New-York tribune., 1919-04-03


FOB STOCK OF THE ISLAND OIL & TRANSPORT
AS set forth the Report under date Of
January 18th last increasing pipe
shipping facilities with handling Of upward of
100000 barrels of oil annually having careful
lnvetgahon directors convinced that addition
the very profitable business crude oil shipments
pany Should follow the example of the other large producers
operating in the territory and take advantage
additional profits be obtained through extraction of
gasoline fuel oil and byproducts Other
rsed that the refining profits greatly exceed the profits
IN the production and sale of crude oil In
your now has potential production
barrels of oil annually plans diversyng and increasing
the company products need in restrict the companys
For the purpose of accomplishing these objects the island
Refining Corporation has been organized under the
$4,000 900 Seven Per Cent and Participating
Bonds to be dated April 15 1sls and to April
Is,
sooooooo Capital (n shares of 500 par value eah>
In addition to interest the 7qo per annum
holders of the Seven Per Cent and Participating
Gold Bonds will be entitled pro share of
distribution Of 2o of the net after deductng sinking
fund requrements of the Corporation preceding
The Island Refining Corporation (itself or
three plants with combined capacity 54ooOOo
(about lightly Tampco Mcxico adjacent TO
the terminal and loading station of the Oil transport
Corporation another the Island of in
the United States to the Gulf Coast The
Cuban plants will produce gasoline and uel oil The plant
United States will be equipped to produce gasoline,
coke
The bonds will by mortgage on the
American plant to be constructed and owned by the Refining
Corporation and by the pledge of all the stock of the
owning the Mexican plant, and by less
stock Of the company owning the Cuban plant
All of the of the Island Refining Corporation Is to
be acquired and owned by the Island Oil Transport Corpora
ton and therefore all surplus sinking
fund and bondholdes participation therein will your
company.
the purpose of obtaining funds for the construction
equipment and operation of the plants and for working capt
tai the Island Refining (princi
pa 0dtl of its Seven Per Cent Participating
Year Gold Bonds
Application can r neu at this Off, tor further information
regarding the company and its bonds
Holders Voting Trust Certificates Stock Of the Island
OIL Transport Corporation, the close April
1919 will be entitled subscribe price
of 92o of the principal the proportion of 800 principal
Voting Trust Certificates
The bonds will be issued of $780, $500
and $1,000 Subscriptions for bonds be for
nultples Of 800.
which holders Of Voting Trust Certificates to
subscribe viii be mailed possible closing
of the books April T. 1919 Fractional will be
of of
thereof Holders Of Voting Trust Certificates desiring
quire additional fractional warrants to complete subscription
privileges for full bond desiring to dispose Of their fac
tonal warrants must do in the market
Payments bonds rate of se2 so per each 500
of bonds accompanied by uy endorsed subscription
rants, must be made before April s 1919. the
Office OF a g. Leach Co.. Inc 6Z Cedar Street New York
City
Pending the authorization preparation and Of
certificates will
for the bonds when ready for delivery.
4 Syndicate has which underwriten the
o~er of the bonds, taken BY the
will be sold said Syndicate
(signed) T. b. LAsHER, ce~Presdcnt.
New York City, March 2s 1918