GOLD RUSH RECALLED

Press, Volume CV, Issue 31007, 12 March 1966, Page 18

GOLD RUSH RECALLED

Investigations By Planet

(N.Z. Press Assn. —Copyright)

MELBOURNE, March 11.

Nine thousand square miles of the old Victorian goldfields, scene of the big gold rush of the 1850 s, are being investigated again by Planet Mining Company Pty., Ltd., a whollyowned subsidiary of Planet Oil Company N.L.

Most of the mines were flooded and abandoned as a result of the manpower shortage in World War I. Planet’s chairman (Mr J. G. Fuller) said that a proper study will be made of old gold mining records, followed by diamond drilling of the licence areas.

Planet has appointed John Taylor and Sons, of London, as its gold mining consultants.

The Planet concessions cover the Ballarat East goldfields, the Trentham-Black-wood belt, the Taradale-Lausiton-Malmusbury belt, the Pyrenees (St. Arnaud-Avoca-Beaufort) belt, the WalhallaWoods Point belt, the Omeo district and part of the Cas-silis-Haunted River belt.

Myer Interim Unchanged

(N.Z. Press Assn.—Copyright)

MELBOURNE, March 11.

Myer Emporium directors have announced that an unchanged interim ordinary dividend at the rate of 7i per cent per 50 per cent stock unit absorbing 2,210,059 dollars has been declared payable on May 12. The payment includes a dividend on ordinary capital increased by the units exchanged for recently acquired shares in Myer (S.A.) Ltd.