Capital

Wealth Of Guinea Gold

Annual Income Nearly Equal to Capital

fT~HE annual accounts of Guinea Gold, A N.L., come along to remind us again that there still is romance in gold mining.

Guinea Gold was formed by a little group of courageous Adelaide men to finance the late CL J. Levien in establish ing, in the interior of New Guinea, a gold-dredging industry, serviced by aero planes. They subscribed £50.000. The seemingly fantastic idea was a winner.

Now, each year, the holders of those £50,000 worth of shares receive almost (in round figures) £50,000 per annum from Bulolo Gold Dredging Ltd. (the operat ing company formed to work Guinea Gold’s leases).