The Malvern Hills station, Otago, has (says the Daily Times') again changed hands, Colonel Whitmore having sold it to Mr. James Coyle, of Tasmania, for £130,000. The Hawke's Bay Herald says :—“ We hear that shares in the Poverty Bay Petroleum Company are being taken up by people at Wellington. This is the first instance we have heard of persons outside the locality going into the speculation, and it indicates increased confidence in the undertaking- Probably the visit of Dr. Hector to the Oil Springs, and favorable reports from him on the prospects of the shareholders, have had something to do in bringing this about.” ’This, however, is slightly incorrect. Dr. He- ctor has done good service in the matter no doubt, but the recent application for shares is no.t, by any means, “ the first instance of pei "sons outside the district going into the speculation,” although the Editor of the Herald ma y kjC have heard of it.
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Poverty Bay Standard, Volume II, Issue 165, 28 April 1874, Page 2
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158Untitled Poverty Bay Standard, Volume II, Issue 165, 28 April 1874, Page 2
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