PETROLEUM.
That tho oil industry is now on a commercial footing is proved by the fact that just recently Mr W. J. Uoncyficld, on whose property the "Birthday'' well is, received his first royalty instalment. The conditions ni<> that Mr Honeyfield is to receive 5 per cent 011 ail oil sold after tho first 1000 gallons have been taken from 1 lie well. It is to be hoped that lie will draw many thousands of pounds (U royalty fees.
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https://paperspast.natlib.govt.nz/newspapers/TDN19061002.2.6
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Taranaki Daily News, Volume XLVII, Issue 81855, 2 October 1906, Page 2
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79PETROLEUM. Taranaki Daily News, Volume XLVII, Issue 81855, 2 October 1906, Page 2
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