PETROLEUM NEWS.

Taranaki Daily News, Volume LIII, Issue 220, 28 December 1910, Page 2

PETROLEUM NEWS.

TERMS OF THE GOVERNMENT BONUS. The following, concerning the Government bonus on petroleum, appears in the last issue of the Gazette:— Notice is hereby given that a bonus of £IO,OOO will be paid for the production of mineral oil as under:— I 1. (a) £2,500 to be paid on proof i being submitted that not less than 250,000 gallons of marketable crude oil has been won. (b) £2,500 to be paid on proof being submitted that not less than 500,000 gallons of marketable crude oil has been •won. (c) .£2,500 to be paid on proof being submitted that not less than 1,000,000 gallons of marketable crude oil has been won. (d) The balance of £2,500 to be paid to the person or company who first produces by his or its own refining plant 500,000 gallons of refined mineral oil. "Marketable. crude oil" shall contain not less than 90 per cent, of products (excluding water) which can be obtained by distillation. mineral oil" may include benzine, petroline, kerosene, or lubricating oils. The illuminating-oil in the refined state to have a specific gravity of 0.814 to 0.830, and a flash-point of not less than 83deg. Fahr. by the Abel closed test. 2. Notice of intention to claim the aforesaid bonus must be given in writing to the Minister of Mines not later than 31st March, 1912. 3. The claim must be made and the conditions duly fulfilled on or before the 31st March, 1915. ' 4. The first claimant who proves to the satisfaction of the Government that he has fulfilled all the conditions under any of the headings (a), (b), (c), or (d) shall be the recipient of the bonus payable under that heading. The oil must in each case be produced from the well or wells of one proprietary only. 5. All conditions as to quantity, quality, priority, and value to be fulfilled to the satisfaction of an officer appointed for the purpose by the Government. 6. This offer cancels the offer dated the Ist June, 1909, and appearing in the New Zealand Gazette.