MINING COMPANY MEETINGS

Thames Star, Volume VII, Issue 2024, 30 June 1875, Page 2

MINING COMPANY MEETINGS

ALBION LICENSE (TAIKUA). : A meeting of shareholders in the Albion licensed holding was held at the Pacific Hotel last night at 7 o'clock, at which there was a good attendance. Mr McCullough was in the chair. After the affairs and prospects of the claim had boen discussed, it was decided to form a company with a capital of £10,000 in 10,000 shares of £1 each, nil paid up. A preliminary call of £3.per 4full share—of which there are twenty—was levied. Mr J. R Wardell was appointed legal manager. The name of the company is to be the Troy Goldmining Company, the original intention of calling it the Albion having been abandoned ;in consequence of there being a company with that name in existence in the Thames portion of the Hauralti G-oldfield. QUEEN OF THE MAY.

The half-yearly meeting of the shareholders was held last night in the Hall of the Mechanics' Institute, Mr McTntyre in the chair. :, . : The minutes of lait meeting were read and confirmed, and the following directors' report was read:-— , „ , ; i " Report of the directors of the Queen of the May Goldmining Company/-re-gistered, to the shareholders on 29th June, 1875:— 7 i j ; \,. "Thedirectors in submitting the halfyearly report have to congratulate the shareholders on the improved prospects of the company, as since the commence-, ment of crushing in March last thereturns'have been considerably more than I payable, and rerj steady yielding. From 1651 loads 'of quarts 1000 ozs. 7 dwts> 18 grs. of gold was , obtained ; average value nearly £2 16s 3d per ozV, realising £28401?s8d. The total expenses of L the mine (including about £150 of outstanding debts due at last half-year) have been £2717 Is Id. .The.first three months of the half-year (including cost of hopper £97105) absorbed/£590. The directors refer to the mine manager's 'report"for full particulars regarding the mine and its future prospects.: L A rid; if the quartz continues to yield gold as well as it'is doing at present, the directors and shareholders will beiwellOsatisfied with the value of their property. And the directors hope that they will be soon in a position to pay dividends." ::/jf : - The balance-iheet showed a balance of £75 5s 9d on the half year, but it is estimated that the' company will have a balance of fully£loo after paying the; expenses of the current month.

The mine manager's report was satisfactory, disclosing the execution during the past half-year of a vast amount of work, and speaking hopefully of the future prospects of the mine. We have not space to publish the report in full. ■■"■'■■'Bothreports were adopted, and there being no other business the meeting adjourned.

CEO WIT COMPANY. A meeting of shareholders in the Crown licensed holding, granted by the Warden yesterday, was held at Mry Chapman's office at noon to-day. A company was formed to be called "the Crown G-.M.C0., with a capital of £10,000 in 10,000 shares of £1 each —nil paid up. Provisional directors were appointed, and Mr J. A. Chapman was elected legal manager pro. tern. The Crown license adjoins the ground known as the Risk, now a portion of the Ajax. Mining operations are to be commenced forthwith.