OTAGO NOTES.
rFaoii* Our Cobrksvondku _.] DUNEDIN, June 21. The shareholders in the Firsfb 'Chance Gold Dredging Company have decided io voluntarily liquidate, and form a new company, with a capital of seven -thousand pound shares, half to be contributing and half subscribed for. , , , . The United Morven dredge and olaam were sold at aifctioa. to Mr Isaac Stevenson, for A£AA The Jutland Hydraulic Company's dredge at Wavppii formally «foH*sd work yesterday, with scow "tittle ceremony. . Yet another liquidation is announced. As the Orwfitll Creek Gold Company .cannot meet its engagements, it has been decided to wind it up The Chairman informed the shareholders las(t night *hat the directors had been brought to a stop, owing. -to _ want of money. The liabilities of *hft *>wany ™f| £2110, and the- trustees for the debenture-fcoldera had. itakeni charge of the dredge. The dredgemiarfter ol -the Vioiory dredge, in his first report, says that everything ia ing well. The dredge bottomed on Wednesday at a depth of 17ft. The Central Mataura return is 14o_ 15<iWt, and the Dunbaok lOoz l<4dwt.
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Bibliographic details
Star (Christchurch), Issue 7434, 21 June 1902, Page 5
Word Count
175OTAGO NOTES. Star (Christchurch), Issue 7434, 21 June 1902, Page 5
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