Special Features

NZ Truth, Issue 1063, 8 April 1926, Page 8

Special Features

The present owners of the Dredg- 5 ing Clahn. and tho valuable Hy- E dro-electric Rights will receive no S cash— they know what the Com- 5S pany will do, and are/ taking 5 shares. . . 5 The Company's operations, will j§ not be dependent on ; or m any 53 way affected by the Kawarau E Scheme.. No tribute is payable E to any other company or syndi- y» cate, and all gold won will be E i: the absolute ; of ' the ; E shareholders. 1 ; : .7" S ' ; ' ' . ■''.■• \- '" ■■■•'■' ■ - '-■ ■".' • S • The; Shotdver River is, recognised s as the main source of gold supply S ' ; to', theHKawarau'rßivery-rit is 1 i bo- 2 ■41qW where-the Shotov enjoins rthe S - Kawarau ; that gold is fouiid m S the latter river. 5 -Records of the Old Dredge which 5 ■ prospected thre Claim m 1898 s are S open- for inspection at the offices « . of the Company's solicitors. 3 The area worked by the old pro- S specting Dredge was 7J acres, .'- a ' and gold to the value of £6,785 j» was secured, averaging 6d per S , cubic 'yard- of wash treated. 5 These returns -were established S by an old dredge, that lost over S . half the fine gold through leaky S buckets, and which -was not 5 powerful enough to reach the s ' lotfer and richest deposits. But j5 taking these figures to estimate ~ the conservative earnings of the s New Dredge (without rich finds) s will give an annual" sum of S £64,800. This is a. most consor- S vative sum, and it will be a mat- 5 ter of surprise if this sum is not 5 . doubled. > ; j-j ,In addition, 'there is the great 5 ? probability of phenomenal divi- 5 • dehds when rich deposits .are = struck over and above the as- s - sured earnings.;. . ;; „■: s