MINING NEWS.
The secretary of the Greenstone Creek Company received a letter from, the dredgemester on Ftiday stating thai the dredge was working splendidly, and he hoped to bottom on Saturday. The secretary of the Sullivan's Lead Gold Diedging Company reports that the tender of Messrs Hill and McKinnon has been accepted for the construction of the pontoons, the terms being that they are to be completed, within four months. The contractors are losing no time, and have already made a start with-the-work. The machinery, the constructibn of which is in the hands of the Otago Foundry .Company, is well advanced, and is expected to" be completed in the course of a few weeks. The "Otago Daily Times" understand* that the debentures issued by the Grey River Consolidated Dreaging Company in order to enable it to pull through its fnanoial difficulties, have not been taken up to the required extent, some 230 being siill wanted to place the company in a satisfactory position. In the event of this means of financing the company not proving a success a reconstruction oChera» may be embarked upon to save the property.
Permanent link to this item
https://paperspast.natlib.govt.nz/newspapers/CHP19020203.2.8
Bibliographic details
Press, Volume LIX, Issue 11190, 3 February 1902, Page 3
Word Count
188MINING NEWS. Press, Volume LIX, Issue 11190, 3 February 1902, Page 3
Using This Item
No known copyright (New Zealand)
To the best of the National Library of New Zealand’s knowledge, under New Zealand law, there is no copyright in this item in New Zealand.
You can copy this item, share it, and post it on a blog or website. It can be modified, remixed and built upon. It can be used commercially. If reproducing this item, it is helpful to include the source.
For further information please refer to the Copyright guide.
Acknowledgements
This newspaper was digitised in partnership with Christchurch City Libraries.
Log in