MOTUROA OIL OPERATIONS.
The ;iiiiiu.'il report (if Mtituroii Oil Kiehls, Ltd., si.-lies that oil sales (lining the year increased h.v £110"'. due In increased production from the No. -1 well. The cross profit of .UlStlT was £.">!h» higher, and the net profit _.IS2 up. To eiiahle the Moluroa Company to continue operations » mlniiiK licence lias heen taUen out coveriiiK H' wpiai-c miles. Naturally, stales the report, the prospects „t the company lire iiuiU'i-iall.v nllccleil h.v (he [-success ot llie Now Zealand IVtruleiuu Coiiipaiiv's elrorls, hut while any further la rye-scale ilrininjj plan does not appear feasible. the directors feel that there is still a prospect of developiui,' the Moturoa shallow field it neyollalions lli.'il lire U'l"' ImMiik place can he hniuuht lo a suceesslul conclusion in ihese cii-cunislam-es Hie directors advise that Ihe questions of dividend payment and future policy In- deferred.
A notice to motorists in this issue sets out the hours for the sale of petrol in the holiday period. Double-banking on a bicycle in Willis Street about 4 p.m. yesterday, two boys .vere thrown from the vehicle when its front wheel ran into the groove in a tramrail. One boy went over the handlebars and struck his head on the pavement. He was able to go home after attention in a shop. The other boy was uninjured.
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Bibliographic details
Evening Post, Volume CXL, Issue 148, 20 December 1945, Page 4
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220MOTUROA OIL OPERATIONS. Evening Post, Volume CXL, Issue 148, 20 December 1945, Page 4
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