A PROMISING INVESTMENT

Stratford Evening Post, Volume XXXII, Issue 89, 13 April 1912, Page 4

A PROMISING INVESTMENT

THE TARANAKI N. Z. OIL WELLS LIMITED.

The prospectus of the Taranaki N. Z. Oil Wells Ltd., is issued to the public. The Board headed by the Earl of Uanfurly, is exceptionally strong. Sir Cieorge Clifford of Stonyuurst, Christchurch, and Sir John Lane Harrington K.C.M.G., of London, will join the Directorate after allotment. The Oil,Trust, Ltd., will act as secrataries and managers, and Mr. J. 1). Henry, the eminent expert whose report on Taranaki oil recently was so emphatic and enthusiastic, will continue to be the icchinal adviser.

1"no Taranaki N.Z. Oil Wells, Ltd, is fanned to acquire the oil rights over some live' thousand acres of oil lands at New Plymouth, so far held by tho Taranaki Petroleum Company, Ltd. On the property arc three flowing wells yielding fifteen thousand gallons of oil 'per week. Over three hundred thousand gallons are already stored ucmling the erection of a refinery. The quality of oil in the three wells now flowing is remarkably high containing over seventeen and a half per cent of paraffin wax. Craigs of Paisley, recognised authorities state :“We are awara cf no natural petroleum which lias been found to be so rich in this valuable product.” Taranaki oil lias become a practical enterprise of a magnitude which cannot fail to impress the public. It is significantly a development which means much to those who are in a position to acquire an interest. New Zealand as a Dominion, is naturally to a bigger extent still concerned in its success. The establishment and expansion of t’uis great industry should in short, be regarded as an important national achievement!