Gold search called off
NZPA. Leeuwarden, (Netherlands) An international salvage, consortium • yesterday called off a search for the reported vast gold cargo of the British' frigate Lu-, tine,-, but said it intended to resume the. hunt next ’ year. . -///'■://■; The seven-week search, masterminded by two New ” Zealanders, had yielded no gold, said a spokesman for the consortium.
A salvage crew working from'an oil rig supply
ship, had been scouring an area off the Netherlands North Sea island of Terschelling where the Lutine is believed to have sunk in 1799. The Lutine was reported to have been carrying a cargo of gold from British bankers for merchants at the German port of Hamburg. \ .= Estimates of the present, value /Of the bullion have ranged as high as SNZ47 million. 1 ' The New Zealanders,
Lyle Mortimer, a businessman, and Kelly Tarlton, a diver, have drawn up an agreement with Lloyd’s of London — which paid out the original insurance on the wreck on sharing out the proceeds of a successful salvage. ■ The spokesman said the consortium; of 12 hoped to have better, weather for next year’s 'attempt. Storms had reduced the: number of possible working days this time by twothirds, he said.
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Press, 13 August 1980, Page 6
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197Gold search called off Press, 13 August 1980, Page 6
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