FURTHER FALL IN WAIHIS

Taranaki Daily News, Volume LIII, Issue 223, 3 January 1911, Page 5

FURTHER FALL IN WAIHIS

THE CAUSE OF THE DECLINE. IBy Gable—Press Association —Copyrisht. London, December' 30. 'She Financial News says that the! Waihi .goldmine has become .a prey to ■ramar largely because the directors do mot publish progress reports. Vaihi shares at quoted at: (Buyers :S2s 6d, sellers 955. i " :| .AUCK.LAXD VIEWS. J COMPLAINT NOT JUSTIFIED. By Telegraph.—Press Association. Auckland, .Mr. Charles Rhodes, local attorney for' file Waihi Company, interviewed regarding the drop in Waihi shares and the cabled statement by the financial 'News " that the company is the prey to rumor, largely because the directors do, not publish progress reports, said that there was no justification for complaint as to lack of information regarding development work at the mine. The com-: "pajiy published more details concerning derations at the mine than any concern, lie knew of. Mostly reports giving full particulars of work were handed out. and quarterly reports were issued to shareholders. He knew of no other con-, cern that issued quarterly reports. Taking the monthly reports and annual reports, which contained nothing more than was in the former, an engineer' could, by spending a little time, work out a correct statement of assays, yields and everything else useful, without going near the mine. He knew this was done in London at the present time. The drop in the quotation cabled he admitted was staggering, but he could offer no explanation as to the cause.