Page 2 Advertisements Column 4

Wairarapa Age, Volume XXIX, Issue 8160, 16 June 1906, Page 2

for the 10 aorea of land before mentioned. CONTRACTS, Etc. A contract for the sale to the* Company of tha aaid 10 aorea of lan* is made between the said G. W. Henderson and T. A. Low of the one part, and Richard Uook, of NewPlymouth, aforesaid, Esquire, aa Trustee for the Company of the other part, and is dated the second day of June, 1906. This contract may be inspected at the offices of the Company's Solicitors at any time durini* offloo hours. Mr F. P. Corkill, one of the Provisional Directors, filled the position of Attorney and General Manager in New Zealand for the New Zealand, Petroleum and Iron Syndicate Limited during the whole period of its existence. The minimum, subscription or* which the Directors may proceed to allotment is 5,000 shares exclusive of the paid up shares, and the business of the Company shall not be commenoed until the 5,000 shares> have been subscribed for. The amount of commission to be paid by the Company to its sharebrokers is not to exceed 5 per cent, on all shares sold by them and then allotted by the Company. The only shares! to be issued asfully naid up are those to the Provisional Directors, the Trustee, and Seroretary as before stated and except as to such shares the Directors have no interest in the promotion of the Company nor any pro-< perty proposed to be acquired by the Company, save as intendingpurchasers of contributing shares at par. The preliminary expenses of and incidental to the formation and establishment of the company, and until the Company shall be entitled to commeuae business are including advertising estimated to amount to £2OO, and will be borne by the Company. The number of ordinary shares intended to be fixed by the Articles of Association as the qualification of a Director is five. The Articles of Association of the Company will provide that the remuneration of the permanent Directors as distinguished from the Provisional Directors for their eervioea shall be aa oh sum as the Shareholders of the Company shall from time to time at the Annual General* Meeting determine. Application for shares shall be made on the form accompanying the Prospectus, and sent to the Com* pany's Brokers together with a remittance for the amount payable on application. If ibe number of shares allotted be less than the number applied, for, the surplua amount paid on application will be oredited in reduction of the sum due on allotI mont, and if there should then be a balance it will be returned in full. Where no allotmedt is made the application money will be returned in full. Shares will be alloted in such order and manner and in such numbers as the Directora may think fit. Prospectus and forms of applioaj tion can be obtained from the Company's Brokers. It is considered that a small prospecting company, such as the "TAR AN ABt OIL AND FREEHOLD COMPANY, LTD." offers a better prospect of an early return to investors than a company formed to deal only in the oil This opinion ia based upon the fact that £5 shares in the Moturoa Petroleum Company, within [a short time of oil bßing struck, rose from £7 to £65, and each original share now receives 100 shares paid up to £1 in the new company, viz., the "Taranaki" Petroleum Company, Limited.' Wit'h the experience gained it is thought that a bore can be put down in from four to six months, and should oil be struck, as there is every reason to believo it will be from the locality of the ground and from other indications, there is therefore every probability that similar prices will be obtained by the holders of original shares in this company. It must not be overlooked that the proposed company has not secured boring rights only, but has «aoured the freehold of Ten Acres of land about 1% miles from New Plymouth, and in close proximity ,to the Moturoa Petroleum Company's ground This land is a very valuable asset, as within a distance of half a mile similar land wai sold abo ut nino months ago at £375 per acre; ana this before oil was struck; since then the price of land has very much advanced, and must continue to advance as the oil industry is developed. It is considered that it will not be necessary to call up more than 10s per share of the proposed oupital. In anticipation of this Company's being placed upon the' market, a largo number of shares have been already applied for, especially from Taranaki, where the property and its prospeots are Known.