WOODSTOCK.

Auckland Star, Volume XXVII, Issue 49, 28 February 1896, Page 2

WOODSTOCK.

An important development hoa taken placa in the Woodetock mine ab Karan(*atmke. A telegram was received yesterday afternoon shortly after 4 o'clock aa follows: " Cub Maria lode, four feeb wide, aC ISo. 4 level. Average assay value £13 per ton." This bad tbe immediate effect of causing nharea to advance in price. MAORI DREAM. Shares in fchia Kuaotunu Company advanced trom Is 33 to la 8d yesterday evening, owing to a cablegram having been : received from London that matters in conneotiou with ths sale of this mine will shortly be completed. ALBURNIA EAST. Mr J. Boler has been appointed manager of this mine. IMPERIAL. The annual maeting of shareholders in this company was held this morning ab Mr H. Gilfillan's office, when Mr W. Gorrie presided. The annual reporb gave detailfl of the work done during the year. The statement) of accounts showed receipts £500 ! from sale of syndicate shares, £896 9s 5d ifrom calls, £21 8a 8d received from the United Company, £17 6s 10d from sundries, and £64 163 6d from bank overdraft, total £1,500 Is sd. The expenditure was as follows :—Wages, £853 43 4d ; supplies, £148 9s 9d ; goneral chargen £1 3a ; paid to venders, £50 ; brokerage, £25 : advances repaid, £15 ; report on mine, £52105.; survey, etc., £40 16a; rent and foes, £37 10« i6d ; efcampdufcy, £13 12a 6d ; printing, advertising and stationery, £34 2s 8d ; salaries, directors' fees, travelling and other expenses, £216 12s 0d ; cash in hand, £11 0s 2d. In moving the adoption of the reporb tho Chairman stated with regard to the Home negotiation, that news had been received that an erpert had left England fco inspacb «nd report upon the property. Tho report.9 were adopted, and Messrs W. S. Wilson and W. Gorrie were reelected directors, Mr D. B. McDonald being again appointed auditor.