The Association acquired eight-tenths of the claim in August
1884, the two other tenths being held by Messers Bagot and Co.
of Adelaide. The dual proprietors decided upon floating it as a
company. The change was made for the more effective working of
the Property. The capital of the company was fixed at ninety
thousand pounds in 72,000 shares of one pound-five shillings
each. They were issued at one pound and paid up 64,000 to the
Barrier Ranges Association, being share for the share on the
stock of that proprietary and 8,000 to Bagot and Co.
A small township has sprung up since the discovery. The main
street is composed of one Hotel, a few boarding houses and
residences built of corrugated iron (Hot in Summer, cold in
Winter) and all round the hill, tents, dugouts and mia-mias,
peep outs of the small clusters of Mulga'.
In 1884 is was estimated that 500 people were living in and
around the township of 'Wilson', which was commonly known as Day
Dream.
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