THE NEW ZEALAND ANTIMONY COMPANY.

West Coast Times, Issue 7299, 21 January 1889, Page 4

THE NEW ZEALAND ANTIMONY COMPANY.

It will be remembered that when this company was formed to purohaae the mining property at Endeavor Inlet, it also acquired a gold mine at Jackson's Head. At the first meeting of the share* holders of the Antimony Company 12 months ago, Sir Walter Duller, the chairman, mentioned the fact of this gold mine forming part of the company's property, and said that he should propose that the Antimony Company should not work it themselves, but dispose of it to another company. It wbb at that time impossible to cay whether the gold mine would be a success or not. In the ins terval several shipments of quartz from the mine have been sent to London, and submitted for assay to Messrs Johnson, Matthey, and Co. Some of the assays have turned out very good, and others medium, but the average result has been so satisfactory that Sir Walter Buller has been enabled to dispose of the goldmine for the benefit or the shareholders in the Antimony Company on the most advantageous terms. As the result of his exertions on behalf of his shareholders, a syndicate either baa or will purchase the Jackson's Head goldmine for the sum of £130,000, of which £10,000 will be paid In cash and £120,000 in tally paid-up shares in the company, which the syndicate mean to float with a capital of £250,000 ; of this capital not lesß than £20,000 must be set |apart for working expenses. Probably, however, a larger sum will be devotod to this purpose. The vendor company will also have the right of nominating one shareholder as director in the new company. Most likely this director will be Sir Thomas Brocklebank, Bart., of Liverpool, who holds 5000 shares in the New Zealand Antimony Company, 3000 of which he took up at par, and 2000 he since acquired at a premium of 2s 6d. — London corresx pondent New Zealand Herald.