COMPANIES MEETINGS.

New Zealand Graphic, Volume XX, Issue XIX, 7 May 1898, Page 574

COMPANIES MEETINGS.

The following meetings of shareholders were convened this week :— KARANGAHAKE. The half-yearly meeting lapsed. The accounts showed receipts £209 18s 2d. The expenditure left a credit balance of £35 2s 6d. SOVEREIGN. The half-yearly meeting lapsed. The statement of accounts showed a balance on March 31st of £65 3s. The mine is under protection, but the directors propose resuming work in July next and further exploiting the projierty. OCCIDENTAL. The annual meeting of shareholders in this company was held at Mr S. C. Macky’s office. The accounts showed receipts £749 10s, and expenditure £734 14s 7d, leaving a credit balance of £l4 6s 3d. Messrs A. Noble and J. J. Macky were elected directors. FLOSSIE. The half-yearly meeting of this Company lapsed. The accounts showed receipts £l9l 17s 3d, of which £ll3 18s 9d was cash from the syndicate, and £77 18s 6<l gold won from the mine. The expenditure showed a credit balance of £26 10s Bd. The expenditure on wages was £l2O 14s. QUEEN OF VVAIHL The half-yearly meeting lapsed. The balance-sheet to 31st March showed receipts £159 16s Id (being the balance from last half-year), and expenditure £93 Is sd, leaving a credit l>alance of £66 14s Bd. The directors’ report stated that negotiations were still proceeding through a reliable agent for raising the necessary capital in Great Britain for developing and working the property. BAY VIEW. The annual meeting lapsed. The directors’ report stated that the mine had lieen let on tribute for the past three months. The tributers’ rejiorts as to results had l>een very satisfactory, and the directors had every confidence in the value of the property. The statement of accounts showed receipts £241 5s Id, and the expenditure left a credit balance of £53 8s sd. JUPITER. The half-yearly meeting of shareholders lapsed. The directors’ report referred to the sale of the mine for 10,000 shares in the Kapai Vermont mine. It stated these shares would be allotted and the liquidation of the company would be finished. The balance sheet showed receipts £566 4s lid (balance in hand and £250 for sale of the property). The expenditure left a credit balance in hand of £313 5s 7d. COROMANDEL FREEHOLD PROPRIETARY. The annual meeting of shareholders in this Company was held to-day at Mr H. Gilfillan’s office, when Mr W. Gorrie presided. The directors’ report referred to the arrangement made for the flotation of the Company on terms giving £5,000 cash, and 5,000 fully paid-up shares in the new Company to lie floated. The statement of accounts showed receipts £S 15s 44, and the expenditure left a cash balance of £3 8s lOd. The report and balance-sheet was adopted. ALPHA. The half-yearly meeting of shareholders took place in Mr H. Gilfillan’s office, when Mr A. Barnes presided. The statement of accounts showed receipts £1,812 8s 2d, including £lB2 17s from reserved shares, £9Bl 8s 3d from calls, and £384 13s lOd from the Bank of New Zealand. The amount spent on wages was £1,002 3s sd, on supplies £64 Is sd, road to battery £2OO, refund on account of reserved shares £lB2 17s, sundry creditors £133 17s, cash in hand £3l 3s 4d. The report and balance sheet were adopted. Messrs A. Barnes P. J. L. Smith were re-elected directors, and Mr W. D. Buttle auditor. Mr D. Clerk stated that the bat ery should be erected by the end of August. WELCOME FIND. The annual meeting of shareholders was held last week in Mr H. Gilfillan’s office. Mr B. Kent presided. The directors’ report stated that the shaft was down 236 feet, and a considerable amount

of development work carried out at the various levels. The manager also forwarded a lengthy report upon the work done during the past year. Mention was made of the fact that 58 tons of quartz had yielded bullion worth £682 19s. The winze started on the southern lode should be down by the time the drive is up to it. The manager considers this a most important work. He anticipates much success from developments in this section. The statement of accounts showed receipts £3,230 2s 9d, of which £272 16s 7d was balance on hand last March ; gold won, £682 19s ; sundries, £7 10s lid ; calls, £2,266 16s 3d. The expenditure left a credit balance of £35 Is 4d. The amount expended on wages was £2,278 Os sd, and supplies £416 13s 6d. The report and balance-sheet were adopted and the retiring directors re-elected. LAPSED MEETINGS. The half-yearly general meetings of the following companies, lapsed for want of the necessary quorum. The balance-sheets show credits as follows : lona, £6O Ils 6d ; Scandinavian, £5B 2s 9d ; Pigmy, £333 18s 4d ; Adelaide, £36 18s lid : Temple Bar, £7O 2s 44d; Aotea, £l4 12s BJd ; Mount Argentum, £4l Os 4d ; Original Great Barrier, £25 3s 2d ; Prospect, £34 10s 2d ; Wynyardton, £33 8s 6d—part of this mine is let on tribute. WEEK'S GOLD RETURNS.

Companies. Tons. Picked Stono. £ s. d. Mahara Royal — 550 0 0 Hauraki 13n 117 lb. 1,277 0 0 Kapanga Tribs. 3 40 lb. 250 0 0 Total .. £2,077 0 0