AUSTRALIAN MINES
SYDNEY. August 13.
The Mount Balfour copper mines, Tasmania, have been sold to a group of Parisian financiers, who are forming a French company with a capital of £1.100,000. Connected with the scheme is a novel immigration project. The Tasmanian Government is granting 40 acres of land to each approved immigrant. The company will assist the immigrants for the first three years, while the immigrants will assist in building the company’s railway, cutting the timber, and handling certain agricultural undertakings. The Mount Oxide mines, Queensland, have been sold to a powerful LondonAustralian group of financiers, supported by the Consolidation mines of South Africa. The capital will be half a million.
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Bibliographic details
Otago Witness, Issue 3101, 20 August 1913, Page 23
Word Count
112AUSTRALIAN MINES Otago Witness, Issue 3101, 20 August 1913, Page 23
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