On account of its unrivalled harbour and geographical position, the presence of coal at this place caused great excitement and resulted in the formation of a company. Unfortunately the geological features of the locality were utterly unfavourable, for the coal exists, so far as is known, only in a triangular patch cut off by faults on all sides, and containing an area of about half a square mite. In all 700 tons of coal were raised, of excellent quality, but much faulted and crushed, and the works were soon abandoned, not, however, before a considerable sum of money had Wen lost in an undertaking, which, had the oft-repeated advice of the Geological Survey Department been followed, would never have been commenced. The analysis of the coal was as follows:—

	Per Cent.
Fixed carbon	63.21
Hydrocarbons	31.06
Water	4.32
Ash	1.41
	100.00