Melbourne, Oct, 20
With strong financial backing, a corporation named the Pacif Saivage Company' was formed Bre fe dh forthe "purpose and. Dallita fast in shipwrecks Attempting to salvage treasure
inAustraijan waters: "One the first jobs which the new company proposes to tackle is the steamer General Grant, wrecked off the Auckland Islands in 1866, the strong-room of which contained £100,000 in S gold bars—United Press, new prospective company has deen formed with a capital of £500, 000, in which it is understood all' leading mining and finance houses will take a hand.
The discovery of 30 ' additional miles of the Witwatersrand main reef is said to be of incalculable importance, as it is estimated that there are, 278,000,000 tons ore re-'The discovery, which came investigations" which—had extended for over two years, was due to chance, Dr. Krthmann was camping, picnicking: at Muldersdrift, when he noticed rocks containing iron oxide, permitting researches for the main reef by means of a magnetic field of balance. Options have been obtained on a line of farms in this belt, which is estimated to contain 278,- 00,000" tons of ore. reserves. Reuter,
Text read from the printed page and cleaned; old type leaves the occasional error.