IRON AND OIL.

Star (Christchurch), Issue 20042, 3 September 1920, Page 5

IRON AND OIL.

DEVELOPMENT WORK.. [From Oun Correspondent;]'' t WELLINGTON, September 2. According to the Mines report, Wi» Jntipn will bo introduced this session to revive tho bonus provision of the- Iron and Steel Industries Act 1014'. Quantities of Taranaki irousand and Farapara , mn . ore aro beinp sent to England for- a test £ bo made under the oversight of one or tho recognised iron and steel experts of Britain, who will report on the posmbilUyot producing iron on a commercial scale in New Zealand. Since. September, 1919, the Government hag been negotiating with the Admiralty for the purpose of entering: into an arrangement with the Eritish Government m connection with borinc for and development of mineral oil and other products in the Dominion, but up to the present time no agreement has been entered into. " Unfortunately," adds the report, "petroleum has}. n ot yet been found in payable quantity m New Zealand, though several companies have carried on taring during the year. They received £4450 .in subsidies. Tho •hOTCrnment has under consideration a proposal for tho development of our oi> resources, with the object of definitely provmg whether they are of commercial