Page 6 Advertisements Column 2

Stratford Evening Post, Volume XXXII, Issue 91, 16 April 1912, Page 6

The Subscription List is now open. It will definitely close on 01 before Wednesday. 24-th April, 1912. ABRIDGED PROSPECTUS. This Prospectus is being issued in Great Britain, New Zealand and Australia. A COPY OF THIS PROSPECTUS HAS BEEN FILED WITH THE RE C : ST RA R OF JOINT STOCK COMPANIES. S ■ 3 A m I II IS Hi m ZEALAND LIMITED. •? L Incorporated unde? the Companies (Consolidation) Act, 10C8, of Great Britain. CAPITAL £400,000. DIVIDED INTO 400,000 SHARES OF £1 EACH. SUBSCRIPTIONS ARE MOV/ INVITED FOR AM SSSUt OF 275,000 SHARES OF £1 EACH, AT PAR, PAYABLE AS TO 2s per Share upon Application. Ss per Share upon Allotment. And the Balance as and when Toured in Calls not exceeding 5s per Share, at intervals of not Ess than time mouths. OF THE ABOVE ISSUE SUBSCRIPTIONS FOR 159.000 SHARES ARE GUARANTEED.. After payment of the cash portion of ■■the purchase consideration the present issue will If fully subscribed, provide a sum of about £2OO 000 far Working/Capital, Payment of Preliminary Expenses and the genera! purposes of the Company. 41,000 Shares are held in reserve for issue to provide further Working Capita! if and when !CQu ' ired ’ LOMCON BOARD OF DIRECTORS i EARL OF RAX F URL Y, O.O.ftLO. (Chairman) [GhairmanCLondsn. Board), Colonial Mutual Life Assurance Society, Limited!, 33, Lennox Gardens, London, S..W. 3VIAJGK DUDLEY ALEXANDER, C.M.C., 6, St. James’ FEsce, London, S.W. JOSEPH BRAiLSFORD (Chairman, Ebbw Vale Steel, Iron, and Goal Company, Limited, ana Hudson’s Consolidated, Limited), Leesons, Cfilslehurst). &MBBEW L. HORMiI?, K.G., M.P., 34, Rtzwiiiiam Place, Dublin. ADVISORY BOARD IN NEW ZEALAND. n- CARTER (Chairman, Taranaki Petroleum Company, Limited), Devon iStreet, New Plymouth. li, J. OKEY, M.P., New Plymouth. Technical Advisor: J. D. HENRY, 4, London Wall Buildings, London, E.C. Bankers: PARR’S BANK, LIMITED, 52, Threadneedle Street, London E.C. THE BANK OF NEW ZEALAND, 1, Queen Victoria Street, London, E.C. London Solicitors; ALLEN EDWARDS and OLDFIELD, 16, Eastcheap, London, E.C. NBW Zealand Solicitors: GOVETT and QUILLIAM, Devon Street New Plymouth WES lON and WESTON, Brougham Street, New Plymouth. Brokers: HARRY FRANKLIN and Co., 23, Austin Friars, London, E.C. Auditors: DELOITTE .BLENDER GRIFFITHS and Co., 4, London Wall Buildings, London, E.C. v Secretaries and Registered Offices: THE OIL TRUST, Limited, 4, London Wall Buildings, London, E.C. PROSPECTUS. OBJECTS. —This Company has been rights' of The Taranaki Petroleum Comp New Plymouth in Taranaki, North Mane, . ~ Derby at tidewater, a drilling and operating equipment and boring rights over three separate territories carefully selected as the result of expert 'advice founded upon indications ot oil and gas. The total area over which boring rights extend is, approximately, 4800 acres. GOVERNMENT SUPPORT, AND SONUS OF £10,003.— I The Government has from time to time made offers of £IO,OOO, allotted as follows:—(a) £2,500 to Jienaid on proof being submrttedjjhat.noteless than 250,000 aliens of marketable crude ‘oil has been won;-(b) £2,out) on 50,000 gallons ; ‘ (c) £2,500 on 1,000,000 gallons; (d) the balance of £2,500 to be paid U the person or company w 500,000 gallons of refined mineral jil; die first claimant giving ho first produces by his or its own refining plant, necessary proof is to receive respective bonus. PREP IMINARY OPERATIONS. —The Taranaki Petroleum Company n Limited, Brougham Street, New Dminal capital £150,000) was formed in 1906. Fiv wells have been drilled qn the property S y be operated by this Company; in three of these oil was secured under conditions fully described in the reports of the experts A fourth well has now struck oil; a recent telegram announces that the wells are at present flowin o- at the rate of 360 barrels per week. In order that the pioneers might benefit by the Government bonus labove referred to) oil has been allowed to come to the surface by natural, flow. . On May 11th, 1911, the pioneer Company was paid the first instalment (£2,500) of the bonus on the production -of , 200,000 gallons of “marketable crude oil.” i the ill 11-known New Zealand experts, ana assocmieu »iui mm m u... ~ “ties is Dr. J. M. Bell (Messrs. Bell and Fraser), who was, until recently, mead ot the Geological Survey New Zealand. One statement made by Mr. Henry reads: — ra'aniAs* has "the primary essentials of an oilfield in which cne can with confidence recommend an investment of’British and Colonial capital; it has production, oil which, as analyses show, is of the very highest quality, and a position at tidewater ensuring the easy and economical delivery of plant and export of the crude and refined products.” Dr. 8011, in his Report, says : “Th* p°oicgica! structure of the Taranaki District, Mew Zealand, together with the production which attended tnliial developmental work, indicates the existence of an important oilfield. Of prims Ull " _ _ . jl ■ Ui, l-Uir. onnnrf 5 m In 9 !i rye r» 4- Rn /m r has imnnrTance Vn the light present knowledge are the properties covered by this report, including as they lin iiis asotarca Block, which fringes Now Plymouth Harbour ant! encloses wells yielding petroleum of the highest nualUv Those oil properties, which possess great potential value, are from their position capable of more *yo«dltious and economical development than any others with which 0 am acquainted. Oil production affords a most prom FUTURE OPERATIONS. —The primary objects of the Company will he:— m Thfl erection of an up-to-dats Refinery. (9.) The immediate despatch to New Zealand of an expert -Hiin®*staff" CD The immediate drilling of additional wells on the proven property. (4) The gradual develop- ' §fS reserve territorisc. (5) The organisation of an oil sales department, and generally, (6) The conversion what has hitherto been a purely km! industry into a modern oilfield business with ampls finance and a thcr1Y ®hnurn" l Vf of- Capital (guaranteed by the Vendor Company under Contract No. 3) will, in the ,inion of the Company’s technical ad-sors, enable this Company to carry out the above work in the most iorough cagt nf a re f\ ncrv erected upon the property, and having a capacity of 10,000 dlons per day," is £23,000. As the output is increased this refinery can he added to without any disturbance of the dginal erection. QUALITY OF THE OlL.— Oil from tlm wellS ( has been analysed by Messrs. A. F. Craig and Co., of Paisley, lotlancl. The conclusion of their Repa-t rea 1 aids as follows du o'jrtyg ?s a crude petroleum of the most excellent quality both as regards the market value of the pro*c a hV a in»d from it and the purity and character cf these products themselves. Tne petroleum is Lu* ll anu wise * —7” — t -- ------ and refined at low cost, and the solid paraffin can bo extracted csircct from the heavy oil, from tho first distillation without any chemical treatment whatever, and is of excellent colour and crystalline structure. greatly We are aware of no natural petroleum which has been found to bo so rich in this valuable product,” POSITION OF THE PROPER IT ES.—The plots on which the wells have been drilled are on their west- „ i in nnd-u-v within 150 yards of the seashore of New Plymouth Harbour. A public road and the Mate Branch ill way connects New Plymouth with the wharves and breakwater. The Company’s Experts say rt „, relationship of tha hold to the harbour, the land gradient, and the depth of water at the loa ng" point enable us to say that the property has unsurpassed positional advantages. Me d/cts! The well-known protective policy cf the Dominion ensures operators an unassailable home ark«t whfio whon an export buslhras has been organised, Australia should take all the surplus oil produced. fercfoVc thaso oil resources can be developed regardless of foreign operations or competition. i-. Henry concludes his Report upon the properties as follows “The entire proposition can be recommended on the ground that it s complete in every detail, embracing it doe" th« production, refining, and marketing of petroleum under the most favourable, economic, and findg conditions" in ono of the most progressive Colonies of the Empire.” iderw The Company will pay a brokerage of sixpence per Share on r writers on application forms ho irnig a broker s stamp. .... • /\ il-iinn -O/ n + IHP nCIVA r\V all Shaies allotted to persons other tha vi-H ertj on nm> Ucation terms no mug a oium-i » . The'preliminary expenses arc estimated at £6OOO, inclusive of amount payable to the British Empire OilIds, Limited, but exclusive of brokerage. IS INTENDED TO ESTABLISH A NEW ZEALAND REGISTER OF SHAREHOLDERS IN DUE COURSE. Dated this 2Sth day of March, 1012. ,(i„fi nn t cr singes in Mew Zealand and Australia will be received on behalf of the Company by tho Bonk of V?£ 0? Sv Of its principal Branches, or at the offices of the TARANAKI PETROLEUM COMPANY, JITED Mew Plymouth;by THE TARANAKI SHAREBROKERS’ ASSOCIATION, Now Plymouth; and by' E PRmCIPAU SHAREBROKERS THROUGHOUT THE DOMINION.; SPECIAL NOTE.—Since the Prospectus was printed SIR GEORGE CLIFFORD, Bart,, Stonyhurst, SIR JOHN LANE HARRINGTON, K.C.M.G., consented to join the Board of Directors after allotment. TRTSTCHUECH, and iiairman of the Oil Trust, Ltd., LONDON. have