ROUND HILL SLUDGE COMPANY.

Otago Witness, Issue 1926, 15 January 1891, Page 15

ROUND HILL SLUDGE COMPANY.

As was announced by cable a few months r.go, a company has been floated in London to construct a sludge channel to carry away the tsi'inga from the Kound Hill diggings. Mr George E vans, one of tha promoters of the scheme, to whom was entrusted

the placing of the comDany on the Home market, returned to the colony by tbe last San Francisco, mail steamer, accompanied by Mr L. A. Baillon, one of the directors— who, as soon bb he sees to 3 aeces-^ sary transfers completed, will f-uthorise the imnW diato commencement of the work of forming the channel. A meeting of the promoters was h Id in. Ducediu od Friday, at which Mr Kvan3 reported the terms on which he had disposed of tee rights to the company. The whole of the negotiations were deemed eminently satisfactory. The capital of tno company is £50,000, in. 500 £100 shares, and the whole of the public Issue has already nearly been, subscribed. Sit 1 Hobert Stout, the Hon. W. J. M. Larnach. and Mr John White constitute the local committee. Messrs Haitian and Evans left for Kiverton, the colonial head quartets of the company. : on Saturday, and it it expected that the undertaking, which promises to do wonders for the district, win be started this week.

SBW HOY BIG BEAOH COMPANY. A telegram was received on Friday from the manager, who states that the small dredge washed up 2loz amalgam for two days' dredging. Total amalgam for one week, 690z, which gives 64 per cent, retorted gold-