Waitaia.
£434 FROM 107 TONS.
The treatment of 107 tons of stone from the Waitaia mine, Kuaotunu, belonging to tho old Company, has now been completed at the Olreat Mercury battery. The returns were : From battery, 102oz, value £3 per ounce, £306 ; from cyanide treatment, 68oz, value £1 17s 8d per ounce, £12S; total, £434.
The directors of the Waitaia G.M. Co. (Ltd.) met on May 26 and appointed Mr C. G. Gentil as chairman of directors in place of Mr Young, resigned. The 888 unallotted shares in the company are announced to be sold by tender. As shareholders in the present company will be entitled to one share in the new company for every three held in the old one, they will now be enabled to adjust these holding acordingly. The proceeds of the crushing and of the above shares will cover all liabilities of the old company.
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Bibliographic details
Auckland Star, Volume XXIX, Issue 135, 9 June 1898, Page 7
Word Count
149Waitaia. Auckland Star, Volume XXIX, Issue 135, 9 June 1898, Page 7
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