GOLD WITHOUT GUESSING

Southland Times, Issue 19823, 20 March 1926, Page 8

GOLD WITHOUT GUESSING

GOLDEN TERRACE EXTENDED GOLD DREDGING COMPANY, LIMITED. NOW BEING FORMED TO DREDGE THE SHOTOVER RIVER. A feature which is making the Golden Terrace Gold Dredging Company, Limited, so attractive to investors is the absence of guessing about the estimated earnings of the proposed Company which are conservatively set down at £64,800 annually. This amount is based on the actual figures put up by an old Dredge which prospected the Claim in 1898. Though the old dredge was most inefficient (having done many years’ previous service) an average of sixpence per cubic yard was maintained through the prospecting cruise. This certified amount has been used to compute in a conservative manner the earnings of a new dredge. That the old dredge lost 50 per cent, of the fine Gold has been disregarded, as well as the fact that it was not powerful enough to reach the most valuable deposits of Gold ffhicli itrij sink to the lowi levels, Il (ill II flinlJ Ml 4 if ■ estimated as assured earnings will be nearer the mark. In addition there is the great probability of striking rich finds (for which the Shotover is noted) and making record dividends as well as sending share values soaring like a rocket—one rich find alone will be sufficient to do this; as much as 600 ounces have been obtained in a few days from the banks of this river (vide Government Statistics). As an investment, the Golden Terrace Extended Dredging Company, Limited, is unique. Applications for prospectuses and shares should be made without delay to the Secretary, 52, Esk Street, Invercargill.— (Advt.).