Page 7 Advertisements Column 1

Dominion, Volume 5, Issue 1413, 13 April 1912, Page 7

THE SUBSCRIPTION LIST IS NOW OPEN. IT WILL DEFINITELY CLOSE ON OR BEFORE WEDNESDAY, APRIL 24th, 1912, • \ ABRIDGED PROSPECTUS. This Prospectus is kiwi issaed in Great Britain, Mew Zealand I Australia. A copy of this Prospectus has been filed with the Registrar of Joint Stock Companies. Tie Taraiati SOil Hells, EaIEEITEB. Incorporated under, the Companies (Consolidation) Act. 1908, of Great Britain. O&pit&l .£400,000. DIVIDED INTO 400,000 SHARES OF £1 EACH. SUBSCRIPTIONS ARE NOW IHVITE. FOR AN ISSUE OF ** SHARES OF « EAOH, AT PAR. ■ f PAYABLE AS TO 2s; per Share upon application. Ss. „ » allotment. W .1. Balance is ««. '• « *«' —■* »•" ■"» " "" *" """ ■ Of the abe.e i.iu. Sub.crlptien, lef 1511,001) Share are Guaranteed. consideration the present issue will, if fully subscribed, provide a sum of After payment of the cash portion of the P urch Expenses and the general purposes of the Company, about'£2oo,ooo for Working further Working Capital if and when required. 41,000 Shares are.held jn reserve for issue to pr LONDON BOARD OF DIRECTORS: ■ : ; . /i nMrinM Roarin Colonial Mutual Life Assurance Socioty, THE'EARL OF. RANFURLY, G.C.M.G. (Chairman) [Chairman (London Board) Colomal Limited], 33 Lennox Gardens, London, S.W, MAJOR DUDLEY' ALEXANDER, C.M.G., 6 St, James' Place, on Hudson's Consolidated, JOSEPH BRAtLSFORD (Chairman, Ebbw Vale Steel, Iron and Coal Company, Limited), Leesons, Chislehurst, , ' / \NDREW L. v HORNEni K.C., M.P., 34 Fitzwilliam Place, Dublin. /' ADVISORY BOARD IN NEW ZEALAND! ' I—> *><•-'»»<*** sr st ""' K " p,I " 0Utl " . H. 3. OICBT, M.P., Plymouth. . TVchnical; Advisor: J.-.: 13. HENRY, 4 London Wall Building London, B.C. Bankers"; PAKE'S BANK, LIMITED, 52 Threadneedlo Street, Lcndon, E.C. - THE BANK OF NEW ZEALAND, 1 Queen Victoria Street, London, E.C. Uril'umi EDWARDS AND OLDFIBLD. ""——■» ssss s«.. £ sr« h ,h. PROSPECTUS. OBJECTS.-This Compaq has informed forpj he °J,.i^ond'Mar^seaporTof 1 in ltaraTeranaki Petroleum Company, Limited over ptoved and oil proQuci e , property at tidewater, a drilling and Sri, Nortb bland. New Zealand, ,The, Company as the result of expert advice rights extend i, approximately. 4800 acre, GOVERNMENT' SUPPORT AND. BONUS OF less tZ allotted as follows: (aMjSOO to be P a s °^ r °°f /Jf) 1"500 1.000,000 gallons; (d) the balance of .£2500 to be paid to the °" » ° flU ° nS ° l . minCTal claimant giving necessary proof to receive respectne bonus. ~ _ PRELIMINARY tioKs ..Ea. oil." EXPERTS' iHEPORTS.-rThe jlritish t^?mXf>^a£fa , «TSSS. SS pc-rties, commissioned Mr.. . {JuT Yjm i n tlio professional work done in connection with these properties is Dr. J. M. who^w™ until rewntlj-, head of the Geological Survey in New Zealand. One statement made by Mr. Henry reads;— ' "The property. in a more conspicuous degree than any of Brihas the primary essentials of an oilfield. y'" ana | yses show , is of the very highest quality, and a po\uion d arWter aP ensihng the casy and economical delivery of plant and export of the crude and refined products." ' Dr. Bell, in his Report, says.— T.-.-.i-j district New Zealand, together with the production which has at"The geological structure cxis tence of an important oilfield. Of prime importance m the tended initial developmental work, ir. covered by this report, including as they do the Moturoa block, light.of present knowledge are the proper we)| » yie | d i n0 petroleum of the highest quality. These oil which fringes New Ptymouth Harbour value are from their position capable of more expeditious and economical properties, which possess great I am d . Oil production here, considering the geographical development than any others with whic commercial and defence standpoints, possesses unique advantages; and'the morf affords a moft promising enterprise for the investment of capital." ' ( FUTURE OPERATIONS.-The primary objects of this Company will be:(4) The gradual development of the reserve territories. .. lei- The « 9 n«rs?on o cf°tha n t purely Lai industry into a modern oilfield business with ample finance and a thoroughly experienced management. . ' , • •' t,- Y-„„ rwfal Guaranteed by the Vendor Company under contract No. 3). will, in the opinion of the Comi^^s ID t^h™ic^ Enable this Company to carry out the above work in the most thorough and . expeditious manner.. . , • ' «. mi I • l„j * refinftrr erected upon the propertr, and having a capacity of 10,000 gallons per toy*!*Kcan be added to without any disturbance of the erection. QUALITY OF THE OIL.-Oil from the wells has been analysed by Messrs. A. F. Craig and Co., of Paisley, Scotland. The conclusion of their Keport reads as follows:- - "This is a crude P etr handled and obtained from it and the characier o v hoav o . ( frflm th# fi|>sl d|Sl ||| a( | on »!.«' M er,.1.111.. alruclar. "The spirit and : finished kerosene are of first-class quality, water-white, and of good smell. "We are aware of no natural petroleum which hai been found to be so rich in this valuable product. - . • on which the wells have been drilled are, on their western boundary, within^lso'yards of the Seashore of New Plymouth Harbour. A public road and the State Branch railway connects New Plymouth with the wharves and breakwater. The Company's Experts b the |and adient and lhe depth of wa u r at the loading us to say that unsurpassed positional advantages." II nnlirv nf the Dominion ensures operators an unassailable home market, while, „ t3ke a " th 6 SUrpIUS oil Pr ° dUCed ' Theref ° r6 the " 01 reSOU '' CeS 'W ">'" m "' m "* ,m ■ _ Mr. lienry ,h„ „ -I.H, • "The entire PJ 0 P?. SI ' 10 " , , nd markctinq of petroleum under the most favourable economic and tradil d Tr,in oMhe mSst Colonies'of the Empire." Tho 9 Con"p al1 y will pay a brokerage of sixpente por Share on all Shares allotted to persons other thau sub-underwriters ° n 'S H SmiS S eS2 a a re br iimaiTt inclusive of amount payable to the British Empire Oilfield,, Limited, but exclusive of brokerage. rcrwiuM A NEW ZEALAND REGISTER OF SHAREHOLDERS IN DUE COURSE. IT IS INTENDED TO ESTABLISH A Ntfl * Dated this 28th. day of March, 1012. Anniiratinn<; for *\wcs in Km Zealand and Australia will be received on behalf of the Company hu thP Bank of New Zealand, at any of its principal Branches, or at the Offices of the TARANAKI PETROLEUM COMPANY, LIMJTED, New Plymouth; by MR. A. T. BATE, Shmbroker, Math<w's Buildings, Wellington; ana by THE PRINCIPAL SHAREBROKERS THROUGHOUT THE DOMINION. Special Note.—Since the Prospectus was printed • cut? f'FO'RfT'F f'LIFrOED, Bart., Stonyhurst.. CHEI&TCHIjRCH, aud SIR JOHN LANE HARRINGTON, K.C.M.G., Chairman of the Oil Trust, Ltd., LONDON 'Have consented to ioin the Board of D.ire.ctors after allotment.