Dredging Scheme.

English Capital for N. Guinea.

NEW GUINEA, with its vast areas of rich, undeveloped land and great natural resources, continues to en gage the attention of English investors.

Mr. Herbert Cyril, Sydney represen tative of a big London financial group, stated during July, that 2,000 acres, in cluding 14 miles of river, in New Guinea, had been tested by his syndicate for a gold dredging proposition. The pre liminary testings have so far proved highly successful.

When the plans for the necessary finances are completed, the project will be submitted to mining experts before any definite steps are taken to proceed with dredging operations.