TARANAKI IRON SAND.
OFFER TO THE PATEA HARBOUR BOARD. Mr J. E. Cull, a Christehiirch engineer, who is the inventor of a process for concentrating and smelling (iron, sand, has been on a visit to Putea for the past week investigating the deposits j of iron sand and conditions with ihe I idea of establishing smelting works at jPa tea. (says the Pres-0. Mr Cull is thoroughly satislied with the quality of I the sand, and of the general Mutability J of Paten for the location of works. As the result of his visit, .Mr Cull subj mined to the Paten Harbor Hoard Tuesday an offer which included rental ( and a royalty per ton oil the eoncentrat-
Ed sand or a twenty one years' lease of several sections near the heads, and of the foreshore from the Paten river mouth to the Kaikura stream, which was leased a fe.v years ago by Mr Farmer King. Mr Cull expressed his willingness that the lease should stipulate for the'expenditure of CMOOO during the second year of the term on works on the combined properti's and a guarantee of an ouiput of 250 tuns of iron and steel per year from tb-' combined properties. The chairman >:i:d ilia! Mr Cull and Mr, .ienkiuson. M.L.C.. had discussed Ilie matter uiili him. The position was. however, rather unfortunate. a- several seclhiiis lelonging to the Hoard were tied up in Ihe l!;ile lease. Mr full de>ircd to secure the right to run a tramway along the river and he. the ChairI num. did not know whether they could-
grant him the jjower. Mr Melv-tr.m moved that tile Chairman and Secretary be a committee to look into the matte ,-unl obtain legal advice i: necessiry. This was carried. Subsequently Mr Cull waited on the Hoard and was informed of their decision. In reply to questions he stated that he did not wish to tie up the property or hold it for speculative purposes, as was shown liv his willingness to consent to the insertion of a stipulation in the lease, providing for the expenditure of CIOOO on buildings in the second year. f
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Taranaki Daily News, Volume LII, Issue 10, 5 February 1909, Page 4
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356TARANAKI IRON SAND. Taranaki Daily News, Volume LII, Issue 10, 5 February 1909, Page 4
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