MINING JOTTINGS.

Lake Wakatip Mail, Issue 4011, 4 August 1931, Page 4

MINING JOTTINGS.

At a meeting of the Executive of the Mining Association, held in Cromwell on the 33rd ult. (says the Aiv gus) a considerable amount of correspondence from the Mimes Department and also from Mr C. H. McKay, solicitor, Queenstown, was read, relative to boring plants inquired about in connection with a mining proposition on the Crown Terrace.

The venture taken up by Mr D. C. Betts, on the Crown Terrace, was discussed, and particulars of boring plants available, costs of operating the plant and putting down a sufficient number of holes were place! before the meeting. While members, from the reports furnished, regarded the area as quite a reasonable mining speculation, and appeared individually inclined to financially support the venture, the association, at such an early stage in its activities, could not, as a body ,see its way to finance the proposition on the lines suggested. Eventually it was resolved —That while the executive regards the venture as a reasonable mining speculation, it cannot see its way to finance the proposition, on the lines indicated. At the same time the executive will hand over to the applicant all reports and particulars bearing on the boring of the area, and will give its support to any application for a subsidy in connection with the work.

Mr H. Sew Hoy, Queenstown, wrote approaching the .association in the direction of taking up the flotation of a big mining venture in the Lakes district. —ln connection with this it was left with the secretary to write pointing out that the association could not function in the manner indicated but would support any venture byprocuring any necessary data and representing applications for subsidies to the Mines Department, and fostering the industry in any other way.

Several letters were also received from Mr W. A. Bodkin, M.P., who stated that he would interview the authorities in connection with a suggested closing of the Kawarau dam.