GOLDMINING

Grey River Argus, 16 September 1937, Page 8

GOLDMINING

GOLDFIELDS. „ -y [Per Press Association]. DUNEDIN. September 14. The Goldfields Dredging Company reports a wash-up of 22 ozs for the week. GOLD TAX. i WELLINGTON, September 15. That legislation should be intro-i duced in exempting English mining; companies operating in New Zealand? from payment of the gold export tax was suggested by Mr Bodkin, in’-ai question in the House. He said sue®]: companies whose shareholders were# all residents of Great Britain roceiv-' ed no benefit from the exchange rate and the export tax penalised over- ; seas investors. It must also discourage the investment of capital in New Zealand. WAITAHU, i Messrs W. A. Mitson and Coy., secretaries of. the Waitahu Gold Mining Co. Ltd., report a washup of 25 ozs. 15 dwts. for six days’ elevating. BARRYTOWN. The Barrytown gold dredge re-'' turned for the month of August 4831 ounces of smelted bullion, from 118,500 yards of material treated. The approximate cost was £2.200. and the estimated yield on realisation £3,550. ’['he hours of working were restricted on account of the dry weather, causing a water shortage, but steps have, been taken to secure ample water by the installation of a pumping plant at an approximate .cost of £2.000. The .previous return was 401 ounces from 97,000 yards treated.