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THE BLUE SPUR CONSOLIDATED.

It is now understood that at the time Mr Brown had delivered his statement of affairs to the shareholders last week, his connection with the company had virtually ceased to exist. Mr Jackson was at the time in Dunedin, and had completed his preparations for taking over the control of the property both from Mr Brown and Sir Robert Stout. Both of these gentlemen held a joint power of attorney over the Consolidated Gold Company's property. This is now held by Mr Jackson. Sir Robert Stout, it should be said, cabled Home a few weeks ago tendering his resignation, which was at once accepted by the company. In Mr Brown's case the procedure was somewhat summary, and did not permit of time even to allow of a formal resignation. We believe a more interesting chapter than any yet recorded is about to be opened in the course of a few months—that is to say, about the closo of the present session of Parliament. The details are of a financial character, and

are likely to prove interesting. Mr A. j Crooke is likely to be appointed solicitor to the company under the new regime, and Mr J. C. Arbuckle accountant, Mr Jackson being of opinion that the expenditure in connection with the management and working of the property should be kept in the district as much as possible. We believe it has been found necessary, in the interests of economy, to dispense with the services of Mr W. Goldsmith, who occupied the position of sub-manager during the late management, and who, it is stated, had been deputed by Mr J, C. Brown to represent him during his absence in Wellington. It is intended to discontinue nightwork in the mine at once, and to introduce other changes which it is believel will have a very appreciable effect on the productive character of the property. ' Tuapeka Times.'

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https://paperspast.natlib.govt.nz/newspapers/ESD18890704.2.36

Bibliographic details

THE BLUE SPUR CONSOLIDATED., Issue 7950, 4 July 1889

Word Count
318

THE BLUE SPUR CONSOLIDATED. Issue 7950, 4 July 1889

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