Page 2 Advertisements Column 2

Taranaki Daily News, Volume XLVII, Issue 8137, 18 June 1906, Page 2

PROSPECTUS OF THE Taranaki Petroleum Coy. Limited. (A Company incorporated under "The Companies Act, 1903.) Directors 1 DANIEL BERRY, Now 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 bo 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 BANK OF NEW ZEALAND. Brokers: New Plymouth: Mr W. BEWLEY Auckland: Messrs FRATER BROS. Wellington: Messrs BARR, 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 : Messrs T. 0. KELSEY and HUGH BAILY, Now Plymouth Solicitops: Messrs GOVETf & QUILLIAM, Devon Street, New Plymouth. Secretary: DAVID LAING, Egmont Street, New Plymouth,

The objects and powers of the Company are set out in tko Memorandum of Association. The Capital of the Company is £120,000, divided into 120,000 slur e of £1 each 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 con sideration 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 has been executed between the Motui'oa Petroleum Company, Limited. or the liquidator and this Company, binding this Company to purchase the said business, assseis ami undertaking. The remaining ordinary shares in the capital of the Coiup my arc now offered to the public for subscription, to be paid as follows: 2/6 per share on application, 2/6 per share on allotment, and the balance as aa.l when required by cails of not exceeding 2/6 per share at intervals of not less tlian sixty days. All shares are to rank for dividend according to the amount paid up thereon. The Moturoa Petroleum Company, Limited, is registered under " The Companies Act, l l J03," and its registered office is m Egmont Street, New Plymouth. The assets proposed to be acquired froui 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 the plant, the title to the freehold section, and relating to the boring riguts, 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 aro 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 are the particulars of the number of shares held by the Directors of the Company in the Moturoa Petroleum Company, Limited Me Daniel Bebby is the holder of four ordinary £5 shares and £1 one preference share. Mb Mcbdocii Feasee and another are the holders of two ordinary £5 shares. Mb Geobge Chablks Faib is the holder of 51 ordinary £5 shares. Mb John Walteb Wilson is the holder of five ordinary £5 shares and nine £1 preference shares. Mb William Htjmphkies is the holder of one ordinary £5 share anl five £1 preference shares. Mb Michabl James Jones is the holder of three ordinary £5 shares. Mb John Rollo is the holder of two ordinary £5 shares and five £1 preference shares. Mb Geobge Chables Faib is also a Director and the Manager of the Moturoa Petroleum Company, Limited. The preliminary expenses of and incidental to the formation and estab lishment of this Company and uutii tins 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 of 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 the 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. 91—The Company in general meeting shall from time to time determine the remuneration to be paid to the Directors. If, in the opinion of the Board, it is desirable that any [of their number make any special journeys, or perform any special services, on behalf of the Company, or its businoss, 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 Lircctor 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 sufficient part thereof will be applied in reduction of the amount due oil 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 subscripti m i. ust be allotted within 90 days after the first issue of the Prospectus, The Subscription List will Close on the 81st day of July next, OR SOONER IF SO DECIDKD 13V THE DIRECTORS. [This Prospectus has been duly filed with the Registrar of Joint Stock Companies.] Dated tho first day of June, 190 U.

HTISTIC SINGING, VOICE- 1 l PRODUCTION, & PIANOFORTE. PHYSICAL DEVELOPMENT. MISS MURRAY, Pupil of Mr Hamilton Hodges, Auckland. | la prepared to receive pinils for tlic above. Deep BiiEATinxu, which is the foundation of correct singme, a specialty. Terms. See., on application. Address: -Mrs BROWN'S, comer Vivian and' Kobe streets. BOXING. WRESTLING, JIU-JITSU. "EEPTbkEATHING Exercises, and a course; of physical training, in four lessons, at Mr Tnylor's Central School Gymnasium, Mondays and Wednesdays, at 7.H0 n.iu. Terms on application to PROF. J. J. STAGPOOLIi.