Wellington Shareholders.

Ashburton Guardian, Volume xxxi, Issue 8284, 3 February 1911, Page 4

Wellington Shareholders.

WELLINGTON, Febniary 1.. A "meeting of the Shareholders m the Waihi Goldmining Company was held at the Wellington Stock Exohange this evening. Fifty-seven shareholders were present, holding a large number of shares. An animated discussion took place upon the position of the mine as disclosed by the circular .of January 28th, issued by order of the Board of Directors. As a result the "following resolutions were passed unanimously^ D . rectors the Golding Company be requested to obtain a report by personal investigation from a first-class mining engineer, non-resident in , New Zealand upon i- ji 4.1 (a) The tonnage and value oi the oro already developed in the mine. (b) To report on the methods or mining. ■ . , (c) To report on the various reduction mills and their situation, particularly with respect to the course prevailing of having three mills widely separated. , • (d) As to the processes followed in the extraction of the precious metals, and as to their suitability and economy. (c) Upon tho machinery as a. whole, and as to whether tlie money has been well spent or otherwise. (f) To advise as to. the system to be followed iv developing the mine in the future. 2. That this meeting views with alarm the statement by the Directors on January 28th, seeing that it is in conflict 'with statements published within the last few months by the Company's directors in' Auckland. 3. That the management of the mine be placed under tho personal supervision of a first-class mining engineer. 4. That all reports cabled or otherwise be published simultaneously in New Zealand and London. * 5.' That effective steps be taken by the Directors to prevent the giving of information relative to the development of the mine, to the detriment of the great body of shareiholders, and to the great advantage of the persons so advised. 6. That; all shareholders be asked to sign proxies in favour of some shareholder (to be named subsequently) to be used in London at the annual meeting, for the purpose of ensuring the foregoing resolutions being given effect to.