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King Country Chronicle, Volume XXVI, Issue 3446, 22 March 1932, Page 8

The need for some way of protecting the public from wild-cat gold mining schemes was stressed by Mr. R. T. Stewart, a mining engineer of Dunedin, who is at present on a visit to Wellington, says the, Post. He suggested that no company should be allowed to solicit the support of the public until the claim had been approved by an advisory board on which the Mines Department was represented. The ground would have to be properly prospected, and would have to bear indications that, given proper methods, it could be profitably worked for some years. The suggested advisory board would take no responsibility of the floating or subsequent operations of the company, its part being merely to protect the public against the launching of goldmining schemes which were doomed to failure from the start.