PETROLEUM IN TARANAKI.

Gisborne Times, Volume XXIX, Issue 3127, 25 January 1911, Page 2

PETROLEUM IN TARANAKI.

MR. J. D. HENRY’S IMPRESSIONS.

LPER peess association. j NEAY PLYMOUTH, Jan. 24. Mr. Henry, oil expert, in an interview this morning with a Taranaki “Herald” representative, said: “It is the. good fortune of very, few oil-pro-ducing centres to possess such splendid geographical advantages. The shipment' of Taranaki oil will never cost the producers more than a fraction of the heavy expenses incurred by the movement of oil on many great foreign fields. In California, Trinidad, and Newfoundland numerous prosperous oil ports are bcaig brought into existence, but none possess greater advantages than the port of New Plymouth. He declares, there is reason for optimism as to- the development of the field and the influence on the trade of the town. The results that have accrued up to the present are far from unsatisfactory, and the companies have done better than concerns operating in such places as Nigeria and Trinidad at the start. He adds that Professor Boverton Redwood has a very keen appreciation of the possibilities of a large industry being established in this island. lOR FIELDS ATI GREYMOUTH. GREYMOUTH, Jan. 24.

Air. David .Ziman applied this morning for 12,990 acres at Kot-uku, on the recommendation of Dr. AYarner, oil engineer, who cabled favorably to a London syndicate. Dr. AVarner returns shortly to Borneo.