KUAOTUNU.

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

KUAOTUNU.

THE XVHAU-XVHAU RUSH. Considerable interest is taken in the rumoured opening of the XVhau XX han or or Kuaotunu No 3, which is situated about three miles on the Mercury Bay side of Kuaotunu Horsemen from Coromandel, Mercury Bay, and elsewhere have arrived on the ground and are pegging out. INVICTA. A meeting of shareholders was held this week to consider the proposed amalgamation with adjoining companies The scheme was to form a company with 170,000 shares to be allotted as follows :—lnvicta, 75.000; Phoenix, 50,000; Ascot, 10.000; Great Western, 5,000; the remaining 30,000 to be sold to the public at Is each, which would raise capital to work the combined mines. It was decided that the directors and manager be, and they are here authorised and empowered to ainalgama e the holding, claim and property of the Company with adjacent holding or holding* upon such terms and conditions as the said directors and manager shall consider expedient. OTA MA. A movement is on foot to wind up the Oiama G.M. Company, Kuaotunu. which was formed under the limited liability system, and re form it under the no liability section of the Act and call it the Juno. It is not improbable that the area of the property will be increased by taking in an adjacent mine.