FIND OF OIL.
IN GERMAN NEW GUINEA
NAVAL AUTHORITIES INTERESTED.
(Received February 28, 8.10 a.m.) .BERLIN, February 27;
The Budget Committee of the Reichstag states that a mining expert has reported the discovery of oil in North-west German New Guinea, and the' committee voted £25,000 sterling to cover the preliminary work of proving the claim. The oil is similar to that found in Dutch India. • The German naval authorities' are deeply interested in the discovery. Four large companies are applying for exploitation, including a monopoly of land and telegraphs and exemption from taxes for* 15 years.
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FIND OF OIL., Ashburton Guardian, Volume XXXIII, Issue 8806, 28 February 1914
FIND OF OIL. Ashburton Guardian, Volume XXXIII, Issue 8806, 28 February 1914
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