PERSEVERANCE MINING COMPANY

Nelson Evening Mail, Volume IX, Issue 99, 27 April 1874, Page 2

PERSEVERANCE MINING COMPANY

To tub Editor op the Evening Mail. Sir— At the. meeting of the abovo Company on Thursday last, I think it was much to be regret' ed that so few attended, and that so much apathy seems to prevail among the general body of shareholders. Although the proxies given in at the meeting did not represent any thing like a majority of the shareholders, yet, if we scrutinise the parties desirous of winding up the Company, wc rind, amongst their number, six out of eight of the present Directors, the legal manager of the Company, several of the old Directors, and generally it wii be found those of the 106 slnreholders who voted aro parties who have taken an interest and made themselves acquainted with the character of the mine from its commencement up to the present time, and who have now come to the conclusion, that the Perseverance reef will not pay wori^hg expenses. In opposition to this we have a body of paid up shareholders who are anxious for further prospecting, in fact, to spend all the money before stopping the works Another difficulty in gettinl the M.« Im < n e U ?. lbe £ an< * vah,e > as required by the deed of the Company, h the fact of a SI < number , of ; d***, and .shareholders being scattered about in distant places, and !l C m e ,°, t ', in yer >' m W instances, respond to a call of opnion by the Directors. If the Directors of the Company find the above statement to be correct, I think it would be only fair and reasonable to allow all those shareholders who are willing to forfeit their shares to be allowed to do so, and be freed from an t further liability. 1 am, &c., A SirAREHOr/DEB. ' ' ' ""^ acscaao

? Regarding; the new Roman Catholic 1 Bishop-of-^/Vellinertop, the New Zea-1 >nd Tablet' of April 18, says:— The j Most Rev . Pr. ri ßedwoodr is the new ! Bishop of 'Wellington. His Lordship's 1 n ?. nr ?' n . a |WP by Propaganda; was made ; * on 'the^^ath 'of January last, and con-! firmed by his Holiness on tho 26th of' the r month. .The: brief, of h!s : Holiness* bears date- the 10th March;: *n^ Dr; Redwood was to have been 1 : iconseorate* 1 in Loudon' on last St. Saint by the Moat Rev. Archbishop Manning, assisted by the' Bishops of Birmingham and Southwark. We beg'.toicongfatulate the : clergy and laity of Wellington on Dr Redwood's appointment; He is a cdlorifsf, a member of the Mariat Society, and an k Eoclesiastic of high character for learning aDd virtue. The Australian Sketcher for this' month contains a view of the scene' of , the late> wreck of the two barques l Wellington and Cyrus. " '"- ''A." \ .... ., T ... c-.,_. .. ... »,;f "."•••'.. -. Tbo Taranaki Herald says^jjiiWtue 7 blast furnace now being constructed at .) fienui is capable of prdduciDg from 80 to 100 tons of pig iron per week. ' It is calculated tbat this furnace wouid consume the timberffom ove acres of forest per week, or 13,500 bushels of tcpql, and there would be required to 300 tons of magnetic iron and „ ; a-fld'alsfd' sbme 20 tb 30 tons of limestonj^ . Byr,afirenearLeiihfleld, Canterbury, a threshing machine belonging to Mr Gi^..WbVnall, and a portion of the cro P s or Mr D. Robeiteon have been .destroyed. The engine; was saved. A woman named WbitnYore, living in Christehurch, attempted suicide by —^swallowing a quantity of Barber's phosphorous paste, used for destroying vermin. She is re'eo'verinff. >■ P'7 I While a casting •tvas being made at the Temuka, the reservoirs for the molten iron gave way, and the metal ran in all directions, burning fearfully Peter Dugaldy on*e'<bf the fitters. It is stud that a new hotel is to be erected in a central situation in Duned in, the cost of which will be £40,000.