1926-08-05 — Page 2

Page

GAELIC

Old

OLD SMUGGLER

THE GRELE OUTKY

THE HONGKONG DAILY PRESS; THURSDAY, AUGUST 5TH, · 1926

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All Rights Runout

| MEAT WAR IN GREAT

BRITAIN.

BRITISH AND AMERICAN FIRMS,

£10,000,000 LOSS IN A YEAR.

BRITISH HOUSEWIVES BENEFIT.

1

JA

FORTUNE LEFT, TO A GARDENER.

STRANGE HOBBY OF A RICH MAN,

25%. POCKET MONEY.

The will of a rich but "nervy" man, whose hobby was collecting ash trays, was contested in the Probate Court by his brother and two sisters.

Mr. Edmand William Blessig, MI There is again a "certain liveliness Sophis Julia St. George, and Mrs. in the secret war being waged be-Wilhelmina von Heyder, of Hollybank, tween the British and American import-Wavertree, Liverpool, alleged that a will ora of Argentine chilled beef for the trade left by Mr. Philip Frederick Blessis, of Great Britain.

bo died last July, was not duly execut Until last yeat all the importers opered because of his alleged mental incapa- ated in conformity with a friendly ar-city. rangement which apportioned to each firm Mr Blessig lived for years in A a quota of the beef required in Great! Coctor's house at Ewell, Surrey, attend Britain. Then new firma aprang up and cd by Mr. George Henry Goddard, a the old ones acquired additional interests, gardener, to whom by his will he left a with the result that the arrangements | large part of his estate, the amount of which had existed satisfactorily for a very | which is at present unknown. considerable period broke down, and each After a consultation between counsel, Srm struck out for itself,

a settlement was reached on terms agrèed

While each firm preserved its own into by the parties. The jury thereupon dividuality in its operations, it quickly formally found in favour of the will, became a war of ostions, the American and Justice Hill gave-judgment-in, interests ranging themselves against accordance with the terms. those of Britain. The two groups are

It was stated that Mr. Philip Blessig represented by the great firms of Swifts, was left a fortune of £70,000 by his Armours, and Wilsons for the Unitedfather, which brought him an income of States, their total capital and assets £3,500 a year. running into many millions of dollars. The British protagonists are the great

CRAZE FOR ASHTRAYS.

interests of Vestey Bros., whose · finan- So far as money was concerned he was cial resources are reputed to be unrather indolent. He would-play-billiards, limited; Smithfield and Argentine Meat way for holidays, and was extremely Co., Ltd. (authorised capital £1,500,000);

toad of birds, and had a considerable River Plate British and Continental Meat knowledge of their notes and songs. Co., Ltd. (£788,750), and English and Dutch Meat Co., Ltd. (£1,200,000). The Argentine Sansinona Company, which has an authorised capital of £3,000,000, is also concerned in the "war."

QUICK SALE.

For twelve months all these firms have been bringing chilled beef to England without any concerted regard to the known requirements, the result being that chilled beef has been sold at Smith field at a lower price than it costs, to import, the reason being that "chilled " meat, as distinct from""frozen," has to be sold quickly, and that means for what

He bought ash trays in great profu. ion. It was a hobby of his, said one witness. They were threepence and six- pence each

Eo was allowed about 258. a week as pocket money, and at Christmas or on his birthday be would receive 23 or £10.

On one pecasion Mr. Blessig complain, ed to a 'Croydon solicitor that when his income tax papers came Dr. Reichardt, with whom he lived, would Ell them in and enter him as incompetent.

Kindly let me know," he wrote,

howr

to stop this nonsense."

Mr. Goddard said he was Mr. Blessig's

it will fetch irrespective of cost, other-companion for many years. Mr. Blessig, wise it becomes a total loas.

As a matter of interest, it may be men- tioned that chilled beef is generally consumed in England within 30 days of the time of slaughtering in the Argen-

tine.

It is estimated that as a result of the cut-throat war between the importing. "firms their combined losses total any|..

thing up to £10,000,000 since last eun mer, and as the American firms of Swifts,.

mours, and Wilsons import about 60 per cent of the chilled beef received in England, it follows that theirs is also about 60 per cent. of the loss, the other 40 per cent. being shared between the British and Argentine houses.

While, however, the loss of the British firms is actual, that of the Americans is only comparative, for what they lose in England they recoup in the United States. In other words, they are making the citizens of the United States pay for their war on the British Erms by compelling them to pay more for their meat.

who was quite responsible for his actions, told him that he was going to make his will in his favour, but he did not pu auch reliance on that statement as he thought Mr. Blessig had no money to

leave.

£130,000,000 TRUST.

DERECTOR'S SUGGESTION TO WORKERS.

Mr. J. E. Sharrock, chairman of the Liverpool board of Elde: Dempster & Co., Ltd., the West African shipowners," made some interesting observations on the present labour diiculties when ad- dreasing a gathering of the Liverpool Shipping Staffs Association in Livez- pool.

"It is time," he said, "that the British workers began to realise that they themselves have it in their own power to put an end to the insane and interminable quarrels between capital and These are facta which speak for them labour, and they can themselves form the selves. According to the National biggest capital organisation in the coun- Penvisioner, an authoritative Americantry, with their own capital. Let them publication, meat was selling-in-Chicago from themselves-into, shall we say, a and New York on June 17th at from 16 British Workers' Savings and Invest- to 17 cents (8d. to Bid.) per lb., while ment Association; this association -to on the same day in Smithheld meat in include not only the existing members every way comparable was sold by the of the trade unions, but to be open to same firms somewhere in the neighbour-all workers, men and women, in the hood of 6td. per lb. (Later it was about country-workers in the mines and in 51d.). The difference in the price is all the homes; on the railways and on the the more remarkable when it is rememships; in the shipyards and in the engine bered that in England just over 1d. pershops; in the factories and in the offices;

b. has to be allowed for freight and in the stores and in the banks. handling-charges which are not nearly

so high in the United States.

It would therefore appear that the American firms are charging the Ameri- can public something like £0,000,000 year to pay for their war on their British competitors.

.: CAPITAL FOR INVESTMENT.

"Having got so far, we will suppose that 10,000,000 of these British workers agree to support the association by making an average payment into the funds of, say, 5s. per week, which would The British Arms have to bear their mean that fresh capital would be avail own losses in their endeavour to main-able for investment to the extent of tain British trade. They have no means 22,500,000 per week, ar, say, £130,000,000 of making someone else pay. Exactly altogether in the first year. In ten years how long the "war" is likely to last no these funds for investment would have one can tell, out in the meanwhile the increased to a total of £1,300,000,000, and following official figures with regard to at the end of twenty years the capital. the shares of those companies quoted on collected would be £2,000,000,000. This the London Stock Exchange are illumi-is without taking any credit for divideada nating:

£1 Ordinary Shares; Twelve Months Ago, "-To-day. Smithfield, and Ar-

gentine

-10/8-

8/0.' 2/8 English and Dutch 8- River Plate, British

and Cont'al

3/0

10/- only paid on these shares. There was not one of these shares which was not up to or above par before the war began.

Those of the Smithheld and Argentine Co. touched '308 and more.

"

or profits, or for any increment in the value of the investments. It is not neces- sary at the moment to consider the manner in which this large available capital should be invested in the various industries in the country, the Colonies. and Dominions, or the way in which the *d.accrued. dividends and profits should be used. If this scheme were carried out the members of the association would have at their own disposal funds for cresting a great pension scheme and also ample money available for providing for widows and orphans, and those struck down by the wayside. In ten years the net dividends received from the invest- ments of the association, even at an average low rate of 4 per cent., would twenty years the income would amount amount to £52,000,000 per annum, and in to £104,000,000 every year."

NEWSPAPER COMMENT. Commenting upon this meat war the Daily Mail says:

Enormous supplies of beef aro im- ported into England from the Argentine, and if the Americans succeed in their design and corner the market people may have to pay substantially higher prices,

"The War is one of undercutting, with At this time of day it ought to be the hope of squeezing out competition, impossible for any trust to be in a posi and at the present moment Argentine tion to control an essential article of beef is cheap. But this cheapness is only food and make the public pay what it the prelude to enhanced prices if the choose, but it cannot be denied that Americans win and are in a position to things are tending that way. Both sides, form what would be virtually a vast beef it is true, have great financial resources, but the Americans are powerfully placed in this war of attrition because they can recoup their losses in England by their sales in the United States,

trust.

4.

"The mere ides of being at the mercy of an American trust with regard to such an important thing as beef in decidedly alarming. It would mean that" England The fact that chilled Argentine beef would bave to pay still larger tribute to has recently been selling at Smithfield America and the effects of it would "be | for less than it costs to import shows felt throughout the length and breadth how force the strife has became. Un- of the land. Healthy competition --is less something is done to stop it before essential if food is to remain reasonably it is ended by the exhaustion of one side cheap, but suicidal competition such so the English public may" very weli wake is going on at present can only end în up one morning to find that the price of lose to the public.

Argentine beef bas been materially and permanently increased.

(Continued on- next column.)

T

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