MEETING OF SHAREHOLDERS.

Thames Guardian and Mining Record, Volume I, Issue 218, 20 June 1872, Page 3

MEETING OF SHAREHOLDERS.

As will be seen by our report of the proceedings in the Warden’s Court yesterday, the celebrated Pukehinau case has been amicably settled by the different claimants, an arrangement having been come to by which a division was made, Kelly and party taking a quarter of the miue, and going in with Booth and party. After the case had been settled so far ns the litigation was concerned, no time was lost by those interested in taking action with regard to the immediate working of the ground. With this point in view, a meeting was held last night at the Pacific Hotel, at which all the shareholders were present. Mr W. Brassey was called to the chair, and Mr Booth acted as secretary. It was resolved to form a company to be called the White Rose Goldmining Company (Registered), the capital of the company to consist of £8,500, in 8,500 shares of £1 each, paid up capital nil. Mi W. Booth was appointed to act as legal manager ; Mr John Bowler, mine manager; Mr Wright, C.E., surveyor; and Mr W. L. Rees as solicitor to the company. Messrs J. A. Fryer, Thos. Healey, P. Kelly, Thos. O’Connor, and G. Fitzinorris, were also appointed provisional directors. Fourteen hundred shares are to be held in trust for the company, the balance being allotted to the shareholders. A plan of the ground is to De prepared at once, and the mine manager has received instructions to start work in accordance with the same without any delay, and as he has a good knowledge of the neighbouring ground, he will be able, no doubt, to proceed in an advantageous manner. A preliminary call of sixpence per share was made, and a considerable portion of this was at once paid, so that no delay need occur through want of funds. Now that all legal proceedings have bean quashed, there is every prospect of the White Rose soon coming into note, excellent gold having been taken from the surface workings long siuce, and the grouud being on the now well-known line of reef running from the Windsor Castle up through the Sons of Freedom, so that it may naturally be expected that when the low levels are opened up something will be obtained to reward the shareholders for any outlay th*y may go Jo,