Notes from Auckland.

Otago Witness, Issue 2209, 2 July 1896, Page 18

Notes from Auckland.

Auckland, June 23. „ Xnother instalment of £1000 was paid-iMi , account of the purchase of the Broken Hills property atTairua by a syndicate represented by Mt Jonathan Stayer. This makes #2000 paitt up to 1 date. The terms upon which the property was floated aro that the new company shall have a capital of £150,000, in £1 shares ; the local snareholders to receive £10,000 cash and 42,000 fully paid-up shares. Ample working capital will also * be provided to develop the property. The directors of the Grace Darling ana Porlsea companies met this morning to consider an offer made by Mr Leo Mayers on, bshalf of the Austral African Company for the option of these arid adjacent properties. No definite arrangement was made, as the solicitor pointed out that it was first requisite to communicate with the Home agents notifying that the directors here were entering into fresh arrange., ments for the flotation of the property. June 24. At the Police Court, before Mr H. N. North, croft, S.M., Walter John Harris w.as charged, with executing, on the qtu of .funa kst.-a. tvantjfer of shares in the Iva^io Gold <MiniDg Company, in

which transfer the name of the purchaser of the ihares was not written in Ink at *he time of execution thereof. Mr North- , croft , said several .cases had come before himself and Mr. Bush for this offence, and fines of £20 had been tbe lowest penalty allowed by the . ftct, He 1 thought' he should' have fined them £100; ; then it would have been stopped. Defendant interjected, and said he hoped that Mi-North-croft would not make an example of him. A fine Of £20 and £1 8s costs was imposed. At Puhipuhi 14 mining claims have been pegged ' . ' out, comprising 1400 acres. ' Gold prospecting is fDlng on vigorously in the* Ness Valley (Wairoa outh). The directors of the Grace Darling and Portssa Gold Mining Companies have accepted the offer .' of Mr Leo Myers for the purchase of the mines on behalf of the Austral-African Syndicate. The terms are: Capital, £175,000, in £1 shares; working capital, .£25,000;' 68,000 shares to he allotted to' 'the present shareholders, in addition to which the .Grace 1 Darling share- - holders are to receive £3500 cash and the Portiea ' shareholders £500. The option extends over five months ; £500 deposit on signing contract and £500 at the end of- three weeks. The Pyramid, Vendor, and Prioress claims adjoining are to be amalgamated with the' above, and receive a small proportion of shares. ' An offer hafl been made' on advantageous terms, on behalf of a powerful syndicate, for the Waihi Consols mine. ■ The directors have decided to -, defer final determination, until the end of the week, as an intimation has been received- that another large firm is desirous of also making an offer.

June 25. . The Kauri Freehold . Gold Estates, a. London . company which secured some blocks of L»nd at v- Whaugapoua, cammeuces operations forthwith.' „ iTbe 10-atamper. batteries at Owera and Opijanui ; are to be.put in good working order, and the mines there will be developed forthwith. Tho local board of advice consists p( Colonel Button, Messrs W. S. Wilson/ S.- T.< George, and A.G.Horlon. - The primary object of the company is, to prospect ■ a' large. area held and float the subsidiary companies where discoveries have been* made. Shires in the Hauraki North Company were in demanato-day, owing to the fact that the directors had received a cable offering to float the Union Beacli section of this property on the London market. The Union Beach property oonsists of ■ £0 acres. A notice was posted on the Exchange to-day stating that the directors of the Talisman Extended Company had extended the time for the option of floating this property until the 30th of June.

■ June 26. One of the • most important sales of mining property during the present revival was 'arranged to-day in the shape of the sale _of the Try Fluke at .Kuaotunu. For some time past Mr Seymour Thome George, acting on behalf of the London syndicate has been negotiating for the purchase of this property. An offer of JSIO.OOO made to purchase the mine outright was declined by the -directors of the company., Thi3 afternoon a meeting of the directors was called for the purpose ; of considering a further offer made by Mr George, I which was accepted. The terms are that the property be Bold outright for £50.000 ca-h, £10,000 to-be pnid down and the balance in two months. It i« further provided tbat the £10,000 deposit will he forfeited in .the event of the balance , not bting paid within the lime specified. After allowing for commission this will mean . a dividendf of 14a 8d per aharf. The Try Fluke mine comprises an area of 103 acres. This fale . will, no doubt, result in the Kapai -Vermont mine - j being taken for £03,000 cash, as the same syndicate, it is understood* holds the option for that . sum.. The .result must be a great revival in I Kuaotumi stock generally. • ' .A deposit of £250 has been lodged for the option . of the City of London flotation, to bs pubject to the confirmation of My Adams's report. ' Information has been received that the water race, and tramway of the Waitekauri mine suffered great damage through the floods, and the .. batteries stopped woik. The old ten -stamper ■ ibaltsry will probably resume on Monday, and at the new rail! on W#.»<ky week. An offer niada p> Air .Duncan, clerk for the Alpha mine, #** been accepted on the fo I lowing terms: On>e-4 of the company, £150,000 in £l shares, the jndora to receive 73,000 snares fully paid up j a working capital of £25,000 to be provided ; free option to be given to July 17, subject to an extension for two months on payment of £15,000, which sum will be forfeited to the company by September 17. ; • June 27. | The market for .mining ' shares closod much \ stronger -than it was a week ago. The cutting of a reef showing gold in the Golden Point mine at Tapu caused shares in that company to advance from 2s 9d to 3s 6d, with steady buyers at the latter price. Broken Hills wera in demand, and sold up to lid. Puru Consolidated shares were " firm at 5s 4i and 5s 6d, and Sheridans advanced from Is Id to Is 7d. The granting of an option for floating the Alpha Company caused these shares to advance to 8s 6d. The demand for Hercules still continues, and sales took place today .as high as Is 7d, while Portseis reached Is Bd, at which figure a large parcel changed hands. Stanley's firmed up to Is 6d, while frea sales took place in Waitekauri No. 4 at 7s and 7s Id, the market closing with buyers at the latter figure. Waihi Silvertons changed hands at 66s with still buyers at 655. >In Coromandel. stock : Bunker Hill shares Bold at 8i 3d, and aferwaidt at 83 6d,*which is a'-falling oft in value for the week. Hauraki North (contributing) shstrea < touched 4d, but there Were 'other sellers at tbat figure. There was quite a- run on New Tokatea and Bay •. i View shares, both reaching Is 6d. Naturally * Kuaotunu ' stock were" in "better demand. Frea . ' sales took place of Kanai-Veruionts at 103 <7d and " 'los6d. ' A" large" 'line of Alaori Dreams sold at Is Bd, while Mao.-iland reached 2s Id. Many of the •> cheap^uaotunu stock also found buyers. Great" United sold in large lines at sd, and there were • still buyers at that price. -' The Hauraki return for the past month is 1 20Woz of gold, valued at £G2S2. . • June 28. A cable has been received from London making an offer for the G:fl"ce Darling and Portsea mine 3. The prope.ty wa«, hoirevor, under offer to the Austral-African Sindicate, who are prepared with their deposit as soon as the deeds are ready. • The £10,000 to be paid as the first instalment of the £50,000 agreed upon for the Try Fluke mine has been received by Mr Seymour Thovne Georga, and will be handed over as soon as tho nccestary 1 documents are prepared. Cable 3 were received from London to • day regaiding the flotation of the Golden Lead Com- - pany. It is stated that the allotment will take place next month. „ The £8100, being the balance of the £16,000 extra to bepaid.td local shareholders, in the New Alburnia, together with £700 cash on account of woiking expenses s : nce March last, have been paid into the Bank of New Zealand at Auckland. , " Some stone showing rich gold has bden brought to Auckland from Katikati.