1952-08-25 — Page 10

Lockwood & Carlisle & Co., Ltd. Piston Rings & Springs..

JOHN

CASEBOOK

CHINA MAIL

Senate Committee's Report On Oil

Behind The Companies' Monopoly

Counter

is a man of 63,

JAMS in the circle in

which he moves has long been pointed out as a model of respectability, a pillar of society. He is cast in the of small towns in whom, though they may never

same mould as those mayors

ETI

have crossed the borough boundaries, assumption of office discovers

un- suspected natural dignity and

little Those grace. mayors one marvels at, who

James

RELEASED AFTER BEING

SUPPRESSED A YEAR

Washington, Aug. 24.

The United States Senate Committee today published an official report which had been sup- pressed for a year alleging that seven international oil companies, two of them British, held a monopoly of the world's oil divided market between them and fixed their own prices.

The report had been kept secret because it was thought its contenta might harın international relations. Even now some of its findings-believed to deal with oil company relations with Persia and other Middle East Governments-have been omitted.

re-

-50

Russia and Mexico. They counted for 8 per cent of the world's production-excluding the United States and the Soviet bloc.

It disclosed that in 1840, the maintained "pervasive control will spend the morning seven integrated companies con- and influence from exploration to marketing serving at their own shop trolled about 92 per cent of the and developmont

and had fixed of oil products" counters and in the after-world's estimated crude oil

at about 70- noon take ten wih royalty serves outside the United States, production quotas

per cent of Venezuelan capacity. without turning a hair.

The monopoly's pricing system, particularly its method of esti mating costs based on freight irrespective of point of

under criticism. The report noted that cesalons had been made under Government pressure but found that the "existing price struc- ture is still highly profitable."

PRICING SYSTEM These profits, it said, realised under zeven

served at a counter though the shop where he did so was not his own. He was a

Two of the companies named- shipment, camo grocer's assistant. He had been

Anglo-Iranian and Royal Dutch one all his life and this year Shell-nie predominantly British celebrated a quarter of owned. The others. Standard century's service with one firm. Oil (New Jersey), Standard

of California, Gulf Oil, Texna

1:0

睹

IKE a batsman missed just Oll and Socopy-Vacuum, are

before as non mdsed jun, American.

James was given a "life" when

international

he was within two years of coins operate through pricing that;

reaching his 20 years' service.

The firm caught him steallag from them. They gave him a chance because he had worked for them so well for so long, and because he was such a model of rectitude that they could hardly believe the cast-iron evidence they had against the faithful, trusted, assistant.

James was shaken, but be continued to work aid to serve

faithfully. the shop

and the dreadful thing that had happen- that it ed was hushed up, so mever came to the ears of his family. or his friends.

•

•

THIS year, James began to

steal from the firm again.

layers of jointly-owned sub-

affiliated sidiaries and

system

con-

were

of

on re-

1. It based delivered prices

world the com- throughout

latively what the United States does, though the United States had become a net importer of petroleum,

the report said. panies,"

"Through this corporate com- piex of companies they control not only most of the oll but also most of the world's foreign pelrol refining, packing, trans- port and marketing activities.

"Thus control of oil from well to ultimate consumer is retained in one corporate or family or group of families."

uniform freight

by a

2. It used charges that may not have any rtal relationship to actual tran- sport costs Incurred, particularly by major companies that own

control

the bulk of the world's tanker facilities, PILS 3. It

supported and MANY AGREEMENTS

maintained

effort on the part by The companies had agreements of the companies to adjust pro- which contemplated price fixing, duction

world demand sharing of markets, restricting

The report compiled production to maintain prices, Federal Trade Commission, will filling the number

of distri- bo studied

a Federal Grand by a butive outlets and cutting out Jury due to mest next month competitive

for to consider expenditure

whether American market facilities,

have violated companies

the anti-monopoly laws.

The United States Govern iment on Friday brought suit against four of the companies Socony-Vacuum. Standard Out (New Jersey), Standard Oll of California and Texas Company

virtually

There were the same sicken- The British-controlled Anglo-

had ing symptoms as before figures Iranian

two for steek held and cash laken American Junior partners" that did not quite tally, "dwind-through interlocking interests in ling receipts from James's do the Middle East oil, the report partment. A watch WES kept, James was seen to lake 255. from a customer and ring up 69, on his till, pocketing the pound note, which he later changed for eight half-crowne.

on

American

The

companies→→ Standard Oil (New Jersey) and Socony-Vacuum-had long-term agreements for the buying of and Iranian oil from PerBİN Kuwait.

be-

accusing them of bilking the American taxpayers of $67,- 000,000 through over-charges on oil shipments.

ro-

Established 1845'

MONDAY, AUGUST 25, 1932.

SIDE GLANCES

gachmate

4-28

T. H. Mog. I. PIL, DE, Copr. 1953 by CA Berrien, Ink

The familys

favourite refresher

WATSONS

By Galbraith SON ALLEGED TO

BE BRAINS BEHIND ROBBERY Prosecution's Story At

"""Graduation should be the happiest day of our life, but think it over, chum-four years of college coming up after vacation!"

Murder Trial Opens

fa

Described by the Prosecution as a case of cold-blooded mur- der, the trial began at the Criminal Sessions this morning of Lam Yu, unemployed, ac- cused of the murder of a young salesman, Wong Kam-si, in the King's Park area

on the night last. The case of June 27 being heard before Mr. Justice Williams and an all-male

Jury Mr W. A. Blair-Kerr, Crown Counsel assisted by Det-Irsp. T. Kavanagh, is

prosecuting while the accused is defended by Mr Charles E. Loseby, QC, instructed by Mr Francis H. B. Wong, of Lau, Chan and Ko.

The

Accused

pleaded not guilty to the indictment.

In relating the case to the Jury, Mr Blair-Kerr sold that it having known was not the case of two men each other for som

then differences some time and arose and one killed the other. In this instance, acither men knew each other prior to the

Intefill Counsel said that Wong

THREE QUESTIONS The Senate Small Business Community, which today leased the report with President Truman's permission, said it was interested in:

1. Whether the five Ameri- can companies had joined two revolver. foreign pational panies in inter-struck accused

monopoly agreement.

This time the firm had little Unusual provisions regard option but to act. They went for ing price and marketing the police,

tween these companies indicate "James was brought to Great that these agreements were not Marlborough Street next day to in nature of ordinary busi-

in the be tried before Mr Frank Milton ness transactions but rather re-

charge of fraudulently presented a mutual

sharing of embezzling 1 from his emoll_production," the report sald. signed ployers. He pleaded guilty.

The three companies

which contracts under

tha Standard

Jersey) Oil (New E is a grey-haired, sparely-

would purchase Anglo-Iranian built man, with a pink-and- oil at the rate of 110,000 bar-Prices imposed white complexion that somehow rets a gave him a look of Innocence. period,

H

day

and

and

Decision to make the report public was announced by Senator John Sparkman of Alabama, Democratic nominee for Vice- President and Chairman of the Small Business Senate

2. Whether" international oil an excessive burden on the economies of over 20-year friendly relations, and

Socony-Vacuum He wore a neat blue suit and he agreed to buy at the rate of oil in the United States at a not 3. Whether dumping of foreign hung his head in shame.

70,000 barrels a day.

[così ifar below the price charged A policeman. went into the The purpose was to provide in Europe and the Middle East witness-box and epoke as police- the Anglo-Iranian wiih an caused hann to the independence men often do of their prisoners "Assured

continuing of American oil producer. with sympathy. He said to the market" and to meet require- The tragic part ments of the two American and magistrate: about this case, sir, is that this affiliated companies, the report

continued. man had been 25 years with the firm und would have qualised

AN OPTION slmost any day now for a pen- The Anglo-Iranian was given sion of £1 a week."

the option of delivering oil from mittee. He said he believed "ono "What's behind it all, do you either Iran or Kuwalt-indepen-important reason for issuing the know?" the magistrate asked. dent Shrikdom west of the repon is to subject the activities I believe he was 240 behind Persian Gulf-as the sources of of great concentrations of with his rent," the polleeman supply would be determined by aconomic power to the spotlight said.

"political considerations," of publicity.” turned The magistrate

to Kuwalt oli Is Jolatly owned by

He said the President had James: "What do you want to Anglo-Iranian and the American agreed to lift the security label say to me?" he asked,

Gult Company.

after the occurity aspect had been cleared with responsible government egeneles-Reuter.

10

•

ΟΙ

Com-

Texas Ravaged

Crown Kam-si was walking with his lady fiend on a pathway, next to the railway, leading down towards Waterloo Road, when they saw two men approaching. The couple were stopped and Lam called on his companion to take Wong's wrist watch, Wong resisted and the accused drew,

Undaunted, Wong a blow in the face and was about to deliver a second hit when accused fired the gun.

PIERCES LUNG The bullet chipped his left elbow and entered the body in the region of the eighth, rib, piercing the tang, stomach and Ever. Wong diig a few minutes after admission to the Kowloon Hospital

Two Chinese detectives on duty in the vicinity of the KCR workshops were wallding along

and sow the pathway

a mon They coming towards them. flashed their torches and it was the accused who had blood on his face. Accused was then arrested and on being searched was found to have a loaded re volver tucked in his back girdle and six rounds of ammunition in a jacket poc

ས་

At an eation parade, the woman identified "accused.

the When giving evidence,

Yuen-ping aged 19, woman, Ho was unable to raise her voice sufficiently for the Jury and act cused to hear clearly and she was requested to stand next to the Jury box for the remainder of her evidence.

The hearing is proceeding.........

Living Language

Why we say Sequin.

which The spangles decorate ladies' attire and which we know BB "sequins" were originally gold coins of Venice the average value of which was Bs. 4d. The Italian word is "zecchinco" which in turn

from "zecca", the Venetian mint.

Mail

comes

Notices

The latest times of posting -shawn - below are those for un

registered correspondents posted ai G.P,0., Blangkong. The latest „posting times elsewhere which, ingineral, azo earlier than the GP.0. timth, can be ascertained by enquiry at the local office.

The latest posting times for registered articles are generally one hour earlier than the times shown below. Particulars regard- ing parcel mails can be ancor tained by enquiry at any Dost office.

MONDAY, AUGUST 25 By Air Philippines, N. Borneo, 4.30 p.m. C.P.A

Malaya, Indonesia, Austrails, New Zealand, 400 più, C.RA,

Blam, Burma. 3. India, W. Pakis- tan, Middle East, Africa, Great Bel- tain, Europe, 4.30 p.m. D.AC

Japan, 490, p. Formosa, Seattle, Canada, 439 pm. B.K.A.IN.W.A.L

By Burface Macao, 1 p.m.; 8 p.m., 9/9 Lee Han Kwong Th

Indo-China, p.m. 8/8 Juliena. TUESDAY, AUGUST 19 By Air Indo-China, (Tonkin only), 8 a.m., via C.P.

Indo-China, Trance, French North & West Africe, 10 a.m, Air France.

Tormosa, 2 p.m. C.A., Japan. 4.30 p.tn., Thai Airways. Мамук

Ceylon, W. Pakistan, Bahrein, Great Britain, Europe, p.m. B.O.A.C.

Macao, pm; 6 p.m, 5/8 Le long/Kwong Tug

People fiepublic, 230 a.m.. to People

·By Burtaca

Philippines, 10 a.m., 5/3 Halland, Malaya, D .m. 9/9. Astyanax. Sam. 1 p.m., 8/9 Hat Meng Japan, 2,p.m., 8/8 Bocotra,

Radio Hongkong

plan

Bus And Police en Catley (Soprano): 2.45, Arist

Van Collide

Not more than five per cent of oil received from the Anglo- JAMES could hardly get words Iranian by American companies

distributed "cast out, but he fought his way could bo

saying: I'm thoroughly Suez". It was to go to Europe ashamed of myself. I've a wife and North and West Alco, but

(Continued from Page 1) and daughter who are models of Socony-Vaccuum could also im- perfection. And

ort oil into the United States. this bas port now shattered it all..

estimate docm't include such When the Persian Government The magistrate

oll crops as truck or citrus. nodded. "Yes," nationalised the country's

I didn't include livestock he said. I believe you have industry and the Anglo-Iranians already brought more punishment production there shrank, the either, Cattle lost weight in the on yourself than any Ian Kuwait output was boosted to sun-baked pastures and moved impese. I'm assuming that when meet the company's require-numbers An expert at the Say to market in unseasonally heavy you took this it was the only ments, the report said.

Antonio livestock market sald time you stole since you - were Kuwait's daily production, given a chance two years ago about .300,000 barrels dally in the Josecs which stockmen are you are the only person who the first quarter of 1051, was cattle and having to

sustaining in loss of weight of knows whether that is so. You

cut into increased sharply to a a reparted their breeding herds will rum must pay a fine of £5, and as reatise your dimculties now that middle of July, It added.

650,000 barrels a day by the into hundreds of thousands of

dollars. you've lost your job, I will

give

Most of the rattlemmeri are cut- Dealing with the Venezuelan you a month in which to pay."

With heavy steps James left all industryan important facting deeply into their heris to with passengers, the court The 25 he might pay for in world petroleum markets escape the high feed price they off in a month; the other, self- —the report said the Royal fear for the coming winter. inpored penalty, he would never Dutch Shell, Standard Oll (New They're buying feed now. The Jersey) and Gulf Oil had jointly cost to dairymen in Bexar County alone was estimated at $250,000 a moth by Joo W. Judgway, Printed and published by, STEWART ARTHUR GRAY for general manager for the Pro and on behalf of South China Morning Post Limited at 1-3 dubers Milk Amcelation of San Wyndham Street, City of Victoria, in the Colony of Hongkong. | Antonio-Associated Prem,

pay off.

Criminal Sessions

The son of a couple whose home at 76 Temple Street, third floor, was robbed, was declared to be the brains behind the plot by Crown Counsel, Mr Patrick Yu at the Criminal Sessions this morning, Mr Yu was prosecuting four men alleged to have robbed several tenants of the flat of clothing,

money and jewellery on the afternoon of June 17. He told the jury of three women and two men that parents of the third accused, Chu Fai, alias Chu Hak-ming, 21, lived in the front cubicle the flat. Chu's mother was said to have lost a gold ring and $250.

The other accused on triul before Mr Justice Wicks were Kam Man-chiu, 32 (Dirst accused), Li Hung-fel, 32 (second accused) and Shefe Ching-chuen, 30, (fourth accused).

Crown Counsel explained that apart from Mr and Mrs Chu,

RAF Plane

Crashes

there lived in the flat the prinNear Lantau

elpal termant, Wong Pul-king, her amah and other

Mr sub-tenants. and Mrs Lee and their daughter, Eleanor, who occupied the rear. cublele. However the Lee Escully were all out at the time of the robbery.

He said that the principal tenant answered a knock on the front door and as soon as she opened it she

Was

confronted by a stranger who pointed some- thing at her which looked like a by was followed pistol. Ho several other men.

into

the

A Royal Air Force plane, not as yet identi fied, crashed into the sen south of Lantau this morning.

The ss Heinrich Jessen, which was leaving Hong- kong at the time, reported by radio that she was standing by in ап endeavour to rescue The Intruders pushed Wong

¡ survivor. empty reer cubicle and covered her with

When a cloth so

news of the that she could not see. They did accident reached Kai Tak, likewise to her amah when she

rescue launches returned

were Lew

Inter minutes justurmod a

rushed to the area. from shopping. The Chu familly were also pushed on to their beds and covered with cloth.

The robbers were then heard Detained Sailors ransacking the premises. When the noise died down, Wong freed herself and helped the others. They found

the men

had gone, and discovered cloth- ing, money and jewellery to be missing. When the Lee family returned they also found pro- perty

missing from the cublele.

GIVES INFORMATION

rear

JAPANESE

GOVERNMENT

The third accused was arrest- UNDER FIRE

From The Filos

100 Years

Ago

We have to congratulate our Macão neighbours on tho BUCCOSS of their government in breaking up the headquarters of a for- midable band of pirates — d on to band, which there is reason bellove, has for considerable period, been a perfect scourge In adjacent waters. It appears that on Friday, 13th inst., sich information was laid before

Soldiers to proceed to a house malenes at once determined directing company 01

Guimaraens that His

at a short distance from the residences of some of the prin- cipal inhabitants In heart

the of the city; with orders to bring in inmates to him dead or

alive. On

arrival, the house was found to contain some four- teen peorde, who were summoned to surrender. But with this one of the band was not disposed to comply, and called on his com- rades

resist setting the example by making move toward the upper apartments. Before he had advanced many steps, however, a volley lold him dead the rest; some: also wounded, immediately yielding. On examination of the person of the deceased he was identified as Apor alias Toe-poe, a note: pirate; ured it is ascertained, with some certainty, that, besides the recent murder of Lieutenant Santes, the capture of the Singa- pore Junk which preceded that catastrophe, and other desperate deeds, he was also concerned in the cutting off of the Spanish Brig Brillante, more particulars of which we are promised soon. It is to be regretted that,

terms of treaty, His Excellency, the Governor of Macao is not em powered

inflict

condign punishment on the west of the miscreants, should they prove of equal complicity with their Chief.

VICE-CONSUL'S ACTION

At Whampoa Vice-Consul Bird has again been outraging propțiety, in having exhumed, after two or three days inter- ment, the body of a Scarry of the

British

Ship Harp

to

not because it

the man had died other than a natural death, but, for that a report was in circulation, that Captain Morrico

bad

to cell in any medical aid.

ing

amen-

& the sickness. Without valid affidavit to warrant the proceeding, Mr Bird is able to the law in this instance, wo think. Capt. Morrice, It may be told, has some know» Tokyo, Aug. 25.

ledge of medicino, and did not The governing Liberal deem it necessary to ask the Boundary Party today was reported advice of either of the Doctors Street Refugee Camp where planning counters to ex- at Whampoa

ed two days later. He led the Police to Li Uk village where they arrested the first accused. He

also led them to the enclosure

of

the

No

ac-

the second they arrested

ENVOY'S TRIBUTE cused. The fourth accused was pected fierce opposition at- arrested the next day on June tacks over the case of the

His Siamese Majesty's Ship 20.

two British sailors when Neptune, now at Whampon, was Mr Yu said that the second Parliamentary sessions re-visited, on Wednesday last, by a

The

fourth accused were

pawn-

high Mandarin and sulte from Canton, the object of the visit being complimentary

to the Siamese Ambassador, who after- wards left the ship with them for Canton, where he takes up his quarters in the Siameso Factory until arrangements are made for him to proceed over- land to Peking with preseniz, or,

from royal master. There

tively identified sin beim Po-sume tomorrow,

flat. bera by inmates of the

The Socialsts-both rightist first accused took

tood the and leftist parties were in ac- Police to a pawnshop to recover cord that the Government bad asult of clothing belonging to taken a "weak-kneta" attitude Mr Leo on June 19, and the to Britain's protests against following day the pawnticket gaoling of the two sailors from relating to this suit was found Her Majesty's cruiser Belfast. on the fourth accused when he was arrested. Another

The powerful new conserva- ticket found on this man related tive party, the Progressives, led as it will be called, Tribute,

Foreign Minister his to a a gold ring set with Jade by wartime which belonged to Wong, the Mamoru Shigemitsu, principal tenant. The first ac-pected to attack

ment on two points: cused also took the Police to laundry and recovered a shirt belonging to Wong's husband.

that the Police discovered toy pistol under pile taken by the third accused to handed the eallers back to their the post of envoy being

Mr Yu said

was ex-AIMS

curious and costly

are cald to consist,

the Govern-

of Siamese handicraft

ΟΙ

tree in gold and silver-and also some of the most valuable

the natural

produc in the country. It is only once in

years that an

Shigeru of

1. Under the terms of a note

Minister by Prime Yoshida to the American Ambassador, Mr Robert Murphy,

Ambassador

of stones when they were last May, Japan should have to to Peking with

to

a spot behind a house in Shaship's officers Instead of taking tary; but it does appear that, fu Tau Village. Ho added how-thom into custody and prosecut- ever, that the Prosecution coulding them.

not say whether it was used in the robbery.

were there.

their own country, the diploma

tic family are people of much standing Indeed this may be 2. It was common Inter-Inferred from the fact that the national custem for gallors guilty Ambassador,

ΦΩ

the present

WES

some

would

PLANNED ROBBERY Counsel's submission was that of mor branches of inded an occasion, His Excellency the third accused planned the foreign ports to be handed over

chout year the robbery.because he was the to their own authorities for dis-

and shoe-jess, cipline. only one who had visited the

supercargo of the Blamese Ship premises before and know who The Progressives were ex Victory, Bebig a man of sor

pected to express concern at the intelligence, a narrative of his The accused in the

lower possible damaging effect the case

if it could be ob- proceedings. Court admitted they were in could have on Japan's relations tained on his return, t

00 the Temple Street

daywith-Britain-Reuter.

doubtless prove of much interest. question although they

The Neptune, besides the Am- denied the robbery, sald Mr Yu.

bassador and suite, has a large the Canton market, and is com Cargo of Rice

and

Pepper for On the day of the robbery a

manded by a Portuguese, Сарь De Luz, who was woman, identified as either the

chief officer wife or mistress of the third

with Capt. C.-I. Davis when ho A. Chinese passenger boarding died so suddenly at Paknam accused, took to the pawnshop the CPA plane for Bangkok at after the voyage had commenced.

In

Three of them admitted sharing GOLD SMUGGLER

the proceeds.

for salo

ARRESTED

WOR

6.Programmb Summary: ・・ 0.02, Children's Half four prosented by Elizabeth Ann (Studio); 030, Portu- guero Half Tour (studio); 7. "Melody time" with Sidney Torcha and 'hia Orchestre. Guest Artist:

of the Wook-Alexander Kipnis (Ba); 7.59 Weather Report: Time Signal, World News and Now Talk (Londen Relay): 815, New Concert Orchestra; 630,, "I Uke wh

a gold bracelet and A China Motor Bus and a like" presented by John Maclean

Kai

Tak this morning. chain answering to the welcht Police van were involved in, a (Studio))) 2 Over to You-with

of those lost by the principal arrested by Revenue Omeers for. traffle accident at the function of chard Murdoch and·· Kenneth

attempting to export 80 tacts of Home (BUCTB): 9.30, Concerto. tenant, Wong, in, the robbery. Lower and Upper Albert Road Concerto for Violin in D Major The third accused raald he gold, worth about $24,000. / at 0.05 this morning.

(Tchaikovsky) mida visited the Op.

premises earlier to The bus, ·which was crowded Haendel (Violin) with the National

The gold, was found in two produced

cases during a routine was coming Symphony Orch, cond. by Ball seo his mother and

Cameron: 10, The Constren Cold evidence that at the time of the sult down Upper Albert Road, while A Burvey of its nature, cause and robbery he was playing cheesearch in the customs shed, the Police van was proceeding cure introduced by Wynford with a friend. Even if the jury from Lower Albert Road A Vaughan Thomas (BBC25) 10.30 accepted that, if they found he

"Chanson #ranceleste Edith Plat they passed on a sharp bend, and Charles Trenet (Vocal); 10.43, was there previously to inspect time of the robbery without the bus scrapped along the side "Dancing time" with "be", RAF. the fat for the purpose of rob actually being in the dat, then of the Polles van.

Danco OrchestrA. Vocal Jimmybory they could convict him of he was equally gulity with the Both

Radio 21,

Bes! being mudguarda.

care suffered dented MOT

an accessory. If they others of robbery, Mr Yu sub- London: Halay); (11.13, ; Goodnight Awaler 11.29. Weather Airport; God found he was constructively mitted, No people were injured. Save: The Queen: 11.30, (Clown bown, i presunt near the scize at the The trial is proceeding.

Now

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London Express Service.