Australia's Gold

Hokitika Guardian, 7 October 1921, Page 3

Australia's Gold

DECREASE. IN PRODUCTION. SYDNEY, Sept. 28. The figures of Australia’s gold production for the past eight months show another startling decline, being 1113,820 ounces less than for the corresponding period of the previous year, which in its turn showed a, very heavy drop compared with 1919. The falling off is most noticeable in \\ *’st Australia, and Queensland, lit the first-named State, the heavy costs, due to recent Arbitration Court awards, have led to the shutting down of properties, and others, are on the point of stopping because of their inability to continue working except at a loss despite the premium being got on gold sold abroad. Ihe reduction in Queensland is traceable to the shutting down of the Mount Morgan mine. Tho following is a comparison of the output for the first eight months of 1921 compared with the yields for the corresponding terms in 192(1 and 1919: Victoria, (oz. line) 1919, 83,77.1: 1920 99.73(3: 1921," (if),017. West Australia, 1919, .',38.088; 1920, ■IDO.MS): 192!. 349,037. Now South Wales, 1919, 3(5,904; 1!)0(), 31 ,">79 : 1921. 37.077. South Australia, 1919, 2,800; 1920, 2,800; 1921. 2,100. Queensland, 1919, Bb, 731; 1920 09 981; 1921, 29,b32. Tasmania, 1919. -1.500; 1920, 1,27-1 1921. 4,000. Total. 1919, 751,800; 1920 , 0(18,.919 1921, 491,093.