"MONSTROUS CONCESSION."
SB . o I LORD MURRAY OF ELIBANK 's MAKES A DEAL. Ie >r By Teleeraph—Press Association—Copyright " (Rec. September 4, 11.15 p.m.) " London, September 4. The text of the oil concession obtained by Lord Murray of Elibank from the Government of Ecuador shows that Lord Murray has secured the right to utiljso any public potroleum lands dis- ■_ covered in Ecuador during tho next forty years. Tho concession was cn,j).iroly gratuitous, cxcept for a -.promiso A- ,to expend £100,000 in exploitation within a decado upon the discovery of tiio oilfields. Lord Murray also secured tho right to expropriate private lands upon torms stipulated by tho engineer and approved by tho Government, g Tho "Elegante," a Guayaquil newsI paper, describos tho deal as "a monstrous concession." P It was announced in Juno last that 0 Lord Murray, as a director of Messrs. S. " Pearson and Son, had signed a contract with tho Ecuador Government for the ded velopment of Ecuador oil lands. He also completed a similar contract with tho Colombian Government.
Permanent link to this item
Hononga pūmau ki tēnei tūemi
https://paperspast.natlib.govt.nz/newspapers/DOM19130905.2.41
Bibliographic details
Ngā taipitopito pukapuka
Dominion, Volume 6, Issue 1847, 5 September 1913, Page 7
Word count
Tapeke kupu
171"MONSTROUS CONCESSION." Dominion, Volume 6, Issue 1847, 5 September 1913, Page 7
Using this item
Te whakamahi i tēnei tūemi
Stuff Ltd is the copyright owner for the Dominion. You can reproduce in-copyright material from this newspaper for non-commercial use under a Creative Commons Attribution-NonCommercial-ShareAlike 4.0 International licence (CC BY-NC-SA 4.0). This newspaper is not available for commercial use without the consent of Stuff Ltd. For advice on reproduction of out-of-copyright material from this newspaper, please refer to the Copyright guide.
Log in