Lists (None yet)

Login to create lists

Tagged (None yet)

Add Tags

Comments (None yet)

Add New Comment

No corrections yet


On Saturday evening a very numerous and respectable meeting was held at the Auction Mart Tavern for the purpose of receiving the report of the Provisional

i Commit'ee, and electing seven directors ! oat of the fif'een nominated, as also So.'i. i cmom and a Secre*ary—Samuel Stocks, 1 jnnr., Esq., in the chair. • The following report was presented to ; the meeting : — I ** to carrying out the instructions of | the Provisional Committee, we hare to ' report Uut on the section 5561, purchased Iby the Association, two lodos have been I discovered new the south boundary; the j (usual indications of copper ore has been j found quite sufficient to justify the Asso ! in a reasonable sum <o J ascertain their relative value. **Ht\«V MtLORBD •*J. C. SLfcHAK*' The hallo was then taken for Directors, wb*m the <*?«!<•« ing geuiietu^a *ere de clared by Messrs Nealos and Bavue (ecru tmeers) duly elected r — Eutaiinel Solomon 96 rotes John Cuiidy Slewsn 90 " Charles Beck 83 •• Samuel Sock., janr. 83 •• AhtermanPeacock 72 " lion Jaob Hageo 61 •« George?ean 55 " The following were the numbers of votes for the unsuccessful candidates:— tleury Mildred 54 votes Wdliam Paxton 53 ** Matthew Smith 39 " Thomas Whistler 21 «< Samuel Payne 20 " Tom Cox Bray 15 *♦ Robert Sanden 9 " Edward Castres Gwynne .. 5 " Messrs Smart and Bayne were uaaui mously elected solicttors to the Associa tion. M the motkm ot Mr M. i>mith t se eondad by Dr Bonce. On the ballot for Secretary (Messrs Moray and White having retired) the re sult was— Henry Avres 65 votes (elected) Fred. Wieksteed 56 " Mr Solomon moved, and Mr Sleman se conded, tint v there was go public sale of mineral lands until the 19th July, the payment of the £4 due upon scrip should be postponed from the 10th Mar to the sth July. \lr Alderman Peacock opposed the j motion, as he considered that many, per. haps moat persons, bad made their ar rangements to meet the call on ihe 10th i May, and would reap no advantage by an j extension of time; on the contrary, he thought they would very likely have more difficulty in making up the money then than on the day frst named. He, there fore, moved as an amendment— ** That the call be paid as originally in- \ tended—oa the I Oth May." ! Mr Stemau explained <h .t as ihe com- 1 ;'&uy b*£ fceon «?i«?^o«i?, r*i *?f«i? ?'■?«? mine near the Kapunda. and there was no ! chance of being suited till July, at the ear- j Best, he saw no reason for the money being placed ia the directors* bands, j Tfeey might be led away by the best of 1 ftehngs to porehas* by private contract. ' ntttoad of waiting for the valuable see- j Horn now in dupnte between the Govern- ; meat ami some other parties, which would,! no doubt, eventually be offered for s tie. Again, he thought that, as they had not yet sold all the shares, they had better j wait till some new prize was in view, j which would, as in the former case, create j a demand. The money lying in the bank j produced no interest, and he would say I of it m the words of Lord Goderich— j *l<et it fructify in our own pockets." j Some conversation arose as to purcha- j acs by private contract, to which MrSleman ; objected, but which Mr Keales thought might often be advisable. Mr Solomon urged on the meeting that by extending the tune they would greatly add to the sale of shares. I Question pat. J For Mr Alderman Peacock's. awruJment \ 6 ; against it, a large majority. AlWf*ltilWM*B< lost.

Mr White moved another amendment— "That the balance be paid by two in. sUlments, of £2 each, on the Itiih May awl the 26th June." For the amendment, <*; agunst it, a large majority. Amendment lost. Mr J. B. NeaJe* said that he would now maw* mi amendment of a different date, a* ha thought both extremes bad. It most be remembered that the lOth May was near at hand, jet be agreed with Mr Peacock tbu the Association should keep a large balance at the bank, if it were only to keep ocher people in ordor. Had they done so before, they shoulJ very likely have obtained the mine they first •ought, and money mi^ht thus do more good than by " fructifying in th^ir pock ets.** Besides,in these fructifying schemes, who should say the money might not got lacked op, and so the shares lost alto gether ? lie would propose the Ist June, which would give them ail tint month and July to frighten their oj :?o!K>nr«. He hotted all would meet halt-way by the adoption of this amendment. Seconded by Mr Pepperell. MrSleman thought July would bo :i::;e enough. Indeed, he did not consider be land in that month's sale vrorih much. He, and many, knew what the ore at Rapid B«y was, and were very well convinced that, tf they bought land there, their money wouLJ go rapidly. They must look a little farther, and he couiJ posi tively inform them that some excellent— some really valuable sections—were un der survey at that moment. Question put by divisiou. For Mr Keales's ameudoicut, 23; •gainst it, • majority. Mr ChambcHain moved as another amendment— " That the payment be made i;i two in s'alntents, viz., £1 on the Ist June, and £% on the Ist July." Mr J. 0. Kealc-s, in seconding him, s*id it must be remembered that rhe direc tors were all highly respectable men, bet

that not ouo among them would advance a sixpence—they would not even bid (or a 10-, and pay a deposit, unless the whole purchase-money were iv the bank, lest their uauies should be called in question as having been defaulters; for tiiis rea «ou, therefore, it was very important to place a large balance til ere as soon as possible. Mr Sleman said there would be no land 6a!es before July. Mr Xeales knew of several excellent sections in private hands. Mr Sleman ibought that all babbling in private bargains should be avoided. Mr Alderman Peacock could not imagine of* what consequence it could be of whom they purchased JaiiJ, if the lodes npo?s it were but good. He urged strongly the payment of the money at the lime first appointed. Poor uien would be tempted by the delay to use their four pounds (or other {>urj«oses, and iheii uhen ii was waned, it would not bo forthcoming. Mr Sicilian doubted if there wore many :ofti c class alltnU d to who had the j money 03- them ; but lie knew of very many I miners who were anxious to take shares, and * ho, being paid but ooce a month, could uol do so unless the time were ex tended. Mr Solomon sugg sled 'h.itt^e directors j would take it oi ihcui it they pleased, while the time mi^ut be extended to other people {Jtoud laugJiter). The question *as then put by a show of hands, bu< Sir Kcales demanding a ballot, the cumbers wire declared to be— For the Amendment .. 33 Agaiustit 67 Mr Collyer moved — " That at the next General meeting it will be expedient to causi Jer the propriety of re-elec'ing the directors, aud increasing their number bo soon as (he whole thou sand shares are taken/* Seconded by Mr Bunco. Mr M. Smith opposed the motion as being uucourteou* to the present directors. Mr Slenan thought the question should be entertained : the present directors re \ presented five hundred shares, and the ! other five hundred ought to be represented also. Mr Collyer disclaimed any iu'ention of rudeness lo the present directors, all of whom were his friends and had his respect, I but to vis knowledge there were immeson i ihe list which would deter some persons trom joining. After some brief remarks from Mi Aniw. Murray in support of the motion, cuad a few more front Mr Collyer, the question was put. For the mo:ion II Against it ?3 Motion lost. Mr Chamberlain, for the sake of setting at rest a question on which there had been some difference, moved— ** That all propositions coming before this association shall be decided by ballot whoii vle.;.anded/r | TLts was seconded by Air A. Mumy, and fjfer a short couvsrsatiao, carried unanimously. ■*-••?• Tbauks were ih^n voted to the provisi onal comniit'ec, and the meeting adjourned