The Powder Dredging Company ceased dredging in August of 1954, $100,000 in debt.I don’t understand how these council employees have not been prosicuted to the full extent of the law for misappropriation of our funds,they should all be in jail.I live inīateau Bay and before the amalgamation Wyong council was in proffit.For god sake find more intelligent people who have a conscience and the ability to do their jobs properly. With the new system there was hope of recovering the gold missed by the first two dredges, however they did not recover as much gold as they had anticipated and with the expenses of running the operation increasing after the war they found they could not make enough to make ends meet as we were still on a gold standard and gold was still $35 an ounce. The Baker Dredging Company operated the dredge until 1950 when they decided to sell it to another mining company also with the name Powder Dredging Company. This time it was under a new owner, the Baker Dredging Company, and its gold recovery system was upgraded from the sluice boxes to a Jig System which increased the efficiency from 70% recovery to 95% recovery of the gold. On Jthe dredge was able to begin operating again. In 1942, the dredge was shut down as all non-essential mining operations were ordered to cease production for the duration of World War II. Christmas and the Fourth of July were the only observed holidays. 24 hours a day, seven days a week, every day of the year.
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