Story: Investment

Dredge under construction

Dredge under construction

In the 1890s there was a major investment in dredges, as speculators sought quick riches from gold in Otago and West Coast rivers. This is the Clyde No 2 dredge being built at that time on the Clutha River near Alexandra.

Using this item

Alexander Turnbull Library, Gold Dredges Album
Reference: PA1-q-105-062

Permission of the Alexander Turnbull Library, National Library of New Zealand, Te Puna Mātauranga o Aotearoa, must be obtained before any re-use of this image.

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How to cite this page:

Brent Layton, 'Investment - Private and public investment, 1890 to 1940', Te Ara - the Encyclopedia of New Zealand, http://www.TeAra.govt.nz/en/photograph/24114/dredge-under-construction (accessed 27 January 2022)

Story by Brent Layton, published 11 Mar 2010