TAIRUA GOLD MINING COMPANY.

New Zealand Herald, Volume XIV, Issue 4789, 23 March 1877, Page 3

TAIRUA GOLD MINING COMPANY.

The adj6urHed : meeting of this company-was tohavebeeA held- at: two o'clock yeiterday afternoon, but at that-time only the chairman of directors (Mr. G. S. Graham) j and eight other gentlemen were present, wbereaa it required: the, presence of fifteen "to form a quorum. After waiting till, three.o'clock, and no one appearing to increase their number, Mr. Graham rose, and expressed bis surprise that such an utter want of interest ehonld be manifested by the shareholders iu' the affairs of the company, j Hβ felt,quite,.disgusted. He was anxious to have met them there"that day, and to hare given them a full, explanation of the condition of the property; as it wai, |that meeting would have to be adjourned sine die, arid in fne meantime the ; jwpuld be liquidated. The gentlemen then- took their : leave:" "The report,' which, 'had' l been prepared for the occasion,; jwas as follows :—" Accompanying this; ; the directors' submit' to' ' the shareholders a financial statement of the position of the company. : It was also deemed necessary to ewnvene'an extraordinary general meeting of shareholders to consider the same, the prospects of the mine, and to determine the future course : , ,of ./procedure. Several creditors, however having becomeimpatient, took legal proceedings against the company. The mortgagees have taken possession of," and will sell the "property this day by'public auction. .: Urgent: .solicitations have been made to indues a postponement of such sale t<i allow time for the shareholders' to meet and make some" arrangement, but*' without effect. The present directors retire, but are eligible for re-election.—G.;S. GRAHAM, Chairman; -March; 20th,' 1877." The receipts from lst'May,' 1876, to 28th February, 1877, had amounted to £4348 19s 3d; and the expenditure < during rthe eame time to : JESG36:I6a 4d ; leaving a difference of £1287 17s Id; which' had" been met by an overdraft from of .New Zealand. The uncalled capital (3s per share)' represents a sum of £1425, and the nnalloted shares (500 at 10s each) £250. . : ■ ' ■■ • !?• ■