Hawke's Bay Herald FRIDAY, APRIL 1, 1870. HAWKE'S BAY GOLD MINING AND PROSPECTING COMPANY.

Hawke's Bay Herald, Volume 14, Issue 1140, 1 April 1870, Page 2

Hawke's Bay Herald FRIDAY, APRIL 1, 1870. HAWKE'S BAY GOLD MINING AND PROSPECTING COMPANY.

Pursuant to public advertisement, a meeting of shareholders in this company was held in the Council Chamber last evening. There was a fair attendance of persons interested ; and, on the motion of Mr. J. A. Smith, seconded by Captain Newman, the chair was taken by Mr. Anderson. The chairman then called upon Mr. Tiffen to read the report of the provisional directors, which he according did, and which was as follows :— KEPOM. In accordance with the resolution of the meeting of shareholders, the committee engaged the services of prospectors whom they believed to be efficient. The party, under the charge of Thomas Roberts, lost no time in prosecuting their search. Commencing on the 6th. of October, 1869, they were engaged up to the 27th. [ January last, in prospecting the rivers Rangiteki, Taruarau, and the Ngaruroro, tracing them to their sources in the Kaimanawa range, and in examining the head waters of sundry streams running northerly. The party was subsequently engaged in prospecting all the streams running between the Ngaruroro and Makaretu. Up to this time their researches have been unsuccessful in discovering gold ; they have on more than one occasion found " the colour," as it is termed, but j have failed to do more. Dr. Hector, the Government Geologist, paid a visit to the Kaimanawa district in the months of December and January, and kindly offered to the prospectors suggestions as to the localities worthy of research, to which every attention has been paidMr. Tiffen, the Legal Manager, paid a visit to the rauges at the end of October, and again in November, and was satisfied that the search was being prosecuted with zealand_industr_y- — The party of prospectors (now reduced to three) , still in charge of Thomas Roberts, are engaged in prospecting the bed of the Makaretu river, where they have found fine granite and sandstone, such as they consider more fovourable indications of future discovery than any previously met with. The river Makaretu wa3 selected by Dr. Hector as. showing better signs than any he had seen in the district. An abstract of the accounts, duly audited by Mr. Lyndon, the Accountant, is appended to this report, by which it will be seen that, after paying all outstanding accounts, there will be a balance in hand of three hundred and forty-one pounds (£341). It will be for this meeting to decide whether the present researches should be continued for a limited time, — bearing in mind that the weather will shortly become unfavourable for such, operations, — or whether they should be postponed to a future period. The Directors would suggest that the present party be strengthened, and their work continued until the middle of May, when the committee would recommend that the pack-horses be depastured at small cost, and the saddles and plant be warehoused, and no further steps taken without the sanction of a meeting of the shareholders, to be called by advertisement. T.K.Newton, J. G. KINBOSS, ) t> m ••-„-! T at Tir,-,,,* / I JcTOVlSlOnai ': *£. ■ j DirertMs - J. D. Obmond. ' H. S. TIFFEN, Legal Manager. — Mr. Tiffen also read the balance sheet (for. which see advertisement). It was moved by Major Gi-een, seconded by Mr. Fisher, that the report and account read be approved. — Carried unanimously. It was then moved by Mr. Fisher, seconded by Mr. Lownd, and also carried unanimously, that the provisional directors be requested to continue their duties and to carry out the suggestion in the latter part of the report. A vote of thanks to the chairman terminated the proceedings, which occupied but a short time.