New Koh-i-noor Tribute Company


 * For other mining companies with the same or similar names see New Kohinoor Company.

The New Koh-i-noor Tribute Company was a gold mining company working in the New Kohinoor Company claim by tribute.

Location
The company's mine shaft was on the south-east corner of Errard Street and Sebastopol Street.

1873
Ordinary quarterly meeting, December 1873: "NEW KOH-I-NOOR TRIBUTE COMPANY. The ordinary quarterly general meeting was held on Monday evening, at Fern’s Redan Club hotel; Mr J. H. Downing, in the chair. The directors reported that two calls of twopence each had been made and were well responded to; the total number of shares forfeited and sold for the two calls being only 140, realising 7d each, and 810, fetching 2d each, respectively. As specified in the terms of the tribute agreement with the New Koh-i-Noor Company, they have erected a fine additional plant, consisting of another 18-inch cylinder engine, a large boiler, and two new self-emptying puddling-machines, all of which will be completed ready for work in a fortnight from now. Driving was discontinued in the upper level after breaking through to the Golden Reef workings, but driving was continued in the intermediate level, which broke through into a very promising wash. The northern main drive, off the lower level, going towards the junction of the Golden Point and Milkmaid Leads, has been extended a total distance of 260 feet; a bore was put up on Monday last, which broke through at 20 feet into a grey wash four feet thick, out of which a very fair prospect of gold was got. This will prove a valuable addition to the already proved resources of the mine, as the end of the drive is not within 80 feet of the abovenamed junction, and which was the richest ground over worked on Ballarat. The distance of this bore from the other workings extends over an area of 500 feet, and from the intermediate level to the boundary over 300 feet. Washdirt from all the various mentioned parts of the mine can be raised immediately the new machinery is ready to receive it. The receipts for the quarter were £490 6s, and included—Capital, £392 2s 6d; gold, £31 7s 7d; sundry accounts, with a balance of £39 0s 5d, making up the total. The expenditure comprised — Wages, £74 19s 6d; contracts, £210 18s 2d; firewood, £56 4s 10d; salaries, £39; sawn timber, £12 6s 4d; miscellaneous items, and a debit balance from last quarter of £26 12s 11d, making a total of £490 6s. The assets amounted to £39 0s 5d. The general balance-sheet showed the total receipts to be £1075 15s 4d, of which £900 was subscribed capital. The expenditure equalled that amount, the principal items of which were—Contracts, £393 6s 7d; wages, £173 2s 2d; firewood, £112 15s 10d. The auditors reported the accounts to be correct. The reports and balance-sheets were received and adopted, the shareholders expressing themselves as being well pleased with the prospects of the mine. The following were re-elected directors-for the next quarter:—Messrs J. H. Downing, Daniel Fern, Richard Scott, G. J. M‘Donald, Philip Gay, James Lamb, and Alex. Clarke. Messrs Charles Wilson and W. P. Power were re-appointed auditors."