SECOND EDITION. TRINIDAD OIL FIELDS.

Wanganui Herald, Volume XLVIII, Issue 14017, 25 June 1913, Page 7

SECOND EDITION. TRINIDAD OIL FIELDS.

AN AGREEMENT. Tmm 9 ameiatnm.—Telegraph.—Copyright Received Jot 2Mb. 11.50 a.m. LONDON. Jane 24. A White Paper ha* been issued giving ■M»ik of the agreement between the Grown agent* of Trinidad and tbe Shell Uml Batch indicate. Urganung we Mtpl of ten tfaooaand per year or a TldTjliltT .of 2• per ton on erode oil and A-p«nry per thousand feet of ga*. Tbe 0«|>I raaieat retaiaa right to take tea per «•#s. tf erode oil. conceding a proporllflpnali redaction of rent for the oil Daily Chronicle complains of a pcaetkal monopoly a* the syndicate is Ik# snaring right to prospect and select nan jfudred thousand acres of the best eilbrariag properties. Other producers wQ| jbe virtaally forced to~sell oil to the cyanic*te. The Chronicle proposes that UeTCtnment hay the Pipeline.