WAIHI GOLD MINE

Taranaki Daily News, Volume LII, Issue 380, 4 May 1910, Page 5

WAIHI GOLD MINE

ACTION BY THE AUCKLAND EXCHANGE. By Telegraph—Press Association. Auckland, Yesterday. Another discussion took place at the noon call of the Auckland Stock Exchange to-day regarding the sharp dedine that has taken place in the price of Waihi shares. Mr. Hull moved that a committee of two or three be appointed to go through the register of the company for the purpose of seeing what shares' had been transferred during the last three months, and by whom. Mr. AVhitaker seconded the motion. Mr. W. Colbeck considered it would bo more dignified if the chairman of the Exchange first wrote to the attorney of the. Waihi Company for ofl'icial information regarding the mine. It was possible that aler all this was onlv a huge scare. 'They did not know the true position, and therefore they should inquire at the head 'before investigating the register. Mr. Hull said that scare or no scare the shares wore falling seriously in price. These shares had been sold by hundreds and hundreds to people who did not know .but. the mine was looking as well as ever. Thousands of innocent people had bought these shares and. for anything he knew, the shares might also have been sold bv equally innocent persons, but when the price dropped from £lO to €7 15s it was fair to assume that there was something wm.ig at the mine. If such were the case, lie contended that shareholders had as liiiicli riffht to know the facts as (lie officials of the company had. After further discussion the motion was put and adopted, and on the suggestion of Mr. R. Prater it was decided that, the committee be empowered to employ a solicitor to make a search ot the register. On the motion of Mr. Colbeck it waj agreed that the chairman write to the attorney of the company and ask for some official information to enlighten the Stock E\'clian?e rewrdiicr thp%pri-' o:is dvon i'i tli" "i-''<>e o f H.* sb-'-'-cj lib ->|o jf; ujos }ouj\nj£ o QO)OAi3 loq.