Auckland Gold Mines.

Feilding Star, Volume XVI, Issue 256, 2 May 1895, Page 3

Auckland Gold Mines.

INVESTMENT OF ENGLISH CAPITAL. (per press association.) Auckland, May 1. A definite offer was received by th« directors of the Woodstock Mining Com pariyfrom Mr Rothwell, a well knowr member of the London Stock Exchange and a partner in the firm of Gosler ' Hellinswbrth, and Rothwell, to take over the Woodstock mine. The proposal submitted is to form a company the capital of which shall be £150,000 in shares of £1 each, the Present Woodstock Company to receive 82,000 fully paid up shares, 55,000 shares also fully paid up to go to the promoters, out of ■which they are to provide £25,000 for working capital, the remaining 12,500 shares to be reserved. At a meeting oi the Woodstock directors held to-day it was decided to accept the offer subject to the approval of the shareholders. An offer has been received from England for the purchase of the Hazelbank Goldmining Company's property and to place it upon the London market on taxable terms, the capital suggested being £70,000. The offer has been agreed to subject to the approval of the shareholders. Several capitalists have made overtures, it is stated, to float a company in London embracing the Birthday, Christ. mas Box, New Year, and Mackay No. 1 licensed holdings, comprising 127 acres, and sifcnated atWaihi South.