Southern Cross Petroleum Company.

Poverty Bay Standard, Volume XI, Issue 1273, 12 February 1883, Page 2

Southern Cross Petroleum Company.

We sincerely trust that the existing difficulties with reference to the failure or nonfailure of the Southern Cross Petroleum Company will soon be numbered amongst the things that were. By yesterday’s steamer from the south there were landed, in Gisborne, four gentlemen who are capable of giving an expert opinion upon this most important question, viz., : The future of the oil springs of Poverty Bay. The gentlemen in question were Mr Motley of Napier, Mr W. H. Spackman, Mr T. B. Craig and Mr E. Wickes of Chiistchurch. We do not think the work could have been entrusted to

better handi, or more clever financiers. Mr Motley is well-known as a shrewd bush neia man, Mr Spackman is & clever and much respected Barrister and Solicitor residing in Christchurch ; Mr Thomas Brown Craig is one ef the ablest accountants in the Southern Island, with a very large experience and a splendid business, and Mr Wickes is also known for his commercial knowledge and far-seeing capabilities. We do not think that the problem to be solved could be left in better hands, or alloted to wiser heads. The result remains to be seen. Whatever may he the upshot, or whether the offices of the Company are to be removed to Christchurch or not, we accord those gentlemen a cordial welcome and a pleasant trip, and we only hope they may give a good and favorable description of our township, because they are gentlemen in a position to lend us a helping hand, and it is in their power to do so.