OHINEMURI GOLDFIELD.

Waikato Times, Volume XXVII, Issue 2189, 20 July 1886, Page 3

OHINEMURI GOLDFIELD.

I FROM OUR OWN CORRESPONDENT.] Karangahake. Vaeroa, Saturday. Woodstock. — A meeting of the directors of this company is to be held at it* offices, New Zealand Insurance Company's Buildings, Auckland, on Monday next, in order to consider a proposal made concerning the furnace. I understand that Mr Chambers (of T. and S. Morrin), who bought in the equity of redemption of a mortgage on the company's property, has offered the furnace, tramways, fluxes, materials, and the whole of the smelting plant to the Woodstock Company for the sum of £3000. The terms are remarkably liber.il, being as follows:— The whole plant in its entirety be handed over to the company, and the purchase money to be paid as the profits of the smelting works accrue, at each b dancing 50 per cent, of the profits to be paid over to Mr Chambeis, until the entire amount has been paid. This looks something like the horsey notion of an owner paying his nomination and acceptance out of his winnings, but it sshcwN rh.it Mr Chambers, who should know what he is doing, is quite satisfied as to the bon.i tides of the concern. There are upwards of 500 tons quartz now in the paddocks, &c, and there i-* no doubt that when the furnace does make a stait Karang.ihakc will bo the scene of another pegging out match. Adkmxk.— Tho parcel of ,"»0 tons reserved for crushing is being carted down to the battery, and a start has been made to crush. The return will probably be a handsome one. Kevhavoiu'H. — A parcel of 10 tons of ore is being broken out to be .sent to Europe, per "-.s. '• Aorangi." Ivaxhok.— A tunnel is being put in on the Sir Walter Scott reef, which average* about two feet in thickness, and carries free gold. The bittery is at work on Adeline »tone, which shows well on the plates. The Rose quartz will be next operated upon. Quartz Reduction Work.? (Lnrifrcn).— Nothing fresh to report. Good work continues with the fine weather. _ All the last consignment of machinery (siv tons) is on tl.e ground. A number of old claims with now names arc being taken up already, with a view to the piobable boom which is expected to occur as soon as the new reduction woiks and smelter stait, among them being the Monastery, Lite Gladys, where a good reef exists Golden Point, and Jjeamington, and it is expected that others will soon be pegged oiit. M.uiy miners are disappointed that piovision has not been made in the new Mining Bill to allow those who take up old claims which have been deserted or forfeited to make use of the old survey, providing they keep to the original boundaries, and so save a large and unnecessary expense.

Waihi. Silverton.— 7*>ft. of driving on the footwall has been done south of the winze. About 18 tons quartz to grass from the drive past the winze, .ill of it looking A 1. Union.—P addocks full of quartz. Over 120 tons in hand. A start has been made to crush at the Martha battery, and the plates look well. Mr J. W. Walker is here. Martha Extended. — Good atone from lower workings. Old workings being filled

General News, Mr Witberby, Government surveyor, has finished the Survey of the Thames-Te Aroha railway, and is now engaged laying out the station sites. There will be stations at Kopu, Kirikiri, Puriri, Hikutaia, Komata, and Paeroa, besides? several intermediate stations. The contracts for the erection of the station buildings will shortly be let, and will bo finished before any platelaying is done. The county council are doing all that lies in their power to get separation from the Thames and Coromandel Hospital and Charitable Aid Boards, and are endeavouring to get united to the Piako Council. If this conies off, as in all likelihood it will, it is not hnpiobable that a cottage hospital will be erected at Te Aroha. A general rate of in the £ has been struck within the county. A reply has been recehed from Mr L. M. Grace, M.H.R., concerning the petition under the " Counties Act Amendment Act, 1883," praying that the local body may be invested with the functions and powers of a River Con&ervnncv Board. It is likely that the Thames Harbour Board will oppose it, as it endeavomed some time to levy a rate upon residents on or near the T,hame,9 and Waihou rivers as far as Te Aroha, and nearly succeeded in getting it but for a technical flaw. Mv Grace is doing his utmost to get the present petition granted.