Page 4 Advertisements Column 5

Wairarapa Daily Times, Volume XIII, Issue 4024, 1 February 1892, Page 4

PROSPECTUS WAIOTAPU OIL AND MINERAL COMPANY (Limited), To be Registered under the Company's ] '■> • Act, 1882, audits Amendments. ( Capital ... ... ~, 1100,000 i (With power to Increase.)' In 100,000 shares of £1 each, of which 50,000 fully paid up shares will be al-, lotted to the vendors. The balance of 60,000 are now offered to the public | on' the following terms—viz,, 2s 6d per share' on application, 2s 6d per share on allot-: ■■ ment, 2s 6d per share in three, months," t and 2s 6(5 per Bh'are in six months, pnd> '■ the balance in calls, or as muoh as may' "•' bo required, not exceeding 2s Od iper" share, to be made at intervals of not less thau three months. DlKEOIOIii)! ; To be appointed at the First Meeting of . Shareholders. • •• Bakkkrs : . ' Sank of Australasia, Napier. , ' Brokers '" \ NAHEtt-BAKER&TABUTEAn. Wmiington-UERY&CO. . Auckland-FRATER BROS. , Uunbdin-R.A.SCOTT. Rotoota-D, GRIFFITHS. '" Solicitors :. ■ ' Napier, New Zealand, Sainsbury & Logan. Melbourne, Austin Raker. . Seokeiarv '(pro-fern.) F. B. Scott, Waiotapu, Rotprua.i IlHib Company is formed for the . purpose of acquiring from the ) owners all benefits whatsoever and all r riplits under certain deeds of lease from j the Oruwn which are being granted by the Crown to certain of the Vendors, i comprising in all an area of 210 acros., situated in the Waiotapu Valley, near Kotorua, Now Zealand, and for the purpose of working Petroleum, Oil, and the various Minerals, Hematites, Aoids, Ores and Clays, which are found on the t property to be comprised in Buch leases. I, The Burvey of the' landß has recently. 8 been completed under directions from' the Survey Office, and the leases will be , prepared and issued at once. Before the Memorandum and Articles - of Association are registered the leases from., the Grown will be open for r inspection at the office of the Company's g Solicitors at Napier. . The terms of purchase aro as follows; „ vendors shall receive'£lo,ooo in cash and shall have allotted to them 50,000 fully paid up Bhares In the Company. An agreement" embodying the terms of the sale and purchase will be • incorporated with audforrn partoftho Memorandum and Articleaof Aaaooiation of the Company. The yendors are—Colin Robs, runholder, Melbourne; Edward Douglas, settler, Tauranga; Donald Ross, station manner, Strathmore j F. Logan, solicitor, Napier; W, Fawkner, gentlemar, Napier; Francis Bornard Scott, gentleman, Waiotapu; J, 0. Rankin, runholder, Strathmore; who guaran< tee that all monies will be returned in the event of the Company nob being floated, PROSPECTS. Petroleum of a very fine quality, has been found in a number of places, and the ground, in many portions of the Company's leaso, is fairly saturated with' :8 it; in the creeks also it is to be seen . flowing freely, clearly showing that wells of this rock Oil exist somewhere in this " locality, and ha'yo been er.uding and ? running to wasto for years hack. It is anticipated that when proper appliances aro brought to bear'for boring, Oil will be reached at no great depth. Being in the region of thermal action, tends also to favour tho opinion of a great Petri)'- ' leum source being situated in this P locality—as in Russia it is found in its '' greatest'state of purity and quantity in the region of active volcanic centres- ' and in Waiotapu the oil actually'undergoes a process of distillation in coming to tho surface on account of this thermal action and its muting freely with Sul- . phurlc Acid. Valuable clays and hematites are to be found in large quantities, also iron ores, oxides, and many other valuable ores and pigments-all of whioh will find a ready market, The area for operations consists of the

most valuable, portion ot the famous sight-seeing Waiotapu Valley, and it is situated about 20 miles from Rotorua, The property is approached from Rotorua by a main line of road leading to Strathmore, Wairakei, and Taupo, and another branch line to Galatea, which latter forms the eastern boundary. It is also well watered by the Waiknkomuku, a large fresh water stream, and the Hakltikite, a hot wator creek, which runs right through the land composed in the lease. Many valuable hot mineral baths with strong curative properties exist on the ground. i Samples of the various minerals are open for inspection at the offices; of Messrs Laery and Oo„ Willisstreot.: REMARKS FROM VARIOUS: AUTHORITIES. Analysis by Dr Hector, New Zealand Geo. Survey Laboratory. " This is good Petroleum—its speoilio gravity is "864, and it yields good commercial kerosene," ' (Signed) J.Heotou.From Gerhard Mueller, Esq., Commissioner Crown jjands,, "I hnye been 'surprised', ljeyqnd measure to scs the exudations of Petroleum at so many places in yonr Valley, all of which point to a great reservoir of this Oil, somewhere, thereabouts" ~■■■■■; G. O.Mo'Auloy, Esq., Rotorua, 10th " November, 18P1. " I was shown ov« only a small portion of the ground, and in all places found Oil flowing freely "-even m the bottom of the stream—the earth is also full of Oil! I consider the prospect is an exc'ellont ono. The numerous and varied coloured earths are also very valuable." ■ F. B. Scott, Esq,, Auckland, Novomber, lp9J. _ | " I have resided in tlie locality of ;the Waiotapu Petroleum Springs for the lastfeur years, and haye .had every opportunity of calmly considering the probability of a reservoir existing in that locality. Throughout all this company's ground, oil is to be got on the surface, a few feet below it, and also in the bed. ot tho creek, Hundreds of gallons must hayobeen finding their way down this stream weekly. 1 consider the very fact of the ground being so much disturbed by volcanic apencies, is very favourable to the supposition of subterranean day* ems existing capable of containing large reservoirs of oil, which are often deficient in regular sandstone formation, ; , Apart from the petroleum, the value of this property is greatly, enhanced' by the interesting variety,'of'hematites, acids and days, 'whioh -are found to mirmeato the whole formation. A compound which might ,; be termed paraffin butter is aho found in quantities. This is a curious substance,'and is very useful and effective an an anti-friction grease. : The petroleum in its crude slate makes an excellent salve, and is largely used by the natives tor horse sores,'Bcalds, and ivounds. ,""' , "■ ", '.■'■' , NEWSPAPER EXTR4OTS. , Hot Lakes Chronicle; iiotorua, 23rd , .•''■ ,'V,!;:;,'. l ; , ;;Oct;;iB9i;'-;'.;'.i 1 ;:'','.; r j -theJ ;'impbrtano,e,, pjf'. ; '; tliia. find prompteckustotakeianinterest'.in .the : mattei'by ; seeingfor ourselves whaf the prospects really are,-' Witltfihisvjew we paid a visit, to the, 'i The'.Oil is seen floating'down a oreek, and as; we walked along ourfootsteps caused a mora perceptible flow.* The -Oilfined to the creek .alone, but, some diatan ee ; away .'it is also found'; in fact the ground,is perfectly saturated with it. ,The indications of Oil are predisely simi. lar to.tliose found at Oil Creek, Permfylvanta, iii 1860, when rnore. 1 thp a thousand jells'pre bored'from 60Q to COO feet deep, and ib 1869 nifttiy, ;pf ; the wells yielded regularly 301) 'barn-la [per day.'We iiiontiprr thjs to ihpjf thai it ib possible, and indeed 'probable,, that, the Waiotapu find may be or the utmost j importance'to Now Zealand. Tho pro■' spocts are undoubtedly good and everything is beimr, done to make the venture a success,'&o.,&o,,'&6..'; ;', 'i ; \ From the:N,Z. Herald, Auckland; No- >' ,■■;;■"!.';•■...'.:)voinberi .. : 'X ■■',. ': V ; \ '.'Many persons have.yisited the Waiotapu Oil and Mineral Company's ground ; daring the. past weekvaiida good many of those whp have boon' hitherto incredulous, Mr Scott allowed them to dig for'