THE Evening Star. PUBLISHED DAILY AT FOUR O'CLOCK P.M. Resurrexi. MONDAY, APRIL 9, 1877.

Thames Star, Volume VII, Issue 2575, 9 April 1877, Page 2

THE Evening Star. PUBLISHED DAILY AT FOUR O'CLOCK P.M. Resurrexi. MONDAY, APRIL 9, 1877.

It sometimes happens to coxae r trueof fortuate incidents as of unfortunate accidents that tliey do not occur singly^ When the recent splendid find in the Moanatairi; startled from, their lethargy all who .were interested as shareholders, and woke up: many others, who had no direct interest in the rich prospects suddenly opened to desponding shareholders, to a little more activity, at,once arose SoriteV prophets, whd prophesied that there would be aure; to happen some other event which would afford.. equal matter for congratulation with the Moanatairi rich find,. These prophesies hay r e ...come r . true, Qn Saturday reference was made m' our mining column to a very gratifying circumstance in connection with the Piako Company, namely, ..the discovery of a piece of fairly rich stone at a depth of ,45|6> feet from the surface* and, as the manager of tibe company remarked, " the deepest gold yet got on the Thames." This event has been followed closely by another discovery of the greatest importance, namely of gold in the low level of i the workings from the Pumping Association shaft, in that portion of the Kuranui Hill United Company's ground formerly -known as the V;Albion. The depth at Tyhich this latest discovery has been made is even greater than that of the Piako, being 640 feet down. We regard i these almbst simultaneous proofs of the existence of gold at the low levels as of immense importance—equal,in fact, to the' picking up of that rich run in the MoanatairL True the latter proves directly rejmuheratiyei to the shareholders, and adds to the material wealth of the district; But the other discoveries disprove the theories of those individuals who baYe presumed to say that the gold would not be found at low levels on the Thames. F Encouraging as was the discovery in-:t^ Moanatairi, these low levels finds are more .so; and the directors •. of v other companies having ground abutting on the Pumping As-; socialion's freehold, and',in a x^osition to obtain access to their mines from the .Big Pump shaft, tfan scarcely fiiid any further, excuses for not working their ground, and we trust the County Council will call their-attention to the matter at

onee v One word as to r the action of the Borough, and County Councils. It will be remembered tbat these local bodies took over—the one a liability equalfe its share of the gold d*uty, the other valuable securities and a possibly contingent liability. This" action was entered upon 'when, the stoppage of the Big I*ump was imminent, and had not this course been adopted the shaft would probably by this time , haye _„_ b~e'e!n.. shut down, with water invading or in possession: of the very workings whence golden stone has no recentlyrbeen taken. The Councils certainly went as far as they >c6uld possibly go in accepting these responsibilities, and persons go the length of asserting that they exceeded their powers. However thr t may

be, if the arrangement now comesout right, they may lay some claim to credit for their pluck and foresight; for their action may have been the salvation of the district, or, to^say the least, its salvation from a period'of depression worse than any that has yet been experienced, and the retarding of its progress for years. We .tbitik that the events of the last few days bear out these conclusions.