A meeting of the Directors of the above Company was held in the Council Cham bers on Monday afternoon. There were present — Messrs E. Herbert (President), M'Kinlay, Harrop, Tolcher, Browner A. M'lntosh, and R. Filling (Secretary^ . The minutes of last meeting were read and confirmed. ; > The' Works Committee's report was, on .the motion of Mr Harrop, seconded by Mr Milntosh, received. The report was as f ollpvttij-— ' *CBe Wording Directors hare to report that sinee Jast meeting, they hare had one or two like].j. places on the,\Wetherßtqne» f side of ; Clark's Hill tried .for a reef, binding no ' atone, they decided to abandon thase^spots , and commenced a tunnel through the saddle, I over Which is this road leading from Wether stones to Gabriels Gaily in the immediate vicinity of Mr Saml. Lloyd's residence. Your Directors visited the ground, and indicated to the men the direction in which they were to jTive JU _^uclaim.wjsJ,hfln marked out-and-the ground opened for a tunnel. It was found that the reef consisted of a soft blue elate, somewhat similar to that in which the Gabriels .quartz reef was discovered, with a number of <jjmall quartz veins running mostly to the westward. The nature of the ground re fluuyd^that it .should* be timbered, as the w Q]dinot'BtandksWe visited the mine on the 20th September, and found that 18ft b*d Kien ! driven/ a tramway laid and a place for a forge excavated. On the 4lh October, ; w^gaialTMitecEtHe/grbund and fouud 60ft fc«4 t/eenrrenctwa" >wttb, no apparent change in-.tbevrpck. aiJbe -pen are working tvrb •biftirandajtpear^toi be doing good world Y | p^£.X>irectors were in hopes that the ground ' would hare changed into a harder rock, when they wouldlhtivS'boen prepared to recommend Jh*fctheiwc*koMhouldvbe let by contract, but under the present circumstances we do not think it advisable to snggest any alteration. The total cost up to the 4th October is about 12s per foot, which appears to be very reason able. Accounts are submitted for four weeks, wages for two men ; also for timber and fuse to date.
