MOUNT HIGHLAY COMPANY.

Otago Witness, Issue 1989, 7 April 1892, Page 15

MOUNT HIGHLAY COMPANY.

TO THE EDITOR.

Sir,— l, as a shareholder in the Mount Highlay Quartz Mining Company, and on behalf of the shareholders in the Black's district, desire to return our thanks to Messrs Esther, Larnach, Solomon, and Co. for their action at the meeting recently held in Dunedin. We also wish it to be known that we are not in any way implicated in any actions of certain Naseby shareholders, and consider that the property was disposed of in a most improper manner, and ought to realise a far larger sum than L4OO. We therefore trust that the late sale will be declared illegal, and some money got back for shareholders who have already lost heavily by this company, which, in our opinion, has been mismanaged for a long time, and has caused a speculation which promised to turn out so -well to become a lamentable failure. — I am, &c, March 29. Shareholder.

TO THE EDITOR.

Sir, — In connection with the report of the meeting of shareholders of the above company, held on the 31st ult., you publish a letter from Mr N. P. Hjorring (the liquidator), in which he states that he informed me, in the capacity of legal manager of the company, some time prior to his appointment as liquidator of the then condition of the company's affairs, and asked me to endeavour to arrange for the relief of Mr Mitchell as guarantor to the Bank of New South Wales. As I find, since the publication of your report, that several persons are under the impression that I was legal manager of the company, and consequently have b.een at a loss to understand my subsequent action, I wish to state, through the medium of your paper, that I am not and never was legal manager. Unfortunately for myself I am a large shareholder, and that fact being known to many of my co-share-holders in Dunedin, they requested me to proceed to Naseby with the object of ascertaining how the company really stood and its future prospects. J did. so, and saw Mr Hjorring, with whom I fully went into the company's affairs. It was subsequent to this interview, but before any step had been taken with the object of putting the company into liquidation, that Mr Hjorriug wrote to me asking that I should endeavour to get Mr Mitchell released from the bank. To that letter I did not reply, because I found myself unable to act in the manner suggested by Mr Hjorring. I made this explanation at the meeting of shareholders last week, but your report omits to mention the fact. Please allow me this opportunity of setting myself right with my fellow-shareholders and the public, and oblige. — I am, &c, Dunedin, April 2. George Esther.