Page 2 Advertisements Column 4

Wairarapa Age, Volume XXIX, Issue 8160, 18 June 1906, Page 2

for the 10 sores of land before mentioned. CONTRACTS, Etc. A contract for the sale to the Company of tha said lOaorea of land is made between the said G. W. Henderson aud T. A. Low of the one part, and Richard Uock, of New Plymouth, aforesaid, Esquire, as Trustao for the Company of the other pnrt, and ia dated the seoond day of June, 1906. This contract may be inspected at the offices of the Company's Solicitors at any time during offioe hoars. Mr P. P. Corkill, one of the Pro- J visional Directors, filled the position ,": of Attorney and General Manager in ' New Zealand for the New Zealand Petroleum and Iron Syndicate Limited during the whole period of its existence. The minimum subscription on which the Directors may proceed to allotment jb 5,000 shares exclusive of the paid up shares, and the business of the Company shall not be commenced until the 5,000 shares have been subscribed for. The amount of commission to he paid by the Company to its sharebrokers is not to exceed 5 per cent, on all shares sold by them and then allotted by the Company. - The only shares to be issued as fully paid up are tnose to the Provisional Directors, the Trustee, and Seroretary as before stated and except as to such shares the Directors have no interest in the promotion of the Company nor any property proposed to be acq aired by the Company, save as intending purchasers of contributing shares at par. The preliminary expenses of and incidental to the formation and establishment of the company, and un- , til the Company shall be entitled to commence business are including advertising estimated to amount to £2OO, and will be borne by the Company. The number of ordinary shares intended to be fixed by the Artioles of Association as the qualification of a Director is five. The Articles of Association of the Company will provide that the remuneration of the permanent Directors as distinguished from the Provisional Directors for their services shall be such sum as the Shareholders of the Company shall from time to time at the Annual GeheraljMeeting determine. Application for shares shall be made, on the form accompanying the Prospectus, and sent to the Company's Brokers together with a remittance for the amount payable on application. If the number of shares allotted be less than the number applied for, the surplus amount paid on application will be credited in reduction of the sum due on allotment, and if there should then be a balance it will be returned in full. Where no allotmedt is made the application money will be returned in fqll. Shares will be alloted in such order and manner and in such numbers as the Directors may think fit. Prospectus and forms of application can bo obtained from the Com* pany's Brokers. It is considered that a small prosDecting company, such as the "TARANAKI OIL AND FREEHOLD COMPANY, LTD." Offers a better prospect of an early return to investors than a company formed to deal only in the oil, This opinion is based upon the fact that £5 shares in the Motnroa Petroleum Company, within [a short time of oil being struck, rose from £7 to £65, and each original share now receives 100 shares paid up to £1 in the new oorhpany, viz., the "Taranaki" Petroleum Company, Limited.' With the expenenoe gained it is thought that a bore can be pat down in from four to six months, and should oil be struck, as there is every reason to believo it will be from the looality of the ground and from other indications, there is therefore every probability ■ that similar-prices will be obtained by the holders of original shares in this company. It must not be overlooked that the proposed company has not secured boring rights only, but has secured the freehold of Ten Acres of land about I}£ miles from New Plymouth, and in close' proximity to the Moturoa Petroleum Company's ground This land is a very valuable asset, as within a distance of half a mile similar land was sold about nine months ago at £375 per acre; ana this before oil was struck; since then the prioe'of land has very much advanced, and must continue to advance as the oil industry is 1 |eloped. rtMfs considered that it will not be [el&ssary to call up more than 10s per share of the proposed capital. In anticipation of this Company's being placed upon the market, a large number of shares have been already applied for, especially from Taranaki, where the property and its prospects are Known.