A HOME MINING SCHEME.

Kumara Times, Issue 1412, 11 April 1881, Page 2

A HOME MINING SCHEME.

A remarkable mining schetrie is reported in a telegram Irani Auckland; The prospectup appears in the London Standard received by the San Franciscd mail. It is called “ itaverl Gold-mining Company, Limited, Thames Goldfields* New Zealand. Capital: .£IOO,OOO, in £1 shares.” The properties comprised in the enterprise floated are the Imperial Crown, Tookey, Caledonian, and Golden Crown mines, and the vacant piece belonging to the Comer, The - present proprietors in Auckland are .• . astonished to find their properties thus dealt with. The Imperial Crown is • no* partly in the Southern Cross Com- . > pany and partly in the Warotaki. The old Tookey is now in with the Southern Cross, Caledonian, and Golden Crown. All of these mines are now being ; vigorously worked by Auckland and Thames shareholders. The prospectus states that Mr H. E, Rice, late J.P. of New Zealand, and a resident mine proprietor at the Thames Goldfields, , reports that the Haven property will prove one of the richest in the district*: as embracing all the famous reefs of the , field. Professor W. Yazie Simons* the eminent geologist and miner, late Chief Magistrate at Sandhurst, Bendigo, Vic* toria, in his report on the property says —“ The estate presents a field of mining enterprise which is rarely suffered to escape from the hands of the immediate discoverers.” He will join, the Board as managing director on his return from India, but has left instructions for procuring machinery to commence operations. It is stated application will be made in due course to London Stock Exchange for an official quotation. The chairman of the Company is given as T. Eyre Foakes, Esq., Chairman of the Frontins and Bolivia South American Gold-mining Company" (Limited). Bank: Agra Bank (Limited). Consideration for property to be £50,000, of which the vendor takes £IOOO in fully paid-up shares. By the mail, - Mr J. Stodart, of Auckland, received a letter from a gentleman in London, stating that the ground of the above Companies was being put in the Lon* don market by a joint stock company, and desiring to know whether it was advisable to take shares. Mr Stodart was completely astonished at the intelligence, as there is no such ground available for such purposes, the title . being vested in persons resident in Auckland. According to the prospectors, there is an agreement in relation, to the property already made with Henry Elliott and John Pelham Hance .. respectively, and the latter and W. R. May are trustees of the Company. A map accompanies the prospectus, showing gold-bearing leaders running at regular intervals in straight lines from the beach inland.