FROM "THE PRESS" OF 1861.

Press, Volume LXVII, Issue 14162, 30 September 1911, Page 9

FROM "THE PRESS" OF 1861.

SATURDAY, SEPTEMBER 2S. 1 "The uncertainty that has attended I tiie operations of the iron sand .enter- ■ prise, of which wo occasionally get the ■ vaguest accounts, seems to bo at length ■ •jotaovod. and not a day too soon, as raw period allowed by' tho lea*e» ■ graoted to Captain Morsohead for pre- ■ parino for operations expired last montnMt will be remembered that those, ', soenre \o Captain Morrohoad for a '<" term of 2&yoars, tho exclusive priv»~ -'■ ,_ lego of smcndnß and working the irtvn '\ ore, which aßtapdg on ottr sen beach, •;- the equivalent Tfo tho prorinco being jj that the ore bo smelted and a worked in tho provafee, to the «nd that | tlw» produce thereof become m««r- 'c chantablo and fit for etoortation. Tho v Tnluablo proporty of theNoro has been for years past oft«n rcporw*npon, bui all question of its uso AQdWaloe is now set at rest by tho th« eteel produced from tho sand ufoped to England. The stool is pronoofeed to bo of tho first-cla®, and epecimW in the shape of razors, ponkniwk - watchcaps, otc. have roaolicd fcn«fW Colony. X ,r Wo now learn from a reliable eourco that Captain Morsohead h»» * transferred all his right and interest in the leases to a company represented by Messrs Martin and Soblochcro, who express full confidence in the nuocoee of their undertaking. A reseel. thft "Hejirt of Oak, , ' has boon purchased to sail the latter end of Juno, with plant, machinery, superintendent, and workmen. An agency has been established in Sydney, and operations are to be eomitaenoed here immediately on th« arrival of the vessel."