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1934 Eastern
Lucknow Gold Reefs |
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Stock Code ELG01 |
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Certificate number 1689 for 100 shares of
2/6 each
in this Australian gold mine. Issued October 20th 1936 to Reginald A
Fraser of Sydney. Red and white certificate with imprint of company
seal. Actual signatures of two directors and the legal manager. Certificate size is 19 cm
high x 29 cm wide (8" x 12"). It will be mounted in a mahogany
frame, with gold inlay, size 31 cm high x 39 cm wide.
The certificate is shown unframed as
all items are mounted upon order.
For more information
about Lucknow, click here |
Note
that although this item has now been sold, we may be able to
acquire another one for you. Email us
if you are interested in this stock |
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Lucknow
Historic goldmining village - site of Australia's second
gold discovery
Lucknow is a tiny, former goldmining village located 9 km
south-east of Orange on the Mitchell Highway and 250 km
north-west of Sydney.
The first European in the area appears to have been
Lieutenant Percy Simpson who traversed Frederick's Valley en route to
Wellington where he established a convict settlement. In 1824 a government
station cum garrison was established in the valley as a resting place for
those travelling to the new penal settlement.
The Lucknow estate was established in 1838 by William
Charles Wentworth, a member of the first European party to cross the Blue
Mountains. The land was then leased to a Captain Raine.
In May 1851 the estate became the site of the second gold
discovery in Australia, after
Ophir.
The usual story is that two tenant farmers found gold on the hill behind
what is now the village. As this was privately-owned land, Wentworth
demanded a monthly fee with royalties from prospectors. This arrangement
only lasted four months as the royalties became too exorbitant.
In April 1852 the whole estate was sold to the Wentworth
Gold Field Company - the first goldmining company to be formed in Australia.
It went into liquidation in 1860 and the land was opened to the public on
monthly leases in 1862.
The settlement was named 'Lucknow' in 1863. Some say this
was a reference to the good fortune the town proffered (i.e., luck now)
while others claim it was named by the mine bookkeeper after the siege at
Lucknow in India in which he may have been wounded.
Four hotels were in operation by 1866 as well as a public
school, a Catholic church (1864), a police station and lock-up, general
store, butcher's, blacksmith's, bootmaker's and baker's. Church services
were initially held in a bark hut which doubled as a school until a National
School building was erected in 1864. Anglican and Wesleyan churches were
erected in 1873 and 1886 respectively.
After initial hardship caused by drought the finds came
thick and fast and substantial fortunes were made. The Bank of NSW and
Commercial Bank purchased 1962 kg of Lucknow gold from April 1862 to
February 1867, though other gold went to private buyers or direct to
Bathurst or Sydney. The largest nugget weighed 76 kg.
By 1872 the easy pickings were gone and an influx of
capital was needed to extend the mining further underground. The Uncle Tom
Company was formed in 1873 but it ran out of capital owing to mismanagement
and closed. It was purchased and reopened in 1878 by Henry Newman who had
made his fortune at Lucknow but lost it subsequently. The reopened mine
proved profitable and other companies successfully worked the fields until
the outset of the 20th century.
Most of the land at Lucknow was privately owned by large
syndicates until subdivision commenced in 1913. In 1929 the Bismarck Group
recommenced mining and struck a new vein. They operated the field
successfully until they ran out of funds in 1937 and there have been no
further such enterprises since that time. It has been estimated that the
fields yielded around 14 000 kg of gold in all.
source: www.walkabout.com.au |