The Juga (Nigeria) Tin and Power Company owns what is known as the Juga property, which is situated on a plateau 3,280 feet above sea-level, having a total area of 1,600 acres, and the Sub-Juga property, which lies upon the lower plateau immediately below Juga, the area in this case being 6,720 acres. As already remarked, the South Juga property has recently been added. Mr. Lush estimates that 200 acres of the Juga property will be highly payable. For the purposes of his estimate, he took the average depth as 9 feet, which, extending over 200 acres, equals 2,904,000 cubic yards, each cubic yard containing 6 lbs. “In valuing the ground at 6 lbs. per cubic yard,” Mr. Lush said, “I am not taking into account only the high results obtained from some of the bottom wash, but am reckoning it as a whole. I do this because working results may prove that the wash does not extend over the whole 200 acres, but the gravel does, and I feel confident will average what I state.” In a similar way he estimated that the Sub-Juga property would yield 3 lbs. per cubic yard over 5,808,000 cubic yards. Tin Fields of Northern Nigeria, Ltd., is a company owning eight square miles at Federri and nine square miles near Dila River, both in the Bauchi Province. In addition to having floated these companies—in which, of course, Champion Gold Reefs retains a large interest—the company has also large holdings in the following concerns: Northern Nigeria (Bauchi) Tin Mines. Anglo-Continental Mines, Ltd. Anchor Diamond Mines. It also still owns a lease over five square miles in Ashanti. NARAGUTA (NIGERIA) TIN MINES, LTD. _Capital._—£175,000, divided into 175,000 shares of £1 each, of which 158,500 are issued and fully paid. _Directors._—Frank N. Best (Chairman), H. C. Godfray, Herbert Moir, John Waddington, H. Bousquet, H. S. Reitlinger. _Secretary._—Newman Ogle. _Offices._—Friars House, New Broad Street, E.C. This company owns an area of 3,200 acres at Naraguta, and two further blocks known as the “C” and “Q” areas of eight square miles. It was formerly worked by the Niger Company, who won from the alluvial beds its 1,000 tons of tin concentrates. The company was registered on 15th January, and the property was taken over on 4th February. Mr. C. G. Lush, the company’s consulting engineer, has inspected the property, and has stated that on the Naraguta property they had ground which would give fully 5 lbs. of tin to the cubic yard. He further reported that ten acres had already been treated and given that result, which could be taken as a very fair prospecting whole. The returns up to and including the month of October 1910 amounted to a total of 350 tons of tin oxide made up as follows: