GOLDMINING REVIVAL
“WILD CAT” SCHEMES ‘'Goldmining appears to be playing an important part in world recovery,” remarked Mr. Henry Horton, of Auckland, on his return from a visit to England. “There is plenty of capital avail,sole in London for any New Zealand proposition that is sufficiently developed to justify a report by good engineers. Loud complaints are made, however, about hopeless and undeveloped propositions that ‘are put up from time to time. New’ Zealand people must provide the money lor the preliminary development before thinking of going to London: A large low grade proposition was being offered in London .when I left, with glowing reports of its possibilities, but one re. sponsible firm had had it examined and tlie report was that there were only traces of gold in a so-called large reef formation. The London public has been gulled so often in the past that, it is no: In the mood to adopt any ‘Wild cat’ scheme
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Bibliographic details
Poverty Bay Herald, Volume LX, Issue 18255, 25 November 1933, Page 4
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158GOLDMINING REVIVAL Poverty Bay Herald, Volume LX, Issue 18255, 25 November 1933, Page 4
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