Page 4 Advertisements Column 6

Wairarapa Daily Times, Volume XIII, Issue 4028, 5 February 1892, Page 4

WAIOTAPU OIL AND « MINERAL COMPANY (Limited), w To be Registered under tho Company's , Act, 1882, and its Amendments. Capital ... ... iloo,ooo (With power to Increase.) In 100,000 shares of £1 each, of whioh 15 50,000 fully paid up shares will be al' lotted to the vendors, Tho balance of 50,000 are now offered to the pubtio on the following terms-™,, 2s 6d per share on application, 2s fid per share on allotment, ,2s 6d per share In three months, and 2i6d per share in six months, and the balance in calls, or as much as may required, not exceeding 2a 6d per .... ire,'to be liiade at intervals of not less • than three months. Dibeotobs: Tojbe appointed at the First Mooting of Shareholders. t Bahkbbs : Bank of Australasia, Napier. PS OS PE O TIS tl Napier-B AKER & TABUTBAn, Wklhnbton—L4EßY & CO, Auckland-FB&TER BROS. UONEDIN—E.A.SUOTT. - Rotobua-D, GRIFFITHS. Solicitors : Napier, New Zealand, Salnsbury & Logan. Melbourne, Austin Baker. fjECKETARV (pro km.) F. B. Scott, Waiotapu, Rotorua. THIS Company is formed for the purpose of acquiring from the owners all benefits whatsoever and all rights under certain deeds of lease from theOrown which are being granted by tho Crown to. certain of the Vendors, comprising in" all an area of 240 aorcs, situated in tho Waiotapu Valley, near Rotorua, New Zealand, and for the purpose of working Petroleum, Oil, and the various Minerals, Hematites, Acids, Ores and Clays, which are found on the The survey of the lands has recently been completed under directions from the Survey Office, and the leases will be Before the Memorandum and Articles of Association are registered the leases from the Crown will be open for inspection at the office of the Company 1 Solicitors at Napier. The terms of purchase are as follows; -The vendors shall receive £IO,OOO in cash and shall 7 have allotted to thorn 60,000 fully paid up shares m the Company. An agreement embodying the terms of the sale and purchase will be incorporated with and form part of the Memorandum and Articlesof Association of tho Company, The yendors are—Colin Ross, run' holder, Melbourne; Edward Douglas, settler, Tauranga; Donald Ross, Btation manager, Strathmore ; Logan, Rolicitor, Napier j W. Fawkner, gentleman, Napier; Francis Bernard Scott, gentleman', Wniotapu; J. C. Rankin, runholder, Strathmore; who guarantee that all monies will be returned in the event of the Company not being floated, PROSPECTS, Petroleum of a very fine quality has been found in a number of places, and the ground, in many portions of " Company's leaso, is fairly saturated with it; in the creeks also it is to be seen flowing freely, clearly shoving that wells of this rock Oil exist somewhere in this locality, and have been er.uding running to waste for years back. It is anticipated that nhen proper appliances are brought to bear for boring. Oil will be reached at no great depth. Being in the region of thermal action, tonds also to favour the opinion of a ureafc Petroleum source being situated in this locality—as in Russia it is found in its greatest Btate of purity and quautity in the region of active volcanic centres—and in Waiotapu the oil actually undergoes a process of distillation in comms to the surface. on account of this thormal action and its mixing freely with phurio 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 which will find a ready 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, andTaupo,and another braaoh line to Galatea, which latter forms the eastern boundary, it is a well watered by the Waikokomuku, large fresh water stream, and the Qakitikite, a'hot water creek, which runs right through the land composed in the 1 Manv valuable hot mineral baths with I (

rnauy vtnuawitj uu& jiiiuorui unuis wivu afcronß curative properties exist on the ground, Samples of. the various minerals are open for inspection at tlie offices of Messrs Laeiy aiid Co., Willis street. REMARKS FROM VARIOUS AUTHORITIES. Analysis by Dr Hector, New Zealand Geo, Survey Laboratory. "This is good Petroleum—its specific gravity is '864, and it yields good com. mercial kerosene." (Signed) J. Heotob. From Gerhard Mueller, Esq., CommiS' sioner Grown Lands, "I haye been surprised beyond mea sure to see the exudations of Petroleum at so many places in your Yalley, all of which point to a great reservoir of this Oil somewhere thereabouts, 1 ' (j. 0. MoAyley, JJsq., Botorua, 19th November, 18P1. " I was shown over 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 full of Oil, I consider the prospeot is an excellent one. The numerous firni varied coloured parths ape also very P. B. Scott, Esq,, Auckland, November, 1891. i "Ihavo resided in the 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 looality. Throughout all this company's ground, oil is to be got on the surface, few feet below it, and also in the bed< ot the creek. Hundreds of gallons must haye been finding thelrvway.'down thjs stream weekly. 1 consider t|ip very fact of.fhg gropd being so-much disturbed by yojeanio apenoies, is very favourable to the supposition of subterranean cayems existing capable of containing large reEervoifflbf 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 hematite;, aoids and clays, - &re found 1 to piuflaeate the whole formation., A compound which might be termed paraffin butter is also found in quantities, This is a curious substance, and is very useful and effective ati an antifriction greaße. : The petroleum tn its crude state makes an excellent salve, and'is largely-used by the natives for horse sores, scalds, and wounds. NEWSPAPER EXTR4OTS. : Hot Lakes Chronicle, Jttotorua, 23rd Oct., 1891, 1 The; importance of this find, prompted us to take an interest in the matter by seeing for ourselves what the prospects really are, With this view wo paid a visit to the : Valloy, The Oil is seen floating down a creek, and as: we walked along our footsteps caused a more perceptible flow. The Oil is not confined to the oreek alone, but some distance away it is also found; in fact the ground is perfectly saturated with it. The indications of Oil arepreoiselysiml lar to tee found at Oil Creek, Penh* sylvapia, iii 1860, when, more than a thoiisand wells were bored frotn 600 to' COO feet deep, and in 1869 many of the wells' yielded regularly 300 ; barrels -per day. 'We mention this'to alio? that It is possible, and indeed probable, that the Waiotapu find may be of the utmost importance to' New Zealand. Thoprothing is bein? done to make the Venture From' the N,Z. Herald, Aiiokland, Novomber. tapu Oil afldMiheral Ooinpan'y'sfjrolind daring the.'past week, and a good many of those who havo been hitherto incredulous, Mr Scott allowed them to dig' for V a li t t E