Thc Thames correspondent of the Timaru llcrnl.il writing from Grahamstown under date the 21) th November, says Little or nothing in the way of speculation has been done on this field for the past fortnight, and the returns from the different batteries have (except in the cases of two or throe well-known and dividend-paying companies) been below the average. The public have been a great deal too sanguine, and have estimated the value of their claims in most instances at a fictitious figure, thereby shutting out Victorian and New South Wales speculators, who were far too long-headed and experienced to take the same view of the subject, and who have not invested as yet to any great extent. As the summer advances, I expect to see a great improvement in the returns of gold from the Held, as well as in the class of people who will have the management of mining Affairs here.
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Bibliographic details
Cromwell Argus, Volume I, Issue 6, 15 December 1869, Page 5
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154Untitled Cromwell Argus, Volume I, Issue 6, 15 December 1869, Page 5
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