BIG ADVANCE INDICATED
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Gold-Dredging Development in Dominion
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AUCKLAND, Last Night. ■ ! Within two years over 20 gold dre'dges would bd in operation through- ! out New Zealand, stated Hon. P. C. : Webb, Minister of Mines, in an interview to-night. Most of them would be larger than the Rimu dredge at Hokitika, which was the largest south of the| line. It was gratifying to know that modern. dredgiing companies thoroughljr prospected the country before they issued a prospectus. In this way "wildcat" sehemes would be eliminated. Mr. Webb said it was his belief that. to-day in . New Zealand mining could1 be regardedi as an investment rat'her' than a gamble. Large areas of quartz-, bearing country in the Reefton districtj had undergone thorough geological and geophysical tests, and upon expert a"dvice the Government had granted a £ for £ subsidy of £500 to the West Coast Gold Mining Company, which thus was able to import one of the most modern boring maehines in the world along with an espert to manipulats th.6 drill, • i
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https://paperspast.natlib.govt.nz/newspapers/HBHETR19370514.2.129
Bibliographic details
Hawke's Bay Herald-Tribune, Issue 100, 14 May 1937, Page 14
Word Count
170BIG ADVANCE INDICATED Hawke's Bay Herald-Tribune, Issue 100, 14 May 1937, Page 14
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