FINANCIAL NOTES
A NEW MINING COMPANY.
ONE of the brighter spots of the Stock Markets during the past week was that for gold-mining shares, and an interesting event in the market has been the formation of a new South African gold-mining company, registered under the title of West Vlakfontein, with a capital of £2,35e,000 in shares of 2S. 6d. each. The company acquires a lease granted by the Union Government to East Rand Consolidated in respect of the area of 5,697 claims on the farms Vlakfontein. The directors include such well-known names as Mr. H. G. Latina, the Chairman, Mr. W. A. Mackenzie, the Deputy Chairman, and Sir Abe Bailey. Shareholders of East Rand Consolidated are to be offered 2,895,000 shares at par, and allottees will also receive an option to subscribe at 5s. per share for one further share in respect of each share allotted.
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