The Express.
London, England, 1853-11-22 00:00:00

LIGUANEA AND GENERAL MINING COMPANY

OF JAMAICA.

An extraordinary general meeting of proprietors
in the above compan; was held yesterday at their offices,
1, Kiag's Armslard, Colemanatrect, for the purpose .1
raising 2s. per share on the capital of the company, with a
view to continued operations; and also of enacting certain
bye-laws. Mr. W. Yammer resided.
The Sscuirradiv read the advertisement, after which,
The CHAIRMAN explained the object, for which the meet-
ing had heen called, to be the raising of 2s, per 'hare, for
the purpose of carrying on operations at the River-head
mine. They had sent circulars oat to the registered share-
holders on the 'reject of the present demand, and had I
received 11,270 answers in the affirmative, out or the whole
number of 20,000 shares issued. It was for the meetiug then
to consider whether, with such amount of assent, they
would agree to the payment of 2s. per share. Tha directors
had reason to believe that the works were going on. The
mining captain had died, but another would soon be sent
out, and al plication had been sent to have the works exa-
mined by competent authorities on the spot. If the share-
holders assented, the advance would be paid in two instal,
meets of a shillirg each, on the 2nd of January and Ist of
May next. Two resolutions would be proposed, one affirm-
ing the advance, and a second giving to the consenting
shareholders a right of preference in the ease of the 3,140
'hues which remained unappropriated. They would have
the option of taking up these shares at per should the pros-
peas of the mine turn out favourable. The state of the
share list was this: registered shares, 16,710; unregistered,
4,140; unappropriated, 3,140; total, 24,000.
In answer to a question,
The CHAIRMAN said the intention of the board was to
send out a competent person to take the entire charge of
the mining operations in Jamaica, in short, a new mining
captain. A resolution authorising them to do so would be
submitted to the meeting. If not agreed to, the directors
could not send a man nut until the calls came in it January.
Mr. BIeOOOD suggested that the proposed advance
should not be called up until they had received a report
from Jamaica.

Mr. Burros explained that the sum now demanded was
absolutely unwary to carry on the works. If the money
were not given, the works must be suspended, and should
the report then prove favourable, a completely new staff
must be sent out, and new expenses incurred.
The Citanatax stated that the preepeets at Riverhead
were most favourable. The goes= which bad been dis-
covered was quite equal to the indications of the Cobra
mine ; and it should be remembered that in the Cobra case,
the minen were three years in getting through the Roseau.
The directors had every reason to believe that the River-
head mine was rich in metallic veins.

A Baaasnonnin was of opinion that they had not any
lode at all. He had no confidence in the reports of the late
mining captain.
Mr. Bisoooo was satisfied with the explanations of the
chairman, and would assent to the call.
Mr. Surrote observed that they were not dependent on
the late captain's single report as to the existence of a lode.
They had three confirmatory reports.
The CHAIRMAN, in putting the first resolution, stated
that the directors had in hand only 1,2001., which would
very soon be exhausted.
I Mr. Hoots seconded the resolution, stating that he was
at the same time one of the largest shareholders. He ex-
pressed, as the result of personal inspection, his confidence
an the prospects of the mine.
The resolution was serried unanimously.
Resolutions were also passed, giving 6 per cent. interest
on the advance, and giving to the consenting shareholders
the right of purchasing at par the 3,140 unappropriated
shares. The option to last for 12 months from the Ist
January next, and to be preportiocate to the number of
shares held by the applicants on that date.
Another resolution was moved, limiting the power of
registration to the let January next. Shares remaining an-
, registered then would become forfeited.
The proceedings terminated with tbo usual vote of thanks.