Development of deep water technology as it relates to future salvage

In the 30'5, a substantial amount of gold was salvaged from a sunken ship, the "Egypt", by Sorina, a private Italian company. The salvage yielded 5 1/2 tons of gold and 42 tons of silver, worth a total of 378,000,000 at current value. During World War 1 1 , the British used an o l d decrepit ship, the " Niagara" , to transport gold from Singapore to Australia. They felt the Japanese would never fire on an old 5hip. They wet-e wrong, it was sunk and this led to a salvage in waters beyond diver depth by a remarkable salvor, Sir Williams, to retrieve a multimillion dollar cargo, using an observation bell,