THE Inangahua Times. PUBLISHED TRI-WEEKLY. WEDNESDAY, AUGUST 14, 1878.

Inangahua Times, Volume 69, Issue 69, 14 August 1878, Page 2

THE Inangahua Times. PUBLISHED TRI-WEEKLY. WEDNESDAY, AUGUST 14, 1878.

I tl f^F»'VTVr m T» mmmMU^ tt - '- " 'JJ".»i.i!i.*"!iL«Jiian Ab wo havo already announcod, a con» feronco of fiharobrolcors nnl others was held for fchq purpose of framing certain auggeated amendments to tho Mining Companies Act. AVo nro now fl in a position to lay before our readora tho prociso naturo of tho nltorat'ona which it is sought to have made in the '„ existing Acfc. A number of tho Bug* gesfciona were upon mere technical ■ points which need nob be given hero, such, for instance, na Iho substitution of the word ' County ' for that of 'Province,' nud othera of a similar naturo. » Tho, gist of tho propooala ia aa follows : — Tn aection 28, tho words in the socond line -' upon which shall be . written' expungod, nnd tlie words 'togotber with ' substituted, nnd in the aame section, on the third line from the bottom of page 156, the word 'made' substituted for that of ' duo.' The following words to bo added to aection 80,, ' and shall notwithstanding such transfor, bo liable in tho aamo manner in all rcapocta aa if such transfer had not been made.' A aimilar addition to bo n ade to aection 81, Iri aootion 52 tho word ' made ' to bo substituted for that of ' payable' Tho words 'provided proceedings for tho purposo be commenced within 14 days from that day ' to bo struck out, and tho words ' from the day on which puyable' substituted. In Rection 53 the word ' payable' to bo aubstituted for that of ' due.' Sections 54, C 5, 60 and 57, to bo struck out, and tho following substituted :— ' If any shareholder fails to pay any call duo on tho day whon it is payablo tho company, may at any timo thereafter during which tho cull remains unpaid publish a notico tbreo timos on alternate days in a newspaper published in the chief town of tho County, ren quiring him to pay such call, together with all expenses that may hove been occasioned by reason of such nonpayment. Tho notice which shall bo published as aforesaid, shall mime a further day, not less than 14 days from the date of tho first publication of such notico, that in the eyflnfc of non-payment afc tho time ap* pointod, tbo shares in respect of which such' c/jll Was mado \Vill be lialjlo tp., forfeiture.;, If the requisitions of unyftftch riotieeiftfl.aforeßa^.Bire not ;' \etifaj plied witbp^ abnjpe in^ reppect.^pf ; I wh(riclrllflbh^rtttfeic«' h , rfs&eett< , <giv.tor, may. be forfeited by a rSa'dftUiott ordireefcoi's* to that offeet, and any shares so for-i fei tod shall bo deemed to be the property of the company, and may bo disposed of in such manner as the comi pany may think fir,. Any shareholder whoso shares shall be forfeited, shall notwithstanding be liable to pay to the company all calls owing upon such shares at the time of forfeiture.' Sec tiou DO of the Act to be amended so as to harmonise with the foregoing &U toratktna, These proposals were sub" sequently submitted to tho resident mom bera of tho legal profession, and having been drafted in tho proper form by thorn, wore finally telegraphed to Mr R. Beeves, M.H.R,, unci probably by this timo tho House has been moved m tho matter. Wo have before as tho remarks of M!r Pitt and Mi? .Reid upon tho proposes, which aro, liowcvor, too lengthy for insertion to* duy, but will be published in ow? noxt issue. I

j^^^^^^^^flHrroply to a reyesterday PJ^Tolograph to tlio Minister of Justice against iho removal of Mr Warden Sb'aw, a message hns boon ro« coived stating that tlio Govornmonfc 1 will re-consider its decision iv tho ■ matter.