THE LONDONDERRY MINE.

Wairarapa Daily Times, Volume XVI, Issue 4998, 10 April 1895, Page 2

THE LONDONDERRY MINE.

Pekih, April 9. Lord Fingall, upon being interviewed, coniirmK the recent cables respecting the cutting out of the rich sbott at the Londonderry mine.

The Directors, be says, were entitled to tho first information', hence his withholding of news on the field itself.

On lii's arrival ten days ago, a start was made to open up tho golden hole, and live shoots di closed the fact that the gold did ft go deeper than the blocks in sippf' when the prospectors sold the property. He stopped work and cabled the news to London, and the Directors instructed him to secure reports from Captain Matthews and Professor Nicholls, who reported for the purchasers originally. Both confirmed the news of the cutting out of tho shoot. They had expressed an opinion that tho shoot might not be continuous.

The rich patch hole has been carried down three feet, but so far no ohamjo has been found in the reef, which is merely ordinary battery stone. In the tunnel, at 60 feet level, stone with good gold is still being found, but as yet too little. work has been done to enable an opinion to be formed. He said he had no information to give respecting Colonel North's offer, but thought the mine should be thoroughly tested, as well as the seven adjoining blocks, purchased by the Company. The cutting out of the rich shoot camo as tremendous sjk prise to him. W (Received April 10,10.15 a.m.) London, April 9. Colonel North declares that the gold in the mine must have been stolen.

(Received April 9,6.30 a.m.) London, April 8.

With reference to the Londonderry mine, Colonel North, one of the chief vendors, has altered his previous offer, and now declines to accept any money in connection with tho mine until the shareholders have received their money back, and S per cent, interest.

Shares in tho Londondeiry mine have advanced, thoy are quoted at 16s 3d,

(Received April 10,10.30 a.m.) London, April 9, Colonel North exempts shares reserved for the discovercra of the Lfrk donderry mine from the bonefLnps'' his offer. The Board of Directors has resolved to request tho Western Australian Governmont to appoint an expert lo reporton the Company's properties. MrT. Heritt will follow Colonel North's example.