KAWARAU MINING SCHEME
A correspondent writes as follows to the “Otago Daily Times” ; “Some time ago in your paper appeared a statement that Professor P. G. Hornell, the Swedish engineer and expert on hydro-electric installations, is expected to return to New Zealand about October in connexion with a gold-mining project in Central Otago. Clearly the project must be the Kawarau, for this was the only scheme inspected by Professor Hornell. Rumour has it that after his inspection of that scheme he was quite enthusiastic about its potentialities, and he is reported to have said that he would have uo difficulty in raising in Sweden all tlie money required to buy out the vendors at what they had put into the scheme. Is Professor Hornell returning to make such an offer? and is the Kawarau to be another potential scliemb for gold production passing into the bands of foreign enterprise. It would appear to me that, there may be a few ‘in the know’ who | are quickly buying all the Kawaraus they can secure at a figure considerably below what even at the present should be the real market value, if the above statement were known to the public to be reliable.”
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Hokitika Guardian, 30 March 1931, Page 8
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201KAWARAU MINING SCHEME Hokitika Guardian, 30 March 1931, Page 8
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