HOTOVER TERRACE GOLD MINING COMPANY, LIMITED.

Dunstan Times, Issue 603, 7 November 1873, Page 3

HOTOVER TERRACE GOLD MINING COMPANY, LIMITED.

We have bom request'd lo givepub'ieity to tl e folk wp g 3he Directors < f this ('niii| any at Qnee stown mi l Dunedin, after (lie mod care ful inquiiy and consideration, and looking to (lie roihna’ativ-dy Final! yield o f gold which lias ht-eu obtained from the claim during the past few weeks have unanimously resolved very materially to chan e the system of working i . Will this view they have entcied into an engagement for three months "ith Mr. Fre ’crick Evans, Mi dug Engineer. of the Arrow, whose enort > n the mines, previous to fhe 1 Vraipony's pnrehas ■, was circulated with the pn sp ctus. Mr. Evans undertakes within three months to m ike such ar;alignments and alterations as will enable the Company to brin ; to the surface at hast three Mines the quai ity of aurfe ous ground hi hje l to brought out, and this wi hout increasing the present amount of wages. To rnah’e him to do so the D rectors have g‘v n turn Mia nee ssa r y powers, and have already ordered the i omedia'e cons'-, rue'i 'n of the alditioHal trucks, &c., required so that no delay will take p ace in ci n mor.cing and in corn in : on most vigorously the operations propore hj Previ us to the arrangement being entered into with Mr. Evans, that gentlein m vidftd the claim and modea Host careful survey o' the whole workings, and i is gratifying to 1I - aVe to ann mire to the silvern d'l >ra that h- con i n«* to euteit d'i the hi hj opinion of ps value asdcaoahi'iies at ir fn • I in his fo ••no" report, lie is sanguine that the shareholders, wi hin th • lime n inn Ihv him. will have bnuslmt re i=on to hj > gat'Mie 1 with •‘heir property, an 1 with the leturns which, he beliw -s, will steadily he. made from its working. The n'rcetors are hound to state that, whil ■ thev groaMy regret the unexpected delays and disapoo ntments which the s’uri'id lers have experienced in the distribution of diiihnds. they cmitiunc to have the soni om i lenae in th groat value of the C impinv’s property. an I that they lieoevi •Inmans n<wto be adopted w'B, in the n >st uTctual an I economics'manner develop its undoubted wealth. T ; o-y ahikit ne -essary to add that had these means bee > adopte 1 from the firs*', as w.as original! vin ten 1e I by the uronv'ters ml direetora, *!ie pr’sent position of the 0 i-av any wn) 1 have be ni altogether sat’s f aetory. TVv we-e nnfurtnn ite’y, hewev’r. inbwvl to aBo - the : r proposed aaii’eof working by the strong.- an' as they bo'ieve. pe- r eetlv honest repreoeu'at:nus of pa-*ies la -gdy interest 'd in the prnsneri'y e c the O'moany, whose expeetad >ns, however, have not been reali-ed. —Dairdian