Japan's Gold Mine.
OFFICIALLY VALUED AT £400,000,000.
Uha Central News says Jfr Arakawa, the Japanese Consul-General inLondon, has received advices from Tokio to tha effect that the recentlydiscovered goldfields at Iwato aro expected to produce considerably more ore than was originally estimated. Dr. Watana'be, the wellknown J apantese mining expert, has now been able to conduct a complete exaahination of a iourtjj of tha gold-bearing, region, and lias estimated that i t will prodiico ore of the value of £100,000,000. If the remaining three-fourths of the goldlields are, 1 after examination, found to be similarly prolific in ore. Dr. Watanaibe estimates that the Japanese Treasury will be enriched to the extent of £400,000,000. The Finance Department of the Japanese Government is continuing its investigations,, and it is expected that mining l operations will 'be commenced at an early date.
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Taranaki Daily News, Volume XLVI, Issue 261, 8 November 1904, Page 4
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139Japan's Gold Mine. Taranaki Daily News, Volume XLVI, Issue 261, 8 November 1904, Page 4
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