Bulolo Gold
p. 28 · Read in the full issue
Fall in Value of Ground Treated
IN March, New Guinea’s big gold-pro ducing comnany, Bulolo Gold Dredg ing Ltd., published a set of figures, showing the result of operations in the nine months ended February 28 last, as compared with the same nine months of the previous year;—
The last line is significant. It shows, apparently, a progressive reduction in value per yard of ground dredged. In the three months ended February 28, 1950, the value per yard was 17.82 cents com pared with 21.04 cents in the three months ended February 28, 1949.
One of the Go’s most useful dredges turned turtle and sank, as the result of an accident three or four months ago.
Salvage operations are making satisfac tory progress, but some further time will elapse before the extent of the damage done to the big machine will be known.
Douglas Warren, 19 year old Pitcairn Islander arrived in New Zealand in March to undergo hospital treatment. Six years ago he developed osteomyelitis and be came a bed-ridden invalid. He went to Rarotonga for treatment but his case was described as hopeless. The Western Pacific High Commission then interested itself in Douglas' case and has sent him to Wellington, NZ.
9 months 9 months 1950 1949 Yardage Dredged .. 10,757,740 7,359,815 Oz. Fine Gold .. 56,247 52,235 Value at $35 US per oz. .. $1,968,645 $1,828,225 Value per yard in US Cents 18.30 24.84