IRON DEPOSITS.
AN INFANT INDUSTRY. A return presented to Parliament yesterday states that tho amount of iron deposits in the colony, other than iron sand, i.i estimated nt 01,200,000 (metric) Th'o deposits aro on Crown land at Para para, Nelson, head of Waitaii"j ']{." May of Islands, and on portion "of the Yates Estato at Kerr Point, near North Cape. There are two leases existing at Parapara. The lessees of one area have for several years kept men- employed making roads and a tramway, and have also built a wharf to comply with Hie conditions of their lease. It is now understood they are endeavouring to arrange for the necessary capital to commence operations to actively develop the doposits. It is reported that tho lessees of tho other area have, floated a compnny in England to develop their particular area. In tho event of these companies showing a lack of sufficient enterprise in giving effect to the terms of tlieir leases, it may bo found necessary for the Crown to resume possession of the areas, in which enso tho Government will consider the advisabloness of entering on the manufacture of iron as a State enterprise. Tho imports nf iron to New Zealand in 1910 totalled 539,203 tons.
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Dominion, Volume 4, Issue 1210, 19 August 1911, Page 13
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206IRON DEPOSITS. Dominion, Volume 4, Issue 1210, 19 August 1911, Page 13
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