Gold

1886 Captain Crocombe, of the Kohinoor Gold Mine, Kangaroo Island, has come over to Adelaide, and reports the prospects of the mine to be very encouraging. The shaft is sunk to a depth of 68 feet, and a fine strong leader of good-looking quartz 9 inches thick is in the bottom, with a good dropper coming into it. The stone shows gold in what if believed to be payable quantities.

MINING. (1886, April 17). The South Australian Advertiser (Adelaide, SA : 1858 - 1889), p. 7. http://nla.gov.au/nla.news-article36326688

The Koh-i-noor Gold Mining Company was floated yesterday, and operations will be commenced on Kangaroo Island at an early date.

GENERAL NEWS. (1886, October 16). The Express and Telegraph (Adelaide, SA : 1867 - 1922), p. 2. http://nla.gov.au/nla.news-article208495010


GOLD ON KANGAROO ISLAND. (1904, September 28). The Express and Telegraph (Adelaide, SA : 1867 - 1922), p. 4 (4 O'CLOCK EDITION.). http://nla.gov.au/nla.news-article210538624

The Kohinoor Mine.

MATTERS in connection with the above are moving rapidly and it seems quite reasonable to assume, as we did in our last issue, that " before the end of February the battery will be heard at work on the Kohinoor Mine." It is evident that the people, in this instance as in others, are waking up to a realisation of the great resources— mineral and otherwise—of our "tight little isle." In this case they are, as will be seen by reports of meetings held from time to time, "taking the bull by the horns" and intend running the Kohinoor almost exclusively "on their own." This will probably come as a surprise to a number of main-landers and, no doubt there will be a rush for shares when it is seen that Island residents have such confidence in their own resources. The "Courier" does not propose to " play the flute" for K.I. unless there is sufficient grounds for doing so, but we firmly believe that, in the Kohinoor, there is something good and tangible. Time will prove whether we are right or wrong. In any case there are a number of shrewd, hard-headed men (who have proved their aptitude for business before to-day) who are identified with the present forward movement and what is good enough for these men should be well worth watching.

The Kohinoor Mine. (1907, December 21). The Kangaroo Island Courier (Kingscote, SA : 1907 - 1951), p. 4. http://nla.gov.au/nla.news-article191635667

Meeting of Shareholders.

A meeting of shareholders in the Kohinoor Gold Mining Company, No Liability, will be held at the Company's office, Dauncey St, Kingscote, on Friday evening next, for the purpose of formally adopting Memorandum and Articles of Association.

The Kohinoor Gold Mining Coy.

A meeting of the applicants for shares in the above was held on Saturday evening last at Anderson's Queenscliffe Hotel, Kingscote. There were about 20 present and Mr V. H. F. Cook J.P. occupied the chair. A long discussion took place regarding the question of re-forming the Company. It was proposed by Mr R. Chapman, and seconded, that the application money already subscribed be applied to forming a syndicate to start operations, but the proposition was not put to the meeting. Several other suggestions were made and, eventually, with the consent of the vendor, Mr H. W. L. Tucker proposed and Mr John Dewar seconded that the capital of the Company be reduced to £4,000 in 16,000 shares at five shillings each. Carried. A committee was formed to revise the prospectus, the following being appointed :— Messrs Arthur Daw, John Dewar, J. N. Davis, H. W. L. Tucker, H. G. Taylor and Alfred E. Warren (secretary.) The meeting was then adjourned until Monday evening, Dec. 16, at 8 p.m., at the Ozone Hotel. Since the above meeting the committee appointed have revised the prospectus, copies of which are available. During the general meeting great enthusiasm was shown and a large number of shares were taken up by present applicants over and above what they have already applied for. More than half the shares to declare the company formed have been applied for and it is hoped that before the end of February the battery will be heard at work on the Kohinoor mine.

The Kohinoor Gold Mining Coy. (1907, December 14). The Kangaroo Island Courier (Kingscote, SA : 1907 - 1951), p. 3. http://nla.gov.au/nla.news-article191637276


(1908, February 1). The Kangaroo Island Courier (Kingscote, SA : 1907 - 1951), p. 4. http://nla.gov.au/nla.news-article191630192Kangaroo Island Courier (Kingscote, SA : 1907 - 1951), Saturday 24 October 1908, page 5

The Koh-i-noor Gold Mining Co.

MEETING OF SHAREHOLDERS.

In response to an advertisement; convening same an extraordinary general meeting of shareholders in the above Company was held at the Ozone Hotel, Kingscote, on Monday last for the purpose of considering and dealing with the allotment of the unissued shares on a preferential basis, to be submitted by a resolution of the directors, and to conserve the Company's interests in the tenure of leaseholds. There was a fair and representative attendance, Mr John Dewar (Chairman of Directors) presiding.

The chairman having explained the objects of the gathering, the minutes of previous meeting were read and confirmed on the motion of Mr F. C. Addison [Frank Claxton Addison, Union Bank Manager], seconded by Mr Richard Chapman. The chairman remarked that those present would recollect that at the last meeting of shareholders every one in the room, to a man, promised to take up a quota. He regretted, however, to have to say that a number appeared to be rather slow in 'toeing the mark.' This might probably be due to a feeling outside that ''fresh money paid into the company would he used in the paying off of back debts. He could assure those who had this impression that such was not the case. Every penny would be put into the work of developing the mine. He might say, although he was not prepared at present to go any further into the matter, that the directors were considering a proposal involving the discharge of all old debts. As they were aware, at a recent impromptu meeting of shareholders the resolution come to by the directors to allot the 3,000 unissued shares on a preferential basis (said shares to carry a dividend of 2/ per share out of the first profits of the Company before the ordinary shares participate) was discussed and it was unanimously agreed that the action of the directors was in the very best interests of the company. A letter which appeared in the columns of the K.I. Courier had had an important bearing on the matter in hand. It was thought to be only a matter of common justice that those who came in now "to give the ship a shove along" should receive some preference.

Alter some discussion Mr E. F. Lockyer [Edward Francis Lockyer] moved ' That the directors be empowered to conserve the best interests of the Company as regards tenure of leaseholds, and that the 3,000 unissued shares be issued on a preferential basis, viz., 1/ per share on allotment and the balance of 3/ per share in calls of not exceeding 6d per month, such shares to carry a preferential dividend of 2/ per share to be paid out of the first profits of the company before the present ordinary shares participate in any dividend.' Seconded by Mr Addison and carried.

Mr Richard Chapman asked if it was possible to learn some details of the scheme for wiping off the back debts and which was referred to by the chairman in his remarks. To put the matter briefly it was then explained that there were a number of gentlemen who were so confident of the ultimate success of the mine that they were willing to wipe off all existing debts on a small interest charge. The scheme was practically an established fact, al though not quite completed yet. The idea was to resume operations with a clean sheet.

Mr M. B. Chapman [Marsden Blyth Chapman] : I am very pleased to hear this. I had come prepared to ask a number of questions, but now the atmosphere seems clear after these explanations. As the chairman stated there was a feeling outside that fresh money put in would be uged for the wiping off of old debts. The chairman expressed himself as pleased with the evident satisfaction which the explanation of the scheme had produced. The period of exemption, would shortly expire and this was no time for dilly-dallying or hanging back.

Before his departure for the mainland Mr Burton had stated "If everything is fixed up I shall return by the 2nd or 3rd of next month." Mr Burton (a practical man with many years experience) had stated that, by the end of six months, the shareholders would know whether they had a first-class mine or not: he had also stated that, from indications seen, if the mine did not give sensational results he would be surprised. He might add that, during his recent visit here Mr Burton had "seized time by the forelock" and, giving his engineering services and time free, had supervised the building up and strengthening of the dam which, before his departure, had risen 14 inches. As a last word he (the speaker) would distinctly reiterate (for the benefit of those who were hanging back) that the shareholders would get the full benefit of the money paid in for the 3,000 unissued shares; it would be all utilised for development work, not for paying off back debts. After a little further discussion proceedings closed.

The Koh-i-noor Gold Mining Co. (1908, October 24). The Kangaroo Island Courier (Kingscote, SA : 1907 - 1951), p. 5. http://nla.gov.au/nla.news-article191631224

MINING MATTERS.—In the course of a brief chat recently Mr Tassie O'Connor stated that in connection with the Western River Mine that at shaft let on contract 150ft west of present workings it was expected that a lode would be cut within four weeks. When cutting it will show 350ft. of backs for stoping. Mr O'Connor added that he had secured an option over Bainbridge's, Murray's and Waller's gold shows. He considered the area embraced the biggest surface show he had ever seen; he intended putting it into a development syndicate at once.

Local Rifle Notes. (1907, November 9). The Kangaroo Island Courier (Kingscote, SA : 1907 - 1951), p. 4. Retrieved August 3, 2019, from http://nla.gov.au/nla.news-article191636959

The Kohinoor Mine.

MATTERS in connection with the above are moving rapidly and it seems quite reasonable to assume, as we did in our last issue, that " before the end of February the battery will be heard at work on the Kohinoor Mine." It is evident that the people, in this in-stance as in others, are waking up to a realisation of the great resources— mineral and otherwise—of our "tight little isle." In this case they are, as will be seen by reports of meetings held from time to time, "taking the bull by the horns" and intend running the Kohinoor almost exclusively "on their own." This will probably come as a surprise to a number of main-landers and, no doubt there will be a rush for shares when it is seen that Island residents have such confidence in their own resources. The "Courier" does not propose to " play the flute" for K.I. unless there is sufficient grounds for doing so, but we firmly believe that, in the Kohinoor, there is something good and tangible. Time will prove whether we are right or wrong. In any case there are a number of shrewd, hard-headed men (who have proved their aptitude for business before to-day) who are identified with the present forward movement and what is good enough for these men should be well worth watching.

The Kohinoor Mine. (1907, December 21). The Kangaroo Island Courier (Kingscote, SA : 1907 - 1951), p. 4. Retrieved August 4, 2019, from http://nla.gov.au/nla.news-article191635667