THE LONDONDERRY MINE.

Auckland Star, Volume XXVI, Issue 197, 19 August 1895, Page 3

THE LONDONDERRY MINE.

London. August 17,

European shareholders in the Londonderry mine receive Exploration Company's chares pro rala. The English vendors receive deferred shares not ranking in dividend until the profit medo equals 100 per cent. Colonel Norbh vigorously attacked Lord Fingall for sending the telegram, and for insisting on its publication. Lord Fingall explained that he meant his telegram to refer only to Golden Hole, not to tho mine as a whole. Mr Piunkebb declared that morality compelled tbe publication of the telegram.

Colonel North and Casey's claims hava been referred to arbitration. Colonel North's share of tho profits amounts to £77,531 cash, and £63,325 in shares. Lord Fingall states that his promoters' profits are only £1,000.

At the Londonderry meeting, Colonel North presided, and said he was confident) ho would ultimately succeed in holding every fchare ho first bought and he was .now buying. He was determined to reuisb the ungenerous claims of the Australian vendors. Mr Myring defended Australian vendors against the charges of fraud. He had assisted in the inspection, and decided nob to allow Australians to participate in the Exploration Company.