GOLDEN FLEECE UNITED.

Inangahua Times, Volume X, Issue 1600, 14 September 1885, Page 2

GOLDEN FLEECE UNITED.

Tenders are invited this morning for tin* purchase of the company's magnificent mining plant, full particulars of the machinery biMtu; given in an advertisement appearing iv nimthei column. It will lie a groat pity if this property is allowed to bo broken up without another off »rt being made t.) explore the ground. Money is no doubt very scarce, but it moms quite within th« range of the resources of the district to form n small company to purchase the property out and out and 'jive the ground out* mo 1 - fn.'l. Jt is well known that at (U-- ri-ne Mr Tivnnery retired fn>m the m.uugement of the company he sujjgfsf.ed a .'l'rtpii co»rß3 of operations as absointil/ essential to the pionp^etinsj of tin•iiouud to the north of the miin slmfr. It was m tin's portion of «l;o gs-onnd Mr Trennoi y most ;■« lit* ' np.>n to pick up the contiiiuntion of the Flc*ce blo^k, and althousih tin* company since then expended some thousands of pounds the put of the ground referred to has never sine been touched. To crosscut this piece of country would not bo an expensive work, and looking at the ennrniitus sums which have been expended in other mines in prospecting worl>g, it seems to me it would be a crying pity to neglect this. Tin's would I>3 no "wildcat" speculation.] is very body in this field knows what the Fleece reef yielded iv the past, and it is quits unnecessary to refer to the consequences botii to a new company and the district generally which would result from picking up a continuation of the lode. Possibly if the formation of a new company were taken up by good hands, terms for the conditional purchase of the. machinery might be arranged with the, present owners, and if so t: p shares might be floated at a c!ioaj» rate with a s:ml! capital of say

5s ptr share. We shall b.» for the ' ?:>!:■ of t!ie district to ext«-n-l ev<vy possiolo oncouru.^ement to such an enterprise, and hope something may come of the suggestion.