NEW ZEALAND OILFIELDS.
REPORT BY RECEIVER. By Telegraph—Press Association—Copyright. (Received September 21, 5.5 p.m.) London, September 20. The New Zealand Oilfields' official receiver reported yesterday, at a meeting of the creditors and shareholders, that the. prospectus did not give sufficient information with regard to the enormous profits to the promoters. It appeared that the original concessionaire was willing to sell his interest for £50,000. The company, however, paid £110,750 for it. The- company started with a working capital of £52,500.
Permanent link to this item
https://paperspast.natlib.govt.nz/newspapers/NZH19130922.2.55
Bibliographic details
New Zealand Herald, Volume L, Issue 15412, 22 September 1913, Page 7
Word Count
80NEW ZEALAND OILFIELDS. New Zealand Herald, Volume L, Issue 15412, 22 September 1913, Page 7
Using This Item
NZME is the copyright owner for the New Zealand Herald. You can reproduce in-copyright material from this newspaper for non-commercial use under a Creative Commons New Zealand BY-NC-SA licence . This newspaper is not available for commercial use without the consent of NZME. For advice on reproduction of out-of-copyright material from this newspaper, please refer to the Copyright guide.
Acknowledgements
This newspaper was digitised in partnership with Auckland Libraries and NZME.
Log in