Page 4 Advertisements Column 2

Taranaki Daily News, Volume LIV, Issue 247, 18 April 1912, Page 4

THE SUBSCRIPTION LIST IS NOW OPEN IT WILL DEFINITFLY 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. ZEALAND j LIMITED. Incorporated under the Companies (Consolidation) Act, 19Q8, 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. OP THE ABOVE ISSUE SUBSCRIPTIONS FOR 150,000 SHARES ARE GUARANTEED. AftC wlfSV 0 a f Jh C l Sh port i°Vl th ° P. urchas 1 ! consideration the present will, if fully subscribed, provide a sum of about £200,000 for reserve for issue to provide further Working Capital if and when required. LONDON BOARD OF DIRECTORS: 7 «^ (Chaiman) [Chaiman < London Board > mutual Life Assurance Society, Limited], MAJOR DUDLEY ALEXANDER, C.M.G., 6 St. James' Place, London, S.W. ' "~ '^^•''—' JO 'SlT FOED (Chaiman EbbW StCe1 ' Ir ° n and ° oal C ° mpany ' 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, MP New Plymouth Technical Adviser: J. D. HENRY, 4 London Wall Buildings, London, EC Bankers : PARR'S BANK, LIMITED, 52 Threadneedle Street, London, EC THE BANK OF NEW ZEALAND, 1 Queen Victoria Street, London, E C London Solicitors: ALLEN EDWARDS & OLDFIELD, 16 Eastcheap, London, E.G. 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 PROSPECTUS.

Objects.—This Company has been formed for the primary purpose of p<.m,w« n „«j „. Petroleum Company, Limited, over proved and oil-producing lands, and New Zealand. The Company acquires the oil-producing rights over property at" tidTwater lTi" g £! S T* thYee reserve territories carefully selected as the result of exp gas. ine total area over which boring rights extend is, appro xi: ecessary proof is to receive respective (a) £2,500 t 500,000 gallo: his or its own refining plant, 500,000 New Plymouth, New Zealand (nominal oil wes secured under conditions fully described infte repo tsft? ? ! fur h we'll to <*TT £ «*"; °* these present flowing at the rate of 360 barrels per week In order that fht S ■iT VT }ias now str »ck oil. The wells are at to), oil has been allowed to come to the smfale by (above referred ment (£2,500) of the bonus on the production of 250,000 gallonTof -maietaMe *" V&KI &St • ?£ ertS T ' 5 e P° rts — The Britis h Empire Oilfields, Limited, having received most e sioned Mr. J. D. Henry to conduct investigations. This «mtlem,m iL ST l™t° sociatedwitl until recently, head of the Geological " The property, in a more conspicuous degree than any other of which I have a i« «,* n„i - t „ essentials of an oilfield in which one can with confidence recommend an investmen? tion, oil which, as analyses show, is of the very highest quality, and a position at tidewX ™Z£lT P i lt haS produc " Uveryof plant and export of the crude and refined products.'" enSUnng the easy and f Dr. Bell, in his Eeport, says: "The geological structure of the Taranaki district, New Zealand, together with the nrndnrti™ ww,* r, «. * J . wnrV ir„ii/.ot ao «,« -* ._ .• ' _x... . ~„,,' w °. . WIWI me production which has attended i wells yielding . ' *~ «*»vai J/U.MUUU acquainted. Oil production here, convestment of capital." ' " Pany S h ° ldmgS affords a most Promising enterprise for the inFuture Operations.—The primary objects of this Company will be : — (3>The organisation of an oil sale*department, and, generally, (6) The »T t ? mt l orie ?- < s > The modern oilfield business with ample finance and a thoroughljl The Minimum Working Capital (guaranteed by the Vendor Company under contract No «n will ,-„ «, a • • **, n technical advisors, enable this Company to carry out the above work in the '" Refinery.—The estimated cost of a refinery erected upon the property, and havirc a caDacitv of 10 ftflfl w „n * ■ „ As the output is increased this refinery can be added to without any diLrbanciTof " P " Y> * £23 '°°°- Quality of the; Oil.—Oil from the wells has been analysed by Messrs A. F. Craig &Co of Paislev <Wwi mu , . Report reads as follows: 8 ' raisle s r > Scotland. The conclusion of their "This is a crude petroleum of the most excellent quality both as regards the market vain* *f tr,* «„ a i , and the purity and character of these products themselves. The petroleum iviiu vujui aim uijrsuuuue structure. "The spirit and finished kerosene are of first-class quality, water-white, and of good smell. "This crude petroleum in purity closely resembles the old pure Pennsylvanian petroleum hut «*■«„ ,• . ordinarily high proportion of solid paraffin wax which it yields. petroleum, but greatly excels it in the extra"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 their WM t m v ", the seashore of New Plymouth Harbour. A public road and the State branch rail™ ZZ 15 ° yards of and breakwater. y oonne <™ JNew Plymouth with the wharves The Company's Experts say:—"The geographical relationship of the field to the harbour th* u** „ a*u j «. * water at the loading point enable us to say that the property has\nsurpas7ed MARKETS.—The well-known protective policy of the Dominion ensures operators an rnifl««iii g M a !,««„» «,«-i * v, export business has been organised, Australia should take all the surplus W ft wI T an regardless of foreign operations or competition. P™aucea. lherefore these 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 comtiletp in av<>™ ,w q ;t «™i» • •* , tion ° ! " PeMC PW Shar; ° n aUShareS a " otted *° PeiSODS othOT ' han """-a-"-*- on .pplica. ctasiveo'brotogT. eXPenSM *" ** °* mM ° '° iU * rim Em P ire ™M°, 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 behalf of the Comnanv hv th* n f w.,, r, , j . any of is principal Branches, or at the Offices of the TARANAKI PETROLEUM pnncipal Sharebrokers throughout the Dominion. ' wew r v m o»th, and by the Special Note.—Since the Prospectus was printed SIR GEORGE CLIFFORD, Bart., Stonyhurst, CHRIS TCHURCH, and SIR JOHN LANE HARRINGTON, K.C.M.G., Chairman of the Oil Trust, Ltd. LONDON have nnnsfintßfl to ioin t.lifi Rnsirrl nf TlirootfvT.D off«t. on«+w.«-v,4. ' '