The Murchison Goldfields.

Wairarapa Daily Times, Volume XV, Issue 4916, 3 January 1895, Page 3

The Murchison Goldfields.

A Dmedinite Buys a Rich Hine. Mr Joseph Stanley, of the wellf known N.Z. firm of Messrs Stanley anil Co, wool, grain, and general shipping merchants, arrived in tho. Colony (says the Gcraldton Times, W.A.) some five months ago. Having heard a good deal of our goldfields, Mr Stanley, whose business brings him to tho old country about once every two years, decided to give Western Australia a call upon his way Home. Ho subsequently resolved to como on to Geraldton, oventually arranging to make a flying trip to tho fields. Calling at Yalgoo,. he was very favourably impressed with that centre of the great Murchison bolt of alluvial country, but more particularly with the Emerald mine. The result of Mr Stanley's visit was that the Emerald was placed under offer to him at a fair liguro. The deposit being paid n over and tho agreement completed ™ in a most business-like manner, after a Hying trip to Cue and tho centres en route, Sir Stanley returned to Geraldton and went direct to London.

Arriving there, Mi 1 Stanley had very little difficulty in forming a company Amnion? his intimate friends to take ijjFovei' the property. The company comprises 55,000 shares of £l, and was duly registered as the Emerald Reward Gold Mining Company (Limited). Having finished all necessary business in London, Mr Stanley started once more for the goldlields, and has undoubtedly accomplished one of the smartest trips on record. Leaving Loudon on the 19th October, he reached Yalgoo one month and three days later. Retiring to Geraldton, a meeting of all concerned was held in the office of Messrs Bums, Philp, and Co. (Limited),on Monday, 2b'tli, when the wholeof the business was completed, including the paying over to each shareholder of his portion of thepurchaso money (£15,000), and the transferring of the scrip, amounting to one-sixth, iu the new company. Mr Stanley is more than pleased with lheconilitioiis,aiid with the assistance he has received. Personally we consider the whole transaction reflects the highestcrcdit upon Mr Stanley himself, not only that #he has completed the business to the satisfaction of his own people but that he has accomplished what has not always been heard of in London transactions. All the old shareholders expressed their intense approval and thorough satisfaction with Mr Stanley, and the straightforward manner in which the whole of the business was carried through. He (Mr Stanley) returns to Yalgoo for a few days,when he will proceed to Loudon, via New Zealand, where, no doubt, Mr Stanley's arduous labours will receive at the hands of his company that recognition he so richly merits. We have not the slightest doubt that his visit in our goldfield, and his taking such a

splendid property as the Emerald to the London maiket, will mean a more honest and solid advertisement for our goldfields than all the blowimg and puffing put forth can ever do for Coolgardie. The one great difference between our field and (he former is this, that while the « Murchisou has continued to progress slowly but surely Coolgavdio has been boomed and inflated beyond all reason, and certainly, we must admit, to the cost of the Murchison, so far; but there is no doubt that in the very near future things will take a turn in our favour, and when they do the success of the Murchisou as a goldlield is assured. And this change is only to be brought about by honest and solid transactions, and as such Mr Stanley's and the Emerald transfer will ever hold a premier place. It is such gentlemen as Mr Stanley, and such properties as the Emerald, that will go to prove that the Murchisou goldlield is well worthy of the attention of the British capitalists, and notwithstanding the croaking of certain would-be-considered experts, who have inspired articles from time to time in the Financial News and Statist, it is safe to state that the Murchison at no distant day will take up a premier position among the great goldfields of Australia.