Meriden Record: Europe’s Oil Napoleon Seen Winner Over U.S. Rivals For World Trade As Ethiopian Concession Fades: 13 September 1935
Article about Sir Henry Deterding “strong man of the billion dollar Royal Dutch Shell corporation…”
EXTRACT
Enjoys Nazi Monopoly
Thus, when his American oil rivals invaded Europe, and brought much of their supplies from Soviet Russia, Sir Henri opened up a broadside denouncing the U.S. interests for buying “immoral” products. Critics point out that the huge importations of Soviet oil and byproducts by Germany before Hitler’s rise to power have been curtailed and that Sir Henri now enjoys a monopoly in the Nazi state.
It explains why Royal Dutch Shell shares are comparatively stable after several startling slumps in the past, London financial figures declare. Though it has been revealed that many of the sober Dutch investors who own almost half of Royal Dutch Shell shares would be far happier if Sir Henri meddled less in international affairs and more with looking after the oil domain that radiates from the modest headquarters situated at The Hague, Holland’s capital.
