MR BAYLDON'S VIEWS.

Te Aroha News, Volume VII, Issue 387, 24 July 1889, Page 5

MR BAYLDON'S VIEWS.

Auckland, jTuly 19. Mk D. H. Bayldon, the well-known mining engineer and surveyor, who is about to proceed to England, arrived from the Thames yesterday afternoon. He , leaves for Wellington on Saturday, whence he proceeds to England by the direct steamer on the 25th inst. In conversation yesterday evening with a representative of this paper, Mr Bayldon stated briefly his views in regard to mining in the Thames district. He knows the field thoroughly, and the result of that knowledge is that he believes strongly in its future. He &ays there is plenty of gold and other mineral, and the auriferous area is very large. What is wanted, however, is thorough prospecting, with the best appliances for 1 getting the gold and saving it. Capital is wanted for this purpose, and it appears that foreign capital must be introduced. Capitalists are very shy at present, owing to the number of failures that have been made, chiefly through ignorance. With the careful introduction of capital, and the systematic working which should follow, Mr Bayldon thinks the mining industry would become of more importance to this part of the colony than people have ever dreamt. Mr Bayldon is nob going to England with the object of floating any definite companies for mining. His idea is ho stir up capitalists to an interest in the field, by giving definite and accurate information on its capabilities and character. If he finds a disposition to invest in mining at the Thames, he will be able to give the investors the benefit of his knowledge and experience of the field. Mr Bayldon will probably stop at South Africa on his return to gain some information as to mining in that part of the world. As there is no man in this district more qualified to speak as to the resources of the Thames goldfields, there is every hope that his visit to the Old Country will assist in a revival there of interest in the field. In view of Mr Bayldon's departure the following, culled from the Thames papers, may be of interest : —