FORD’S GREEK COMPANY.

Greymouth Evening Star, Volume XXXI, 12 November 1901, Page 3

FORD’S GREEK COMPANY.

Dealing with the above the Dunedin Star says:—We would remind Ford’s Greek shareholders that the last day upon which the levy subscription of Is per share will be received by the Company is approaching, This scheme was devised in order to get sufficient funds to repair the dredge and start her again. It is anticipated by the best judges that the Company will straightway strike payable wash, in which case there will be no difficulty in placing the balance of the preference shares, and so putting the Company on their feet again. Mr Diamond, late d edgomaster, deplored the fact that the dredge never touched bottom, and in answer to questions at the last meeting said the reef was rising as they went up the creek, and the ground which was improving, should be good enough for 30oz weekly returns. Higher up still vfras even better, as the terrace ground up there had maintained miners for the last thirty-five years. He thought they should get exceedingly good yields at this point. Mr Diamond is reputedly a reliable man, and this being so it seems as if shareholders were failing in their duty to themselves and the directors if they fail to meet the levy. If the dredge starts on a payable career, as expected, they will have no cause for regret in sticking to her during the present pincb.