Saddle Hill Gold-Mining Company.

Otago Witness, Issue 1681, 9 February 1884, Page 12

Saddle Hill Gold-Mining Company.

The adjourned extraordinary meeting a> d the adjourned general meeting of the Saddle Hill Gold-min-ing Company were held at the Compa'nj'd offlc, Manee street, on Friday, at 4 p.m. ; Mr Heelca in the chair. Tho redistribution oE the capital into 100,0C0 shares of £1 each of classes A, B, and C, and the action of the directors in connection therewith, were confi.-mcrt and adopted, ai.d the rules were altered arid amended so as to harmonise with the new stato < f affairs. Ihe Chairman stated that 18,208 C shares had boon applied for and allotted, thereby making tho present proprietary 79 members, and added that as a good many applications wero still to come in from the North and elsewhere, there was every rea9on to believe that all the remaining shares would be placed in the oourse of 1. week. The miner 3 had applied for more thaa 0000 Shares— a fact that spoke for itself, as nobody wa-i m a better position than4hey to gauge the value cf the property. Works at the mine were progresing favourably. B reef was alrpady connected by tramway, and stone was baing crushed from it ; whi Bt a coutract had been let to open up and connect C reef, . from which quartz would be forthcoming at the bj:tery during tho present .month. Tho stone louked well, and the mine was never in a better state than at present. Jhe month's. cleaning-up would take place i>exfc week, and a satisfactory cake might be expected. , Tho retiring directors wero reoppointed, and Mr D. L. Chribtie was elected local director. The geucr.il meeting was further adjourned until Friday, lfjth inst., a% game hour and piece, whon tho report and balance-sheet for the past half-year would be submitted. A vote of thanks to the Chairman concluded the proceedings.