THE IRONSAND PROJECT

Taranaki Daily News, Volume LIV, Issue 257, 30 April 1912, Page 4

THE IRONSAND PROJECT

ANOTHER STATEMENT. Mr. T. Bransgrove, one of the shareholders in the local syndicate who have a ;;.;ii::l pi-..ess for the treatment ol irontand, writes to say that the interview we published yesterday morning with another member of the syndicate is in some respects misleading. The Parapara Company, he says, have treated the locil patentees handsomely and art doing their best to work the leases. Tht works at Moturoa were not built to euit the convenience of the local syndicate. They were built for a larger process that had chiefly to do with the manufacture of iron and steel. This process is entirely different from the process invented by Messrs. Smith and, Tweedale.. The latter is not so much an iron and steel process as one by the means of which a more valuable metal is obtained, a white metal which has all the properties of platinum. The Parapara people, knowing of this process, desired to have a demonstration before proceeding with carrying out their original plan, and if the results attained were what were claimed for them, then they would take over and work the process'in conjunction with their other operations. That is the position at present. The local patentees are now almost ready, for the demonstration and are confident of its issue. "The Parapara people,'* adds Mr. Bransgrove, "are doing thirige fair and above hoard, and the public and the, local Harbor Board can rest assured that they will be given a square deal. Further," let me say that fiii Parapara Company have unlimited capital and can be relied upon to do what han never been done in this country before, namely, successfully exploit the deposits of ironsand of Taranaki. T much regret that the company have been placed in a false position through one of our oWJi men giving you misleading information on which you built your article and editorial comment."