QUARTZ-REEFING IN TASMANIA.
j , .-he Hobart uonsuspoadM-.t A the j |“yduey Mvening Hmald imL touts iuV.jteictou particular* of the .1 • ary* - •hi.i.V’ t“ ~ iuiett'i&f / 'Ai.atz re»; ; ..g'ao» :r Dannuestita, na., - j T 'j • fnott " first '**«•'» Cr .yd it,, from whitv Wfc . Ujj.rj hi*, reefs ha .- brri, \ oj/eueo , r , and cdeV-fleut earn pics Lav- b,u-. As, for iastanche fo.’oß jj,,. ‘ln ..s>nnection with thtsa tuiacs -amplea have in qercral ea-urs at 'Le r»to of i less than 4i'ox to f- oz to thy ton, while «u m-r'Ei f 1 .'ittin.-ilidir duz Add s jz t’> the ton itjfro V>«an obtained Now, ..... Great I' lbiaai, if’i ,i A. FJorunco Mghtingalc f oi.iparr es, at Beaconwtietd, have . both crsi»' ed ,i tilt’ ,-al i t i ever 2oi: to the U>n, in vary large qva-.ititles. Lasrkjaturday, the result uf 'die latest crushin,;.aO: these ;.w conipii.nes was brought into LaMocestou lu fha shape ot two fks* 'J • god, which ogc-thar weighed 3«.750z, or sJcwc tor U'-'b. w-.ytb L 14.528. The directors of the Great Tasmanian next day declared a dividend of L 3 a share, making a total of L4l a share, or L12d,000. And the mine was bought by the six men who own it for L 5 JOO odd 1 About one«half of the shares are held by Mr W. Hart, M.L.A, who, if the yield only continues at thid rate, will receive some L50,00()' a year from this single venture, and there is every prospect of an indefinite continuance of these splendid results. As far as can be judged from appearances and such trials as have been wade, several of the companies that are now preparing to crush, such as the Royal Tasman, Victoria, aud bo forth, will pay equally well.” And again :—“ At North Mount Cameron, where such extraordinary rich reefs have been discovered, the progress is remarkable, and the Mount is a hive of mining industry. Nine months ago it waa a sheepwalk.” When we remember how uneventful aud regular, not to say sluggish, has been the course of development in Tasmania in recent years, the excitement caused by this dawn of a new era of enterprise and discovery is not to be wouderai at.
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Bibliographic details
Manawatu Standard, Volume 1, Issue 111, 10 June 1881, Page 2
Word Count
366QUARTZ-REEFING IN TASMANIA. Manawatu Standard, Volume 1, Issue 111, 10 June 1881, Page 2
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