Return of J. W. Walker

Waihi Daily Telegraph, Volume IV, Issue 1138, 5 November 1904, Page 2

Return of J. W. Walker

Interview at Auckland

No English Money lor Mining Investment

(Special to the Daily Tmonirn.)

AtJOiLiND, this daj. 11 Long Dhive " Walkeu, interviewed on bis return from England yosterday, said: "Capitalists aro not looking to New Zenland or to any othor* mining, If they could boliove tlioro was any possibility -jf retail for their money, they would touch it rondily enough; but gol I jiininu is at present qiiito oat of fashion, Generally spunking it had rover recovered from tho shock iuflictod on it by tho Boor War. Mon who had their money invested in tho Transvaal at high prices woro loft with tho falling markot, and that market has uovor recovered, Probably it never will until labour matters are [satisfactorily settled. Labour should bo of such a notiiro as would give returns for poor ore, Tho 'lransyaal will recover wlion tho mines are proporly equipped with necessary labour. ,Vo have West Australia, of course, but that is suflering under tho cold shado of con'* toropi. Thore havo boon dißelosuros recently regarding eortain properties and poople aro howling in connec» tion with soido of thom. Poople ims perfectly satisfiod with thoir dividend paying minos here, but they aro not anxiotiß to lay out any more monoy on anything lrosh until they seo furthor ahead."

" How did you fare with tho properties you wont homo with ?" ho ivas asked, The wiso man doosn't try to soil a hen on a rainy day, and Ihaye soen too much of London to attowpt that. Howovor, I loft my business at Homo in such away that when this wretched, weary war is ovor—l don't think it will bo until thenit will bo brought to a head. Tho inlluonco of war, you will liavo notod in tho fluctuations of Consols, If it goes on indefinitely it will boggar mining, Another thing that may improve tho outlook, so far as tuiniuq is concomed, will bo coming to tho front of a fow moro Now Zealand mines. Proportion that I took Homo were on the line of tha Martha and other Waihi lodos, and whon oonditions are bettor I anticipate very little trouble in gotting my liitlo business ovor,"