THE TARANAKI OIL FIELDS.

Press, Volume LXII, Issue 12501, 24 May 1906, Page 8

THE TARANAKI OIL FIELDS.

0 A WARNING TO SPECULATORS. (SPKCIAL TO "TUB I'RESS.") AVELLINGTON, Alay 23. The "Pest"' e.unds a note cl warn- ; ing iv regaid to speculation in Tara- ! nalri oil shares, and quous Sir James Hectors inve-tig-ti-iis as embodied in tho New Zealand Geological Reports of I_>_">-i"2. it j.,i>ini- out ii.at ~1 a man is goi.ig to g.ve a.ot) or JttiO tor a xo share, ue i-h-iikl seek ta_riy exi.aus-.ive inloruiatic-n. j iA-.-ivo.ug the formation of the TaraI naki c.uiuiy, in co.ivers u.oa w.th a I icp.e.eiuative of the "rest, Sir <Janien j lieetor said that along Uio iine_ of ' lis.lire., cau.sea, and liioie or k-_s -ecuI pied by liyk-c-s of a volcanic uatuie, j ladiat-ng fr-jin t;.e erttpuve centre, .foj j oil ana mitst nece-saj dye.cape, j and reacu the surface in an irregular j ; nian-ner. The inegiilarity was tho ' ' grtat point of the whole tiling. Alo::g j the gr«at tiykes that were now exposed at tlu* suriace, and reprwc-emod by w..at | whs known as tiie g.oup ot Suyar ; Loavew at Taranaki, hsMiicn probauly ex.sted from wlucu i_t*ued tho producw Jot tho destructive distination, that was ] c.in-.etl by the later volcanic energy -ti I | Alt.uivt Egmont, and through tnese li-?- i , siirej was d.scharged tne oil wh.ch, for 1 I the ln.-t fifty years, had excit-ed t.ie | interest and ai--p_ra:ions of local res-.-I dents. ! Sir James did not set out to criticise the present Moturoa emte p.ke. • His lomarks were c.nti..ea io tht* p &:, and aie rep.o-iiced to rem nd people that the yevstercay c-n.iot aft-jgetner be ! in decis.or.-_ concerned wun to- | •uay and to-monow. j I