'16 2,034 10 9'60 7,474 0 0 1 15 3
May 4,679 50 29'00 3'22 1,885 0 8'05 6,927 0 0 1 9 7
June 4,168 50 2635 3'16 1,967 18 9'44 7,183 0 0 1 14 8 Chlorination '35
July 4,490 50 2735 3'30 2,003 15 8'92 7,260 0 0 1 12 4

Vesta. 1893 750 1 40 170 15 4'89 612 0 010 17 10

1
Village Main Reef. 1992 10,049 1 2o 1 6,973 15 ' 25,150 0 0
1893 11,500 1 40 6,143 17 1064 22,146 0 0 1 18 4
1894 40,818 1 40 1 26,077 7 12'77 95,466 0 0 2 6 9

Total to _ 1 1 , .
Dec" 1894 62,367 1 , 1 39,194 19 1256 142,762 0 0 2 5 9

1895— _. . . . 1. . . . _
January 810 40 6'70 2'63 742 16 18'34 2,685 0 0 3 6 3
February Cyanide 133

Violet‘ ' 1890 2,358 20 1 564 8 4'79 1,976 0 010 16 9

1991 1 20 1,323 1 4,012 0 01
1894 1,800 2 20 577 19 6'41 2,122 0 011 3 6

T t 150 ' 1 ‘ '

B82589, 4,159 2,465 8 8,140 o 0
‘PRODUCTION for the Years 1887 'to'1895 inclusive.
CONCENTRATER. TAILINOS.

Total Total
Per Value Per yield. value.
Yield. ton. Value. per ton. Process. Tonnage. Yield. ton. Value. Per ton.
oz. dwt. oz. £ £ -8. d oz. dwt. dwt. 5:‘. £ a. d. oz. dwt. £

2,002 0 7,322
1,076 0 7,366
11,052 12 38,684
7,597 11 26,594
14,242 9 51,452
9,928 15 35,935
75,486 [13,894 17 3'68 41,139 0 10 10 35,088 7 117,702
I
|
75.486 13,894 17 3'68 41,139 0 10 10 81987 14 285,055

Cyanide 6,425 1,449 0 4'51 4,34 0 13 6 4,254 6 14,725

do. 5,150 1,290 0 5'01 3,870 0 15 0 4,377 6 14,983
do. 4,000 1,054 O 5'27 3,162 0 15 9 4,175 0 14,338
do. 4,713 1,129 0 4'79 3,387 0 14 4 4,472 0 15,421
do. 4,145 1,118 0 5'39 3,354 0 16 2 4,599 0 15,885
do. 4,145 1,190 0 574 3,570 0 17 2 4,763 13 16,433
do. 4,112 1,227 0 5'96 3,681 0 17 7 4,766 15 16,421

8,907 4 31,766
13,440 0 49,593
25,771 3,846 19 2'98 11,121 0 8 8 21,150 6 74,998

25,771 3,846 19 2'98 11,121 0 8 8 43,497 10 156,357

Cyanide 6,353 772 6 2'43 2,2(X) 0 6 11 2,934 8‘ 10,146?

do. 5,385 883 19 3'28 2,550 0 9 3 2,875 18 9,870‘
do. 5,750 961 8 3'34 2,790 0 9 8 3,055 1 10,484
do. 6,(X)0 1,038 10 3'46 3,012 0 10 0 3,073 0 10,486
do. 5,365 1,108 10 4'13 3,025 0 11 5 2,993 10 9,952:
160 0 47305 590 1,765 0 0 do. 5,085 884 13 3'47 2,635 0 10 4 3,012 13 10,408
do. 5,035 842 10 3'35 2,530 0 10 0 2,846 5 9,7907

170 15 612‘

6,973 15 25,150 '

1,996 8 6,283 8,140 5 28,429
27,213 4,812 11 3'31 14,398 0 10 7 30,889 18 109,864

27,213 6,808 19 K1681 46,m3 18 163,443

McArtlmr-Forrest 1,884 154 7 1'63 445 0 4 '8 897 3 3,130

23 19 1950 89 63 0 0 Cyanide 832 451 2 10'84 1,305 1 11 4 475 1 1,394

3
564 8 1,976
1,323 1 4,042
577 19 2,122

2,465 8 8,140
 TABULAR STATEMENT OF THE RAND'S GOLD
I MILL.
N f 00 N D Tons Aver- Value
'ameo m pa n y . Year. Tonnage. of0. nys stamp
mill- per .
Yleld' age
P91‘ value‘ r
8;. Process. Ton
' stamps ing. per ton- nage'
l diem. oz. dwt. dwth £ a d. 5: c. (1.

v0 elstfuisfontein 1888 '7 420 0 1,470 0 o

( lluvlal). 1889 1,016 10 3,560 0 0
1890 1,960 18 6,873 0 0
1891 1 346 3 1,212 O 0
1892 1,854 1 6,571 O 0
1893 1,974 14 7,116 0 0
1894 965 8 8,478 O 0
Total to _ 1
Dec.,1894 8,537 14 30,280 0 0
1895— ' i
January
February 525 5 2100 5'00 165 0 6'28 593 O O 1 2 7
March 353 5 2000 3'50 117 3 6'65 420 0 0 1 3 9
April 503 5 2400 4'19 91 3 3'62 327 0 0 0 12 0
May 485 5 26(1) 1'73 81 17 8'37 287 0 0 0 11 10
June 440 5 2300 8'82 96 0 4'36 345 O 0 O 15 8
July 146 5 80) 3'65 36 0, 493 ‘ 129 O O O 17 9
Vogelstruisfontein 1891 1,000 5 390 7 7'80 1,366 0 0 1 6 3
(Main Reef) 1892 5 74 10 259 O 0

Total to ‘
Vogelstruisfontein Dec" 1894
1894 1,011)
811 5 464
229 175! 6'28 1,625
811 O O
0 1 0 0

Syndicate. | ‘
Vulcan. 1892 653 460 15 1,660 0 0
1893 3,258 15 764 5 8'80 2,707 0 0 0 16 8
1894 2,025 15 291 8 2'87 1,053 0 0 0 10 4

Total to _
Dec“ 1894 5,931 1,516 8 5 11 5,420 0 O 0 18 5

Wellevreden 1888 185 0 648 0 0 j

(Alluvial). 1889 749 10 902 0 0 y

Total to
Dec” 1894 934 10 1,550 0 0

Wemmer. 1887 2,051 10 3,251 1 51'00 18,1 .1 0 0 8 13 7

1888 5,417 10 6,266 7 23'30 21,957 0 0 4 11 1
1889 11,644 30 8,394 0 1480 29,879 0 O 2 10 5
1890 8,874 20 7,017 10 1583 24,561 0 0 2 15 4
1891 13,599 30 13,958 17 20'52 50,432 0 0 3 14 2
1892 21,958 30 16,522 9 1504 59,544 0 0 1 16 0
1898 27,654 50 22,706 16 16'41 82,360 0 0 2 19 7
1894 55,427 40 34,023 14 1227 128,249 0 0 2 4 5
Total to
Dec.’ 1894 146,624 112,140 14 1530 409,791 0 0 2 15 10
1895—
January 5,0(X) 40 29'00 4'31 3,483 2 1393 12,626 0 0 2 10 6
February 4,912 40 2711) 455 3,471 5 14'18 12,60) 0 0 2 11 8
March 5,304 40 31'00 4'28 4,267 5 1609 16,830 0 0 3 3 5
April 4,816 40 2800 4'30 3,687 7 15'31 13,4(I) 0 0 2 15 7
May 6,417 50 2900 4'45 4,532 2 14‘12 16,540 0 0 2 11 6
June 6,500 50 28'90 4'50 4,707 12 14'48 17,180 0 O 2 12 10
July 6,8(X) 50 2900 4'65 4,898 9 1440 17,920 0 0 2 12 8
534
PRODUCTION for the Years 1887 to'1895 inclusive.
Coxcnsnm'rns. Tuuxos.

Total Total
Per Value Per yield. value. >
Yield. ton._ Value. perton. Process. Tonnage. Yield. ton. Value. Perbon.
oz. dw't. 0L £ 5 s. 41. oz. dwt. dwt. 5
i
‘£7 6. 11. oz. dwt., £

420 0 1
1,016 10 3,560
1,960 13 6,373 -
346 3 1,212
1,354 1 6,571
1,974 14 7,116
965 3 3,473
8,637 14 30,28)

165 o 593.
117 3 420
91 3 327
31 17 237
96 0 345
36 o 129
\ 390 7 1,366
= 74 10 259
“a i I

464 17! 1,625

' 229 5' 311

5 460 15 1,660
350 50 0 2-16 150 0 3 7 314 5 2,357
700 113 5 3-37 355 0 10 1 409 13 1,403
1,050 163 5 3-21 505 0 9 7 1,634 13 5,925

185 0 648
749 10 902

934 10 1,550
3,251 1 13,309
6,266 7 21,957
3,394 0 29,379
7,017 10 24,561
13,953 17 50,432
16,522 9 59,544
11,205 5,526 7 9-36 16,131 23,233 3 93,541
42,771 9,151 3 4-23 27,211 43,174 17 150,460
53,976 14,677 10 5'43 43,392 0 16 0 126,818 4 458,183

McArthur-Forrest 4,375 1,296 13 592 4,020 0 13 4 4,730 0 16,646

do. 3,635 1,172 0 645 3,713 1 0 5 4,643 5 16,313
do. 4,125 1,447 13 7-02 4342 1 1 0 5,715 3 21,172
do. 4,250 976 6 453 3,050 0 14 4 4,663 13 16,450
do. 4,650 1,502 5 699 4,630 1 0 1 6,034 7 21,420
(10. 4,375 1,452 13 664 4,750 1 1 3 6,160 10 21,930
do. 4,750 4 6-45 1 1 10 6,431 13 23,120
535
3‘ESEM'ZRARY
LI

UNIVERSITY
op
CALIFOHIQQ‘
 TABULAR STATEMENT OF THE RAND'S GOLD
MILL.
N fC N D Tons A“??- Value I
ameo ompany. Your. Tonnage. ofo. mifi-
a 5 stamp
per Yleld'
' 58“
P91‘ Value‘ gen.
r Process. 1 To:
stamps ing. per ton. , "an"
Windsor. 1894 3,523 30 diem. oz. dwt.
688 11 dwt.
3'90 2,397
£ I.0 d.
0 0£ 13
a. d.7 '

Witwatefsrand 1887 l ' ‘ 1,555 0 5,443 0 0 !

(Knlght’s). 1888 4,976 0 17,417 0 O 1
1889 4,450 0 15,557 0 0
1890 2,0)9 2 7,032 0 0
1891 18,997 50 4,275 11 4'50 14,958 0 0
1892 4,323 20 1,820 9 6,899 0 0
1893 26,075 30 10,314 17 7'93 39,648 0 0 j
Total to —
Dec" 1894 29,400 19 106,954 0 0

Wolhuter. 1887 507 10 | 1,076 0 0

1888 2.158 0 7,530 0 0
1889 1,547 0 1 5,418 0 0
1890 2,351 20 684 6 582 2,395 0 0 1 0 5
1892 24,850 35 11,093 2 39,279 0 0
1893 24,247 20 17,121 15 14'14 62,065 0 0
1894 41,683 40 21,039 9 10'00 77,521 0 0'1 17 0

Total1894
Dec" to 93,131 53,951 2 195,284 0 O

1895— 1
January 3,655 40 2917 3'13 1,830 0 1000 6,935 0 0 1 17 1
February 3,291 40 26'90 3'06 1,687 19 1025 6,120 0 O 1 17 2
March 3,469 l 40 29'90 2'90 1,640 10 9'45 5,945 0 O 1 14 3
April 3,352 40 27'90 3'01 1,516 15 9'05 5,685 0 0 1 13 10
May 3,840 i 40 29'25 328 1,703 15 8'87 6,250 0 0 1 12 6
June 3,679 ' 40 128-16 327 1,705 19‘ 9'27 6,184 0 0 1 13 7
July 3,609 29'25 308 1,704 5 9'44 6,178 0 0 1 14 3

Wolsingham (now 1888 10 4,193 16 14,680 0 0

Meyer and 1889 5,042 20 2,986 15 10,453 0 0
Charlton). I
T tal to
Del, 1889 5,042 7,100 11 25,133 0 0
Worcester. 1888 3,300 10 5,555 19 19,447 0 0
1889 6,584 19 8,041 10 28,145 0 0
1890 13,356 20 11,472 2 17'18 40,202 0 0 3 0 2
1891 15,020 20 11,735 9 1562 40,575 0 0 2 14 9
1892 26,074 20 16,696 4 1314 60,312 0 0 2 6 3
1893 24,241 20 17,121 15 14'74 62,065 0 0 2 11 2
1894 23,665 20 27,067 10 2286 98,122 0 0 4 2 11

Total to _
Dec" 1894 112,240 97,690 9 1633 348,868 0 0 2 18 10
1895—
January 2,185 20 2950 3'70 2,196 1 2010 7,960 0 0 3 12 10
February 1,939 20 2675 3'62 1,768 5 1823 6,366 0 0 3 5 8
March 2,049 20 2975 344 1,714 0 16'73 6,213 0 0 3 0 7
April 2,075 20 28'75 360 1,663 4 1602 6,029 0 0 2 18 1
May 2,118 20 29'50 3'68 1,735 11 1638 6,291 0 0 2 19 4
June 2,010 20 2865 3'51 1,757 18 1749 6,153 0 0 3 1 2
July 2,112 20 29'50 3'57 1,748 9 16'55 6,120 0 0 2 18 0

Workin Man's r
syndéatel 1888 386 0 1,351 0 0
PRODUCTION for the Years 1887 to 1895 inclusive.
Coscnx mxn-zs. Tuusus.

Total Total
Per Value Per yield. "alue.
Yield. ton. Value. per ton. Process. Tonnage. Yield. ton. Value. Per ton.
oz. dwt.‘| oz. £ £ |.d oz.dwt. dwt. £ $1 I. d. oz. dwt. £

688 11 2,39?
¢
1,555 0 5,443
4,976 0 17,417
4,450 0 15,557
2,009 2 7,032
4,275 11 14,958
1,820 9 6,899
11,205 5,526 7 9'86 16,181 1 7 10 15,841 4 55,329
x
11,205 5,526 7 986 16,181 1 7 10 34,927 6} 123,135

307 10 1,076
2,158 0 7,530
1,547 0 5,418
684 6 2,395
11,093 2 39,279
17,121 15 62,065
1 42.397 9,558 2 4'30 28,625 0 13 5 30,597 11 106,146
I
1 42,397 9,558 2 4'30 28,625 0 13 5 63,509 4 223,909

‘ l
Cyanide 3,0051, 895 6 5'95 2,680 0 17 11 2,725 6 9,615
do. 2.400; 787 0 655 2,361 0 19 8 2,474 19 8,481
do. 2,400 788 17 6'57 2,365 0 19 8 2,429 7 8,310
do. 2,415 601 7 498 1,8(X) 0 14 10 2,118 2 7,485
do. 2530 697 4 5'51 2,1(I) O 16 7 2,400 19 8,350
do. 2,475‘ 708 1 5'72 2,230 0 17 2 2,414 0 8,414
do. 2,520 715 14 5'66 2,147 0 17 0 2,419 19 8,325

4,193 16 14,680
2,986 15 10,453

7,180 11 25,133

5,555 19 19,447
8,041 10 28,145
11,472 2 40,202
11,735 9 40,575
16,696 4 60,312
17,121 15 62,065
27,067 10 98,122

97,690 9 348,868

‘ 2,196 1 7,960
1,768 5 6,366
1,714 3 6,213
1,663 4 6,029
1,735 11 6,291
1,757 18 6,153
1,748 9 6,120

386 0 1,351

537
 TABULAR STATEMENT OF'THE RAND'S GOLD
MILL.

Tons Aver Value

Name of Company. No. Days p61‘
age per
Yield. Value. Ton
Year. Tonnage. of mill stamp ton. Process.
nage.
stomps ing. per 5011.
i dlem. oz. dwt. d wt, f. I. (l.

Zuur'bult.
1888 l | l l 500 { 28300
Banks and other 1889 I
sou rces. 1890
189 l
1892
1893
1894

Total to
Dec., 1894
1895—
January
February
March
April
May
June
July

RECAPITU
TOTALS 70 THE

M I 1.1.. I Coxcau'rnA'rns.

Tonnage. Yield. Value. I 1 Yield. Value.

oz. dwt. £ a. (1. _oz. dwt. £ a. (1.

9,265,469 5,221,003 11 18,476,620 17 0 112,611 17 653,384 0 0
Average per ton. Average per ton.
dwt. ,
11.20 £1 19 10;

N.B.—The tonnage of Concentrates is only given in six

538
PRODUCTION for the Years I887 to 1896 inclusive.
Coxcnsrnnns. Tnmmcs.

Total Total
Per Value Per yield. value.
Yield. ton. Value. per ton. Process. Tonnage. Yield. ton. Value. Per ton.
oz. dwt. oz 5.‘. S s. d. 02. dwt. dwt. £ £ a. (1. oz. dwt. £

1 I l | I 50 0 283
392 0 1,372
2,600 8 9,101
21,175 11 84,613
35,111 14 123,88
52,884 9 185,035
45,821 1 160,311

160,985 3 564,314

2,156 0 7,546
‘ 2,609 18 9,132
2,622 18 9,180
3,534 12 12,365
2,936 . 0 10,276
8.265 8 11,478
2,392 18 8,373

LATION.
mm 01:‘ 1894.

Tunmns. Glauznu. TOTAL.

Tonnage. ) Yield. Value. Yield. Value.

oz. dwt. £ oz. dwt. 5 l- 11
3,937,962 1,047,474 19 3,210,654 6,441,090 7 22.340.65.38 17 0
Avera e per ton. l Average per ton.
Wt. I
5'32 L £0 16 31}

cases out of twelve. No average of any zwcm'acy can be made.

539
 0119

l
£
:1.
f.
11.
d.
gold
cyanide
£
mill,
from
works,
5.‘.
4'.
d.
of
Return
£a..v.a. i
f.
d.
2
.6
gold
and
mill
£
from
Total
1?.
d.
s.a.acya-
ra.ev.enue, £
11.
d.
Total
mill,
from
income
f.
1?.
51
cona.cs..1.entrates,
,
'
May.
April.
June.
March.
July.
January.
February. '
July.
June.
May.
April.
Jflnuury.
March.
February. }
July.
Janun
June.
May.
April.
March.
February.
ry.

SOF
ETXAPETNEDMIETUNRTE
AND
REVENUE mm‘
“PMdand
mine
17
2
a
':
14
ings
14,645
0
e1
4
t5,660
v5,543
54,461
re1la5otpme6n1t,3

Company.
GEstate
Mining
Gold
and
eldenhuis
Company.
Mining
Gold
City
Suburban
and
Crown
Company.
Mining
Gold
Reef

from
January
July
1895.
31,
1
to
P811
16
r7
6,124
5
4
9
o1
8
1
5,807
fi1,361
t0,829
1,547
forthemI.a
on.th d
20
9
6
320769
tailings
and
10
8
4
15
‘20,863
6,489
6,905
6,008N

05working
26
7
191
4111-056
611-121
perton
155
081
010659
0539v
-154
51.01’

and
tail-,
charges,
milling
ing,
transpt
ort
‘"s11
942
06Total
s"2'28
7 1“ton
cost
‘-55-76-95per
-ea5

rxpenduitcurte,ioncnludingemption
Emi
in, enerxalpcehnoapsrmegnset6
of 2,0
2 5
1
8
c9
21,887
minedeve
21,256
910
y1910
14
22,163
2,610
a1,215
2,111
ni8,917
de xpenses,etc. taProfit
d
and
from
cailings
umule. °0Totalexpnditure,includingm ing,ha.ul-
TABULAR mining
including
eTotal
xpenditure,cyanide,
general
milling,
charges,
on

26
‘1
29
4
r22,510
d28.490
mine
8
7
5
16
5,232
2e222519
0
143,385
dv1.144
2,577
elmoptmieont

61
6185
7
Costof
46
9ton
1
-615
t-695
2101
991
r-456
-691
994
per
eatment

12
6
15
089
95
Profit
month
14,04618
for
13
6
0,685
1,217
,88014
,489
6,7321?)
2,89818. 11110
6
14,669
4
14,851
18,905
7month
for
Profit
0
80,42519
2
80,114
,81915
,313
0.
33
8
1
7
0
2
335,303
t7
3,296
4
2,462
a12
1,600
0,268
8,901
i1,811
lings,ete.

1
212
14
252
8
slimes
5
482996482..
56
1
0
35
413
7
16
33,499
11
31,415
18
nide
29
4
312
3
19
0,083
3,159
2,651
0,890
9,964
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35.0 N H . . 8H53 QHH . QHNN2wN H . 3H0.“O NH ... H . $8.3 w H . 53H; H . 5335833538.;
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52,933
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9
4
51,888
6
3
18
5
55884
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65,976
2,399
4,387
l
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£
gold
cyanide,
mill,
.2
(1.
.6
from
5.‘,
of
cReturns
ona.caent.rates,
'
April.
March.
February.
January.
June. I
May. '
I
MFJune.
May.
Apr].
JJuly,
zen'burcnulair.y. '
‘
January.
April.
March.
Fobruaiy.
May.
June,
July,
' '£
cyanide
and
£
gold
of
Return
mill
(1.
d.
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4'.
cl.
.6
11.
(1.
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15'48
241
o575
Cost
4-22
5-55
1ton
i11.11__
6-7
t1
8
per
083
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month
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0
10
for
28,404
4
14
33
2
916
8
17
9
,640
O
9,604
34,083
6
9
0,485
0,075
2,719
0
TABULAR
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AND
REVENUE
OF
January
1895.
31,
1
XTtPAETNEDMIoTEUNRTE

Company.
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Gold
and
Estate
Princes
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Gold
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New
ietfontein
RMmmg
Gold
Company.
obinson
16,175
0
9
17
7,200
619
5
15
8
72
8etc
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,489
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mill
from
gold,
cyanide
and
6,473
10
16
67,120
v1
0
719
15
2
8
17
14
etc.
16,5;6
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,668
,078
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merednctioii,
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general
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matirnatnesapnocret,
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171
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0
2
10-132
7550
e11260
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ton,
d479
968
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mine
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per 'mining,
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7
923
88
4
2211-6'5'6'3109
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3
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5
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515
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14
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16
6,264
9
4
19
etc.
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10
17
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5,208
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17
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0
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2
14
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2
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67
1
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4
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 APPENDIX.

BARNATO BANK, MINING AND ESTATE CORPORATlON, LIMITED.

Formed in September, 1895.
CAPITAL—£3,500,000 in £1 shares ; 2,500,000 shares issued and fully paid ‘up.
Chairman.
B. I. BARNATO, M.L.A.
' ‘ London Directors. .
H. J. BARNATO, HENRY C. BUCKNALL, WOOLF JOEL, ISAAC LEWIS, W. T. MORRISON,
JOHN PADDON, and HENRY WALTER.
Johannesburg Directors.
JULIUS FRIEDLANDER, S. B. JOEL, and Joan Tunnorn.
Head Ofiice.
Johannesburg, ‘ Transvaal.
The Company was formed to conduct a general financial business, mainly in connection with
Band mining properties. It is understood that it has acquired large interests in the New Primrose
and other companies belonging to the Barnato group. ‘

BARNATO CONSOLIDATED MINES, LIMITED. -

Formed in July, 1895.
CAPITAL—£1,250,000 in £1 shares; 1,000,000 shares issued and fully paid up.
CAPITAL APPROPRIATION.—
To the vendors 750,000 shares.
Issued to provide working capital at 50.9. 250,000 ,,
Held in reserve 250,000 ,,
£1,255,111)
The working capital provided is therefore £625,000. 35,000 of the shares were paid to the Klein
fontein Deep Syndicate for 424 claims on the farm Benoni. ,
PROPERTY.—It is stated that the Company acquired 1,500 claims. No official list of the assets
has been published, but it appears that the Company took over 424 claims (Kleinfontein Deep), at
the eastern part of Benoni, Witwatersrand, together with 84 on the north and east ; a five-twelfths
interest in the Rand Exploring Syndicate (Ferreira Deep, 142 claims), the Rand Mines, Limited,
owning the remainder ; 67 claims immediately south of the New Croesus; 143 claims adjoining the
last-mentioned block ; an interest in the Heriot Deep Level block; 48 claims on the dip of the New
Aurora ‘Nest; 13 claims south of the Angle-Tharsis, with other neighbouring interests; 11 claims
on the dip of the United Langlaagte; a half-interest in the Berea estate of 2,000 acres at Delagoa
Bay, including building sites in the town; properties in the Heidelberg and Barberton districts; and
other claims, farms, and options. Adler’s Consolidated Company has undivided interests with the
Barnato Consolidated of 11} per cent. and 15 pegficent. respectively in the 143, and 67 claims south
1
552 APPENDIX.

of the New Croesus. The 508 claims on Benoni already referred to were sold in September, 1805,
to the Chimes Mines, Limited, for 300,000 shares, the Barnato Consolidated Company also subscrib
ing for 25,000 shares at 408. 0d., and having a twelvemonth’s option on the 50,000 reserve shares
at. 50s.

CHIMES MINES, LIMITED.

Formcd in September, 1895).
CAPITAL—£375,000 in £1 shares ; 325,000 shares issued and fully paid up.
Directors.
E. HANCOCK, G. IMROTH, S. B. JOEL, E. P. SOLOMON, and J. Tuosors.
Head Oflicc.
Johannesburg, Transvaal.
CAPITAL APPROPRIATION.—
To the vendors (the Barnato Consolidated Mines) 300,000 shares.
Taken up by the vendors, at £2 25,000 ,,
Held in reserve, subject to an option at 508., in favour of the
Barnato Consolidated Mines, for 1 year 50,000 ,,

£375,000
The working capital at present is therefore £50,000, with £125,000 to come if the option is exercised.
PROPERTY.—508 claims at the eastern side of the farm Benoni, East Band. The Kleinfontein
Central and Chimes \Vest properties are on the north-western side, and the Modderfontein pro
party adjoins at the north-eastern boundary. The major portion of the property formerly belonged
to the Kleinfontein Deep Syndicate. .

CONSOLIDATED GOLD FIELDS OF SOUTH AFRICA, LIMITED.

(See also the longer notice in Volume II.)
The following are extracts from the report of the directors (issued on October 29, 1895) for the
year to June 30, 1895 :—
PROFI'rs.—The realized net profit on the year’s working, after deducting debenture interest
and all outgoings, shows a balance to credit of £2,161,877 08. 1111., out of which the dividend on
the preference shares has been paid, together with an interim dividend of 58. per share on the
ordinary shares, leaving, together with the amount brought forward from last year, a balance still
available of £1,970,741 198. 7d. The directors recommend that a final dividend of 208. per share
be declared, free of income tax, making, with the interim dividend, 258. per share for the year, and
that £200,000 be added to the reserve fund, leaving a balance of £1,145,741 198. 7d. to be carried
forward to the credit of the current year. In addition to the foregoing realized profits, the Com
pany's share investments, as per Schedule 1 (apart altogether from profits shown on market values
of shares held in deep level companies formed since June 30, as per Schedule 2, or from any
appreciation in value on claims, properties, and estate holdings, as per Schedules 3, 4, 5, and 6)
show, on the prices of October 16, a ‘further unrealized profit exceeding £9,000,000.
RESERVE FUNn—The reserve fund now stands at £187,727 98. 911., and is invested in British
Consols. To this it is proposed to add the £200,000 referred to above.
DEEP LEVEL (CENTRAL RAND) INvFsTimNTs—The great feature of the year’s business of the
Consolidated Gold Fields of South Africa. Limited, foreshadowed at the last annual general
meeting, has been the sale of the Company’s holdings in outcrop companies and the acquisition of
large deep level interests. The management, after most careful consideration and consultation
with the Company’s engineers, initiated towards the end of last year the policy of forming a second
series of deep level companies right across the Witwatersrand, under the then existing outcrop and
deep level companies. Schedule No. 1 sets out the Company’s realizable share holdings at June 30,
1895, which speak for themselves, while the remainder of the schedules deal with claims and
properties which had not been placed on a. share basis on that date.
EAST AND Wns'r RAND INVEST.\[EN'I‘S.—Schedule No.2 deals with the central portion of the
Rand, and in it will be found set forth a list of shares held in those companies which had been
carefully formulated by the Company’s engineers during the past year, but which were not actually
registered until June 30, and of claims which are now being, or soon will be, put on a. company
basis to completely carry out the scheme of the second row of deep levels referred to above.
Schedule No. 3 deals with the eastern and western portions of the Rand respectively. On the
 1
A PPENDIX. 553

east will be found the Company’s interest in New Witkopje, Klipfontein, and Reitfontein (Apex),
representing very large claim holdings; while on the west will be found claims aggregating over
1,000 on the Middelvlei Estate, besides farm and estate options.
NIGEL Drs'rmc'r INvEsrnEx'rs—Schedule No. 4 shows the Company’s vast holdings in the
Nigel District, the acquisition of which forms another of the main features of business of the past
year. In addition to the shares held in the Nigel Deep and Nigel Central Companies, already
mentioned in Schedule No. 1,‘ it will be seen that the Company possesses a large holding in the Sub
Nigel Company, which Company the management has felt justified in floating since June 30. On
the large number of claims, mining leases, and farms also appearing in the schedule active pro
specting and development work is being carried on, with a view to further flotations as the various
properties are proved.
Schedule No.5 refers to those large interests in the Klerksdorp, Lydenburg, and Barberton
Districts, which have during the past year been acquired either by purchase or option.
CHARTERLAND INVESTMEN'I‘S.—Satisfact0ry news continues to come to hand as to the progress
of Rhodesia, and as to the development of many of the mines. The Board anticipate in this
direction a large and profitable field for investment of the Company’s funds, under the advice of
Major Sapte and Mr. F. M. \Vatson, who have devoted the past year to an exhaustiye examination
of the Company’s holdings and of the mineral prospects of the country generally. The Company’s
holdings will be found included in Schedules 1 and 6.
Scnannu: No. 1.—L1s'r or ran CoiuPANv’s PRINCIPAL Honnmos AT JUNE 30, 1895.
The Apex Mines (Cum. Rights) say 10,000
The Amatola Company ,, 10,000
The British South Africa Company ,, 50,000
The Belgian Trust Preferred Shares ,, 17,000
Do. do. Dividend Shares ,, 24,000
The Consolidated Belingwe Development Company... ,, 15,000
The Central Nigel Deep ,, 132,000
The Compagnie Générale des Mines d’Or ,, 11,000
The De Beers Consolidated Mines ,, 25,000
The East Rietfontein Company ,, 7,000
The New Florida Gold Mining Compan ,, 10,000
The Rand Klipfontein Company . ,, 8,000
The Klipfontein Estate Company ,, 18,000
The Middelvlei Estate and Gold Mining Company ,, 40,000
The Mashonaland (Central) Gold Mining Company ,, 20,000
The Ni el Dee ,, 115,000
The R0 inson eep ,, 11,000
The United Rhodesia Company . ,, 50,000
The South Rand Mines ,, 70,000
The Transvaal Consolidated Lands Company ,, 6,000
The Village Main Reef Gold Mining Company ,, 25,000
The Goldfields Deep ,, 400.000
The Simmer and Jack Gold Mining Company ,, 180,000
The \Vestern Transvaal Mines ,, 12,000
SCHEDULE No. 2.—Cax'ra,u. RAND.
The share holdings in the second series of Deep Levels referred to in the report at present
time consists of :—
Holdings of
Issued capital. Consolidated Gold Fields
- 51 I f South Africa (Limited).
Simmer and Jack West 300,000 29,356 shares.
Simmer and Jack East... 550,000 57,039 ,,
Knight’s Deep 430,000 119,937 ,,
Knight’s Central 400,000 80,000 ,,
Glen Deep 500,000 64,933 ,,
Rand Victoria 630,000 59,381 ,,
Jupiter Gold Mining Company 600,000 134,275 ,,
(Under Jumpers Deep).
544,92_1_ shares.
Nata—The pro rata right to reserve shares on above 544,921 shares will represent a further
326,839 shares.
554 APPENDIX.

The Company also has large rights of subscription on favourable terms in companies hereafter
to be formed in connection with large blocks of claims under the Nourse Deep, Meyer and Charlton,
\Volhuter, and George Goch, also in connection with the Ingramsbnrg and Bathville Claims,
situated to the dip of the Village Main Reef, and with the Booysen Estate, situated to the dip of
the Crown Deep and Robinson Deep.
These subscription rights are estimated to aggregate 750,000 shares of £1 each.
Bezuidenville
Claims pending flotation Paardekraal 284
Banket
The Company also has interests in right of subscription in connection with any developments
of‘ the farms Vierfontein, Turfl‘ontein, Klipsriversburg, and Elandsfontein.

. SCHEDULE N0. 3.—E,\s"r AND Vl'E'a'r Ram).

East Rand :—~ '
Interest in New Witkopje.
,, ' Klipfontein.
,, Rietfontein (Apex).
' Share holdings Claim
West Rand :— since June 30. _ holdings.
Claims, 275, floated since June 30, for shares in the .
Midas Deep (Limited), the Company’s holding in ' '
which is 75,000 —
Claims already acquired: ..
Claims being prospected under options... ; Pendmg flotation { 380

749
Interest in South Luipaard’s
SCHEDULE
Vlei.No. 4.—NIGE1. Drs'raic'r.

Share holdings Claim

since Jnne 30. holdings.
Claims, 306, floated since June 30, for shares in the
Sub-Nigel (Limited), the Company’s holding in
which is, say I 212,000 -
Claims already acquired... 7 . .' ( 589
Claims being prospected under options... 5 Pending flotation 693

1,282
Mynpachts and farms, being either on the extension or dip of the above.

SCHEDULE No. 5.—KLERKsnoRP, LYDENBURG, AND BARBER'I‘ON DISTRICTS.

Claim Holdings.
KLERKSDORR—Claims already acquired or being prospected under options... 3,300
LYDENBURG.—Farms in the gold belt reported on by Company’s engineers and
acquired 25
BARBERToN.—-Sundry options on properties in this district at present being prospected.

SCHEDULE No. 6.—CHARTERLAND.

MATABELELAND—
Selukwe District Selected claims on the Nigel, Stamford, and other reefs 84
Mulungwane District ,, ,, \Iwq q
Kestrel and other reefs 40
Bembese District ,7 _. ~. 4 Morven, Mikado, and other reefs . 70
Umsezwe District Story, Speckled Valley Estate, and other 320
Umzingwane District \l‘l-‘ Riversdale, Norham, and other reefs... .. 240
Gwanda District ,, q~.-~._
Epodo, Chili, and other reefs 129

883
of which 469 are developed according to the British South Africa ccmpany’s regulations’ and 11;
are at present being developed. -
v
 APPENDIX.

MASHONALAND—
Claims in various districts Ca. 0 I O I I O I I O E a. d.
O O O L’
I I I a. (1.
Building stands in Salisbury, Bulawayo, Umtali, and Victoria.
Various farms in the neighbourhood of Salisbury.
Note—Claims converted into Company holdings will be found in Schedule 1.

Balance-Sheet, June 30, 1895.

De. £ a. d. .6 a. d.
To Ca iital authorised and issued— By Investments—
1,‘ ' ,000 6 ier cent. preference Sbares in companies at or
shareso £1each 1,250,000 0 0 under average cost... 3,335,256 17 10
625,000 ordinary shares of £1 Expenditure on properties and
each 625,000 0 0 ventures 196,383 2 5
» ~ .- 1,876,000 0 0 -—-——-- 3,631,640 0 3
,, Reserve ,, Investments on account of reserve, 2% per cent.
As at June 30, 1891 83,723 9 5 Console at 104} 186,796 8 2
Transferred from profits as ,, Sundry debtors ... 1,278,494 6 7
per last report. 100,000 0 0 ,, Cash advances 174,186 16 8
Interest received during year 4,004 0 4 ,, Dividends accrued on investments 34,634 3 9
———-— 187,727 9 9 ,, Real estate and buildings 46,485 14 10
,, Liabilities—— ,, Office furniture 3,290 10 5
6} per cent. debentures issued ,, Cash at bankers’ and in hand 544,036 12 10
at 95, redeemable at par on
and after July 1, 1897, by 5,797,503 17 e
annual drawings 600,000 0 0 ,, Difi‘erence between issue price and redemgtion
,, Bills payable 226,000 0 0 price 01' debentures to be written 0 as
,, Sundry creditors... 573,621 1 10 debentures are redeemed .. 30,000 0 0
,, Interest accrued on debentures 16.267 0 7
,, Dividends declared unpaid 61,017 6 6
865,896 811
,, Managing directors— ‘
Undrawn balance for year 1896 18,973 10 10
,1; this year s net profits. less
paid on 60. interim dividend 309,126 8 6
328,09819 3
During the currency ofthe mana 'ng directors’
Agreement this is only paya Is in propor
tion to the dividends paid to shareholders.
,, Profit and loss account—
Balance at credit .., ,.. 1,970,741 19 7
,, Contingent liability— ‘
Unealled capital ouinvestments,
etc.... .. 00. one 107,046‘ 10 0
.' £6,827,463 17 A 16
£6,827,463 17 6

Profit and Loss Account, July 1, 1894, to June 30, 1895.

£ a. d. £ a. d.
To Directors’ fees, salaries, ofiice and other ex By Profits realized b sale of investments, less
penses,London .. 12,647 3 4i losses writteno .. .. 2,540,918 4 0
,, Engineering department and assay ofiices, ,, Dividends on investments 61,611 12 11
ofiice salaries, and other expenses, South ,, Transfer fees, ete.... 3,092 12 0
Africa 39,37617 8
,, Debenture interest, exchange and discount,
lessreceipts 34.81816 1
,,Cahlegrams... 2,83119 6
,, Expenses of issue of preference shares 14,665 10 11
,, Balance carried down 11'. 2,501,493 2 5
22,605,622 s11 22,605,622 8 11

£ 8. d. £ a. d.
To Managing directors ,1, of profits 333,632 8 6 By Balance brought down 2,601,493 2 5
,, IDCL me tax paid on 1;} oi profits, less amount ,, ,, from appropriation account... 21,46318 3
deducted from dividends and other payments 6,182 13 1
,, 60. interim dividend (ordinary shares) . 166,260 0 0
,, Preference dividend for year . 66,260 0 0
,, Balance carried to balance sheet: '.'.'. 1,970,741 19 7
22,522,957 1 1 £2,622,057 1 '1
’_ _._._,__...__ k
!

Appropriation Account (last Financial Year.)

£ a. d. 8 a. d.
To Dividend 15 per cent. on ordinary shares 187,600 0 - 0 By Balance at credit of profit and loss account,
,, Amount transferred to reserve 100,000 0 0 June 30,1891 . . 308,963 18 8
,, Balance carried to profit and loss 21,463 18 s
18 s £308,96318 s
556 A PPENDIX.

EAST ROODEPOORT DEEP, LIMITED.

Formed in September, 1895.

CAPITAL—£200,000 in £1 shares ; 170,000 shares issued and fully paid up.

Directors.
J. BERLEIN, J. S. Currie, and H. J. KING.

Head Ofiicc.
Johannesburg, Transvaal.

CAPITAL—The capital was distributed as follows :—

To the vendors of 161 claims 100,000 shares.
For working capital, taken up at 32s. 611. each 70,000 - ,,
Held in reserve 30,000 ,,

£200,000

The working capital provided‘by the sale of the 70,000 shares is £113,750.

PROPERTY.-—161 claims, known as the Curtis and Berlein blocks, at the eastern side of the
farm Roodepoort, No. 153, Witwatersrand. The property is bounded on the east by the Vogeli
struis Consolidated Deep, on the north by the Kimberley Roodepoort’s northern mynpacht, and on
the west by the Durban Roodepoort Deep. The claims were purchased from the Transvaal Gold
fields, Limited, Messrs. S. Neumann & 00., Mr. J. S. Curtis, and others.

EERSTE FABRIEKEN HATHERLEY DlSTlLLERY, LIMITED.

(For further notice see Volumc_II.')

Ex'rmo'r FROM DIRECTORS’ REPORT son THE HALF-YEAR ENDING JUNE 30, 1895.

The profit for the half-year, after making provision for depreciation and for the balance of
the debentures falling due on July 1, 1895, as well as all interest and other charges, is
£34,133 0.9. 3d., which, with the balance of £9,033 10s. 6d. brought forward from the previous
half-year, brings the balance at credit of profit and loss account up to £43,166 108. 0d. A dividend
has been declared for the half-year of 10 per cent., being at the rate of 20 per cent. per annum,
which is payable on 15th inst. This will absorb £30,000, leaving a balance of £13,166 10s. Set.
to be carried forward. The reserve fund now stands at £16,249 185., having been increased
£11,249 183. by the exercise of the option on the reserve shares referred to in last report. An ofl'er
having been made to provide the Company with further working capital, besides extinguishin the
7 per cent. debenture debt, a. general meeting of shareholders was held since the close 0 the
half-year, at which the capital was increased from £300,000'to £400,000. 50,000 of the new
shares are now being offered to shareholders pro rate, at 508. each, and the remaining 50,000
shares are under option to the guarantors at £3 ‘each. During the half-year under review, the
erectron‘of a glass factory was commenced, and is progressing satisfactorily. It is expected to be
1n work mg order during the current half-year.
 APPENDIX. 557

Dr. Balance-sheet, June 30, 1895. Or.

Liabilities. lb ‘a Assets. £ 0 d.
To Capital 9'c=1:
eacao o By Freehold land, buildings and. houses 66,684 0 5
,, Bills
Debentures
payable ,, Agencies, buildings and
houses. vi1..:- £ 8. d.
,, Sundry creditors Barberton 412 12 0
,, Reserve
Casks ont'uud...
sale or return .. .. Jacobsdnl 149 0 7
Johannesburg 17,549 4 9
,', Interest on debentures, coupons due Klerksdm'p 713 15 10
,, July
emption
1, 1895
0t‘ debentures, 60 deben -—-— 18.8% 18 2
,, Machinery and plant and tools 60,606 13 9
tures due July 1, 1895 . 0,300 0 ,, Household and ofiice furniture 1,317 8 7
,, Profit and loss account 43,100 10 ,, Reservoirs 1,967 1 2
,, Hstherley branch line 1,985 6 l
,, S irits in stock 81,301 8 4
,, 1slry do. . 40,497 3 3
,, Stores do. 20,038 11 8
,, Sundry debtors 11,590 8 10
Due by agencies, viz. :—
Barberton 4,759 16 1
Jacobsdal 231 13 0
Johannesburg 22.824 15 2
Klerksdorp 2,510 8 8
Lydenburg 408 6 5
— 42,325 8 2
,. Grain in transit and iubaud 16,694 11 11
,, Goods in transit 336 13 9
,, Ingredients 961» 10 11
,, Live stock 763 11 9
., Wagons, carts, and harness . 510 4 0
,, Insurance unexpired 219 8 6
,, Concession and goodwill 122,319 7 5
,, Cash on hand and at bankers‘ . 41,540 2 l
,, Bills receivable 6,357 4 2
,, Glass factory . 8,485 18 5
,, Grain distributed account 357 9 6
£479,04130 ‘7 1
£479,041 6 7

Dr. Profit and Loss Account for the half-year ending June 30, 1895. Cr.

March 2, 1805. Dec. 81, 1894. £s. d.

To Dividend, 8 per cent., paid on £300,000 for By Balance brought forward 33,033 10 6
half-year ending December 31, 1894 ..
,, Balance forward
£317,033-107 6

June 30, 1895. June 80, 1895. £ 5. 11.

To Charges— By Balance 9,033 10 6
Burbcrton ‘agency ,, Gross profit, iit'ter'deducting Ill-charges
Jacobsdal agency and working
,, Interest expenses
on overdue accounts 62,004 111
Johannesburg agcnc y 12412 4
Klerksdorp agency ,, Water sold 60 0 0
Lydenburg agency
Bank charges,
,, Discount discount
allowed .. and exchange

,, Interest
Maintenance
on debentures
and repairs—

Machinery and lant

Houses and bui dings
,, IDepreciation
usurance expired

,, Delivery charges ..
,, Printing and stationery
,, Special expenses ‘do
eamocom
,, Petty expenses
,, Law ex enses
,, Auditor s fees .,
,, Redem
Bad de tion of debentures
ts written 011‘ .

,, Medical
Balance attendance
available for dividend

.'71,222 4 £71,222 4 9
 558 APPENDIX.

GEORGE GOCH AMALGAMATED GOLD MINING COMPANY, LIMITED.

[For further notice, see page 135].

Ex'rRAcrs FROM DIRECTORS’ REPORT FOR THE YEAR ENDING AUGUST 31, 1895.
Ore-Rescrves.—In August, 1894, these amounted to 68,500 tons, and at August 31, 1895,
they stood at 156,500 tons, showing an increase of 88,000 tons.
Findncea—The profit carried forward to the next year, after writing off £16,854 for mine
redemption, and £21,052 133. 4d. for depreciation, amounts to £31,519 68. 7d.
Eleazar MJnpachL—A profit is shown of £16,000, represented by the Company’s holding of
18,000 shares in the Eleazar Mynpach't Gold Mining Company. The capital of that Company is
£62,000, which the George Goch Gold Mining Company has the right of increasing to £100,000
(under certain conditions). The Company owns 700 claims on the farm Eleazar, Klerksdorp
district.

GENERAL MANAGER’s REPORT FOR THE YEAR TO AUGUST 31, 1895.

During the twelvemonths 8,022 ft. were driven, exposing 155,514 tons of ore, at a cost of
£28,836 1s. 11d., or £3 11.9. 10'6d. per ft. and 33. 8501. per ton. The ore was redeemed during the
year at the rate of 5s. per ton. The ore developed during the year in excess of mill requirements
amounted to 88,098 tons, standing in the books at a cost of £11,982 ls. 11d., or 28. 864d. per ton.
The 156,537 tons of ore in sight stand in the books at £28,633 188. 6d., or 38. 7911. per ton. This
shows that the redemption figure of 5s. per ton would really be in excess of cost.
Rate of Development—4,248 ft. 10 in. of driving was done during the year by rock drills, an
average of 4'5 drills giving a footage per drill per month of 7868 ft. The balance of 3,774 ft. was
done by hand labour. The total footage of driving and sinking amounts to nearly 2 miles. Of
the total development, 13 per cent. of the total footage was dead work caused by dykes.
West Main Shafl.—This is down to the 500 ft. level. The ore above this level, with 75 per
cent. of the ore above 400 ft. level, is not included in the tonnage reserve calculations. East Main
Shaft : This has been turned on the incline at the 400 ft. level, and is 150 ft. below it.
Permanent Works.-— West Mine.- A year ago this mine was entirely shut down. The shaft
has been re-timbered to the 300 ft. level, and has been carried down two levels to the 600 ft. level.
~ East Mine .- A year ago the shaft was only sunk to the 300 ft. level; it has since been sunk to
the 400 ft. level. Instead of turning this shaft on the incline, a cross-cut was put in south from
the shaft and an incline commenced upon the North Reef. The shaft is now down 150 ft. below
the 400 ft. level. In cutting the main cross-cut south on the 400 ft. level the main dyke was
passed through, but was found to be narrower than anticipated. At this point a reef 14 ft. 6 in.
wide, assaying 12 dwt., was struck, upon which 100 ft. have been driven. This cross-cut is
being continued south to intersect the Main and South Reefs.
Sinking—473 ft. of sinking was completed during the year, at a cost of £8,686 148. 361., or
£18 68. 9'3d. per foot. The total cost of these two shafts, including timbering main west incline
shaft, amounts to £16,226 63. 8d., or £14 58. 67911. per foot.
Mining.—The actual number of tons mined and raised during the year was 102,947 tons. Of
this amount about 50 per cent. has been stoped from the Main Reef. 35,331 tons have been sorted
out, equal to 3451 per cent. The total cost of actual mining was £37,527 53. 2d., or 7.9. 348d. per
ton, inclusive of maintenance, pumping, hauling, and transport to mill.

Ore Developed.

D East mine. | West mine. Total.

ate‘ Tons opened up. Tons opened up. Tons opened up.

From Sept, 1894, to Aug, 1895 85,452 ‘ 70,062 155,514

Ore in sight Aug. 31, 1894 47,920 20,519 68,439

133,372 ‘ 90,581 ' 223,953

Ore crushed for twelvemonths ending , ,
Aug. 31, 1895 r 50,178 17,238 67,416

Ore in sight Aug. 31, 1395 83,194 ‘ 73,343 156,537

 A PPENDIX. 559
Reduction of Ore.

67,416 tons have been milled as follows :—

Days. Hrs. Mi ns.
47,859 tons by 50 stamps in 237 1 47
19,557 tons by 60 stamps in 82 7 43

Total 319 9 35
Or at the rate of 3999 tons per stamp per day.

Days. Hrs. Mins

Possible time 365 0 0
stoppages 45 14 30

Total time run 3T9 9 30

Tons
Ore crushed
crushed per stamp per day 67,416 tons.
3999
Yield of smelted gold 21,622 oz. 14 dwt.
Yield per ton... 6 dwt. 9'95 gr.

The total cost of milling, including maintenance, was £14,239 188. 11d., or 48.- ‘2'69d. per ton.

Mill Results (1) Fine Gold.

Avera e r Plate extrao

Month. Tolls” a ‘ton “$55; Contents. tion‘ Extraction.
‘
m1 er . , samp e o
: headings.
.
Fme gold‘ Fine gold.
— i T895. i l ‘m " dwt. ’ - oz Af3 oz. Per lun. Per cent.

April .. . 5,437 1053 2,862'580 1,645'450 — -—

May ... I 5,501 1053 2,896'276 1,714'900 —~ —
June ... ’ 5,897 1 1'31 3,334'753 ' 1,568'000 — —
July .. . 6,640 9'72 3,227'040 1,620.550 — —~
August ... ' 7,020 1139 3,997'890 1,707'800 — l —

Totals and averages l 30,495 ) 10'726 16,318'539 8,256'700 5'415 dwt. 5059 per ct.

Cyan ide Results (2) Fine Gold.

T Average
‘ onnave. assay of C W - _
Month Dr we? ht h r es imtents' on “1 Extraction.
l genes. frgma'difly ‘ Fine gold. fine gold.
samples.
7 1895. ‘if i v ‘ — dwt. ‘ H‘ oz, *1 i 5 Per ton Per cent.

April ‘ 4,650 4-50 1,046-25 770-50 - -

May 4,300 5-75 1,236'25 783-90 — ' —
June 1 4,600 5'66 1,301'8) 916'35 — l —
July 4,800 5'29 ‘ 1,269'60 747'60 —— —
August I 4,450 5'08 I 1,130'30 710'65 — —
e A1 ii_ 4 >__ __| __ 7 ._~
Totals and averages f 22,800 5'24 ',984'20 I 3,929'00 3'44 dwt. 65-16 percent.
 APPENDIX.

Concentrates Results (3) Fine Gold. Treated by Cyanide.

Average '
Tonnage. assay Contents. \Von in ,
Dry weight. value of ~ Fine gold. fine gold. I Extraction.
charges. ' ,
*0 dwt: k W oiz. ‘ — oz: Per ton. P11‘ cent. —

April 40 5358 107-16 103-80 5 - »

May ' 39 7216 14071 12800 — —
June 36 8250 14850 134'00 —
July 40 64'00 128‘00 117'30 - -—
August 32 67'50 10800 10050 —— —

Totals and averages 187 67'63 I 63237 58360 i 6241 dwt. l92'22 per cent.
l
(Untreated) Gold contained in Slimes (4) Fine Gold.
[Tonnage of slimes is made up by deducting tailings and concentrates from ore milled]

Month‘ ii Tonvlrleiggeht.
Dry a . I Ae133"? Co to
Finis1 ts.
gdlld.
*— 1835; u h D 6 1" dwt. “A a’ v‘ i 004” G
April 747 4'00 149'40
May 1,162 l 4'16 24169
June , 861 4'60 19803
July l 1,800 1 383 349-70
August | 2,538 ', 3'79 48095
_4_ .4 4 4 .4 _ "H i _.l. n _ i__~‘___ 4
Totals and averages... 1 7,108 ‘I 399 1,419'77

Gold Contained in Taz'lings Residues (5) Fine Gold.

'0 - 'r . I Trig. "_ionht‘l.”
MM 1 Fast.
1895. ' dwt. gr. 02.
April , ' 4,650 I o 21 203-437
May | 4,300 1 4 240-833
June I 4,600 1 2 249'166
July 5 4,800 1 0 240-000
August 1 4,450 1 3 ' 250'312

Totals and averages... I 22,800 i 1 0-92 1,183-748

Gold Contained in Concentrates Residues (6) Fine Gold.
4_ , ‘
Mouth’ T nna .
Dryoweiglezt. l Aegg-fie Go teglbld.
Fiiib t .

18%- l‘xtfi Q1. 0 __I ‘072.0 0

April 40 l 3 12 7-00
May 39 , 4 0 I ‘780
June ... 36 l 3 12 9-90
July 40 5 0 1000
August 32 i 3 12 5'60
- 444 . 4 44_ 4 44 4 4| __444444
Totals and averages...
‘ 187 ‘ 4 fine
74 H
l 4030
Gold from slags for above five months, 151 oz.
 APPENDIX. 561

Summary of above Tables (7).

Process‘ ‘ Tonnage‘ i’ won

Totalorfine gold either
accounted for.‘i Total fine
actually gold
recovered.

Mill * 30,495 ‘ 8,256'700 l 8,256'700

Tailings . ' 22,800 3,929'000 l 3,929'000
Concentrates 187 , 583600 I 583600
Slimes 1 7,108 ‘ 1,419-770 _
Tailings residues , 22,800 1,183'748 —
Concentrates residues i 187 40300 —
Slags -— 151'000 151'000

Totals E 15,564'118 l 12,920-300

TABLE 1.—Sliows that 30,495 tons of ore contained 16,318'539 oz. before treatment, and after
treatment 15,564'118 oz. can be accounted for; equal to 9537 per cent. of the actual gold in the
ore. Of this amount, as shown in Table 7, 12,920'300 oz. were actually recovered equal to 79-17
per cent. of the actual contained gold shown in Table 1, proportioned in the following manner
calculated on ore milled. Mill, 5059 per cent. of the actual fine gold in the ore; tailings, 2407 per
cent; concentrates, 3'57 per cent. ; slags, '94 per cent. ; total extraction, 7917 per cent. In other
words, 79'17 per cent. of the actual gold in the ore being mined, is obtained. The amount of con
centrates caught is only '61 of the ore milled, and careful research proves that the amount of
pyrites in the
be caught withoreproper
variesconcentrating
between 3 perappliances.
cent. and 7 Ilteriscent., of which
estimated a very
from large proportion
experiments should
on tailings and
residues that, were the concentrates properly extracted, about 150 tons of 4 oz. concentrates'would
be obtained per month, equal to 600 oz., or for 5 months 3,000 oz. as against 632'37 oz. as shown in
Table 3. This would bring the grade of tailings down from 5'24 dwt. to about 4'9 dwt. and these
tailings, then practically freed from pyrites, would be much more easily treated, and probably yield
residues of less than dwt. as against over 1 dwt. as at present. In other words, the tailings
would yield practically as much as they do now, and the extra gold won (from concentrates), after
deducting vanning expenses, would be profit over and above that made at present, and would bring
the total extraction up to 9391 per cent. The percentage of gold won from concentrates on ere
milled being thus raised from 3'57 per cent. to 1838 per cent. (allowing an extraction of 90 per
nt.) should then show a total extraction as follows z—Mill, 5059 per cent. of the actual gold in
.he ore; tailings, 2407 per cent. ; concentrates, 1838 per cent., slags, '94 per cent.; total pro
bable extraction, 9391 per cent. So that by careful attention to the separation of pyrites and its
treatment, a total extraction might be expected of 90 per cent. of the assay value of the ore. The
average assay value of the rock rejected from the sorting floors is 1 dwt. 2 gr. fine gold per ton.

Analyst's of Milling Operations for year ending August 31, 189.3.

Dates. Mill ho Tonnage l Yield. Yield I Value

- of Costof
- Cost p er ton. Profit. Loss.
,
18mm‘ run
days. of
stamp. crushed’ ,l 01.. er ton. ,; y£
pdwt. ield. Won-kin
£ 8. £ 8. (1. £ it

September .. . 29 50 5,724 1,750 6'11 , 6,348 6,111 1 1 0'05 236

October 26!, 5 5,340 1,616 ‘ 6'03 , 5,839 6,308 1 B 7'49 468
November 191 50 3,688 1,115 6'00 , 4,014 5,697 1 10 1060 1,684
December 28$ 50 5,424 1,900 7'00 l 6,896 5.999 1 2 1'45 898
January 25} 50 5,714 2,002 7'00 l 7,267 6,773 1 3 8'44 494
February 25} 50 5,311 1,859 7'00 ' 6,746 6,594 1 4 9'97 152
March 27¢ 50 5,720 2,003 7'00 ' 7,268 6,742 1 3 6'91 525
April 27d} 50 5,437 1,908 7'00 6,907 6.522 1 3 1188 385
May ... ... 28 50 5,501 1,926 7'00 6,990 6,204 1 2 6'67 78?
Julie ... ... 23 60 5,897 1,769 6'00 6,414 6,569 l 1 2 3'37 1 54
July ... ... 27;} 60 6,640 1,826 5'50 6,627 6,97!) 1 1 0'29 352
August 29 60 7,020 1,848 5'55 7,073 6,933 l 0 19 0'02 139

Totalsandavemges : 67,416 :21,622 6'41 78,389 77,431 i 1 2 1165 3,616 2,058

vet. I. o 0
562 APPENDIX.

Average working cost per ton, neglecting the month of November, when there were long
stoppages owing to breakdown and shortage of water, was £1 2.9. 613d.

Value of yield per ton £1 3 3'06

Working cost per ton, including all charges 1 2 11'65

Profit per ton £0 0 3'41

Tailings.

Dates ‘‘1 Tonnage'. ‘ A

vaslsiig F'n 51.1
eiitrigted. 1i 22:38:25?
“ml 60a'womum
. bu11'

if 1“ Eli-T Dim‘ 1w; 1.4. l i 1;...“

September 1 6,560 l 3 15 860 1 l 7234 I 1,221 15
October
November . ..
, 7,320
7,950
ll 33 12O 950 154
840
!‘ 7422
7046
r 1,354
1,200
6
16
December ‘ 6,900 l 3 8 812 0 7 7061 1,153 0
January | 7,090 l 3 12 97‘ 3 78'00 I ] ,388 0
February 6,377 , 3 14 833 12 72-95 1,182 0
March ‘ 6,150 a 3 16 808 0 1 71-58 1,146 14
April , 4,650 l 4 12 777 10 , 74-31 1,103 0
May... 4,300 1 5 18 783 18 , 63-41 1,113 0
June 1 4,600 1 5 16 916 7 l 7033 1 1,300 13
July... 1 4,800 5 3 747 12 , 58-37 1,061 3
August , 4,450 5 2 710 13 , 6283 1 1,007 11
1 71,147 i 4 0-5 10,019 15 i 7006 { 14,231 18

Concentrates.

*—J“* T f use? " '. "

We 5 Tonnage 351?; $325,111‘. P333358: “$3311.?”
1891—oi i * dwt. 7 if}; 1 oz. dwt.

September 4400 65 18 133 15 9246 189 5

October 23-50 95 3 114 5 94-22 1 161 14
‘November _ ._ _ _ _
‘December _ _ _ _ 1 _
January . 4025 44 8 83 19 9412 121 0
February 40-00 78 0 148 4 94-98 1 211 0
March 3300 72 4 110 16 93-05 , 157 6
April 4000 53 14 103 16 96-86 , 147 0
May 3900 72 4 128 0 l 9094 181 16
June 3600 92 12 134 0 90-27 I 190 3
July 40-00 64 0 117 6 9164 l 166 0
August 32-00 67 12 , 100 10 1 9305 I 143 9
372-75 68 026 1,174 11 ‘ 93-02 1 1,668 13

* No concentrates won owing to shortage of water.

 APPENDIX. 563

Analysis of Cyanide Process, including Concentrates, for year ending August 31, 1895.

Dates‘ 3’ Tons
treated H10ml ylem'
- l Yield
. ton}.1e r ,l‘otul
value. Hl'tal work
ing cost. ton‘.> er \,
Cost Profits‘

1894-95. , oz. dwt. 1 £ £ a. d. i S

September I 6,604 I 1,411 ‘ 4'27 4,082 l 1,321 4 0'00 \ 2,761
October ‘ 7,348 I 1,516 4'12 4,397 1,179 3 2'51 3,218
November I 7,950 I 1,201 3'02 3,451 1 1,203 33 0'33 , 2,248
December ‘ 6,9(X) R 1,153 3'33 3,308 1,192 3 5'45 1 2,116
January . ' 7,130 1,509 4'23 4,376 1,407 3 11'35 , 2,969
February I 6,417 1 1,393 4'34 | 4,028 1,204 3 9'02 , 2,824
March \ 6,183 1 1,304 4'22 I 3,761 ' 1,112 3 7'17 I 2,649
April .. 4,690 1,250 5'33 3,599 1,136 4 10'14 2,463
May 4,339 1,295 5'96 3,733 1,036 4 931 2,697
June . . . ... . .. 4,636 1,490 6'43 4,321 1,038 4 5'75 3,283
July... 4,840 1,227 5'07 3,532 1,179 4 10'47 I 2,353
August 4,482 1,151 5'13 3,304 1,055 4 8'47 I 2,249

‘, 71,519 . 15,900 4'45 45,892 14,062 3 11'18 ‘I 31,830

£ 3. d.
Value of yield per ton 0 12 1000
Working cost per ton 0 3 1118

Profit per ton £0 8 1082

The average cost of retreatment of tailings, including Concentrates, has been 33. 11'18d. per
ton.

Total Value and Costs from all Sources.

- ‘ £ 8. d.
| Total value of yield from all sources 124,281 8 8
‘ ,, working costs 91,493 2 2

l.__ Total profits £32,788 6 6

..r A

' Total value of yield per ton 1 '16 1044

,, cost per ton (working) 1 7 1'71

Total profits per ton £0 9 8'73

The above values and working costs and profits per ton are calculated against 67,416 tons of
ore actually milled.
564 A PPENDIX.

Summary of Monthly Profits.

1 1 !
Dutes' ‘ Profibf
mini]?1 ‘ Profitf
cyanilllzn ‘I Tomlg' ‘ ou milling.
Less loss profits.
Actual total

1894-6;. , s 4. a. 1 £ 8. (1.; 2 a. d.i V s: I a.‘ s I. d.

September : 236 14 5 2,760 18 3; 2,997 12 8l — 9 2,997 12 8
Qctober | — 3,217 15 8i 3,217 15 8‘ 468 8 5‘ 2,749 7 3
November , —- 2,248 4 11 2,248 4 11 1,683 2 6‘ 565 2 5
December 1 897 1 5 1 2,116 4 9 3,013 6 2 — 3,013 6 2
J‘anuary . . , 494 1 4 2,969 3 9 3,463 5 1 _ 5 3,463 5 1
February I 152 4 7 2,824 2 6 2,976 7 1 — 2,976 7 1
March 525 5 8 ‘ 2,648 14 1, 3,173 19 9 — , 3,173 19 9
Alpnl . 3365 8 9 2,462 16 6 2,848 5 3 — ‘ 2,848 5 3
lay 7 9912696176348373 — 348373
June _ 1 3:282 16 8 3:282 16 8 154 16 11I 3:127 19 9
July I — 1 2,352 17 1 2,352 17 1 352 0 3} 2,000 16 10
August , 139 8 11 1 2,249 e 1 2,388 17 0 - , 2,388 17 0
:3,616 14 10 ‘31,829 19 9:35,446 14 7 2,658 8 132,788 6 6

£ .8. d.
Profit as above mill and cyanide 32,788 6 6
Surplus from realization of gold 269 0 6
Rents,ebc. 401 15 6
Profit on sale of 60,000 shares 15,000 0 0

£48,459 *2 6
SuRvm'oR’s REPORT 01v THE ORE RFSERVES AS AT AUGUST 31, 1895.
East Mine—North Reef
Above Let Level Nil
,, 2nd Level 8,596 tons. Average backs 107 feet.
,, 3rd Level 6,000 ,, ,, 100 ,,
,, 4th Level 3,876 ,,_ ,,> 30 ,,
Total 18,472 tons.

Main Reef.
Above 181: Level . Nil
,, 2nd Level 1,650 tons. Average backs 110 feet.
,, 3rd Level 13,536 ,, ,, 104 ,,
,, 4th Level 21,570 7’ ,, 130 ,,

Total 36,756 tons.

‘ Main Rec Leader. i

Above 1st Level Nil

,, 2nd Level 3,638 tons.
,, 3rd Level 1,692 ,,
,, 4th Level 6,163 ,,

Total 11,493 tons.

Above lst Level South Reef——

f 577 tons.
,, 2nd Level 3,576 ,, Average backs 120 feet.
,, 3rd Level 8,238 ,, ,, 115 ,,
,, 4th Level 4,082 ,, ,, 145 ,,
Total 16,473 tons.
 APPENDIX. 565
West Mine—North Reef.
Above 1st Level Nil
,, 2nd Level 1,238 tons. Average backs 115 feet.
,, 3rd Level 1.762 .. .. 100 ..
,, 4th Level 727 n n 95 1:

Total 3,727 tons.

Main Reef.
Above 1st Level 4,356 tons. Average backs 120 feet.
,, 2nd Level 11,077 71 17 100 11
,, 3rd Level 13,066 ,, 92
,, 4th Level 41061 n n 130 11
,, 5th Level 11692 11 n 110 a:

Total 34,252 tons.

South Ree
Above lst Level 808 tons. Average backs 100 feet.
77 2nd Level 5,740 71 100
77 3rd Level 87461 n 140 11
77 4th Level 20,355 ,, ,, 145 ,,
Total 35,364 tons.

SUMMARY EAST AND W131‘ MINES.

East Mine. West Mine. -'
North
Main Reef
ReefLeader 18,472 tons. North Reef 3,727 tons
36,756 ,, Main Reef 34,252 ,,
11,493 South Reef 35,364 ,,
South Reef . 16,473 ,,
Total 83,194 tons. Total 73,343 tons.

East Mine 83,194 tons.

\Vest Mine 73,343 ,,
Grand total 156,537 tons.

Statement of Liabilities and Assets as at August 31, 1895.

Liabilities. .2 s. d. Assets. £ 8. d. I} 3 <1
To Capital account-— By Property account—
160,000 shares of £1 each .. . 160,000 OQBBQO Q‘INQQ ,, As per last statement 62,668 0 0
,, Standard
Sundry creditors
Bank 3,489 ,, Stand since acquired 277 8 8
3,827
,, Profit and loss account
account-No.
No. 2—bolanco
144151158 31,519 502.9% 8 0
13,000 ., Less 78 claims, Elenzar, sold
—
2,000 0 0
V ——— 60,945 8 t1
,, Minedevelopment . . 28,033 114 6
,, Machinery andplant . 70,872 0 1|
,, Buildings." .. . . 0,395 1311
,, Permanent Works—
Main shaft, west block 9,2112 9 0
Main shaft, east block 6,963 17 8
~ 16,226 6 s
,, Live stock, carts, and harness 839 6 11
,, Furniture... 346 8 8
,, Reservoirs and dams 2,979 19 8
,, Investmentaccount—
18,000 £1 shares in the Eleazar Myn scht
Gold Mining Company (Limited . 18,000 0 0
1 ,. Stores on hand ... 3,159 9 9
I ,,
,.
Sundry debtors
Cash on hand at mine
.. 107
250
10
6
5
10
l .. Gold on hand... . . 6,500 0 0
£214,785 15 4
l £214,785 15 4
566 A PPENDIX.

Statement of Profit and Loss Account, No. 1, for 12 Months ended August 31, 1895.
cost, I it s. 11.
per ton. , By Balance brought forward 4,112 17 5
d. J,‘ n. d. ,, Gold acconnl— _
11 1'60 To Mininz ... 37.527 5 1 l 21,622 oz. 14 dwt. smelted gold from 211111—
} 2'70 ,, Milling 14.2.39 18 ll estimated value _ 78.369 7 10
0 10'86 ,, Salaries 3.050 16 B l 15,900 oz. 11 dwt. smelted gold from cyanide
5 0'00 ,, Minedcvelopment rulemption... 16,854 0 0 ‘ works—estimated value... _ 46,993 01°
0 0'96 ,, Legal expenses 268 2 N ,, Amount realized in excess of valuation of gold
0 3-52 ,, Directors’ rm 087 11 a i won toAugmt 81, um 2w 0 6
0 1'60 ,, Licenses 4!! 5 4 ,, Sundry revenue—
0 1'48 ,, Rentltleaznr... 416 0 0 I Rent-,etc. .. _401 15 6
0 1'20 ,, London ofllce expenses 339 2 2 , ,, Profit on sale of 60,000.‘.‘1 aharesnt 25:. per share 10,000 0 0
0 3'75 ,, Charges 1,063 3 10 l
0 1'33 ,, Employee‘ assurance premiums 375 9 2 r
0 0'16 ,, Fire inaumnceprcmiums . 43 0 0 ,
0 6'60 ,, Interest and discount 1,858 5 8
i 1118 ,, Cyanide working “.062 1 a ‘
., Depreciation... ‘21.052 13 4 ‘
,, Balance 31,619 6 7 1
.En ., a E‘, y 4——— 4—

£141,005 2 1 a 1.144.065 1 1
Profit and Loss Account, No. 2.
£ a. d. 4: s. d.
To Balance 10,00) 0 0 By Estimated profit on sale of 78 Eleazar claims for
18,000 81 shares in the Elonlarhlynpacht Gold
Mining Company, limited... 16.000 0 0
£16,000 0 0 £18,010 0 0

LANGLAAGTE EXPLORATION AND BUILDING COMPANY, LIMITED.

Formed in September, 1895.
CAPITAL—£500,000 in £1 shares; 450,000 shares issued and paid up.
Directors.
J. W. S. LANGERMAN, JAnrs FERGUSON, SPENCER F. FLEISCHER, and R. LILIENFELI).
London Committee.
Jon.\' H. Bu'rr and SIMON MARCUS.
Head Ofl’ice.
Johannesburg, Transvaal.
London Agents and Oflice.
Tun ROBINSON SOUTH AFRICAN BANKING COMPANY, LIMITED, 8, Princes Street, E0.
CAPITAL APPROPRIATION.—
To the vendors—Langlaagte Estate and Gold Mining Company 235,000 shares.
,, ,, Block “ B” Langlaagte Estate Gold Mining Company 125,000 ,,
“Working Capital Shares subscribed at £2 (providing £170,000) 85,000 ,,
Commission... 5,000 ,,
Held in reserve 50,000 ,,

£500,000

PROPERTY.~The Company was formed to take Over from the Langlaagte Estate Company its
private lands at the north of the farm Langlaagte (including the site for the Belgravia township),
together with the mineral rights of the farm Middelfontein, adjoining the northern boundary of
Langlaagte; while the Block B Company transfers its private lands lying between its mynpacht
and the northern boundary of Langlaagte.
GENERAL—Th8 site of the Belgravia township adjoins Fordsburg and Braamfontein, and is
close to Johannesburg. The Boksburg-Krugersdorp Railway passes through its centre. As at
present surveyed, the township consists of 2,840 stands, and this area will probably be increased.
The Company will develop this estate. It will receive a double revenue—first, from the sale of
stands on 99 years leases ; and afterwards from the license money paid in respect of them. It will
erect buildings and houses for letting purposes; and it will also assist people to purchase stands
and to build houses thereon, by advancing money on mortgage at a fair rate of interest. As re
gards the farm Middelfontein, there are indications of reefs; but very little work has hitherto
been done with a view to proving them. The Company, however, is starting active prospecting
gork ;tand there is an idea that the Du Preez or Rietfontein Reef may be found to traverse the
roper y.
 4 asOFTPE
llii-F..'\,\
\UNIVBHSITY
“(p‘

APPENDIX. \.“"r-QAL
. '25.‘""WA'
. 567

NEW STEYN ESTATE GOLD MINES, LIMITED.

(For further notice, see page 299.)

Dmsc'rons’ REPORT roa 'rnn YEAR TO Juse 30, 1895.

At the special general meeting, held on May 13 last, it was stated that 15,000 reserve shares
of the Company had been sold at 308. per share, and the profit on this transaction appears in the
statement now laid before you. The cash in hand on June 30 was £22,900, after the payment of
£3,278 for certain 33 claims on Vlakfontein. The income from prospecting licenses for the past
twelvemonths was £2,693 12s. 7d., and for the current year it may be expected to be about £5,000.
DO0RNKOP.—Sinee about eight months ago the prospects of the mine on Doornkop have not
been as favourable as we had reason to anticipate they would be from the operations carried out up
to that time, and consequently the work on this portion of your property has been confined t1
prospecting from end to end of the ground, and it is still hoped that favourable results will
eventually be obtained.
VLAKFONTEIN.——AS you are aware, the Company owns on this estate a mynpacht. of about 300
claims, and during the year your directors acquired, with your sanction, 376 claims immediately
adjoining the south and west portions of the mynpacht, and known as Henderson’s claims, for
10,000 shares in the Company, and also 33 claims to the north of the mynpacht, known as Dilks‘
Block, for the sum of £3,278. These claims form a very important acquisition, and your directors
are of opinion that they were obtained on very reasonable terms, seeing that ground in the same
neighbourhood has since changed hands at prices far beyond those paid by this Company. It may
be pointed out that the southern boundary of the Roodeport West Deep Level Gold Mining Com
pany and of the Roodepoort Central Deep Level Gold Mining Company now almost adjoin the
northern boundary of your property. At the special general meeting, held on May 13 last, the
enormous value of this ground was pointed out to you, and your directors did not omit to make
known the fact that the capital required for developing and working this ground would be very
large. You then gave your directors power to increase the capital of the Company to £200,000.
Since closing the accounts at June 30 your directors have availed themselves of an offer of 31 8. 6d.
cash per share for 40,000 of these shares, thus increasing the issued capital of your Company to
£190,000, and leaving a balance of 10,000 still to be issued. The cash balance now in hand is over
£80,000, and although this in itself is a strong backbone for your Company, being almost 50 per
cent. of the capital in cash, it is not by any means sufficient, and your Board has under considera
tion the advisability of calling you together at the earliest possible date to lay its views before
you for the purpose of obtaining your sanction to a scheme for raising further working capital.
The option on the unproclaimed portion of Vlakfontein, consisting of 600 morgen, equal to 900
claims, is still running. In conclusion, your directors beg to thank you for the confidence you have
placed in them in the past, and to assure you that they are imbued with the one idea of making
this Company an estate Company in the best sense of the word.

Balance-sheet as at June 30, 1895.

Liabilities. e n. d. .e s. d. . Ame. .c I. 1!. £ a d
To Capital account, as per last By Property account, as per last
statement .. 125.000 0 0 statement 105,000 0 0
,. Reserve shares sold 15,000 0 0 ,, Shares issued in payment of
,, Increase of capital for purchase 400 claims (more or lens) on
or 400claims (more or less). \‘lakfontwin, authorized by
authorised nta eneral meet- shareholders in general meet
ingot shaleholt ers,held May ing, held on May 30. 1895 10,000 0 0
13, 1895 .. 10.000 0 0 ,, Cash paid tor33claims on \ lak
' ~ 50 , fontein 3,278 o o
..
., Sundry
Balance creditors
to credit of profit and loss account 1.4M 11 ' l ,,,, Development
Machinery
Buildings
Tree planting
andaccount
plant *4 116,278 a I‘QO
O Q XOQ
.. . 0,675 H
1.”! l"
1,07! 5
200 “\INQOO
l ,,
,. Insurance
Live stock account (premiums paid in advance) Gone ..
~ ,, Vlakl'ontoin Mynpacht licenses paid in advance u

,.
,, Sundry
Option for
debtors
right of purchase of unproclaimed
_
,, One
portion
hundred
of the
Transvaal
Farm Vlakl'nnlein
fives

purchased at £1141 (£10,000) £11,450 0 0

,. Cash on hand at Natal Hank 10,117 13 0
‘ ., Cash on hand at mine
l Ws1 10i 11- 21,019 4. a
£351,448 3 0 £151.!” 3 0
508 APPENDIX.
Profit and Loss Account as at June 30, 1895.
1} I. d. {I I. d. 2 s. d.
To Balance at. June 31, 1894 8,311 H -1 ’ By Revenue account—
., Salaries ... . £180 0 0 = ,, Licenses and ren'u 2,603 12 7
,. Charges 250 17 6 ,, Interest on sundry loans 570 10 3
,, Licenses 364 5 0 l * 3,21“ ‘l l’)
,, Insurance 3 15 0 ,, Profit on reserve shares (15,030 £1 shares held at
-» n —A ~ 817 17 6 30s.) 7.500 0 0
Balance 1,414 11 0
210,71“ 3 11 210,7!“ 2 I"

RAND CENTRAL ORE REDUCTION COMPANY, LIMITED.

(See also full nofiee in. Volume II.)

EXTRACT FROM THIRD ANNUAL REPORT, FOR THE YEAR ENDING JUNE 30, 1895.
Profits: During the year a net profit of £40,769 Os. 9d. was made, which, with the amount
brought forward from the previous year, gives an available balance of £45,310 38. 3d., which has
been disposed of as follows :— '
£ ' s. d.
20 per cent. on the ordinary shares, £120,000 24,000 0
5 per cent. additional dividend .. 6 000 O 0
To holders of 1,000 founders’ shares 6,000 0 0
36,000 0 0
To new account 9,310 3 3
£45,310 3 3

Depreciation : The large amount of £23,231 153. has been written 011' the plant, etc.
Reserve Fund: Now stands at £22,445 38. 3d.
Suspense Account: Provision has been made for the royalty claimed by the McArthur Forest
patents, pending the decision of the validity of the patent. £20,538 188. stands to the Credit of
this account.
_ (_I'apital Expenditure: During the year, £45,244 12s. 5d. has been expended on new works,
prmclpally on the Robinson slimes plant and central works.
Experimental Department : This stands debited with £1,898 19s. 501., which has been written
off. Expenditure under this head has led to the acquisition of an interest in the Sulman patents.
Assets : The liquid assets of the Company have further increased during the year as follows :
£ 8. d.
Concentrates, tailings, etc., paid for 57,277 9 8
Stores on hand and live stock, paid for 32,302 15 8
Cash on hand in South Africa. and Europe 12,688 16 4
Gold in transit 15,598 15 10
£117,867 17 6
While the current liabilities (wages, trade accounts,
etc), all since paid, amount to 20,926 15 5

Leaving a balance of £96,941 2 1

_ Mr. Charles Butters, the Managing Director, states: The Siemens-Halske process has been
introduced by various companies. The plant at the Worcester Company was started in May, 1894,
and treated regularly 3,000 tons per month. The next plant was erected at the Metropolitan mine,
g‘épggg’y 5,000 tons, and commenced operations in November, 1894, since which time it has treated
one“! ltons of tailings and produced 4,845 oz. of gold. The May Consolidated plant is the third
6 “it, and IS treating 6,000 tons a month. The extraction is 80 per cent., and the cost about
 APPENDIX. 569
2s. 4d. per ton, excluding royalty—3 per cent. The fourth plant is the Croesus plant, capacity
6,000 tons. Plants now using the Siemens process :—
, i Name. Capacity. Average per month.
\Vorcester 3,000 tons 700 ounces
Metropolitan ... ... 4,500 ,, ... ... 600 ,,
May Consolidated 6,000 ,, 1,000 ' ,,
Crmsus Gold Mining Company 6,000 ,, 500 ,,
No.‘ 4 Central Works 5,000 ,, 800 ,,
Robinson slimes plant 8,000 ,, ——
Companies which have decided to use the Siemens plant :—
Name of company, Capacity.
Simmer and Jack 8,000 tons
Van Ryn Estate 9,000 ,,
Van Ryn \Vest 8,000 ,,
Crown Reef Slimes Plant 8,000 ,,
CYANIDE \Vonns :—
No.,1 Works, liloozlfontein—All contracts completed; plant has been removed. ‘7,000 tons of
6-dwt. slimesremain untreated, which stand in at £1, representing a handsome value.
No.- 2 Works—Contracts also completed; plant removed. 10,000 tons of low grade slimes
remain here, standing in the banks at the nominal value of £1.
No. 3 Works at lllaraisburg.—Plant busy treating tailings from the Aurora \Vest, Star, Main
Reef, Angle-Tharsis, and Croesus Companies.
No. 4 Works (Central).—A new plant has been built to treat acid tailings, slimes, and waste
mixtures of sand and slimes accumulated from the Wemmer to the Metropolitan. The first three
products are now being treated, being about 70 per cent. of the whole material; the balance is
stored in dams. The works have a capacity of 5,000 tons per month. In connection with this, a
dam with a capacity of 5,000,000 gals. has been constructed.
No. 5 Works, Simmer and Jack.—The Simmer has taken over three-fifths of the works for a
period of six to nine months. The Central Ore Reduction Company will only treat about 50,000
tons in the coming year, as against 184,200 tons in the previous one.
_,No- 6 Works, Worcester—These continue to be at work, and show the lowest cost of treatment
of any of the Company’s plants.
.Np,,7 Works, Metropolitan—The Siemens process worked the tailings of the Company for
July,at. the low cost of 2s. 5d. per ton. The Metropolitan Company takes over the plant from
November 1, 1895.
New 8 Works, Robinson ,Slimc Plant—The contract for treating half a million tons of slimes
was entered into in the beginning of 1895. The plant and construction will cost £40,000. These
works will be run under the supervision of Mr. von Gernet.
No. 9 Works, Crown Reef Slimes.—This is a new contract, for the treatment of 100,000 tons
of slimes. The plant will be ready at the end of the year.
. Tailings on hand and contracted for up to June, 1895, amount to 982,000 tons.
CHLORINATXON VVORKs—The following table shows the results obtained :—
Concentrates treated 3,230 tons.
Gold recovered 12,368 ounces.
Bullion recovered ;, 13,242 ounces.
Recovery by chlorination process 9945 per cent.
CONSTRUCTION DEPARTMEN'L—The Company undertakes the erection of plant, etc. The
Metropolitan plant (4,500 tons), May Consolidated and Croesus (each 6,000 tons), were constructed
by the Company.
. Sunnis TREATMENt—Tbe Managing Director reports on this question as follows: The test
of any process is its ability‘to precipitate the very dilute cyanide solutions obtained in the treat
mentof slimes. Successful slime treatment to-day is only possible by means of the use of the
Siemens’ process to precipitate the gold from the dilute liquors without the loss of cyanide. Abso
lute precipitation of the gold contained is merely a question of the right box capacity to give
sufficient circulation to the solution and expose it long enough to the action of the current. Ex
perience gives the fiollowing results: We find that, with a box inside 30 ft. long, 4 ft. 71 in. wide,
and 9 ft. high, containing 121 plates of steel, 4 it. (i in. x 8 ft. x 3-16 in. as anodes, and having
as cathodes 120 frames containing 4 sheets of lead, each 4 x 2 ft., 48) sheets, containing
8 sq. ft. each, equal to 480 x 8, equal to 3,840 sq. it. lead, each plate equalling 22 oz., we can
 570 A PPEN DIX.

precipitate 50 tons solution per day from 2 dwt. of gold to a trace only per ton. These results have
been confirmed by Mr. Williams. Solution travelling a distance of 120 ft. by 8, equalling 960 ft.,
by circulating round each plate, and going this distance in 145 hours, the box holding about 30 tons
of solution, the speed of flow being equal to about 1 ft. per minute. The iron plates are estimated
to stand 5 years, while the lead plates are renewed as often as the box is cleaned up, the lead
being charged with an average of 2 per cent. to 8 per cent. of gold. The probability is that the
working capacity of the boxes will be gradually increased. In fact, 50 per cent. more solution can
be safely put through a box in 24 hours if it is not necessary to have complete precipitation ; this
is only required with the final washes. Mr. John Williams, consulting metallurgist to the Crown
Reef Gold Mining Company, in investigating the capacity of the precipitation boxes for his Com
pany for use in their new slime plant, obtained the following results: From the treatment of
24 tons of liquor in 24 hours through a Siemens box at our central station :—

Results obtained by Mr. John R. Williams with a boat containing 56 plates of size
mentioned above.

No’ of Test Tlme' Originals 2 dwt. 12 gr.

after precipitation. ‘005 per cent.
strength H.Cy.
of cyanide.

1 3 hours 1 dwt. 4 gr. ‘004 per cent. H.Cy.

2 o ,, l 20 ,,
3 9 ,, i 12 ,,
4 12 ,, ‘ 8 ,, ‘004 per cent.
5 15 ,, 1 4 ,,
6 18 ,, , 2 ,, '004 per cent.
7 21 ,, 1, Less than 9; ,,
8 24 ,, ‘ 0 ,, ‘004 per cent.

Statistics of the Cyanide Works of the Company, July 1, 1894, to June 30, 1895.
r l i
g a? 5.?) Average of Extraction. i . Recovered. “nu. of yield ig
Works 6%.: g; ‘*r , @135 stfiperoz. 15:5
2 E g F2 2 Originals. Residues. Theo. Actual 6'; Bullion. Fine gold. fine‘ z, 3 g
7*’ i l _ mm! 11M- i: This. nil per ct.‘ per ct lbs. oz. —'ouz.i_fl 2 a. l. 7 d. l

Mooifontein ...‘ 5 ,954 5 13-5 ‘ 282 1 04-2 59-2 1-53 2,164'85 1,031-49 6,528 12 s 8 51:
United Langlaagtel 5 12,211 2 17‘5 , 15‘9 ‘ 75'? "86'6 ‘67 1,894'26 1,448'16 5,772 12 9 3 8'3
JMarmsAbtu-g M , 12 72,864 3 6'2 ‘ 21'3 , 72‘3 69'6 '81 11,354'11 8,261'85 33,045 10 2 4 2'0
oint ccount ain ,
Reef i 3 5,808 3 8'3 ‘ 1 0'6 69'3 76'1 '98 1,061'18 73990 2,959 12 0 i 4 4'?
Central Works l a 11,862 1 0 5'8 1 11'6 70-2 691 '80 3,0629‘; 2,45000 9,800 7 s I 5 1'2
Simmer and Jack... 12 134,200 3 162 1 0'2 72'0 702 '7 30,845'69 23,754‘80 95,019 4 0 3 6'7
Worcester (Siemens 1 i l l
MProcess) S... 12 33,700 i 6 1‘5 ‘’ 1 12‘3 75'0 73'? '28 8,477'69 7,531'92 30,137 17 10 3 6'9
etropolitan ( ic
mens Process) 8 26,909 4 15'3 I 1 5'5 T313 69 '3 39 4,844'84 4,342'41 17,377 5 7 3 4'5
summary . — 357,003 — v —— [ —- — — 03,705'55 50,155‘62 200,038 2 8 —
Average _ - 3 23'6 \ 1 1-9 , 72-9 716 no - — — 3 10 O‘i

' Excess of actual over theoretical extraction caused through final clean up.

This table proves clearly the advantages of the Siemens process. The consumption of cyanide
as well as the cost of working will be seen to be very much lower at the \Vorcester and Metro
politan plants than at others. The low cost at the Simmer Works is due to the large amount of
tailings treated. Altogether 245,891 lbs. of cyanide were used. The cost of treatment amounts for
all works to £69,194. The average value of yield per ton is 11.9. 5d. The tailings contained,
according to assays, 71,138 oz., of which 50,155 oz. were extracted, which is equivalent to a loss of
20,983 oz. fine gold, of the value of £83,932. This shows that there still remains a wide margin
for improvement in the methods of extraction.
From July 1, 1894, to June 30, 1895, the whole Rand produced 2,163,970 oz. bullion gold, of
which 738,413 oz. were derived from tailings. Consequently our Company contributed (including
13,1242 oz. chlorination gold) 3'5 per cent. of the total output, and 86 per cent. of the output from
an mgs. 4
57I

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 \1 N APPENDIX.
U1

Balance-sheet, as at June 30, 1895.

Liabilities. £ a. d.
I Assets. I“ a P‘
To Capital account— 13 s. (1. By Permanent site 2,282 GHIP-QC' v—OICi-O
Ordinary shares, 124,000 at £1 124,000 0 0 ,’ Chlorination works 12,241 hit-lea

Founders‘ shares, 1,000 at 21 1,000 0 0 9, Cyanide Works, Nos. 1 to 6 46,586

I! Workshops . . 4,757
£125,000 0 0 I! Robinson plant 23,586
Less 4,000 ordinary reserve Sundry buildings— .1.‘ s. d.
Less
shares
1 founder
at £1reserve share Manager's house 2,273 6 B
Assn
General
otiice
oflices } 4,829 14 4
at .21... 4,001 0 0
' £120,999 0 0 Sme ting and refining works
,, Reserve fund 2,220 0 0 Staff quarters .. 695 3 8
,, Premium account— Workmen's quarters 1,082 6 10
Premiums derived fromshares issued 10,925 0 0 Boarding house 700 11 10
,, Wages (whites), due June 30 (since paid) 3,176 12 9 Kaflir compound 912 18 7
,, Bills payable (since paid) .. .. 1,608 5 8 Stables 1,106 13 11
,, Sundrycreditors (since paid) 16,141 17 0 11,050 15 10
,, Agencies— Merchandise at central store 23,2317 1
Berlin agency 251 19 4 Merchandise——
London agency 114 18 5 At No. 3 store 379 6 8
——_— 36617 0 ,, a ,, 102 9 s
,, Suspense account— ,, 6 ,, 171 15 4
Claims in dispute 20,638 1 0 ,, 7 ,. 17018 6
,. Siemens & Halske consignment account— ,, Robinson store, material
(Machiner
,, Medical fundy consigned) .. 2,284
112 10
-t 09 for construction 0,003 1 2
7,82611 G~¢l¢§q¢u~
Directors’ fees — H Live-stock 1,221 7
For fees unpaid :IButters— _2,oas 0 0 ,0 Wagons and harness .. 1,286 1
Remuneration to Mr. H Laboratory apparatus and fixtures 14017
For remuneration unpaid 2,459 010 II Furniture in general oflices 071 s
Balance 45,310 3 3 II Gold in transit 15.60815 _

n Sundry debtors 1,627 a

I. Patent rights acquired 1,661
II Cash—
In so. I '1

,, bank 261 10 8
,, native passes 34 2 0
l s :c
0.1:
Investment
(7 per cent.
account
Chamber of Mines Debentures.) 200 0
D’ Treasury claims .. 1,220 0
I. Concentrates, tailings, etc., on hand 57,277 11
O, Deutsche Bank, Berlin . 11,959 13
(Cash on Deposit.)

£228,180 11 0 .e-lzsuso 11 n

Profit and Loss Account No. 1.

£ a. d. E s.
'l‘o Salaries and ollice expenses .. 6,881 e 0 By Profit on cyanide and chlorination operations 79,151 9
9' Stationery, etc.
Fire insurance .. 692 8 0 ,, Profit 011 workshops, patent rights and sundries 6,570 17 s
I’ . 235 .311
,, General
D, Goodwill
Experimental
charges
account
account
written
written
01! 011‘ 8,441 811
1,8981%! 5
2,300 0 0
Interest account .. 912 1 4
Law
Sundry
charges
account (irrecoverable) . 283 9 8
. 77 4 4
Depreciation written 011‘— £ a. d.
Permnnent site 07 8 3
Chlorination
Cyanide works,
works
No. 1 to 6 1,21510 9
11,254 911
Sundry
Wagons
Furniture
Workshops
Live-stock
buildings
and harness .. 896 0 2
83912 7
203 1 5
305 8 0
321 10 5
Patent rights acquired 128 4 9
-—— A 15,231 5 0
Special depreciation—
On works, etc. s,000 0 0
Balance 40,760 0 9

£86,722 7 4

Profit and Loss Account No. 2.

£3 s.(l.|[ I. 1.1
To Directors’ fees— By Balance
Balance—June
from profit
30, 1894
and loss account No. 1 Ol. ‘@10
5 per cent. on £10,709 011.941.
., Remuneration to Mr. Charles Butters, intern-is
2,(BS 90‘ _$=> e
‘I

of agreement .~. 2.450 010

,, Balance ... 46,310 3 3
£49,807 13 1 .349,8)7 13 1

GENERAL REMARKS—AS will be seen from the foregoing the Siemens patent constitutes a
most valuable asset of the Company. Its chief advantage consists in the ability to precipitate the
 APPENDIX. 573
gold perfectly from a solution exceedingly weak in gold and cyanide without decomposing that
chemical; hence the great economy. The difficulty of treating the bullion has been overcome.
The lead is parted from the gold and silver by means of cupelling, giving bars, as asserted, of much
higher fineness than can be obtained by using the zinc process. An 80 per cent. extraction of the
gold content of the tailings at the May Consolidated Gold Mining Company at the record cost
on the Witwatersrand of 2s. 4d. per ton, speaks best for the adaptability of the process. The
Company has the great advantage of having at the head of its affairs, in Mr. Charles Butters, a
man of superior ability and energy, who ranks foremost among the metallurgical authorities in
South Africa, and who has done much towards obtaining a higher extraction of gold from the ore.
Mr. A. von Gernet is also rendering most useful services.

RESEARCH AND DEVELOPMENT COMPANY, LIMITED.

Formed in June, 1895.
CAPITAL—£300,000 in £1 shares, all issued.
Directors.
ISAAC LEWIS, CLAUDE VINCENT, and H. CRAWFORD.
Joint General Managers.
P. and A. FRIEDLANDER.
Secretary and Head Ofl'ice.
J. H. MANISTY, Johannesburg, Transvaal.
London Agency.
NVarnford Court, Throgmorton Street, E.C.
Onmc'rs OF THE COMPANY: To conduct mining and financial operations in connection with
South African enterprises.

ROBINSON SOUTH AFRICAN BANKING COMPANY, LIMITED.

Formed in August, 1895.
CAPITAL—£3,000,000 in 744,000 ordinary and 6,000 deferred shares of £4 each ; all issued and
fully paid up.
Directors. 7
J. B. ROBINSON (Chairman), and MAURICE Masons, in London; 'and BARON HELY n’OIssaL
and BARON DELLASSUS ST. Games, in Paris.
General Manager. Manager. Secretary.
JAims TYHURST. J. H. Burr. JAims Wrs'r.
Manager at Johannesburg.
H. DUVAL.
Head Ofice.
8, Princes Street, E0.
(Shortly to be removed to 1, Bank Buildings, Lothbury, E.C.)
Correspondents and Branch Oflice in Paris.
Société Générale pour favorisér 1e Développement du Commerce at de I’Industrie en France,
56, Rue de Provence, Paris.
Branch Oflice in the Transvaal.
Johannesburg.
CAPITAL—In the division of net profits, the ordinary shares are first entitled to a dividend at
the rate of 6 per cent. per annum. Of the surplus, 10 per cent. is to be carried to reserve until the
fund is equal to the paid-up capital, 20 per cent. is divisible in respect of the deferred shares, and
the balance is available for a further dividend on the ordinary shares.
OBJEc'rs—The Company has been formed to carry on an ordinary banking business, and, in
addition, to conduct a general financial business in connection with Rand mining and other pro
perties. It has taken over the London agencies of the following companies as from October 1,
574 APPENDIX.
1895 :—Langlaagte Estate and Gold Mining Company, Limited; Block B Langlaagte Estate Gold
Mining Company, Limited ; Randfontein Estates Gold Mining Company (Witwatersrand), Limited ;
Langlaagte Star Gold Mining Company, Limited; North Randfontein Gold Mining Company,
Limited; Robinson Diamond Mining Company, Limited ; Robinson-Randfontein Gold Mining
Company, Limited; Porges-Randfontein Gold Mining Company, Limited.
GENERAL—Banking business was started on October 1, 1895, but the Company’s financial
business started some weeks previously. Large interests in the Langlaagte Estate and Randfon
tein Estates Companies have been sold to the bank by Mr. Robinson. The Company has further
taken interests in the flotation of the Langlaagte Building and Exploration Company, the Block
“ A ” Randfontein Gold Mining Company, and the Mynpacht Randfontein Gold Mining Company.

RAND NIGEL, LIMITED.

Formed in 1895.
CAPITAL—£120,000 in £1 shares ; 90,000 shares issued and fully paid up.
FINANCIAL—The property formerly belonged to the Marais Nigel Gold Mining Company
This Company has recently been reconstructed by Messrs. G. and L. Albu.
Old shareholders received 60,000 shares.
Subscribed by Messrs. G. and L. Albu 30,000 ,, at £1.
Reserve, under option to guarantors 30,000 ,,

£120,000
PROPER'1‘Y.—-Consists of about 220 claims on the farm Bultfontein, I-Igdelberg district. (For
plan, see Volume III.)

WOLHUTER GOLD MINING COMPANY, LIMITED.

Coxnnxsnn Dnscmr'rlox or THE MINE AND DEVELOPMENT.
(For full notice see page 464.)
PROPERTY.—Consists of (l) a mynpacht, in extent 42 claims.
,, (2) mining claims, in extent 151 ,,
Total claim, holding 193 claims.

Of these 187 claims are on and south of the Main Reef series. The property consists of eight
rows of claims distributed as follows :—
Outcrop claims 7'50 claims.
1st row of dip . l4 ,,
2nd ,, 14 ,,
3rd ,, 36 ,, Of these 8 are south of Meyer & Charl
ton, 8 south of Spes Bona, and 6 south
of George Goch.
4th ,, 27 ,, Of these 8 are south of Spes Bona, and 7
south of George Goch.
6th ,, 2!) ,, Of these 8 are south of Spes Bona, and 7
south of George Goch.
6th ,, 28 ,, Of these 8 are south of Spes Bona, and 7
south of George Goch.
7th ,, 31 ,, Of these 8 are south of Spes Bona, and 8
south of George Goch.
Total mining area 186% claims.
On mynpacht, north of reef 7 ,,
Total area 193;‘,~ ,,

Taking the total of three reefs which the Company is working, the tonnage per claim should
exceed 40,000 tons per claim, which is equal to over 711; million tons.
 APPENDIX. 575

REEFs.—The Company is working three reefs—the South Reef, the Main Reef, and the Main
Reef Leader. The Main Reef and Leader have an average width of about 5 ft. The South Reef
varies from 6 in. to 12 in.‘
ORE REERVm.—The ore reserves at date amount to over 200,000 tons. The mine is being
developed so as to add 10,000 tons every month to the ore reserves. These are sufficient to keep
a 100-stamp mill (crushing five tons per head per day) supplied for sixteen months, which proves
that the mine is in an advanced state of development.
RETURNS AND Yuma—During the last twelve months
42,403 tons were crushed, and yielded 20,725 oz. = 9'77 dwt. per ton.
33,390 ,, ,, ,, 9,036 ,, = 5'77 ,,
15'54 ,,

\Vith the increased milling power the yield will be somewhat reduced.
MINING DEVElDPMEN'I‘.—All the work is as yet confined to the outcrop claims and the first
row of dip. The claims are being exploited by means of two shafts. The depth of No. 1 incline
shaft is beyond 780 ft. At about this depth the 6th level has been started. Another incline shaft,
known as No. 2, was started in June, 1895, and has at date reached a depth of 245 ft. A new ver
tical deep level shaft is to be started, and will be located on the 3rd dip south of the Spes Bone.
and George Goch mines. This shaft will develop all the deep level ground. It is estimated that
it will strike the Main Reef series at something over 1,000 ft.
MILL—At present this consists of 90 stamps, of which 50 are new Fraser & Chalmers (1,050
lbs. weight). 50 more of the same type are being added. By February, 1895, the latter are ex
pected to be in working order. It will be reasonable to base one’s calculations for immediate results
upon 100 stamps, crushing monthly 14,000 tons, as the old 40 stamps are gradually getting worn
out.
DML—The Company has recently constructed a dam on the Natal spruit. It hasza capacity of
about 20,000,000 gallons. The water ispumped into a. reservoir, and from there gravitates to
the reduction plant.
CYANIDE PLANT—This plant has a capacity for treating the product of a 100-stamp mill.
 INDEX TO VOLUME L

___+__‘___

PAGE

Agnes Munro Gold Mining Company .“1,486

Alexandra Estate and Gold Mining Company
Alexandra Syndicate (see Main Reef Gold Mining Company) 210
Amatola Estate (see Klipfontein Estate and Gold Mining Company) 181
Angelo Mines (see Consolidated An gle-Tharsis Gold Mining Company)
Angle-Tharsis
49
Apex
Aurora.
Mines...
Gold Mining Company
7,486,514
Aurora West United Gold Mining Company 11
Balmoral Main Reef Gold Mining Company 14,496
Banket Gold Mining Company .. 16,486
Bantjes Consolidated Mines .“ 17
Bantjes Reef Gold Mining Company 18,488
Barnato Bank, Mining and Estate Corporatio
Barnato Consolidated Mines 651
Barrett’s Rietfontein Syndicate 19
Battery Reef Gold (see Luipaard’s "lei Estate and Gold Mining Company)
Battery Reef Extension (see Lancaster Gold Mining Company) 182
Beatrice (see New Spes Bona Gold Mining Company) 298
Benoni Claim, Gold Mining and Exploration Syndicate 19
Benoni Gold Mines . 22
Big Block Gold (see African Gold Properties in "olume lI.)
Bixley (see George and May Gold Mining Company) 130
Black Reef Gold Mining Company (see East Orion Gold Mining Company) 8%)
Black Reef Proprietary Company 22
Block “ A
B ” Deep
Randfontein
Level (see
GoldLanglaagte
Mining Company
Block “B ” Deep Level Gold Mining Company) 23
183
Blue Sky
Block “ B"(see New BlueEstate
Langlaagte Sky Gold
GoldMining
MiningCompany)
Company .. 23, 506
.. 238
Bohemian Gold Mining Company .. 30
Botha’s
Bonanza
Britannia
Britannia
Reef
(see
(seeGold
Windsor
Mining
Gold
Company
Mining (see
Company)
George and May Gold Mining Company) 31
130
458
458

Cason Block
Central Langlaagte
(see East
(sec
Rand
Paarl
Central
Central
Gold
Gold
Mining
Mining
Company)
and Exploration Company) 89
821
Central Roodepoort
Nigel Deep Deep (see Roodepoort Central Deep) .. 32
378
Champ d’Or Deep Level Gold Mining Company 33, 490
Champ d’Or (French) Gold Mining Company (see Le Champ d’Or French Gold Mining Company) 201
Chimes Gold
Deep Mining
Levels Company (see New Chimes Gold Mining Company) 35
239
VOL. I. 57'! PP
578 INDEX TO VOLUME 1.

race
Chimes Mines 562
Chimes West 36
Cinderella. Gold Mining Company 36
Citizen Gold Mining Company (see New Rand Gold Mines) 290
City and Suburban Gold Mining and Estate Company 37, 490, 540
Comet Main Reef (see New Comet Gold Mining Company) .. 246
Compagnie Générale des Mines d’Or (see French Rand Gold Mining Company) 111
Consolidated Angle-Tharsis Gold Mining Company 49, 486, 490, 580
Consolidated Deep Levels . 51
Consolidated Gold Fields of South Africa (see also Vol. II.) 552
Cornucopia Gold Mining Company 53, 492
Crmsus Deep Level Gold Mining Company (see New Croesus Gold Mining Company) 249
Crmsus Gold Mining Company (see New Croesus Gold Mining Company) 249
Crown .. 53
Crown Reef Gold Mining Company 54, 492, 540

Deep Level Development Company (see Consolidated Deep Levels) 51

Doornkop Gold Mining Company . 78, 492
Dricfontein Consolidated Mines... . 78
Driefontein Gold Mining Company 80
Du Preez Gold Mining Company (see New Rietfontein Estate Gold Mines) 290, 492
Durban Roodepoort Deep... 82
Durban Roodepoort Deep Level Gold Mining Company (sec Durban Roodepoort Gold Mining Co.) . . . 82
Durban Roodepoort Gold Mining Company . .. 82, 494

Eagle Gold Mining Company (see New Unified Gold Mining Company) 302
East Nigel Gold Mining Company .. 88
East Orion Gold Mining Company 89, 488, 514
East Rand Central Gold Mining Company 89
East Rand Proprietary Mines 90, 494
East Rand Syndicate .. 96
East Roodepoort (see Roodepoort United Main Reef Gold Mining Company) 381, 494
East Roodepoort Deep 556
Edinburgh Gold Mining Company (see New Unified Gold Mining Company) 302, 494
Eerste Fabrieken Hatherloy Distillery (see also Vol. II.) . 556
Emma Gold Mining Company (see York Gold Mining Company) 484, 494
Enterprise Gold Mining Company (now part of Roodepoort United Main Reef) 381, 494
Ethel Gold Mining Company (see Roodepoort United Main Reef Gold Mining Company) 381, 494
Evelyn Gold Mining Company .. 98
Ex-Robinson Deep Level Syndicate (see Robinson 'Gold Mining Company) 364

Fern Gold Mining Company (see Rip Gold Mining Company) 362
Ferreira Gold Mining Company... 98, 496
Florence Gold Mining Company (see Chimes West)... .. 86
Florida Gold Mining Company (see New Florida Gold Mining Company) 253
French Rand Gold Mining Company 111
French Western Nigel . . 113

Gardner Main Reef Gold Mining Company 113

Geldenhuis Deep 113
Geldenhuis Estate and Gold Mining Company 118, 496, 540
Geldenhuis Main Reef Gold Mining Company 126, 498
Geldenhuis West (sec Treasury Gold Mining Company) 416
George and May Gold Mining Company - 130, 488, 498
George Goch Amalgamated Gold Mining Company . 135, 498, 541, 558
o. Syndicate 140

.. V
‘__.__-_ ‘QM
_____-—_
 INDEX TO VOLUME I. 579

ram:
Ginsberg Gold Mining Company 140, 498
Gipsy Beef Gold Mining Company (see New Gipsy Gold Mining Company) 253
Glencairn Main Reef Gold Mining Company... 141, 500, 541
Glen Deep 146
Glen Luce Gold Mining Company 146, 506
Golden Kopje Gold Mining Company (see New Golden Kopje) 254
Gold Fields Deep 147
Gordon Estate and Gold Mining Company 149
Great Britain Gold Mining and Estate Company 150, 500
Grey’s Mynpacht Developing Syndicate 152
Grosvenor (see Rand Southern Gold Mining Company) 361

Heidelberg Gold Mines . 152

Heidelberg Roodepoort Gold Mining Company (see New Heidelberg Roodepoort G. M. 00.)... 255
Henderson’s Nigel... 152
Henry Nourse Deep Level Gold Mining Company (see Nourse Deep) 313
Henry Nourse Gold Mining Company 153, 502, 541
Heriot Gold Mining Company (see New Heriot Gold Mining Company) 256
Hetty Gold Mine 168
H. F. Syndicate _ 164
Horsham Monitor Syndicate 165
Howick and Rockley (see Middle Black Reef Gold Mining Company) 235

Ida Gold Mining Company (sec Roodepoort Deep Level Gold Mining Company) 378, 500

Johannesburg Pioneer Gold Mining Company 165, 502, 541

Jubilee Gold MiningCompany 170,501
Jumpers Deep 174
Jumpers Gold Mining Company 176, 604, .342

Kambula Syndicate (see Robinson Gold Mining Company) 364, 504

Kimberley Roodepoort Gold Mining Company (see Roodepoort Gold Mining Company) 380
King Solomon’s Mines (sec Le Champ d’Or French Gold Mining Company) 201
Kleinfontein Central Gold Mining Company la)
Kleinfontein Gold Mining Company (see New Kleinfontein Gold Mining Company) 265
Klein Paardekraal Estate (see Main Reef Gold Mining Company) 210
Klipfontein Estate and Gold Mining Company .. 181
Knight’s (see Witwatersrand Gold Mining Company) 459
Knight’s Central . 181
Knight’s Deep 182
Knight’s Tribute (see Glen Luce Gold Mining Company) 146

Lancaster Gold Mining Company . 182, 506

Langlaagte Block “ B ” (see Block “B ” Langlaagte Estate Gold Mining Company) 23
Langlaagte Block “B ” Deep Level Gold Mining Company 183
Langlaagte Deep 181
Langlaagte Estate and Gold Mining Company 184, 506
Langlaagte Exploration and Building Company ... 566
Langlaagte Main Reef Gold Mining Company (see United Lnnglaagte Gold Mining Company) 420
Langlaagte Royal Deep Level Company (806 Langlaagte Royal Gold Mining Company) 196
Langlaagte Royal Gold Mining Company 196, 508
Langlaagte Star Gold Mining Company . 2(1), 530
Langlaagte United Gold Mining Company (see United Langlaagte Gold Mining Company) 420, 508
Le Champ d’Or French Gold Mining Company .. . . 201, 490, 504
Lily Main Reef Gold Mining Company (see Bohemian Gold Mining Comm-By) 30
Luipaard‘s Vlei Estate and Gold Mining Company... . . 21B, 508, 510
580 INDEX 10 VOLUME 1.
“as
Madeline Witwatersrand (see South West Rand Mines) 412
Main Reef Gold Mining Company 210, 510
Marais Nigel (see Nigel Gold Mining Company) 306
Marais Reef (see Rand Nigel) 574
Marie Louise Gold Mining Company 214
Marievale Nigel Gold Mines and Estate ... 214
May Consolidated Gold Mining Company 215, 510, 542
May Deep Level Gold Mining Company (see New Primrose Gold Mining Company) 282, 510
Metropolitan Gold Mining Company 221, 512, 542
Meyer and Charlton Gold Mining Company 226, 512, 542
Meyer and Leeb Gold Mining Company 233, 512
Midas Battery Reef (see Champ d’Or Deep Level Gold Mining Company) 33, 512
Midas Black Reef Estate (see New Midas Estate) 274
Middelvlei Estate and Gold Mining Company 234
Middle Black Reef Gold Mining Company 285, 502
Minerva Gold Mining Company 2&5
Modderfontein “ B” (see Modderfontein Extension)... 236
Modderfontein Extension Gold Mining Company 236
Modderfontein Gold Mining Company (see New Modderfontein Gold Mining Company) 275
Molyneux Mines Consolidated 236
Monarch Gold Mining Company (see Lancaster Gold Mining Company) 182
Monitor (see Horsham Monitor Syndicate) 165
Moss Rose Extension (see New Primrose Gold Mining Company) 282
Moss Rose Gold Mining Company (see New Primrose Gold Mining Company) m 514
Mulder’s Farm (see Orion Gold Mining Company) 316
Mynpaeht Randfontein Gold Mining Company 287

Nabob Gold Mining Company (see Consolidated Angle-Tharsis Gold Mining Company) 49, 514
National Gold Mining Company (see New Unified Gold Mining Company) 802, 514
New Aurora West Gold Mining Company (sec Aurora West United Gold Mining Company) 11
New Black Reef Gold Mining Company (see East Orion Gold Mining Company) 89
New Blue Sky Gold Mining Company... 238, 488, 516
New Chimes Gold Mining Company 239, 490, 516, 543
New Comet Gold Mining Company 246, 516
New Croesus Gold Mining Company ... 249, 492, 508, 516
New Edinburgh Gold Mining Company (see New Unified Gold Mining Company) 302
New Florida Gold Mining Company 258
New Gipsy Gold Mining Company 253, 500, 516
New Golden Kopjc... 254, 5(1)
New Grahamstown Gold Mining Company (see Jubilee Gold Mining Company) 170, 500, 516
New Great Britain (see Great Britain Gold Mining and Estate Company) 150
New Heidelberg Exploration Syndicate 255
New Heidelberg Roodepoort Gold Mining Company 255
New Heriot Gold Mining Company 256, 502, 516, 543
New Kleinfontein Gold Mining Company 265, 506, 516, 548
New Midas Estate and Gold Mining Company 274, 516
New Modderfontein Gold Mining Company 275, 514
New Moss Rose Main Reef Gold Mining Company (see New Primrose Gold Mining Company) ‘282
New Orion Gold Mining Company (see Orion Gold Mining Company) 316
New Primrose Gold Mining Company... . . 282, 518, 522, 543
New Rand Gold Mines 290, 490
New Rietfontein Deep Level Gold Mining Company (see New Rietfontein Estate Gold Mines) 290
New Rietfontein Estate Gold Mines 290, 518, 524, 544
New St. Angelo Gold Mining Company (sec Angelo Mines) 5
New Spes Bonn. Gold Mining Company 298, 518, 528
New Steyn Estate Gold Mines 299, 530, 567
 INDEX TO VOLUME 1. 581

PAGE
New Unified Gold Mining Company 302, 518,530
New Witpoort Syndicate...
Nigel Deep 304
Nigel Deep Syndica
Nigel Gold Mining Company 306, 516
Northey
Nigel Main
GoldReef
Mining Company (see United Langlaagte Gold Mining Company) 312
420,520
North
NourseRandfontein
Deep Gold Mining Company 312
313
Odessa Main Reef Gold Mining Company (see "ogelstruis Consolidated Deep) 433
Orion Belt . .. 315
Orion Deep Level Syndicate (see South Orion Gold Mining Company) 411
Orion Gold Mining Company 316, 520
Paarl Central Gold Mining and Exploration Company 321,506,522
Paarl Pretoria (see Paarl Central Gold Mining and Exploration Company) 321,522
Paarlsche Goudmyn (see Paarl Central Gold Mining and Exploration Company) 321
Palmiet (see
Pioneer Estate
Johannesburg
and Gold Mining
PioneerCompany
Gold Mining Company) . 327
165
Pleiades
Poortie Estate
Gold Mining
(see Paarl
Company...
Central Gold Mining and Exploration Company) 327
321
Porges
Prince's
Primrose
PrincessRandfontein
Gold
Estate
GoldMines
Mining
and Gold
(Luipaard’s
Company
MiningVlei)...
(see
Company
New Primrose..Gold Mining Company) 327,522

329,522,544
Rand Central Ore Reduction Company (see also Vol. III.) 521,566
Rand Deep Level (see Crown Deep) 53
Randfontein Estates Gold Mining Company 333, 524
Rand Klipfontein Gold Mining Company 345
Rand Mines... 345
Rand Nigel 510, 574
Rand
RandtSouthern
Gold Mining
Gold Company
Mining Company
(sec African Gold Properties, Limited, in Vol. II.) 361
Research
Rand "ictoria
and Development
Mines Company 361
573
Rietfontein Deep 362
Rietfontein Estate (see New Rietfontein Estate Gold Mines)
Rip Gold Mining Company .. 362,496
Robinson Deep . 363
Robinson Gold Mining Company 364, 524, 526,544
Robinson-Randfontein Gold Mining Company .. . 377
Robinson South African Banking Company 573
Roodepoort Central Deep... 37s
Roodepoort Deep Level Gold Mining Company . 373
Roodepoort Gold Mining Company (Kimberley) 330, 504, 526
Roodepoort
Rose
Rothery
Battery
Deep United
Block MainMining
Reef Gold Reef Gold Mining(see
Company Company
Horsham Monitor Syndicate) 881, 532, 545
165
389
332
Royal Gold Mining Company (see Treasury Gold Mining Company) 416
Ruby Gold Mining Company (see New Heriot Gold Mining Company) 256,526
Ryan Nigel Company 392
St. Angelo Mines 893
582 INDEX TO VOLUME I.
PAGE

Salisbury Gold Mining Company 393, 526

Simmer and Jack East ' B98
Simmer and Jack Gold Mining Company ~ 399, 528, 545
Simmer and Jack ‘Vest . 410
South Luipaard’s Vlei _Gold Mining Company 411
South Nigel Gold Mining Company 411
South Orion Gold Mining Company 411
South Primrose Gold Mining Company (see New Primrose Gold Mining Company) 252
South Rand Gold Mining Company 412
South Rietfontein Gold Mining Company (see New Rietfontein Estate Gold Mines)... 290
South Simmer and Jack Deep Level Gold Mining Company (see Simmer and Jack G. M. Co.) 399
South-West Randt Mines 412
Spes Bona Gold Mining Company (see New Spes Bona Gold Mining Company) 298
Stanhope-Geldenhuis Deep Level Gold Mining Company (see Geldenhuis Estate & G. M. Co.) 118, 530
Stanhope Gold Mining Company .. 418, 528
Star Gold Mining Company (see Langlaagte Star Gold Mining Company) 2(1)
Steyn Estate (see New Steyn Estate Gold Mines) .. 299
Sub-Nigel 415

Teutonia Gold Mining Company (see French Rand Gold Mining Company) 111, 530
Tharsis Gold Mining Company (see Consolidated Angle-Tharsis Gold Mining Company) 49, .530
Transvaal Goldfields 415
Transvaal Nigel 416
Treasury Gold Mining Company 416, 522, 526, 530

Unified Gold Mining Company (see New Unified Gold Mining Company) 302
United Langlaagte Gold Mining Company 420
United Main Reef (see Roodepoort United Main Reef Gold Mining Company) 381
United Roodepoort (see Roodepoort United Main Reef Gold Mining Company) 381

Van Ryn Estate and Gold Mining Company (800 Van Ryn Gold Mines Estate) 424
Van Ryn Gold Mines Estate .. 424, 532
Van Ryn North Exploration and Mining Company 430
Van Ryn West Gold Mining Company 430
Van Wyk’s Luipaard’s Vlei (see Lancaster Gold Mining Company) 182
Vera Consolidated Gold Mining Company (see Vulcan Gold Mining Company) 440
Vesta Gold Mining Company . 431, 532
Village Main Reef Gold Mining Company 432, 582
Violet Consolidated Gold Mining Company 436, 608, 532
Vogelstruis Consolidated Deep Mines 438
Vogelstruis Deep i I 439

Vogelstruis Estates and Gold Mines .. 439

Vogelstruis Gold Mining Company (see "ogelstruis Estates and Gold Mines) 439
Vulcan Gold Mining Company 440, 534

Wemmer Extension Company (see Wemmer Gold Mining Company) . ..; 441
\Vcmmer, Ferreira and \Vorcester Deep Level Developing Company (see Ferreira G. M. Co.) 98
\Vemmer Gold Mining Company 441, 528, 531
‘Vest Chimes (see Chimes West) 3G
‘ Western Kleinfontein . 455
Western Langlaagte Gold Mining Company (see New Croesus Gold Mining Company) 249
\Nestern Nigel (see French \Vestern Nigel) 113
\Vestern \Vitwatersrand Exploration Company 455
West Rand Mines... 456
WestRoodepoortDeep 457
\VliiteRoseGoldMiningCcmpany 457
 INDEX TO VOLUME 1. 583
PAGE

Windsor Gold Mining Company ' 458, 488, 536

Witwatersrand Deep (see East Rand Syndicate) 96
Witwatersrand Gold Mining Company (Knight's) 459, 536
Wolhuter Gold Mining Company 464, 536, 545, 574
Wolsingham Gold Mining Company (see Meyer and Charlton Gold Mining Company) 226, 536
Worcester Exploration and Gold Mining Company... 478, 536

York Gold Mining Company 484

N’ see Ur“
d or my “HR?
U N I V E E? s I T ‘r
(I I
QeLuir . m liv

Butler .1 Tanner, The Belwood Printing WorksI Frame, and London.

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