A NEW OIL COMPANY.
Applications for shares in the British Empire P«troleuui Company of New Zealand. Ltd.. Taranjikj. \> ill be atsceived up to 'Lo-monow v/eek. The company proposes to acquire smd work properties afXew Plymouth, wliirh are bounded by tho Taratoaki Oil Wells, Ltd., and the Standaid Oil Company of New Zealand. A totnl working capital of £85,000 is provided for, ajjti it is intended to erect an up-to-date dialling pl&u'u and bore for oil, and, if neces'wrv, to erect a. reiiutiry. Tho capital of £125,000 is divided into 500,000 . sb.am> of 5e each, payable 6cl per iharo on application ajad 6d per s hare on allotment ; ths balance 111 calls not exceeding 3d penshare at intervals of not less than three months. The directors aro Sir .fames Carroll, M.P , iiio Hon. J. A. Millar, M.P., and Mr. M. F Burke, woolbroker, Wellington. Tho British Empire Company has eecuml oil right* for a period of abottt fort-y-five years. The registered office of tho company is Bank. Chambers, Laiubton-yuay, Wellington.
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Bibliographic details
Evening Post, Volume LXXXIII, Issue 105, 3 May 1912, Page 5
Word Count
169A NEW OIL COMPANY. Evening Post, Volume LXXXIII, Issue 105, 3 May 1912, Page 5
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