PETROLEUM.

Stratford Evening Post, Volume XXIX, Issue 136, 1 August 1911, Page 6

PETROLEUM.

LETTER FROM MR. J. D. HENRY. Messrs Watkins and Fox have just received a letter from Mr. J. D. Henry, dated London, June 16th, iu which be says:—“There is no need for me to tell you how greatly I appreciate what you and other friends did for me while I was in New Zealand. It is equally unnecessary for me to say anything about the return journey. You know that I made this as quickly as possible in the interests of the business which took me out to Now Zealand. A few papers mailed after I returned will have given you some hints as to what I think about the situation in Loudon. I come here to find everyone interested in foieign oilfield investments thoroughly downhearted. I was soon able to show my associates in colonial oJ that the times suit our plans in every respect, and the work I am engaged upon promises to result in the finance side of New Zealand oil lining successful directly people settle down to business after the holidays. You may take it that we shall have a boom for New Zealand. Two things have naturally pleased me; 1 refer to the putting up of the £2OOO by my people and the business-like way in which it was decided that the chairman of the Taranaki Petroleum Co. should set out for London. You have my assurance that so far as Taranaki business is concerned the future is bright, and this should, be good news for you, seeing tiiat no foreign oil group can sav the same with respect to projects tlio\ have had in hand for many months. 1 am in touch with Sir Joseph ’Yard. Keep me well informed about Taranaki matters. No one can do this so well as yourselves. You cannot speak too hopefully of what is being done, and the bright prospect;; in store for Taranaki. Give rny kindest regards to all friends.”

By the last English mail Mr A. E. Watkins received a book entitled “Russian Oilfields and the Petroleum Industry,” by John Mityakis, L.L.D. (Atli.), who is recognised as being one of Russia’s best-known oil experts. Several references are made to Mr J. D. Henry in this work. The author states: “The oil industry all over the world, and Russia in particular, owes a great deal to Mr. Henry, who has done much to re-establish confidence in the possibilities of British enterprise in the Russian Empire. Mr Henry is also recognised throughout Russia as being an authorty on the oil fuel question, and his great knowledge of the oilfields of the world, all of which he has visited, must l)e of immense value to the British oil investor.”—“News.”