N. Guinea Gold!

Forecast of Important Developments.

A well-known Australian financial man, who during the last eight years has kept his discerning ear to the ground in New Guinea, to his great profit, is of the opinion that the de velopment which has taken place in the gold industry in that Territory in the past is nothing to the development that may be expected there in future.

“The mainland of New Guinea, north, west and south of the present Morobe goldfield, is now being quietly, patiently and very systematically examined,’’ he said to the Editor of the “P.I.M.” “It may be of interest, also, for you to know that some powerful international groups are represented in this examination.

“The gold is there in quantities varying from very rich to payable. The Morobe goldfield which has been opened up represents only a part of the wealth available for exploitation.

The people who are on the job now are carrying out their work with scientific thoroughness. Large tracts of country already have been inspected and mostly rejected. The search is nar rowing to a smaller area and it is prac tically certain that rich new fields will be opened up in New Guinea at no distant date.

“It may be that New Guinea will yet be proved as one of the world’s richest goldfields—and that is saying a good deal.”