Article image
Article image
Article image
Article image
This article displays in one automatically-generated column. View the full page to see article in its original form.

CALEDONIAN GOLDMININGCOMPANY.

The annual meeting of the shareholders in, , theabbve ctrapany wti held on August 28, in. ' the hall of the Insurance Company's building! ,. , There -was a !r veVy° largo number' of share-'.., holders present. The chair was Occupied by the ohairman of* directors, Mr.' v£ J. Stone. , The Secretary read' 'the directors' third/ annual report, which- stated that ■ the quantity of quartz raised and crushed dur'r ; ing the year.had been 15,777 tons, which yielded 73, 7320z. of gold, or attherate of 4oz. 14dwt.15gr.ptr' ton. The amount paid in dividends duriig the year was £154,440, or at the rate of £54 per share, thus completing, a payment to shareholder* of £198 10s. per £12 share, or a total distributed in dividends during the, last two,years of £569,710. ' During ,the, year just j ended the directors .have the .■ erection of the new -battery of -40 head of stamps ; the company now have an efficient battery of 66 head of, stamps. The director* have also provided (attached to the battery) a complete plant for the treatment of tailings, so that the whole process for crushing, < treatment of tailings, and melting the gold ready for sale is now dono by the company's - officers. The directors congratulated the share* holders upon the successful starting of thelarge pump erected by the corn' in- d companies. The obstacle to deeper sinking having thus been overcome, no time will be lost in exploring the deeper sections of the-company's-property, and the directors hoped with a successful result.. The honorarium voted at the last annual meeting had been paid to the directors in proportion to the, attend* ances given at the directors' meetings with satisfactory , results, showing that increased attention has been given to the company's affairs.— The Chairman in a few remarks moved the adoption of the report, and balance-sheet, — Mr. T. Eussell seconded the motion, and which was carried. — The Chairman said the next business was the election of a director in the room of Mr. Orombie, resigned. Mr. Warwick Weaton and Mr. Robert fileazard were candidates ; would any one formally move that some one be elected ? — Mr. Wardrop moved, and Mr. Aitken seconded, that Mr. ,W. Westpn be appointed. — Mr. J. M. Lennox moved, and Mr. W. Rowe seconded, that Mr. Robert Bleazard be appointed.— On a show of hands being taken, a vast majority was in favour of Mr. Bleazard.— Mr. Wardrop, on behalf of Mr. Weston, ,who wwar's r ' then absent, , dtmfcnded a/ poll. — Mr. Thomas Macffarlane and Mr. J. T. Garlick were then appointed scrutineers. After the poll was taken, the Chairman said the result, was 631 for Mr. Bleaaard and 1,231, for Mr. Weston : ' majority for Mr. Weston, 6001 , He, therefore, deolared Mr. Warwick Westou the' duly -elected candidate.

This article text was automatically generated and may include errors. View the full page to see article in its original form.
Permanent link to this item

https://paperspast.natlib.govt.nz/newspapers/DSC18720904.2.28

Bibliographic details

CALEDONIAN GOLDMININGCOMPANY., Daily Southern Cross, Volume XXVIII, Issue 4690, 4 September 1872

Word Count
457

CALEDONIAN GOLDMININGCOMPANY. Daily Southern Cross, Volume XXVIII, Issue 4690, 4 September 1872

Working