TONS OF GOLD.

Press, Volume LXII, Issue 18672, 22 April 1926, Page 10

TONS OF GOLD.

—■ ♦ ■ : WAITING TO BE LIFTED. While the records of the old dredge which prospected the "Golden Terrace" Claim on the famous Shotover River hi 1898 can be. accepted for estimating earnings of a modern dredge on a conservative basis, they fall very short of what will be done with a modern dredge of the powerful type that will be built by "The Golden Terrace Extended Gold Dredging Co., Ltd." While the old figures establish beyond doubt returns that will alone pay handsome dividends, they fail for several reasons to give even an idea of the colossal wealth that may -be won once | dredging operations commence. To start with, the old dredge could not j reach down below 13 feet—not nearly { far enough to reach tho richest deposits of gold which always sink to the lowest level. Over and over again in the old days you heard the opinion—"Tf we could onlv get to the bottom we would get UNLIMITED GOLD!" There has never been any doubt that the gold is there—literally tons of it—and the .modern dredge will get it. Then much of the fine gold was lost through, what are to-day, crude recov- I ery methods. Again, there was the cost of operating. While the old dredge could only handle a third of the material that will be handled by the new electrical dredge, the operating costs were thre« times greater than they will be to-day. Coal alone cost £45 a week, and in addition, three shifts of engine-drivers and stokers had to be employed! It is impossible to fully estimate the enormous richness of the bed of the Shotover River, but returns should eclipse all previous records. For this reason, those who buy shares now will be the ones who will make the big monev. As an investment, The Golden Terrace Extended Gold Dredging Co., Ltd., is unique. Three distinct sources of revenue await all who invest: (1) The returns from the fine gold which is diffused throughout the bed and banks of the Shotover; (2) The returns from each rich deposit as it is found, and (3) the returns from increased share values. The steady demand for shares, which have already passed the allotj ment mark, make it desirable that all applications should be sent in' as soon i as possible—if you have not yet obj tained. a prospectus, do so to-day— I call on the Local Brokers, J. S. Day ■and Co.. National Chambers, 161 HereI ford street (opposite Union Steam Ship ! Company). Christchurch. If out of town, write. —lO i ■* I