(The Evening Standard—August 10, 1863)

At the South Europe Mining Company meeting on July 24, the accounts of the year ending Dec 31, showed that there is a balance at bankers of 2,813l. The value of the stock of ore on hand was computed at 9,150l. The debts owing by the company amounted to 3,950l., and the debts due to the company of ores sold and calls in arrear, 2909l. the directors reported that up to Dec. 31 last 4,500 tons of ore were raised from the Bultron Mine. The raising of ore had been impeded during the past six months to complete the main shaft and drawing machinery. Nearly 2,000 tons, however, had been broken during that period, and the mines in now capable of yielding upwards of 1,000 tons of mineral per month, which many be doubled in the course of a few months. The average contents of the ore shipped to England had been about 48 per cent. of sulphur and 3¾ per cent. of copper. A distribution of 2s. 6d. per share was agreed to ; Lord Alfred Harvey and the Hon. T. C. Bruce retired by rotation, and were re-elected ; Mr. J. M. Davenport was re-elected that he had just returned from an inspection of the Bultron Mine, and had much pleasure in being able to state that he found both the mine itself and the works connected therewith in a most satisfactory state ; the ore is brought on mules to the company’s depot near Valverde, and then sent by cart to the wharf at San Juan, on the Rio Tinto.