Misima G.M. Ltd.
p. 53 · Read in the full issue
Real Gold Mine!
Phenomenal Profits of New Misima G.M. Ltd.
WE have received from Mr. Frank Hambridge a copy of the annual report and balance sheet of New Misima Gold Mines Ltd., which works the phenomen ally rich Aumuna mine, on Misima Island, Eastern Papua.
During the year ended April 30 last this Co., which has a total subscribed capital of £14,000, made a profit of £17,017, and paid dividends totalling 18/- per share, equal to 90 per cent.
Against the issued capital of £14,000 there is a reserve, in hard cash, of £9000, and plant and equipment, written down to £16,739.
Mr, F. W. Cuthbert is chairman of directors, and Mr. Gilbert Wilkinson is a director.
It is reported that an option over this mine has been given recently to another company.