THE EGYPT'S GOLD

Press, Volume LXVI, Issue 20025, 5 September 1930, Page 11

THE EGYPT'S GOLD

PROGRESS OF SALVAGE WORK. SILVER FROM DINING-ROOM. (T7WITED PRESS ASSOCtATIOH— B* BLECTBIC TBT.BUI!APH—COPYRIGHT.) LONDON September 3. A message from Brest states that salvage work on the liner Egypt was facilitated by the calnt sea Already the divers have removeu deck-plates and entered the captain's cabin, from which they will bring up his safe. They also entered the diningroom, recovering the silver. The divert hope soon to reach the third deck, where the strongroom is situated with its gold ingots in registered mail packets. [The P. and O. liner Egypt was sunk in a collision in a fog on May 21st, 1922. The French cargo boat heme struck the liner while the Bombaybound vessel was still toff the const of FinLterre. Fortunately, the Egypt, a vessel of 7741 tons, had only 44 passengers on board, being due to call at Marseilles next day in order to pick up her full complement. Of the ship's company of 29i, 210, including the captain, were saved, while 29 passengers also reached shore. They told ol panio among the Lascar crew, the men rushing the boats and preventing the women and children from getting into them The Egypt's purser stated that the vessel, whicn was struck amidships, was stationary at the moment of the collision and was sounding her sirenAccording to the reports at the time, the value of gold and silver shipped from England to Bombay tn the unfortunate vessel was £1,054,000. Gold bars were valued at £674,000, gold coin at £105,000, and silver bars at £215,000. Since , the bullion and specie lay in 65 fathoms of water, salvage was not deemed possible. The lose was said to be one of the heaviest lhat ever fell upon Lloyd's underwrite.] OTHER PROJECTS MAY BE UNDERTAKEN. LONDON September 3. The success in discovering the Egypt has persuaded the recovery companies to mate other searches, and thus it is estimated that £10,000,000 which has lain in Navarino Bay for 10U years may be salvaged- Tests of the Peress diving suit are so promising that it will be used in a renewed endeavour at Navarino Bay. Peress is now testing his suit in Loch Ness (Scotland) at a depth of 135 fathoms and believes that he can reach 250 fathoms '*nd still move the oil joined antennae in the ea-siest manner -The shins Persia and Arabia, which were submarined in the Mediterranean in war time with more than £1,000,000 aboard and three Spanish galleons, lying bullion-laden in Vigo also may be brought within the possibility of recovery.