Page 2 Advertisements Column 2

Taranaki Daily News, Volume XLVII, Issue 8143, 28 June 1906, Page 2

PROSPECTUS OF THE Taranaki Petroleum Coy Limited. (A Company incorporated under "The Companies Act, 1903.) Directors i DANIEL BERRY, Now Plymouth, Merchant MURDOCH FRASER, New Plymouth, Merchant GEORGE CHARLES FAIR, Now Plymouth, Oil Export 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, H. J. JONES, and J. ROLLO will vacate office (but be eligible for election), and the Meeting will elect four Directors in their stead). Bankers s THE BANK OF NEW ZEALAND; Brokers 1 Now 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 1 Messrs T. 0. KELSEY and HUGH BAILY, New Plymouth Solicitors i Messrs GO VET! & QUILLIAM, Devon Street, New Plymouth.' Secretary: DAVID LAING, Egmont Street, Now Plymouth,

The objects and powers of the Company are set out in tlio 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 con sideration of the allotment to the Liquidator or his nominees of 60,000 ordinary shares in this company, credited as fully paid up, but no formal Contract has been executed between the Moturoa Petroleum Company, Limited. or the liquidator and this Company, binding this Company to purchase the said business, assscts and undertaking. The remaining ordinary shares in the capital of tho Company are 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 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 tho amount paid up thereon. The Moturoa Petroleum Company, Limited, is registered under ' The Companies Act, 1903," and its registered office is in Egmout 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 tho 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 arc 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 Dumber of shares held by the Directors of the Company in the Moturoa Petroleum Company, Limited: - Ms Dakiei Bebhy is the holder of four ordinary £5 shares and £'l one preference share. Me Mobdoch Phaser and another are the holders of two ordinary £5 shares. Mb Geobge Chables Faib is the holder of 51 ordinary £5 shares. Mb John Walteu Wilson is the holder of live ordinary £5 shares and nine £1 preference shares. Mb William Hmphbies is the holder of one ordinary £5 share anl five £1 preference shares. Mb Michaei James Jones is the holder of three ordinary £5 shares. Mb John 80110 is the holder of two ordinary £5 shares and Ave £1 preference shares. Mb Geobob 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 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 procuro subscriptions, whether absolute or conditional, for any shares. I'lic 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. 01—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 numbor make any special journeys, or perform any special servicos, 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 Lircctor of the Company. Applications for shares should be made and sent to any of the Company's lirokers, together with the amount.payableon application. If no allotment is made, the deposit will bo returned in full and if the number of shares allotted on any application is less than tlie 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 tlie minimum subscription must allotted within Dij days after flic first issue of the Prospectus, The Subscription List will Close on the 31st day of July next, OR SOONEE IP SO DECIDED BY THE Dili KOTO US. [This Prospectus has been duly tiled with the Registrar of Joint Stock Companies. | Dated the first day of June, IUOG.

A 11TISTIC SINGING, VOICEFOiITE. MISS MURRAY, Pupil of Mr Hamilton Hodges, Auck-I land. | Is prepared to receive pupils for the PHYSICAL DEVELOPMENT. BOXING. WRESTLING JIU-JITSU. iSKEATHING Exercises, and a course of physical training, in four lessons, at Mr Taylor's Central School Gymnasium, Mondays and Wednesdays, at 7.30 n.m. Terms on application to PBOF. J. J. STAGPOOi.fi