A meeting of the shareholders of the above Company vvas held bhis morning ab bheir office, Insurance Buildings, to consider the offer from the Try Fluke G.M. Com pany to purchase the Kuaobunu mine and properby. There were aboub fifteen share holders presenb. The Chairman (Mr H. M. Shepherd) having read bhe advertise ment calling the meeting, said that the directors of the Kuaobunu had been negotiating with bhe Try Fluke, wibh a view bo an emalgamation of the two Companies. The basis of - the proposed union was that the share holders of the Kuaobunu should have 6,200 shares in a company to be formed of pot less bhan 60,000 shares. The Chairman, bhen read bhe reply which he had received: from the directors of the Try Fluke in answer to the above proposition. /In this, the secrebary stabed thab Jris Com pany could nob accepb the offer .o£ amalgamation made by the Kuaotunu. bub were prepared to buy the entire property, rights and privileges'of the Com pany for bhe sum of ..250. The Chairman said that the offer was certainly nob a very good one, considering bhat an examination of bhe tailings gave, something like l^oz to bhe ton. If ib had nob been jl or bho Kuao tunu mine the Try Fluke tfould be worbh very little. Ab £250. the shareholders, afber paying all liabilities, would reap something like fd a share. Mr Thomas bhougbfc that the Company should be wound up, all the debts paid and tho remainder given to some charitable institution. Mr JlcDonald also thought} that bhey should accept the offer, bad as it was, and divide whab was lefb, after pay menb of liabilities, among ehe shareholders. Finally, after some discussion, ib was moved by Mr McDonald thab bhe mabter be left in bhe hands of the direcbors bo obbain as good berms>as possible with the Try Fluke Com pany. .. : Mr Leydon seconded the motion, and it was unanimously carried. This concluded the business.
