GOLD MINING SHARES.

Wairarapa Age, Volume XXXII, Issue 9533, 3 July 1909, Page 4

GOLD MINING SHARES.

The innocent who buys gold mining sharei realises not always the Auckland "Star") the possibility s his purchase oper.s up to him. Occasionally his scrip may make arother transfer without any great loss to the hopeful speculator. 11 is on record that profits have been.made by such transactions; on the other hand,- he may, by the simple purchase of such and such promising stock at so many pares or shillings per paper shar?, become the beneticiar/ of a legacy possessing almost infinite possibilities, fcr he now acquires obligations to keep up his end of responsibility as a shareholder who, in the nature of things, has the privilege of participating, unwittingly, perchance, in all the profits a d losses and working expenses of that mine of which he is a part-owner. A fruitful source of the outlay to the shareholder is the call—simple and harmless enough looking in its individual proportion of one penny, say, pershai'e —but at times a most embarrassing quantify to the calculations of him who has brought on the everlasting "spec" for profit Sometimes when a call is announced, the dismayed shareholder prefers rather to forfeit than hold any pay up, and after "doing so he heaves a final sigh of relief, something to the effect, "Well, that was the best way to settle that little matter after all; and I'm well rid of the whole business" Sometimes he is rid of it, and sometimes his cup of chagrin is not yet full. So was it in the case of saveral ex-3hareholders against whom judgment ',vas asked and given in the Court, on Thursday last—shareholers w!:o must now discover that their privileges do not end with forfeiture. There is still the unpaid call to settle should the shares tail to attract other traffickers when put to auction.