SOUTH PACIFIC PETROLEUM COMPANY.

Daily Telegraph (Napier), Issue 5136, 4 February 1888, Page 3

SOUTH PACIFIC PETROLEUM COMPANY.

(P.B. Herald.)

The delegates (Messrs. Weaver and Scott) appointed by the Gisborne shareholders have returned from Sydney. Mr Scott informs us that there will not be the slightest difficulty in floating the new company ; that, if required, five tunes the amount of capital would bo forthcoming either in or Melbourne. Mr Fleming , , the managingdirector, informed Mr Scott that ho could get seven or eight capitalists in Melbourne to take up all the new issue of shares. Shares in the present company were worth 30s in Australia, that figure being offered and refused. The terms on which the company is to be enlarged are those which wero published by us a few days ajjo. The capital of the company is to be increased to £100,000 in CI shares. The present holders of scrip are to receive £1 per share, and fully paid up shares in the new company equal to the number they hold iv the present company. After providing for this payment £40,000 will be the amount of capital available for futuro operations, a sum considered sufficient for all purposes. The floating of the new company now entirely depends upon the action of the present shareholders in sanctioning or rejecting the proposals lo bo liid before the meeting on 'Tuesday next. Mr Washington Weaver, the working manager, proceeds to San Francisco by the first outgoing mail steamer for the purpose of obtaining the plant necessary for tankage, refinery, and pipe line. Mr Frank Weaver, who is now at the company's works, is immediately to start another bore. It is not deemed advisable to proceed with operations at the present well, until tankage is provided, as an overflow iniufht result iv a serious loss of oil.

JCAVIANA. — The True Remedy for Liver Complaint; strengthens the Kidneys, ami disperses all the unpleasant effects of Torpid Liver, nets as :t gentle purgative, causing no pains. Ivaviana does not contain im-rcury or any other ingredient injurious to the system. Prepared by the Proprietors in Bottles, 3a and os 6d per bottle Eakins & Co., Manufacturing and Pharmaceutical Chemists, Emerson - street

During the hot weather the question is often asked " What shall I drink?" Wo can with confidence recommend cordials supplied by Messrs Eakins and Co. These pure fruit cordials, when mixed with plain or seUzogcne water, make a most delicious and refreshing drink, and as the price is moderate, should command the patronage of those desirous of obtaining a cooling, healthy, non-alcoholic drink. These cordials are sold in single bottles or in cases containing one dozen. Soltzogeno Powders supplied at moderate prices.—Eakins and Co., Manufacturing and Pharmaceutical Chemists, Emerson-street, Napier.