The Horse Terrace Sluicing Company, Limited ; Offices, Auckland. Secretary, Mr. H. Gilfillan, junior. This company was formed with a capital of £5000. It acquired from McDougall Brothers, two holdings of twenty acres each, situated at Horse Terrace, ten miles from Murchison; and, in addition, a special claim of 100 acres was taken up. Operations were commenced in November, 1904, and have been carried on continuously since that date. A race, two miles and a-half in length, and six feet in width, was brought in, carrying thirty-five Government heads of water. Power is held to bring in 100 heads, and it is proposed to exercise this power when fuller development work has been carried out. Two faces are at present (1905) being worked. An up-to-date electric light plant has been installed, and gives a 92–16 candle-power. Twelve persons are employed. A sawmill in connection with the works is driven by a six-feet Pelton wheel, and supplies the timber used in the claim.

Mr. Charles Spurgeon Beilby , Mining Engineer, is manager of the Horse Terrace Sluicing Company's claim, and has conducted the whole of the development and prospecting work in connection with it. He was born in Wimmera. Victoria, Australia, in the year 1879, and came to New Zealand at an early age. Mr. Beilby was educated at Westport, and at the Otago School of Mines, where in three years he obtained his diploma as Associate of the Society of Mining Engineers. He also studied metallurgical and chemical research work under Professor Black for one year. Mr. Beilby then worked in sluicing claims in the Westport district, followed by underground work in the Consolidated Mines in Reefton, and research work on concentrates for the Consolidated Company. In Reefton he also gained experience in battery and cyanide work. For some time he was manager of the large sluicing claim at Newtown Flat, after conducting the engineering and development work. Mr. Beilby did the preliminary prospecting and development work for the Horse Terrace claim. He is a fair mechanical engineer, and is able to attend to and erect all classes of mining machinery. Mr. Beilby is Noble Grand of Lodge Matakitaki, Manchester Unity, Independent Order of Oddfellows.