Show ANNUAL MEETING OF NEVADA HillS CU CO STOCKHOLDERS S SI i The holders holders' meeting of or the Nevada Hills Mining nning company was as held in Reno fleno last week weel The officers and di directors directors directors' dl di- rectors rectors' elected were era as follows George I president H. H M. M Hoyt vice president C. C I F. F Burton secretary and I treasurer who with C C. C E. E Knox o J. J H. H C Carstairs t Fred ProdS J. J Siebert and W. W E. E Johnson John son constitute the directors B. B A. A Julian is general manager manag r and Fred J. J Seibert Selbert Is consulting engineer Reports arc aro being prepared and will m be mailed from rom the main offices of or the company company company com com- pany at Reno within a Q few tew days to 10 local 1 stockholders stockholder All AU tho the large larse holdings of ot the local syndicate appear to have passed into the hands of the tile crowd The report shows that the cash assets of or orthe the tho company compan at tho the close of or the fiscal year ear amount to approximately with total liquid assets approximating and no liabilities It Is shown In the report that the company's com corn pany's operating revenue was during the year The sum eum of was expended on development work ork that was not in ore and net earnings were consequently consequently conse conse- reduced by that amount Tho The total development work performed during the year was linear feet teet The Tho mill treated tons ton of ot ore averaging 1377 a ton Following Is the financial statement PRODUCTION Amount Per ton tons milled Loss In tailings 1600 Net production EXPENSES Mining Development 1354 Sloping j. j 2447 Total I Milling 1111 n Labor and assays 4 1080 Supplies 1225 1235 Power 12 Total 2839 Marketing I Concentrates 8 I. I 8 Cyanide bullion Slag Total Iota 1 General Expenses Administration legal leal Corporation roads and telephones hospital hos lies pital registration I Insurance r repairs 8 Interest Property tax tac O Bullion tax 1698 Ol Total Total operating ex expenses ex- ex Add current construction construe construe- tion charged chars d to opera op op- era oratIons 30 Total expense Less miscellaneous earnings 4 09 I Net costs for COI the ear Net I pr profits rit 1 for r 1 the tho year 1221 Depreciation Deficit 1431 |