TARANAKI PETROLEUM COMPANY.
NEW PLYMOUTH, January 2. Persistent repot ts are being circulated that the syndicate which is purchasing the Taranaki Petroleum Company’s properties is agent of the Standard Oil Company. A Taranaki Herald reporter interviewed Mr Brown (chairman' of the British Empire Oilfields), who gives the report an emphatic denial, stating that the Standard Oil Company was not interested in his company, which is solely British, with no foreign director’s or shareholder’s. The directors of tiro new company will also bo all British, including a New Zealand board of four. The applications have closed for shares by shareholders In the company who are entitled to 55.030 shares in the new company as part payment. A staff has been engaged night and day during the week in receiving applications. It is evident that the shares will be over-applied for, but it is impossible to say at present exactly how many.
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https://paperspast.natlib.govt.nz/newspapers/OW19120110.2.2
Bibliographic details
Otago Witness, Issue 3017, 10 January 1912, Page 3
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150TARANAKI PETROLEUM COMPANY. Otago Witness, Issue 3017, 10 January 1912, Page 3
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