papers says:—The representatives of the Japan Petroleum Company of Tokio, who arrived here half a year ago. to make inquiries about the eventual possibility of buying oilfields for their company in the Dutch East Indies, have concluded a contract with the Colonial Petroleum Conipany, a Dutch company of the Standard Oil Trust, From reliable sources it is learned that this contract includes the purchase by the latter of its rather rich oilfields in the district Samarinda of the Eastern province of Dutch-Borneo, including on those grounds the establishments already existing, The oilfields are situated in the neighbourhood of the Kutei River, which is navigable for small seagoing ships.
Furthermore it is learned that for the exploitation of these oilfields financial assistance has been asked from the Japanese government.
Text read from the printed page and cleaned; old type leaves the occasional error.