Page 2 Advertisements Column 2

Taranaki Daily News, Volume XLVII, Issue 8139, 22 June 1906, Page 2

PBOSPECTUS OF THE Taranaki Petroleum Coy. Limited. (A Company incorporated under "The Companies Act, 1903.) Directorss DANIEL BEBBY, Now Plymouth, Merchant MUEDOCH FBASEE, New Plymouth, Merchant GEORGE CHARLES FAIB, New Plymouth, Oil Expert JO 1 IN 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 hold not less than one month M more than three months from the time the Company becomes entitled to commence business, at which meeting Messrs J. W. WILSON, W. HUM-, PHRIES, 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 1 THE BANE: OF NEW ZEiLAND. Brokers : New Plymouth: Mr W. BEWLEY Auckland : Messrs FRATEE BEOS. Wellington: Messrs BARE, LEAEY & CO., Messrs W. EAST & EAST, and MR J. M. HUME Christchurch: Messrs E. HILL-FISEEE & SON, and Messrs F. GEAHAM & SON Duucdin: Messrs QUICK & SMITH Auditors : Messrs T. 0. KELSEY and HUGH BAILY, New Plymouth Solicitors: Messrs GO VET I' & QUILLIAM, Devon Street, New Plymouth. Secretary s 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 £120,000, 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 Moturoa or the liquidator and llii said business, assscts and u capital of the Company aru paid as follows: Petroleum Company, Limited. i C impiny, binding this Company to purchase the luU'rukins;. The remaining ordinary shares in the no* ottered to the public for subscription, to be 2/0 per share on application, 2/0 per share on allotment, and the balance as and wliou required by calls of not exceeding 2/6 per share at intervals of not less tliau sixty days. All shares are to rank for dividend according to the amount paid up thereon. The Motunoa Petroleum Company, Limited,

is registered under "The Companies Act, 1'J03," and its registered office is m Egmoat Street, New Plymouth. The assets proposed to bo 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 larjje area of land in TaranaM. A list of the plant, the title to the freehold section, and the instruments 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, Limitedi to the extent only of then' 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 Daxiel Bebey is the holder of four ordinary £5 shares and £1 one preference share. Me Mpedoch Pbasee and another are the holders of two ordinary £5 shares. Mb 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 Htjmpheies is the holder of one ordinary £5 share ani five £1 preference shares. Mb Michael James Jones is the holder of three ordinary £5 shares. Mb John Eollo is the holder of two ordinary £5 shares and fivo £1 preference shares. Mb Geoege Chables Faib is also a Director and the Manager of the Moturoa Petroleum Company, Limited.

The preliminary expenses ot and incidental to the formation and estab lishnient of this Company and until this Company shall bo entitled to commence business, are estimated to amount to £l5O, and will bo borne by the Company. By its Articles of Association the. Company is authorised to paj a ission 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 i 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 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 ur juanagmg director 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 iE the number of shares allotted on any application is less than the number applied for, the balance of the application moneys or a sullicicnt 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 subscriptii first issue of tho Prospectus, st be allotted within 90 days after the The Subscription List will Close on the 31st day of July next] OE SOONEE IF SO DECIDED BY THE DIEECTOES. [This Prospectus has been duly li Companies. | Dated the first day of Juuc, 1906. lth the Eegistrar of Jomt Stock

RTISTIC SINGING, VOIOJiI PIIODUCTJDN, & PIANO- j FOItTE. MISS MURRAY, Pupil of Mr Hamilton Hodges, Auck-j Is prepared to receive pupils for the above. Deep Bkeattung, which is the foundation of correct singing, a specialty. < Terms. &c. on application. Adilres—Mrs BROWN'S, corner Vivian and Kobe streets

PHYSICAL DEVELOPMENT. BOXING. ;WRESTLING JIU-JITSIT. Dlilir -UK KATHING" Excrcis anil a course; of physical Ira ing, ia four lessons, at Mr Taylo Central School Gymnasium, Honda and Wednesdays, at 7,:!0 u.m. Terms on application to PUOF. J. J. STAGPOOifi,