More Disappointments. 245 



vein is exposed in each case, Avliicli of course 

 makes it difficult to form a very conclusive 

 opinion. Some of tlie reefs cany gold to a fair 

 extent, and in ^Ir. Perkins' opinion it would 

 be possible to make them pav a little profit I'tv 

 small individual enterprise ; but neither the extent 

 of the reefs, the quality of the ore, nor the general 

 formation of the country, so far at least as judg- 

 ment can be formed on what has been seen, could 

 justifv the formation of large London companies 

 for their further de^'elopment." 



