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The Cyclopedia of New Zealand [Otago & Southland Provincial Districts]

Paterson's Freehold Gold Dredging Company, Limited

Paterson's Freehold Gold Dredging Company, Limited. Offices, in Dunedin; secretary, Mr R. A. Mathewson; capital, £12,000. The ground on which this company's two dredges are working was originally the property of Mr Paterson (now a director of the company, and master of one of its dredges) before being acquired by the company. There are 280 acres of workable ground, which will suffice to keep the two dredges working for several years.

No. 1 Dredge (Paterson's Freehold Gold Dredging Company, Limited, proprietors), Waikaka. This dredge was started in August, 1900, and there is a twelve horse-power Marshall engine, a sixteen horse-power boiler, a forty-eight feet ladder, and four-feet buckets. A Morgan and Cable coupled engine is used for the winches.