BRITISH CAPITAL AND AUSTRALIAN MINES.

Waikato Times, Volume XLIII, Issue 3490, 6 November 1894, Page 7

BRITISH CAPITAL AND AUSTRALIAN MINES.

—#— cii uub recent telegraphic news from Lon<jsijf makes it thoroughly apparent that'lheff, K gold reefs of Western Austria have caused?s another outbreak of the gold fever, if ' Great Britain. "The capital of f Hampton Plains Estate Compai Western Australia, £350,000, has be over-subsoribed." "Leading men England look to the gold discoveries Western Australia to revive commerca "The Australian Company's capita £50,000, has been over-subscribed." " Th

owners of the Wealth of Nations mine have accepted the London offer. They . will receive £IOOO as a preliminary deposit, and £SOOO within three woeks*the balance within three months, Thoi^

owners are to have all the gold won until' the final payment i« made." The Bissen^ s berger Gold-mining Company, Australia, with a capital of £75,000, of m which shares to the extent of £30,000 mM to be issued to the public, has 'teenP registered." "The M'Cullook Gold-f mining Company, Coolsardie, with a capital of £90,000, of which shares to the ??* extent of £60,000 are to be issued to tie §? public, has been registered." "Abbot's U Gold-mining Company, Miirchison, $ Western Australia, is issuing £81,500 J \ worth of shares to the public at 2s 6d ■■) premium." « The shares of the Western '( Australian Gold Trust are being allotted." | These telegraphic items being before \ us, we are not astonished by the state- : ment that the Statist and Economist publish articles protesting against the wild promotion of Coolgardie mines. \ There may not be in force the degree of wilderness, but there is still much cause

for the exercise of great caution in purchasing mines. If there is one class of

property more than another which does

not require capital it is the newly opened Australian jrold reef. The British speculator or investor should be informed that gold is saleable in Australia. The miner who finds a reef of great richness can, without the exercise of great business acumen, obtain crushing machinery and advances of capital to meet the necessary wages list. In fact, a gold reef at Coolgardie or elsewhere in Australia as much resembles a large bulk of bullion as anything else we can at present bring from our memory. Such being the case, does it not strike the British investor as strange that people who have these big gold yielded should be so anxious to get rid of them?— Exchange.