Wairarapa Daily Times. [Established 1874. TUESDAY, FEBRUARY 16, 1897. THE MINING REVIVAL.

Wairarapa Daily Times, Volume XVI, Issue 5560, 16 February 1897, Page 2

Wairarapa Daily Times. [Established 1874. TUESDAY, FEBRUARY 16, 1897. THE MINING REVIVAL.

It is impossible for one part of Now Zealand to prosper without the whole of the Colony sharing in its good fortune. Take the mining revival at the Thames for example, which has virtually absorbed the surplus labour of the North Island, fresh life lins been infused into trade throughout the Auckland Province generally, and in a measure the Wellington Province benefits by a neighbour which is becoming richer.

Already New Zealand feels the mining spurt, and it is pretty certain that tho Colony is only at tho beginning of a period, during which activity in mining developments will be of the greatest value. It is true that at the fountain Jipitcl, the Loudon market, there is depression in mining investments, but this arises from disappointments in Africa and possibly soma Ijtljo dissatisfaction with Western Australia. JJew Zealand, as yet, is in good favour with mining financiers, and money will bo forthcoming for investments in auriferous properties which are worth developing.

Tho lull in tho London market is expected to bo only temporary and when vnlues in mining ventures recover, Jfew Zealand will speedily slmi'B in tho Impioypd conditions of the market, Somo of tho (i|ist tinanciers in England, the Rothschild's and Hirsch's, have taken an interest in Now Zealand mining ventures and where men of this calibre lend, it is only a question of a litlta time for tlio big crowd of investors to follow.

I On the West Coast ws arp assured by an eminent expert, Mr Ziman, that there is a field of profitable mining of ut gemiine'cliaractei' which is waiting; to to wked. Mines, I which have bean already been successfully worked to a certain depth, can now bo extended to lower levels with a certainty of obtaining pnyable stone. Tho special diaguosis of these voiiliii'es indicalcs a permanent industry of groat y/iluc. New Zealand has usually Ijeen fortunate in always having at least one paying iron in tho fire. At tho present timo there is more or less depression in pastoral and agricultural enterprise, and things might go badly with us but for the mining revival. It is quite possible that when it becomes a little more pronounced it will throw off nil the depression which is experienced in tho Colony, ai)4 Hint seven fat years may succeed tho Joan ones that wo havo been journsying Ibrongli. Whether tbero bp. any Iruth or not in a seven years' alternation of good and bad times wo do not know, but we believo that New Zealand has now Ijpen 0" the down grado for a. considerable tjjp and that it is just entering upon an up one, thanks to the recent mining developments. . : :