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THIS WEEK'S RETURNS.

The Point dOr Company oommeooed dredging on Thursday , Oar Danedin correspondent wired last evening that the Molyneux River was 6ft 3in above " normal." , v ThvGabrlils dredge obtained the very payable return of 81oi for this week's work, and the prospeots arc good. - - Mr AN. Wakefleld, who has ooeapied the position of manager of the Lawrenoe dredge for some yean, has been appointed to a similar position on the Happy Valley dredg?, rieeMr John Donaldson, who' leaves to take charge of the Waitahaoa Golly dredge for the new company. ' •■ Tha Gunton's Beach Company Ib in finan- ' eial straits bwing to tbe non-payment of oalls. A general meeting of the shareholders was held in Danedin on Tharsdgy evening to consider the position. Roughly, there is £2200 arrears which one shareholdor estimated would not realise more than £200 £2,300 is due on the machinery and £500 on the pontoons, having a dafieienoy (provided all the calls outstanding are good) of aboat '-- £400. After a lengthy discussion a commit- ~ tee consisting of Messrs Boott, Campbell, -Lee, Findlay, and Whetter, were appointed to confer with the directors as to tbe future operations of the Company.

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Permanent link to this item

https://paperspast.natlib.govt.nz/newspapers/TT19020118.2.8.2

Bibliographic details

Tuapeka Times, Volume XXXV, Issue XXXV, 18 January 1902, Page 3

Word Count
226

THIS WEEK'S RETURNS. Tuapeka Times, Volume XXXV, Issue XXXV, 18 January 1902, Page 3

THIS WEEK'S RETURNS. Tuapeka Times, Volume XXXV, Issue XXXV, 18 January 1902, Page 3

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