TE AROHA.

Waikato Times, Volume XVIII, Issue 1507, 2 March 1882, Page 2

TE AROHA.

A very general feeling of confidence pervades this community both amongst the business people and the miners, considerably heightened by the richness of the specimens lately taken from the New Find Claim. All experienced miners are sanguine ot the payable returns that will come in from a very large number of the claims, when batteries are available and steady work is fairly entered upon ; in, fact now, it might almost bo said, that on every claim where any work at all has been done, satisfactory results have followed. Tuesday morning reports were brought in that good gold-bearing stone had been come on in the Nevada a claim, to the north of the Golden Crown. Almost every day fresh finds are reported. Shareholders in many of the principal claims are wisely discussing the question of amalgamation and forming strong companies, keeping in hand a good proportion of unallotted shares for sale from time to time, as required, for the development of the mine. This will do away with the necessity of calls, and give the shareholders much more negotiable property to dispose of in scrip, than as now, in halves or quarter shares, &c. The shareholders in the Golden Crown, Young Colonial and Queen of Beauty, will meet on Saturday to arrange for forming acompany, with 40,000 shares, upon the proposed basis of allotment as follows :— Golden Crown, 10,000 shares ; Young Colonial, 10,000 shares ; Queen of Beauty, 4,000 ; holding in reserve 16,000 shares. The shareholders of the Diamond Gully, New Find and Canadian, also meet the same evening, but the proposed basis of amalgamation has not yet transpired. One of the most genuine guarantees as to the confidence in the prospects of the field, is the fact that Mr Cook, of Tararu, has made arrangements for the erection of a 20 -stamp battery. The site has been chosen to suit the New Find and Golden Cvown claims, and the preliminary steps are well forward. Mr Cook has been looking over the ground to decide upon the best means for transporting the heavy machine to its destination, and expects, under^ ordinary cirmstances, to have everything in working order in ten weeks' time.