MESSRS. BEETHAM, WALKER, & CO.'S REPORT.

Daily Southern Cross, Volume XXIV, Issue 3405, 15 June 1868, Page 2

MESSRS. BEETHAM, WALKER, & CO.'S REPORT.

Business in mining property shows a decided tendency to improve. The 'fine dry weather in the early part of the week has produced its effVot on shares in second and third-rate claims ; but the con* stant demand, and consequent steady rise in the price of shares in first-class claims, spring from causes uninfluenced by the weather, and point to a growing conviction of the peimanence of this goldfield and iti security a« an investment. ' The number of shares also withdrawn from sale during the past fo<tnighe speaks well for the confidence of the miners themselves in their claimi. M*uy of these h*Ve succeeded in , returning very hindaome dividt-n is through the employment on the ground of some simple means of crushing. We can mention, for instance, a claim in which 2500z. wereproduced last week with an ordinary hand-berdan. , This, of course, is >n exceptionally rich yield, but it' shows how easy it xb, 4 with the limpiest kind of machinery, to pay wage* and all necessary expenses, [c is for this reason that many miner*, while forced to sell portions of their share', are refu-imj to part j with their interest in the tons of quartz awaiting , crushing. There is a subject in connection with the baying and selling of shares that demands the prom<ilg»tiba of a by-law by the prop r authorities withtfht delay. " A share in a claim may bt» divide i infiuiteastmally, but for convenience of sale and the prevention of fraud it has been always assumed that a suare c>>nr , sistfld of a' working half and a sleeping half, and that; any further sleeping interest in a <ihare than one-half _ was inadmissible. But cases of sales of three-quar.* fcer sleeping int-rest in one share hare come to our knowledge, leaving only one quarter share for the<-j jworkiog interest ; and it is maintained that no regu- ' lation exists to prevent a 1 man selling any portion of a share, as a sleeping interest, he can find a purchaser for. 'Of course, if- the whole ~,i«, sold to one person the purchaser knows perfectly: well what he is buying, and, pays for it accordingly,* ,but where a sleeping half is aold to one perion, and ( afterwards a sleeping quarter to another, asm ( the ( lease before us, there is no reason why, on tlie name } grounds, a sleeping eighth and a sleeping sixt'eeuth should not be disposed of to different persons. A share may be thus attenuated till the workiug'p'ortio'n is inadequate for the payment of the wa^es <>f ( the,' workman, who abandons th« claim, and the sleeping (shareholders have to put a man in permanence if they desire a dividend' from the claim. By clause sof the Gold fields Regulations, the Registrar has to certify to a' transfer by signing his name across the transffr ticket, this being the title to the share or portion, fcfc share represented on the 1 ticket ; and by clause 105, - the Warden has' power 'to make . regulations at this ] discretion. We would, therefore, strongly urge uponi purchasers the necessity of ascertaining the complete history of the shares in whielp they are inventing, until the Registrar's books oira be consulted to substantiate a title to mmmg jproperty*^ In the case to' : which w^ lt have referred,, the owner of sleeping half share to save himself. fr,om total loss has had to put on a man to occupy the working half share, and has under advice refused, to admittheideoaand of the purchaser of the sleeping quai ter. We are not/pre- . pared to say what will be the result whenbrought into the Warden's Court,— but we can say that the promulgation of , a by l»w, by, which the, Regwjuat refuses to admit in ,h«s hooks- any sleeping portion beyond one-half of^ a share would effectually put a stop to su<M» proceedings , ' We quote the following as the prices asked m the undermentioned claims : — ' ' Bee Hive, full 'share, £400; Defiance, full share, £250; Carpenters', full hhar* ,£250 ; Peep-of-D»y, W»i»tar.i, full 4h4ve,'£2oo ) Nil'l)tt«pferatftLum, equal hnlf, £200; fitzroj (Taiu O-eek),/ slet-prng £200 ; • 'k»'ita, eq.ial hat £200 ; Hibernian Claim, ! { 6 meu's ground), £20 i; LochErue, fill Hhare^ ( £2oo; Hope of All Nations fu 1 share, £150 ; Hope- of 11 i N atious, working half, J^so ;' ft ban, equil half, £150; Bank of Eugland, «»leepii>g h»lf, £125 ; Flying Cloud, full share,' iillO; - GoibVn fAeo,' ' WaiotahiJ' w«fck«

*The GoldisldsfeeguUtiont do not re«ard the Minin^ißegit trar as a registration clerk, but! as * deftner. of titles, whole name across » ticktt is ,prim» facie •▼fd< > nee of title, and, although he may fe'tf it to ba hisdut^ tW x«sc«iT* for rtfutration any interest in a claim, hjs name across the ticket if contemplatad.ai 'a dertiflcat* of fltfclt, li'&iohU wcUldnqoix* ft decret of tht Court ta*anuL>j- / ; , { yvx ,

log half, £100 ; Dumbarton flaiUe, fall »hare, £100; General Grant, equal half, £100 ; Poverty, sleeping qoarter, £«l*:jGoldeoT Crown, Puriri, fall *ha»v, Rough and Beady, foil »h*w,,£Bo; Belfast, foil »har^£7Q I ; v , Shellback, No. 2, full share, £70 ; B]«sb;Aogel, equal half, £65 ; Dublip, sleeping half, S?°»^ ll f rQj M Ltlcl^» nd . Wl •!"«■», £50 ; Cataract, £«rai», fnll ghawi, £60 j Pride of the West, aleeping SWfaT^&P i Fran, deeping half, £40; Galatea CC 5 il ?&i ft # ■*«& S* o ? G««y Qwen, aleepiog half, -t*O;«irpand.E*gle f«lo«j,ingqaart«c£4o; f «Io«j,ingqaart«c£40; Germans', «««pi^ghfaf,£^j Koh-i-nor, Puriri, r working half,, *«0» )(j ,