PETROLEUM AT GISBORNEA BIG COMPANY FORMING. Sydney, January 11.
The directors of the South Pacific | Petroleum Company, which have their works at Gisborne, have resolved- to form a new company with a capital of ;£160,000, in £1 shares. The 'present shareholders are to receive £ 1 per share in cash) and 60,000 shares divided in proportion to the number of shares held at present. The new company will lay the pipe-line and I build the necessary tankage and machinery required for -refining the oil. It is stated there will be no difficulty in floating the new company, as all the shares can be taken up. here.
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Te Aroha News, Volume V, Issue 237, 14 January 1888, Page 1
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105PETROLEUM AT GISBORNEA BIG COMPANY FORMING. Sydney, January 11. Te Aroha News, Volume V, Issue 237, 14 January 1888, Page 1
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