PARAPARA IRON DEPOSITS

Taranaki Daily News, Volume XLVII, Issue 81888, 15 November 1906, Page 3

PARAPARA IRON DEPOSITS

Mli J. 11. WITHEI-'ORD'S MISSION London, October 5. Mr J. 11. Withetord has been quietly woiking away all these momns a.til retcicnce to the development ot the New Zealand lion industry. lie has kept away from the piess, but the London papers now seem to have got wind of his mission, tor on Wednesday the "Daily Mail" said; —

"It a movement, n-.;w oil and indirectly supported by ttie Government of New Zealand, is successfully tallied through* tliat oJumry may soon take a high place as an iron and steel producer. What has been described by experts as a veritable mountain ot hemautc ore ha- been lo- | cated at l'aiapara, Golden Bay. En gineers compute the visible quantity at from 100,000,000 to G00,000,000 ion*, and analysis alter sme.tmg have pioved very satisfactory, in the event ol a company being formed to acquire the .ease and work the ore, with a capital of not less than l/,i00,000 to be spent in acquiring land, erecting bunding-, and >ll providing the nece-saiy plain), the New Zealand Government have promised a bonus "f /,"i per ton on the first :0,000 tuns of marketalj.e iron or steel pioduced. The Government have furthered intimated that they wiJ be pieparcd to place an order lor 75,00e tons of manufactured iron or steel, suitable for railway and btidgc construction, at the rate of 4500 tons a year, provided that they are delivered at a price not exceeding the price at which similar descriptions can bo procured in the English market, with the cost of freight to the colony added. Mr J. H. Witheford, who for six years represented Auckland City in the New Zealand Parliament, is now in England in furtherance of the scheme,''