GOLD DREDGING INDUSTRY.
Gor.D-DiiEDCiiNG is certainly “ a taking industry.” We have only to look at the last returns issued by the Otago Stock Exchange to have proof of this. From a carefully compiled return we find that daring last year G 2,275 ounces of gold were obtained from 45 working dredges. Of that 45 machines, 28 costing £202,652 paid dividends aggregating £100,211, or 50%, while the 17 which did not pay any dividends cost £125,000. Puting the cost of the paying and non-paying dredges together, we find the total to be £327,652, and dividends £100,211, a net return of 81%. Truly a marvellous industry is gold-dredging.
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Greymouth Evening Star, Volume XXXI, 18 February 1901, Page 2
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106GOLD DREDGING INDUSTRY. Greymouth Evening Star, Volume XXXI, 18 February 1901, Page 2
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