AUSTRALIAN OIL COMPANY.
Press Assn—By telegraph—Copyright, (Received March 18, 9.45 a.m.) LONDON, March 17.
The vendor to the syndicate forming the Australia Oil Company receives in shares £96,000 and £34,000 in cash.
The British Australasian considers the company is over-capitalised, and the purchase consideration is excessive. It doubts if the concern would have seen light but for the oil boom.
The Financial Times considers the company affords a very fair opportunity for speculative investment.
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https://paperspast.natlib.govt.nz/newspapers/BA19100318.2.30
Bibliographic details
Bush Advocate, Volume XXII, Issue 65, 18 March 1910, Page 5
Word Count
74AUSTRALIAN OIL COMPANY. Bush Advocate, Volume XXII, Issue 65, 18 March 1910, Page 5
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