MAY QUEEN COMPANY.
PROPOSAL TO PURCHASE THE CARDIGAN MINE.
Mr TT. A. Gordon, general manager of the M.-iy Queen of llauraki Company, has issued a circular to shareholders notifying thai a meeting; of shareholders will be held in London on the ;."-'(h of this month for the purpose of increasing the capital of the company in order to purchase the property belonging to flic Cardigan CM. Company fur 40,000 paid-up shares.
Tin.' acquisition of the Cardigan mine should be a gain to Ihe May Qveen Company, as the properties adjoin, and what is of more importance neeni developments in the Cardigan mine point to that being; a really valuable property. The lit si 15 tons of ore sloped from the Cardigan when crushed yielded JOloz Kidwts of ;^oid. value !•''>.*>'.) 5/. which is equal, to eit ")/S per ton. The area, of the Cardigan is 04} acres, which will bring- up the total area of the May Queen of Hauraki ground to 212 acres in L'lve best portion of the Thames Held.
Another party of tributers in the May Queen cleaned lip to-day for a vieid of bullion worth Cl 7 KJ/G.
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Bibliographic details
Auckland Star, Volume XXX, Issue 158, 6 July 1899, Page 9
Word Count
191MAY QUEEN COMPANY. Auckland Star, Volume XXX, Issue 158, 6 July 1899, Page 9
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