Page 2 Advertisements Column 2

Taranaki Daily News, Volume XLVII, Issue 8145, 30 June 1906, Page 2

Light Purses BTTfIRCELS PELLEW'S SALE. We don't need to quote prices here. Every lino is greatly reduced, Come along SALE OPENS TO-DAY. DRAPERY, MILLINEEY, CLOTHING, DRESS GOODS, at SLAUGHTER RATES.

PROSPECTUS OF THE Taranaki . Petroleum Coy Limited. (A Company incorporated under "The Companies Act, 1903.) Directors: DANIEL BERRY, New Plymouth, Morchant 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, New Plymouth, Architect JOHN ROLLO, New Plymouth, Engineor (The First Meeting of Shareholders will be held, not less than one month or more than throe mouths 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 eleotion) and the Meeting Will elect four Directors in their stead).

Bankers: THE BANE OF NEW ZEALAND. Brokers : New Plymouth: Mr W. BEWLEY Auckland: Messrs PRATER 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 Duncdin: Messrs QUICK & SMITH Auditors : Messrs T. 0. KELSEY and HUGH BALLY, Now Plymouth. Solicitors s Messrs GO VET f & QUILLIAM, Devon Street, New Plymouth. Secretary: .DAVID LAING, Egniont 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 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 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 tills Company, binding this Company to purchase the said business, asssets and undertaking. The remaining ordinary shares in the capital of the Company arc now offered to the public for subscription, to be paid as follows i—--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 Motui*oa 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 Moturoa, and a number of bonug 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 inspectod at the offices of the Company's solicitors.

No valuation of tlic plant, land or boring rights lias 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 the 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 : Mb Daniel Beeey is the holder of four ordinary £5 shares and £1 one preference share. Mb Mchdoch Fbaseb and another arc the holders of two ordinary £5 shares. Me 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 Htjhphbiks is the holder of one ordinary £5 share an) five £1 preference shares. Mb Michael James Jokes is the holder of three ordinary £5 shares. Mb John Eollo is the holder of two ordinary £5 shares and live £1 preference shares. Mb Geoboe 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 hshment of this Company and until this Company shall be entitled to commence business, arc estin. ted to amount to £l5O, and will be borne bv the Company. By its Articles of Association the Company is authorised tc. pav a mssion of not exceeding five per centum, to any person in consideration of u.. 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 Hie Articles of Association, fixing the number of shares required for i Director s qualification, and as to the remuneration of Directors : No. 81) The qualification of cv: •: , .-tor shall bo the holding in his own right of live shares.

No. Ul—The Conip torniinc tlio .. - opinion of the Bo.ird.it is dr ./ruble that anVjoYlkeir* number make any sprcial journeys, or perform any s ' ' shall be paid such reasonable additional remuneration and expenscs 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 Brokers, together with the amount payable on application. If no allotment is made, the deposit will be returned in full and if number of shares allotted on any application is less than the number aiipl I for, the balance of the application moneys or a si;"' ' applied in reduction of the a . Prospectuses and forms of application for shares may be obtained froi the Secretary or from any of Ihe Company's Brokers. The Minimum subscription on which the Directors may proceed to allotment is 15,000 shares. As the minimum subscription must be allotted within DO days after the I first issue of the Prospectus, The Subscription List will Close on the 31st day of July next, OB SOONER IP SO DECIDED BY THE DIBECTORS. [This Prospectus has been duly filed with the Registrar of Joint Stock Companies. I Dated the first day of June, 1906, '[