Page 2 Advertisements Column 2

Taranaki Daily News, Volume XLVII, Issue 8136, 16 June 1906, Page 2

PROSPECTUS OF THE Taranaki Petroleum Coy. Limited. (A Company incorporated under "The Companies Act, 1903.) Directors 1 DANIEL BElillY, New Plymouth, Merchant MURDOCH FRASER, New Plymouth, Merchant GEORGE CHARLES FAIR, Now Plymouth, Oil Expert JOHN WALTER WILSON, New Plymouth, Warehouseman WILLIAM HUMPHRIES, New Plymouth, Merchant MICHAEL JAMES JONES, New Plymouth, Architect JOHN ROLLO, New Plymouth, Engineer (The First Meeting of Shareholders will be held not less than one month or more than three months from the time the Company becomes entitled to commence business, at which meeting Messrs J. W. WILSON, W. HUMPHRIES, M. J. JONES, and J. ROLLO will vacate office (but be eligible for election), and the Meeting will elect four Directors in their stead). Bankers: THE DANK OF NEW ZEALAND. Brokers e New Plymouth: Mr W. BEWLEY Auckland: Messrs FRATER BROS. Wellington: Messrs BARB, LEARY & CO., Messrs W. EAST & EAST, and MR J. M. HUME Christchurch: Messrs R. HILL-FISHER & SON, and Messrs F. GRAHAM & SON Dunedin: Messrs QUICK & SMITH Auditors: ~^3 Messrs T. 0. KELSEY and HUGH BAILY, New Plymouth Solicitors; Messrs GO VET f '& QUILLIAM, Devon Street, New Plymouth. Secretary: DAVID LAING, Egmont Street, New Plymouth. The objects and powers of the Company are set out in the Memorandum of Association. The Capital of the Company is £120,001), divided into 120,001) sharis of £1 oach It is proposed to acquire from the Liquidator of the Moturoa Petroleum Company Limited, the whole of its business, assets (other than money) and undertaking, in consideration of the allotment to the Liquidator or his nominees of 56,000 ordinary shares in this company, credited as fully paid up, but no formal Contract ha* been executed bet\\ een the Moturoa Petroleum Company, Limited. or the liquiJatnr iind this Company, binding this Company to purchase the said business, asssuu uud undertaking. The remaining ordinary shares in thi capital of the Company are now offered to the public for subscription, to bi paid as follows: - 2/0 per share on application, 2/t> per share on allotment, and the balance as and when required by calls of not exceeding 2/(3 per share al intervals of not less than sixty days. All shares are to rank for dividend according to the amount paid uj thereon. The Moturoa Petroleum Company, Limited, is registered under " The Companies Act, 1903," and its registered oflico is in Egmont Street, New Plyuioutu. The assets proposed to be acquired from the Moturoa Petroleum Company, Limited,

consist of Petroleum boring "plant, a freehold section (containing 0 acres, 3 roods, 32 poles) at Moturoa, and a number of boring rights over a large area of land in Taranaki. A list of tlie plant, t!ie title to the freehold section, and thojnstruments relating to the boring rights, may be inspected at the offices of the Company's solicitors. No valuation of the plant, land or boring rights has been or is intended to be made on behalf of this Company. The Directors of this Company are interested in the property proposed to be acquired from the Moturoa Petroleum Company, Limited. * to the extent only of their interests as shareholders in that Company. The following arc the particulars of the number of shares held by the Directors of the Company in the Moturoa Petroleum Company, Limited Me Daniel Berry is the holder of four ordinary £5 shares and £1 one preference share. Me Mubdoch Fbasee and another are the holders of two ordinary £5 shares. Me Geoege Chables Faie is the holder of 51 ordinary £5 shares. Me John Waltee Wilson is the holder of five ordinary £5 shares and nine £1 preference shares. Me William Humphries is the holder of one ordinary £5 share an • five £1 preference shares. Mb Michael James Jones is the holder of three ordinary £5 shares. Mb John 80110 is the holder of two ordinary £5 shares and live £1 preference shares. Mb Geoege Chables Faie is also a Director and the Manager of the Moturoa Petroleum Company, Limited. The preliminary expenses of and incidental to the formation and establishment of this Company and until this Company shall be entitled to commence business, are estimated to amount to £l5O, and will be borne by the Company. By its Articles of Association the Company is authorised to pay a commission of not exceeding five per centum, to any person in consideration oi his subscribing or agreeing to subscribe whether absolutely or conditionally, for any shares in the Company, or procuring or agreeing to procure subscriptions, whether absolute or conditional, for any shares. The following are tin Clauses in the Articles of Association, fixing the number of shares required ior a Director's qualification, and as to the remuneration of Directors No. 89—The qualification of every Director shall be the holding in his . own right of five shares. No. l Jl—The Company in general meeting shall from time' to time'detcrmine the remuneration to be paid to the Directors. If, in the opinion of the Board, it is desirable that anyjof their number make any special journeys, or perform any special services, on behalf of the Company, or its business, such Director or Directors shall be paid such reasonable additional remuneration and expenses therefor as the Board or Company may from time to time determine. A Director may hold a place of profit under the Company, as Manager or Managing Mrector of the Company. Applications for shares should be made and sent to any of the Company's Brokers, together with the amount payable on application. If no allotment is made, the deposit will be returned in full and if the number of shares allotted on any application is less than the number applied for, the balance of the application moneys or a sullicienl part thereof will be applied in reduction of the amount due on allotment. Prospectuses and forms of application for shares may be obtained from the Secretary or from any of the Company's Brokers. The Minimum subscription on which the Directors may proceed to allotment is 15,000 shares. As the minimum subscri ;;„mt be allotted within W) days after the first issue of the Prospectus, The Subscription List will Close on the 01st day of duly next, OE SOONER IF SO DECIDED BY THE DIEECTOES. [This Prospectus has been duly filed with the Eegistrar of Joint Stock Companies.] Dated the first day of June, ltlOli.

KTISTIC SINGING, VOIUIi-' l PRODUCTION, & PIANOFORTE. MISS MURRAY, Pupil of Mr Hamilton Hodges, Auckland. J Is prepared to receive pupils for tliej above. PHYSICAL DEVELOPMENT. BOXING. WRESTLING, JIU-JITSU.