KARANGAHAKE.

New Zealand Graphic, Volume XV, Issue XVI, 19 October 1895, Page 493

KARANGAHAKE.

WOODSTOCK UNITED. In accordance with instructions received by the mail from London this week, tho final details with respect to the transfer of the Woodstock property, Karangahake, to the Home purchasers will be completed at this end As this involves finding a working capital of £40.000, the new company will at once proceed to develop this mine. CROWN MINES. The assay value of the bullion recovered from 442 tons crushed and treated during the last month, by the New Zealand Crown Mines Company, limited, was £2,130. The output of gold from this mine should be much larger in tho course of the next few months, ns the local directors, by instructions from the Glasgow Board, have during the past week called for tenders with the object of erecting two drying furnaces, twenty head of stamps, and nine circular percolation vats for the cyanide process. GOLDEN GIANT G.M. COMPANY. A meeting of subscribers for shares in Golden Giant special claim, Karangahake, was held on Friday afternoon, when it was agreed to form a company under the style of the Golden Giant Goldmining Company,

under the no liability section of the Act, with a capital of £7,500, divided into 75,000 shares of 2* each, nil paid up. The following were elected director* : — Messrs R Walker, A. E Devore, T. J. Steele. R. O Young, A L. Edwards, Mr W. H. Churton was elected manager, Mr A. E. Whitaker solicitor. Mr E Waymouth auditor, and the National Bank of New Zealand bankers to the company. VICTOR GOLDMINING COMPANY. SALE NEGOTIATIONS COMPLETED. THE MONEY REMITTED. A cablegram was received this week by Mr H. Gilfillan from London as follows :— • Money remitted and instructions sent to commence work to Messrs Seaver Bros , Paeroa, who are engaged as engineers and representatives of the Victor U aihou Company in New Zealand.