CROWN ROYAL

Auckland Star, Volume XXVII, Issue 154, 2 July 1896, Page 2

CROWN ROYAL

At * meeting: of the Crown Royal Syndicato (Tapu) held yesterday aftornoon, it was resolved to form a company undor the no liability section of the Act- under the title of the Crown Royal Goldmining Company. The capital of tha Company we3 fixed at £3,000 divided into 60,000 shares of le each. The following gentlemen were elected directors : Messrs J. Abbott, J. ,1. Craig, John Buckland, W. Baildon, P. Crqwe. Mr O. A. Stubba was appointed manager, Mr A. R. T. Haul^aiu auditor, Jackson and Russell solicitors, and the National Bank bankers to the Company.

BEACON HILL,

A meeting of shareholders in the Beacon Hill' special claim, Waihi, was held this morning ab Mr W. H. Churton's office, Mr W. Johnston presiding. Ib was resolved to form the property into a no-liability company, with a capital of £3,500 in 70,000 shares of la each. Mr W. B, Churton waß elected legal manager, Mr F. Earle solicitor, the National Bank bankers, and Mr O. B. Waymouth auditor to the Company. Messrs W. Johnston, T. J. Steole, Yon Stunner, Miller and R. O. Young were elecfed directors. It was stated that the property was under ofler. and a resolution was passed empowering the directors to dispose of the mine as they might think fie.

MAORI DREAM.

A general meeting of shareholders in the Maori Dream Goldminiag Company was held ab tUo offices of Mr F. A. White yesterday aftornoon. Mr M. Nicco! presided. He explained that in the flotation of the property the terms had been somewhat altered, the Company now being formed having £110,000 capital in £1 shares. Local shareholders would receive 25,000 shares, and the new company would pro vide £25,000 working; capital. Of this amount £15,000 was to be paid at once, and the remaining £10,000 at the discretion of the directors. The feeling of the shareholders was that) the terms were low, but ib was decided to adopt them. Local shareholders will receive thirty-seven shares for overy hundred they now hold.

Mr White explained that the working expenses of the mine would bo undertaken by the new company from some tinuu past, whick meant that the penny call recently made will be returnable to the shareholders, and no call will be necessary for the winding up of the affairs of tbe local company.

LECTURE AT TE AROHA.

An interesting lecture was delivered last night in tbe To Aroha Town Hal! by the Rer. Jos. Campbell, M.A., F.G.S., F.C.S., of St. Nicholas' College, Randwick, N.S. W., who has been spending some days in ibis district looking over various mining properties. There was a large attendance, the chair belntr occupied by Mr Gavin, mine manager of the New Zealand Exploration Compauy's property at VVaiorongounai. Mr Campbell delivered an address upon the methods of caving gold. Ho quoted the Tui reefs in illustration of the facb that gold waa thero in sulphides and silicate form, and showed that it could bo extracted by various chemical processes, which, bowover, were impracticable on the score of expense. The refractory nature of some ores had baffled all attempts to work them profitably, and certain processes, each as

the cyanide, were good for certain claesea of ore, but tha one which he called the " hyperphoric "' treatment, would, be felts sure, be nniversally adopted. There was nothing very new about the procaes, which was known as far back as 1861, bob until recently ib had never been reduced to a system. The lecturer then gave a detailed description of the procaes, which, generally speaking, involves the use of retorts similar to tbosa used in gasworks. Regarding the question of cost, Mr Campbell said that a plant capable of dealing with 20 tonß a day could be erected for £1,500.