REMARKABLE MINING SCHEME.

West Coast Times, Issue 3748, 11 April 1881, Page 2

REMARKABLE MINING SCHEME.

Tbe prospectus of a remarkable mining scheme appears in the London Standard, received by the San Francisco mail. It is called the Haven Goldraining Company (Limited), Thames Goldfield, New Zealand; capital, £100,000, in £1 shares. The properties comprised in the enterprise to be floated are the Imperial Crown, Tookey, Caledonian, and Golden Crown mines, and a vacant piece forming a corner, the proprietors of which in Auckland' are astonished to find their properties thus dealt with. The Imperial Crown is now partly in the Southern Cross Company and partly in the Waiotahi. The old Tookey mine is now in the Southern. Cross

Company, and the Caledonian and Golden Crown are now in the Golden Crown. All of these mines are now being vigorously worked by Auckland and Thames shareholders* The prospectus states that E. Rice, late J.P. of New Zealand, and resident mine proprietor at Thames goldfield, reports that the Haven property will prove one of tbe richest in the district, as embracing all tbe famous reefs of the field. Professor W, Vazle Simons, the eminent geologist and miner, late chief magistrate at Sandhurst, Bendigo, Victoria, in his report on the property, says:— "The estate presents a field of mining enterprise which is rarely suffered to escapefrom the hands of the. immediate discoverers." He will join tbe Board as managing director on his return from India, but has left instructions for procuring machinery to commence operations. It is stated that application will be made in due course to the London Sock Exchange for an official quotation. The chairman of the comj pany is given as "T. Eyre Fookes, chairman of the Frontico and Bolivia (South America) Goldmining Company (Limited), and of the Agra Bank (Limited)." The consideration for the property is to be £50,003, of which the vendor takes £1000 in fully paid-up shares. By the mail Mr J. Stodart, of Auckland, received a letter from a gentleman ia London stating that tbe ground of the above companies was being put in the London market by a joint stock company, and desiring to know whether it was advisable to take shares. Mr Stodart was completely astonished at the intelligence, as no such ground is available for such a purpose, the title being vested in persons resident in Auckland. According to tbe prospectors' agreement in relation to the property, it is all made over to Henry Elliott and John Pelham Hance respectively, and the latter and W< R. May act as trustees of the company. A map accompanies the prospectus showing gold-bearing leaders running at regular intervals in straight line?, from the beach inland.