Riches from Wrecks: Recovery of Sunken Cargoes (Hardback)Fergus Hinds (author)
Hardback 155 Pages / Published: 01/07/1995
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Over the years there has settled on the seabed in the holds of sunken ships a wealth in metals unspoilt by immersion in seawater, ranging from antimony and bismuth to uranium and wolfram. There is also gold and silver amongst them, but the bigger industrial cargoes far exceed in value most losses of bullion. This book illustrates the business of recovering such cargoes. The technique was established by an Italian before World War II, and much expanded by an Englishman named Risdon Beazley after it. The book starts with the English recovery of a ton of the Bank of England's gold bullion from the "Empire Manor" off Newfoundland, an endeavour spanning 20 years. Part of its risk was funded by two World War I sinkings, one off the Faeroes, the other, southwest of the Scillies. Together these three ventures, with allusions to a few others, illustrate all the practical, commercial, and historical essentials of this business. There follows the salvage of more than #4 million from 1000 feet (320 metres) down in the Mediterranean. The account highlights the historical documentation, and the use which is made of it. The manoeuvring surrounding the recovery of gold from HMS "Edinburgh" leads onto the efforts of many offshore oil companies spawned by that success. These undertakings take the second part of the book to the largely lawless Far East where, apart from a ton of gold clandestinely taken up from the Japanese submarine "I.34" (sunk off Penang in 1944), the targets are the contents of Japanese wartime merchant ships. The book closes with the opportunities available to treasure-hunters.
Publisher: Brown, Son & Ferguson Ltd
Number of pages: 155
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