Captain's Flat may be New Broken Hill

Hawke's Bay Herald-Tribune, Issue 190, 28 August 1937, Page 13

Captain's Flat may be New Broken Hill

* SYDNEY. ! A vision o£ a new BrOkon Hill in New South WalOs, shariiig in tho world ;s boom'in'-metals, is conjured up 'by the State Government's scheme .for -the development of Captain's Flat, near Bungendore. Captain-?s Flat, . moribund for 30 years, is about to stir with new- life. A thriving community -of between ' 3000 and 5000. people , will ; be .working there within the * next - f ew ■ y ears. ' ' English capital, represented by.' the Lakb Goorge Mining Corporation, will develop the mines. The Government will build a railway. from Bungendore to 'Captain's Flat. A Bill to provide for ■. the -railway, at a cost of £200,000, will be brought downin the ses^ion of State Parliament which- commonces this week. The company is spending £600,000 and will spend another £1^000,000 . on the development of tho of o deposits, which will produce gold, copper, lead, zinc and sulphur. . Here aro somo; of the advantages of the sehemo; which wero put beforo Cabinet when the deeision to build the railway was xeached:- — The mines ■ will : e-mploy frohi* 500 to 600 men. r Large.gangs.will-.be employed for at least ; two years on railway construction. ' ATocal supply- of sulphur will bo provided for the superphosphate industry in place of the -large imports -from -the United States,Additional- xevenue «,will ; be ! earned by the xailways between- Bungendore and Port Kembla. ■State .and • Foderal'- Governmental rev'enuo will beneiit' to Ihe tuno of •£68,460 (royalty on metals £3780; clectric power supply, £15,000; 4 State and Federal'incomo tax, £49,680), , .