OIL SUPPLIES
TASMANIAN FIELDS LARGE OUTPUT PLANNED [ Australian Press Assn. 1 LONDON, Oct. 4. The L. and N. Brown Coal Company announces that it is disposing of its distillation process to the Australian Shale Corporation on the following terms: —£100,000 in fully paid £1 ordinary shares and £50.000 in £1 convertible debentures stock, carrying 7% per cent interest. The L. and N. Company has purchased £7500 ordinary shares in order to have a controlling interest in the
Tasmanian concern. It has also undertaken to erect a Tasmanian field retort to deal with a hundred tons ol shale daily, from which it is estimated that fifty gallons of oil can be obtained
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Bibliographic details
Wanganui Chronicle, Volume 71, Issue 237, 6 October 1928, Page 9
Word Count
111OIL SUPPLIES Wanganui Chronicle, Volume 71, Issue 237, 6 October 1928, Page 9
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