Papuan Gold.

Port Moresby’s Hopes.

From Our Own Correspondent.

Pt. Moresby, April 28.

INTEREST in the old Yodda field and the Upper Mambare still holds the attention of prospectors in the Terri tory.

Mr. Ward Williams is still busily em ployed on the Yodda, and lately there have been rumours that the Pratten group are seriously considering some proposition on the Upper Mambare.

The Tiveri Gold Dredging Co., Ltd., intends to commence operations within the next month on the upper reaches of the Tiveri. Residents of the Territory are looking forward eagerly to its suc cess.

The March report of the New Misima Gold Mines show that 1,060 tons of ore put through the mill, yielded 776 tons qf sand and 284 of slime for gold bullion valued at approximately £1,106/5/6. A return of £628/2/7 was also received from a parcel of slag ashes and sweepings sold in Sydney. The No. 2 concrete sand treatment vat was com pleted during the month, and is now capable of holding 50 tons of sand.

Dividend No. 17 of 1/6 per share has been declared and is payable forthwith.

The report that the recent discovery of gold on the upper reaches of the Pu rari River lies in the Territory of Papua

and not on the Mandated Territory is causing- some discussion between the two Administrations.

The exact position of the new dis covery, however, will not be known until a fully equipped expedition of surveyors is able to visit the district.

It would be very fortunate for Papua, if it was found to lie on this side of the border.