THE Waihi Daily Telegraph WITH WHICH IS INCORPORATED THE WAIHI MINER SATURDAY, AUGUST 20, 1904

Waihi Daily Telegraph, Volume IV, Issue 1072, 20 August 1904, Page 2

THE Waihi Daily Telegraph WITH WHICH IS INCORPORATED THE WAIHI MINER

SATURDAY, AUGUST 20, 1904

Heri ilull thi Trill thi r«opl«'i Bight maintain ÜBMtd by inlumoe and unbribod bj gain j H«r» pitriot Truth h«r glorwui preaopts Aim Flediod to Baliiion Uititj, aud Law

IT is a fortnight or more since assays were made and the results published of parcels of quartz taken from the Waihi Extended mine, It will be remembered that the parcels represented portions of the reef commencing at tho bang, ingwall and ending four or five feet from the footwall, or as far as the reef had then beon penetrated. It was clear from the assays that the quartz increased in value as it neared the footwall, which led to the opinion that the results would be still more satisfactory as the penetration went on. We understand that when the footwall was reached parcels of tho remaining portions of reef were sent to Auckland, presumably for assay, tho same as the parcels already noted. That was ten days ago, and since then nothing has been heard of tho quart/, or the assay. It was reported that the result would be known last Friday week; then, that the publio would know it on the Saturday, and so on and so on, but at tho hour of writing there is still no appear, ance of the lookod-for result It is not surprising that tho delay has given rise to comment not only by shareholders, but also by the public generally. It is possible that no quartz was taken away at all. It is also a possibility that if talent away it was not intendod for assay, or that if the assny was made only tho directors wore to know the result. If there has not been an assay wo suggest that one should be made and tho result furnished to all interested, who have- a right to know, If, on the other hand, the assay has been made, an J. the result is kept in camora, we venture to aay that the

directors aro keeping to themselves information they should be only too willing to impart to holders of sharos. As matters are now, we can only say that the comment on the delay in supplying information that ought to be suppliod as early as possible is not as complimentary as the directors would like to hear. By imparting the information there would be no possibility of the directors sacrificing any of the confidence they have hitherto possessed; but if they intend keeping it back—assuming, of course, they possess it—we are afraid that their action will not be approved by the shareholders. We believe that the directors ate men of sterling coinmorcial probity, and that whatevtr they do is prompted by the purest of motives. But at the same time there are people who are always arriving at hasty and wrong opinions. It is to check theso opinions tha we again auggest that an assay be made if it lias not been made already, and the result made public.