OIL BORES.

Oamaru Mail, Volume XXXIX, Issue 10769, 18 May 1911, Page 4

OIL BORES.

OFFER FROM ENGLISH SYNv; . . PICATE. s ,. ; (Pek Press 'Association.)

New Plymouth, May 17. On Friday an-important cable was^received bv the Taraniki'Petroleum Company from Mr-J.'D'.HehryV a-British oil expert, who. has just returned to London after;-his, visit .on behalf/of ;a group of English oil fihairicie/s'to' Taranaki'and other parts of -New r Zealand." The cable was considered to-night by the-directors,-and-the -Daily News understands that- negotiations are in a particularly satisfactory and forward state, and if they are completed, as it is likely they will be shortly, it may be necessary for a responsible member of tiie directors to proceed to London directly. It is also expected that -Sir Henry will be returning to Tarariaki in a few* months' time, bringing with him a plant and staff to exploit the oil field on comprehensive and up-to-date linos, jir llonry'f: people have unlimited financial resources, and if the negotiations are complete*! ill" shareholders in the present Tnranaki Company, adds the News, will ho on a good wickel

CHEAP READING For the Winter. I have a great selection of the newest books, price from-6d upwards. The system is you purchase the first book, say at 6d, and on returning it in good condition you' pay only half-price, 3d for the nest book and afterwards. Another -consignment of the latest books next week.—Cecil Jackson, Hairdresser, Crown S.ajoon, next Post Office, licensed to sell stamps.