CEDAR CREEK REEFS.

New Zealand Tablet, Volume XII, Issue 29, 7 November 1884, Page 31

CEDAR CREEK REEFS.

(From our own correspondent.)

Boss, October 27. " William Tell."— -The value of this property is proved beyond a doubt. At the request of Mr. R. J. Sectdon, M.H.R., the manager seat about a half hundred weight of quartz to Wellington, which was crushed and analysed under the supervision of the Mines Department. It was taken promiscuously from a shot in the winze at a depth of 25ft., as the directors wished that a fair average sample only should be seat — not picked specimens, — and by that means|the public would be better able to form an estimate of the general body of the lode. The following is a condensed copy of the report of Dr. Hector on the analysis :— " The quartz is white and tends to be crystalline in places. It is marked with patches of iron oxides especially in' the casing, and as it *is in these rusty portions that the visible gold occurs, a double analysis was made. Ist. Rusty quart* forming about one-tenth of the bulk of the sample, yielded at the rate of 18oz. 4dwts. Ogrs to the ton. 2nd. The result of the crushing of 41 Jibs being the bulk of the sample from which, the above specimens were taken, was at the rate of 4oz. 13dwt. 15grs to the ton. Quality of gold, 24 carats." Inspector Gordon, of the Mines Department, also reported, as the crushing took place under his direction at Messrs. Mills' foundry, and gave the same yield. The payable quality of the stone may be considered as fairly established, and the hope may be reasonably entertained that the district is destined in the near future to become a most important one, and a safe field for the investment of capital. Even at the present time, considering the ridiculously low prices of shares, an investor would be certain to realise from 200 to 300 per ceut before many months. From' the many scandalous transactions that have taken place within the last tow years on certain reefing fields, it is not surprising that capitalists are cautious in investing iv reefs. But the people of Boss, who are all more or less directly interested in tueir success are determined to put their shoulders to the wheel and to do their best with their limited means to develop the wealth that lies at their doors. Mr. P. Moran has been the successful tenderer, at £2 16s per foot, for sinking the winze another fiEty feet, and is down already about ten feet, the reef widening and showing gold freely as he goes down. Shares, 3s 6a. '' Swiss Republic." — A meeting will take place next week, after which tenders will be called for talcing out ihirty or forty tons of stone, for a trial crushing. Shares, 3s. 41 All Nations." — Have finished contract for tunnel and crossed the William Tell and Swiss Republic reefs. They propose inviting tenders for sinking on the Swiss Republic reef, which the/ crossed in the tunpel. Shares, Is 6d. The "Just in. Time " and " Welcome " tunnel party are pushing on vigorously with this contract. Ooai-les Parkidon, the contractor, is at present an inmate of the Totara Hospital, suffering from injuries to his collar bone by the falling ot a tree. " Shebnar "" — A contract has been let for a tunnel and the party bave already set iv to work. 41 Band ot Hope." — An excited individual ran through the town one day last week aud withdrew all shares from the market. From inquiries made since, the cause of the excitement arose from the discovery of a reef iv the claim by the man prospecting, I have not *yet any reliable information as to size or quality. Mr. Murray, the surveyor* has been busy for the last threes weeks surveying leases, a plan of which I will forward you as soon as published. ALLUVIAL COMPANIES. " RO3S United." — The repairs to the turbine are completed, and the whole machinery, pumping apparatus, elevator and turbine, are in perfect working order. '• Prince of Wales."— This claim sued a shareholder in the Resident Magistrate's Court, Hokitika, last Monday, before Messrs. Fowler and Reid, and the Manager, Mr. Joshua Gibson, who is a J.P., and considered one of the smartest managers in Westland, stated in his evidence that he considered a shareholder or director who had a draft sent to him through the Bank for a call had paid it 1 ! ! And iv answer to thu defendant, he could not tell the amount of the liabilities of the Company, nor could he give a rough approximation of them. ' 4> Mont Dor." — A fine young man, a native of Lombardy, Italy, wps killed on this claim by the face falling on him last Sunday week, while woiking.

A very eloquent sermon was preached at High Mass yesterday by the Rev. Father Ahearn on the disecratiouof tbe Sabbatb, which, unfortunately, is only too prevalent in this neighbourhood, especially among the large alluvial claims, the " bosses " of which are, generally speaking, either indifferent in matters of religion or zealous atheists.