MOA CREEK GOLD MINING COMPANY.

Press, Volume XLIII, Issue 6492, 14 July 1886, Page 2

MOA CREEK GOLD MINING COMPANY.

; jA general meeting of the shareholders of ; this Company was held at Archer's Club , Hotel on Thursday, July Ist. " FifteenV : ' were present. Tdx W. C. Nicholls, Chair-, i man of Directors, presided. The Chaibman said thatthe last report > frhm the Mining Manager stated that, on account of the weather, he was compelled' to give up the work. He also stated that when the winze was down 15ft ho had' left the run of all gold-bearing Btone, and- - from that point down to 86ft he had. not, been able to raise the color of gold,land that he had tried for the Bame by crrosfcißfr i and washing. When the Mining Manage*-' / came into town he gave it as bis opines .that it waa useless attempting to work ajjgr more, and he seemed to think the stone w&a only in small patches, and there was nd regular reef. The statement of accounts showed—Assets ' —Calls due and unpaid, 3s 83 j horfiw ( and plant, £20; Uncalled capital oa 48,000 shares. jeiß 800; total, jei7,117 3s , 8d- Liabilities—Bank overdrast, £337 3* '. ; 8d; amount due for wages, tec., J816614* , 4i; total liabilities, J849318a } balance off i capital; 4516,683 6*Bd. ' ~- i After some discussion, the' statement-"' i was adopted. i Mt B, M. Cotton moved and Mr Ml' .. . StnrcAß seconded —" That the Directors > be instructed to call a general meeting «£ : shareholders, for the purpose Of consider* ) ing a resolution which will be proposed to ; wind np the Company." i Captain Pabsons thought if the prind- ~ pal shareholders decided to withdraw the I.1 '. ; Company must be closed, bat he thought* , after what had been expended in teats, ifr, , 1 was a pity to wind np. !> - The motion was carried. / ' ' A vote of thanks to the Chairman con* f , eluded the meeting. , ";