Page 4 Advertisements Column 2

Taranaki Daily News, Volume LIV, Issue 243, 13 April 1912, Page 4

THE SUBSCRIPTION LIST 13 NOW OPEN , IT WILL DEFINITELY CLOSE ON OR BEFORE WEDNESDAY, 24 th APRIL. 1912. ABRIDGED PROSPECTUS. This Prospectus Is being issued in Great Britain, New Zealand and Australia. A Copy of this Prospectus has been filed with the Registrar of Joint Stock Companies. WELLS LIMITED. Incorporated under the Companies (Consolidation) Act, 1908, of Great Britain. CAPITAL £400,000. Divided into 400,000 Shares of £1 each. SUBSCRIPTIONS ARE NOW INVITED FOR AN ISSUE F 275,000 SHARES OF £1 EACH, AT PAR, payable as to 2s. Per Share upon Application; 3s. per Share upon Allotment; And the Balance as and when required in Calls not exceeding ss. per Share, at intervals of not less than three months. Afterpayment of the cash portion of the purchase consideration the present will, if fully subscribed, provide a sum of about £200,000 for Working Capital, Payment of Preliminary Expenses, and the general purposes of the Company; 41,000 Shares are held in reserve for issue to provide further Working Capital if and when required. LONDON BOARD OF DIRECTORS: 0, (Chaiman) C Chairman < L(mdon Board ) Colonial Mutual Life Assurance Society, Limits], MAJOR DUDLEY ALEXANDER, C.M.G., 6 St. James' Place, London, S.W. JoS Sehur l st LSFORD <Chairmail Ebbw Vale Stee1 ' Iron and Coal Coin Pany. Limited, and Hudson's Consolidated, Limited), Leesons, ANDREW L. HORNER, K.C., M.P., 34 Fitzwilliam Place, Dublin. , Advisory Board in New Zealand: C. CARTER (Chairman Taranaki Petroleum Company, Limited), Devon St., New Plymouth; H. J. OKEY, M.P., New Plymouth Technical Adviser : J. D. HENRY, 4 London Wall Buildings, London, E.C. Bankers: PARR'S BANK, LIMITED, 52 Threadneedle St.reet, London, E.C THE BANK OF NEW ZEALAND, 1 Queen Victoria Street, London, E.C. London Solicitors: ALLEN EDWARDS & OLDFIELD, 16 Eastcheap, London, E.C. New Zealand Solicitors: GOVETT & QUILLIAM, Devon Street, New Plymouth WESTON & WESTON, Brougham Street, New Plymouth. Brokers: HARRY FRANKLIN & CO., 23 Austin Friars, London, E.C. Auditors: DELOITTE PLENDER GRIFFITHS & CO., 4 London Wall Buildings, London, E.C. Secretaries and Registered Offices: THE OIL TRUST, Limited, 4 London Wall Buildings, London, E.C.

Objects-This Company has been formed for the primary purpose of acquiring and operating the Borine riehts of Th P Petroleum Company Limited, over proved and oil-producing lands, and near the seaport of New PlymouS iTaSnaki North Island New Zealand. The Company acqmres the oil-producing rights over property at tidewater, a drilHng and operating eouiSment and boring rights over three separate reserve territories carefully selected as the result of expert advfaf founded unon and gas. The total area over which boring rights extend is, approximately, 4,800 acres P indications of oil Ms. its m retoiDg Plant , 5 0b,00b i o/< fl T^^^^^^^t^ Z™- New H, r; th, New Zealand (nominal oil was secured under conditions fully describedin the reports of the etertT Al tP'T? by fc ( C "»7i in tlme » f ftese present flowing at the rate of 360 barrel, per week to orfe tUt the ?«t mitlrt ° W ?' We " S f e al to), oil has been allowed to come to the surface by natural flow On «n b ™ eflt . b >" tlle Government bonus (above referred ment (£2,500) of the bonus on the production of crude oil ™ "" '"' inStalsoeiated with him in the professional work done in connection with these proSSu, to 7 m MwJ! 7 t, 6 ",,*?' 1 /' 1 '""', 18 ' f as " nntil recently, head of the Geological Survey in New Zealand. One SemenCde by Mr. H " *"*• " The property, in a more conspicuous degree than any other of which r havo n imnwia/i,™. in rt „ « , . , x , . *' essentials of an oilfield in which one can with confidence recom men Pti T 7 tion, oil which, as analyses show, is of the very highest quality, and a liveryof plant and export of the crude and refined products." tidewater ensuring the easy and economical deDr. Bell, in his Report, says: ''The geological structure of the Taranaki district, New Zealand, together with the wndnfti™ w +* * * ■ •*. , developmental work, indicates the existence of an important oilfield. e are advantages;; of capital." * '" Future Operations.—The primary objects of this Company will be:— ux »c tea.ungues. xne modern oilfield business with ample finance "and a thoroughly experienced ™ "~" * loCal industry into a The Minimum Working Capital (guaranteed by the Vendor Comnanv iinrW ™ntT»i»t \Tn en „-ii • technical advisors, enable this Company to carry ou/tbe above Refinery.—The estimated cost of a refinery erected upon the property, and having a canani+v n f in nnn „«« • ™ As the output is increased this refinery can be added to without any disturbanceof * *" **' M £23'°°o--of the Oil.—Oil from the wells has been analysed by Messrs A. F. Craig &Co of Paislev <wi«*,a to, i • Report reads as follows: The conclusion of their cellent color and crystalline structure. > ~~~ *» v* »- "The spirit and finished kerosene are of first-class quality, water-white, and of good smell "We are aware of no natural petroleum which has been found to be so rich in this valuable product." Position of the Properties.—The plots on which the wells have been drilled are on th P ir W «*« TO >,„ i sr^ NotPlymmih **»"• A^ '- «* *•^ *™^*z^j^^z s .^ A u R . 5? T . S C T^ e well - known , ***** Policy of the Dominion ensures operators an unassailable home mark.* .wi. „i.« .. ""," lw "' v "» " wa wsc " wgauutu, iiuawaud. suuuiu vaite an me surplus on produced. Therefore thpqp oil roamm/mr. ««„ i.« i i 7 regardless of foreign operations or competition. mereiore tnese oil resources can be developed Mr. Henry concludes his Report upon the properties as follows : "The entire proposition can be recommended on the ground that it is complete in ewrv rtAtaii ami*—*™ »- -u , . ttj+x™" of petole " m unte the moat '™ »^^tt^s^t^sis^roS!ffi cluslveXotea'ge. eXP<!,ISeS " eßtimSt<id " £6 ° o °' in ° lUSiVe ° f MM PayaHe lo fte British E °"P irc Oilfields, Limited, but «. It is intended to establish a New Zealand Register of Shareholders in due course Dated this 28th day of March, 1912. Application for Shares in New Zealand and Australia will be received on Iwhalf of the Company by the Bank of Now 7 M l««rt »t any of its principal Branches, or at the Offices of the TARANAKI PETROLEUM COMPANY LIMITED New%™„„ST fST V? principal Sharebrokers throughout the Dominion. ' ■ Lllvmj! ' D > New Plymouth, and by the Special the Prospectus was printed SIR GEORGE CLIFFORD, Bart., Stonyhurst, CHRISTCHURCH, and SIR JOHN LANE HARRINGTON, K.C.M.G., Chairman of the Oil Trust, Ltd LONDON have consented to join the Board of Directors after allotment. '