THE HIKUTATA FUND

Ashburton Guardian, Volume VII, Issue 1663, 15 September 1887, Page 2

THE HIKUTATA FUND

The assay result of the stuff found at Hikutaia are certainly such as to justify the belief that the proopecting whloh has for some time been proceeding m that portion of our goldfields has led to a valuable discovery. There oan bo no doubt that bad prospecting been more encouraged by the Government the mm* Ing industry m the Ooromandel Peninsula and the whole of the Thames district would never have fallen Into the languishing condition In which it has been for some time past. It is gratifying, however, to find that the miners have of their own aocord taken to this work, and that the outcome of their application has been such as to show the value of Buoh wock being atill further proceeded with. If anything !s to give an abiding impulse to enterprise of all kinds m this portion of the colony It will be a revival of the goldmlning interest, and the brightening proope'.t t which are discernible all over the gold-bearing districts are already beginning to exert a, favorable influence on various forms t f trade, and to oreate a feeling of hopefulnens m the community. With the introduction of foreign capital to work more efficiently the existing mines, the ascertaining of bettor methods of saving the precious metals, and this new discovery at HikiuaU, the dawn of a new era of prosperity may be detected, and it 1b only neooßaary to judiciously follow up the advantages which are pro* mined by these increased facilities to realise the expectations whloh may now be legitimately oherishe:'. With respect to the new field at Hikutaia, however, It will be highly important to prevent the ground being pegged off m too large areas, whioh would have the effect of restricting the energy and ardour of the mining population*