THE GOLDFIELDS.

Auckland Star, Volume XXXII, Issue 129, 1 June 1901, Page 2

THE GOLDFIELDS.

NEW WHAU. The half-yearly meeting' of shareholders in the -Now Wbau fiold Mining- Company lapsed. The credit balance was £213 1/. KAPOWAI. The half-yearly meeting- of shareholders in the Kapowai (.old Mining Company was held yesterday at Mr 11. Gilfiilan's office, Mr John Brown being in the 'chair. The directors' report stated that, the chief attention had been given to the erection of the crushing plant to deal with the ore already opened up. The plant, conlisting of eight stampers and live berdans, and the neeeytsary steam power equipment has been delivered at the machine site ,and is in course of erection. Before the next meet, ing of shareholders the directors hope the battery will be in full swing, and that the results will prove in every way satisfactory to shareholders. The accounts showed' receipts £1172 3/, and the expenditure left a credit balance of £154 17/7. The chief items of expenditure were:. Plant £437 12/9, wages and supplies1 £417 0/6. The chairman moved the adoption of the report, and balance sheets. He said.it was a new country, and gold was scattered over a very wide part of the district, but it was difficult from the nature of the country to prognosticate. The battery would shortly prove the true value of the mine. Messrs J. Brown and W. Rainger were elected directors, and Mr V. J. Lamer was again appointed auditor.