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Show . I The Unfortunate Emma. The London Monetary and Mining Gazette, of the 27th ult., gives the following account of the proceedings in the matter of the petition to wind up the Emma company : In the court of Vice-Chancel lor Malins, on Wednesday, tho hearing of the petition presented by Mr. Askew, a holder of 125 shares, for the winding up uf the Etuma silver mining min-ing company, was resumed. At the conclusion of the arguments, his honor said that if he made an order to wind up the undertaking compul-sorily, compul-sorily, he should be cutting ofl what hopes there wero, and acting against the wishes of an overwhelming majority of the shareholders. He felt that he should not be right in making an immediate order in opposition lo their wishes, and he would therefore give them an opportunity of deliberately deliber-ately expressing their yiewa at a meeting to be presided over by some competent man appointed by the court. The petition would therefore stand over to enable such a meeting to he held. The opposition was maintained by Mr. Macdougall, who renresented IS. 000 shares. aeainst250 in suppoit of the petiti9n. There is no doubt that Mr. Macdougall will have a large majority at the meeting which will shortly be held, and that majority will declare for the continuance continu-ance of operations at the mine. It is not improbable that Mr. Macdougall will be elected a director, and possibly possi-bly chairman of a new board. In that event the present manager, Mr. Attwood, would be either called upon to resign or be dismissed. There can be no mistake, however, about the vice-chancellor vice-chancellor being decidedly in favor of winding-up, even though he allowed the petition to stand over in deference defer-ence to tho large opposing interest. |