MINING COMPANY MEETINGS.

Thames Star, Volume VII, Issue 2061, 12 August 1875, Page 2

MINING COMPANY MEETINGS.

Golden Ahbow (Taibua.)~

An extraordinary meeting of shareholders was held at the Pacific Hotel last evening. Mr Turtle in the chair. The following gentlemen were elected direc- • tors—Messrs Barty, Turtle, A. Rowe, Cook and Bowden. All the director*, to retire annually, and tp hold not jesip^ than 100 shares to render them eligible p for re-election. Rules Were passed for regulation of the company. The following report from Mr Batty, mine manager was read : —" Gentlemen.r^C beg to submit to you the following repjn of progress in the T above mine. Since my appointment as manager to the above mine, my first commencement of operations was to build a hut for myself and men. Having completed this I commenced prospecting on the south end of your mine, on the course where the prospectors' No. 2 reef was . supposed to be running, and in a few days the cap of a large reef was met with* which proved, to be gold-bearing, but as ihe Eldorado was obtaining good prospects within 50 feet of the Golden Arrow north boundary, I therefore thought it adviaftM* - that work should be commenced on that portion of the mine. When clearing away some of the timber and surface, I met with a large body of quartz, which I supposed to be the Eldorado reef. I therefore thought it advisable that a tunnel should be commenced, to prove the value of the reef at a deeper level. I cleared.away a face to commence the tunnel. 50 feet from the north boundary and 80 feet from the eastern boundary. T^e course of the tunnel is east and west r . as the bearings of the reef appear to be north and south. The tunnel is in now. - 15 feet through very difficult country, but in the face at present there appears to be coming in better country, similar to. 1 what the Eldorado had before they inter* sected the reef. I may mention that this present tunnel will give from 50 to 60 feet of backs, and 1 expect there is 20 - or 30 feet of driving yet to be done before the reef is met with." " ■

Stai ofthb South (Tairua).; ■ ■•".-•■

A meeting of shareholders was held:; at the office of Mr Chapman la^tejening, y Mr Brodie in the chair. Resolved—that - the property held be formed in the' Star of the South Company, ."under ?the "Mining Companies Limited Liability Act," with a capital of £16,000, in £1 '■" shares, nil paid up. Messrs A.I Brodie, W. C. Wilson, T. H. Crawford, W. Rowe, and T. . Rawdon; elected ... pro* visional directors,' M? Chapman legpfc manager, who received instructions to take necessary steps for the incorporation of the Company, tod to call an extraordinary meeting as toon as possible for the purpose of adoptiajf^ules, confirming, or otherwise, the directory, »nd any other necessary business connected;''"' with establishing the Company^ ■JMCr^J^-': Wright appointed auditor, tho Baak^*-' ol New Zealand to be the banker, and *' Mr James Logan to be mine manager* A preliminary call of £2 per twentieth share was made -payable on or T)efore the 18th instant to cover the expenses of, forming the company and other neces?' '- saries. The. Star of the South ground . was pegged out some' time ago. There are several large reefs in the ground, and , - as soon as the preliminaries' are -com'--' pleted, work will be commenced -without delay. The license was granted to-day to Mr J. A. Chapman. ...