TREASURE HUNT.

Auckland Star, Volume LXX, Issue 31, 7 February 1939, Page 5

TREASURE HUNT.

WRECK OF GROSVENOR GOLD, DIAMONDS, RUBIES. A SPECULATIVE VENTURE. (From Our Own Correspondent.) DURBAN, January 6. An attempt to recover the gold ingots, diamonds, rubies and money worth £5,000,000, which, it is believed, lie in the Grosvenor wreck off the coast of Pondoland, is being made. A breakwater is to he built, after j which the contractors will empty the | basin formed over the wreck which is believed to be that of the Grosvenor. It is admitted that the venture is purely speculative and treasure may not be found.

Wlien the vessel was wrecked on August 4, 1782, there were 150 passengers and crew on board. Most of I the passengers were believed to have had in their possessions large quantities of valuables, with which they were returning home from the East Indies. Everyone is reported to have got ashore except the cook's mate, but no portion of the cargo was saved. According to reports, the Grosvenor was carrying 19 boxes of diamonds, rubies, sapphires and emeralds worth £517.000; 720 gold bars valued at £420,000; 1450 silver bars (unvalued); • and specie to the value of £717,000. From information available, it is estimated that at to-day's world prices, the treasure would be worth £5,000,000.