SEARCH FOR GOLD.

Auckland Star, Volume LXVI, Issue 70, 23 March 1935, Page 11

SEARCH FOR GOLD.

PAEROA PROPOSAL. MINING TO BE FOSTERED. GOVERNMENT SYMPATHETIC. (By Telegraph.—Own Correspondent.) PAEROA, this day. An organisation is to be formed in Paeroa to take steps to foster mining activity, according to a decision of the Paeroa Chamber of Commerce. Under the leadership of the president, Mr. H. H. Bray, who is keenly interested in mining, the executive of the chamber hae been engaged upon the subject for some time, and last evening's decision was more or less of a formal nature.

An indication of a possible line of action was contained in a letter from the Thames Chamber of Commerce, which, in reply to the executive's inquiry, wrote promising its co-operatic:: ;n any action which would result in greater Government assistance in the development of the mining industry. Commenting ou the letter, Mr. Bray said that it was enlightening in that it showed that the Government was ■sympathetic in regard to financial assistance.

Mr. W. H. Taylor was of the opinion that the association woind require to embrace Waihi, To Aroha, and Thames in order to be a success. It had to be in a big way to command respect from foreign capital, and tins was essential, for prospecting at a depth was the only likely '.solution.

Mr. Bray concurred, but pointed out that everything had to have a small beginning. He therefore moved that the executive should take steps to bring about the formation of an organisation to foster the development of mining in the Ohinemuri countv.

In Ohinemuri it was necessary to prospect for large-sized reer.-i, and this could only be done under capable advice and with Government assistance under a different method tnan Unit required at Thames and Coromaiidel. Even the Waihi mine was not xery mucli, at first, and calls on shares had been very numerous. Only when depth was reached and big machinery installed, did it become a paying proposition. Now it wa-s the second greatest producer in the world. At other places there were equally good if not better indications. The only reason they were not opened up was the lack of £20,000 or so required for development work.

The meeting was fully in accord, and the motion was carried.