PETROLEUM.

Taranaki Daily News, Volume XLVII, Issue 8158, 17 July 1906, Page 3

PETROLEUM.

The following extract from the ' British Australian " of London .Tunc Ist Bhows the interest excited even in the Old Country by the reported find of petroleum here. How much more they would be interested if they could only see the " flow ing well" ?:

u New Zealand is always doing something sensational," in reference to the recent oil-boring development reported at Taranaki. The writer acids: "There is no more lucrative and easily-worked source of mineral wealth and none more in demand ill the Anlipo.le.. The well is yielding a barrel of oil a minute, which is quite good enough for a beginning. Whether the Government owns this source oE wealth, ..r whether it has fallen into the b unl,f some Maori Gilead Beck, our .-..rresp-uideiit does not -av. Hut we nop., more nell- will be tapped in tin I near fuur. . and that oil in abundance ■.till be added t-. the other natural reL.iir.v, of 'The l.o:,o \V; ; i:.. Cloud.'"

The following ifm ire., n .■■mom ! porary show, that even the le.v.vu-' nient is waking up to the table of ihc lind: "The interest aroused by the boring for oil in Taranaki bo- united the Lands IK-piviinmit to em-:d-r '.!)■■ possibility of oil occurring in large quantities cNetihere. Accordingly il has circularised the C own I,ind Hoards of the colony .I. reeling them not to deal with oil-bearing areas without reference to the Minster fo:' Lands."