TREASURE IN THE SEA

Dominion, Volume 12, Issue 257, 25 July 1919, Page 9

TREASURE IN THE SEA

BPJTISH SALVAGE JCFFOKT. The bisspst trKisurc' hunt in the world's history is just beginning. Jfc is ii search for treasure buried at tho bottom of the seven seas.

NVver have the waves concealed so much wealth. -Thousand':: of ships with prci-ions cargoes have during Iho past vc-nis of war been sent to the bottom. Daw Jones's locker is full and brimming (■vur. ■ ■

"Will anrone salve these ships?" is a oucstiou every .man has asked himself at f.oiiio time or other. ' The answer- is "IVs."

In an office in Leiidenhall Street is an cijorsr'elic young officer just homo from France.- ■ He is managing director of Hifi All Seas Murine and Salvage Com-li-iriv Limited, lie is Major young, :i dame famous in the history of marine salvage, the son- of Commodore Young, who. till latelv, was head of the Admiralty Salvage Department. He sits surrounded with charts of many oceans and lists of war. wrecks. " .

•■"Before the war," hfe told a London ■■Rvening Standard" representative, "salvage was ehielly done by underwriters to iirolpct themselves. There were a fewsmall salvage companies, and a big German company, which practically had a monopoly.

"AH this is altered. -There are now llmusaiute of ships to be salvaged, and the Hun company is not going lo salve (hem. This company of ollts is the lirst bi» commercial concern of its kind. I'vcrv sea has jfrs wrcclc, and the sum total of the sunken wealth is enormous. I iiiu oft' to Murmansk soon to investigate t>.:, iinmunsb number of wrecks there." "You are confident of success?"

: "Absolutely. We have already got more work Urnn we can do. The Admiralty die withdrawing from salvage work .Hi is month, so as not to comneto with private Uritish etifot-prisc. The opportunities nte illimitable." ■ ■..•