SOUND AND PROFITABLE

Taranaki Daily News, Volume LIII, Issue 239, 15 February 1911, Page 4

SOUND AND PROFITABLE

! AX OPPORTUNITY THAT SHOULD XOX BIS MISSKD. The advancement of the petroleum industry is a matter Unit vitally concerns everybody ill Taranaki, l'or upon it depends in no small measure the future of i the province. I The company lias proved that oil exists ■ in payable quantities and of a quality unsurpassed in the world. I The company is financially sound, but I additional capital will largely add to its prosperity. By taking up its preference shares, which carry a preferential dividend of V/ s per cent., you make it strong financially. (Being strong financially, you place it in the best position to make the best possible terms with a purchaser, being independent. Vou enable ifc to further develop its oil deposits and consequently to ask the utmost price possible when selling. You assist it to erect a refinery and so obtain the. best value for its oil products. \\ hat does the erection of a refinery mean to the district rind the company? It will enable the company to pay dividends and make your investment a highly profitable one. It will mean the establishing of various industries.

Industries mean the employment of a large amount of labor. The housing of this labor will mean more employment tor all tradesmen, there being practically no empty houses ill the town of New I'lvmoiith.

More labor will lie required at the stores to cope with the additional business.

More capital will be circulated. Xew linns will spring up and the old ones will employ additional hands. More farm produce will tie required of all sorts, which will mean higher and j more stable values for land. I I lie oil deposits being at a port occupy an almost unique position, the heavy cos't of piping from inland deposits being saved. The po.-ition of its properties may also give it a monopoly of refining. The i''fined pioducts can also be bandied at ;t minimum of c\ppiwe, mid necessary | supplies imported cheaplv. Fuel for industries will be cheap, j There will be a large increase of shipping at the harbor. If you already hold shares, it is all the more reason for your taking more, as the placing of all preference "shares will give those you alreaoy bold additional value, and_ the paid-up shares that nro now at a discount will reach par or be at a premium. Do you want your district to progress? I lieu help the most, promising of all your industries by filling in ij, c ap p]i Cft . t ion form to be found on pa»e 1 and forwarding it to Walter lVwley, sharebroker, Xew Plymouth, with °s per share applied for, or to the company. 011 can help according to your means. len sli i res involve only a snmll annual outlay, as the payment is .spread over near y three years if all (be money should be called up. ' ' l lf n"'^! 41 " 3 sma " taken up >.V all. the amount required would be largely over-subscribed, and the preference shares would soon be at a premium. I nner 700(1 shares are now required, so send in your application promptly and the refinery can be started. Mind, the time is the present. WALTER TIE WEE Y, Xew Plymouth.