Evening star. [volume] (Washington, D.C.) 1854-1972, 1930-09-20
GERMAN OIL FIELD
PROMOTION IS DUE
Sinclair Plan of Development
Seen as Logical Move
In Trade.
BY JOHN F. SINCLAIR.

8DtClAl DihpAtCH 20 4 AS oAdAs
NEW YORK, September 20-The
statement Of Harry F. Sinclair, oil mag
nate, that he and his associates expect
70 enter the German oil field on an
extensive production scale in the i'm
mediate future, putting millions of dol
lars into development work, will come
as a surprise to many people who have
never known that Germany possessed
any oil possibilities.
But to those who have been following
world oil developments it is no surprise
Many experienced oil men believe that
in Germany lies the next big oil de-
Velopment.
For several weeks Harry F.. Sinclair
and his associates have been going over
the properties of the North European
Oil Co. 1t was expected that their
territory, 100000 acres in the North
German plane was what Mr.. Sinclair
intended to take over.
But T. w. Pettigrew, developer of the
North European Oil Co, who is at pres
ent in the United States, denies any
negotiations are pending with the Sim
clair group.
1.-THE properties of our company" said
Mr.. Pettigrew to the writer, were as
sembled after several years Of work at
an expenditure of nearly S2o0O,OOO.
They are not for sale and no negotia-
lions are pending with Harry F. SIN
clair and his associates"
Mr.. Pettigrew is enc Of those who has
utmost confidence in Germany as a
future oil producer. Germany, in my
opinion" he stated emphatically, will
be the next big oil development in the
world. Already three German oil fields
ere producing a total Of 1000 to 5000
barrels q day"
New Banking Group.
Sir william Norris. British automo-
bile manufacturer (the Ford OF Eng
land), who in 10 years has turned
ancient academic oxford into manu-
featuring town, has been made chair
man Of powerful British DanKlng ana
business group, being organized for the
purpose of pulling England out OF its
business sloth."
This group, headed by young Sir VIII
Nam. sees no help from any government
Liberal. Conservative or Labor-and
has decided to take matters into Its
own hands to see what can be done.
Associated with Sir William in the
venture are such well known men as
Sir Hugo Hirst, chairman OF the Cen
eral Electric Co.: Sir Harry McGowan,
president of the Imperial Chemical In
,ustries, Ltd; Lord Melchett, recent
visitor to the United States; DR.. Henry
Drevf,ls. director Of the British Celanese,
It'd. and one of the richest men IN
england; Sir Hugo Cunlthe-Owen,
chairman of the British-American To-
bacco Co.: Sir Edward Manville, en-
Rineer. and Benjamin Talbot, steel
manufacturer.
Apparently this new British board OF
strategy means business. They are tlreo
Of government inactivity, waste ana
indecision.
"The British people today are tired
If the waste and extravaganza OF the
successive governments and the siavlsn
Adherence Of the political parties to
economic theories which have lost all
relation to the facts of modern business
life" said Sir William in a 1ormaI
statement.
Next week the original committee Will
take steps to develop national busl-
ness council to represent every industry
Its object will be to secure the adop-
tfpr of proper measures for protecting
the home market and to advance the
cause Of empire trade by every possible
means"
This is the most significant move yet
taken by British industry to reorganlze
itself on modern lines.
In spite of the record-breaking low
prices for sugar, Cuba has increased
fer sugar cane acreage for the 193O-5l
season about 366,700 acres.
II this information is correct-and "
comes from President Machado OF
Cuba-it would mean an increased
sugar output of $4,000 long tons.
Thomas H. Chadbourne, New YORK
capitalist and attorney, who is attempt
ing to secure a world curtailment OF
sugar acreage, will not throw his nat
into the air when he reads that state
want nj President MachadO.
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