1920-08-11 — Page 2

THE HONGKUNG DAILY PRESS, WEDNESDAY,

THORNYCROFT

JOHN I THORNTORONT & CO., LIMITKO,

SHIPBUILDERS AND ENGINEERS,

LONDON, SOUTHAMPTON and BasineGSTORE

Shanghai Officë: 65, Szochuen“ Road.

119.

Marine Motors and Motor Boats,

Motor Lighting and Pumping Setx. Shallow Draft Steamers.

"Thornycroft Water-Tube Boilers. Thornycroft Oil Fuel System.

Commercial, High-speed and Pleasure Craft.

New Shirts-

English made of a fine French Print,' with Collar to match each shirt.

A nice variety of Stripes In various fast colours.

one

Barathea or Silk Crepe-de-

Chine Ties for bows or. knots to match,

See Window display at

B. R. ROXBURGH, · Manager for China.

MACKINTOSH

"& CO., LTD.

MEN'S WEAR SPECIALISTS.

16, DES VŒUX ROAD,

SOLE AGENTS

TELEPHONE 29.

THE FUJI TRADING CO., LTD.,

(Ine, in Japan). v

New Patented Invention:

Flexible, Unbreakable and Beautiful

SILK GLASS

Replaces Ordinary Glass in all purposes.

Sample on application to

THE FUJI TRADING

CO., LTD.

IA, CHATER ROAD, HONGKONG.

[935

THE LEADING.. BRANDS

of

MANILA CIGARS

EL PALACIO

&

IMPERIO DEL MUNDO.

SOLE AGENTS:

THE HONGKONG CIGAR STORE CO., LTD

Telephone No. 15L

HOTEL MANSIONS,

HEALTH V. SICKNESS.

By taking our "BOOSTER BRAND" KACARONI, PASTE STARS, EGG NOODLES, VERMICELLI, or other kinds of Boup-stas REGULARD-you escape HICKNESS, all our Products, being manufactured from Floor of the Best Quality and under the most Sanitary Method, can be EASILY DIGESTED sad give you GOOD HEALTH and STRENGTHING

Large quantities have been exported to various parts in the Worki Tour esinemed Ordens will receive our prompt and careful attention. Terms moderate, supecially for Agencies.

THE HING WAH PASTE MFG. CO., LTD. HEAD OFFICE-Hongkong, Nos. 47 & 48, Connaught Road Central, Tel. No. 223). BRANCH OFFICE --Blangai, Nam. 410 and 431, Nanking Road. FACTORIES Hongkong. Wing Bing Street. Causeway Bay; and Shanghai Na

Worth Soochow Be od

FUTURE OF OIL BRITAIN'S GRIP ON RESERVE SUPPLIES.

AUGUST 11TH, 1970.

What controls the oil position inside of THE GROWTH OF JAPANESE MILITARY SERVICE IN

SHIPPING.

INSTRUCTIVE FIGURES FOR THE

--WAR PERIOD.

FEDERATED MALAY STATES

America is transport and Anance. The exhaustion of the old fields means scrap- ping' the 'plant laid down to connect with AMERICA FORESTALLED.' them; and transport charges are so heavy SHELL GROUP'S' VAST" "ENTERENTS.

that it is cheaper to put down new plant, even at the sky-high prices of today, than LBY AIR . MACKAY RDGARİ

to move the old pipelines and refaeries In the following article. Sie to freshly opened fields. The great Ane

parition obtained by British intressta in west, but the consuming centres are sti: part of the total figures which include appears to be generally acknowledged that Markny Egor there the dominating erican oilfelds of the present lis in the registered during last year. The greatest discussed by Council at this meeting. It

receipts of freight, passenger and

THE VOLUNTEER SYSTEM. At a recent meeting of the Federal Figures recently compiled be the Nippon Council of the Malay States the Han. "Mr. the Japan Advertiser, show the growth of Kindersley said:-I wish to bring forward Yusen Kaisha Steamship Company, says Japanese shipping from the beginning of the question of Military service which I the war, until its first big drop was

high figure, to Y.040,000,000. Just what!

the F.M.S. should have an efficient Euro-

the world's wil supplies, and predicts that in a few years time Amerien will be mainly in the east. Transport, therefore, charter business, enme from foreign coun compelled in impart into supplies in a problem that every year becomes more liries, much of it as the direct result of the pan force.to deal with any internal situa the payment for which will find it song and more crucial.

war. The figures 'show material merense But American condi. through each year of the war, and last tion that may arite, but the method of largely into British pockets. If I were asked to name the most in clans in this respect merely reproduce the year, a drop from Y.900,000,000, the 1918 carrying it into effect is causing consider. teresting event of the week I should pick conditions that obtain throughout the oil will be the figures at the end of the current.

able controversy. ons the telegram from New York which industry of the entire world.

to say that for the next few years the tive that the drop will be astonishing..should be purely a volunteer force appeared in last Monday's papers. D was a telegram of awakening and alarm

quoted at Y.30 or Y.00 per ton, but day whether it should be a kind of millitis will It showed that America is beginning to

and even Y.300. Since the end of 500 compulsory service. Since the declation realise that her supremacy in oilsis pass-

war the price has steadily declined, but of pear the M.S.V.R. has practically füg away, and that the future of this mont

it is still considerably higher than the ceased to exist and it is. therefore, highly

I venture year no dealer will predict, but it in posit

Before the way the price af ships was"

governing factor in the oil position will be, not the amount produced, but the name ber of tankets available for moving it,

FORESTALLED BY GREAT BRITAIN.

the

The point at me is whether the force

vital of industries, with Britain, Men like Mr. Doherty and Mr. Bedford, prewar Egure, the present quotation desirable that a move should be made..in

I have said, understand the situation rates ware quoted at T.40 or Y.45 per to this matter at the earliest possible data. I

tanding at about 1.250 per ton. Charter While Amerien has been exhausting her perfectly. During the past few years they per month for the European service, rail now wish to urge that the demand for a supplies at prodigal speed, we have been getting a firmer and ever firmer grip on have been diligently scouring the world About Y.30 was quoted for the near-sea

service At present the ocean rate is only purely volunteers force should be granted But what have theyY.8 or Y.7 while in the counting trade but I would inchide in the same measure the world's riserves of oil. In a very little for new oilfields.

found 1 They have found, wherever, or business has been stood on a basin of only almost wherever, they have turned, that-market price of ships is now about 1.250 siasm wavers, and the fores becomes a about 1.3 in some cases, Although the the proviso that if, at any time, the enthu per too, the ships of some companies are

while Americn will have to come to us for, the petroleum 'she, needs,,

That is the discovery which is agitating British enterprise has been before them. Washington. It is not a new discovers, and that the control of all the most pro The oil men of the United States have mising properties is in British hands. In been aware of the situation for a good Mexico alone they have acquired a strong deals more than a year. But Congress and pastion, but' even there we hold the win the country have, slumbered. The average ning cards: mane vagnely aware that America was a huge oil tank, and never being troubled with any senreity of matar spirit, has

bave never worried him. forced

از چه رشد

rated at Y.330 or over in their books, and failure, compulsion could be brought it in the case of such shipowners, they can without further legislation. not charter their ships to others without

I have had. incurring losges unless the charter rate experience of this country and of the ik pot less than Y.7.

M.S.V.R. and my opinion is that a volun- The depression of the whinning market will naturally make the fall in charter fer watem would eventually fail. Then Apart from Mexico it is almost` a case

and freight receipts continue."

would probably be an enthusiastic enn, Immerment, but I doubt if it would laut, of Britain first and the rest of the world nowhers." I should say that two-thirds of THE JAPANESE EMPEROR'S Impe I am wrong. Anyhow. I am in taken it for granted that oil was as jo- the improved fields of Central and South

SENIOUS ILLNESS

•forour of giving the volumter system & exhaustible a product as apples. The America are in British

trial, With regard to the form a cut- hands. In!! An important statement was issued on figures of consumption and production, the Guatemala, Honduras Nicaragua. Costa July 24th hy the Imperial Husehold Description, in the event of faithre, I would tekens of a diminishing domestic supply, Rica. Panama, Colombin, Venezueln, and art garding the illness of the Em, suggest that all young men arriving in the

peror. The statement confirms the general But now he is, Ecuador a decisive, a really overwhelming unpression that His Majesty has been country who have not already been trained “ sit ap had take notice. Tahap majority of the petroleum concessions april 1, and although the bulletin should go through a prescribed form of pily for him, happily for us, his eyes have held by British subjects, and will be admits the existence of grave symptomy in the war, or had previous training, could speaks hopefuls of recent improvement, it ruining in camp. Men who have served been opened too late. The mischief has developed by British capital. The. Alves indicating the existence of diabetes, and form an armed reserve and he called up Tbeen done.

Igroup, whose holdings encircle practically The Jupin detar says deep sympathe with regard to office, I would be against any partial paralysis of the muscles of speech. Once a quarter for inspection of arms, etc.. two-thirds of the Caribbean Sea, is a with His Majesty in his painful illness will system of election. There are a very large In sixty years America has ran through, wholly British group, working under be felt by the whole foreign community, and number of officers with service to select from, a legacy of petroleum that, properly con- served, should have lasted her for at least #rangemen which ensure that the pether will join with his subjects in hoping and I believe the right fitisfactory, conse would be nomination by the Government __a_century and" asbait. The Americans. have misused their oil just as they have misseri very other form of natural wealth. Improvidence, carelessness, blind gambling spirit, have marked all except the most recent phases of the Ame riens" oil industry, and have wrought in- caleniable and invetrievable Juses. More United States than has ever reached the

AMISSPENT LEGACY.

oil has probably run

refineries.

A

for, speedy amelioration. 'petual control of its undertakings" shall The official communiqué states that The whole subject is a very large one and. remain in British Gandur No American owing to pressure of official business in I have brought it forward as I camides has citizen and no American group has nequir recent years is Majesty has suffered it is utgent for public safety in the present from fatigue. Glucosurin (sugar in the state of the world that the protection of ed, or ever could acquire, any such post urine) has been observed, and he has heen life and property in dins country should tion in Central Americans that which his subject to attacks of "hip gout" and not be left to change. The matter should enterprise and personality have secured nervous trouble, together with difficulty of not be left in abeyance any longer. for Mr. Alves,

utterance. Lately the condition of His

The Hon. the Acting Chief Secretary, ia

has contributed his unique genius. Ably afairs

104

fence For Bill. Views differed consider-

Or take again that greatest of oil organ: Majesty has somewhat improved hut his reply, said he welcomed the remarks ande intions, the Shell group, to the formation utterances occasionally lack clearness and direction of which Sir Marcus Samuel, he je snaily fatigued. Except for urgent by the Hon. Mr. B. C. M. Kindersly. The to waste in the franced and superbly managed, the Sheltairs of state His Majesty will continue unter had been thought out froin eve

group owns exclusive or controlling in from discharging of formal dutinably but he thought that people who to rest and will refrain for the present i of view and the result was the Dis terests in every important, oilfield in the neriemore, wit the Palmas and other knew, thought that it would not he worth It has been very carefully

Rumania,

while trying. to there is only enough awal batiated that Mexico, the Dutch led States, Rusia, ceremonics at the Palma

repeat the volun Egypt, Venezuela, Trinidad, India (where,

tary, system." A certain form of Co:11- American ci to last her people for are in conjunction with the Barish Oil Com TREND OF AUSTRIAN POLICY. pulsion? W other twenty-two years, The effects of

necessary. "Anybody who chose to read the Colonial Bill would are hinw half a centur, of reckless nishandling at pay, it dominates the local position),

Ceylon, the Malay States, North and UNION WITH GERMANY. now becoming undisguisedly visible.

easy it had been made for young men Just when Americans have come accustomed South China, Binm, the Straits Settle

receive a good training. The conditions in The Times ments, and the Philippines: Sir Marcus

Vienna to using twenty times as much oil per head Search publicly declared the other day writes:

correspondent the F.MS, were different. In November Fax is used in Great Britain; just when in that the firm he represents would never

last he said it would be well to appoint a When the

Austrin Republic Committee to go into the matter. The Cous vention has indefinitely expanded the need well-out to the Aquericans. That announce adopted the union with Germany as part mittee had been appointed and be unders for off in industry just when it a ment alone closes a vast proportion of the of it oficial programme thi. policy was stood that a report had been circulated grown to be a conson and as true world's petroliferotis lands to any invasion by no ineans generally popular, and even among members of the Council. It was im anying that Oil is King." as it was from the United States.

its next stalwart champions, the Social possible for Government to give a decision twenty years ago that steel was king:, just when the point has bren renched where

Democrats, had as recently a May: 1918. on the report of the Committee. No one oil controls money instead of money con-

THE PERSIAN CONCESSION.

H

Une may take it that the whole of the been in favour of terminating the alliance, realised more how very important this trolling oil--the United States finds her British Empire is similarly shut off from with Germany. The complete dissolution question was and what a risk, te did that chief sources of domestic supply beginning foreign concessionnaires. So far the Im- of the old Austro-Hungarian Monarchy, mind saying so, they ran in leaving matters to dry up, and a time approaching when, perial contribution to the world's output however, produced a great change. The as they were. He certainly considered that instead of ruling the oil market of the of petroleum has been insignificant..

It Social Democrats of Vienna were now engir some sort of force on witch they muld fall world, she will have to compete with other amants to not more than 2 per cent. of to attach themselves to their German com back upon was absolutely necessary. countries for her share of the crude pro- before very long be improved upon in country, because they believed that they approval of His Excellency the High Com the total. That wretched showing may rades, who were already dominant in st therefore, made the announcement with the view of the new interest which the war and would gain in strength by becoming missioner pending any decision that they Airendy, though few people realise it, industrial developments have stimulated members of a vast. Socialist be comprising were prepared to call upon the young men America is an importer of ail. Last year in the posibilities of an Imperial oil all East and Middle Europe. With them and the manhood of the F.M.S. to come she imported from Mexico sotue 40,000,000 supply. But there is no chance, so far as were also certain proportion of the Chrie Forward as volunteers and at once move to barrels of forty-two-gallons each.. This I can see, of the Empire ever becoming tian Socialists, who, patting an entirely bring the regiment to its previous high self-supporting in the matter of petroleum different construction upon the German standard, and steps would be taken at once The Government, therefore, acted with

situation, haped to find in anion an addi- to that effect.

duct.

CONSUMPTION AND SUPPLY

year, if she can get it-that-is-to-203;

moment

of

never be

There may

JAPAN. HANDSOME DONATIONS FROM

if she has the tankers to move it she will be importing more still. Roughly speak-shrewd forethought when it acquired a tional strengthening of the forms of law, ing, America's consumption of oil is cuz majority interest in the ordinary shares and order and protection against the ning between two and three million barrels the Anglo-Persian Company, whose con advanced views of many of the Social a month ahead of her own production. cession has forty-one years to run, and Democrats. That the Grossdeutsche were AN AMERICAN SCHOOL FOR

covers the whole of the Persian Empire And her power of consumption, already, a think it may also and fairly be assumed Also in favour of the union goes without I have said, twenty times as great as that the position we have acquired in ours, seems illimitable. There are at this

Mesopotamia ensures to British interests On the other hand, the idea of union some, 8,000,000 petrol-driven

the development of the local oilfields, was not liked by a large section of the velices in use in the United States. One What it comes to, therefore, is that with Christian Socialista. who stood for the

AMERICA.. half of the entire amount of oil produced the exception of Mexico, and to a lesser small manufacturer and who feared the in the country is required to fill their extent, of Central America, the uter competition of their more highly developed York City for the building of the Ame A remittance of Y.77,820 from New tanks.

world is securely barricaded against a clergy was also another factor for the in Tokyo in a letter from Me Albert G. neighbour. The powerful influence of the rican School in Japan has been received The great leaders of the American oil American invasion in

force like Mr.

be small isolated sales but there can priesta disliked so close an association with Milbank of that the President of the Cities Service Com

This Teinittance The British Protistantism, and finally there was the pany, and Mr. Bedford, of the Standard position is impregnable. All the known natural hostility of the Monarchists, who was pledged by Mrs. T. M. Anderson of represents the equivalent of $40,000 which Uil Compang bave foresight as well as oilfields, all the likely or probable oil clearly saw that such a policy would ter Long Beach, California. enterprise. They faced the facts that con. Belds ontside of the United States itself, minate for over any chancos Habsburgs The construction of the temporary school [sumption is outrunning supply, and that are in British hands or under British might have of regaining their throdeat Tamacht Station in Tokyo is going an intensified demand will soon be met by management or control or financed by As regards the differences which have along rapidly now and it is thought that

dwindling American output. They British capital.

arisen between the Viennese and the pea this building, will make splendid recognise that a time is cpring when a

sants and have led the provinces to think for the school during the time quarters large proportion of the capital that has

Per been ink in laying down pipelines and

We shall have to wait a few years yet joining, hands with Germany, the car-manent building is in course of constru erecting refineries will hate to be written before the full advantages of the situation

tion. The campaign in America has been Both sides, of course, have been in fault. aided by Mr. Thomas W. Lamont, off, when the gap between American con- begin to be reaped. But that the harvest If one cannot sufficiently condemn the who gave a dinner party in New York. sumption and American production will will eventually be a great one there can selfish, unpatriatic attitude of the peasants, recehily to present the cause of the Ame- rapidly widen, and when if Americans be to manner of dosht. To the tune of have failed to develop oilfields of their many million pounds a year America be practically shut the Viennese up rican School to the business communit own in other lands, they will become more fare very long will have to purchase from fused either to supply them with food at assured the campaign money for current As prisoners in their capital and have re there. The various mission-boards have and more dependent upon foreigs sources British companies, and to pay for in dollar all or only at exorbitant prices, it must not expenses and the officials in charge of for the supply of one of the first neces currency a progressively increasing, pro be forgotten that the peasants were scared by the Inter-Church World movement have saries of the twentieth h century industry portion of the oil she cannot do without many advanced Socialistic Bills, that the assured local workers of the support of and is no longer able to furnish from her overenient food policy has bona hopelessly that organizatio. The campaign among own stores. We are dealing, remember

"A CRISIS COMINO,

A MELON FOR TEK BRITISH."

of

It shows the magnitude of the crisis that with very big figures.. I estimate that if mismanaged, and, Snally, that nobody has the Americans in the Tokyo community is coming that Pennsylvania oil, now their present curve of consumption, ny great inclination to part with good has received good support and those in selling at $5.75 the barrel is expected to especially of high-grade products, is main: food for practically worthless paper money. charge say that the final result when it reach: 810 before the year is out that motor tained the Americans in ten years time The not result, therefore, has been that the to made known will be surprising. The spirit in the eastern cities must soon be will be under the necessity of importing provinces, which at first had no genoml total amounts to Y-102,740 and it is draw. fetching 40 cents, a gallon; that America 500,000,000 barrels of oil a years At: 2 desire for the union, have become more and

ing a substantial interest.. before 1991, will find herself 100,000,000 dollars a barrel a very low figure--that more anxions to escape from Vienna. This Other subscriptions to the fund for the gallons short of petrol; and that unless the means an annual payment of 1,000,000,000 Movement is obviously a still more dan

American School include gifts from the leading oil concerns in the country can dollars per annum, most if not all, of errons phase of the same question, for the International Wostorn Electrical Com International General Electric Company, rain $200,000,000 within the current year which will find its way into British whereas an Austria which joined Germany Dany, Mrs, B, G. Iselin, and Mrs. Hiram production will have decreased 10 per pockets,

If there are any pessimists left en bloemight have a certain influence, an Knox. These remittances, together with cent, while consumption assuming that in the United Kingdom I confidently invite Austria which-joined piecemeal by petty the 1.20.000 contributed by the U.S. Ster the present rate is maintained, will have them to pat that in their pipes, and amoke provinces would simply be gobbled up and Products Company, make up the grand increased 20 per cent."

Sunday Times.

Y102,340-Japan Advertiser,

| have no control whatapos