SEA BOTTOM FORTUNES

Taihape Daily Times, 20 February 1918, Page 6

SEA BOTTOM FORTUNES

There are fortunes lying undermeath the sea in the holds of torpedoed vessels, and many minds are busy on the problem of recovering this wealth after the war. ‘ f Salvage companies are laying plans for raising both ships and cargoes on a big scale/ ’ said M. R. H. Davies, managing director of Siobc, Gorman and Co., submarine engineers, London. “ Cargoes to the value of millions of pounds arc awaiting recovery. Apart from the bullion and silver in Sunken ships, there is a large quantity of other valuable metals. In many cases where ships cannot bo raised, cargoes can be salved. Wc recovered £70,000 in Spanish gold coins some years ago from the Alphonso XII, 165 feet under the sea, off Point Gando, Grand Canary. "\Vc also recovered a large quantity of silver bars at a depth of 186 feet from the steamer Skyro, off Cape Finistcrre. These operations show what can be done after the war.”