_General._—The plant has been properly laid up and protected from the weather for the dry season, and a watchman has been placed in charge. I am, &c., (_Signed_) H. W. LAWS. Since the preparation of the foregoing particulars a report has been received from the company’s manager giving the first detailed particulars of the prospecting as follows:— “_Prospecting._—With regard to this important subject I expect to have a little more to say when I have a general map ready to forward to you. The shaft in Section 26 which you asked about in your letter of 26th July was not got down to bedrock on account of water, and there were no results to report. In prospecting the streams of the central and northern part of the 40-mile area, we found tin in many places in various quantities, and irregularly distributed. Apparently the best stream is that one which runs through Section 28; while prospecting there we calabashed out five tons very easily from the bed of the stream, which tin we have in stock and shall report it to the Government as soon as the mining lease is applied for. The prospecting by numerous pits shows that the ground is too irregular in values outside the bed of the stream to make satisfactory estimates until some sluicing is done, which will be a relatively easy matter when we have the mining lease. There is another stream about three miles further north which I think will warrant taking up, but perhaps not quite so good as that in Section 28. “In prospecting other streams of the northern part of the 40-mile area we generally found from a trace of tin to say a pound or so per yard with limited yardage, and none of them offer much encouragement to the company for mining purposes. “A part of the N’Gell River, in Sections 49 to 50, I think is suitable for taking up as a mining lease. The tin, however, appears to be mostly confined to the river bed, and therefore it is more suitable for calabashing than for sluicing purposes. Also the parts of streams Nos. 1 and 2, which are in the prospecting area, should be included in the areas applied for.” The manager further states, in regard to the drilling operations which are being carried out on the more remote and westerly portion of the property, that the results hitherto obtained have not been very encouraging, but that it is too early to arrive at a definite conclusion in regard to final results. Cable advice has been received of the recovery of ten tons of tin during the month of October. The manager adds that the water is falling rapidly; this should permit of calabashing on an extended scale. The value of the tin already won by intermittent working should realise nearly £4,000, a sum in excess of the outlay in respect of the surveying and prospecting on which the small staff has been principally occupied. TIN AREAS OF NIGERIA, LTD. _Capital._—£60,000 in 240,000 shares of 5s. each.