COMMERCIAL
OIL PROSPECTING
TARANAKI DEVELOPMENT
The board of Taranaki (New Zealand) Oil Development Company, No Liability, has announced that the offer to shareholders of a second issue of shares in the company met with a satisfactory response, 112,803 shares being applied for and allotted. The issues capital of the company now consists of 355,782 contributing shares of £1 each paid to Is, 100 shares of £1 each fully paid in cash, 4740 shares of £1 each issued as fully paid in terms of the prospectus of the first issue.
Now that the New Zealand Petroleum Company has placed orders for the early shipment of Us second large drilling plant, and all the accessory equipment for an active drilling campaign in Taranaki, this company is making necessary calls to cover the expenditure. As a result, the Taranaki Development Company, to provide funds to finance its 20 per cent interest, is. making a call of Is a share on December 13. It is anticipated that subsequent calls will bcCd a share.
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https://paperspast.natlib.govt.nz/newspapers/GISH19391129.2.62
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Gisborne Herald, Volume LXVI, Issue 20107, 29 November 1939, Page 6
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169COMMERCIAL Gisborne Herald, Volume LXVI, Issue 20107, 29 November 1939, Page 6
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