DIAMOND DRILL COMPANY FOR INANGAHUA.

Inangahua Times, Volume II, Issue II, 12 September 1881, Page 2

DIAMOND DRILL COMPANY FOR IN ANGAHUA.

Public Meeting. j In accordance with announcement a { public meeting was held in Dawson's Hall, on Friday evening last, to take into consideration the advisability of forming a Company under the provisions of tbe Limited Liability Act, to purchase diamond drills for prospecting in the Inangahua. The meeting was well attended by those most largely interested in mining, among those present being Messrs G. C. Bow-, man, H. Thomas, P. JButler, O, Fra'ser, J.Thorburn, P. Murphy, M. FitzGerald, and many other directors, aud prominent business men. Mr, Lewis, manager of the National Bank, was voted to the Chair, and briefly explained the object of the meeting. He called upon Mr W. H. Jones to explain the business more fully. Mr Jones in coming forward said he had taken upon himself to convene the meeting as the result of a good deal of discussion both in public and private j upon tho importance of procuring dia** mond drills to prospect the Inangahua. As they were no doubt aware the application of the diamond borers to prospecting in Victoria had been attended witb astonishing success, proving the existence of payable quartz reef in situations which would never have been touched but for the diamond drill. The importance of that discovery was shown by a paragraph which appeared in the Inasgahua 2 imes of that morning, wherein it was shown lhat mining shares at Stawell had hem increased over £100,000 in value in consequence of tbat one successful boro, ard the result was that Stawell now promised to regain all its lost prominence as a reefing field. In Victoria at the present time there was a perfect craze for the drills, and companies were being formed in all the principal mining centres to pur** chase the machines. It was not to be wondered that all ihis interest should be manifested on behalf of the drills. They were comparatively cheap, easily worked, and would do as much prospecting in a i few weeks, and at a mere nominal cost, as would require years to accomplish by the ordinary process of driving. It was hardly necessary to poiut out how serviceable the drills would prove in a field like the Tnangtihua where water-power was avail* able in every locality, and two or more mines could be prospected from one point. There could be no doubt that the development of tho field would be hastened enormously by the operations of the machines. New lifo would bo infused into mining throughout the field, outside attention would be attracted, and greater security and permanence would be given Ito investment. Tlie subject had been wpII ventilated, but as no active steps had been taken by the con era! public, the -idvisability of colling a meeting to discuss the matter had boen s;.)g;:o4ed as the most appropriate '.ray of tos'ing the feci** ing on the niic-iiou. Uo would suggest flu? nd vis ability o-' forming a company to purchase uvo or threo d". iiis. which should be lot. oa hire to the various companies requiring then*. Mr H. G. Hankin hr.nng dwelt at some length upon the vast saving in time an "i c-pital to ho effected by the drills, and their special adaptability to a hi'ly conn-try su'h as the Inangahua, cnneluded by moving the following resolution : Ths* '"in the opinion of thi 4 ? mci'timr itis highly desiraliie that a coinpanv should ho formed for the purpose of proeu*-in7 Diamond dril's for prospecting purposes*. and that a co-mmi'tee consisting of ?.le*srs Bownjan, Lewis, Osley, Ching, Hunter, Loeky, Brennan,- Rigour. Jones. Pot is. Wise. Lee, Beeche, Cohen and the mover he appointed to take the necessary steps for organising such oompany.Mr Philip Alexander s •ennded the motion, and suggested the ad h'tion of the names of Messrs Brueo, M'L.r.ighlin. Thomas, Fras.-r, Duller, Lsvy, P-.-r.rJi, and FitzGcrald. The motion as nnrnded was then put to the meeting and civriod. A vote of thanks to the chair terminated the proceedings. v