ANGLO-PERSIAN OIL
COMPANY'S HUGE PROFITS
It was recently reported by cablegram from. London that the Anglo-Persian Oil Company, Limited, is increasing its capital to £26,500,000 by the creation of an additional 2,500,000 £1 shares in order to acquire preference shares in several other companies. .
The company's issued capital is £23,925,000, of which £7,000,000 is in 8 per cent., and £3,500,000 is in 9 per cent, preference shares. Of the ordinary capital, '.£13,425,000,- the British Government owns 7,500,000 shares, which cost an average of I3s 4d each. It also holds 1000 S peiv cent: preference and £199,000 worth of 5 per cent, debenture stock. The Burma- Oil' Company ■ holds :.-2,861,00b. shares, and, through a subsidiary, 700 000 shares. Only 2,303,010 ordinary- shares are in tlje^hands of the'general public, and of, this a considerable amount is understood to bo held in large lines by influential interests. •
A record profit-of-£5,206,761 was established by the company in 1929, when a dividend of 20 per cent, was paid: In 1930. the net profit fell to £4,648^79,.and the dividend was reduced to 13 per cent From 1323 to 1930, the British Government reqeivcd approximately £6,600,000 in' dividends'from its holding. .
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Bibliographic details
Evening Post, Volume CXIII, Issue 3, 5 January 1932, Page 10
Word Count
193ANGLO-PERSIAN OIL Evening Post, Volume CXIII, Issue 3, 5 January 1932, Page 10
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