PETROLEUM NEWS.

Taranaki Daily News, Volume LII, Issue 267, 18 December 1909, Page 5

PETROLEUM NEWS.

, TARAK.MvI OIL AND FREEHOLD ; COMPANY. | AN INCREASE OF CAPITAL. [ . The annual meeting of the above com- ' pany was held in the Town Hall last I night, the chairman of directors (Mr. f F. P. Corkill) presiding. There was a ' hopeful tone pervading the utterances j of all the speakers. A long discussion !> ensued on the question of raising addi- [ ; tional capital. ! Mr. G. Brown moved that a recomI jnendation be given to the directors to release the 2,000 shares held back from issue, in such terms as they think fit.— Carried. It was further decided to instruct the ! directors to take steps to increase the j.= capital of the company liy 10,000 ordinE ary shares of £1 each. | The vacancies on the directorate were I ! !led by the election of Mr. M. Jones | <.e-clected) and Mr. F. Messenger, Mr. IT. Mills being re-elected auditor. (A full report of the proceedings will r pear in our next issue.)

I-'XGLEWOOD BORING COMPANY. the adjourned annua] general meeting I- of the above company was held last i evening, Mr. T. Furlong (chairman of ■: - 'directors) presiding. ■ In moving the adoption of the report and balance-sheet the chairman stated 1 that there were 110 further developments of the company's affairs since the last . annual meeting. It was expected that • ft Dr. Bell's report of hi# geological survey , tof the district would be favorable, and i the directors would be largely advised by the report in the matter of resuming . v ' boring 'operations. There were 310 un- .- 1 issued £lO shares which could be put .On the mirket and funds raised for puti i ting down a second bore should the (i S' directorate deem it advisable. The report and balance-sheet, (which Sjf liave already appeared in these columns) J& adopted. if®, The retiring directors, Messrs. Fur-. s|eJ long, Grey and Spence, were re elected, Iftr,'., Mr. Fnrlong being re-elected chairman. Hk';'" Mr. H. Bailv was reappointed auditor. Hp•; Votes of thanks to the directors and fill ''the chairman terminated the meeting. |f||Sypit SHELDON'S NEW DISCOVERY ud Colds cures when all ll Qd and 3a, Obtain-