NEW AFRICAN COMPANY, Ltd.
This company, which has been dealing for some time in South African business, has recently acquired an interest in a Nigerian tin property comprising an area of 640 acres, containing a lode which is claimed to be the mother lode of the district. Arrangements are now being made to prove the lode at depth. In addition this company have also acquired an alluvial property adjoining, which runs along the bed of a stream for a distance of about 5¼ miles, and extends to a width of 200 yards on each bank. The property has as its northern neighbour the Naraguta Company, with the Jos Tin Company on the east, and the Bauchi Tin Syndicate on the west. This company appears to be working in conjunction with the Gel Tin Lode and Alluvial Company, which company is probably a subsidiary company issued by it.
THE SOUTH BUKERU (NIGERIA) TIN COMPANY, Ltd.
Capital.—£50,000, divided into 50,000 ordinary shares of £1 each, of which 20,000 are for working capital.
Directors.—Segar R. Bastard (Chairman, Champion Gold Reefs of West Africa, Ltd., and Director of Juga (Nigeria) Tin and Power Co., Ltd.), Wm. F. Jackson (1-2 Great Winchester Street, E.C., and Stock Exchange, E.C.), John Waddington, J.P. (Director, Naraguta (Nigeria) Tin Mines, Ltd.).
Consulting Engineer.—Charles G. Lush, M.E.
Secretary.—H. Tuffrey.
Offices.—Blomfield House, 85 London Wall, E.C.
This company has been formed to acquire the exclusive rights to prospect for minerals, mineral oils, and precious stones over an area of 3 square miles, situated about 4 miles south of Bukeru, in the well-known Bauchi Tin Fields of Northern Nigeria.
The property is situated on the top of the Bukeru Watershed, a basin heavily watered with small streams running through the whole area, which is stated to be alluvial, and all the ground is tin-bearing from the top to the bottom of the pits, which have been sunk to a depth of about 15 feet. Mr. Lush, the consulting engineer to the principal Nigerian tin mining companies, who thinks well of the property, has consented to act as consulting engineer for this company.