JENKINS'S HILL PROSPECTING ASSOCIATION.

Nelson Evening Mail, Volume XXIX, Issue 98, 27 April 1895, Page 2

JENKINS'S HILL PROSPECTING ASSOCIATION.

I, n 1., -i, A meeting of shareholders in the above named Association was licit! last evening. There was a largo n-tfcinJunce ami Mr T. Pettit presided. The chairman stiid that, tlio prospects of the liiiuo continued to be encouraging. The Directors hud visited the mine this week, and found (hat the shaft was sinking fcjjvough solid coal. Ic was for the meeting 1,4 determine the future working of the mine anil t)ie c.\]iciiditurc of the additional subscribed capita). The Beuretary (Mr Newman) reported that as it result of a wmvas J l3 oijt of the l.*)0 additional shares had been applied applied for. Messrs Wise and (.Jribble reported tliat the coal was making a turn and a dip towards the flat, away from the river. They considered this a {jood sign, and the coal was improving in quality the further limy sunk. The chairman suggested that the shareholders visit the mine and .sco the eoal for themselves as the directors had done. Mr Wise replying f<) questions said lie thought it would l>e best to cqntiimc sinking till the bed rock was readied, It would be all the- better if they sank down one hundred feut, So far as they had gone Mr Taylor's report and diagram had proved correct. Considering the splendid indications the chairman said he felt certain that there would bo no difliculty in subscribing the whole of the £130. In answer to a remark the Secretary said he had done all lie, could to make it known that the shares were open to the public, and the chairman said that Ibe number of new shares taken up showed that the Secretary bad worked energetically. Mr Gtibble said he would take live more shares and three otbeiu weie applied for in the room, thK the chairman said, leaving only 29 more to be applied for. It was unaninioiu'y resolved on the motion of Mr Mellotc seconded by Mr Scaife. that the Directors be authorised to continue proving the mine with the funds in hand. It was pointed out by M.r T. Pettit that if water continued making in the mine it would be advisable to put on another shift of men. The Chairman said two more men would probably be put. on on Monday. The Chairman and Mr Moyes snid thai; those who had tried the coal wore anxious to get more, and Mr Joseph Stanton who was Belling it, had more orders than he could supply, Five or ei?f tous of Black

which attention bad been called tOj Were now under oilier at 3s a ton.

It waa resolved on the motion of Mr Scaife, seconded by Mr Sharland, that «o grant of free shares be ealertained by the Directors.

The meeting then terminated