Tinai Valley Gold

Another Papuan Venture

From Our Own Correspondent.

Pt. Moresby, Nov. 8.

MORE than usual interest is centred around mining in Papua lately, ow ing chiefly to renewed activity as Misi ma Island and the opening of the Tinai Valley, on the eastern slopes of Mt. Law son (on the border between Papua and New Guinea).

In September, the Tinai Valley Gold Dredging Co., Ltd., was registered in Syd ney with a nominal capital of 30,000 shares of 10/-, 20,000 of which were offered for public subscription and 10,000 go to vendors. These were over-subscribed in four days and the Company is starting preliminary operations immediately.

Mr. Cameron, a mining engineer, and an assistant, are arriving by the “Mon toro" on November 10, and aerial trans port has been arranged between Port Moresby and Garina, in New Guinea, from whence the party travels overland across the Papuan border to the Tinai Valley.

Natives and cargo are being transported to the valley, where Mr. Cameron and his assistant intend to test the area taken up by the Company.

Mr. J. A. Miller, representing Misima Gold Reefs. N.L., which was floated re cently in Melbourne, is in Misima with Major Stuart Love.

Mr. Miller is engaged on the prelim inary work and Major Love is examin ing and reporting on the property. The Company has a nominal capital of £4,500, £3,000 contributing, which was subscribe;! to examine the leases. These leases con sist of 24 acres each on the island of Misima. They were reported upon favor ably by Mr. F. Mason, a mining engineer.

Mr. J. E. Crocker, of Collins Street, Mel bourne, is legal manager of the new com pany.