The Blue Spur.

Otago Witness, Issue 1901, 17 July 1890, Page 14

The Blue Spur.

TO THE BDITOB. Sib,— ln the "Mining Journal" of 10th May 1890 is a report of a meeting of this oompany held in London, at whioh the chairman stated : "He (the chairman) would like to mention one other thing before he went to the proposition, and that is, as the shareholders were all aware, that at the last meeting they had to dismiss Messrs Brown and M'lntosh, who in the first instance were not working the mine properly. These men certainly did not keep them informed of what was being done ; they did not give them any reasons for the reports sot coming." I wish to point out that I did, whilst acting as a local director in conjunction with Mr Brown, forward returns regularly every month to the chairman (Sir Walter Buller) of what was being done at the mine, showing the amount of gold obtained and a detailed account of the working expenses, and these accounts were certified to by the working manager and Mr B. H. Leary (the accountant of the company) ; and I hold in my possession letters from the secretary apd chairman of the company acknowledging the receipt of these accounts. I have already had occasion to write to the public papers op this subject, pointing out the injustice done to Mr Brown and myself by the statements made by the late chairman (Sir Walter Buller) of this company. My term of office as a local director expired some J. 4 months since, and I refused to stand for re-elec-tion, as I was not satisfied with the way in which the company's business was being conducted in London. I was never dismissed by the London board until months after I had ceased to have anything to do with the company as a local director. My resignation was entirely my own act, and the London board had nothing whatever to say in the matter. Since Mr Jackson has been in charge of the mine he has valued it at £90,000, and could see his way to make returns on that amount. I should very much like to know what dividends have been declared .since Mr Jackson has had charge of the mine. None of the local shareholders have beoo famished with particulars of the working of the mine, nor have they so far as I can ascertain received any dividend, The first year that Mr Brown and myself had charge of the mine a profit of something like £3000 was made after paying all demands, and the present management so far as I know have never been able to show anything approaching this return, but are repudiating their legal debts, and have been sued in the local court for moneys owing on some of the properties of the company, which money has not yet been paid. — I am, &c, .Lawrence, July 5. David M'lntosh.