THE ELINGAMITE'S GOLD.

Auckland Star, Volume XXXVII, Issue 88, 12 April 1906, Page 5

THE ELINGAMITE'S GOLD.

BETUKN OF THE PELICAN.

EXPEDITION UNSUCCESSFUL. ANOTHER ATTEMPT TO BE MADE. The Queensland syndicate, comprising Messrs. Parkes, Mehan, Dr. McGregor, and Dr. Macdonald returned from the Three Kings in the steamer Pelican this morning after making another unsuccessful attempt to recover the £ 17,000 worth of gold lost with the wreck of the steamer Elingamite.

In conversation with a "Star" reporter Mr Parkes stated that the party was at the Kings for five or six days, and during that time the scene of the wreck was only visited on two occasions, but even then the seas were so heavy that the vessel was unable to anchor, and consequently a descent to the wreck was out of the question.

The Pelican left Auckland on the 3rd instant, and arrived at the scene of the wreck on the sth. It was then impossible to work on account of the heavy weather, and the boat went for shelter to the Great King. The weather continued bad, and the boat had frequently to change her anchorage to suit the wind, which was principally from the W. and S.W. On Tuesday, the 10th, the wreck was again visited. The seas were so high that it was impossible to do anything, and as the wind kept in the one quarter without sign of moderating the party decided that it would be unwise to remain any longer, and to return to Auckland, arriving here this morning. The party, said Mr Parkes, will make another attempt when the weather is more settled. BANK OF NEW ZEALAND. A MOST SUCCESSFUL TEAR. (By Telegraph.—Press AcaoeiaUos.) WELLINGTON, this day. Although the figures for the financial year of the Bank of New Zealand are not yet published, it is understood that the institution had a most successful year. The bank's profits have been growing each year, and it is alleged tbet the present year's surplus will bo larger than ever, and will constitute a Teeord in the bank's history. A portion of this success is due to the realisation of certain of its inferior assets, which have 'been turned into a liquid and consequently moneyearning state, but, apart from this, the volume of business has increased to such sn extent as to justify the unqualified congratulation of the directorate.