INVESTMENT IN OIL

Otago Daily Times, Issue 15433, 20 April 1912, Page 10

INVESTMENT IN OIL

TOE SITUATION REVIEWED. Surely Taranaki lias at Inst come into its kingdom. It has not only "struck oil," but it is unquestionably going to doielop, a largo and jirosporous industry—one of national importance. Ten or 12 years ngo thoro was tho utmost uncertainly in respect to tho geological conditions which existed' in ihu oil-boaring territory of Taranaki. Now, reasonable definition has been arrived at. The Oil strata to-day aro as plainly recognised as would be well-defined reefs. Uii means inont..y--coinmercially speaking. The Anglo-Californian oilfields and the Burma oilliebls-two British oonipaiiicshave averaged, for example, dividends of Hi per cent, and 25 per cent, respectively during tho lust seven years. I'lie Taranaki (New Zealand) oil wells, with their already lino How of oil, and their valuable possession of furtiier oilbearing country, haw beforo them u remarkable prospect. Mo wonder shares are in demand, and that active inquiry is being made by investors. There is unquestionably even- likelihood of this substantial concern steadily paying dividends—and good ones, loo!

Wo daresay it is because, that now Taranaki oil has behind it experienced men of businois or strong financial staining; thai ilie advico and services of tho foremost experts in the world have Wen scoured, and that nianaganont of the best and most practical kind is to prevail; that public conIkivnco lias Wcii gaiued. Shortly, when phut ami equipment of modern character have Wen installed, anj when the refinery has ken erected, there should be a most generous and profitable output of Taranaki od. As the Taranaki oil wells are almost alongside tho New Plymouth wharf, the good market which exists will W rea«ly reccliod at a minimum cost.

As we have remarked, capital in the Tamnaki (New Zealand) Oil Wells (Limited) is being eagerly subscriWd for in New Zealand, and as only a limited number of shares can W reserved for this Dominion, investors would wisely not delay application. Being a British company, with'subscriptions also at the Londou end. the list will not be kept o|H.'ii a moment loucer than has Wen pre-arranged.—2o4l2.