MINING NEWS

Dominion, Volume 8, Issue 2553, 30 August 1915, Page 8

MINING NEWS

WELLINGTON SHARE MARKET, No' business wa.s done in "th© mining max* ket on daturda-y. • The Quotations were as under; — • ' Buyers. Sellers. £ B. d. §. 8 Q Murray Creek (old) 113 0. 20 0 Murray's Freehold _ 16 0 Talisman ;.... ; — - • n ifi n 116 0 — Grand Junction ; l l { _ TALISMAN CONSOLIDATED.HEADQUARTERS COMING TO THB ' DOMINION. Now Zealand shareholders in the Talisman Consolidated, Ltd., have received Iho following circular, dated from London, embodying ?. very important proposal respecting thy dirootion of -tho company, which iS ( at. present" conducted in London:— i J' 0 - W a vidinß tho payment ?Lt ? ? n ? lls S, ™come-tax on dividends distributed in New Zealand, your - directors have been requested by the local board of Wellington, New: Zealand, to 1 take the necessoxy steps to alter the articles of association- of ,the company so that the °!r may be transferred to New Zealand. Your direcotrs nave consulted counsel on the nucstion and lie lias advised -that, to carry tho proposal into effect, it would be desirable for the company to' rescind its present, articles of .'association and adopt entirely new articles, which would provide for transfenuTigT tho whole control of tho company to New Zealand under a New Zealand Kf™' however, taking this drastic step, the board feel that every shareholder should bo given an opportunity of expressing his, -or her, opinion on tho nroposed change. the change is made, the headquarters will be located in Auckland, as tho centre nearest the company's properties, and tho mine will be controlled by Now Zealand' directors, which will, lfris anticipated, affect a consifarablo saving. MURRAY CREEK. . ITie secretary bf the Murray Creek Mine' is in-receipt of the following telgram from fw m ™° , m: « la Ber:—"No. 2 winzo d,*ra 186 width of reef 4 feet, no .hanging-wall; i * ' distance driven on, reef 58ft last 10 feet, average 4 to 5 feet & width."-