Page 4 Advertisements Column 3

Hawera & Normanby Star, Volume LX, Issue LX, 1 November 1910, Page 4

Business Notices. SEE A PROSPECTUS. SEE A PROSPECTUS. ' SEE A PROSPECTUS. A UNIQUE PROPOSITION A UNIQUE PROPOSITION A UNIQUE PROPOSITION BEING FLOATED LOCALLY. BEING FLOATED LOCALLY. BEING TLOATED LOCALLY. OKARITO GOLD RECOVERY CO., LTD. CAPITAL £13,000 Cost of plant approximately £7000: Annual working expenses (including £700 for maintenance and depreciation) £4600. PROVISIONAL DIRECTORS: G. SYME, Timber Merchant, Hawera. R. W. FOREMAN, Settler, Hawera. W. C. PHILLIPS, Farmer, Inaha, A. S. TONKS, Farmer, Hawera. A. T. WILLS, Farmer, Hawera. W. O. WILLIAMS, Farmer, Hawera. F. W. WILKIE, Farmer, Hawera. Solicitor : HERBERT HALLIWELL. On the West Coast and Westland alluvial mining of free gold by old methods returns large profits to wellmanaged concerns. An extract from the Westport Times of the 21st November, 1905, referring to the trial of the plant, states: — "An official trial of the new gravel pumps which have been put into the dredger Rubi Seddon was made yesterday. The chairman, members, and officials of the Board, with a good many leading Westport citizens, attended the trial, and it was admitted by all that the Rubi Seddon now fills all requirements as, regards being able to considerably deepen the river and bay, irrespective of the material to be dealt with — that is, sand, gravel, or boulders. The, gentlemen who saw the dredger's compacted hopper full of boulders, gravel, and sand discharged about one mile north of the bar, expressed their pleasure and surprise at the load dealt with, which -equalled at least 500 tons. The Rubi Seddon is now capable of dredging and discharging at sea a quantity of 500 tons per hour, and making all allowance for delays, which will always necessarily occur, she should deal with at least 3000 tons of materials every full working day of eight hours. The Westport Harbor Board and its officials are to be highly congratulated in having procured a first-class up-to-date machine to deal with the ever-varying depths in the Buller river and its outlet. The class of pump now fitted into this dredger (manufactured by Messrs Thompson and Co., of Castlemaine, Victoria), have been used in Australia as fixed pumps for lifting wash for gold mining purposes, but have never before been used with trailing suction pipes for marine work, and now it has been proved to answer the purpose admirably." The leading article in the Grey River Argus, published at Greymouth, aid dated 20th September, refers to ll>o Okarito Gold Recovery Co.'s venture . s follows: — "There would seem to be • o | reasonable doubt that all the delta ! • -1 from the five mile beach to Commit i> uers' Point was the result of a !i<\g period of glaciation and the subseouunt action of rivers. Consequently there is good reason to believe that every acre of the Okarito lagoon should be gold bearing. . . . At a shilling, a load, which ought not to be regarded as either rich or poor, the dredge ought to bring to the surface £54,000 worth of gold in the year." Estimate of possible earnings based on 150 tons per hour, 24 hours, 6 days per week for 50 weeks (the makers claim an efficiency of 250 tons per hour) : — Value Value of gold Amount of gold Amount per ton per per ton per of wash. annum. of wash, annum. 2d £9,000- 9d £40,500 3d £13,500 lsOd £54,000 4d £18,000 Is6d £81,000 5d £22,600 2s Od £108,000 6d £27,000 Making such allowances for quantity treated, and value of gold per ton as subscribers may themselves estimate, the profits should be enormous. As indicating how rich in gold was the locality, the Hand Book of New Zealand Mines, page "141, quotes that from the 23rd February to the 19th May, the gold export from Okarito was as follows: — o&s. ozs. Feb. 23 ...4000 April 8 ...2000 March 9 ... 1750 April 18 ... 5267 March 19 ...3430 May 2 ...4082 March 26 ... 1350 May 13 ... 3613 April 1 ... 2573 May 19 ... 1000 I J AME'S I & GILLMAN. AUTHORISED AGENrS. 1 HAWERA.