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TE AROHA. [FROM OUR OWN CORRESPONDENT.] Te Aroha, Thursday.

Thk lesuinption of opeiations m the chum of the Colonist iJoldmming Company, on which pioppity woik has leeently been started afiesh, is not, undei tin 1 circum stances, regarded with much satisfaction by sh.ucholders, noi by thosp who have thn pio^perity of the Roldfield at heart, and it inn»t l)i» admitted that tho conditions under which the working of the mines is now earned on are not sncli as to can>e much gratihcition. By arrangement latel\ entered into, tlie full contiol has been li.mdod over by the directors to the Bitteiy Company, nnder wlio-e dnection opeiatioiih in the mine arc now conducted. Tins pioceeding has n.ituralh given use to much dissatisfaction among shareholder, whose wishes in the mittei do not seem to has e been consideied. and whose interests also appear to have been altogether ignored. The substance of the agieement is bneflv this: The Batten Company aieemp.meied to woik the mine as they please ; tho cost of breaking the qumU and crushing it to bo a first charge iipnn the gold obtained, and tlie kil.incc (if any) <>f the proceeds to lie paid to the owneis of the claim. These terms may seem reasonable enough to pelsuns not acquainted wtih all the sm round ings of the case, but in leabty they are not so, for they make the interests of the shareholders altogether secondax y to tho--e of the Battery Company, and it is therefore not .sui prising that those persons who have held on to their shares, in the hope that they might ultimately becoino of some \alue, should object to their property being thus loosely dealt with. Doubts have been expressed as to the legality of the action of the directors, and it is not improbable that an attempt will be made to have the agicement annulled. Complaints have for .some time been nfc among the occupiers of business sites in some of tho back sheets of the township with legaid to the high rents they ha\e at present to pay for allotments which are of no uso for business purposes. It is felt that under existing encumstances the yearly charge of £"> for sections thai aie occupied merely as residence sites is \oiy oppiessne, and a movement has been made in oidci to have the huidcn in some w.iy lightened. The ground is held under the goldfields legulitions, and the lents weie fixed in .iccoi dance with them, but it is undei stood the proprietor, Mr (ieo. Lipsey, is inclined to modify in some way the con ditions of lease, and sortie satisfactoiy auangument is likely to be aimed at. The electric appaiatus pioiiuscd by Mr Lemon for nse at the baths has nrthed, and has been placed in the No. 3 bathhouse. It is now m operation, and those who ha\e dipped in the electrified wateis spe.ik liifjhly of this, Litest hujnovemont, which cannot fail to greatly enhance the value, as well as tho attjactions of tho spiings. Tho instrument is of the kind known as Le Klanche, and when once fully charged will act foi months without fuither attention. It is to be legietted th.it the improvements recently clFocted on the sidewalks of our main stieet ha\e not been extended towaids the post oil, ce Tlie leoent wet weather has made tho load in tint dnection m lathei .1 bad state, especially for those whose business t ikes them th.it way after nightfall, and some etfoit should at once be mad' 1 to have it in some \va.y improved. The leguhi sitting .if the 1{ M. and Wai den's Cotuts weir held on Tuesday, but the biisiii^-s hi b"th w.is light, and of no genei .tl inh ie--t

Permanent link to this item
Hononga pūmau ki tēnei tūemi

https://paperspast.natlib.govt.nz/newspapers/WT18850613.2.26

Bibliographic details
Ngā taipitopito pukapuka

Waikato Times, Volume XXIV, Issue 2018, 13 June 1885, Page 3

Word count
Tapeke kupu
623

TE AROHA. [FROM OUR OWN CORRESPONDENT.] Te Aroha, Thursday. Waikato Times, Volume XXIV, Issue 2018, 13 June 1885, Page 3

TE AROHA. [FROM OUR OWN CORRESPONDENT.] Te Aroha, Thursday. Waikato Times, Volume XXIV, Issue 2018, 13 June 1885, Page 3

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