WAIHI.

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

WAIHI.

XVAIHI CONSOLS. All the papers and terms for the sale of the Waihi Consols mine have been forwarded to London. A bore was put down on the site of the proposed shaft, and sandstone was struck at a depth of 67 teet. which may be considered as a satisfactory indication for the future. This property counts of 200 acres adjoining the VVaihi Special and Grand Junction Companies. MATAURA GM. COMPANY. A meeting of subscribers in the Mataura licensed holding was held this week, when it was agreed to form a company to be called the Mataura Goldmining Company (no liability) with a capital of £15,000 divided into 100,000 shares of 3s each. The following gentlemen were elected directors : —Messrs Von Stunner, XV. Gorrie, M. Niccol, J. Thornes, and J Abbott. Mr XV. H. Churton was appointed manager, the Bank of New Zealand bankers, Mr A. H. Taylor auditor, and Mr XV. J. Napier solicitor of the Company. FA VON A BRILLIANT. News was received by cable on Friday from London with regard to the Favona and Brilliant holdings at VVaihi. which comprise an area of 200 acres. Mr Woolley cabled a day or two ago for permission to vary the conditions, so as ta grant an increase of capital and to make certain ot her concessions. A reply was sent complying with tho request. The further cable received* on Friday is taken to indicate that the amended conditions have been accepted, and that the Company is Boated. A working capital of £45,000 was for in the terms sent Home. VVAIHI SOUTH. SALE TO LONDON COMPANY’ COMPLETED. For the la.-t few days shares in the VVaihi South Company have been quietly advancing

in price. It wa< known early this morning that tho sale bad been comoleted. At 11.30 o’clock this morning a meeting of directors in the VVaihi South Company was held, and shortly afterwards the following notice was placed on the Exchange The transfer of the company’s property to an English company called tho XX aihi Proprietary G.M. Co. (Limited) has been ellected, and the first remittance of funds has been received by the Colonial Bank. The capital of the new company is £170.000, out of which is to be provided a working capital of £40,000.” The requisite documents were duly signed on Saturday by Mr Hugh Campbell and Mr R. C. Greenwood, on behalf of the company. Shareholders in the VVaihi South Company are to receive 60,000 paid up shares in the new company.