REVIVAL OF MINING.

Thames Star, Volume LXIII, Issue 17661, 12 August 1929, Page 5

REVIVAL OF MINING.

PROPOSED DEVELOPMENT CO. ASSISTANCE PROM OUTSIDE. ACTIVITY AT WAIHI. "Whet he thought was likely to bo •done locally in regard to the formation cf a prospecting and development company to assist in the fuv--ther investigation of the "Waihi goldfield was asked of the president of tlie chamber of Commerce (Mr. J. B. Bcecho) on Tuesday afternoon, following the publication in the “Telegraph’ of a circular letter to leading •citizens and business and mining men cf the district from .the Mayot <Mr. W. M. Walnutt). Mr. Wallnutt hue called a meeting to be held on Saturday evening for the purpose of considering the proposal. What Auckland Owes Town.

Until something definite was tut forward, said Mr. Beeclie, it was imncssible for him to venture any opinion on the subject. No doubt the "Mayor would further enlighten them on Saturday evening, when it vas lioped that" there would be a good muster to consider any suggestions that were put forward. Waihi was hy no means a wealthy community, "hut if citizens had sufficient faith in the future of the industry to subscribe to the best of their power towards fostering the mining industry ft would undoubtedly encourage the Government to take steps to assist in -the portable bringing about of a vert vial that would mean a great deal mot onlv to the district, hut also to ihp whole country. Possibly, continued Mr. Beeche, some of the Auckland firms which did large business with Waihi might he interested, ftwas certainly up to them- to do something; not only hecatvse they in a •sense owed it to the district in view •of the huge volume of trade they had clone in the past, but also because the cessation of mining would mean a -very big drop in their annual profits. "Some of the. big Auckland clothing firms, for instance, must sell very many thousands of pounds worth of goods to local shopkeepers annually; and surely it was worth their while "to do their best to ensure a continuance of this trade.

Expert Report Wanted.

Of course one would not expect ■people to invest money blindly, but if 1 the Director , of Geological Survey, Dr. Henderson, were to confer with local experts ami decide that certain areas were worthv of investigation they would'have something to go on; something tangible on which to ask for assistance. But as he had said before, concluded Mr. Beeche, they would have to see first what the Mayor proposed to put forward. In the meantime the secretary of the chamber (Mr. .T. Whitehead) and he would urge fellow members and others .interested to be present.— "Waihi Telegraph.