Tallabung Tin Dredging Co Limited capital appeal
Public notice for Tallabung Tin Dredging Co Limited offering 7500 shares of 1 each at 5s on application 5s on allotment and 2 6d calls monthly. Property near Condobolin 152 acres alluvial flats and lode leases with tests by D O Leary and E L Miles confirming payable tin. Miles is largest shareholder. signed by J T Davis April 21 1928.
MENTIONED IN THIS ARTICLE
Condobolin
Guagong
New Broken Hill
D. O'Leary
Tavoy Tin Corporation
Burmah
E. L. Miles
Tupai Tin Dredging Co
Kota Tin Dredging Co. Ltd
Straits Settlements
O'Leary
Mr. Miles
Directors To Include Well Known Western Men
The present Board includes Thomas G. Murray L L Murray Sydney L H Hinks managing director Sydney L Hinks Co Limited Engineers A W Wedderburn secretary Sydney Ferries Limited Sydney Harry C Moulder stock and station agent Condobolia Before closing of ue of 7500 shares two Western men will be invited to join the Board D OLeary the other expert is also invited and is the second largest shareholder at this date
MENTIONED IN THIS ARTICLE
Thomas G. Murray
Mll.c
Sydney
L. H. Hinks
L. Hinks & Co., Limited
A. W. Wedderburn
Sydney Ferries, Limited
Harry C. Moulder
Condobolia
D. O'Leary
Tin values must increase with growing global demand
Lord Askwith spoke at the Royal Colonial Institute in London on February 2 about tin as a defining metal of the era. He warned that demand is rising faster than supply, with Britain producing the majority of world tin and the Empire smelting over 80 percent. He urged conservation and cautious policy as Europe settles and imperial stocks dwindle.
MENTIONED IN THIS ARTICLE
Royal Colonial Institute
London
Lord Askwith
British Empire
United States
U.S.A
Europe
Not a Mining Venture but a Sound Business Proposition
Fortunes have been made in tin mining in Australia and £50,000,000 worth of tin has been extracted across the Commonwealth. Today’s price is £230 per ton, with indications higher rates will prevail. The prospectus promises an excellent opportunity to profit from favourable tin market conditions, with high assay values and notable prospects supported by experienced geologists and official reports.
MENTIONED IN THIS ARTICLE
Australia
Thie Prospectus
Ample Water Supply Assured at Tallabung Tin Field
An alluvial tin field at Tallabung shows ample water from sub artesian bores and a tested pump system delivering 1800 gph for four days and over 3000 gph for nine days, with potential for higher output. Shafts indicate water can be obtained across the area, with large storage tanks proposed. The Tin Mine and Alluvial Tin Field are tested for guaranteed tin yield by dredging. Mr E L Miles certifies Tallabung as a safe, profitable investment not a gamble. Enquiries via The Advocate Office.
Conservative Profit Estimate From 101 Acres of Tin Ground
A conservative appraisal calculates 101 acres sampled to 25.3 feet yielding 16.5 tons tin per month at 70 percent metallic content. Value about £150 per ton, net profit about £975 monthly after costs, or £49,750 yearly. Additional 33 untested acres may add more payable ground, potentially another 1 million value.
Miles backs Tallabong shares as applications surge
R Miles, largest holder, confirms confidence in Tallabong Shares after 500 applications are received. May 8, 1928.
MENTIONED IN THIS ARTICLE
E. L. Miles
Tallabong
Also Mentioned on This Page
Tallabung Tin Dredging Co.Ltd
J. T Davis
MR. D. O'Leary
Tallabung
Kota
Tupai Straits Settlements
Advocate
R. Miles Again
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