MEETINGS OF SHAREHOLDERS.

Thames Advertiser, Volume VIII, Issue 2125, 19 August 1875, Page 3

MEETINGS OF SHAREHOLDERS.

TAIBUA GOLD MINING COMPANY. An extraordinary goneral meeting of shareholders of the abovo company was held yesterday, pursuant to advertisement, in the commercial room of the Pacific Hotel. Tho meeting was convened upon a requisition signed by moro than one-fifth of tho shareholders, and was well attendod, Mr Wm. B. Jackson was called to tho chair, and stated the business of the meeting, calling upon Mr E, K. Tyler to introduco tho resolutions drawn up in complianco with tho terms of tho requisition convening that meeting.

Mr Tyler explained that tho first object of tho meeting was to reduce tho present number of directors by one-half, and by so do.ing to confirm, the legal standing of tho remaining board of directors, ifo then introduced tho following series of resolutions to tho meeting, which were duly proposed and carried Proposed by Mr J. Daniels, seconded by Mr W. Sullivan, " That tho numbor of tho directors of tho company (ten) be reduced by fivo; that Mossrs Peter Brown, John B. Perry, William J'cCullough, John Neves, and W. Sims bo tho number reduced accordingly, and that such reduced numbor go out of offieo forthwith,"—Carried.

Proposed as a special resolution by Mr J. Daniels, socondcd by Mr Snllivan, " That cach and every of tho present dircntors bo, and thoy arc, hereby romoved, and that Messrs William B. Jackson, Georgo S. Graham, Joseph Howard, Louis Ehrenfried, and Waltor Sully, being persons holding not less than fifty shares each in tho company, bo, and they are, hereby appointed directors, to hold offico until tho ordinary general meeting, to bo held in tho month of July, 1876."—Carried.

Proposed as a spooinl resolution by Mr Sully, seconded by MrEhronfricd, " That the existing regulations of the company, as contained iu table marked B in tuo schedule to the Joint Stock Companies Act, 18G0, be, and thoy are, hereby rescinded."—Carried.

Proposed as a special resolution by Mr Sully, seconded by Mr G. 8. Graham, " That in liou of tho existing regulations of tho 'company, the following shall bo henceforth tho rules for tho management of the company, that is to say."—Carriod, Proposed by Mr Sullivan, seconded by Mr Sully, "That this meeting hereby ratifies and confirms all aots herotoforo done by each and overy of the share* holders who have been acting as directors for tho purposo of carrying on tho business of tho company, and that whether such shareholders were regularly appointed directors or not."—Carriod.

• Tho only business which then remained was tho election of auditors or tho confirmation of tho appointment of thoso previously appointed, Messrs Gollion and MacDonnoll, Mr Sully proposed that Messrs Wardell and E. H. Power should bo elected auditors for tho current year. Messrs Graham, Tyler, Horsbrugb, and others considered that tho two gentlemen already appointed should bo retained, and Mr Graham further said that he thought tho last resolution in confirming tho -action of tho directors decided this question. Mr Sully said that those gontlcmen woro only appointod for a special purpose to audit the books of the company when the management was changed from Mr Graham to Mr Wildman. Ho had no intention of casting any slur on them as had been stated. After some conversation Mr Sully's motion was not seconded, and Mr Graham proposod. that Messrs Gollion and Macdonnell bo appointed auditors for tho ensuing year. Mr Jackson seconded tho motion, which was carried without dissent.

Mr Sully apologised for tko absence of Mr Beoclio, the manager, who on account of illness had been obliged to go to tho Hot Springs. Ho (Mr Sully) had visited the mino on tho previous day. Ho found that sinco sluicing was started tho largo lodo had been uncovered for a dopthof 30 feet, and ho could soo no sign of a wall yet. There were excellent prospects all through it, and ho was under tho impression that it was much wider yet, but tho richest portion was about thrco feet wide. This lode had now shown itself for a length of about 430 fcot, and had been tested all tho way with good results. Tho drive was discontinued for tho present, and had not yet reached tho shaft lode. Mr Sully, in answer <to questions from shareholders present, gave somo further explanation of tho reefs and workings, and tho rich prospects found,

A voto of thanks to tho Chairman terminated tho proceedings, OTOBT CLAIM, TAIEUA, A meeting of shareholders in tho Effort claim, Tairua, was held on Thursday evoning. Mr Duncan Macnab in tho chair. It was agreed to form a company under " Tho Mining Company's Act, 1872," with b capital of £10,200, in 10,200 shares of £1 each, nil paid up. Mr Jas. Macky was appointed legal manager, and tho following gentlemon provisional directors Messrs Macnab, Geadleigh, Muskitt, Honiss, and Wilson. A preliminary cull of 20s per original share was mado payable to the logal manager on or beforo_ the 23rd inst;nt. The Effort claim is situated north and by oast of tho Band of Hope' claim, and a most excellent prospect has been obtained from tho stono.