The Express.
London, England, 1852-12-31 00:00:00

THE AUSTRALIAN MINING COMPANY.

An extraerdtnery general meeting of the share-
.holders of this company was held yesterday at the London
Tavern, to receive the directors' report on the result of
Coale llitchins's inspection of the company's proper", in
Australm, and to take all such measure% thereon as may be
deemed advisable." The chair was taken by Mr. R. F.

The SICIIIIIAILT read the following report:
"At the 1 general meeting la .Taly last the direc-
tors reported that as won as they should have had the
helmet of personally communicating with Captain Jahn
Hitching, oa his return from Australia, ma extraordinary
general meeting would be called to consider the tonne to
be taken for the further promotion of the interests of the
shareholders. The written report of Captain John Hitching
has lain at the company's orate for some time open to the
inspection of the sharenolders, and this with the specimens
of ores brought by that gentleman, and exhibited at the
tame plate, has afforded ample opportunity to all interested
to become minutely acquainted with the geological cha-
racter of the company's property, the estimate formed by
Captain Jetta Hacking of past operations, and his views GI
to the future. _ . . .

" This report will therefore osly deal with the general
conclusions founded on this document, sad with the soars.
of proceedings which, is the penal extraordinary pukka
of affairs is the colony, Fr to be meet sib/sable.
" First.—de to the Mk evident bun ellfilin Jaw
Hitchis's ripen, owl tem Ober owns esuodlio
your director% Mat the twature business is the aiserfaso
as well their aim* operations so boos ostriol wa
most eztrivesest sad injudicious oassaer, sad thee wader
bettor amusement mach e:ppssusaM might have lees sued,
and fir greats' roam resWM. It aut. however, be
sailifectory ta the shareholders ta be assured that the pest
filtraTV&ACiell have loss sines hissa effectually and finally
arrested.
" It is equally evident that the Tin killo mine bas not
been properly tried, and that there exists good ground for
anticipating profitable returns from those operations which
Captain Jebel Machina recommends, sod which he believes
may yet result in the discovery of remunerative di.
posits of copper ere, there being a considerable quantity of
very rich ore in sight in maiden ground that can be
natty raised whe he labour market returns to a nor-
mal condition. These operations are minutely indicated is
hie report, and their cost calculated after a close personal
inspection.
The recent letters from Mr. Foster, the company's
agent, ecerobmte Captain John llitchines views, humus%
that an far as he has been as yet able to prosecute the trial
workiags referred to, the captain's meet favourable satici-
pations have been fully realised, but the superior attractions
of the gold fields were again suspsudiag operations in
copper mining, not only on the company's property but on
every other Ash.. in the celery ; at the same time Mr.
Poster ezpreeses himself with some maildeues that the
labour market will is the course of a short time become

mare favourable..
n As copper 01•111.14 whenever °kcal:Mari allow the
company to resume that character, it may be desirable sot
to rest exchtsively on the Tungkilio Mine, but to ebtala
upon equitable pees some of the many minas of promise
w• are ameettined to exist in the colony, , and here the
will dative great benefit from the enmities given
by leis Hitching to his men general servey. Al-
lied, tbs fikeeton bays wand the option of a
mine whittle/ in fair prospects of immigration, btlintli
for rim that will be readily appreciated, the directory
ahstaia hem describing more particularly at the present
tame.
Dig his madame in the colony, the impres.Weine
of the ismli attracted Captain Jelin Hitchines Of
the Mks% Omsk estate, many all the have
been eke* based apse teenszltysithevehbisAi
assesesvorls
for the km we lady so be
been by raseat greats, esesideelag the
elsaraeter limit pukka of this prepesferille essegeley's
amid survey at Heed, Creek, whisk 110111101.1111161 keep
ark to soak. obeli 4 mike bee east is hart. alai*.
talon. 20,000 imeleds wee as it. sneak be oasherege or
e eltivatioe, a oseilierabio sent memo is be- ealtelde Ice
dairy farms, the WA seaseally bake sal searieseied. sad
certainly better reseed the, ma fiblolots he the
colony, OR whisk asionat Yes mho i ilsbly milled by
colonists tally seweetest Mee ill rest diareeler.
Had the esmosare prespesuk, kerelhai, renshaed ha
the state ia which they were when Opplais Jake Eitehlos
left the colony, the diseases would pole* have felt it
their duty to the shareholders to reeammomil a Unger exer-
cise of patience fur the natural deadweight of the value of
the land and the proarmatioa of sash reasseehal is mining
as the state of the labour market might allmi, but minis his
departure from the (*lousy an entirely sew stalls of
has arises. Resauserative gold fields-have bees
so near the company's property as to induce the expecta-
tion that It may be found sport the company's land, or
Is such proximity to It aa to sleet its value most ma-
terially.
" As already stated by the last esseaats, it that
copper mining had bees spin but it is
most gratifying to perceive that, the since re-
fused to engage for more work at eaggerr, solar slowed
favourably the prospect M st peopeis yeedoselas geld
that they had agreed with lit. Teller, mks So=
meat at Mose Wales esesedolo samasees
mei& weasel* dlbsetlew. is embus peels et the estspare
hod. Ia sue it me be edged the mope, emit
fell to is lhoomeeill advantage or the Oa
eereries, sad IMO erpeaalb h sing on active saddest
agent, prepensi p mad lidmaell of every gyp/Meaty for
' promoting Mrs anspany's laterals, and Oda beds l& di-
rectors hohlesielly p smite to you hew itvautelge a
' position the sewpsay eseemiel so compared with away
others.
' It will be la the niellestisa of the shariteliter! that

Wl* eilliall ash Ws ilea USK. ems bearied is the
*mhos, ma amiss of
killo—aw amemillowe Youreidaillinteas wilialh=4.ll4
at a reolomb OW, ma utabissiy aria be presoold ii •
**nab* Mpe sag waned at a
.low rate. This oar
aunty. yam directors as* happy Is say, Is perfectly op-
pliable is the stamping sad .-dashes of gold are 5.....". is
situated am the he era wever-alligeraelitaid
by • medal steramaibta. Taw dim*. Wine sr-els
bat ma *Mr earapas aspire I. ail Ibe Awe sling mis-
sies, and that is pared by the Base Berra Cesamay.
To assaskistare in isglasd, sad mats week at aay at the
gob! kids I. llaelnlia, Malin =slimy twat
at tba rant sesmat maks time aid wet
tamely admilllyi at say appromiewlie
too. flu lava Ma a elm at Pert
Arklakle . a MI sweat *elmpt•a, wad WWI.
7:=lo74nri i Oa sbe
ilklegid ligirmear testis:o%lX
ewe gaits goillwaril Owes* at tbs Wog Arm thoessa-
opgarleMiOr ea mike apieline la sold=
minima ea lielliawl amt sallabb, Want
sapplimilimita The 411batioos tbarelhow poop* to
avail. thesmaimik Me .1M Mesa of the 1111411 W, Of the'
bight, sivarawilinewsloon brillated ; to ' beta thaw-
wives * maw= ft womb oar - or ow* Was la
NerMaisa wilt *a reasurin of Sleek mint poem% sad
aperch**, tor atell=Ft of lima aormary oposatitas, nib 0 the
of dwit and the Masai et en IRK wilialt
promise rad MI be asilial wow as obewmeamse
sa•tr alit blo.
la Sae% wbibt arwitilaiseg flan *Ely dad week, to
eater apes sash besisem es may promise a weedy return,
sod ler whisk their poet egoism awl the* pinkies in
Amu** Over Wiwi whawasee pueseasi by lbw abs..
•• The dinette onast doso this palm of ibis report
without alluding to der very highly reabliratery way I.
Niel Copia Joint MINN* ham WSW bie rair*aa •
bob is retuallag Ma onspeay 'e Lima mad is reportiai
visa *sir gaim*,..aaesay ; sad It Awe *Outer.
WO SO MC that his an, lally boar& mare eztemively
available piesr interests.
" The eaa* oppertasity wain the directors to inform
the eh i rebellion that the very ilavoarable opinion they were
led to form of Mr. rater bee bees In every way borne out
by their farther esperimee, wed they beve opals to record
itheir high same of Ms valuable sid they have received from
Mr. ltdmt Novaya* is ileo mislay.
I 0 Ceder the 140th swim el the eerpwny s deed, the di-
rector, are 11114119011nd 10 array for a ahvtar or as act of
imorporatiss. The sisped of applying for the former
i has fur sameillme been the subjoin M -eomiderstion ; but
with that 111111110011 which they trust has guided all their arts,
the dittoes, bens deferred doing so saki they were in •
mill* to asks this present reprrt. •
0 The late Isterreenrin in the politisel world his some-
what lateribrog with their *intim be ads fee, but the
dime*, Me* as ao distsautail, la haw to otnice the
1 e;mpsay me isoorporated a ayalaitaelor."
The Onanitur ma be Nelti allaila die Atareholdete
that it was me estbemlory is the aria* Is lay *lon