WAIKAKA QUEEN COMPANY.

Otago Witness, Issue 2456, 10 April 1901, Page 21

WAIKAKA QUEEN COMPANY.

An extraordinary meeting of shareholders m the Waikaka Queen Gold Dredging Company ■was held at Gore on Wednesday night (says the Standard) to finally consider the resolution in reference to the reconstruction of the company. There was a fair attendance of shareholders, and Mr John Turnbull (chairman) presided. A report from Mr E. E. Collins, engineer on the Waimumn dTedge, was read as to the condition of the machinery, in which Mr Collins suggested a number of alterations and improvements. Mr J. M. Graham, who superintended boring operations on the claim, also forwarded a report, m which he stated that in his opinion the dredge will yet give & good account of herself, though nothing exceptional need be looked for. In the discussion that followed satisfaction was expressed with the result of the boring, and on the motion of the chairman, seconded by Mr E. A. Pigeon, it was unanimously resolved — " That the capital of the company be increased by the creation of 1000 preference shares of £1 each."

CHAMPION GOLD MINING COMPANY.

The following is the report of the directors of the Champion Gold Mining Company "for tho year ending 30th March la-st, to be submitted ai a meeting of shareholders to be held on the 18th inst. : " The directors have to report that the yield of go!d shows a profit of £307 2s 2d for the year. The claim, race, and plant are in good order, and there is every indication of the recent satisfactory gold returns being maintained. The directors deemed it unwise to proceed with the erection of a dredge, being assured that by waiting until a large number of dredges in course of construction -were completed the cost would be lessened. No time, however, will be lost in securing a dredge suitable to the requirements of the company's claim. In accordance with the articles of association, Messrs John Thompson and Archibald MTKinlay retire from the board, and, being eligible, offer themselves for re-election. The auditor (Mr Andrew M'Lean) retires, and offers himself for re-election."

GOLDEN GRAY DREDGING COMPANY.

The annual meeting of the Golden Grey Dredging Company was convened to take place in Messrs Cook and Gray's office, Manse street, on Wednesday afternoon, and the annual report for submission thereto was as follows- —

" Your directors beg to submit balance sheet for period ending 28th Februaiy, 1901. Your directors when appointed considered that as the Grey River was not proved as regards dredging, they deemed it advisable not to take steps to have a, dredge constructed until some of the ad■joining claims had shown payable Tesults. During the year your directors visited the Coast, and arrangements have been made with an expert to -have the claim prospected by boring, aad your directors hope to be able to lay his report before the shareholders at the forthcoming general meeting. During the year Mr W. R. Cook retired from the directorate, and Mr BT. E. Easton was elected in his place. -Messrs Easton and Somerville are the retiring directors; the auditor. Mr T. Chalmer, also Tetires. All" being eligible, offer themselves for Te-election."

"Mr-W. G. Somervrlle (the chairman of directors), Mr S. T. Mirams (the .secretary .of the company), Mr W. C. MacGregor (solicitor), and four shareholders attended, but as there was no prospect of a quorum, the meeting was allowed to lapse, and so stands adjourned for a week.