SAXON GOLDMINING COMPANY.

Te Aroha News, Volume VII, Issue 439, 22 January 1890, Page 5

SAXON GOLDMINING COMPANY.

Auckland, Jan. 20. The annual general meeting of shareholders in the Saxon Goldmining Company was held at noon to-day in the Exchange buildings. There was a good attendance of shareholders, and Mr Charles Alexander, chairman of directors, presided. The secretary Mr D. G. McDonnell, read the report and balance-sheet of the Company for the The report showed »anextremely satisfactory state of affairs in the Company’s property. The past year - had. ! been a most successful one, and the directors con gratulated l the shareholders on the splendid property in their hands. During the pagbyeqr they had called qp only £4,000 ft-oni shareholders, and had paid thp sum of no lpss than £13,000 ip diyidends. The working of the mine had bpep very successful and they had now-' a balance ■of £6OO . from crushings in hand. The shareholders ■■ were in possession of a magnificant plant and machinery, in the most perfect order. The sprospects for the coming year were anticapated to be most successful, and on a par with the operations of the past:, year. The amount which had been paid away to the shareholders in dividends, was very large, and this should retain the confidene in the mine as a faithful paying investment. On the motion of the Chairman, seconded by Mr .f{ Reid, the’reppfb and balance-sheet were unanimously adopted, j The election of officers forth© ensuing year was then prpceedpq with. Messrs Wijsph and * Alexander■ offered -them-' selyes; for -.re-election as directors; and were: appointed; accordingly. Mr T. A. Menzies was re-elected auditor. At the proceedings the -rq shareholders present generally, expressed themselves as highly gratified with the result of the year’s opera•;ttoitt.Vis's<a-'. in** art- v.M J hi- ;- r