TARANAKI OIL.

Taranaki Daily News, 14 September 1920, Page 3

TARANAKI OIL.

(To the Editor.) A o ?i r '^~l r , n yours of Saturday T noticed a Press J on wlre Ba >'j n C the Government hav* promised to help the oil industry here. r «In^ re pe iat K anything is done if r/ i!° . . on t}ie sa,ne IJnes 2s In the past. IL , Tarnnaki _ in payable quantities and find out. where It is, and don't bore -n the one locality nlono. It is worth trying „oii ■ ' locations are to ba found in a neil m the heart of the (mm of Manala. T j.na a letter from an uncle, who savs he located its presence at Opunako fifty years affo. \\hy not try for it all around Mount iirmont? 01(1 well-diggers here informed me t lat pieces of coal have heen found deep down at Hawera. CoaJ exists from Olmra to Mokau, and further, and some experts say petroleum comes from coal. If so there is a »ast quantity adjacent, for all we know. It is surprising to read information in Iress Association wires re the Company's Business, and shareholders are In the dark as to what it is all about It is so lone since a shareholders' meeting was called that perhaps tho advisory directors are feeling the offectr of their advancing years. Quite extraordinary In what is supposed to bo a democratic country I How much machinery lias fcoen sold? What chattels arc left to shareholders? How does tho company stand? VJhos who, etc.? It would take a rhiladelpi.ilaw.vor wi/h fhe best Yankee verbosity at his mainland, going at,top for twentyfour hours, to put all the questions at the end of my pen. Verb sap.—l am, etc., D. J. HUGHES. A Shareholder. P-S.*—Captain MncMahon, the skipper of the dredge I'aritutu. says there is one place !!5 n 3f v w , hore tliere is « a continual flow of oil. It is also to bo found coining up in the sea all around tho sujar loaves. Yankeps bore for it in the sea, and we may have to do likewiseD..T.H.