Page 2 Advertisements Column 2

Taranaki Daily News, Volume XLVII, Issue 8146, 2 July 1906, Page 2

CLEAN SWEEP SALE Light Purses Buy BIG PARCELS PELLEW'S SALE. We don't need to quote prices here. Every line is greatly reduced. Come along SALE OPENS TO-DAY. DRAPER Y, MILLINEKY, CLOTHING, DRESS GOODS,SLAUGHTER RATES. PROSPECTUS OF THE Taranaki Petroleum Coy Limited. (A Company incorporated under "The Companies Act, 1903.) Directors: DANIEL BERRY, New Plymouth, Merchant IirUDOCII FRASER, New Plymouth, Merchant GEOBGE 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, 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. M. WILSON, W. HL T JfPHEIES, 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 i THE BANK OF NEW ZEALAND. Brokers : N'cw Plymouth: Mr W. BEWLEY Auckland : Messrs FRATER BROS. Wellington: Messrs BAER, LEAKY & CO., Messrs W. EAST A EAST, and MR J. M. HUME Christchurch : Messrs R. HILL - FISHER & SON, and Messrs F. GRAHAM & SON Dtmcdin : Messrs QUICK & SMITH Auditors 1 Mc:-rs T. 0. KELSEY and HUGH BAILY, New Plymouth Solicitors: Messrs GOVETI i QUILLIAM, Devon Street, New Plymouth. Secretary 1 L'AVII) LAING, Egmont Stree f , New 1 Plymouth. Tlie object- and p jwers of the Company are set out in the Memorandum of Association. The Capital of the Company is £l2i 1,000, divided into 120,000 shares of £1 each. It is proposed to acquire from the Liquidator of the Moturoa etroieum Company Limited, the whole of its business, assets (other tlwn 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 tl).Moturoa Petroleum Company, Limited. or the liquidator and this Company, binding this Company to purchase the said business, assets and under!iking. The remaining ordinary shares in the capital of the Company are now offered to the public for subscription, to be paid as follows; 2/ti per share on application, 2/6 per share on allotment, and the balance as and when required by calls of not exceeding 2/0 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, 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 j'plaut, a freehold section (containing 0 acres, 3 roods, 32 polest at Moturoa, and a number of boring rights over a large area of land in Taranaki. A ii-t ol the plant, the title to the freehold section, and the instruments relating to the boring rights, maybe inspected at the offices of the Company's solicitors. >'e 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 proponed to be acquired from the Moturoa Petroleum C mpany, Limited. to the extent only of their interest.- as shareholders in that Company. The Mloning are the particulars of the number of shares held by the Directors of the Company in the Moturoa Petroleum Company, Limited Ma Dwie-l Beeby is the holder of four ordinary £5 shares and £1 one preference share. Ma Mi"ui-oru t: k isEit and another are the holders of two ordinary £'s i-harc.-. Ma GE'»K',i: Chahi.ls is the holler of 51 ordinary £5 shares. Ma-John Walter Wil-on i- the holder of live ordinary Co shares and nine 111 preference shares. Me WiuiiM Hvmpiikies is the holder of one ordin-jry to share anl live £1 preference -lures. Mb Michael .Fames Jom:- is the holder of three ordinary £5 shares. Ms John Hollo is the holder uf two ordinary £5 shares and live £1 preference shares. Me Geosge L o ii;l es I uii is also a Director and (lie Manager of the ; Moturoa Petroleum Company, Limited. ' I!" c:.,|.enscs „f and incidental to the formation and estali ili-hmoi' "f tin- C-.M.panvand until this Company shall he entitled to comj niciice b'i-iliv--. nre --tiiiiau-.l l'i alli l j:liiL to i.'L-3't, and will be borne )iy the j Cjmpanv. j By Its Ar::. -f .V —ci.ili,m the Company i- authorised to pay a ,cuiunii-v ,n or n >[ .-.'-cling live per centum, 1" any pcr-.n in consideration of 'hi- (tWnkns I.r agreeing i-. .-ul—Tilic wli.'llu-r absolutely 0 r conditionally, ( r any -ban- in the Company. »r |.ri»-urmg or agreeing lo procure subscript t u to-'l.-r ai.-ohitc or .-..nditi.-iiril, for any -hares. 'ihe following are the ;Ci m-c- •», til. A.-li. ics of As-0.-iation, (King the number of .-hares required lor JI a Dir.vti.-r - ."tiiratinn. and a- to l! ■ r ration of Directors INo. lue c ii-'ii.h.-aiion of e tor shall be the holding in his ..«n right "f live -hare- >\. '.'l 1 ire I-.Ji.pai.y ill «. u »i» <*' -ii«j shall Irom lime to tune deaniMie tin- reni'Lncr.i; ... j,< jiaul to the Directors. If, in the i op;r.!..n of the IS"-;rd, it : .-iraMe tliat any [of their number i.,akc any -pccial journeys, or perform anv special services, on j "I t-oiiijiair,, "l- il> luisiue-,, ,-iich Direclor or Direclors -nail be Jiii.i -ii'-li rca-onablc additional remiiiieration and ex--1 |nn->'- therelor a- the Board or Company may Irotu lime to time determine. A Director may hold a plac. of pi-, tit under the Company, as Manager lor Managing I iroctor of the CV.nip.uiv.

Apj'lii a'.ioi:- for share- -lioulil In- ni i.K- and sent [.) any of (lie Company's JJrufccr-. together nitli tin- amount payable on ;t[)|il]c;i( 1011." if ii" ail' tmeiit !- made, ttic dcpo-u will he returned in full ami if {lie unrulier o! -hare- allotted "Q any application i- k"-s llian the number applied f..r, the I' ll in f tin' application moneys <>r a -itlli.-ient part thereof will be applied ii re.iij'ii'jii "t" the amount due on allotment. I I'r -|" ;!l " ! I'""' 1 " " f application for .-bares may be obtained from ithe Sivreurv <>r I'rum any of the Company's Brokers. Ti" -ul'-i rii'tii'ii on ninth the Directors may proceed to allotment is 1-3,""" -hares. A- the minimum -j.lt-crijui.jii must In' allotted «ithm :in days after the iirst isna;L- nf i'a- lV'-potu-,

The Subscription List will Close on the 31st day of July next, Uli Su.'NEU IF SO DKCIDKI) JiV THE DIItIX'TOIiS. Till- l'r •=!.(■' 11;- lia- Ijix-n lulv lileJ \>U!i tlio Hcgislrjr of Juinl Ccmpauit';. Date J the first Jay of June, , 'JOti