MEETING OF CREDITORS.

New Zealand Times, Volume XXXIV, Issue 5783, 11 October 1879, Page 2

MEETING OF CREDITORS.

A meeting of creditors of Mr. Sandbrook, messenger, wascalled for yesterday, but lapsed for want of a quorum-

THE avairarapa reefs. (-T.'-M nr;r, cor.r.Esrv'Nii':>T.' A inte-1 kv tli* Kt* • ’ nv- tiiiir t > riv? *vp---* the i; ‘- vcrnment tor n ? for uTi-u-'l j*_r rr-teft :• a to person? pr rj> -\\ -”.rb lsi:i«xs a* are not v. : u 1 UieH?, and c -ns »• uß?ufcly nor mi 1 .].0r t> t- ; - rraviJ.-ms of the ‘••inea Act, U 77. v.-r.* V M ; \* rio Club Hotel, "n Tk-nr-Jiy ;.:,-hy v.ben it was decided to ascvrt-dn lV*Ti« rise rncvibers of the Wairarapa district: the nuvkaMUty or otherwise of sending a dopat ation to the Ministry conn-rtent to explain th-> podth-ru and nvjje immediate act:..V vm“ or .a !*J:< to the chain-arm concluded the bu-iuess. The several srentlemen present, then nrocee-l?J to the terms and basis upon which t ■» start an association to he cnlicd the Feather-ton Prospecting and Mining Company, when it was concluded to form a company of on? hundred .shares at one pound each, payable on allotment, any shareholder being eligible to take one or more shares, and on receipt of sufficient; funu> to at once appoint a board of management, and send a couple of men into the rango*. The Government will then he applied to tor the subsidy of pound for pound, which by doubling the association’s capital will place them in a position to keep a couple or more men going for some mouths to come. Should they be so fortunate as to make a discovery of payable gold, or any other minevah it is oasv to understand how greatly the district would be benetitled by the increased activity which would be created direcr.lv or indirectly in every branch of trade, while the association would be directly recouped in a. substantial and very profitable manner by the acquisition of the prospecting claim and probable Government reward—and for a very modest outlay. A similar movement has been made by the Carterton-Taratahi people for prospecting their own neighborhood, and in each of these cases shares have been freely subscribed for. The time of the year is also opportune, and it is to be hoped that the examples given in the*? two cases will be emulated throughout the Wairarapa by the formation of other prospecting parties," for which there exists both abundant room in the immense stretch of hilly country in this district, and no small encouragement in the almost innumerable places in which numerous traces of gold have been found, frequently by pure accident and without the advantage of skilled and systematic search. The application for a prospecting claim by Messrs. Brandon, George, and Williams still remains in abeyance owing to the absence of sufficient legislation on the subject, and parties who would willingly commence operations on the line of reef, were this matter settled, an" the prospectors 1 boundaries defined, are unwilling to do ho under the palpable disadvantage of not knowing if the ground can be called their own.