TARANAKI OIL BORES.
(Per Press Association. ; ■ } New Plymouth, iMay 27. ; The directors of the Taranaki Pet- : roleum Co. received a cable this morning from Mr J. D. Henry stating that the deposit of £2OOO has been paid to the Bank of New Zealand, London. Following are the minimum terms of purchase:.. The. .price;.is. £IOO,OOO, half cash and half in fully_paid-up shares in an approved company; a further gum of £IO,OOO is payable if oil is struck in No. 5 bore before completion; all oil won and money due and to become due is to be the property o f the present ; company. The nominal capital of the new company is unit to exceed £400,000, with a subscribed capital of not less than £1.00.000. The directors do not intend to allot any more preference shares.
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https://paperspast.natlib.govt.nz/newspapers/OAM19110529.2.57
Bibliographic details
Oamaru Mail, Volume XXXIX, Issue 10778, 29 May 1911, Page 6
Word Count
134TARANAKI OIL BORES. Oamaru Mail, Volume XXXIX, Issue 10778, 29 May 1911, Page 6
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