TREASURE HUNT

Waikato Times, Volume 124, Issue 20740, 25 February 1939, Page 12 (Supplement)

TREASURE HUNT

GROSVENOR WRECK £5,000,000 JEWELS AND GOLD (South African News Letter) DURBAN, Jan. 2-8 An attempt to recover the gold ingots, diamonds, rubies and money wisrth £5.000,000, which, it is believed, lie in the Grosvenor wreck off the coast of Pondoland, is being made. A breakwater is to be built, after which the contractors will empty the basin formed over Ihe wreck w hich is believed to be that of Hie Grosvenor. It is admitted that the venture is purely speculative and treasure may not be found. When the vessel was wrecked on August 1. 1782. 1 here were 150 pasengers and crew on board. Most <• the passengers were believed to have had in their possessions large quantities of valuables, with which they were reluming home from the East Indies. Everyone is reported to have got ashore except the cook's mate, but no portion of the cargo was saved. According to reports, the Grosvenor was carrying 19 boxes of diamonds rubies, sapphires and emeralds worth £517,000; 720 gold bars valued at £420,000; 1,450 silver bars (unvalued) ; and specie to the value of £717,000. From information available, it is estimated that at to-day's world prices, the treasure would be worth £‘5.000,000.