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

Author: Cyclopedia Company Limited

Publication details: The Cyclopedia Company, Limited, 1905, Christchurch

Part of: The Cyclopedia of New Zealand

License: Creative Commons Attribution-Share Alike 3.0 New Zealand Licence

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The Masterton Dredge is the property of the Masterton Gold Dredging Company, Limited, which has its head office in Princes Street, Dunedin. Mr W. E. C. Reid is secretary. The machine has been working since October, 1904, and, before Christmas of that year, had paid a dividend of 2s per share on its capital of £5,000. The claim consists of 100 acres of Crown land on the Waikaia Flat. The machine has four and a-half cubic feet capacity buckets, and is driven by a sixteen horse-power engine, and a twenty-five horse-power boiler.