HASTINGS (TAPU CREEK).

Thames Advertiser, Volume VIII, Issue 2132, 27 August 1875, Page 3

HASTINGS (TAPU CREEK).

(FBOJI OUB OWN COBBEBPONDENT,) ' August 2'i, Yesterday afternoon I went up with ono of tho oia Full Moon shareholders to havo a look at d mullocky leader which has been cut iu tho Bullion, It is about three feet thick, with tho htinging-wall' well defined, but tho foot-wall not vory distinct. No gold has been'seen in it.as yet, and meantime tho.mon are uncertain whother itis the mullocky leader that cuts off the run of gold, or another of a similar formation. In short, they aro simply groping in the dark for want of an accurato survey. There is no appearance of water, and judging from the soft nature of the'ground, I fancy that they must be some distance beyond tho shaft. Excitement- with somo. shareholders is at fever heat, but in order to restore them to a healthy state of expectation, let me adviso them to chew the cud of reflection over tho following statement of crushing from ground now included in tho Bullion: —Argyle, 261 tons for 1450zs Bdwts 18grs retorted gold; Hard Cash, 206 tons for 116ozs 4dwts ditto; Havilah, 1530 tons for 63(tozs sdwts 18grs ditto; Half Moon,' 219 tons for 73ozs ditto; Full Moon, 671 tons for 3220zs lOdwts ditto. One 'consolation for the shareholders is, that tho last crushing of 9 tons realised ,9ozs 18dwta 18grs of melted gold at 63s per ounce; and where the men are groping at present must be in that immediate locality. Ido not write this for the purpose of discouraging shareholders, but simply to induce moderate expectations; and 1 am sure" that if Solomon had lived as long in Tapu as I have, he would have exclaimed " Blessed' are thoy who expect nothing, for they shall not bo disappointed I' 'J here must be a sorew loose with our local manufacturers of saw-dust, as Buckland's people and the Bullion have had to import boards and rails from Grahamstown, which is something like taking coals to Newcastle. " Humpage " alone from tho jetty to the Bullion must havo .cost at least 15s or 20s per hundred feet, and there is plenty of kauri growing in tho immediate neighbourhood. Last week, a number of men were employed in putting up new telegraph poles between tho Puru and Waiomu. 1 This timo they are safe from tho bumping 1 of logs at high water, which was not the case heretofore.

I observe that Mr Stephens has applied for a license of the "Bullion Hotel;" therefore it is likely that in a few weeks weary travellers will be able to get themselves refreshed with " Bullion flip." There is a very amusing article in the Glasgow Mall, headed " Another South Sea Bubble." It begins thus"That clever son of Israel, Mr Julius Yogel, who is atprcsent the powerful Premier of New Zealand, is a man of a speculative" and daring temper. He is certainly of a venturesome mood, a keen financier, and fond of big schemes. But the busy, restless brain of the New Zealand Premier has evolved another scheme (Polynesian) which must bo watched with tho utmost Carefulness." The' nrticlo concludes as follows:—"So unpromising does the proposal appear, that it is wickedly said by some of the colonists to have the blessing of the Archbishop of Canterbury. Should the Now Zealand Government take up this matter, Mr Charles Fellows may live to see his worst prognostications fulfilled." .