[10] They took over the interests of Lane and MacAndrew, of which Newman had been a director, which had become insolvent,[11] and soon became a major force in the world of petroleum, while also operating in other areas of shipping.
[10] In 1934, Davies was Chairman of the London General Shipowners Society, and in October 1934 he was a speaker at celebrations to mark the centenary of Lloyd's Register of Shipping.
[12] At the time of his death, he was also a member of the Tanker Pool Committee and had been connected with the bulk oil trade for almost fifty years.
[16] On 2 July 1928, when the Davies family was living at Coopersale Hall, near Epping, their younger daughter, Letitia, married Dr Francis Cecil Chalklin, a research physicist, of Hadlow, at St Clement Danes, Strand, London.
[19] On 21 September 1929 the Davieses' older daughter, Mary, was married at All Souls Church, Langham Place, Marylebone, to Geoffrey Gillam, a young physician, by the Rev.
[21] Davies died at the Beacon Hotel, Hindhead, Surrey, in 1936, aged 73,[22] leaving a widow and an estate valued at £78,242, equivalent to £6,715,046 in 2023.