SEARCH FOR OIL.

Press, Volume LXIII, Issue 19146, 1 November 1927, Page 10

SEARCH FOR OIL.

WAIPATIKI FIELD. GERMAN SCIENTISTS ARRIVE IN N.Z. [THE PEESS Special Service.] "WELLINGTON, October 31. To carry out a two years' geophysical i exploration of tho Waipatiki petroleum ! field, about I<s miles south-east of Dan- ! nevirke, has brought three German | mining engineers—Messrs E. Bein, _N. I Alordriniak. and E. Wallisch —to New Zealand. These three scientists are members of the Elbof Research Corporation, a German-Austrian concern conducting scientific subterranean explorations in all parts of the world. The present is the first occasion on which such an expedition has visited tho Southern Hemisphere. They arrived at Wellington by the Manuka today, and nest week they wiil be joined by Dr. Rudolf Krahmann. Professor of Applied Geology at Berlin University, who lectured to tho Royal Society of New South Wales at Sydney last night on "Geophysical .Research." The party will carry out a two years' research for the Coal-Oil Co. (N.Z.), Ltd. They are all members of the Elbof Research Corporation and Dr. Krahmann is also chief geophysicist of the Council of Scientists, who directs the field operations of the corporation. Over three tons of instruments of a highly technical nature, which will be used in the work of exploration, have been brought Ivv the group. Diploma Engineer Mordriniak is the leader of the expert group, while Dr. Krahmann will advise the group as geologist and also represent the Cassel Science Council, which checks and investigates all Elbof Field measurements, and thou compiles the ultimate survey report and fixes the actual boring sites. Dr. Krahmann is a reputed authority on geophysical research and ho has published a number of standard works on* this modern mining science. The members of the party who have already arrived in the Dominion are young men ranging from 20 to 30 years of age, and are very hopeful of success. The Waipatiki petroleum field was surveyed geologically and partially developed before the war by the Kotuku j Oilfields Syndicate, Ltd., of London, but German interests had to abandon j it wlien hostilities commenced. The areas at Waipatiki controlled by the Coal Oil Co. (N.Z.), Ltd., were chosen by Dr. John Wanner, the eminent petroleum geologist of Bonn University, Germany, in preference to any other oil land? in New Zealand, in 1910.

BRITISH INDUSTRIES. OPTIMISTIC FORECAST. (BT CABLE—PBEBB ASSOCHTIOX— COPTRIGHT). (iVSTHiUAK AXD %.t. CABLB ASSOCIiTIOX.) LONDON, October 30. The Federation of British Industries, in its quarterly economic supplement, optimistically forecasts for the remainder of 1927. It says: "Although the international horizon is far from clear, and our own immediate position is.full of difficulty, the British trade outlook is brighter than at almost any post-war period. Three months ago a rise in the bank rate seemed inevitable, and the further expansion of trade consequently eetned remote. But the unexpected reduction of the United States re-discount rate, with the openly avowed object of relieving monetary stringency in this country, transformed the whole 'outlook.

"It is now possible to look forward to the restoration of the balance between Home and foreign trade to a position more nearly approaching prewar days."

GET-RICH-QUICK LURE. 1024 COUPONS IN COLOUR SCHEME "SNOWBALL." England is again-being flooded with circulars from the Continent propounding gefc-rich-quick schemes of such a plausible character that many foolish people are being ensnared (says the London "Daily Mail" of a recent date). The favourite lure is the well-known "snowball" scheme for buying four coupons which have % to be resold- to separate people, each of whom has to buy four more, and go through the same procedure until a colour scheme has been completed. A firm calling themselves Credit Hollandais, of Amsterdam, is one of the latest to circularise British people. They urge that coupons, or claims as they call them, should be bought at os each, when they assert that they will pay you without your spending a cent and without your doing special work within a short time the 6um of 2000 Dutch guilders or 800 American dollars (£160) cash. You will have to watch only that your four proper clients will do their ' duty. That is all you have to do. We will charge us with the rest and you will have to wait only patiently until your series will have passed through the next five colours, what under normal circumstances will take about five months' ■ time. ... Everyone will have to pass through the evolutions of the six colours within all 1024 claims. As soon as your colour reappears and the 1034 claims have come in your turn hasj come to receive payment. It will he observed that 1024 persons have each to subscribe os. or £256, before £l6O is paid out—rather a good, thing for the Credit Hollandais; and of course if the chain is broken even by one person the money is not paid. Sensible people can judge for themselves the wisdom of subscribing to such a scheme.

OTIRA TUNNEL TRAFFIC. The goods carried by the railways, mostly coal, through the Otira Tunnel last week amounted to 7500 tons, compared with 8043 tons in the corresponding week last year.

REILLY'S (DUNEDIN) MARKET. t? n . /r. DP-'EDIX. October 31. Keillys (Dunedm) report s keener demand for tomatoes. Quotations:—Small 2s 6d, medium 2s Bd, choice 2s 9Jd per lb; gooseberries, 6Jd to 9Jd per lb} green peas, lljd to Is 2d per lb; new potatoes, SJd. 9sd, to lid per lb; pears, extra choice, 61d per lb others 4d to 5d per lb; asparagus, 10s 2d, lis 3d, and 16s 9d per down bundles; cucumbers, 5s 6d, 9s. and 14s per do*.: lettuce, 2s 9d, 4s 3d. and 5s « per dozen; spring cabbage, 8s 7d per dozen; cauliflowers, 14s per dozen; radish. Is 4d per dozen bandies; spring onions, 2s per dozen bundles; tulips, 245; Posticus recurris, 6s; lily of the valley, 4a 6d to 6s per dozen bunches; Sturmers, choice 15s 9d per case, Delicious 14s to 16s, Democrats 16s. —r