PETROL FROM COAL

Timaru Herald, Volume CXLV, Issue 21190, 10 November 1938, Page 14

PETROL FROM COAL

NEW PROCESS DEVISED By Telegraph—Press Association AUCKLAND, November 9. Australia is on the verge of successfully producing petrol from coal, according to Mr Henry Luke, a member of the Auckland Harbour Board, who returned by the Wanganella. Mr Luke said a new process of extracting petrol had been devised, and the laboratory tests were most encouragaing. A plant is being erected in Sydney to deal with the product commercially. An influential syndicate is behind the scheme, and it is anticipated that the cost of the production will be about 3d per gallon, which compared favourably with the cost of producing oil from wells. “The recent war scare has made Australia realise the need for better defence,” said Mr Luke, “and the production of petrol will be a wonderful help and encouragement.”

WOOL FUTURES United Press Association —By Electric Telegraph —Copyright LONDON, November 8. Antwerp Futures are steady; December 23 l-Bd, March 23*d, May 235 d. DALGETY AND CO., LTD. FINAL DIVIDEND FOR YEAR Messrs Dalgety and Co., Ltd., have received advice from the company’s head office in London, that at the annual meeting to be held on November 17, the directors recommend declaring a final dividend of 3/- per share, making, with the interim dividend already declared, 6 per cent, for the year ended June 30 last. The dividend will be payable on November 25. The directors propose transferring £25,000 to the staff provident fund, and carrying forward the sum of £117,500.