SEARCH FOR OIL
-Preas AsBociation.)
Question of State Ownership of Resources
(By Telegraph-
DARGAVILLE, Last Night. In response to an enquiry concerning the recent remarks made in New Plymouth by the Minister of Miues, tfie Hon. P. C. Webb, tfie Under-Secretary of Mines. Mr A. Tyndall, wfien interviewed tfiis afternoon, said: "The remarks of tfie Minieter in regard to the proposed nationalisation of our oil resources are being misinterpreted to some extent. Contrary to the suggestion that tfie Minister 's statement is discouraging to private enterprise in tfie search for oil, it is a paradoxical truth that no major private oil interest will .embark on a comprehensive drilling programme in New Zealand unlese the national ownership of potential oil rosources is i flrgt of all established. Legislative precedents for- such a policy already exist in England, Vjctoria an.d Western Australia,"^. "
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Bibliographic details
Hawke's Bay Herald-Tribune, Issue 175, 11 August 1937, Page 6
Word Count
140SEARCH FOR OIL Hawke's Bay Herald-Tribune, Issue 175, 11 August 1937, Page 6
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