SHAREHOLDERS’ MEETINGS.

New Zealand Graphic, Volume XIX, Issue XIX, 30 October 1897, Page 588

SHAREHOLDERS’ MEETINGS.

During the past week the following meetings of shareholders in mining companies were convened :— Kaiiai Vermont. — A meeting of local shareholders in the aliove Company was held in the Chamber of Mines. Mr N. A. Nathan presided, and explained that the meeting was called in reference to the liquidator being enqiowered to receive £ 1,900 as interest in connection with the sale of the property. He moved “ that the liquidator of the Conqiany lie and is hereby authorised to accept payment from the mortgagees of the second instalment of interest due on November Ist. This was seconded by Mr S. T. George. Mr J. Russell said the Committee hail decided that it was the most desirable thing to ratify the sale. Litigation to upset the sale would be a very costly affair, and meant calls. The position was difficult. It would involve a commission of some kind to take evidence, and if they did upset the sale they would have to repay all the money expended by the purchasersand that meant from £B,OOO to £lO,OOO. It was one of the conditions in assenting to liquidation that the claim for commission should lie submitted to arbitration. He thought it was in the interest of the shareholders that they should ratify the sale under the circumstances. The motion was agreed to. Royal Shield. —A meeting of shareholders was held at the Company’s office. Mr C. C. McMillan, the Chairman, moved, “That the Company lie wound up.” This was agreed to. Mr E. J. White was appointed liquidator. Rocky River Sluicing.—At an extraordinary meeting of shareholders this week a resolution was adopted that 5,000 of the unallotted shares lie offered first to shareholders at Is 6d each, and any [lialance to the public. Flemington. — The half-yearly meeting of shareholders lapsed for want of a quorum. The directors’ re|iort stated that assays from the 60 feet reef discovered on this property yielded from 10s 9d to £3 0s 8d per ton. The statement of accounts showed total receipts £753 6s BAd, of which £5lB 16s 6d was expended in wages, and £4l 8s 7d on mine requisites. The credit lialance was £l5 14s OAd-