COROMANDEL.

New Zealander, Volume XXI, Issue 2222, 13 September 1864, Page 5

COROMANDEL.

[from our own CORRESPONDENT.] At & meeting of shareholders in the “ Union Claim/’ held at Coromandel, on 7th Sept., 1864; Mr. Wood in the chair ; present — Messrs. Downes, Cudhy, Bohan, Ferris, and Wood. It was proposed by M r. Bohan, and seconded by Mr. Downes, “ that a call of £ 1 per share be made to carry on the works until a meeting of the shareholders be called on a fu .ure day.” Proposed and seconded “ that Mr. Ward, of Coromandel, jbe Treasury and Secretary pro. tern. Proposed and seconded u that Patrick Donnelly be appointed Manager pro. tem., at a weekly rate of £3 I Os.” Resolved “ that in ease of any difficulty arising in connection with the claim requiring immediate decision, any three of the shareholders be competent to decide, or a majority of three.” It was also understood that this was merely a preliminary meeting to enable the claim to he worked at once, as the original shareholders are reinstated in the possession of the claim, after an attempt to jump the ground illegally. Resolved “that another meeting be convo. Ed, date and notice of such meeting to be published twice in the three papers.” Resolved “that not less than ten tons of quartz be got out as soon as practicable, and crashed at the Southern Cross Gold Mining Company’s Battery.”

j These resolutions were signed by the shareholders on the ground. September 2. The prospects of our gold-field for the past week or two have not been quite so flourishing as might be wished, on account, partly, of the late heavy rains, causing the roads to be in such a state as to compel the Southern Cross Gold Mining Company to cease working their engine, in consequence of not being able to procure the necessary fuel. Since they have stopped working in their shaft and lower drives, they have been getting some nice gold near the surface, about ten feet above the level of the creek.- The “ Albion” has been compelled to register since they left off working their pumps; the party occupied in this claim had just struck the leader ( which was very rich with gold) when obliged to knock off, on account of the i emense quantity of water. It is to be hoped that before very long they will have machinery of their own, or else (as is reported) will amalgamate with No. 4. The Golden Point Company have taken up fresh ground to the north. In this claim, which is now sixteen men’s, work appears to be progressing, and before long the public may expect to hear of results the most favourable. The wash-dirt is all carted down to the Auckland Quartz Company’s mill, and will, it is presumed, be crushed (or rather commenced) during next week. That the crushing may prove a good one is the earnest wish of all interested in Coromandel. There is nothing of importance to communicate from the “C. G. M. Company, White Swan,” and other claims on the Driving Creek, but all work cheerfully on with the same hope of ultimate success. Murphy still continues to work (alone) on the Matawai Creek, and on d>.t is doing very well ; one report affirms that he is obtaining an ounce a week, while others aver that this amount is rather exaggerated ; be this as it may, he appears very well contented with his prospects. The gold he has been getting is very fine dusty gold, and is found close to the surface on the banks of the creek. He is not, however, likely long to enjoy his success in solitude, as several other diggers intend making a move in the same direction. It is to be hoped they may speedily verify the opinion expressed by Dr. Hector of the Waiau District.