WAITEKAURI.

New Zealand Graphic, Volume XV, Issue XIX, 9 November 1895, Page 588

WAITEKAURI.

WAITEKAUPvI NO. 4. PROPOSED AMALGAMATION. At an extraordinary general meeting of shareholders in this Company held last Wednesday,the Chairman, Mr Alfred Kidd, explained that it was proposed to amalgamate the Waitekauri No. 4 with the Waitekauri No. 5 and 6 and Globe, which would increase the area to 103 acre®, as these properties, together wi'h Skeen’s and battery site ami water right, would make the combined property very valuable. Mr Kidd further stated that the properties had been placed under oiler to a well-known and influential gentleman in London. The proposed capital of the Company would be £30,000, and he had no doubt that from the reports sent to London the property would be successfully floated in a short time. A resolution wa® adopted, ‘ That the directors be empowered to dispose ot tho mine on the terms named, or to such modification of same as will not materially alter the existing proposal.’ PROSPECTING ASSOCIATION. At a meeting of the promoters of the Prospecting and Flotation Association he'd

on Wednesday in Messrs Morris and Edwards’ office, a company was formed under the Companies Act, 1882. with a capital of £2,000 in *2OO shares of £lO pay* able in cal’s of £1 per month Mr G. C. VV. Morris wa-* appointed secretary. The following directors were elected :—Messrs Graves Aickin. A. D. Douglas, James Heron, John Chambers, G. E Aiderton, Thomas Huddle and Edwin Edwards. It was resolved that no fees be paid to the directors. The Company start active operations immediately at Coromandel, Kuaotunu and Ohinemuri. Advisory committees have been appointed in the various goldfield centres, to select prospectors and supervise operations. HUANUI OCEANIA. There seems little difficulty in disposing of this excellently situated Wnitekauri property, as a definite offer to purchase was received by cable this week from Mr F. A. White, actintf on behalf of London capitalists. As the property was already in the hands of Mr Douglas, in Auckland, and Mr Smellie, in London, on terms already agreed upon, the second offei cannot be entertained until those gentlemen have either accepted or rejected it. ALPHA. The directors of this company, at a meet* ing held on Monday, agreed to the proposal received by cable from London that the £30.000 working capital should be remitted in monthly installments of £7,500, subject to the condition that a substantial sum be sent at once to commence vigorous work on the ground. THE ZION. Thelist for sharesin the Zion Licensed Holding Company was opened on Monday morning an the offices of Mr G. A. Buttle, Insurance Buildings, and Mr Wm. Elliot, Bank of New Zealand Buildings. Before eleven o’clock ail the shares were taken up, and numbers were applied for which could not be given. A meeting to form a company is c died for Thursday at 2.30 p.m. ALPHA. A meeting of the local directors in this company was held on Monday at Mr H. Gilfillan’s office to consider a cablegram received from London asking consent to forward the £30,000 working capital, in four monthly instalments of £7.500 each. The directors decided to reply agreeing tn the proposal on the understanding that the expenses incurred since the sale of the property be paid by the new company, and also that a substantial sum be forwarded at once in order to commence vigorously working the mine.