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TE AROHA .

Meeting of Shareholders.' A largely attended meeting of the New Find, English Army, and Premier, was held at Mr G. O'Halloran'si on Saturday evening last, to determine the advisability of acceding to the offer of Mr J. C. Firth, in relation to battery power for the new goldfield. Mr Whitaker was called to the chair, and in a neat and j appropriate address pointed clearly to the great requirement of the 'new field, viz.: the Avail t of a quartz-crushing mill. That desidei'atum, he then showed, rested entirely with theprescnt representatives of the meeting, inasmuch as Mr Firth had made certain proposals for the erection of a powerful crushing plant of 40 stampers on the Waiorongomai Creek, in consideration of receiving from the New Find Gold-mining Company 2000 shares, Premier 2,000, and English Army 2,500 shares ; these companies respectively, to have at all times a prior right of ten head each, and at a moderate cost of ten shillings per ton for crushing, the remaining head to be set" apart for public use. The time fixed for their ultimate decision had arrived, and as Mr Firth, was present he would call on that gentleman to express his views on the matter. Mr J. C. Firth'stated he had come that evening for the purpose of knowing. the decision arrived at by the representatives of the companies above referred' to. He showed,.that the mill proposed to be erected,by him would absorb a sum of between £7000 and £8000, and would, when finished, be replete with all the latest modem appliances for paving gqld, the whole to be turned out and ready for action within six months, and, if- it could possibly be accomplished.* soonpr., He further stated that some, short time since, hearing the great want of the field was battery power, he had purchased ,the Piako mill at Grahamstbwn for the sum of £2000. Now, for the erection of $his splendid plant, approximating the new goldfield, a, further sum of between £5000^. and £6000 would be required. This, however, he was prepared to risk, even in the present undeveloped state of the. field, , provided the terms'referred to were agreed upon. Mr Jb'irtlt als6 mentioned that in his proposal to erect the battery in question he was by no means actuated by macinery motives, but rather for the general welfare q£ the. district. He also alluded to the many advantages offered in the district, in the way. of taking up land which could be acquired on reasonable, terms. The great question of the meeting ,being then put as to,whether a compliance with the terms proffered by Mr Firth had been agreed upon 1, resulted in favor of the, .battery, and a general vote of, tkanks brought the meeting to a close. In conclusion, I would add that Mr Whitaker since the.opening of the field, has ,been indefatigable in his efforts to promote the advancement of mining interests^ and so far his endeavours have been crowned with wonderful success., r Mr Firth also, for his enterprising'speculations amongst us in gold ininining matters',- 'certainly merits that reward, tfhich ultimately we sincerely trust will be his in the shape of lastingiand continuous dividends.

The Mines. English Army. —A new find has been met with last week, which is likely to lead to important results. In an outcrop of gpocUooking sandstone? tlirqjigfy which many quartz leaders traverse, a shot was put in, and some oHhe rock thus blown out was found to contain very good gojd: 'in'my'riextr hopeftorbe 'able, to,, give more.^arttculatrs as to' the nature of the 'i"cw M dis'covery. , ( l,. t'' „'',' %o ', ' Premier. AAlmbsfeifiverjrsHpt fired last wgek"'' in breaking; "doV^n tjjb reef. dis- ' closed goo'ct'crushiiig" matieri'altbe'reef is 'between*"! 5" and 5 feet * wide wher3" they are working, whicl\ js about 10 ifeeYfronv the^en'd of/thY 'tunnel. Mr Gavin ~:the t mine^nianager,,, jai^ticip^tes^ the^ finding 'of nidre^gbod^stoiife' ahead jxptn^pi^ent indications.'—[Own Correspondent, 'April mil,] y -"-^ ' ''' ' .

Permanent link to this item
Hononga pūmau ki tēnei tūemi

https://paperspast.natlib.govt.nz/newspapers/WT18820418.2.12

Bibliographic details
Ngā taipitopito pukapuka

Waikato Times, Volume XVIII, Issue 1527, 18 April 1882, Page 2

Word count
Tapeke kupu
650

TE AROHA. Waikato Times, Volume XVIII, Issue 1527, 18 April 1882, Page 2

TE AROHA. Waikato Times, Volume XVIII, Issue 1527, 18 April 1882, Page 2

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