MINING NEWS.

Auckland Star, Volume LXIX, Issue 66, 19 March 1938, Page 4

MINING NEWS.

WAIPAPA BEACH FUTURE. A dc-ci-ion to carry on operation* for a further >ix months, and if a suitable ciaim had not then been found. to ?o itto voluntary liquidation, was made at a meetins of shareholder# of the Waipapa Besoh Gold riredainc Company. Limits, at the annual met ting in liunedin on Wcdm«sday. •"I think the best thing that can be done is to wind up 'he of the company." said >Ir. A. McMillan, a shareholder. "It is a had speculation to so in for coldmining— f.nf misbt as T.-ell ~o in for horse racing. I think it would be wise to go into voluntary liquidation. and the sooner the company is wound up the better." The speaker criticised the present-day -vstcm of lmrins. and mentioned That he was strongly oppo -«i m the suggestion of obtaining another claim. Th"r« were very few claims which he could prosper under the present legislation, as it affected the fold industry. RETURNS OF COMPANIES. i Molyneux fOtago).—During the fortnight ended March 12 the dredge was being moved to a point further up the river, where operations will be resumed. Maori Gully (West Coast). —770 i ldwt it 131 hours.