WAIHI.

New Zealand Graphic, Volume XV, Issue XXI, 23 November 1895, Page 654

WAIHI.

STAR OF WAIHI. Negotiation. for the eale of this properly ae a prospecting venture in London are proceeding eatirfaclorily. Mr A. D. Doug- '» vj received the following cable this week I~‘ % Mr J. B. Smellie, the agent in London : —• ' Ahrtn cables, and clearly understand I atn to . the whole 164 acres for £l.OOO cadi, and £lB,OOO shares in a company of £75,000, and the agreement is now being drafted for signature, and now only legal documents are wanted to complete.’ This property adjoins the Waihi Proprietary mine, which has already been taken over by a London company. A meeting of shareholders in the above Company was held on Thursday afternoon in the Chamber of Commerce, when it was decided to authorise the directors to dispose of the property upon the terms previously submitted. WAIHI DREDGING COMPANY. A company has been formed for the purpose of dredging the Ohinetniiri River, in order to recover the large quantities of gold that are known to have been lost prior to the introduction of the cyanide process at Waihi. A meeting of subscribers was held this week, at which it was agreed to form the Waihi Dredging Company (no liability) with a capital of £5,000 in 100,000 shates of Is each paid up. The following were appointed to the directorate Messrs A. Cairns, J. Chambers, L. Moritzson, G. Kronfeldt, F. Edwards, J. Nutsey, and James Macky. Mr J. Barber was appointed legal manager at a salary without transfer fees, Mr Baums was appointed solicitor, the National Bank of New Zealand the bankers, and Mr Tilman the auditor of the company.

WAIHI SILVERTON. Shares in this minejzradually declined in p -Ice until last Saturday when they sold as low as 395. On Monday, however, a rise of 10s to >k place when it became known that in driving the main crosscut from the shaft the manager cut a new reef 4 feet wide which gave an assay value per ton of £4 10s.