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COMMERCIAL.

The amount of reveme collected at the Ousti m-bouse on <"oo<1b cleared to-day for consumption was L 1.182 14s Id | A meeting of the creditors of T. L. White, bankrnpt, was held at Auck'and yestei day, when the debtor wrote intimating that as he had found it impossible to make out a statement of his receipts and expenditure, from the data at his disposal being only fragmentary, ho could not attend. This being the second meeting at which White waa absent, a resolution was passed instructing the Offioial Assignee to proceed against him for contempt ot Court The Canterbury Building Society (Permanent), one of the oldest in Christchurch. decided Inst night to sell out to the Mutual Benefit Building Society. At a meeting of the Auckland Chamber of Commerce, held to consider whether the buyer or seller should pay for bags in which grain is sold, the resolution passed by the Chamber in 1885, was confirmed. This resolution! is: "That bags containing produce should not be paid for, but be weighed in and paid for at the same rate as the contents " The chairman (Captain Colbeck) stated that Opotiki farnr erp were opposed to this, as from 20,000 to 30,000 saoks of produce left Opotiki every year, and calculating the loss at 6d per bag, a sum of LBOO to L6OO per annum represented the loss, a most ruinous one to farmers and moßt keenly felt. MINING NOTES. The annual general meeting of the Eldorado Sluicing Company, Limited, was held last night, and was attended by Messrs H. Sohlaadt (in the chair), J, Brown, F. G. Naumann, J. Don, J. A. Schlaadt, T. Chapman. J. O. Short, and W. B. Don. The report and balance-sheet wore read, and their adoption being moved by the Chairman, and seconded by Mr W. E. Don, were agreed to. The following report on the mine by Mr Naumann, mine manager, was read:—"Tho construction of the tail race was found to bo a very heavy and laborious job, on account of the great number of large boulders, the removal of which ocoupied the greater portion of the men's time. Eventually a point in the tail race was reached which enabled the men to open out, and they have now a face three chains wide to work on. The highest part of the face measures 45ft and the lowest about 20ft, the whole being a solid mass of quartz gravel. Although the gravel at present in sight is not carrying payable gold there are indications that we oannot be far from the main body of the lead, when good payable gold may reasonably be looked for." The following were elected directors for the ensuing year:—Messrs H. Schlaadt, J. A. Sohlaadt, W, B, Don, and J. Brown,

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https://paperspast.natlib.govt.nz/newspapers/ESD18890523.2.30

Bibliographic details

COMMERCIAL., Issue 7914, 23 May 1889

Word Count
461

COMMERCIAL. Issue 7914, 23 May 1889

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