Page 2 Advertisements Column 2

Taranaki Daily News, Volume XLVII, Issue 8136, 19 June 1906, Page 2

PROSPECTUS OF THE Taranaki Petroleum Coy. Limited, (A Company incorporated under "The Companies Act, 1903.) Directors: DANIEL BEERY, New Plymouth, Merchaut MURDOCH FRASER, New Plymouth, Merchant GEORGE CHARLES FAIR, New Plymouth, Oil Expert JOHN WALTER WILSON, New Plymouth, Warehouseman WILLIAM HUMPHRIES, New Plymouth, Merchant MICHAEL JAMES JONES, Now 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 BANK OF NEW ZEALAND, Brokers : New Plymouth: Mr W. BEWLEY Auckland : Messrs FRATEE BEOS. . Wellington: Messrs BABE, LEAEY & CO., Messrs W. EAST & EAST, and ME J. M. HUME Christchurch: Messrs E. HILL - FISHER & SON, and Messrs F. GRAHAM & SON Dunedin: Messrs QUICK & SMITH Auditors i Messrs T. 0. KELSEY and HUGH DAILY, New Plymouth Solicitors: Messrs GOVETf & QUILLIAM, Devon Street, New Plymouth, Secretary: DAVID LAING, Egmont Street, New Plymouth, The objects and powers of the Company arc set out in the Memorandum of Association. The Capital of the Company is £120,000, divided into 120,000 shares 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

Motunoa Petroleum Company, Limited. or the liquidator Siul this Company, binding this Company to purchase tlio said business, asssei.s an I undertaking. The remaining ordinary shares in the capital o£ the Company 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 and when required by calls of not eieeediug 2/(5 per share at intervals of not less than .<ixty 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, 1903," and its registered oflico is m Egmout Street, New Plymouth. The assfets proposed to be acquired from the Moturoa Petroleum Company, Limited, coniflst 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 fivchold section, and the'jnstruments 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 arc interested in the property proposed to be acquired from the Moturoa Petroleum Company, Limited. to the extent only of thcii* 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 Mb Daxiel Beeiiy is the lioElcr of four ordinary £5 shares and £1 one preference share. Ale Mubdocii Fbaseb and another are tho holders of two ordinary £5 shares. Mb Geobge Chables Faie is the holder of 51 ordinary £5 shares. Mb John Waltek Wilson is fclie holder of five ordinary £6 shares and nine £1 preference shares. Mb William Humfheies is the holder of one ordinary £5 share an r l five £1 preference shares. Me Michael James Jones is the holder of three ordinary £5 shares. Mb John 110110 is the holder of two ordinary £5 shares and fivo £1 preference shares. Mb Geobge Chables Faiu 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 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 tlie 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 arc the Clauses in the Articles of Association, fixing the number of shares required lor 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 Hoard, it is desirable that any [of 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 l irector 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, tho 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 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 subscription must In- allotted within tin Jays after the first issue of the Prospectus, The Subscription List will Close on the 31st day of July next, Oil SOONER IP SO DECIDKD BV THE DIRECTORS. [This Prospectus has been duly tiled with the Registrar of Joint Stock Companies, | Dated the first day of June, IUUG. to receive pinils for the! j~V mMJJiEATiriA'G Exercises, Deep Breathing, which is the foim- iiig, in four lessons, at Mr Taylor's dation of correct singing, a specialty. ! Central School Gymnasium, Mondays ... :i Titl \V oAin-iivlout' *7 *-in «-> m Terms. on application. Addrcs- and Wednesdays, at 7.30 ».n.. Mrs BROWN S, corner A ivian and Terms on application to HTISTIC SINGING, A r Oruif. . PRODUCTJIJN, & PIANOFORTE. PHYSICAL DEVELOPMENT. MISS MURRAY, Pupil of Mr Hamilton Hodges, Auckland. BOXING. WRESTLING JIU-JITSU. Robe streets, PROF. J. J. STAGPOOLE.