AUSTRALIA’S GOLD

Evening Star, Issue 19021, 17 August 1925, Page 7

AUSTRALIA’S GOLD

INDUSTRY LANGUISHING AURIFEROUS AREAS STILL AVAILABLE Press Association —By Telegraph— Copyright Australian and N.Z. Tress Association. MELBOURNE, August 17. (Received August 17, at 10.45 a.m.) Mr Richard Hamilton, president ot tho Chamber of Mines in Western Australia, states that the gold mining industry in Australia is declining at such a ril to that unless something is done lo assist it not many years will pass before it will come practically to an cud. Hus might appear to the general public to bo “due xo the gold petering out, but the ratio of tho decline in the average grade of ore is not nearly so pronounced as tho falling away of the output. The figures suggest that Western Australia has tho greatest auriferous tirca in the Tvorldj t-bo belt in this bt«ito measuring 1,000 miles by 250 miles, while tlio“grade of oro at present being treaded averages about 12dwt to the ton, which is higher than in any other ore in the world, taking into consideration tho quantity treated. Tho mint and other authorities have como to tho conclusion that tho payment by tho Commonwealth Government of a bonus on gold for a definite term of years would have the desired effect of arresting the decline. . Proposals in this direction will accordingly be submitted to tho Commonwealth Board of Trade.