STRONG CRITICISM

Sun (Auckland), Volume IV, Issue 1066, 2 September 1930, Page 7

STRONG CRITICISM

WORKING OF LUCKY SHOT MINE “VERANDAH-POST MINERS” “There are too many verandali-post miners. More men should be underground and the work could be gone ahead with in earnest,” declared Mr. G. J. Rawlinson, a shareholder, at the annual meting of the Lucky Shot Gold Mines, Ltd., yesterday. There was some dissatisfaction with the report. “I can’t compliment, the directors on the working of the mine,” Mr. Rawlinson said before the report was adopted. “Last year the prospects looked so rosy that it was proposed to install a battery, and start crushing operations straight away. The directors were to go to Thames and look round. That would have been a good idea, but fulsome reason it was dropped.” Mr. Rawlinson criticised a report at the meeting that a portion of the reef I had been let to tributors. If there was nothing in the main reef, why did the | company make the stipulation that the tributors were not to work in the whole of the main reef. In his opinion th® work as proposed last year should •hare been gone on with. “If energy were put into the work the confidence of the public would be restored and more money would be available for investment.” He considered that the main reef should be opened up and the rich stuff mixed with the poor. According to the chairman, Mr. R. Sheath, the directors had acted on the advice of their mine manager. Last, year things had looked better, but it was impossible to see underground, and, after one or two crushings, it was deemed advisable to stop work. It was the mine manager’s opinion that the sooner the mine was shut up the better for the shareholders. At present the company had £450 in cash, and the directors thought the best, thing to do was to let the mine. Last year negotiations were in hand for the installation of two batteries, but, before these were finished, it was found that the gold had petered out. “We are sick of trying. Would you like to have a shot?” answered the chairman, when Mr. Rawlinson expressed surprise that the Government did not come to the aid of the company. I The report and balance-sheet were adopted. Mr. R. Sheath and Dr. .T. B. Liggins were re-elected to the directorate, and Mr. J. C. Gulliver was again appointed auditor.