GLASGOW BANK GOLD MINE.

Inangahua Times, Volume II, 4 August 1880, Page 2

GLASGOW BANK GOLD MINE.

-r-# A feature (says (lie Money Market •Review) in the Indian news this week is the ffict of the " Prince of Wales " gold mm ; ng reef having been cut. A correspondent writes to us : — In the English* man's Overland Mail, dated May 5, is the following paragraph taken from the Madras Times.—' They have struck such a rich reef upon the • Prince of Wales ' that they have been obliged to stop all works and to withdraw the coolies for the present, for fear of the loosa gold being stolen. The reef in question is the property of the Indian Gold Mining Company, of Glasgow (Limited), but it may not be generally known that it practically be* lonas to the liquidators of the failed City of Glasgow Bank. If only one half of what is rumored respecting the aurifer? ous richness of this property is true, the shareholders of the City of Glasgow Bank may wake up some morning to the pleasurable surprise of finding that they are the possessors nf an asset of great value. The reflecting reader will find this anticipation the more probable when he remembers that there is only a com* paratively small residuum of solvent harehoiders in the bank left, for it is to

be assumed that unf.-rtunate shareholders who have failed or compounded will have no part or parcel in the gol3 bearing property.