MINING AT COROMANDEL.
(By Telegraph.) Wellington, Dec. 13. The Conquering Hero of Coromandel is the third company which has been floated m consequence of the promise of a Government subsidy to the Kapanga Company. This subsidy, £1000 m amount, was voted oa condition that a company was formed m England with a capital of £20,000. The subsidy was to be paid at the rate of five per cent, on the expenditure incurred m further sinking of the shaft m order that the low j level might be properly tested.
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Bibliographic details
Timaru Herald, Volume XLIII, Issue 3807, 14 December 1886, Page 2
Word Count
89MINING AT COROMANDEL. Timaru Herald, Volume XLIII, Issue 3807, 14 December 1886, Page 2
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