AN OIL COMPANY.
A CHANCE FOR GISBORNE.
By Telegraph—Press Association
Greyinoiuh, last night
The Kotuku Consolidated Oil Company has received an offer from the Intercolonial Deep Well-boring and Manufacturing Company, Brisbane, to bore two thousand feet at the rate of ’2ss 3d per foot, and they would be willing to take up five hundred shares as part payment of the same. The Company wants a guarantee for that amount, as it would not pay to move their plant for less. The Company will supply all machinery, such as easing tools and labor, and will sink bores to the specified depth at their own risk and expense. The Company has had a large experience on the Canadian oil fields before coming to Australia. Already more than half the amount of the guarantee has been privately subscribed. The prospectus will be issued in a day or two.
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Bibliographic details
Gisborne Times, Volume VI, Issue 231, 8 October 1901, Page 2
Word Count
145AN OIL COMPANY. Gisborne Times, Volume VI, Issue 231, 8 October 1901, Page 2
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