NELSON.

New Zealander, Volume 8, Issue 692, 1 December 1852, Page 3

NELSON.

(From the " Examiner," October, 23.) Markets. — Wheat still continues at from 6s. 9d. to ?s. per bushel, and flour, for which there is a good demand for exyortation to the neighbouring settlements, is realizing „£lB to £9 a ton Potatoes are scarce and are fetching irom 4s. to 6s. per cwt. Barley and oats are selling at sa. per bushel. Butter sells at Is. 3d. per lb., and eggs nre Bd. p°r dozen.

Nelson Mining Company. A meeting of the shareholders in this Company ■was held in the Court House, on Tuesday the 12th instant, "to receive the report of the Provisional Committee, and to transact other business." Mr. Stafford being called to the chair the Secretary t*ead the following report : —

Gentlemen, — In pursuance oi the resolution passed at the meeting held on the 10th of June last, your Committee have taken such proceedings as appeared to them to be necessary for carrying out the objects of the Company ; and beg now to report the result of their proceedings. A Prospectus stating theobjects of the Company and embodying the resolutions of the 10th of June, was prepared, and has for some time past been published in the Nelson Examiner. It has also lately been published in the Wellington and Fort Cooper papers. Share lists have been opened at the offices of the Secretary and Treasurer, and the number of shares subscribed for to this date is as follows : — Original £5 shares, upon 144 of which deposits have been paid — 187. £1 shares transferred from the late Pakawau Coal and Mining Association and converted into £5 shares, the deposits upon 290 of which have been received — 61. Making a total number of shares actually subscribed for, 0f— 248. <Vtid a total amount of deposits received of £50 10s. ■ Share lists have recently been opened at Wellington and Port Cooper; Messrs. Ilcrvey Johnfcton, and Co., of Wellington, and Messrs. Cookson, Bowler, and Co., of LytteUon having been respectively appointed agents of the Company, but your Committee is not aware that any shares have yet been subscribed for at either of those places. A communication has however been received from Messrs. Hervey, Johnston, and, Co., stating that In Wellington, the feeling to take shares is very general, but that persons are deterred from doino- so at present, in consequence of the unsettledness arising from so many people leaving Wellington for the Australian gold diggings.^ Several members of your Committee visited the Pakawau Coal District, in the early part of last month, and the result of their visit is embodied in a report presented to the Committee on the 21st tilt., and which has since appeared in , the Nelson Examiner. Your Committee have communicated with his Honour the Superintendent, respecting the acquisition of a block of land, either on lease or by purchase, and although they have as yet received no written reply to their communication, they are assured that the Local Government will givethem a lease of eighty acres of land, for the period of twenty-one years, at a royalty of one-fifteenth of the minerals actually raised : reserving also to the Company all necessary road through the adjacent parts of the demense lands of the Crown for the purpose of then 1 works. Your Committee have not been informed of the probable upset price of the land in the event of the same being put up for auction. _ Your Committee have deemed it advisable to advertise for a manager competent to undex'take the winning and working of the mines, in order that if the shareholders should consider it desirable to proceed .with the formation of $he Company, no unavoidable delay in commencing the works should take place. The report was unanimously adopted. After a desultory conversation upon the expediency of at once forming the Company, it was proposed — "That a special General Meeting of shareholders be held on the 11th of November next, at the Court House in Nelson at seven o'clock in the evening, to consider whether, notwithstanding that the number of shares than subscribed for, should fall short of that fixed by the original prospectus, the Company should not at once be formed." The resolution was earned, and the meeting separated,