WEST COAST NOTES.

Press, Volume LIX, Issue 11278, 20 May 1902, Page 3

WEST COAST NOTES.

(SPtIIAL TO "THB PBB3S. ?T ) GUEYMOTJTH, Hay-19. 7hn weather continuing wet and stormy, nolhirg can yet b? attempted in the way o£ raising the Maori Ouily Company's dredge, whicii sank on Saturday. She is now oft under water. It is in-tended to bring in a short race that. :t i* thought, -will bring -water down to the level of the deck, -when an effort will be made to s.op Iho leak and pump cut tbo ix-r.tcon. A report from the Hocklands Beach Company's dredge steles that she got aground ihroiijh one of the wire line* giving (way while the river was in flood. The hull then Hwurjjr round, and grounded, but so far no grp-jt, damn go has been done. lho Jlorfden Ino. 1 Syndicate have stopped their clrcdio pending a meeting of shareholders, to be held on "Wednesday. The Perry's ..sward Company's drfdge will be removed to tbo 'Moirtezuma Beach claim, situated at the northern end of the Hr.kitika, borough boundary. The dredge should be we.i adapted to work a beach cl?.inx. (PRKSS ASSOCIATION TELEGRAM.) GREYiIOUTII, Aim- 19. ."looniight (!o.d dredging Company is trying to raise capital to 13euc £1750 wortn vt debentures. The machinery for the dnilgo ;s lyinp ut Ahaui?. and the pontoons are about hali-timshcd. Work wss suspended about six months ago. Work on the Trafalgar dredge is practically completed, ar.d the machine will be in commi.ii.ion this day week. Ail the surface timber is being floated away. . A ncneme la on toot to amalgamate the Cn'.edonia, (10,000 shares), Watoraon's Consols fSOO shares), and two other lenses on the Ahaura River. It is intended to shift the Caledonia Company's dredge at an estimated cost oi iIoCO, to one of the Ahaura Kiver properties. If successful thia wiJ bs - the precursor of other similar undertakings. The total number of shares in existiag companies ie '2?,o00, on v/bich tf«o pound per share has ueen cnlled upi Part ot the scheme. is to write down the shares to 18s, end the 2s extra capital to call up would provide £2830, sufficient to shitt the Caledonian dredge and provide for nil contingencies. Tho Ae'.son Creek dredge mads a fresh start on Saturday, and worked smoothly. The directors of tho Shellback Gold Dredging Company had zn accident insurance policy with-the Government, whicli" protects r -theni froai all less in. connection wath the recent drowning fatality. ■ .- • ' Jlr F. Burrhesterhas secured the oontract lor the Shetland Torrace water races. The l'erry's Reward Company's dredge will bo dismantled end re-erected on the ilokitiku Xorth ricach claim. The purchasers o£ • the Teremakau Hiver claim and dredge intend to lose no time in completing tho erection of the dredgo and, getting her into commission. The machinery, 'whicli is ut Aucklandy nnpeara to be in every way suitable, but the pontoons will be stayed and Btreng'thened to a considerable extent. ..