“Utter Fallacy.”
THE GOLD GAMBLE. AS AN ENGINEER SEES IT. Reference was made in one of the papers read at the power board engineers’ conference at Wellington to the possibility of a big development in gold mining in New Zealand, with a consequent big demand for electrical power. One Wellington delegate was not impressed with the virtues of gold mining as a first-rank New Zealand industry. “Surely the jvorld Ts going to wake up soon and see the utter fallacy of spending millions in digging gold out of the ground and spending more again in the process of putting it underground again where it cannot be reached and cannot be used,” he said. “Gold mining has always been regarded as a speculation, and to-day it has become an appalling speculation. I sincerely hope that New Zealand is not going to rely upon building herself up on the* gold-min-ing industry.” .
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Thames Star, Volume LXV, Issue 19211, 18 September 1934, Page 3
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149“Utter Fallacy.” Thames Star, Volume LXV, Issue 19211, 18 September 1934, Page 3
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