WAIHI MINE.

Taranaki Herald, Volume LIX, Issue 14397, 3 January 1911, Page 3

WAIHI MINE.

THE DEOP IN QUOTATIONS. For Press Association. AUCKLAND, Dec. 31 Mr. Charles Ehodes, local attorney for the Waihi Company, interviewed regarding tho drop in AVoihi shores and the cabled statement by the Financial News that the company is tint prey to rumour, largely because the directors do not publish progress reports, said thatthere was no.justification for complaint as to lack of information regarding development work at the mine. The company published more details concerning operations at tho mine than any concern ho; know of. Monthly reports giving full particulars of work were handed oilt, and quarterly re|Kirts were issued to shareholders, lie knew' of no other concern that'issued quarterly reports. Taking tho monthly reports and annual reports, which contained nothing more than was in the former, an engineer could, by spending a little time, work out a correct statement of assays, yields, and everything else useful, without going hear the mine. Ho knew this was done in London at the present time. The drop in tho quotation cabled he admitted was staggering, hut he could offer no explanation' as to the cause.