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NOTES ON NEW ZEALAND.
157
valuable than what had been found above.
The steps which usually lead to the formation of a genuine Company are as follows: Gold is discovered in a certain district. As soon as the fact becomes known all sorts of people—clerks, storekeepers, farmers, business men, loafers and idlers of every description—join in a rush to the spot where it has been found, and these very soon exhaust the supply of nuggets and surface gold. Prospectors arrive upon the scene and examine the ground, and, if they discover quartz gold in addition to the alluvial gold, of which
