he advantage in being
more productive. Some of the richest mines in Australasia have been in
lodes running easterly and westerly, while gold, tin, and copper, in
great quantity and of high percentage to the ton, have been got in such
mines as Mount Morgan, Mount Bischoff, and the Burra, where there are no
lodes properly so-called at all.

Mount Morgan is the richest and most productive gold mine in Australasia
and amongst the best in the world.

Its yield for 1895 was 128,699 oz. of gold, valued at 528,700 pounds.
Dividends paid in 1895, 300,000 pounds.

This mine was opened in 1886. Up to May 31, 1897, the total yield was
1,631,981 ozs. of gold, sold at 6,712,187 pounds, from which 4,400,000
pounds have been paid in dividends. (See _Mining Journal_, for Oct. 9,
1897.)

Mount Morgan shareholders have, in other words, divided over 43 1/2 tons
of standard gold.

The Burra Burra Mine, about 100 miles from Adelaide, in a direction
a little to the east of north, was found in 1845 by a shepherd named
Pickett. It is singularly situated on bald hills standing 130 feet above
the surrounding country. The ores obtained from this copper mine had
been chiefly red oxides, very rich blue and green carbonates, including
malachite, and also native copper. The discovery of this mine,
supporting, as it did at one time, a large population, marked a new
era in the history of the colony. The capital invested in it was 12,320
pounds in 5 pound shares, and no subsequent call was ever made upon the
shareholders. The total amount paid in dividends was 800,000 pounds.
After being worked by the original owners for some years the mine was
sold to a new company, but during the last few years it has not been
worked, owing in some degree to the low price of copper and also to the
fact that the deposit then being worked apparently became exhausted.
For many years the average yield was from 10,000 to 13,000 tons of ore,
averaging 22 to 23 per cent of copper. It is stated that, during the
twenty-nine and a half years in which the mine was worked, the company
expended 2,241,167 in general expenses. The output of ore during the
same period amounted to 234,648 tons, equal to 51,622 tons of copper.
This, at the average price of copper, amounted to a money value of
4,749,224 pounds. The mine stopped working in 1877.

Mount Bischoff, Tasmania, has produced, since the formation of the
Company to December 1895, 47,263 tons of tin ore. It is still in full