THE GOLDFIELDS.

Waikato Times, Volume XXX, Issue 2458, 12 April 1888, Page 2

THE GOLDFIELDS.

i |HY TKI.HCiKAI'H.— OWN C'OIIUKHPONIIUNt]. Apcki.anii, Wednesday. ■ Rumours are current to day that an : Australian syndicate lias purchased Preece's Point, Coroinandul, the property of the lute .Tas. Williamson (900 acres) for £10,000, it was also said that a person named Mnowden, some years ago had crushed some specimens, and got; at the rate of two hun lred onn<:es to the ton. I was in conversation (o-d iv with Mr Adams a, reporter who is interested in the speculation. On asking him for particulars he , admitted that an offer had been made ) and that five gentlemen were nßgoti- ) tating for the purchase of the land but ) that was all the information he was ) prepared to give. The present introduction of capital in mining industry should have the tendency to remove the depression in this part of the colony, at least every effort is being made to push the mining industry and the reward must certainly come sooner or later. Mr. Wilson, of Broken Hill fame, completed the purchase of Filth and Clarke's mining property at To Aroba yesterday. The purchase money, £25,000 was duly paid. Mount Aroha Mining Company: Completion of the Sale. The transference of the Battery Company's mining property at Te Aroha to Mr W, R, Wilson, by Messrs Firth and Clark, has just been completed and the purchase money, £25,000, paid. The following is, we believe, a fairly correct list of the properties transferred : — Battery, 40 stampers; tailing plant, i containing 55 berdaus ; one large patent White-Howell roaster, assay office, retorthouse. &e., driven by six pelton wheels, supplied from solidly constructed water races of some miles in length ; one race running up the Waiorongotnai ravine, the other along the face of mountains, ■ flanking the Thames Valley, tapping various mountain streams along its course. The mineral lands consist of Firth's special claim, M 0 aeres; Canadian, 10 acres ; New Fin:l, 20 acres ; May Queen and Galena, 10 acres : total, 180 acres. Through this ground the main reef of that part ot the country runs for nearly two miles. Every one of the reefs of the district, both on the east and west sides, are believed to make junctions with this great reef in the company's ground. The quartz is brought down from the mines to the battery by a substantially constructed tramway, leased by Messrs Firth and Clark for ten years, and transferred by them to Mr W. R. Wilson. There is an abundance of timber for mining and fuel purposes. 10,000 tons of tailings go with the rest of the property. Mr Gordon, the Mining Inspector of New Zealand, has well declared the Battery Company's property to be one of the finest mining properties in the colonies. This magnificent property, with its '2000 feet of backs, and from its position never requiring a drop of water to be pumped or a pound of or to be raised, the whole being level free, presents possibilities which the future may make brilliant realities. We understand that the property has eost Messrs Firth and Clark upwards of £45,000. Their transference of four-fifths of the property to Mr W. R. Wilson and his Broken Hills Proprietary friends cannot fail to be of great benefit to the colony, and we very cordially wish a brilliart future forjthe now proprietors,and Firth and Clark, who, all through, have been distinguished by pluck, enterprise, i and public spirit.—Herald. ■ I