AUCKLAND CONSOLIDATED GOLD- MINING- COMPANY.

Auckland Star, Volume I, Issue 512, 31 August 1871, Page 3

AUCKLAND CONSOLIDATED GOLD- MINING- COMPANY.

A MEETING of the shareholders of this company was held last evening, at the Star Hotel, Albert-street, for the purpose of receiving the report of the voluntary liquidators, and for any other business that might be brought before it. There was a very Small attendance; Mr. Poolcy occupied the chair. This company was placed in voluntary liquidation iv Juno of last year. Mr. H. H. Lusk read the repoi-t, from which it appeared that when the company entered into liquidation tho debts were £250, the assets being unpaid calls. The liquidators found it necessary to make a call of 2s. 6d. a scrip; and, as the call did not come in very freely, about seventy shareholders had to bo sued. The amount recovered by judgment of tho Court was £315 4s. 5d., of which the greater part was swollowod up in expenses. The only available nsset at the present time was the sum of £106 11s. — Considerable discussion took place as to tho adoption of tho report, and Mr. Stocks moved that it bo referred back to the liquidators. Considerable dissatisfaction was expressed at the action of the liquidators.— Mr. Lusk said that those persons who threw obstacles in the way of winding-up the company were tho defaulting shareholders.— Ultimately, after a long and acrimonious discussion, the report was adopted.—-The liquidators were authorised to see what was the least amount the various creditors would take, and make a call accordingly. Tho proceedings then terminated.