BRITISH PETROLEUM COMPANY

Dominion, Volume 10, Issue 3096, 29 May 1917, Page 8

BRITISH PETROLEUM COMPANY

GERMAN CONCERN O.li , NATIONAL VALUE. In the British Parliament recently Mr. .loyns'ou-Hickfi iifikecl whntfier il: waa with tho assent of the Board of Tradi> that tho British Petroleum Company, Limited, a German-owned concern, had outlived into an agreement with the Englisb branoh of the Standard Oil Company of America lo disl.ribulo petrol in this country lor account of tlm Amecicau (■oni[iaii.v upoa a commission baMs, beiiiß ixiund to soil nt tho saino prices as the Standard Oil Company, and what hilkiuiaga them was to the British public iu such arrangements. Mr. G. Kdhcrts replied that the shares of the British Petroleum Company and of its allied company were vested in tlm Public, Tru.itco, and the conipaniea wove controlled by directors nominated by tlie Board of Trade. Tho shares were previously registered in the name of *;i Gorman company, but of these shares thn French and tho Belgians claimed 491 per ceut. Tho Government considered that it was to the national advantage thai; the organisation of tho British Petroleum Compauy should be kept; alive and remain permanently under British control, nml they had taken steps lo otistira this object.