SALE OF LICENSED HOLDINGS.

Te Aroha News, Volume V, Issue 254, 11 April 1888, Page 2

SALE OF LICENSED HOLDINGS.

Yesterday at noon, Mr T. Lftwlor, Clerk of the Warden's office, Te Aroha, by direction of the Warden sold at the Court House, the right to occupy licensed holdings declared forfeited by the Mining Inspector, and situated at Wairongomai as undpr :—: — Late Licensed Holding No 35, known as the Weiahiko No 2, late licensees the "VN'ei riliiko Gold Mining Company, Limited, .situated at Waiorongomai : Are.i 5 acres. Bounded on the north and west by J, C. Firth's Special Claim, and on the other sides by supposed unoccupied ground. Purchased at the upset price, £2 2a. by Mr H. H. Adams. Late Licensed Holding No 59, known as the Three Fools, late licensees the Waiorongomai Gold Wining anrt Quartz Cruhsing Company, Limited, situated at Waiorongomai : Area 4 acres 3 roods and 32 perches. Bounded on the north and east by the Prov incial Amalgamated late Licensed Holding, on the south by the Empire late Licensed Holding, and on the | west by the Gentle Annie Licensed | Holding. Pnrchased at the upset price of £2 2s by Mr H. H. Adams. Late Licensed Holding No 87, known as the Empire, late licensees the Waiorongomai Gold Mining and Quartz Crushing Company, Limited, situated at Waiorongomai ; Area 4 acres 1 rood .md 38 peiehes. Bounded noitheily by the 'ihice Fools late Licensed 1 folding, southerly and easteily by the Virginia City late Licensed Holding, and westerly by J. C. Filth's Special Claim. Purchased at the upset price of £2 2s by Mr 11. H. Adams. Late Licenced Hulding No 02, known as the Golden G.itc, Lie licensees tlit s Waioion^omai Gold Mining ami Quail/ Ciushintf Company, Limited,, situated <it Waiorongomai : Aie-J 1 acie and 35 porches Bounded northeily by Fergusons Special Claim, easteily bv the Provincial Amalgamated late Licensed Holding, southerly by the Gentle Annie Li- « censed Holding, and u esterly by the New Find Licensed Holding.

Purchased at the upset price of £2 2s hf Mr 11. H. Adams. Late Licensed Holding No. 107, known aB the Viiginia City, late licensees the Wiiioionqomai Gold Mining anr J Quartz Crushing Company, Limited, situaied at Waiorongoraai : Area 5 acres. Bounded on the north by theGalena Licensed Holding, easterly and southerly by Fergusons Special Claim, and westerly by the Empire late Licensed Holding. Purchased at the upset price of £2 2s by Mr H. H. Adams. Late Licensed Holding No 126, known as the Provincial Amalgamated, late licensees the Waiorongomai Gold Mining and Quartz Crushing Company, Limited, situated at Waiorongomai : Area 2 acres 1 rood and 30 peiches. Bounded northerly by Fergusons Special Claim, easterly by the Galena Licensed Holding, southeily by the Three Fools and Virginia City late Licensed Holdings, and westerly by the New Jfind Licensed Holding. Purchased at the upset price of £2 2s by Mr H. H. Adams. Messrs J. Me Oosh Clarke, Joseph Stacey and F. S. Margetts, etc., were present from Auckland ; but no bid was elicited with respect to any of the properties offered but the single one from Mr Adams, The result of tbe sale was a great surprise, as it was fully anticipated these claims would be very keenly competed for ; but whether any understanding had been come to prior to the hour of sale amongst those purposing to bid, or that others considered ifc would be useless to bid against Broken Hilt capital, we cannot say. It is understood, however, that Mr Adams' (acting for the Mount Aroha G. and S.M Co., late Battery C 0.,) instructions were to secure the claims, and we believe we are quite correct in saying Mr Adams would have gone as high as £1000 to £1500 rather than miss doing so. The Werahiko claim has now therefore become the property of Mr Adams, ! and the other five claims, comprising i what is known as Waiorongoraai G.M. Co.'s ground, was purchased by Mr Adams for the Mount Aroha G. and S. M. Co. One thing is ceitain the ground could not have passed into better hands; and it will be seen that already the Cj. invito fenders for putting in a main crosscut in their newly acquired property, a distance of of 500 feet, which work alone will probaMy cost close on L1OO0T."