TALISMAN CONSOLIDATED. ■ , ■ i MEETING OF SHAREHOLDERS CALLED. ' At the close of the. noon call, of the ' Auckland Stock Exchange, the chairman, j Mr G, A. Buttle, asked the members to ! remain and discuss whether or not it ' would be advisable to take steps to , call together the shareholders in the 1 Talisman Consolidated G.M. Company. ; He said that his reason for mentioning . the matter was beca\ise private advice i had been received which indicated that their friends in Wellington were still j pressing the London board of directors i to appoint an advisory board in ijew Zealand. He understood that the Wellington shareholders had gone so far , as to recommend that Messrs Weston and Knight (who represent the Welling- f ton shareholders) should be .appointed ; on a local advisory board, and that they should each receive £200" a year and travelling expenses. He also understood , it was recommended that an Auckland ' shareholder be appointed, namely, Mr Peacocke, whom he presumed was to get another £200 a year and travelling expenses. From that it would appear as if the Wellington shareholders were in favour of doing away with the local attorneys, Mr A. Hanna and Captain Smith, and if that was ao, the only conclusion could be that the idea ■was to remove the office of the Talisman Company to Wellington. Under these circumstances he thought it would be well for the Exchange to call the shareholders in the Company together, lay before them the latest information as to the position of affairs, and let them decide what steps they would take. He therefore moved. "Thnt the Exchange go to the expense of calling a meeting of shareholders in the Talisman Consolidated Company at 2 p.m. next Thursday afternoon." Mr W. Colbeck, in seconding the moi tion, said he considered it was high ! time some action was taken by local shareholders to protect themselves from the attitude which appeared likely to be adopted by the Wellington shareholders. The present position had been to some extent brought about by recalcitrants amongst the Auckland shareholders. He considered it would be absurd to move the local office of "the Talisman Company to Wellington when the mine was in the Auckland district. It was true "Wellington people had told them that they had no wisli to have the advisory board in that city, but judging by recent reports he could only conclude that after all such was their object. Upon the question being put to the meeting it was carried, but as two noes were heard, the chairman remarked that it would be only fair if those gentlemen would state their reasons for objecting. Mr Greenslade said his reason for . Raying "Xo" was that the attitude taken ■ by the: Exchange before, was that it should not interfere in these matters, leavingg it for members who were share- , I holders in the Talisman to take action apart fro?n the Exchange. He thought the ruling should be still the same. , Mr ,T. S. Lennox remarked that he said ' "Xo" because the Auckland committee were overruled before by the Welling- - ton one. therefore he did not think it would do any good taking this step now. The motion was then put once more ' to tlio meeting and carried by a large majority. BEXDIGO. The two parcels of ore treated at the Waiotahi Batters' have proved to be of a pnyable nature, the five-ton parcel yielding £14 7/6, and the one-ton parcel [£3 11/-, making an averSge of close on £3 per ton, which can be considered very satisfactory, seeing that the ore was I not picked in any way. The men are working on the Silver King Reef, which has always produced good payable ore in every place that it has been cut.
Fairfax Media is the copyright owner for the Auckland Star. You can reproduce in-copyright material from this newspaper for non-commercial use under a Creative Commons New Zealand BY-NC-SA licence . This newspaper is not available for commercial use without the consent of Fairfax Media. For advice on reproduction of out-of-copyright material from this newspaper, please refer to the Copyright guide.
This newspaper was digitised in partnership with Auckland Libraries.
Use these buttons to limit your searches to particular dates, titles, and more.
Print, save, zoom in and more.