PUMPING OF THE WAIO-KARAKA.

New Zealand Herald, Volume XIII, Issue 4480, 23 March 1876, Page 3

PUMPING OF THE WAIO-KARAKA.

THE AGItKEMKNT, COMPLETED. '~ "We are glad to say that yesterday the agreement'with regard to the'resumption of pamping operations at the Waio-Karaka dig; tricfc o£ the goldfield was completed. Work Tfill at once be re-commenced, and-we hope WO may say that a now era will be in- ' augurated for the goldfield. The difficulties connected with the agreement have been immense, and we give credit to those gentlemen who have shewn great patience in the matter, and have at length brought all Dirties to an agreement. The works are to be managed by Mr. Howe, Mr. Hicks (manager of the City of London), and Mr. MeCabe (one of the shareholders of the Queen of • Beauty). The pumps are to be kept going for sixteen weeks, and if at the end of that time it is manifest they are sufficient to keep down the water, the three companies—the New Bright Smile, the City of London; and the Queen of Beauty—are to pay off the Loan Company's mortgage. If the pumps are proved to be insufficient for the wot'' in the Loan Company will have to ta)' session of the plant. Work will bs - -ned to-day, but as certain parts of the pumping machinery have to be put together, it may be next week before pumping is actually commenced, io take : the water from the ground will task the full strength of the pumps for a good many weeks, and till that time no work can be done below. However, we are glad that the vexatious delays and disputes which have done so much injury to the field are at last at an end.