Page 3 Advertisements Column 3

Poverty Bay Standard, Volume I, Issue 54, 21 May 1873, Page 3

New Advertisements. TO - BOARDING-HOUSE KEEPERS, PUBLICANS, AND OTHERS. . TO LET OR SELL, THE SHAMROCK HOTEL. That New, Commodious, Substantially-built, Family Hotel and Boarding House, at present in the occupation of the undersigned. The property stands on Town section No. 36; is pleasantly situated at the corner of Childersstreet and Lowe-street, Gisborne, and commands an extensive view of the Water and. Plains of Poverty Bay. It consists of a main three-story building, containing Commercial, and Dining Rooms, and Private Suites for Families. There are also nine spacious bedrooms, capable of accommodating 20 boarders. The Out-offices consist of a detached kitchen fitted with a first-class ‘ Economist ’ cooking range ; a compact brick oven, and all necessary culinary arrangements required for a first-class buriaess. ‘' A large well containing rain water, supplied from the main building, is sunk on the premises; substantially built with brick and Roman cement; it holds 1,600 gallons, and is fitted with a new pump. The Hotel FURNITURE, FITTINGS, and EFFECTS, will be taken at a valuation, separately, for cash. N.B. —A License has been granted to the Shamrock Hotel from the Ist of July next. For further information apply on the premises to WILLIAM DALY, ' ■ Proprietor. THE POVERTY BAY PETROLEUM AND KEROSINE COMPANY. (limited). To be incorporated under u The Joint Stock Companies Hets." CAPITAL—£SO,OOO in 10,000 shares of FIVE POUNDS EACH. Payments— Shillings per shpre onapplication and the balance as may be required. :r i • ;,i.n DIRECTORS: Chairman 1. ..I .A. .'.X. J. Esq. .ii.. .1. Li.. Esq. Esq Esq. Esq. ...Esq. BANKERS : SOLICITOUS : BBOKEBS: Auckland -Napier Wellington ..,.....,.>... Dunedin Nelson Christchurch. -'■•l i i ‘ : SECBETABY: ! ' TEMPOBABY OFFICES: r. ■: -M-' : ; -: 7 PROSPECTUS. ' • ' £ j rpHIS Company is lobe formed for the purpose of obtaining Petepleum and manufacturing kerosine therefrom, in the Poverty Bay District. ■ •. 'f t>• * r < 'The land Which it is intended shall Ke prospected for oil, is called or known by the name: of the “Pakeke a Whirikoka” Block, and is situated about 30 miles from Gisborne. No ■ engineering difficulties exist ais to-the formation ■■ of a road or tramway. Messrs. Cooper and Roes have obtained on favorable terms a lease of the above-named Block, from the Crown Grantees, tor the term of twenty-one years. Mr. Boes, who has reported on the probability of striking payable oil, has had some years experience in working Petroleum springs in Pennsylvania, America. Mr. Cooper is by trade wn eiL-refiaer. 1 ' J It has for some years past been well known that Petroleum exists in great'quantities on this block of land, so far as is indicated by exudation of .cyude oil from the soil. The name <|f the block, ‘‘Pakeke,” or the “Whale,” shews that the natives have been long aware of the fact that an oily substance’“lrinu** exudes from tbfe earth in tins locality. £ It cannot of course be definitely said that y*y»We petroleum wfil be tound, takrag into consideration the fact that in America the slightest signs of oil will induce capitalists to buy up land at enbrinous cost, and test the springs, it must. ntoewrilK be worth the while <rf capitalists in New Zealand to invest a comparatively small sum of money for the purpose of testing there springs where -the indications are re great or greater than, as it can be proved, ever manifested timnridvea hr Pennsylvania, at ctiur ofl-beariug districts in America. exudes parent m some forty or Sty of what are tertudd “oil springs,” the whole being within a radius 04 BhreXtodttat, say,£s,ooowin beamply sufficient for the purpose of purchasing tnnng machinery, steam engine, and paying am labor and other expenses required for testing the springs. .ssixtZ