Show r SHAWMUT CON GON GONt t ANNUAL REPORT i h Y Shareholders Receive R Little Lillie En Encouragement Eni hi i from Statement J Issued by Directors L 1 II LEASERS tEASERS WORKED IN BINGHAM All I Other Oilier Operations I lit vo Ceased Cc i IV IL I UK tI to I u ill c III o 0 Jf t lur rill for l Tho Tn annual report of the Iho board of ot directors of ot the tho Consolidated Copper PIr linn iii been received by b local shareholders This company owns u a I largo large group ot of In Iii II adjoining thu domains ns of tho Utah Ulah Copper company hut but up to tho present tim the venture hat has his not proved very ery profitable in u j addition nd to tho Iho Ding Dilg liam liani claims the tho Shawmut company com has hal ha operating tho tim mine near hear Colo Cob under u it I bond and lease Referring Deterring to tho the properties tho the report says Title has Inis icon been taken laken to 10 tho Iho claim the tho balance of oC remaining nt at tho the time at nt the tho last annual report having been paid when It bo lie boo Gumo due Tho counsel nt Salt Lake 1111 ake City Cht reports that he hi lI him lIhu hIl ar nr arranged ranged a l salo iho of o surface rights In 4 lots to squatters for COl a IL sum stun aggregating j ing about I OO and that he lie expects to deliver del l the lie necessary leeds deeds and I the th collections early ealy during tho the com coni coming ing summer H 1 ler The work of oC driving the tunnel was wasI I suspended In 31 DOT 1807 At that tIme rout net had been heen driven at nt a n acost cost coat of There Is no Indebtedness edness now jiow on 01 tho the property except tho the bonds bOlds for Cor or and Inter Interest est cst secured by I mortgage On Oi Dec Dee 10 1007 a lease was Wil mado 11 O J of at the upper tipper workings to u a 1 for fOI forone forone i one year ear on 20 per cent royalty Ho Hohas Hohns 11 has hag worked on 01 tunnel No 2 on the tIle U UI UI 1 I I vein eln mid 1111 has hitis his opened up a I a body of high grado ado ore from frol which a IL shipment Is now being rondo made j 4 He lle Ie still HUl continue his operations In the thit hope of ot developing an nn ore body of at largo Ilzo and value alue Tho TImo annual meeting of oC shareholders wi will be held In II Portland line next Saturday An Aim effort Is made to ralso to pay L for the Iho Colordo Colorado properties but hut there thero Is nothing con contained COl In n the report to 10 indicate that limit tho the company will wi resume work In tn ham Iam on Its own account right away avay |