OUR GOLDFIELDS.

Auckland Star, Volume XXVIII, Issue 228, 1 October 1897, Page 2

OUR GOLDFIELDS.

GRAFTON UNITED. The manager telegraphed yesterday afternoon : '' Discovered cross reef surface midway between drives 25 feet west side Cuttens line, seven feet wide dipping west." ! TARARU CREEK COMPANY. During the past month this Company : treated by the cyanide process 300 tons of! I old tailings, from which 2G9ozs of bullion j I were obtained valued at £94 3s. Before treatment, the average assay value per ton was 14s, the average percentage saved being 62. The tailings now coining to I hand are worth 18s to 22s per ton. At the : mine good progress is being made with the construction of the high level water race, and the air compressor" will be ready in a few days, when the battery will be driven at an increased speed and thus he in a position to treat more ore each month. At the battery level the big reef is 40 feet in width, but is of very low grade at present. In the City of Dunedin section colours of gold are seen each time the stone is broken down. COMPANIES MEETINGS. FBEEDOM.—The annual general meeting of shareholders in the Freedom Goldrnining Company (Thames) was to have been held to-day at Mr E. J. While's office, but lapsed for want of a quorum. The mine manager reporter! having recently discovered a promising leafier on the Kmh.hy level which gave an iiissay of £1 17s !)d per ton, and should if followed up prove valuable. The accounts .showed a credit i balance of £11 IBs fid. Young Nkw Zealand.—The annual 1 meeting of shareholders in the Young New I Zealand Goldmininj:', Company was to have been held thi.- afternoon at Mr E. .J. | White's office. The directors' report showed that a flotation option over the property had been granted in London and | that news in this connection should be 1 received by the incoming mail. The i balance-sheet shows unpaid calls iunoui;lI ing to £I'2s lid t;> meet liability of £23 14s lid. | II uanui. —The ordinary general meeting ;of the If uanui G.M. Company was to have i been held at Mr K. J. White's office yes- | terday afternoon, but lapsed for want of a ' quorum. The directors' report said that the flotation option bad been granted over I the property to a gentleman at present in 1 London, and that word might be expected i early concerning the matter. The accounts : showed assets amounting to £1132 7s Ud, as ' against a liability of £8!) 15s. ! MAIORO.—The annual meeting of the Maioro Goldmining Company (Kennedy's Bay) lapsed. The balance-sheet showed sundry creditors £4a 11s sd, and petty cash i 18s Bid.

Day Dawn. — The annual meeting called for yesterday lapsed. Mr G. S. Kissling (chairman of directors) was present. The directors' report stated that the situation of the mine prevented any thorough development being carried on without the outlay of considerable capital. Negotiations to provide this capital had been carried on with parties in London, but so far without success. In the meantime the directors are not tied to any offer. The cost of the actual mining operations had been borne by the parties in London. The other expenses had to be provided for by the shareholders, and the directors were of opinion that under the circumstances the shareholders had reason to congratulate then...■,.vos that the cost to them of protecting their ground had been covered by a call of Ad per share. The retiring dirertors, Messrs G. S. Kitwlin.^ and C. W. Edwards.offered themselves {'or re-election.

Scotia. — The half-yearly meeting of the Sen 'i Goldminiug Company (AVaitekauri) was Lo have been held yesterday afternoon at Messrs Porter and Hampson's olliee, but lapsed for want of a quorum. The statement of accounts shows that the receipts for the half-year were £307 17s od, and the expenditure £.?47 15b 3d, leaving a, balance in bank of £20 2s (>d. The directors' report stated that the new reef on the property looks xery well. The country in which the reef runs is a very nice real blue country, with thousands of mineral veins running in every direction. A short Umnel would give a hundred feet of backs. Operations on two neighbouring claims (the Waitekauri United and the Norman Proprietary) are now being vigorously pushed by the two English companies which own them. An option over the Scotia having fallen through some time ago, the directors are now negotiating with a strong English company for the sale to them of the property, and are hopeful of bringing the matter to a successful issue. Two men are now at work on the property. The directors consider the shareholders arc to be congratulated on the greatly improved prospects of the Company. Waitekauri Reeks. —An extraordinary meeting of shareholders was held yesterday afternoon at the manager's office when Mr Graves Aickin presided. The business was to con linn the action of the directors in .agreeing to amalgamate with two adjoining companies. The basis was that out of a company of 15(1,000 shares the Waitekauri South should be allotted 57,000, the British Empire 35,000, and the Waitekauri Reefs 40,000 shares. This was agreed to by the shareholders present and a further resolution was adopted that the Waitekauri Reef Company be voluntarily wound up and that the manager be appointed liquidator. Mount AVaihi.—The annual meeting of the Mount AVaihi Goldniining Company was held yesterday afternoon in the Company's office, Legal Chambers, Queenstreet. The directors' report stated that the Company had now been amalgamated with the Sir Julius claim. The work now being carried on is on the line of the Martha reef. The balance-sheet showed a credit balance of £37 10s 6d. The report and balance-sheet were adopted. The retiring directors, Messrs Graham and Crow, were re-elected, and the auditor, Mr Brimblecoinbe, was re-appointed.