GOLD DREDGING.
Greenstone J unction,— This dredge started work on Thursday last after a oa» lay of seven weeks of fine weather. The paddock hag now to be cleared of el» which has accumulated during thic period of enforced idleness. This wui take a few 'days yot. As soon as the hot of the wash is opened up steady and profitable return# are expected. Greenstone G. D. Coy.— No start has yet been made with the erection of the machinery. About half of the machinery is on the claim—most of it is oxposed|to the weather. In face of the unsatisfactory state of affairs the unfortunate shareholders receive a; peremptory de» mand for arrears of calls with the pie* that “The contracts are nearly all paid for and most of the machinery is on the ground." The directors of the company have now been drawing their fees for 18 months and at the present rate of progress it will be at least another fii* months before the dredge starts. * Greenstone Greek— The dredge la now on good payable wash but operations are greatly hindered by the Chinese sluioors. In another month or so the ? dredge will be probably free of this hindrance, but in the meantime results have been disheartening to the shareholders.
Greenstone Three Minn Last week’s return was very satisfactory considering the dredge had to contend with several unforseen obstacles. The dredgemaster and crew deserve great praise and credit for the way they have poshed things on and the interest they have taken in their work. Profitable ana steady returns may be looked for from this claim for soms Urns to oome.
Tbrewakau Daman—Want of. funds it seems is the cause of delay in launching the pontoons. If the unalloted shares in the company were taken up and arrears of calls were paid there would bs no groat deficiency. The management; of this company would do veil to Ml «a the resolutions passed at a meeting of shareholders In Greymouth a short Mas* back. Locally the claim is considered Is bo a very rich one and boring operation# confirm this opinion.
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Greymouth Evening Star, Volume XXXI, 30 July 1901, Page 2
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352GOLD DREDGING. Greymouth Evening Star, Volume XXXI, 30 July 1901, Page 2
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