MINING NEWS
Per Pisss Association.
DUNEDLN, October 30. Dunedin Exchange sales : Fourteen-Mile Beach, -12s. Golden River, 5s 6d.
Kelly and Casey, 7s. Leaning Hock, IGs. Meg and Annie, lis 6d, lis. Molvneux Kohinoor, 8s dis. Nelson Creek, z?Bs. Rise and Shine, 10s 6d. Boyal Maori, 13s, 12s 9d, 13s. Otago "Exchange— Gold King, 6s. Mokoia, 15s sd. The Glenrock mine obtained for Oc--tober 106oz 3dwt from 180 tons stone.
The Sixteen Mile Beach dredge is stranded on an island one mile below Roxburgh. The pontoons have broken up, and the engine is just- visible from, the shore.
The •particulars to "hand regarding the disaster are conflicting. There was a caretaker on board for the company, also a. young man named James Austin, who was looking after the interests of the Dunedin Engineering Company. The dredge sunk or broke away last night at 11 o'clock. One of the pontoons, after travelling through the Alexandra-Roxburgh Gorge, was stranded about a mile below Roxburgh. The'machinery had Tjeen swept off Tiy the current, which must have been very I strong, as the river was 15 feet above the normal mark. Tt was -reported that Austin,, who was on "board, had been drowned, but a late special to the "Otago Daily Times" to-night says that the caretaker alleges that Austin was not drowned. The company had just made financial arrangements with the contractors and others by mortgaging the dredge, and was waiting the deeds being registered. The or-iginal-subscribed capital was £6500, since -which T7BO preference snares nave been issued. All that is left +0 represent this is the claim. There was no marine insurance on-the dredge.
Permanent link to this item
https://paperspast.natlib.govt.nz/newspapers/THD19011031.2.26
Bibliographic details
Timaru Herald, Volume LXXV, Issue 11593, 31 October 1901, Page 3
Word Count
271MINING NEWS Timaru Herald, Volume LXXV, Issue 11593, 31 October 1901, Page 3
Using This Item
No known copyright (New Zealand)
To the best of the National Library of New Zealand’s knowledge, under New Zealand law, there is no copyright in this item in New Zealand.
You can copy this item, share it, and post it on a blog or website. It can be modified, remixed and built upon. It can be used commercially. If reproducing this item, it is helpful to include the source.
For further information please refer to the Copyright guide.
Log in