TARANAKI PETROLEUM.
I NEW PLYMOUTH. May 28. , A special meeting of the shareholders of the Moturoa Oil Company to-day was very largely attended, shareholders being present from Auckland and Wellington. In accordance with the directors' scheme it was unanimously resolved to liquidate the present company and re-construot a new company under the name of the Taranaki Petroleum Company With capital of £120,000, in one pound shares. The shareholders in the Moturoa Oil Company are to receive 56,000 fully paid-up ordinary shares. , A start was made this morning with the erection of "a new derriok on the prison reserve where the next bore will be sunk. Tlie visiting shareholders to-day were more than pleased with the demonstration given at the working bore. <,A few share transactions are still taking plaoe at £57 to £59.
Permanent link to this item
Hononga pūmau ki tēnei tūemi
https://paperspast.natlib.govt.nz/newspapers/WAG19060529.2.18.3
Bibliographic details
Ngā taipitopito pukapuka
Wairarapa Age, Volume XXIX, Issue 8151, 29 May 1906, Page 5
Word count
Tapeke kupu
133TARANAKI PETROLEUM. Wairarapa Age, Volume XXIX, Issue 8151, 29 May 1906, Page 5
Using this item
Te whakamahi i tēnei tūemi
Stuff Ltd is the copyright owner for the Wairarapa Age. You can reproduce in-copyright material from this newspaper for non-commercial use under a Creative Commons Attribution-NonCommercial-ShareAlike 4.0 International licence (CC BY-NC-SA 4.0). This newspaper is not available for commercial use without the consent of Stuff Ltd. For advice on reproduction of out-of-copyright material from this newspaper, please refer to the Copyright guide.
Log in