THAMES MINING NEWS.

Auckland Star, Volume XXXII, Issue 90, 17 April 1901, Page 2

THAMES MINING NEWS.

(From Our Own Correspondent.)

• A much more cheerful tone prevails siuce the publication of the information that the Standard Company, with which the Thames-Hauraki Company is intimately associated, ha succeeded in making arrangements for reconstruction, and those interested in the industry are anxiously waiting to note what action thp Thames-Hauraki will take re pumping, when their protection period which has .about 2J months to run,' expires. I understand that a con firmatory cable has been received U_ the effect that the financial difficulties of the Thames-Hauraki are practically at an end. Regarding the May Queen and M.oanataiari Companies, nothing has as yet been determined upon. Most of the May Queen tributers are still on payable quartz, but the returns have been far from sensational. Still each month regularly provides, a dividend for the men. Mr., A. H. Curtis was at the Thames last week, and made preliminary investigations. He is expected to return to the Thames this week, and continue his examination of the properties mentioned. In conversation Mr. Curtis expressed . the opinion that in his opinion good results would attend the amalgamation of the Thames-Hauraki, May Queen and Moanataiari properties, as they held separately the three essentials,

for the successful working of one mine—i.e., a splendid pumping plant, plenty of crushing machinery, and what is expected to 'prove a good mine—the latter referring particularly to the May Queen.

The May Queen Extended battery has been busily employed of late, several fairly large parcels of quartz from adjoining properties having come to hand. Some of the stone I saw the other day looked exceedingly well, and was expected to yield a satisfactory return.

The New Whau are continuing tbe low level, and a considerable amount of local interest is being manifested in this work. The Thames Talisman are also developing Their property in a systematic manner. The development of the lode in the May Queen Extended is said to be attended with satisfactory results.

It is evident from several pronouncements made by Warden Bush that he does not intend to be so liberal as heretofore in the matter of granting protection, and has intimated that at the expiry of the present protection the companies will be called upon to fully man their respec tive grounds.