Page 3 Advertisements Column 3

Poverty Bay Standard, Volume I, Issue 55, 24 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 business. 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 Shamyook Hotel from the Ist of July next. For further information apply on the premises to WILLIAM DALY, Proprietor.

TUB POVERTY BAY PETROLEUM AND KEROSINE COMPANY. (limited). To be incorporated under “ The Joint Stock Companies Acts." CAPITAL —£50,000 in fO,OOO shares of FIVE POUNDS EACH. Payments— Ten Shillings per share on application and the balance as may be required. Directors: Chairman .Esq Esq. Esq Esq. Esq Esq. BANKERS: SOLICITORS: BROKERS: Auckland Napier ..........J. Wellington Dunedin ..;'. Nelson -....!. Christchurch SECRETARY: TEMPORARY OFFICES: PROSPECTUS. rpHIS Company is to be, formed for the pur* A- pose of obtaining Petroleum and manufacturing kerosine therefrom, in the Poverty Bay District. The land which it is intended shall be pro--spected 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 as to the formation of a road or tramway. Messrs. Cooper and Rost, nave obtained on favorable terms a lease of the above-named Block, from the Crown Grantees, for the term of twenty-one years. Mr. Ross, 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 an oil-refiner. 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 crude oil from the soil. The name of the block, “ Pakeke,” or the “ Whale,” shews that the natives have been long aware of the fact that an oily substance “ hinu ” exudes from the earth in this locality. It cannot of course be definitely said that payable petroleum will be found, yet, taking into consideration, the fact that in America the slightest signs of oil will induce capitalists to buy up land at enormous cost, and test the springs, it must necessarily be worth the*while of capitalists in New Zealand to invest a comparatively small sum of money for the purpose of testing these springs where the indications are as great or greater Hum, as it can be proved, ever manifested themselves in Pennsylvania, or other oil-bearing districts in America. The oil etudes not only in one spot but is apparent in some forty or fifty of what are termed oil springs,” the whole being within a radius of two square miles. . It is calculated that, say, £5,000 will be amply sufficient for the purpose of purchasing boring machinery, steam engine, and paying all labor and other expenses required for testing the springs.