NONPAREIL GOLD MINING COMPANY.

New Zealand Herald, Volume IX, Issue 2686, 6 September 1872, Page 3

NONPAREIL GOLD MINING COMPANY.

Wb take the following from, last night's I Thames Evening Star : — j A meeting of tho shareholders of the ; Nonpareil Gold Mining Company was c held yesterday afternoon, at the Go- < vernor Bowen Hotel. Mr. Anthony < was first proposed as chairman, but an amendment patting Mr. WiU'moU in that position was ultimately carried. The proceedings then commenced, mid were of a stormy nature. —Mr. Scott said that he would now move that Rule 6 be altered as follows: " That the general meetings of the company be held as hereinafter provided, in the mouth of July, in the years 1871, 1872, 1873, 1871, and 1875, and that nil the directors shall retire on this the 4th of September, 1872, and thereafter yearly, when a new election shall take place, in accordance with sections 24 and 27 of the Mining Companies Limited Liability Act, 1865."—This was seconded by Mr. Atkins, after which a ■warm argument took place, Mr. Tyler aud Mr. W. Rowe both opposing the resolution. —Ultimately, Mr. Danby said that he would be in favour of not going to extremes. He would suggest tiiat the three directors longest in office should retire at the annual meeting. He would propose that as an amendment.—luquiries were then made as to whethor it was necessary that the majority in number and value of shares should vote for an alteration in the rules, or whether all that was required -was that such a majority should be present at the meeting at which the alteration was made. — The legal manager read letters from Mr. Whitaker, in which he gave his opinion that a majority in number aud value of tho company must vote in favour of any alteration, otherwise it could not be legal. —Messrs. Bruce aud Scott were then appointed scrutineers. —A long time elapsed in reckoning up the vote- The votes, as read out by the Chairman were : —For the amendment, 2,3-10J; for the motion, 2,575 J. 258 shareholders voted, a majority in value were represented. —It then appeared that a majority in number and value had not voted for the alteration. —Mr. Rowe therefore said that the rule was not altered, but stood precisely as it had been.— —ifr. then proposed that tho rule be altered, so as to read, " That the retiring directors shall be eligible for re-election." —A most animated discussion then commenced. —The Chairman was asked to leave the chair more than once, aud was accused of partiality, but a vote of the meeting on each occasion confirmed him in his position. Polls were demanded on every question.— Subsequently, a number of shareholders and the legal mauager left the room, taking with them the books, &c., of the company.—lt was then voted by 1903 shares present that the meeting should be adjourned until this morning, at 10 o'clock. The adjourned meeting was held at ton o'clock this morning, at the Governor Bowen Hotel. Xone of the opposition of the former day were present, and the proceedings were I conducted with remarkable brevity aud harmony.—The following gentlemen wero elected directors :—Messrs. Bleazard, Warmoll, C. S. Brown, Fenton, Griffin, and C. B. Robinson. Mr. Sawyer was elected to act as secretary, f pro ton.—The alteration of rule 7, proposed t by Mr. Scott on the previoui day, was carried f- unanimously.—Mr. C. S. Brown proposed

that Mr. Fletcher should ba discharged from his office as legal manager forthwith.—Mr. Atkins seconded this resolution, -which was carried unanimously.—Mr. B. McDonald Scott wjis then chosen legal manager without opposition.—Mr. R. McDonald Scott then spoko at some length on the disturbances which had occurred from time to time in the company. He also asserted that all the action of tho present meeting was perfectly legal. He accepted the appointment of legal manager fully confident that he had been duly and lawfully elected. Mr. Scott cno!*?d at length from the Acts bearing upon the proceedings of the meeting.—Mr. Griiiiu asked in what capacity Mr. W. Ko'.vo was employed by the company ?—An answer was returned that Mr. Rotto was inspector of the mine.—The minutes were read and confirmed.—Totes of thanks to the scrutineers, tho secretary, and the chairman were passed by acclamation, and tho proceedings terminated. The directors subsequently held a meeting at the office of tho legal manager, but adjourned aii'.il 7 o'clock this evening, in order to obtain a full meeting of tho Board.