OUR PETROLEUM FIELDS

New Zealand Times, Volume XXXIII, Issue 7345, 25 January 1911, Page 1

OUR PETROLEUM FIELDS

''■■":..'.'■—T ~♦■— '-—■ '• ' .'.''i ■■■'. [EXPERTS GOOD OPINION KEGAKIV. \ 'ING- TAJiANAKI. V." ~■/.';."■".;-■ PRESS, ASSOCIATION". ;, ' ".'■; ;J " ":' '; .' ; .NEW PLYMOUTH; January 24. ' Mr J. D. Henry, the oil expert from!, ■jHome,'.' in an 'interview this morning,.: with" "a.. "Taranaki Herald" representa- % [five, .said: "It the good fortune of 'very: : few oil-producing centres to ■• possess such splendid geographical advantages. Shipment of Taranaki oil will ' (never cost the producers more than' a ; fraction of-thb ilenvy expenses incurred . by the- movement of oil iu many of the great foreign fields. In, California. Trinidad, and Newfoundland numerous prosperous oil ports are being brought .into existence, but none possess greater 'advantages than the port of New Plymouth." .He declares there is reAsbnfor optimism as to the development of the field and its influence on the trade, of the town. The results secured, up ; to the present are far from.. unsatisfiedtory, and the companies have done bet.terjithan concerns operating in .such places as Nigeria and Trinidad, at ..the ,'■ Start.'.'■ He add* that Sir Boverton*,ltolwood, the well-known authority on"'j»et>. rdleum matters, has ;i very keen appreciation of the possibilities of.a large industry being established iu this is. ■_ land.

ACTIVITY OX WEST COAST. ' GHEYMOrjTH. January lit. , There was considerable activity in the oil industry this morning, owing to Mr David Ziman, per Mr Ifanuam. applying for 12,80!) acres at Kotuku on the 'rf-commendatioii of l>r Wanner, oil engineer. Machinery for boring is now on the water.