MINING
(Otago “J-Uiily Times.”) Although badly hit bv the prevailing depression, causing the almost complete cessation of the sawmilling industry, West Coast residents are hopeful hat the activity of certain Dunedin syndicates is going to biing the West Coast into its own by means , of her rich alluvial gold deposits; It would appear that Dunedin’s activity: on the Coast is not going unnoticed in the north. A West Coast Develop* incut Company, having for its chief ’ object gold mining, has recently Igmn i registered in Auckland. The Awatuntv, Extended Gold Dredging Companywas recently successfully floated w Wellington, but West Coast residents complain that Dunedin is picking the eyes out of their goldfields, - not, however, without a reserve of gratitude for the movement thereby created. The prospectus of a new " Dunedincompany called ‘‘The Wheel of Tor- r turie, Ld.,” is now on the mar ice ty and according to reports by well-known experts his proposition has every promise of success. Air John Haggitt is the organising broker, and prosp-.-fv-es and applications for -shares will be received by members of the Stock Exchange throughout New Zealand.
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Hokitika Guardian, 12 May 1931, Page 4
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184MINING Hokitika Guardian, 12 May 1931, Page 4
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