THE CHAFFINCH BOOM.

Dominion, Volume 4, Issue 1082, 22 March 1911, Page 5

THE CHAFFINCH BOOM.

ALLEGED MANIPULATION OF THE MARKET, By Telegraph—Press Areociation-Copyrielit Perth, March 21. A Crown Law dobts action against E. C. Dyason, E. W. Bonwick, and Harold Greenway, recently arrested in connection with the Great Chaffinch mine sensation, has commenced. Tho accused are charged with conspiring with others to affect, by deceit, the price of Chaffinch shares. Great interest is being taken in the case, the Court being crowded. In a telegram to the directors of the Great Chafiincii Company at Adelaide on December 12, Mr. Grut, a mining expert, who had been 6-ent to inspect tho company's property on the Bullfinch field, said the highest assay of ore found within lft. Gin. of tho spot where Mr. Arthur had made his rich finds was 2dwt. per ton. Ho added: "A greenstone outcrop is practically all over tlvo lease. Nothing payable has bsen met with as yet. No reasonably promising lode of reef was found. Very little is really known yet of the main geological features of the field. On account of this it is impossible at present to form any reliable judgment respecting the future prospects of your property, on which but little work has b:en done. I should advis-e systematic costecning operations and sinking a shaft, driving. and cross-cutting, to prove tho formation. The recent absolutely unwarrantable rise in shares, it ap'prars, was caused by the injudicious publicity, to Mr. Arthur's find."