Page 2 Advertisements Column 2

Taranaki Daily News, Volume XLVII, Issue 8147, 3 July 1906, Page 2

Light Purses Buy BIG PARCELS AT PELLEW'S SALE. We .lon't need to quote prifcs here. Every lino is greatly reduced. Come along SALE OPENS TO-DAY. DRAPERY, MILLINERY, CLOTHING, DRESS GOODS, CLEAN SWEEP at SALE. SLAUGHTER RATES. PROSPECTUS OF THE Taranaki Petroleum Coy Limited-. (A Company., incorporated under "The Companies Act, 1903.) Directors: DANIEL BERRY, Near Plymouth, Merchant MURDOCH ERASER, 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, 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 bu>ine«s, at which 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 Directors in their stead). Bankers: THE BANK OF NEW ZEALAND. Brokers : New Plymouth: Mr W. BEWLEY Auckland: Messrs FRATER BROS. Wellington: Messrs BARR, LEARY & CO., Messrs W. EAST & EAST, and MR J. M. HUME Chriiti'hurch - Messrs R. HILL-FISHER 3c SON, and .Messrs F. GRAHAM & SON Dunedin: Mo»ra QUICK & SMITH Auditors : Me srs T. 0. KELSEY and HUGH BAILY, New Plymouth Solicitors: Messrs GOVETi Si IJUILLIAM, Devon Street, New Plymouth. Secretary: DAVID LAING, Egmont Strce', New Plymouth, The object* 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 propped to acquire from the Liquidator of the Motupoa etnoleum Company Limited,

tin- whole of it* business, assets ("iher limn money) and undertaking, in con sideralion of the allotment to the Liquidator or his nominees of o(S,i)00 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 lo purchase the said business, assets 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; — 2/15 per share on application, 2/0 per share on allotment, and the balnuce as and when required by calls of not exceeding 2/ij per share at intervals of not less than sixty days. All shares are to rank for dividend according to the amount paid up ihereon. The Moturoa Petroleum Company, Limited, is registered under ' The Companies Act, IIMJU," and its registered office is m 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 pole*l al Moturoa, 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, maybe inspected at the offices of the Company's solicitors. >'o Taluation of the 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 C mpany, 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 t Mb Daniel Berkv is the holder of four ordinary £5 shares and £1 one preference share. Mu Jli-hdomi Fba-eb and another are the holders of two ordinary £5 share-. Mb Ge..ruk Chabi Fs Faih is the holder of ,31 ordinary to shares. Mb John W ai-teh Wil-on is the holder of live ordinary £5 shares and nine £1 preference -hare-. Mb Wii uau Hcmpuiiies is the holder of one ordinary £5 share an I five CI preference share-. Mn MirinFi. James Jose* i, the holder of three ordinary £.j shares. -Mb John Hollo is the holder of two ordinary £5 shares and live £1 preference shares. Mb Geome Charles Faib is also a Director ami the Manager of the Moturoa Petroleum Company, Limited. 'lhe preliminary expenses of and incidental to the formation and cstab iislum'til of tin.- o'iiipanv and until this Company shall be entitled lo com-niets.-e .m-ine-, are estimated to amount to £loll, and will he borne by the Company. J>y its Article- of Association the Company is authorised to pat a commission of n»t exceeding live per eenltim, lo any person in consideration of his subscribing or agreeing !•> subscribe whether absolutely or conditionally for any -hares ,n the Company, or procuring or agreeing 1,/ procure subscription-, whether absolute or for any shares. The following are the Clauses in the Article- of Association, living the number of shares required for Director s qualification, and a- to numeration of Directors No. H'J—The qualification of own .e qualification of e- tor shall be the holding m his of fire sliaro No 91—The Company m geiurai uwcUajf .-hall from time to time determine the remuneration ti be ;ud to the Directors. If, in the opinion of the Jloard.it j- ,! arable that any'of their number make any special journey,, or perform any special services, on behalf ot the Company, or it- Im-iu.-s, such Director or Directors -ball be paid such reasonable adililmnal remuneration and expenses therefor as the Board or Company may from time to time determine.

A Director may hold .1 pla-o of j.rolit under tk Company, »-> Jlanaecr or I irector of the Companv. Application* for sliarft »liouM be miulo aii.l »en| to any of the Companv s lirokers. loip'ther with I hi- amount payable on n{>|>inal ion. If no mi ni i-111;ilk', tin- depo.il mil be reluniod in lull ami if the number of share-allotied on any applicat 1011 is Ipss t linn tin- number applied for. the Inline.-of tilt-application moneys or a sullieiem part thereof will be applied in r.-duetiolj of tin amount due oil allotment. l'ri.-pirtu..-. and lornis of application for Glares may be obtained from the S. cr. lary ur lr»w any of ihe Company's liroker.-. Tiir Minim..!., .ul-eription on which the Directors may proceed to allot, went I- 1-3,""" -hares. A-. the minimum inscription must be allotted witlim HO days after tlic first issue of the Fro-pei'ins, The Subscription List will Close on the 31st day of July next, <»K !W>-EU IF SO DJCOfDICI) HY TJIK DIRKCTOKS. This l'm-p.. tu- Ills i.e.-n Inly tiled with the ficgiMrar of Joint Slock Compauie-.. Dated tiie iirsi Jay of June,l)oß,