The Picton Coal Mine.
(united press association. j Blbnheim, Maaeh.4. At a meeting of the Blenheim shareholders m the Picton Coal Company held last night, it was unanimously resolved to be desirable that proceedings should, without delay, be instituted for winding up tho company. It was resolved to forward a copy of the resolution to the directors, who still persevere iv lime stone boriugs, and who have hitherto successfully resisted all attempts to wind up. The meeting was. adjourned till the 18th . It was stated by one of the directors last night that the limestone borings would give only 400 tons coal, and to get that out it would 'cost £200 for a drive. Shares 3re to lie called up within eighteenpence, .and the directors will take steps for the recovery of calls, '
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Bibliographic details
Manawatu Standard, Volume IX, Issue 78, 5 March 1885, Page 2
Word Count
133The Picton Coal Mine. Manawatu Standard, Volume IX, Issue 78, 5 March 1885, Page 2
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