WAIHI GOLD MINE.

Dominion, Volume 4, Issue 1132, 20 May 1911, Page 5

WAIHI GOLD MINE.

A NEW ZEALAND DIRECTOR APPOINTED. By Telccraph-Press Associatlon-OopyriEht London, May 18. At tho meeting of tho AVaihi Goldmining Company, Mr. Mitchinson, who presided, stated that thcro was not a shadow of foundation for tho suggestion that the directors were possessed of privato knowledge which they had not communicated to the shareholders. He feared that the reefs did not possess tho stable characteristics which they had hoped, but tho potentialities of tho mine wero enormous. Mr. Mitchinson added that tho board did not object to a much moro extended report than Mr. Richards had had time to make, should the shareholders desire it, and they were willing to meet tho wishes of New Zealand shareholders by adding to the board one member closely in touch with New Zealand. Tho roport was unanimously adopted. Tho New Zealand resolution was not moved. Mr. Arthur Rhodes, of Christchurch, was appointed a director. A Press Association telegram from Auckland states that the following cablemessage has been received by the Wnihi Company from London: — "The Wellington committee's resolutions, and the nomination of Mr. Topham, were withdrawn before tho meeting. At tho largest annual meeting of Waihi shareholders ever held, tho chairman's speech vindicating tho action and policy of tho board, also the Now Zealand management, and suggestiug that no more outsido reports should bo obtained at present, was received enthusiastically. The directors' annual report, tho continuation of tho Horahora scheme, the re-election of Mr. Mitchinson, tho MidHion of Mr. Arthur Rhodes (of Christehurehl to the board, and votes of thanks to and confidence, in the New Zealand management and tho boml of directors, were" all agreed to unanimously. A dividend of 3s. per sliavo was declared, payable Juno 1.