The Pamphlet Collection of Sir Robert Stout: Volume 68
Tin
Tin.
The discoveries near Port Pegasus, Stewart's Island, consisted at first of stream tin, which was found in considerable quantities with a little gold in the sand. Since the discovery of small lodes of valuable are the matter has assumed great importance, and there now seems every prospect of a most important industry being established. There is an excellent port at Pegasus, and excellent timber, but the density of the bush will somewhat delay the development of the alluvial finds, which are extensive, but vary in depth from several feet to a few inches. We can hardly hope for another Mount Bischoff, which has paid 142 dividends, amounting to £952,500, but there is a fair prospect of profitable returns. Professor Black deserves great credit for his energy in developing this new mining field.