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RMS Niagara - a famous name and ship once called "the Titanic of the Pacific". Sailing the Pacific route - Sydney, Auckland, Fiji, Honolulu to Canada from 1913, the Niagara was sunk in 1940 in Hauraki Gulf, New Zealand by mines laid by the German raider HSK Orion.

Lost with the ship in a depth of 120 metres was a consignment of 590 gold bars, weighing 8 tonnes, owned by the Bank of England. The bullion was consigned to the United States for the purchase of desperately needed war materials for the defence of Great Britain.

On 2 February 1941 the resting place of the Niagara was located and the salvage team started the arduous and hazardous task of retrieving the gold on behalf of HM Treasury. They were armed only with rudimentary equipment, a viewing/diving chamber, radio, and a grab lowered from the surface.

Williams and his team successfully recovered more than eight tonnes of gold after blasting a hole in the hull of the ship. 555 gold bars were removed, followed in 1953 by a further 30 gold bars, leaving 5 bars still unrecovered in the wreck as of 2011.

Edit. Extra info added
 
Correct Rod,
Been reading about the salvage operation in an old book I have called Gold from the Sea by James Taylor published in 1942.

Your turn Mr Ramjet
 
extract from The Wreckers:

There are plenty of good social, historical, and economic explanations for wrecking, but nothing will ever really explain its metaphysical causes. The wreckers have always occupied a no-man's-land somewhere between water and earth, and through all the 2,000 years' worth of legislation, they have persisted in the belief that they have an absolute right to anything off an abandoned vessel.

It never seemed to matter whether the wreck had taken two years of international travel through the seas to arrive on their beach, or whether it arrived yesterday stamped with an identifiable mark from an identifiable owner on an identifiable ship. The wreckers would probably argue that they just made the best of what came their way, but they were also taking advantage of a subtler transformation. The sea does not sort objects according to weight or value, but by whether they float or not. Once stripped of context and immersed, those objects have also cast off their former identities and become something else. Add poverty and remoteness to the equation, and it is not really surprising that the wreckers thought as they did
 
I'd say we have the same people....
The bloody Code was also used to prosecute Wreckers, sinister Cornish folk who specialized in dampening lighthouse fires and luring vessels onto rocks with cheerily waved lanterns. The law allowed salvagers to keep goods recovered from shipwrecks - as long as there were no survivors. Those lucky shipwreck victims who lasted the long night, clinging to a bit of driftwood were greeted by the silver light of dawn - and determined-looking Cornishman with pitchforks wading to them.

Take a turn mando
 

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