THAMES.

New Zealand Graphic, Volume XV, Issue XXI, 23 November 1895, Page 653

THAMES.

NEW WHAU. At a meeting of shareholders this week it was resolved, on the motion ot the Hon. W. McCullough, * That the capital of the Company be increased to £15,000 by the creation of 50,000 new shares at 3s each, upon which said shares the sum of 2d per share should be taken and deemed to be paid up.’ This was done in order to ac quire the Middle Star mine, the area being 37 acres. A formal resolution was then passed empowering the directors to acquire the property. NEW ALBURNIA. Shares in this company, which a fortnight ago sold at 7s 3d, fell to 5a last Wednesday. There was a sudden advance of 6s later in the day when it became known that the directors had been called together to consider an offer received bv cable from London for the property. The diiectors later in the day replied, offering to sell on the following terms :—Capital of new company, £200.000; working capital, £25.000; cash to be paid to shareholders, £15,000; present New Alburnia share holders to rank share for share in the new company, and £l,OOO deposit to be paid immediately. From the character of the offer made, it is thought to be almost certain that a sale will be effected on these lines. VICTORIA. The directors of this Company are determined to thoroughly develop the new reef cut in the Prince Imperial section of the mine. This week seventeen allotments were purchased from natives by the Company for the purpose of erecting winding machinery on the Prince Imperial shaft to work the recently discovered reef in that part of the ground.