MEETING OF SHAREHOLDERS.

Thames Guardian and Mining Record, Volume I, Issue 243, 19 July 1872, Page 2

MEETING OF SHAREHOLDERS.

HAND AND BAND G.M.C. Thu annual general meeting of the Hand and Hand Gold Mining Company was held yesterday at the office of the company, 0 wen-street. The following extracts we take from the directors’ report : “ Your directors, immediately after appointment, took the advice of Mr Wright, mine engineer, and others as to the best method of opening works to prove the value of the property. It was determined to sink a shaft to cut the lodes supposed to exist in the ground, and great difficulty was found in procuring a position for the same, in consequence of the available spots being occupied by tenements. In August, 1871, your directors, acting under the advice of Mr Wright, purchased a residence area from the occupant, aud on the site a siiaft was sunk, 7 feet 8 inches by 3 feet 8 inches in the clear, timbered with sawn heart of kauri, and carried by sundry contracts to a deptli of 116 feet. Your directors determined to enter and continue a drive already on the ground, in order to cut a gold-bearing leader reported to exist iu that direction. This lias been done by sundry contracts, and carried in a distance of 261 feet, and a tramway laid throughout. A small leader was cut in this drive, but no gold was seen in the quartz. In the shaft a strong quartz lode wan cut containing a quantity * of mineral, but no gold was Been in the stone, and the surrounding country was of so hard a texture that it was considered better to delay driving on this lode until the shaft was sunk a further depth, in order to reach ground more favourable for tiiat purpose. Your directors have found it necessary to forfeit shares for non-payment of calls, amounting in number to 1,766, for the disposal of which au extraordinary meeting has been called, and which the shareholders will have to deal with.” '*

The balance-sheet showed the receipts to amount to £427 18s, and the expenditure to £4lB 6s G'l, leaving a balance on hand of £9 11s 4d. M CALYPSO. G.M.C. A general meeting of the shareholders in the Calypso Gold Mining Company was held yesterday afternoon, at the office of the company, Brown-street, Graliamstown, a good number being present. A Ihence lias been granted for the company’s ground (late the Alhambra claim), ail opposition to it having "beeir 'tvif hdrawn. The general Imsim-ss of the meeting was satisfactorily carried out, and the following gentlemen were elected directors:—Messrs D. T’ookey, J. Muir. P. Wood, J. Gibbons, and Maurice Power.