Page 3 Advertisements Column 1

Wairarapa Age, Volume XXXII, Issue 10608, 15 April 1912, Page 3

SCRIPTION LIST is now OPEN. ABRIDGED PROSPECTUS THIS PROSPECTUS IS BEING ISSUED IN CHEAT BRITAIN, NEW ZEALAND ANU AUSTRALIA. A (Copy of this l'Vo&pectus 'lias been filed with the Registrar «£ Joint Stock Companies. MITED. Incorporated under the Oompani.es (Consolidation) Act, 1908, of»Greiat Britain. Divided into 400,009 ShareTof £1 each. SUBSCRIPTIONS ARE NOW INVITED FOR AN ISSUE OF 275,000 SHARES EACH, AT PAR. PAYABLE AS TO - 2s PER SHARE UPON APPLICATION. 3S PER SHARE UPON ALLOTMENT. .'•./.■ And the (Balance <vs and .when required in Calls uo-t exceeding o-s per Share, at Intervals, of not less than three- months.. Of he above issue Subscriptions for 150,000 Shares are Guaranteed. After.payment of the cash portion of the purchase consideration 'the present issue will, if fully subscribed, provide sum of about £200,000 iflor Working Capital, Payment of Pieliminary Expenses,, and the general piirposes of tho Compa >y 41,000 Shares arc held in reserve for issue (to provide further Working Capital if and when (required. LONDON BOARD OF DIRECTORS: THE EARIL C;F RANFURLY, G.C.M.C. (Chairman), (Chairman London Board/Colonial Mutual Life Assurance Society Limited), 33 Lennox .Gardens, London, w.W. "' MAJOR DUDLEY ALEXANDER, C.M.C., 6 St. James Place, London, S.W. JOSEPH BRAILSFORD, (Chahpan, Elbhw Vale Steel, Iron and Coal Company, Limited, and Hudson's Consolidated - -Limite9)> Leesone, Chislehurst. ■ ■ • . * ' ANDREW Li, HORNER, K. 0., M.P., 34 Fitawilliam Place, Dublin, ADVISORY BOARD IN NEW ZEALAND. C. GARTER, (Chairman Taramiki Petroleum Company, Limited). Devon Street New PJvmoutr H. J. OKEY. M.P., -New Plymouth. ' TECHNICAL'ADVISOR: J. D. HENRY. 4-London Wall JJuildiim-s, London EC BANKERS: PARSR/S BANK. LIMITED. 52 Threadneedle Street, Loudon EC " THE BANK OF NEW ZEALAND, 1 Queen Victoria Street, London' E C LONDON SOLICITORS: ALLEN EDWARDS AND OLDMELD, 36 Eastcheao 'London V C NEW ZEALAND SOLICITORS: GOVETT AND QUILLIAM, Devon Street, AW Pfvn.Vuth' WESTON A.ND WESTON, Brougham Street, New Plymouth BROKERS: HARiRY FRANKLIN AND CO.. 23 Austin Friars, London EC AUDITORS: DELOITTE PLENDER GRIFFITHS AND CO., 4 London Wall Building 1.-~ v don F P SECRETARIES AN" REGISTERED OFFICES: THD OIL TRLTST, Linked, 4

rights is, and near .the seaport of New Ply•■"'hicing rights over property o-t tideirve territories carefully selected as ; rights extend is, ".COV;BRN'MENtSUP.PiOiRT, AMDi BONUS OF £lo,ooo.__The 'Government lias from tin,* to time i™l« „f £lo,ooo,4ilMted as (follows: (a) £2,500 to -be paid on proof being .submitted tkat not EtSii 250 0001£ R J- ™,tw has been won; (b) £2,500 on 500,000 gallons; (c) | 2jSCO m i m %WC to he paid to t'lie person or company who hrst produces, by hj s 0 r its own refining plant, 500,000Vallon-s otfnvfoiedlnlner al dil; the first claimant giving necessary proof rs to receive respective (bonus. »«»"«»>or leaned inmei 'PRELIMINARY OPERATIONS.— The Taranata. Petroleum Comnanv. Limited. Prmrohn™ fflfw .xw ™_, M , W . fourth well has now rels per week. In rek per week. In order that the a loneer, m.ffM beneht by the Government bonus (above referred to), oil has bee,allowed to come to the surface by natural flow OnMay 11th, 1911 the pioneer Company was paid the l irst instJme t (£2,500) of *he bonus on the production "of of .. mark^taMe P dlu 111&t instalment ' "/EXPERTS' REPORTS.--. Tlie British Empire Oilfields Limited, having received most encoura<nn<r reports on the "properties, comm&BOiied Mr J. D. Henry to conduct invest; tions _ T] • £ en , tleman , ]md the StlinceKeSiSown •Sew .Zealand experts, and associate* with h.ra in the work dr)] £ . ™?« s s tax c ° « Jg™™ J. M. Bell (Messrs Bell and Eraser), who. was, until, recently, head of ( " co] iea| SuitLT in N«v SJe stnte jueitt made iby Mr Henry reads:— . - - .... a . vjut s>wie.ffe "primary <: On'ial capital; water ensurin Da- Bell, iu his Report, says:— . . M*. of oresent knowledge are the properties coveied bv ~. . '. , ~ ■ «■• ~.Z! s lx . "\. f «d ntal indicate, the — £?Zsrggr%2s* % & \ , TigiTilt of present knowledge are the properties coveied b tJILs report, mcludh,<r , aS they do the Mot block which ! : *rVs New PSjanouth «lf ££<%% of the hiheTquality TW oil prtpertiei ! ' *h*ch Possess great vatue are f^ n .gf»" position capable of .more ex-peditiou, "and economical develop! - considering the geographical poatfcnV .which .the Dominion "bold., (born n.om cm M - ff fence standpoints,possesses .unique advantages • and the more extensive excitation of yoiu Uompanj 9 an ords a mo&t promUinK eilterpri . 6e for ' investment £ ' .ClVpiX'fll. FUTURE OPEl? AT 10MS.— The primary objects of this Company will be : ■<* r^l^^^JVS^L^ desantdi.io New Zealand of an expert drilling staff. £2 J, department, and, Property. W The gradual development of tflie i-eserve terriSi efv I<xnl?naS <*£ " S*o " anodern oSfidd birinew with •mßf°«-« 11 y. <«) J*e convers on of w3mt has hitherto been a piuely local industry into a aiiuutjii pj e f inanpe ■ an< j , a tihoroxiglily experienced management REFINE.RY.—The estimated cost of a Refinery erected , . ner dav s"'£23 000. As the output is inci-eased this refinerj u P°n ™ e ■%*<>%***> V\ d having a capacity of 10,000 gallons Jiection. <SUI e ' added to Avlth<Hli »«y disturbance of the original OUALITY OF THE OIL. — Oil from the wells,.has been . . , rar ■' ' „ . land Tsie conclusion of their Beport reads as follows: analysed by Messrs A. F. Craig and Co., of Paisley, Seotof 10,000 gallons i of the original refilled at low cost, ana tne sona paTamn can do ex •i jl ™ u ?'™ wra™«w o . j™ peuoieiwn is easily nancueti ana without any chemical treatment whatever, and is of extracted direct from the heavy ; oil'from the first distillation. "The "spirit and finished kerosene are of-first-class oellent colour and crystalline stricture. "This. ,crude petroleum in purity closely resemble® quality, nvater-white, and of good sniell. ••: in the extraordanarily liigh proportion of solid paraffin™e old pure Pennsylvaman petroleivm, but greatly excels it "We are lawaire-of ho natural jpetroleum which has wax which it yields. been found/to be so rich in this valuable product." POSITION OF THE PROPERTIES.—The plots on whic mthin 150 yards.O'Ptihe seashore of New Plymo>uth Harbour. h tlie wells have Ibeen drilled are, on, their western l>ounda.ry, Mymouth with the wharves and ba-eakiwater. A public road and the State Branch railway connects New The Company's Experts isay : "The geographical relatio nf witer at the loading (point enable us to say that thenship of the field to the harbour, the land gradient, and the <leptli or ma-ki arc im. ju*. yi~ .property has unsurpaased positional advantages." MARKETS.— The well-known protective policy of the . . wliil* ■mhen an exmort business hffls been organieed, AustrallJominlon ensures operators an unassailable home market, oil resources con he .developed regardless of foreign operation*m should take all the surplus- oil produced. Therefore these 7 ~ -- r v " 1 "-" 1 ' Mr Henry concludes his Hepoit upon the properties as fol lows ._ "The'entire proposition can be recommended on the gr the production refining and marketing of petroleu-n under mind that it is complete m every detail, embracing as it docs oUhe onoS pro k nSsive Golbnies of the Empu*." the ™ s * favourable, economic and tradiiigconditions in one o„ ; S^g r S3ir Per Slia " on all Shares allotted to person, other *.„ Underwriter. *, VCMed £GQOO,i " CIUSi - ° f ****"* *«» Briti-i Empire Oi.field,, L,nit«T IS .NTENDED TO ESTABLISH A NEW SHAREHQLDERS |N DUE Dated this 28th day of March, 1912. SE ' APPLTOATTONS FOB, SHABIBS in New Zealand and A . Bank of New Zealand, at any of its principal branches, or at ustralia will be received on behalf of the Company by the LIMITED, New PWontli-by MESSRS C. C. ROSS AND the Offices of the TARANAKI PETROLEUM COMPANY, ' J > •' CO., Mnisterton, and by— THE PRINCIPAL SHAREBROK rHt PMinuirfl THROUGHOUT THE DOMINION. SPECIAL NOTE.— Since the Pros-oectus was printed SIR GEORGE CLIFFORD, Bart, Stonyhurst, SHI JOHN LANE K.C.M Tr T^^^T »Te-*9nsent€d join the Board of pirectors after flJJofane Chairman of the Oil frnst, Ltd., LONDON, rasssr-