THE WAIHI MINE.

Dominion, Volume 4, Issue 1064, 1 March 1911, Page 4

THE WAIHI MINE.

GOVERNMENT INQUIRY- ASKED FOR.

ißy Tck'EraDh-l'rc'Ss Association.) ■ Napier, February 28. A innHing of .Napier shareholders of the Wc.ihi Gold Mining Company was held hero (his afternoon. Mr. (\ ]j Hoadlcy presided over an attendance of iive. The following resolutions were carricd; — (1) That an investigation of the shareholders' share register bo made for . a period of the last twelve months, and transactions, buying and selling, by directors in London and the Dominion l>e ascertained. (2) That in vinw of the far-reaching and disastrous effect that the r-eceut and surprising action of the director?, as revealed, involving some millions of money lost, the position has become of national seriousness and ruin to many of the sl-arcliclclers, tlio Government of NewZealand bo petitioned to appoint a commission to inquire into and report upon, the past,_ present, and future conditions ot the Waihi gold mine. (3) That a copy of the above resolution lx> lorwnrded to the chairman of the Weimijton Stock Exchange,'and that further action bn given effect to by a committee to be appointed for the purpose. The chairman thought il was time the Government stepped in, to sec that the shaMholdws were fairly treated in the matter. It had been rumoured that certain directors at Ilome had been unloading their shares for some time, also tliat a well-known commercial man ia Wellington had relieved himself of a considerable number of. shares quite recently. New Zealand shareholders should Jiavo an opportunity to investigate the register and see for themselves'what has been taking place. Those at a. distance had been losing money, while those apparontly in the know" had been relieved of tneir responsibilities. He thought it disgraceful that tlio directors should b« able to treat the public as they had. They might have to go to considerable trouble to e< t a copy, of the register,- but they had u right to be able to got it.