THE OIL INDUSTRY.
MR. HENRY OPTIMISTIC. BIG DEVELOPMENTS EXPECTED. Mr. Henry, in the course of a Wellington interview, expressed the hope that drilling work would be started immediately at three or four different points where it was believed that oil would be discovered in commercial quantities. As a matter of fact, he said, his sympathies in oil matters were of the most catholic description. It was not a matter of great concern to him in what part of the Dominion the first strike of oil was made, because he felt that the next discovery could not fail to bring along better times for what had up to the present been a struggling indus-try. His -greatest hopes at the moment were centred in the Taranaki district, where important developments might be expected within a few months. Nothing could be more satisfactory, said Mr. Henry, than the interest which the Government had shown in the subject of the development of the oilfields during the past 12 months. The practical sympathy of the Government had exerted a beneficial influence in oil circles in the Dominion.
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Bibliographic details
Taranaki Daily News, Volume LIV, Issue 181, 30 January 1912, Page 8
Word Count
182THE OIL INDUSTRY. Taranaki Daily News, Volume LIV, Issue 181, 30 January 1912, Page 8
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