Offices.—34 Clement’s Lane, E.C.
This company has secured an area of 5¼ miles next to Naraguta, the alluvial area comprising about 785 acres. Mr. H. W. Laws reporting on these 785 acres, says:
“The bed of the stream is extremely rich in tin, in fact it is one of the richest in the country.”
Mr. Laws also says that fifty natives with calabashes can earn 10 tons of tin per month at a cost of less than £10 per ton, and that the extra expense for transport, &c., to England, would not come to more than £30. This would mean that fifty tributers, with the most primitive methods, could earn 100 tons per annum, since it is stated that there is plenty of water for sluicing purposes during eight months of the year. During the remaining four dry months of the year there is ample water left in the pools. In addition to the alluvial properties, the Gel Company has a half share in a lode firm on a property covering 640 acres. Upon this lode the Niger Company have already spent £10,000 in prospecting shafts with satisfactory results. The lode formation is 20 feet wide on an average, and an analysis of prospects gave 20 per cent. of tin.
AKERRI (NIGERIA) TIN COMPANY, Ltd.
Capital.—£125,000 in £1 shares, issued as fully paid in part payment of purchase money; 25,000 were offered at par, and are 2s. paid, and the remaining 35,500 are held in reserve for future issue.
Directors.—Mr. Charles Vivian Thomas (Chairman of Tronoh Mines), Mr. Arthur Oliphant Burton, Mr. Louis A. Neel.
Secretary.—Mr. C. M. Champness, C.A.
Offices.—103 Cannon Street, E.C.
This company acquired their property through Mr. W. H. Champion, who has also reported on the property. Most of the other companies which have been formed up to this date, are working in the Bauchi Province, and as the Akerri Company is proposing to work in a new district near Zungeru, the present capital of the Colony, a copy of Mr. Champion’s report is given in full: