TARANAEX.

Hawke's Bay Herald, Volume 13, Issue 1086, 24 September 1869, Page 3

TARANAEX.

By the Ahuriri we (Independent) have papers from this province to the 11th instant. The Provincial Council was dissolved on the Bth instant, whilst in session. The writs for the new election were expected to be published in a few days. The Herald says :~-The first flax company formed in the colony, called the Opunake Flax Company (limited), has been started during the past week. The capital is £6,000, in six hundred shares of £5 each; £1 to be paid on application, the remainder in calls not exceeding £2 per share, at intervals of not less than one month between each call. ' The whole of the shares are taken up in this company, but as there is any quantity of land with flax on it, owned by the natives to the south, we shall not be surprised to hear of several other companies being formed to work the flax into a marketable article. The whole of the unalloted shares of the Pioneer Steel Company have been applied for. QUAETZ FEOM TAEANAKI. The Thames Advertiser of a late date says—Our New Plymouth friends will be pleased to learn the result of a test of quartz brought up by Mr. Earley, a passenger in the Lord Ashley, from that province. The quartz was obtained from the Eaitake ranges which is being prospected by means of subscriptions raised for that purpose among the inhabitants . The stone tested by the assayer of the Bank of New Zealand, Grahamstown, yesterday, weighed about one pound and a half, and yielded, according to the assay note, at the rate of two ounces one dwt. to the ton. The stone is said to be of a likely-looking character, and the sample submitted was thickly impregnated with sulphur. We may congratulate the people of Taranaki on the prospect, although , the, , sample affords by no means a payable return.