OUR GOLDFIELDS.

Thames Star, Volume XXVI, Issue 8074, 20 June 1895, Page 2

OUR GOLDFIELDS.

RETREAT QM. Co.

A meeting of shareholders in the Retreat Company, owners of a mine at Marototo, was held in the large room > of the Auckland Exchange Buildings on Tuesday, but the proceedings were not of quite such a cheerful or encouraging character as those of some other meetings held about the same time. Colonel Burton presided) and Mr R. McDonald Scott explained the position of the company and the prospects of the mine. It was agreed, on the motion of the Chairman, seoonded by Mr Dixon, "That the company be wound up voluntarily, and that Mr R. McDonald Scott be appointed liquidator." A cordial vote of thanks was given to the directors for the great care they had shown in preventing wasteful expenditure, and Colonel Burton, in returning thanks, expressed his disappointment with the mine.

NEW MOANATAIRI. It is understood that Mr P. A. White, who left Auckland on Tuesday by the s.s. Manapouri for Sydney en route for the world's metropolis, is empowered to deal with the New Moanatairi and other Thames mining properties on the London market. Mr White is to be a passenger for London by the s.s. Britannia.

NEW ALBURNIA AND WfIAU. It is understood (says the Herald) . that an agreement haa been arrived at/ by the directors of these two companies to offer the joint properties to an English company, and that adjaoeat properties will be included in the area. It is said that the necesiarj plans and documents have already beea forwarded to London recently.

STANLEY (Karangahake). There was a large attendance of the proprietary, or syndicate shareholders, of the Stanley licensed holding at the Auckland Chamber of Commerce on Tuesday evening, when the question of forming a company to work the mine was 4 to be submitted for consideration. Colonel Burton was in the Chair, and in explaining the purpose of the meeting he stated that their object was to set the Stanley on its legs, not as was the case at a meeting which he had just attended to wind up a company. A series of resolutions were then submitted. It was agreed to form a comwith a capital of £6000, in 60,000 shares of 2s each, nnder the no liability clauses of the Act. Eules were submitted and adopted, and the Chairman was authorised to sign them on behalf of the company. The qualification of directors was fixed at 250 shares, a motion'fixing it a t 500 shares being lost on the show of bands. Colonel Burton, Messrs Masefield, Steele, Mennie, Dunnett, and Lediogham wers elected directors. Mr D. GK MacDonnell was elected manager of the company; Messrs Wynyard and Purchas, solicitors; Mr E Her, auditor; and the Bank of New Zealand, bankers. A vote of thanks to the Chairman terminated the proceedings.

1 SOOTH BRITISH (Karangahakb). The South British, an area of 30 acres, adjoining the Earl of Glasgow, wes floated in Auckland on Tuesday in about an hour and a-half by Mr J. F. Clarke. Forty shares at £25 each are offered to the public, aad they were promptly taken up. No doubt imm*< mediate steps will be taken for the formation ot a company to work the mine.