BRIGHT SMILE AND QUEEN OF BEAUTY.

Thames Guardian and Mining Record, Volume I, Issue 244, 20 July 1872, Page 2

BRIGHT SMILE AND QUEEN OF BEAUTY.

After dragging oil its slow course for a very long time, the law-suit between these two claims has at l.ngth been brought to au end. This was not done in a court of law, but an arrangement has been arrived at, of which the following is the digest: —■The Bright Smile give up all claim to the disputed ground, which consequently remains the property of the Queen of Beauty, and at the same time they pay the Queen of Beauty the sum of £SOO in satisfaction of all claims against the Bright Smile Company. At the same time, the Queen of Beauty shareholders guarantee oil their part not to take any proceedings for the recovery of the value of any gold that may have been taken from the ground by the Bright Smile Company. The latter have, of course, at the same time, to pay all their own costs, which amount to something very considerable. The price paid is rather a heavy one,-and should be a warning to directors on the field not to rush headlong into a law-suit without having good grounds to go on. The dispute as to the title to mine in this ground lias militated agaiust the interest of the Bright Smile from the very first, and has had the effect of keeping their stock at.a low price in the market, and after all they have had to give in and acknowledge that they were in the wrong. Now that everything is settled, we have no doubt that the mine will be brought more prominently before the public than it has been in the way of dealing in their stock, which has for a long time been scarcely mentioned in brokers’ quotations, either at the Thames or in Auckland.