10 MARCH 1923, Page 10

Some weeks since I referred to the treasure hunt which

is taking place on the Pondoland coast of South Africa for the recovery of the gold and precious stones supposed to be in the wrecked East Indiaman Grosvenor.' At the annual meeting of the shareholders at Johannesburg recently the chairman was able to present a report from an Admiralty diver, who had found "a huge mound of hardened shell and sand," which- he felt certain " con- tained the lower portion of a wreck, including guns." Visions of what is under that huge mound are no doubt attractive enough to buoy up the spirits of the share. holders.