A special general meeting holders of this Company was told on 'Thucaday afternoon at tle' Company'
Mr, W. V. Drummond (Chairman) presided, and there were also present Messrs, Francis, A. Lind and E~O. Arbuthnot (Directors), ©. D. Kerr, "R. M. Campbell, H. Joseph, Li, E. Waller, FW. Lemarchand, 't. Latham, BE, Robin" son, W. Buchanan, Z. B. Drage, B, C. Low, E W. Rice, J. Sharp, W. Brand, Moore, and', J, Dudgeon (Secrataty) reprosouting in all 1,486 nid 630
Secretary read the following roport:—ing is called in order. to'lay before Sharehulders an account of th working of the Company since the Gener Mooting held in December of last yon The Directors regret the very unsatis tory nature of the report which they have to aubmit,.they feel that they cxnuot better explain the disappointment of expectation by placing before the Stinreholde!
tory of the working to dal holders will remember that, at the time of the meeting in December last, inge had been taken in various parts of block at Sy. Puteh, with the sults, "Ther and of foot of w hill, faile disclosed strata varying from 7 to 19 foot in thickness, and in the Manager's opinion "were amply suifticiont to allow Ute ground worth working,"
Ground was first broken in the middle of December last year; the point selected for a beginning was situated wear' Bonn, No. 4, which showed a stratum of 0 feet, and the machinery was erected close Boring No., where the deposit was said to be 19 feet thick. The Manager explained that in selecting Borings Nos, 4 and 5 for a beginning, he was guided by the consideration that the former was ti point where the tin deposit showed 1 the surface and that, by placing the machi query at Boring No. 5. he secured a ceuitesl position from which lie would be able to work in any direction.
The work of excavation and erection of machinery was pushed on with all rapidity during the earlier months of this year. Variouslettersand telegrams wore from ti to time received, showing the satisfaction of the Manager at the mauuer in which the various works were proceeding. From thee advices it was expected that the tin stratum
Text read from the printed page and cleaned; old type leaves the occasional error.