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£5,000,000 TREASURE

ATTEMPT TO RECOVER WREC& OP GROSVENOR SOUTH AFRICAN VENTURE An attempt to recover the gold :uguts, diamonds ,rubies and monej worth £5,000,000 which, it is believed; he in the Grosvenor wreck off the coast of Pondoland, is being made, fays a message from Durban. A breakwater is to be built, aftoi which the contractors will empty the basin formed over the wreck which ib believed to be that of the Gros venor. It is admitted that the ven lure is purely speculative and that treasure may not. be found. When the vessel was wrecked on August 4, 1782, there were 150 pasotujjers and crew on board. Most of the passengers were believed to have had in their possession large quantities i>£ valuables, with which they wero returning home from the East Indies. Indies. Everyone is reported to have got ashore except the cook's mate, but no portion of the targo was saved.

According to reports the Grosvenor was tarrying 19 boxes of diamonds, rubier, sapphires and emeralds worth £517,000, 720 gold bars valued at £420,000, 1450 silver bars (unvalued) and specie to the value of £717,000. From information available, it if estimated that at to-day's world prices the treasure ■ would be worth £5,000,000.

Permanent link to this item

https://paperspast.natlib.govt.nz/newspapers/OPUNT19390210.2.2

Bibliographic details

Opunake Times, 10 February 1939, Page 1

Word Count
205

£5,000,000 TREASURE Opunake Times, 10 February 1939, Page 1

£5,000,000 TREASURE Opunake Times, 10 February 1939, Page 1

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