The Cyclopedia of New Zealand [Otago & Southland Provincial Districts]
The Undaunted Gold Mining Company, Limited;
The Undaunted Gold Mining Company, Limited;
Head Office, Matakanui. Directors: Messrs John Ewing (chairman), Peter Flannery, William Watson, John
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Mellor, senior, and John Leamy; Mr, Thomas C. Donnelly, Legal Manager. This Company was incorporated on the 1st of March, 1898. The mine comprises 119 acres, held under licenses from the Crown. Water-races are brought in from a very considerable distance, and carry altogether thirty-four heads of water. The elevator shown in the illustration raises the wash dirt 44 feet. The nominal capital of the Company is £20,000, divided into 2,000 shares of £10 each, of which 1500 shares are fully paid up, and 500 shares are hold in reserve. This Company had, up to the 31st of March, 1903, paid in dividends to its shareholders £9,750, or £6 10s per share.