BIG DEVELOPMENTS
GOLD MINING INDUSTRY. HINT FROM MINISTER. AUSTRALIAN CAPITAL INTERESTED (By Telegraph.—Press Association.) PALMERSTON N., Friday. “There is £1,500,000 of Australian capital waiting to be invested in gold dredging on the West Coast of the South Island. The opportunity is too good to miss,” stated the Hon. R. Semple, Minister of Public Works in an interview to-day. He added that after a short rest in Wellington he would travel to the South Island with the Hon, P. G. Webb, Minister of Mines, and they would go into the question of opening negotiations, assisted by Information obtained from the results of boring in the Kumara district. One of the largest dredges of its kind in the world would he built, said Mr Semple. He was anxious to get this capital into New Zealand and would not waste any time. He conveyed a bint- of big developments pending in the gold-mining industry on the West Coast.
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Bibliographic details
Waikato Times, Volume 118, Issue 18764, 20 December 1935, Page 8
Word Count
155BIG DEVELOPMENTS Waikato Times, Volume 118, Issue 18764, 20 December 1935, Page 8
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