KAWARAU MINING SCHEME

Taranaki Daily News, 23 October 1930, Page 3

KAWARAU MINING SCHEME

AMENDMENTS TO LEGISLATION.

COMMITTEE'S REPORT TO HOUSE.

(By Wire —Parliamentary Reportei'.j ■ Wellington, .October 21. Amendments have been suggested to the Kawarau Gold Mining Amalgamation Bill by the Goldfields and Mines Committee of the House, which reported to the House to-day that it liaj heard evidence and had carefully considered the provisions of the Bill. It recommended that the Bill be allowed to proceed as amended. According to the deed drawn up between the°Governmeiit and the parent company on October 23, 1926, the company was required to deposit £lO,OOO with the Public Trustee upon trust for * the purpose of satisfying all claims arising in conneetio/. with the collapse of the dam, andMlie committee recommends that the Minister of Mines be given power to release any part of this money for the purpose of payiiiK ahd discharging debts/and liabilities fiieurred or to be incurred by the paren* company, including any liability to pay or transfer any part of the money and interest to the amalgamated There is a proviso, that not more thirti £6OOO. be paid until three months aftCr the Act has been passed and that witihin that period £4OOO shall be -available to satisfy claims for damages, coiiipeiisatmn or any other relief in respect of the use of the dam. The committee further recommends that it'shall nob be lawful for. the-dam to be used for mining operations uh- , less the . holder of the . license ■ for the dam has /deposited £lO,OOO with the ■ ■ PiiblicTPEUstee. but with tire consent Af the Minister .of Public Works, the hold-, er of the license may without, depositing thid AFnbunt use the dam for experimental .pifFposes or generally., for the . purpose ..pF,! investigating the ■ practicability* of'mining the river. . .•>_ ■ ; It is also- suggested that the Minister of Public Works, be. given power to impose 'any further conditions he thinks fit'when granting the transfer of the license, and that the amalgamated company shall not be entitled ,tp\ ■ ■ . close or open the dam or any other dam it may construct except as permitted by a special board constituted by Order-in-Council.,, ■ • i The committee‘also recommends that the licensee may be required to vest the piers and superstructure of the darn in ■ the Crown upon the expiration of the license.

PROFESSOR HORNELL TO REPORT. , By Telcsraph.—-BrasssAasoclation. ' ' ' Diii.rcdifr, October 22. A report on. the the mining of the Kawarau tp be prepared ■ ' , bv Professor Hornclb’njr-collaboration with Mr. H. .Wellingtdn. They will inspect the river immediately and'later deposit the report in Wellington./ - ' ‘ /