Notes from Mataura. (From Our Own Correspondent.)

Otago Witness, Volume 02, Issue 2420, 2 August 1900, Page 19

Notes from Mataura. (From Our Own Correspondent.)

GORE, July 26. The half-yearly meeting of the Gold Creek Gold Dredging Company was held here last evening, some 20 shareholders attending. The gold won during the six months amounted to £768 5s 7d. Considerable difficulty was experienced in settling the dispute in regard to the pollution of the stream, and ultimately £120 was accepted in full settlement of costs to date. The company is now paying a weekly rental for the use of the stream, which it was hoped would have been included in those proclaimed sludge channels. The balance sheet was submitted, and showed £698 10s still remains at the debit of the profit and loss. The question of the disposal of the 500 unallotted shares was considered. The largest shareholders were willing to take up their portion, and it was deemed advisable to run the dredge another month, as it is now on good wash, and if there is no likelihood of getting out of debt shortly then the remaining 500 shares would be allotted. Experts are of opinion that the claim is better than anything either at Waikaka or Charlton Creek, so that if the company should have a run of luck, with no breakages, very soon they would be out of debt.

The pontoons of the Milestone Gold Dredging Company were successfully launched last Saturday.

Rain fell here yesterday, but the weather is delightfully fine to-day.