According to Mr. It. E. C'hadvviek, M.P., oil is one of the most important factors in world politics at the present time.' It had, he states, affected the development of humanity more even than steam and electricity had done, and the few commercial organisations controlling it were almost as powerful as governments'. As a shipping man. however, he could best visualise, the commercial value of oil from the economy it effected in the propulsion oi ships.
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Auckland Star, Volume LVI, Issue 121, 25 May 1925, Page 9
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76Untitled Auckland Star, Volume LVI, Issue 121, 25 May 1925, Page 9
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