ST. JOHN D'EL REV.
The latest Report of the St. John d'el Rey Mining Company showed that the year 1934 had been a good one for the Company, and the favourable impression created by the Report was strengthened by the speech at the annual meeting from Sir Henry P. Harris, the Chairman. After referring to the announcement of the usual dividend of 10 per cent. for the year, he said that stockholders might feel that they were receiving an inadequate share of the profit, but it had to be boine in mind that the Company was only allowed by the Brazilian Government to remit the proceeds of one-third of its total production of gold. Dealing with the future, Sir Henry considered that the mining outlook was distinctly improving. The Board were expending a good deal of money with an eye to the future. The Capital Works Account showed that £144,934 had been spent _on the Espirito Santo Mines and there was a certain amount more to come. The Company, however, he considered, had. obtained good value for that outlay in the shape of a mine with over 1,000,060
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