Page 2 Advertisements Column 2

Taranaki Daily News, Volume XLVII, Issue 8142, 27 June 1906, Page 2

PROSPECTUS OF THE Taranaki Petroleum Coy. Limited. (A Company incorporated under "The Companies Act, 1903.) Directors 1 DANIEL BERRY, New Plymouth, Merchant MURDOCH FRASER, Now Plymouth, Merchant GEORGE CHARLES PAIR, New Plymouth, Oil Expert JOHN WALTER WILSON, New Plymouth, Warehouseman WILLIAM HUMPHRIES, New Plymouth, Merchaut 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 whioh 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 Diroctors in their stead).

Bankersi THE BANK OF NEW ZEALAND. Brokers : New Plymouth: Mr W. BEWLEY Auckland: Messrs FRATER BEOS, Wellington: Messrs BARE, LEAEY & CO., Messrs W. EAST & EAST, and ME J. M. HUME Christehurch: Messrs R, HILL-FISEEE & SON, and Messrs F. GRAHAM & SON Duncdin: Messrs QUICK & SMITH Auditors i Messrs T. 0. KELSEY and HUGH BAILY, New Plymouth Solicitors i Messrs GOVETT & QUILLIAM, Devon Street, New Plymouth. Secretary s DAVID LAING, Egmont Street, New Plymouth, The objects and powers of the Company aro set out in tho 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 etroleum Company Limited, the whole of its business, assets (other than money) and undertaking, in eon sideration of tho allotment to the Liquidator or his nominees of 56,000 ordinary shares ill this company, credited as fully paid up, but no formal - Contract hasbeen executed between the

Moturoa Petroleum Company, Limited. or the liquidator and this Company, binding this Company to purchase the said business, asssets and undertaking. The remaining ordinary shares iu the capital of 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 exceeding 2/6 per share at intervals of not less than 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, 1903," and its registered office is in Egmont Street, New Plymouth. 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 Mjturoa, 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 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, Limited. to tie 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 Dakiel Bebey is the holder of four ordinary £5 shares and £1 one preference share. Me Mubdoch Fbasee and another arc tho holders of two ordinary £o shares. Mb Geoboe Chables Faie is the holder of 51 ordinary £5 share*. Me John Walteb Wilson is the holder of Ave ordinary £5 shares and nine £1 preference shares. Me William Htjmphbibs is the holder of one ordinary £5 sharo and five £ 1 preference shares. Mb Michael James Jones is tho holder of three ordinary £5 shares. Me John Eollo is the holder of two ordinary £5 shares and five £1 preference shares. Mb Geobob Chables Faie is also a Director and the Manager of the Moturoa Petroleum Company, Limited. Tho preliminary expenses of and incidental to the formation and estab lishment of this Company and until this Company shall be entitled to commence business, aro estimated to amount to £l5O, and will be borne by the Company. By its Articles of Association the Company is authorised to paj 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 for 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 mooting shall from time to time determine the remuneration to be paid to the Directors. If, in tlie opinion of the Board, it is desirable that any jof 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 liirector of the Company. ( Applications for shares should be made and sent to any of the Company s Brokers, together with the amount payable ou application, If no allotment is made, the deposit Hill 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 allotted within DO days after tinfirst issue of the Prospectus, The Subscription List will Close on the 31st day of July next, OE SOONER IF SO DECIDED BY THE DIKEUTOKS. [This Prospectus has been duly liled with the Kegistrar of Joint Stock Companies. | Dated the first day of Julie, IHOIS.

BTISTIO SINGING, VOICE. l FOitTE. PHYSICAL DEVELOPMENT. BOXING. JIU-JITSU. MISS MURRAY, Pupil of llr Hamilton Hodges, Anck-j land. j Is prepared to receive pinils for thei "Til *' L " SHEATHING Exercises, above. i and u course of physical trainDeep Bueathlnt., which is tlic foiin-i^' 1 ' n / ( ? li 1 r 'fT 18 ' at . Mr Ja 3 'lor' B dation of correct sing™,, a spec,ally. i M ° nd * yß Terms. Ac., on application. AdclrcsMI(S JURY'S, Courtenay street, opposite Dt Fookes'. and Wednesdays, at 7.30 li.m. Terms on application to PBOr, J, J. STAGPOOLfi