COMMONWEALTH OIL CORPORATION LIMITED.

Taranaki Herald, Volume LIV, Issue 13536, 12 October 1907, Page 2

COMMONWEALTH OIL CORPORATION LIMITED.

• .. ' / ' .l is -ftrri-.iJ.'Vt U. „-li. t'-: Mr H. w. Saxton fwßfftAfeTOtJaftli the following T*H<Kt)^ttS4^ position and prospects of the Commonwealth, -WCckS poration, Limited : — Further,/) dittfelopments hay© been lnafctelii? d&e twines at Wolgan and <C3»pestee&* «md a Oriew bench of .retort*. MftSrluSAiatas been erected. A railway of jaßMiies^hi^aisai&ee* con(struofced fojStrianßp^ißgth^pfont for. refining at Wolgan-and exporting .shale, ; .coal, and iOto&e^Tlfejwospeoiiing pjf&^d •'conclusively .that th© «hal& available is (sufficient ,, for. :%M& . I - brop6sed, works, without using >4hs imiEeinW '*«-> 'serves in the Capertee-Valley. A num;ber of worKi'g^ategj^hSve'^been opened |np, and the quantity on the dumps 'in t fcpth valleys is^o#*|r;fcht>ft of 28,VQ$ tons. Tax other words, therfe are reserves for 150 years?; yif©fte Mfttfeg rate origin- * ally intended. Opal of,. good quality is found* 6ver<anjte£ge</afe&.. { The'bbal.produces a coke suisjjble";f or/ /Jron smelting, chaining an ash of 8 to 10 per cent.,

sulphur 0.4 per cent. Prospecting and development have proved upwards of 2C|000,000 tons of shale, and from evidence, obtained there is presumably, 3(^000^000 fains tnpre. - Building and fir^ bricjks will b© made on this' spot for thjo corporation's „ township. • !the,riNew Squth "Walejs Sha%B;'anoVOil, Qompany, which was purchased by the. corporation, is giving a satisfactory and profitable return. Without the production of illuminating and lubricating iTt pil and blfie?>b^-pr"o3ucts, 6065 'iions^of ' shale has been shipped to Europe, and the company will be able to deliver, 20,000 t0t30,006 tons of shale'asta^ as the riiirwa>y can bring it down after October. A large demand for oils exists, and large sales will be effected as soon as the refined oil is pjaced.upon the market. Now that the railway is finished, every effort will be made to push forward with the construction of the works in order to get the products on the market. The prosjfejets_before the corpora-; tion could not be -b, rig-bier,., The magnitude of the enterprise of .this, corporation is now beginning^o Jbe,. thoroughly understood in Australia.