THE KAURI MINING CORPORATION.

New Zealand Herald, Volume XXXII, Issue 10013, 27 December 1895, Page 3 (Supplement)

THE KAURI MINING CORPORATION.

a i.:;i-:vr mixing enterprise.

''Ai'il'AL £500,000. .! «as received from London -I i' in bi-r i" conveying news of great im- ., t* to the colony and cs;wc'.<«iiv to 1.. i, A company has been formed in

i :> ""-liT the title of "Tho Kauri

V _• l'.>rp,'-ration," which is to tako t treeli i.d lands of the Kauri Timber I .vv .n :'.e Thames Peninsula. Theso ( - : ah-ut- 06,000 acre*. The largest 1- , "x:-:i.li from nearly the Tokatoa 1 r l '-romandel, over to \\ hangapoua a: : :tumi, while thero are blocks at ••• : i.» - i t ie Thames gold lie-Id, and at T.'! .« Cur goldtields news has shown t:v,ri--us attempts have been made of ]~-•» ■ • '..ike up ground on tho land in c;?- i, '■ut tho Cold fields Department 1- . . :ve n.i title, as the lands wero free- |> ; \.i« these lands will bo made avail;i. ». :ri I in such a way as will secure the li-ir ; ••.en of their undoubted wealth. YV; ':>■ i.'\e 'ii.it the new company propose t; • '.ihetaliv with prospectors, and to >« .r • n: a substantial share in any digr 1 -rv they may make. If a reef is found v.. •i ; .t' , i ' t!ie necessary test there will be r> "i.'y or delay in obtaining the best z:<:. .Tn-ry for extracting the gold. i. !: his been found on various par- */" i of the blocks which are to be ! if-i over to iho new company, and si Upironui (Lanigan's) and Owera, f-'re ire ten stamper wet crushing plant;. I-:' ;: '.e tnaiigemenU now made may be f.i;! !i be tho first suitable scheme for w-rkirie. Practically, a new goldfield has bren '1 : le i to the resources of Auckland. V..- »\: ect that a large amount of prospecti"_" wi.l be done during the summer, and p.-: : Vre will be disclosures of discoveries f.r hue been ma le, but which have been c • ■ «'.c!. The enterprise is one of the if indeed it is not absolutely the .■••fi'f'f, in the line of goldfiilils developc '.r that has been inaugurated in the

: ".ie«. A- discoveries are made, sub•iiury companies will bo formed to work I'.*.:n. The Kauri Mining Corporation, v.-.ich is intended to be a parent and dere'- ping company, will be the means of Cubing a very large amount of capital to be devoted to the working of our goldti»'l«, and will benefit them throughout their whole extent. We need scarcely say that the enterprise will be of ereat and immediate benefit to the Kauri Timber Compiny. Some of the block? contain valuable kauri timber, and these are not to bo prospected for ii time. The arrangements with re>pect to this company have evidently been fully and carefully made, as we are informed in the cable message that, it has already been privately subscribed.