SIR WESTBY PERCEVAL ON NEW ZEALAND MINING.

Greymouth Evening Star, Volume XXXI, 29 July 1901, Page 4

SIR WESTBY PERCEVAL ON NEW ZEALAND MINING.

Sir Weatby Perceval (writes our London correspondent under date June 13) has been expressing his opinion with reference to New Zealand mining. In answer to an interviewer he said “ I visited all, the chief mining centres when I was out there. Withregard to the Thames, that district is absolutely dead ; in fact, the injudicrous expenditure of mining capital on that field has been the ciief factor in di“erediting New Zealand mining in the London market. The Waihi, however, is one of the biggest and most successful mines in the southern hemisphere. It is a magnificent property, containing one of the largest bodies of ore to be seen anywhere. The Reefton group of properties belonging to the Consolidated Goldfields of New Zealand are also doing well. A large amount of money has been expended there ; in fact close upon a quarter of a million sterling. This company has throe producers already, and a fourth is coming on, what I be ieve will be an era of prosperity. Of course, local interest in mining is chiefly centred in the dredging. That is a very large industry now, both in Otago and on the West Coast. It is chielly worked by local capital, and has a great future before it. The money required for the operations is not large, and all that is needed to prosecute them is readily found in the colony.