Page 2 Advertisements Column 2

Taranaki Daily News, Volume XLVII, Issue 8148, 4 July 1906, Page 2

CLEAN SWEEP SALE. Light Purses Buy BIG PARCELS AT PELLEW'S SALE. We don't need to quote prices here. Every line is greatly reduced, Come along SALE OPENS TO-DAY. DItAPEIiY, MILLINEKY, CLOTHIN 3, DfiESS GOODS, SLAUGHTER RATES. PROSPECTUS OF THE Taranaki Petroleum Coy Limited. (A Company..incorporated under "The Companies Act, 1903.) Directors 1 DANIEL BERRY, New Plymouth, Merchant MUBDOCH FBASER, New Plymouth, Merchant GEORGE CHARLES FAIK, New Plymouth, Oil Eipert JOHN WALTER WILSON, New Plymouth, Warehouseman WILLIAM HUMPHRIES, New Plymouth, Merchant MICHAEL JAMES JONES, New Plymouth, Architect JOHN BOLLO, 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 election) and the Meeting will elect four Directors in their stead). Bankers: THE BANK OF NEW ZEA.LAND. Brokers : New Plymouth: Mr W. BEWLEY Auckland: Messrs FRATER BROS. Wellington: Messrs BAEIi, LEAEY & CO., Messrs AT. EAST & EAST, and MR J. M. HUME Christchurch: Messrs R. HILL-FISHER & SON, and .Messrs F. GRAHAM & SON Dunedin: Messrs QUICK & SMITH Auditors ) Messrs T. 0. KELSEY and HUGH 13AILY, New Plymouth Solicitors: Messrs ETi i QLILLIAM, Devon Street, New Plymouth. Secretary: DAVID LAING, Egmont Stree f , 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 (othor than money) and underta liing, in con sideration of the allotment to the Liquidator or his nominees of 56,000 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, bin,ling 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, 1003," 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, 3 roods, 32 poles) at Moturoa, and a number of boring rights over a large area of land in Taranaki. A list of the plant, tlic licit. l to the freehold section, aud tlie 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 are interested in the property proposed to be acquired from the Moturoa Petroleum C mpany, Limited. to the extent only of theiv 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 Berky is the holder of four ordinary £5 shares and £1 ona preference share. Ma Mi-bdocii Fraseb and another are the holders of two ordinary £5 shares. Mb Geob«e Chables Fair is the holder of 51 ordinary £o shares. Mb John W alter Wilson is the holder of live ordinary £5 shares and nine £1 preference shares. Mb William Hvsipijiues is the holder of one ordinary £.3 share ani live fc'L preference shares. Mb Michael James Jones U the holder of three ordinary £5 shares. Mb John Hollo is the holder of two ordinary £5 shares and live £1 preference shares. Mb George Cijables 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 UsUwen*. of till- Company and until tlm Company shall be entitled to commence busiiie.-s. are e.-limatcd to amount to £l5O, and will be burns hy the Company. By .its Articles of Association lily Company is authorised to pay a commission of not exceeding live 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'procure subscriptions, whether absolute or conditional, for any shares. The following are the Clauses in the Articles of Association, fixing the number of shares required lor a Director's qualification, and as to the remuneration of Director?; No. B'J—The qualification of ever.. ..r. tor shall be the holding m his own right of fire shares. No. Ul—'The Company m general meet!'' : shall from lime to time determine the remuneration to be i-,i : to the Directors, if, in the opinion of the Board, it is u - . ~.: r (hat any Jof their number make any special journeys. ..r jwr' ,rm any special services, on behalf of the Company, or it. In-, .ess, such Director or Directors shall be paia such reason.i ' l .- 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 Lirectorof the Company. Applications for shares should be made and scut 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 the uumbcr ot shares allotted on any application is less than the number applied fur, 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 allotj uient is 15,000 .shares. As the minimum subscription must be allotted within DO days after the first issue of the Prospectus, The Subscription List will Close on the 31st day of July next, OH SOONER IF SO DECIDED BY THE DIRECTORS. I i [This Prospectus has been luly filed with the Registrar of -Joint Slock < Companies, i 1 Dated the first day of June,Bo6, '