COROMANDEL

New Zealand Graphic, Volume XV, Issue XVI, 19 October 1895, Page 492

COROMANDEL

BRITANNIA. PRACTICALLY SOLD IN LONDON. A cablegram was received this week from Lindon at the Company’s office, stating that immediately on receipt ot the power of attorney the Britannia Company will bo accepted on the terms submitted. Mr J. H. Harrison states that the terms sent Home were that an English Company of ICO,OOO shares was to provide £250111* working capital, and also a refund of £1,500 to the shareholders in the Britannia, to whom will also be allotted 23,000 paid-up shares. BUNKER’S HILL. Shares in thia company advanced rapidly

during the latter end of the week from tid to 12a. but eased off again to 9s 6d. The rise was in consequence of a gold bearing leader having been ent in the drive. Some of the stone taken from the leader was sent to town and attracted quite a crowd around the doorway of Mr J. H. Harrison’s office on Friday. The stone show go’d in bands right through it. Our Coromandel correspondent writes :— * The leader cut in Bunker's Hill is from six to eight inches wide. A small quantity of stone taken out is very rich. Future developments are eagerly expected. AITKEN’S FREEHOLD. Aitken's freehold, Coromandel, was rushed, numerous applications being made for holding, as it is claimed to be on a similar footing to the Kaiaka, and good gold has been got on it before. RANGATIRA. Assays have been made of reefs found in the Rangatira mine (Kennedy’s Bay) with the following result: —Assay made by the Bank of New Zealand of No 1 reef: Gold, 2oz 15dwt 12gr per ton at £4 per oz, £ll 2s ; silver, 4oz. lOiwt. at 2s 9d ; total £ll Ils. Assay made of No. 3 reef by Mr Galbraith : Gold, loz 9dwt 9gr, £5 17s 6d ; silver, 16dwts Bgr, Is 7d ; total, £5 19s Id. KARAKA BLOCK. For some time past hungry eyes have been cast on a block of ground 780 acres in extent, belonging to the Maoris, and lying right in the line of the gold-bearing range round Coromandel. On Thursday afternoon the ground was declared open, and it is stated that it has been open since 1861. The map of the district shows that it lies within the goldtield area. Men have been living on the ground to be early with their applications, others having been putting in applications at steady intervals for months past, and have been refused. When the ground was found to be open there was a steady rush for it, and over 2,000 acres were applied for One man had stayed persistently in the office all day, and at last managed to get in first. The country has not been very thoroughly prospected, but it is in a very good line. CONQUERING HERO. This holding was formed into a noliability company with a capital of £B.OOO, in 80,000 shares of 2- each, of which 60,000 shares are to be allotted, and 20,000 held in trust for the company. Mr William Gray was appointed manager, and the following were elected directors:—Messers H. C. Choyce, R. H. Abbott, J. Walding, jun., J. Coe and F. Kneebone ; auditor, Mr J. T. Stevenson ; bankers, the Bank of New Zealand; and solicitor, Mr M. Neumegen. KATIE LICENSED HOLDING. A meeting of the shareholders of the above licensed holding, situated at Coromandel, was held this week, when it was decided to form a company to be called the Katie Goldmining Company (no-liability), with a capital of £12,500, made up of 100,000 shares at 2s 6d each, 6d paid up. Messrs W. S Wilson, VV, R. Vines, F. E. Baume, A. Wright and J. McCormick were appointed directors, Mr H. Goulstone auditor, Mr Wm. T. J. Bell manager, the National Bank bankers, and Messrs Devore and Cooper solicitors. NEW TOKATEA. Full particulars have been sent Home in regard to the sale of this property on terms which may be considered favourable both to the vendors and to the probable purchasers, as this property is one which, under proper development, may’ reveal something very good.