NEW DREDGING ENTERPRISE.

Press, Volume LXII, Issue 18651, 27 March 1926, Page 16

NEW DREDGING ENTERPRISE.

SEARCHING THE CREVICES. HIGH-POWERED SUCTION DREDGE FOR THE SHOTOVER. OPPORTUNITY FOR INVESTORS. Most of us remember tho fabulous i-eturns of gold that were wou from the Shotover when dredging was at its height, and how fortunes were made almost overnight. Will the good old days ever return P It is stated with confidence by experienced miners that there is more gold left in the Shotover than has ever been taken out of it. Can this gold be 'raised from its bed in the crevices ? The modern highpowered suction dredge now enables one to say yes. It. is well known that tho old-fash-ioned dredge simply scratched the surface. It has neither the power nor tho ability to lift the gold where it lay in tho largest quantities—in tho crevices. To achieve this a new type of dredge is necessary—one that will work the crevices and draw tho goldbearing material up by suction. This type of dredge is to be installed by tho Shotover Consolidated (Limited), a new company that lias secured approximately nine miles of claims of the famous Shotover river, and will dredge this wonderfully rich patch with the.latest scientific methods and equipment; . Tho company already has been registered, and it will commence operations at an early date. Tho promoters themselves have so much confidence in the enterprise that they havo taken up 17,000 £1 shares, and have paid this amount in cash, thus ensuring tho flotation of the company. Twentythree thousand £1 shares are now being offered to the public at par, 2s on application, 2s on allotment, and the balance in calls not exceeding 2s per share at intervals of not less than one mouth. The company is in no way .dependent on tho Kawarau scheme, _ and pays no tribute. As it is anticipated that developments in a certain direction will at an early date place a high premium on tho shares, intending investors are-advised to make immediate application. There is only a limited number of shares available; and as they are being taken up freely applications will close at any date. It is the most attractive mining proposition that has been offered the public for many a long day. Copies of prospectus, with full particulars, may be obtained from recognised sharebrokers any branch of the National Bank of New Zealand, or direct from R Finch secretary, Shotover ' Consolidated (Limited), Thames street, Oamaru.—6