HALCYON QUARTZ MINING COMPANY.
The half-yearly meeting of the company was held at the Empire Hotel on Monday evening, the 3rd instant; Mr E. Suisted, Chairman of Directors, in the chair. The shareholders present were Messrs Seaton, M'Leod, E. Suisted, Fisher, Bailie, Sheahan, Carne, Spraggon, Andrews, and Muuro ; representing 17,4-15 shares personally. By proxy 11,851 shares were represented, making a total of 29,290 shares.
The minutes of the previous meeting were read and confirmed, and the following business was transacted : The reports, as published, were read, and, on the motion of Mr T. Bailie, seconded by Mr Andrews, were unanimously adopted. Moved by Mr Fisher, seconded by Mr Bailie, " That further work on the claim be suspended until negotiations have been definitely concluded regarding the erection of crushing machinery." Moved by Mr Fisher, seconded by Mr Draghicavich, " That the Company authorise the directors to allow any persons erecting five head of stampers on the claim at Mokihinui, with necessary driving power, one half of the proceeds of the crushings until the erectors are repaid the cost of such machinery, and in addition a bonus from the company of £SOO. Also for the erection of ten heads of stampers, the same terms, with a bonus of £1000." A vote of thanks to the directors terminated the proceedings.
A meeting of directors was held immediately after the conclusion of the general meeting, and the following resolution was unanimously adopted : " That taking into consideration the present position of the company, and pending negotiations for the erection of machinery, the further employment of labor in the claim be deferred; but that immediately on terms being arranged, the mining manager, Mr Champion, be re-engaged."
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Westport Times, Volume VIII, Issue 1200, 7 August 1874, Page 4
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279HALCYON QUARTZ MINING COMPANY. Westport Times, Volume VIII, Issue 1200, 7 August 1874, Page 4
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