CRESCENT.

Auckland Star, Volume XXVIII, Issue 253, 1 November 1897, Page 5

CRESCENT.

The annual meeting was held on Friday in Mr H. Gilfiilan's office, when Colonel Burton presided. The report of the directors stated that nothing of a payable nature had been discovered. The statement of accounts showed receipts £117 6s 9d, and the expenditure left a credit balance of £6 9s lid. The reports were adopted. Mr J. R. Grey was re-eb_cted director, and Mr J. R. Smith was elected in the place of Mr J. T. Steele. At a special meeting held subsequently, it was decided that it be an instruction to directors not to prosecute any further work, and to dispose of the plant and tools. WAIHI MONUMENT. • A meeting of shareholders in this Company was held to-day in Mr D. G. McDonnell's office, when Mr Lonias Smith presided. The balance-sheet showed total receipts £865 10s sd, and the expenditure left a credit balance of £109 lis. The Chairman explained that outstanding liabilities, including the uncompleted contract, would amount to about £110, and the call to come in would give £208. Mr E. M. Corbett explained that owing to the floods the water got into the low level, which, causing the timber to swell, rendered it unsafe and practically worthless, as it would be as cheap to put in a fresh drive. Mr Corbett stated that he went round the outcrop and took three .or four samples of ore. Subsequently he handed the samples to Mr Stone of the Waitekauri United Company. That gentleman assayed them and said they were worth £13 per ton. That was the reason why he sent the wire asking to have the meeting of shareholders postponed. Subsequently Mr Stone and himself again visited the place where the ore was taken from and took several samples. These when assayed yielded about £1 per ton. Mr Corbett said he must have got a bit out of a small rich vein on the first occasion that caused such good assay results to be obtained. The shareholders present accorded Mr Corbett a vote of thanks, and as evidence of faith in his report passed a recommendation to the directors to make the necessary calls to cany out the work advised by Mr Corbett, namely to drive at the low level until tbe reef was intersected. MINING MEETINGS. The following meetings ot mining companies called for Friday lapsed for want of a quorum : —

Jupiter : At Mr 11. Gillillan's olllce. credit balance £310 4s 4d. The directors' report stated that negotiations for the sale of the property would,. they hoped, be completed shortly. Karangahake Company, receipts £104 10s 9d, and credit balance £71 S.s 4d ; Wynyardton, credit balance £92 12s Id; Zion, credit balance £28 ; Pigmy, credit balance £434 5s 4d; Prospect, credit balance £86 18s 2d ; Scandinavian, credit balance £95 4s Id ; West Derby, credit balance £16 9s Id ; Tamibana, credit balance of £259 15s lid.

New Muster: Tbe report stated that Mr Niccol was negotiating for amalgamation with an adjoining claim. The mine is unuer protection. The cash balance is £3 lis 3d. Messrs G. S. (.raham and R. White, were elected directors aud Mr Prime was appointed auditor. At a meeting of the Waitekauri King G.M. Company held yesterday afternoon in Mr (.'. B. Stone's oll.ce, Mr C. J. Stone was appointed legal manager vice Mr A. P. Home resigned. Similar meetings of the Dorothy and Alpine Fluke compapies lapsed, but Mr Stone's .appointment as manager by the directors holds good.