TE AROHA. [FROM OUR OWN CORRESPONDENT.]

Waikato Times, Volume XVI, Issue 1404, 2 July 1881, Page 2

TE AROHA. [FROM OUR OWN CORRESPONDENT.]

Te Aroha Quartz Crushing Company. TiidßE was a meeting last evening of the shareholders of the Te Arohfi Quartz Crushing Company, Me. C. Gould in the olmr. The first bubiness was to re-elect the present directois, which was accomplished unanimously, and then the shareholders were brought to the consideration of the real business of the evening, which was, it is needless to say, of a financial nature. From the statement it appeared that about £750 of the outlay of £1150 on the battery and buildings have been provided for and that there are still about 60 shares unsold, and a balance of £350 requited to meet engagements. It was not considered advisable to make a call at present for several reasons stated, and there was every prospect of getting rid of the remainder of the shares in the next few months and as there were no expenses beyond that of £1 a week it was better to wait to see what effect a little more time and judicious management might have upon the prospects of the place. The bank would advance the amount of £350 upon the personal security of the directors, and the directors asked for a bill of gale of the property of the company to secure themselves in so doing. A proposal by Mr Stafford that this course be taken in preference to a mortgage, was seconded by Mr O'Halloran, and carried unanimously. After a vote of thanks to the chairman, and an expression of confidence in the future prosperity of the goldfield, in spite of the temporary reaction upon the first rush, the meeting was dissolved.

Waitoa Prospecting Association. There was another meeting of the directors of the Waitoa Prospecting Association, but no particular business was decided upon, and the meeting was adjourned. Mud is the predominant feature of everything here just at present, and everyone who has to travel either raves or grows melancholy, according to his disposition. However, the Board, or a Board; I am happy to record, has its gracious eye' upon us, and relief is coming, when it is too late to be of any ! use of course, for the gracious eye of a Board take 3 a long time screwing round to so small a place as Te Aroha. Men will, at that remote period "before long," be employed in filling 'up the hojes^ and makingithe- 'crodked ways straight, and we shall rise again ; but at>present the mild is a purgatory to all and sundry. — ' tJuly Ist.] ' . '

„; .Abotjt 30 persons were 'fouad' frozen to death on the Wilts, and Berts downs ' during" the severe weather of last January.