Page 2 Advertisements Column 2

Taranaki Daily News, Volume XLVII, Issue 8144, 29 June 1906, Page 2

Light Purses Buy BIG PARCELS CLEAN SWEEP SALE. PELLEW'S SALE. We don't need to quote prices here. Every line is greatly reduced. Come along SALE OPENS TO-DAY. DRAPERY, MILLINERY, CLOTHING, DKESS GOODS, SLAUGHTER RATES.

PROSPECTUS OF THE Taranaki Petroleum Coy Limited, (A Company incorporated under "The Companies Act, 1903.) Directors: DANIEL BEERY, New Plymouth, Merchant MURDOCH FRASER, New Plymouth, Merchant GEORGE CHARLES FAIR, New Plymouth, Oil Expert JOHN WALTER WILSON, Now 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, M. J. JONES, and J. ROLLO will vacate office (but be eligible for and the Meeting will elect four Directors in their stead). Bankers: THE BANK OF NEW ZEALAND. Brokers 1 New Plymouth: Mr W. BEWLEY Auckland: Messrs PRATER BROS. Wellington: Messrs BARE, LEARY & CO., Messrs W. ' EAST & EAST, and MR J. M. HUME Christcliurcli: Messrs R. HILL ■ FISHER & SON, and Messrs F. GRAHAM & SON Dunedin: Messrs QUICK & SMITH Auditors ; Messrs T. 0. KELSEY and HUGH DAILY, New Plymouth Solicitors! Messrs GOVETI & QUILLIAM, Devon Street, New Plymouth. Secretary; DAVID LAING, Egmont Street, New Plymouth,

The objects and powers of the Company are set out in the Memorandum of Association. The Capital of tlie Company is £120,000, divided into 120,000 shares of £1 each. It is proposed to acquire from the Liquidator of the Moturoa etrolcum Company , Limited, the whole of its business, assets (other than money) and undertaking, in eon sideration of the allotment to the Liquidator or his nominees of 50,000 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, asssets and undertaking The remaining ordinary shares in the capital of the 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 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 Egrnont 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, 8 roods, 32 poles) at Moturoa, and a number of bormg rights over a area'of land in Taranaki. A list of the plant, the title to the freehold section, and the instruments relating to the boring rights, maybe inspected at tho offices of the Company's solicitors. No valuation of the plaat, land or boring rights has boen 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 the extent only of their interests as shareholders in that Company, n i The following are the particulars of the number of shares held by the Directors of the Company la the Moturoa Petroleum Company, Limited i Mb Dajjiel Bebby is the holder of fuur ordinary £5 shares and £1 one preference share. Me Mpbdoch Fbaseb and another are tho holders of two ordinary £5 shares. Mb Geobge Ciiables Faiii is the holder of 51 ordinary £5 shares. Mb John Walter Wilson is the holder of five ordinary £5 shares and nine £1 preference shares.

Mb William Hmphbies is tlie holder of one ordinary £.5 share an! five £1 preference shares. Mb Michael Jambs Jones is the holder of three ordinary £5 shares. Mb John Kollo is the holder of two ordinary £5 shares and five £1 preference shares. Mb Geobge Cjiaeles Faib is also a Director and the Manager of the Moturoa Petroleum Company, Limited. The preliminary expenses of and incidental to the formation and cstab hshment of this Company and until this Company shall be entitled to com C»pany SmeSS '" r0 Cl * mWlnl £lso, ,lnd wiU bc born e by the

. ' ts Articles of Association ttic Company is authorised to mv n comm. n. onof not exceed,ng five-per centum, to any person in cons Latimof Ins subscribing or agreeing to subscribe whether absolutely or cond io™llv for any shares in the Company, ur procuring or agreeing to procure "u2w lions, whether absolute or conditional, for any shares. Ihc following are the Clauses in H.c Articles of Association, fixing the number of shares required to a Director s qualification, and as to the remuneration of Directors : No. 80 The qualification of ore:-/ . , lor shall be the holding in hs own right of five shares. b ls No 91-The Company in goner., I shall from time to time determine the remuneration to be pad to the Directors. If, i, tte opinion of the Board.it is dcs'.rable that any ; 0 f their mimber hphnW il nf r tl l "'r ]ourn ° rß : oi ; an y special services, oil i n l, th ?. Com ? all y> or 114 business, such Director or Directors e , pai / s reasonable additional remuneration and exEnnne " " mav from

A Director may hold a place of profit under tlie Company as laging Jurector of the Company. ' Applications for shares should be made and sent to any of tho Com. Urokers, together with the amount payable on application. If no allotment is made, the deposit will be returned in full ttn d if the number of shares al otied on any application is less than the number appl ed for, tho balance of the application moneys or a suflicient part thereof will be applied in reduction ot liie 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 a IW inent is 15,000 shares. 3 iroLCOa 10

As the minimum subscription must bo allotted within 00 davs after tlm first issue of the Prospectus, The Subscription List will Close on the 31st day of July next, OE SOONER IP SO DECIDED BY THE DIEEUTOES. [This Prospectus has been duly filed with the Eegistrar of Joint Stock Companies. | Dated the first day of June, 1006,