1918-10-10 — Page 2

Page

ALLISON

THE HONGKONG DAILY PRESS, THURSDAY, OCTOBER 101, 1918,

PIANOS

AN INSPIRATION TO THE ARTIST.

MUSICAL STUDENT AND AMATEUR.

SPECIALLY MANUFACTURED FOR THIS CLIMATE.

CASH OR EASY TERMS.

MOUTRIE'S

SOLE AGENTS.

HANAN

Boots

Shoes

Pumps

26-4

We are now showing the latest models for Autumn and Winter,

MACKINTOSH

A & CO. LTD.,

Men's Wear Specialists,

18, DES VEUX ROAD.

Telephone 28.

[1:09.

REMINGTON, MONARCH

AND SMITH

PREMIER

TYPEWRITERS

ENQUIRIES AND INSPECTION INVITED..

MUSTARD & CO.,

4, DES VEUX ROAD CENTRAL

TELEPHONE 1188.'

AGENTS in FOOCHOW, ANOY, SWATOW and. CANTON:

BRITISH-AMERICAN TOBACCO Co

FOOK LEE & Co.

Established 1871.

(9230

IRON & STEEL PRODUCTS, HOUSE & SHIPBUILDING & ENGINEERING MATERIALS. HEAD OFFICE Nos. 2a, 2 & 4, Hillier Street. Phone 1174.

BRANCH OFFICE:

· York Building, Chater Road. Phone 1950.

PRICE BENT ON APPLICATION.

[2435

DEATH-DODGING IN THE AIR. 'PILOT'S SEVEN MINUTE“ ADVENTURE.

[BY MILL KYBON.]

And for the third time my gun fired ance and stopped. So for the fourth time I reached down to clear the jam I was unsuccessful, and therefore help Jess. With an oath on my lips I slid nway back towards the lines and the two jackals saw 'me.'

I came out of a spin and went over on my back, turned and righted, spun again, and looped to the left. When I straightened out they were there, and my teeth remained clenched. I bouldn't have straightened out, but I was losing my bearings. I got five through my right hand bottom plane, and one eat, all sileron contral wire. A green Hun was responsible for this. Then blue-and strut to a splintered stick..

“SÄELL” TRANSPORT AND TRADING CO., LTD. WORLD WIDE BETROLEUM DEVELOPMENTS.

and your directors have shouldered the

to the Shell shareholders of 35 per cent free of income tax, for the year 1917,

AFTER-WAR PRIORITY

GOVERNMENT SCHEME.

white started and reduced, an inter-piano rather than delay the payment usorament of the United States, which attached primarily to industries connected

་་

business has been built up without pro- tection from any Government, either by: way of duties or by cash subsidies. The market value of the shares of the two "The Minister of Reconstruction `ap- companies, the Sheel and the Royal Dutch pointed last year a Committee of the For the third time I turned and madeWe are informed by the local office of together, now amounts to £100,000,000 Council of the Ministry, under the chair- at my adversary, a blue-and-white Has the Asiatic Petroleum Co. that at the sterling. We have not at the present time manship of Sir Henry Birchenough, to whom I had picked out from a pack of anual general meeting of the Shell any petroleum fields which give grounds consider the principles upon which, in seven. The rest of our formation had dons likewise, and the five of us were Transport and Trading Company, Ltd, for anxiety, and, in normal circum- the event of a shortage of the necessary scrapping at various altitudes, while the held at Winchester House, London, E.C..stances, all are capable of larger produs supplies fon industry after the war, such two surplus Hubs walked about waiting Sir Marcus Samuel, Bart. (the chairman); tion than at present attained. When we things should be rationed, and to report their opportunity to step in and lend a hand as soon as one of us should get the said: When I had the pleasure of present the balance-sheet we shall be able upon the machinery requisite for the pur better of our apponent.

addressing you at the last annual general to assure you that many of your ventures pose. The Committes have now presented meeting I indicated that this company which have attained prosperity have not their report, and, while advising that could only deal with the dividends de contributed to the past year's earnings, control should be discontinued at as early We had anticipated that the Shell" a date as possible, and that in the mean- shared by other companies from which, as Company, of California, might have done purely a bolding company, it derives its so, but, atercising the power and disore time there should be the least possible income. From circumstances which you tion which is undoubtedly vested in the interference with private enterprise, they local directors, it was decided by them can all readily understand, the majority to mate no distribution of profits to the have made recommendations as to the principles and machinery for allocation of the companies in which this company shareholders.

The Boxana Petroleum Company has and priority after the war in cases where has holdings have been unable officially completed the laying of

pipeline of the to declare, dividends for the past year, very greatest importance from Cushing it is found to be imperative...

The Committee recommend that special to St. Louis, and has also erected a re will ultimately have a espacity of 24,000 responsibility of making a distributions that city. The pipeline, which consideration should be given to industries barrels per day, has commenced working, which provide a large measure of eco- It has proved of great service to the Gor-ployment, and that importance should be slaimed that, sa this line can take the place of tank steamers now employed bewith:- An odd shot almost immediately after-sudited accounts could be submitted.

The production of food and raw wards shook the whole machine as it There are three events of the first magni-tween New Orleans and New York, it is

to the national advantage to employ materials; struck my engine. But abe carried on tude which have eventuated since I last and to this the company

The manufacture of machinery and I didn't dare thank my stars that it had not taken away something vital Now Taddressed you. The first is the bringing Pipelines have also been built between equipment which are immediately neces

Healdton and Cushing, and the wisdom think of it, perhaps I might have done into production of the oilfields in Egypt of these measures has been more than sary for the industrial and transport re so with advantage. For it was no longer span a commercial scale, fraught with justified in the results already obtained. quirements of the country;

witchback, let alone immense consequences, since previously from Mexico, where we have large in- The manufacture of finished goods for try any of the other aim-apoiling gypt had depended entirely upon terests, with about 2,000,000 barrels of export;

The

The production of goods for home re- imported fuel for her industries. dnancial adviser to the Government out already in store pad enormous poten

Lial supplies, no income has been derived quirements of a pressing natured I flew straight on.waiting for the indicated that the imports of coal into during the war from these great proper

ties. While many shipowners have built Detailed recommendations are also made coup de grace. It came two seconds Sypt had beer, at the rate of 1,500,000 tons a year. This, I sume, was for later. All three guns at once. The noise uiternal consumption on; and did not steamers for inducriminate trades this by the Committee as to the machinery to The proposals of the Committee have was Eendish. I huddled down in my seat melade the enormous imports at Port company has never been a speculator m direct allocation and relative priority

tonnage, but has built vessels entirely for and shut my eyes as the hail of lead said and Alexandria for bankers for its own requirements to convey its own been carefully considered by the Govern poured whipping past. The poor old steamers The bulk of the oil supplied to production and to supply its ownment, which, after consultation with the machine shock and quivered under the consumers in Egypt is sold to them at a markets. The requisitioning of our entire departments principally concerned, has sledge hammer blows, as engine, strut. price less than half the price of coal. A feet has been a practical commandoering decided to take immediate action on the and stanchions took the bullets full on. son of oil is equal to more than 15 tons of our oil production and trade, since lines of the Committee's report, and the A severed wire lashed back above my head of coal. While it is clear that the use of

It is the intention of the and others "pinged" and tore through coal will not be entirely superseded by we are absolutely dependent upon ton recommendations of the Minister of Re

nage for the movement of our supplies. construction. oil, it is also equally plain that if half The Enancial results are also serious, since Government that post-war control and the fabric on either side.

Was I. to be spared?, 1 roused myself of the consumption is supplied by the the Blue Book ratas fixed by the Govern- allocation of materials shall be applied and looked back. I was just in time to home produced articles, based upon the ment, on a pre-war basis do not cover only in cases where it is absolutely neces see my three tormentors diving past igures I have given you, the fuel expenses costs Our dificulties have been greatly sary. On the Assumption, however, that under my tail. Behind them a streak of of Egypt are bettered to the extent of no aggravated by the seizure, by the Govern of certain commodities there will be a ments of the Allies, of tonnage under the shortage which will render some form of yellow, with red, white, and blue circles: less than £3,000,000 sterling per annum.

The gain to the Empirs is in other direc Dutch Lag, against which our Dutch control imperative, arrangements require was fashing earthwards, while the

to be made for dealing with the matter. joyous note of a Lewis gun rose above tione. It obviates the necessity of export friends have so far protested in vain.

in general it is impossible that a great

It is proposed that a small Cabinet Conf the roar of my engine. The smell was ing, con so urgently required for British strong and I shuddered. Of the rest of hole consumption, and it is as immense world-wide business like ours should not

I set up, consisting of the President of the proceedings. I remember little. I re-saving of tonnage at a time when it is so suffer in a thousand ways from a universal mittee on Post-War Priority shall be the Board of Trade, the Minister of collect bearing a crasheas of breaking needed elsewhere.

Admittedly it is to the courage, the catastrophe such as the present, war.

might also mention that our trade in Minister of Munitions, and the Minister frewood, and my belt tightened round experience and the financial strength of have enumerated some of our difficulties Labour, the Minister of Shipping, the the "Shell" group that this development the East-which is still our principal mar- of Reconstruction, with the same chair- is due. The matter has caused us suxiy xot--has suffered under war conditions man as the War Priorities Committee. tor many years. Our group holds in this and instead of doing, as we used in pre- company the Anglo-Egyptian Oilfields, war days, a steadily increasing trade wetions of policy, and will lay down the This Committee will determine large ques ceat. income have sustained a steady decrease in our Ltd.-2005,000 of 8 ponds, £250,000 of

safe to swerve or

turne."

ĐẠ WAITING YOK THE END.

ཁྐྲ་ ༔

has agreed.

fashion and found myself standing surt proference shares entlative & per cent. Wantern kerosene itade during the war general principles upon which any alloca

my chest. Instinctly I snatched at the pin. I felt something rub my knees and eyes to and my face pressed opened my er moist earth. Then I sup pose I started crawling, as when I ros to my feet I turned round in a dazed

the holders to this decrease must, 1 feur, continue as tion and priority should proceed where veying from a distance of twenty yards per cent of the net divisible profits, long as the war lasts, but when, happily, Decessery.

Secondly, this Cabinet Committee will or 30 a capsized machine riddled through and £138,000 of "A" shares entitling them it is brought to a successful conclusion

to a further 25 per cent. of the profits. we have not the slightest misgivings that be asisted by a Standing Council com

the departments and through like a huge sieve.

group of Tommies come doubling No income has been derived from the we shall resuing that progressive develop- posed of members of across the field as I sat down and started. investment, and up til now no se estment of our Eastern trade which has been chiefly concerned, together with persons pulling off my flying cap. And I saw has been paid on the income bonds or the the marked characteristic of its history representative of commerce, industry, and fabour. These two bodies will form the in pre-war days. by my watch that seven minutes pre-preference shares, but these are coming to fruition. This is an example of the

The careful, management of your funds central machinery, and will, of course, be viously I had been flying in formation. Things happen rather quickly above the evitable risks run in developing oil pro- has resulted in our being able to render in close touch with the existing War

perties.

Is there any fair-minded man the utmost assistance to the Government Prioritics Committee.

an financing the war. It is with pride who would dispute or deny that those who ground,

have taken their chances in suchá ven; and pleasure that I can inform you that, the profits when they accrue!

HOW THE ENEMY CRAFT ARE BEING WATCHED.

mpany,

The immediate duty of the Standing Council will be to consider and draw op a scheme of post-war priority, following THE SUBMARINE CAMPAIGN. ture should be entitled to their share of through the various companies, we hold

The Best subject with which I have in Government War Loans and in frea- the general policy which may be laid to deal is the bringing into bearing of suzy balls a sum of about 220,00 down by the Cabinet Committee, and to sterling, which enables us to deal con- consider what detailed machinery should. the properties in Venezuela, in which weddently in the provision of those facili-be used for allocation, where necessary,

in the transition period... A London message of August 25th says are interested with the General Asphalt sies which are absolutely. Fecessary for the

of Philadelphia, a company of

The arst of

The Minister of Reconstruction zet re -Ensign T. H. Murphy, of the United Comp

these is the establishment of oiling stations

presentatives of the principal industrial States Navy, has the responsible position the very highest standing in the United pansion of the business.

on the movements of wates, with whom it is a pleasure to throughout the entire world. of "keeping tab

be associated. A cargo of 8,000 tons of I do not know how many of our share and commercial organisations at the Cen-

Westininster, recently, every German submarine when it 18 out from its base Day and night he sits in grade has been shipped to London and holders may have seen, under date of tral Hall, his offre situated in a small building at rented here, and the oil is proving un July 5th, an article in the Times refer order to explain the proposals in greater these states naval air-station, rellent liquid fuel. A refinery has been ring to the establishment of a sex Ger- detail, and to ascertain their views as shape showing the bed of the ocean and erected in Venezuela, at San Lorenzo, man shipbuilding company, of which Herr to the most acceptable means of carrying covered with little red-headed pins con- which should soon render Venezuela prac Ballin is president and which has great them out

The meeting was attended by repre- netted by coloured strings are his sale tically independent of imported petro financial backing. It is to specialise in

the construction of ships run by oil-sentatives of interim reconstruction cam shubmarines, stu, but he must know sumption in Venezuela is not nearly suff motors: Believe me, it is impossible, to mittees of sixteen trades, joint industrial study, for he must know not only where eum. As the of take for internal when the should come to the surface for cient to absorb the very large production overrate the significance of this announce councils of three trades, provisional joint of which the fields are capable, we have ment. Your company has endeavoured by committees of eighteen trades, repre air, and he must know how much due erented and completed another refinery at pioneering to bring home to British build. sentatives of fourteen branches of the a depth charge does. An instance of the Curneno sufficient to trent 1,000 tons ers the importance of the internal-com- engineering industry, together with re way the scheme works is as follows:-

member of the Re-day. We have every confidence that this bastion engine ship. Remember that all presentatives of the Federation of British Ensign Schieffelin erve Naval Flying Force was in Murphy's venture in which we have risked many the submarines proved capable of such Industries, the Association of Chambers has sinister activity are run by internal com- of Commerce, the Engineering Employers apin at a given spot in the North Sea Teached a commercial stage of develop bustion engines, and the Germans, already Federation, the National Employers office one morning, when the expert placed hundreds of thousands of pounds, and told the Ensign, that within a given ment. We believe that a great feld has wide awake to the importance of this Federation, the Federation of Engineer adine a submaring, must rise to the sur been proved in Venezueln. Our interest motor, have learned a great deal mors ing and Shipbuilding trades, the Iron face for air, and that if bis plane, would in Veneruela, to which I have referred. about it during the war. I confess that 1 founders' Society, the General Federation Amalgamated must not be confounded with that of the sea with misgiving the creation of a large of Trade Unions, the Venezuelan Oil Concessions, since that fleet of standard ships constructed to run Society of Engineers, and other repre- Scheffalin, who is himself a descendant venture has not yet reached the corner on steam engines because I feel sure that sentative bodies. of an old New York family, had a cial stage, although we have a very good they cannot compete with ships on in- opinion of the eventual prospects before it.ternal combustion engines, which are being first pilot Lieutenant Roger W. Cutler; The next development to which I would manufactured on a gigantic scale by the who had beer stroke and captain, of the direct your attention is one of the greatest Germans, the United States, the Dance, There is one other development in which your interests are also concerned, and Harvard University trew of 1017, while Taggart, the champion 100-yard sprinter moment Since I addressed you last the Dutch, and the swedes. I hope that is the expansion of aviation. Great year the British Government has sequired friend Lord Pirrie, who has successfully electrician Three hours after very large interest in this group by built internal-combustion engines himself progress has been made in aviation. The the big seaplane left the station the big its purchase of all the Royal Dutch shares will give the greatest heed to this impor-employment of twin or sometimes triple, submarine was lighted, and three minutes held by the British public. It bought

probably none faresuw. There ap pany is determined to provide oil stations while the plane hovered over the enemy Company were paying 35 per cent. It is wherever they are required, feeling quite pears no limitation to the practical uses to which aviation may be put after the conning-tower. The submarine was sink notorious that for the year 1917 the Royal confident that the future will develop more

war. Experience has proved beyond paid 18 per cent, and more the need for oil. Placed as our cavil that Shell spirit derived from our

serve

search that section of Hind the submarine.

WA

the po

he would

D

gi

FOURTH LIBERTY LOAN late Cutler tripped his bomb relay, then as a time when the Royal Dutch sant, question. At all events, this com- engines has attained a measure of safety

4 1/4%-U.S. $6.000.000.000 CLOSES IN AMERICA 19TH OCT. Appl cations, will be received by THE INTERNATIONAL BANKING CORPORATION up to 16th October on the following terms

application

2nd November.

19th December.

16th January.

30th January,

loans will be purchasers to Particulars and

granted against this security to enable in instalmen's covering longer periods.

ms on application.

12485

sible for

the

ing and the tower was exactly awash. tit. Complight of those respon folds are throughout the world, we are in helds in Sumatra has noʻrival'in "quality": Culter scored a hit, the boat tipped up the advising the Government to the position to furnish these requirements This company possesses an invaluable asset · she was unable to submerge, on being make this purchase has been amply justi better, I thin nd it is with particular in owning supplies of the finest motor

HONGKONG AND CHINA DISTRICT.

than any other company or

her propellers, and, as it was evident that signalled some destroyers did the nest. Eed.If it had been merely a market any combination, was Cutler's first flight and the first bomb operation it would not have been necessatisfaction that am able to tell you spirit yet discovered. In this, an in other directions, we are keeping well abreast he had ever dropped. The submarine waenry to call your attention to it except that only yesterday we received informa of the times in providing world-wide Scheffelin's priza, did no

as showing the confidenes of the financial tion of the striking of oil in a deep layer facilities for its supply. I now move that world in the stability of this group, inda much as contrary to its sction in other Tarakan,” which we knew existed but the consideration of the balance-sheet and- which had not been struch before, which

profit-and-foes account be adjourned to a ST. JOHN AMBULANCE BRIGADE stocks which it has commandeered, tho will very materially add to our supplies meeting to be samuel seconded"

convened. overnment bought the Royal Dutch of liquid fuel at a spot where they

the shares outright. Whatever its intention most vital to the well-being of the world. Captain W

which was unanimously agreed to Dae, I sincerely hope the Government will The well gave an initial production of the retiring directors (Mr. H. N. Ben- NO. 1 HONGKONG V.an keep the shares, since by their acquisition 1,200 tons a day Lest it should be min, Dr. J. C. Stuart and Mr. H. it has become a partner in this group thought that in calling attention to the WA Deterding) were unanimously re- Commandant Lady May, Lady of Grace and has a larger financial stake in the internal combustion engine we are urging elected, and the auditors (Messrs. Tur

company than in the Angle Persian Oil our own selfish interests I must tell you quand, Young & Co.) were reappointed Company. I do not disguise from you, from our commercial point of the hope that by realising, as it must, the it te infinitely better that vessels should An extraordinary general meeting was then held, when resolutions were approved assistance that has been given to it by burn oil rather than use it in internal for the capitalisation of 23,041,17% of the this group in every direction-frankly, combustion engines, since the offtaks by serve fund of the Company and its dis freely, and generously acknowledged by that means would be as 4 to 1 But retribution among the holders of the immed it through various departments we shall take broader and wider view and in enjoy fair play on equal terms with Bayarging British shipbuilders to march with ordinary shares in the proportion of three new shares for every five ordinary shares group: This is all we have ever the times we are performing what we now held the latest other, oil asked or required from our Government, think is a duty. A hearty vote of thanks to the chairman. The position of the group is probably.

concluded the proceedingre unique in industrial undertakings. Your (Continued at foot of neet, Column.)

of the Order of St. John.

BLR.C.P.48. Ver

Acting Commandant Mrs. Ricking Mrs. Bullock will lecture at the Govern ment Civil Hospital on Wednesday, the 18th inat The monthly competitions are suspended

until further notice

454) M. Purna Adjutant and Hon. Secretary, Hongkong, 9th October, 1918

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