KAWARAU GOLDMINING

Hokitika Guardian, 26 November 1930, Page 7

KAWARAU GOLDMINING

amalgamation details, DUNEDIN, November 22. The annual report of the directors of the Kaworau Goldmining Company contains the following clauses:—“lt has always been the ultimate object of the amalgamation scheme, once the different interests on the river were united, to arrange for some eminent mining engineer to inspect the river and investigate its possibilities, to furnish a report on the whole scheme, and if possible, to suggest some practical meang ,pf working it. With the visit of Professor p. G; Hornell, the Swedish.engineer, engaged by the Government in - connexion with the* 1 ArapunJ 1 hydroelectric scheme, an oppoj'tunify . existed : which :■ might not epjly arise again,' and the trustees, with the co-operation of the directors, approached Professor Hornell, and arranged for him to visit Cromwell, examine the river, and' furnish a report. Professor Hornell arrived in Cromwell on October 24th, accompanied by Mr H. yiekerman and others, arid spent the week-end investigating the river. To facilitate his investigation' the. gates were closed op Saturday, October 25th, at 2 p.m., and re reopened the following day. . " • >• • “It is understood that Professor Hornell will require : some considerable time to prepare his report on the K«warau river, and it is not anticipated that the report will be available until the beginning of next year. As far ns can at present be gathered, Professor Hornell considers that the mining of the river-bed should not. present any insuperable difficulties, nnd it. is hoped that he will evolve some practical method of operation. The payment of the actual . expenses attendant upon the investigation of the river by Professor Hornell and party has been undertaken by the trustees for the new company, but they are not entitled to obtain the report until they are in a position to pay Professor Hornell’s fees. This will only be after the new amalgamated company is registered, and has taken over the assets of the present Kawavau Company, which will remain after paying the company’s debts and settling certain contingent liabilities.

“In the meantime the solicitors for the trustees are engaged in the legal work, preliminary to the formation of the new company, which- will be registered as soon ns possible. When registered, the new company will be entitled to acquire by assignment all the assets of the claim-holders and parent company, and the amalgamation will thus be completed.”