PETROLEUM NEWS.

Taranaki Daily News, Volume LVI, Issue 220, 17 March 1914, Page 4

PETROLEUM NEWS.

THE TARANAKI OIL AND FREEHOLD CO., LTD. following is the directors' the year ended September 30, ' which is to be presented at the annßtf meeting of shareholders at New Plr mouth on Friday, the 27th inst.:— This annual meeting has been some* wliu t delayed owing to the hope of your directors that there might be definite and satisfactory proposals to submit to you with regard to the future of our company. Anticipations, however, have not been realised, and it is necessary to hold our meeting to comply with the , ; Uunil K. the year there have beta further negotiations with the object of incorporating our enteprise in a larger undertaking, and so resuming operation* under favorable conditions and your directors also made overtures to the Taranaki (N.Z.) Oil Wells, Limited, for [ c continuation of boring at our VogaltoM'n well on equitable terma. Wllflo our proposal commended itself to U» <val Advisory Board of that company. *1 Were unable to meet us in tit witter, and it has since become apparent that the real reason was the et» haustion of their funds. If the money market continues to improve we ought to be able to achieve something delni, um'i nnK \ prcsent year ' for P® tro * h um looms large in the public eyeTand ' ! Jf nc . rl ,- v . rec °gnised as the most imortant factor ,n the future fuel supply of the world. I n terms of our article* of association, Messrs Corkill and Man--in° W n , % frora the board > but aw ' a " ( 1 themselves for re-eleo-j An mulitor has also to be apthe on "" M J' Mills - who has servS 3 tu'eompanyfor severa , y {Btj . y ofTice? Wlll " ,gneSS t0