WAIHI’S "LIFEBLOOD”
GOLD DUTY'S SUPPORT MAYOR SPEAKS OUT (Special to THE SUN) WAIHI, To-day. ’‘‘The gold duty Is recognised as the lifeblood of the town,” said Mr. W. M. Wallnutt, Mayor of Waihi, speaking at a meeting of the Borough Council on Thursday evening. The mine, he said, was one of exceptional constitution and vitality. An attempt had been made to assess its value IS years ago, and it was still producing over £300,000 a year, and as late as 1927 the ore opened up during the year equalled the amount crushed. It was plain, therefore, that the mine could not be gauged by its official reserve, 'which was necessarily stated with caution and reserve. The Grand Junction property, for example, was closed down some years ago as being unpayable under conditions of reduced output. But in the hands of the Waihi Company, helped by the company’s big output, thousands of tons of payable ore were taken from it in 1927 and 1925. "For myself.” concluded the Mayor, ”1 feel that it is impossible even now to say how long the mine can continue to be worked at a profit,”
Permanent link to this item
https://paperspast.natlib.govt.nz/newspapers/SUNAK19290420.2.78
Bibliographic details
Sun (Auckland), Volume III, Issue 643, 20 April 1929, Page 12
Word Count
190WAIHI’S "LIFEBLOOD” Sun (Auckland), Volume III, Issue 643, 20 April 1929, Page 12
Using This Item
Stuff Ltd is the copyright owner for the Sun (Auckland). You can reproduce in-copyright material from this newspaper for non-commercial use under a Creative Commons Attribution-NonCommercial-ShareAlike 4.0 International licence (CC BY-NC-SA 4.0). This newspaper is not available for commercial use without the consent of Stuff Ltd. For advice on reproduction of out-of-copyright material from this newspaper, please refer to the Copyright guide.
Log in