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MONETARY ITEMS.

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MONETARY ITEMS. WEST AUSTRALIAN GOLD SHARES. Until lately, it has been a question whether the Gold Mines of West Australia hold good at depth, but now it has been proved that they are well-defined lodes in fissure veins, and only re- quire to be properly developed and worked to nay handsome dividends on the money invested. The latest reports from the Manager of the Guelph Gold Mines, Limited, Coolgardie, whose property is on the Royal Sovereign line of reef, about 400 yards north of the Royal Sovereign Mine, are most satisfactory, and state that all the men at present employed on the mines are first class miners hence the work progresses satisfactorily. No. 1 inclined shaft has been sunk to a depth of 70 feet ou a splendid reef, both walls of which are well defined. Samples taken from different parts of the reef give from 1 to 5 ozs. of gold to the ton." Several shafts I have been sunk along the reef, the ore from which has produced payable gold in each instance, and the samples of the gold reef taken from the main shaft give assays of from 1 to 5 ozs. of gold per ton. This is, it is thought, likely to prove one of the richestMines in West Australia, and there are signs that Guelph Gold Mines Shares will soon become a prominent feature in the West Australian market. Their present price is only 5s per Share, fully paid, and they look very cheap. ——— c532E A GREAT WEST AUSTRALIAN PARENT COMPANY. There are signs of an impending mining boom in West Australia, now that some of the biggest financiers are extensively interested in West Australian properties. The Shares of West Australian Gold Properties Development Company, Limited, now that large profits and good dividends are assured, are rising rapidly in price on the London Stock Exchange; their I present price-.C2 5s per Share fully paid up— leaves room for considerable advance. These Securities should be cheap at a much higher quotation, for it is expected that big dividends will soon be announced. The Company has secured the right to prospect for gold and all other minerals, and to purchase no less an area than 76,1.00 acres, freehold, in one of the best known and most important parts of West Australia, and ia also int.<U"A.tQIJ many of t. most valuable gold properties in that Colony, one of which has, in its first crashing, given orE: yielding 5 ozs. of sold to the ton. The acquisitions of the Company are reaching a magnitude which was not in the first instance anticipated, and the concern is now getting in a position to reap the advantages and profits arising from the forming of subsidiary Com- panies to work portions of its large estates. It is also getting into its hands other highly valu- able properties, and promises to become one of the greatest parent organisations in West c533E

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