LATEST AUCKLAND NEWS.

Thames Guardian and Mining Record, Volume I, Issue 225, 28 June 1872, Page 3

LATEST AUCKLAND NEWS.

(from our own correspondent.) MEETING OF GREEN HARP G.M.C. MEETING OF THE CURE G.M.C. MEETING OF THE BOARD OF HEALTH. AUCKLAND. Thursday, 8 p.m. A general meeting of the shareholders of the Green Harp G.M.C. was held today, Mr Horne in the chair. The report was read and adopted. Mr J. Gazalis was elected a director, and Mr George Fraser auditor. The affairs of the company were considered to be in a most satisfactory condition. An extraordinary meeting is to be held in a short time to alter the rules of the company. The s.s. Hero sailed for Sydney this afternoon, with the following passengers : —Captain St. Thomas, A. C. Stewait, E. Ewan, J, Sutcliffe, N. Murray, Goodn'l, Mrs Ritchie and child, S. Quinn, Mrs Robinson, Jamison, J. Neill, Mr and Mrs F. V7esion, R. Bachelder, 11. Eastwood, Logan, W. Gifford, W. Landers, J. Lord, Mrs D. Ritchie, F. 11. Cox, Mrs Windsor and child, W. Gasball, and J. Cruickshank.

An application was made in the Supremo Court this morning for a deed of arrangement in the case of John Wannoll. The applicant is a draper, recently of Grahainstown. The estate is estimated at over £IO,OOO. Mr Walter Hill appeared for applicant: He stated that the deed had been signed by three-fourths in number and amount of the creditors. The deed of arrangement had been made on April G, and the notice gazetted two days subsequently. A table of assets and liabilities had been duly forwarded to the creditors. The deed wes declared completely executed. The half-yearly meeting of the shareholders of the Cure Gold Alining Company was held to-day. There were a large number of shareholders present. Mr •J. P. DuMoidin, chairman of the directors, occupied the chair. —The secretary read the directors’ report, the mine manrger’s report, a report by Mr Wright, C.E., and also the balance-sheet made up to the 10th June. The directors’ report stated that the result of their operations during the last six months had been most successful. There was now a cp«h balance of £9ll 15s 6d in hand. T , reef the company are woiking on was the Go'den Crown Reef No. 2 and the average thickness of it was from seven to mnefeet, and it was becoming much sironger as it rises. The quartz was full of antimony and muodic, and possessed all the characteristics of the rich stone out of the old Golden Crown reef. A large saving had been effected by the present method of working the mine. A block of 60 feet in the underlie had been left, and during the past fortnight 14 men had taken out over 150 tons, at a cost of about 11s per ton, as per contract. Mr Wright’s opinion respecting the extent of the rich stone on the line of reef had been proved, and it was anticipated that it would rise with the reef to its cap near its surface, in which case some 250 feet in the underlie will have to be worked. The directors recommended that the new directory to be appointed should he paid at the rate of five guineas per month. The present directors retired, but were eligible for re-election. The balance-sheet showed that the first call on 7,910 shares had yielded £395 10s; second call o-i 6,554 shares, £163 19s ; for sales of gold, 4970 z 17dwt 9gr, £1,448 18s Id ; proceeds of tailings, £l2O 19s 9d ; making a total of £2,129 4s lOd. The expenditure for various things had been £1,217 9s 4d, leaving, as abovo stated, a balance of £9ll 15s Gd on hand. The capital account showed that there was £5,400 of uncalled capital. —On the motion of Dr Horne, the report and balance sheet, were adopted.—Some discussion ensued about 90 forfeited shares, when Mr Laishley moved, “ That these shares be left to the disposal of the directors on behalf of the company.”—Mr Solomon moved as an amendment that these shares be kept in trust on behalf of the company.—The amendment was carried.—Mr Burgess moved that Messrs J. P. Du Moulin, William Burton, George Williamson, A. Saunders, and 11. S. Ruddock be the directors for the ensiling six months. (Carried). —The Chairman stated that since the statement of accounts had been made up the directors had been dissatisfied with the yield of gold at some of the batteries where their stone had been crushed, and they resolved to give three batteries a trial to see which gave the most "gold for the same find of stone. The company were now taking out about 400 tons a month, and they saw no reason to suppose that such a yield would not be continued for a long time to come. They had therefore sent 55 tons of quartz to the Tararu Battery, which had yielded 9Goz. 14dwt. ; 50 tons to Goodall’s Battery, which had yielded 560 z.: 50 tens to the Tramway Battery, which had yielded 58oz. lOdwt. The meeting would therefore see that it was important to get the stone crushed at the best ba.tery. They would also see by this morning’s paper that the directors had declared a dividend of 2s Gd per share.— Mr John Batger was elected to the office of auditor to the company.—A vote of thanks to the cha'rman terminated the meeting. A meeting of the Board of Health was held to-day, at the Court-house. It was recommended that the Harbour - Master be instructed to refrain from bringing vessels arriving from America, Great Britain, and Sandwich Islands to their anchorage until visited by the Health Officer. It was also suggested that steps he taken i prevent persons from visiting the Hospital until it was known positively whether small pox existed there or not.

MEETING OF LICENSED SHAREBROKERS. A MEETING of the licensed brokers of the Thames was hold yesterday afternoon, at the office of Messrs Fra ter Brothers, at which all the brokers on the field, 17 in number, were present. James Skene, Esq., was called to the chair. The object of the meeting was. to consider various matters in connection with their business, such as the rates of commission, the issue of uncompleted transfers, the time to be Glowed for the completion of transactions, &c. They all agreed that 5s should be the lowest commission charged on any transaction under £lO. Above this sum the usual 24 per cent should be charged. It was resolved that Mr Hunter (this gentleman having consented to do so) should act as the representative of the whole of the brokers here, and take steps to represent to the Auckland brokers the action that had been taken by them in the matter, and request their co-operation with a view to Ihe formation of a properly-constituted Exchange, and the drawing up of a code of bye-laws or regulations for the governance of the whole as a body, in order that all the brokers in the province might be able to act in concert.

Something of this sort, we think, should be done by the brokers for their own protection, for, as was mentioned at the meeting, Dr Pollen, when asked if the Government would take steps to protect licensed brokers, told them that they would have to protect themselves by the Act. It is a well known fact that in spite of tho licence fee there are many what may be termed “ runners ” who still do business, and so, to a certain extent, deprive the bona fide brokers of a portion of their rights. By the formation of an exchange, with a properly constituted code of regulations, this would be done away with, and brokering business conducted with satisfaction to the brokers themselves, as well as to the public in general. We trust that the Auckland people will co-operate with us, and carry out the intentions expressed at yesterday’s meeting.