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A MINING COMPANY

LIQUIDATION PROPOSED By Telegraph—Press Association DUNEDIN, March 11. An extraordinary general meeting of the Bell-Kilgour Gold Mining Co., Ltd., will be held on April 2 to consider the position of the company and, if thought fit, to pass the following as a special resolution: “That the company be wound up voluntarily, and that T. H. Thompson and Sons, public accountants, be appointed liquidators for the purpose of such winding up.’ In a report to shareholders the directors state: “As shareholders are aware, operations on the Bell-Kilgour section of the claim ceased in November last after results had proved that the gold-bearing areas were exhausted. Since November the manager has concentrated on the Murray section of the claim, which now appears to have been worked out by old miners. The directors have come to the conclusion that the claim cannot be economically worked, and now submit to shareholders the future of the company. It is with regret that, the directors have to propose liquidation after the results have been so disappointing. It is estimated that on realisation a return of approximately one halfpenny a share will be made.”

Permanent link to this item

https://paperspast.natlib.govt.nz/newspapers/THD19350312.2.38

Bibliographic details

Timaru Herald, Volume CXXXIX, Issue 20055, 12 March 1935, Page 6

Word Count
190

A MINING COMPANY Timaru Herald, Volume CXXXIX, Issue 20055, 12 March 1935, Page 6

A MINING COMPANY Timaru Herald, Volume CXXXIX, Issue 20055, 12 March 1935, Page 6

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