The Hessey Dredge is owned by the Hessey Gold Dredging Company, Limited, for which Mr W. E. C. Reid, of Dunedin, acts as secretary. The dredge commenced operations at Winding Creek (the outlet from the old Switzers diggings), Waikaia, on the 1st of July, 1903, and during the first year's work a sum of 9s per share was paid in dividends to the shareholders, and in addition a considerable balance was accumulated at the bank. The claim consists of about 100 acres of land, and the dredge is worked by a twelve horse-power Marshall engine, and a sixteen horse-power dryback marine boiler.