IMPORTANT MINING CASE.

Auckland Star, Volume XLII, Issue 211, 5 September 1911, Page 6

IMPORTANT MINING CASE.

r WAIHI REEFS APPLICATION. r OBJECTION TO PROTECTION. j .1 —— i| APPLICATION GRANTED. -i *By Telec-rach. —Own Correspondent.) | WAIHI. this day. In the Warden's Court this morning an [ impotent case was heard, when the I Waihi Kerfs Consolidated, Limited, ap- , plied for protection for the Key e\V.-s* , and Favona claims, also for a special site, , Objection was lodged by the Miners' Union on the following grounds: (1) , There .being a number of unemployed in i the district; (2) that the adjoining comI pany (the Waihi Extended) is doing useful prospecting work, whilst the Consoli- . dated Company is gaining by such pros- . pecting; (.1) that the Consolidated Company has 171,2. r >o shares issued paid to £l, . and has not shown where that money has [ been spent. i Mr Jackson appeared for the company. , I Mr. MeLennan (vice-president of the I Miners' Union) was given permission to ! appear in support of the objection. lie said the union was now registered under . the Trades Union Act. . Mr. Jackson said the company had spent. £12,750 in development work. Frotection was absolutely needed to raise sufficient capital to proceed, but. in view oV the labour unrest thrmißliont the world , and other difficulties, it. was impossible to accomplish that at the present time. Chnrlcs Rhodes (managing director) said in evidence that if the application were refused no more sever blow could be given to the mining industry in the district. Mr. McT/erman oaTled no evidence, hut eross-evamined Mr. Khodes as to the disposal of the share capital. The warden said he was satisfied that real bona fide work had been done, and it was evident that the company had .xrnie to the end of its tether, and was compelled .to consider its position. lie referred to 1 the enormous expenditure necessary in ' ! local mining development. The applica- ' j tioir-for protection would bo granted.