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158
NOTES ON NEW ZEALAND.
the ordinary diggers are in search, proceed to form a company for working it. Quartz gold cannot be properly worked by ordinary diggers; it requires complicated machinery for crushing, etc., and has to be subjected to various processes for extracting the gold. The Company obtains a special lease of the land from the Government, and takes out special licenses, allots its shares, conveys and erects its machinery, employs its labourers, proceeds to work its mine, and to pay its dividends. These are the lines upon which a Company is generally floated and worked, but, of course, Companies do not always commence in the same way, or
