Page 4 Advertisements Column 7

Wairarapa Daily Times, Volume XIII, Issue 4033, 9 February 1892, Page 4

PROSPECTUS . (IP. THE . WAIOTAPU OIL AND MINERAL COMPANY, (Limited), To be Registered under the, Company's • Act, 1882, and. its Amendments. ■ 1 Capital ... "1100,000 (With power tOlncrease.) j In 100,000 shares of £leacb, of which 60,000 fully paid up shares will .be allutted to the vendors. The balance of 50,000 are now offered to the publio on the following terms—viz,, 2s6d per share on application, 2s 6d per share on allotment, 28 6d per sliara in 'tlireo months; and 23 (id per share in six months, and the balance in calls, or sb much as may be required, not exceeding 2a 6d. per share, to be mado at intervals of not less than three months. Dieecioiis : " To he appointed at the First Meeting of Shareholders. 1 L t I c t ] Bank of Australasia, Mapier. NAPIER—BAKER i-.TABUTEAH, Wellington—L4EßY & 00. AUOKUND-FRATER BEOS.). DONBDIN-E.A'.SOOTT. Botorua-D, GRIFFITHS. . Solicitors : Napier, Neyr . Zealand, Sainsbury & Logan. Melbourne, Austin Baker. : Secbetarv (pro few.) ■ F. B. Scotti Waiotapu, Rotorua. I^HiS, Company is formed for the . purpose of acquiring from the owners all benefits whatsoever, and all rights' under certain deeds of lease from the Crown which are being granted by the Crown to certain of.the Vendors, comprising in all an arcaof 240/acros, situated in the Waiotanu Valley, near Rotorua, New Zealand, and for the purpose of working Petroleum, Oil, and the various Minerals, Hematites, Acids, Ores and Clay's, which are found on the property to be comprised in Buch leases, 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 the Crown will be open for inspection at the office of the Company's Solicitors.at Napier. The terms of purchase are as follows —The vendors shall receive £IO,OOO ii and shall have allotted to them 50,000 fully paid up shares in the Com' pany.. An agreement, embodying the terms of the Bale .and purchase will be incorporated with and form part of the Memorandum and Articlesof Association of the Company. The yendors are—Colin Robs, run' holder, Melbourne; Edward Douglas, settler, Tauranga; Donald Ross, station ; F. Logan, solid tor, : Napier; W, Fawkner, gi map, Napier; Francis Bornard Scott, gentleman, Waiotapu; J.O, Rankin, runholder, Strathmore; who guaran tee that all monies will be returned in the event of the Company not being " lated, PROSPECTS. Petroleum of a very fine quality been found In a number of places, and the ground, in many portions of the Company's lease, is fairly saturated with it; in the creoks also it is to be seen flowing freely, cloarly showing that wells of this rock Oil exist somewhore in this locality,' and hayo been er.uding and running to waeto for ytars hack. It " anticipated that when proper appliances aro brought to bear for boring, Oil will be readied at no great depth. Being in the region of thermal action, tends also to favour the opinion of a great Petro leum source boms situated in this locality—as in Russia it is found in its greatest state of purity arid quautifcy in the region of active volcanic centres—and in Waiotapu the oil actually under goes a process of distillation in coming to the surface on account ■of this thermal action and its mixing freely with Sulphuric Acid. Valuable clays and hematites are to be found in large quantities, also iron ores, oxides, and many other valuable ores pigments-all of which will find a ready market. The area for operations consist" ofthe most i valuable' portion ot the famous sightseeing \Vaiotapu Valley, and it situated about 20 miies from Rotorua, The property is approached from Eotorus by a main line of roadleading to Strath'

more, VYairakei, andfaupo.'and another branch line to (jfilatea, which lattei forms the eastern boundary. ,It is also well Watered by the Waikokomuku, a large fresh water;stream,' and the Hak\tikite, a hot'water'creek, which runs right through the'land composed in the lease Many valuable hot mjneral' baths with strong curative properties exist on the ground. , Samples of the various minerals are open'for,inspection, at the offices of Messrs Laery and Co., Willis street. REMARKS PROM 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' I. (D 'A ut, ») J. it to ed 8h ad ■sIr B. il, reservoirs of oil, which areoften deficient in regular Bandstone formation, Apart (com the petroleum, the value of tins property is greatly'enhanced by the interesting variety of hematites, acids and olays, whioh are found to purmeate the whole formation, . A compound whioh might be termed paraffin butter is also found in quantities. This is a curious substance, and is very useful and effective a 4 an anti-friction grease. Tho petroleum in ittfcrude state makes an excellent salve, and is largely used by. the natives for horse sores,' scalds, and (Signed) J, Heotor, Prom Gerhard Mueller, Esq., Coramia- . flioner Grown Lands, " I haye been .surprised beyond mea sure to Bee the exudations of Petroleum at so many places in your Valley, all of whioh point to a great 'reservoir of this Oil somewhere thereabouts." G. 0. MoAuley, Es!)., Rotorua, 19th ' November, 1891, " I was shown over only a small por tion of tho ground, and in all places found 'Oil -flowing. freely—even in " bottom of the stream—-the earth ih full of Oil. I.'coDßider the prospect is au excellent one. The numerous and varied coloured earths, are also very F, B. Scott, Esq,, Auokland, November. ,• . ' " 1891, ■ ■ " I have resided in the locality of the Waiotapu Petroleum "Springs for 'the laßtfcur years,"and haye had every opportunity of calmly considering the probability of a reservoir existing in tha' locality. Throughout all this com pany'i ground; oil is to bo got on the.surface, a few feet below it, and also in the bed ot the creek, Hundreds of gallons must have been finding their way down this Stream weekly. 1 consider the very fact of the ground being so much disturbed by yolcanic apencies, » very favourable to the supposition of;'subterranean cay-. 4 re >t Id t n n r, NEWSPAPER EXTRACTS. Hot Lakes Chronicle,'Kotorua, 23rd Oct;, 1891. ' .The importance of this find prompted us to take an interest in : the matter by seeing for ourselves what the prospfecte really ard, With this view wo paid> visit to the' Valley,' The Oil ia seen' floating down a . creek, arid as we walked along our footsteps caused a more perceptible flow. The. Oil is not confined to the creek alone, but, some distance' away it is also found j in fact the ground is perfectly, saturated with it, The,indications of Oil-we precisely Bimi-' lir »i those found'at'Oil Creek, Pernio sylvania, iu 1860, when jniora than a thousand wells Werb bored from' l soo to COO.feetdeep, and in 1869 many of the wells 'yielded regularly 300 " barrels per day.: We mention this to'bhoV that it is possible, and iiideei'probablei that the' ■Waiotapu find may be of the '■> utmost importances New Zealand. 1 Tho pw spectf are undoubtedly good' and' everybeing done tomakothe venture a success','.&o., &o.i &c.: -c-'. From the N.Z,Herald) Auckland, No- ' vomber. ■i '"Many persons have visited the Waibi' taOll and Mineral Company's ground daring the past week, jind a good many of those who have been hitherto incredulous, i Mricott allowed them to dig for