NO TOWN CREEK DREDGING COMPANY.

Otago Witness, Issue 2668, 3 May 1905, Page 27

NO TOWN CREEK DREDGING COMPANY.

Cria4Fa^ m *? ba 8 of * he Xo Town Creek Gold ; ;l>redguig_ Company was Jield at No 04 & street .on Friday, when Dr JRr Martin ' S^Fw "'* dlMctors > P^sidea, .and SO -oth« BJiax€h.olders*were J pieseirt. " • ♦fc?£ C^? n^J n *? ol '?& the adoption of the annual -.report {already published), said theiß-wasr.noaiing for .him to refer to except ■what was. contained in the report.^ Since the xepOTt.was.jprinted.ihe dredge had been gettm" oa , to -better, ground, -and it was hoped that . -ispttld be on dividend-paying gravel. V- shareholder. asked why i;he gold was not --cijmgnif .£*- per ounce. ' t Th< ; :Chairman-.. said the -gold was valued at ls-ld.'per ounce, but there was a, charge of 2s ,jper-; ounce for melting, and there was a J>ercehiage of loss in melting. ._~™f , J^orman seconded the motion, which, was ■Jcarried^Ttiumiiriously. "Sfess±s_-C7 Parfixt.and T. Steel were elected directors in- i>lace of- Messrs M. Pearce and D'Jdrcy.^Braggitt. " " Mr T.,Cha,lmer was re-elected auditor. Mr -C. Barfitt complained that the sharaiiolders.had ,not been consulted about the-pur-chase of No Town No. 2 claim. Mr Anderson said the directors were a body jof men in whom -the shareholders had th© utmost ;■ confidence. In purchasing th© jSo Town Mb. 2,. the directors had done the best thing "ipossible for the company.— He wouid anore- that a vote of thanks be accorded to the directors and" secretary for the way in which they:had managed the company's affairs during the past year. — This was seconded by Mr J?arfitt and carried without a' dissenting- voice. A vote- of thanks was passed to the dredgsTnaeter^for the efficient manner in^ which he 2iad- : carried "out his duties, and to the secretary and -chairman, which, concluded the proceedings.