MANAPOURI NITRATE SCHEME

Hokitika Guardian, 4 August 1930, Page 1

MANAPOURI NITRATE SCHEME

A SATISFACTORY REPORT. For some, time past residents of Southland and business people throughout New Zealand have' been keenly interested in the proposed scheme for the production of nitrates in the West Coast Sounds country of Southland with power developed from waters of I/ako Manapouri. . A thorough investigation into the possibilities of the scheme was recently made by Mr Gibb on liehalf of London, fiiianceirs " interested in the scheme, and Air Gibb has loft, for London to present his report to his principals. This report is confidential and will not be released to the general public, but will l>e presented to shareholders or prospective shareholders in the venture. The report is- .totaled to be highly satisfactory in every phase and is so thorough that it will enable the promoters of the scheme to order the necessary machinery for the nitrate works if they decide to go on with the development. The report deals with the harnessing of the waters of tho flake with the tunnelling which will have to be taken through the mountains to the proposed site of the nitrates factory and with a factory sito and shipping of the product. In an interview Mr A. Leigh Hunt, Nov Zealand agent for the promoters, said that he could not disclose the contents of the report, which was a very technical one, but he was at liberty to say that it was highly satisfactory. He felt confident that it would prove very satisfactory to the promoters, and lie was optimistic of the future of the scheme which was a big one and one that would do a great deal toward* promoting, progress in New Zealand “It will make some of the pessimists of the ooimtrv realise that they are wrong.” he said. “There are great possibilities in the Dominion, and it will- he for the eood of everyone il thev are developed.”