PROSPECTING IN WAIHI
ENCOURAGEMENT URGED INDUCEMENT TO COMPANIES f , 1 [RY telegraph—OWN correspondent] WAIHI. Thursday The encouragement of prospecting in the district was urged by the Mayor, Mr. W. M. Wallnutt, at the meeting of the Wailii Borough Council last evening, when an application for tho reduction of rent from 5s to 2s 6d an acre . was under consideration. . Mr. Wallnutt said that if such enterprise were to be stifled there would bo no revenue at all. Tho most important aspect, in his opinion, was that the future of Wailii as a mining centre depended principally on the development of those areas outside the boundaries of tho Wailii and Grand Junction properties. Geophysics had opened lip activities in a new phase of prospecting, and he had no hesitation in saying that the recent comprehensive survey made of the Wailii field by tho department would prove a means of inducing companies and syndicates thoroughly to prospect the areas around by drilling, shaft sinking, and tunnelling. He thought tho council, as representing a mining community, should give every encouragement in such enterprises.
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New Zealand Herald, Volume LXXII, Issue 22225, 27 September 1935, Page 14
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180PROSPECTING IN WAIHI New Zealand Herald, Volume LXXII, Issue 22225, 27 September 1935, Page 14
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