PERSIAN OIL
MORE PARTICULARS I ~ - DISCUSSION IN COMMONS. (United Press Association—By Electric Telegraph—Copyright.) RUGBY', December 12. Further .particulars regarding the Anglo-Plarsian Oil Company’s Darcy oil concession in Persia were given by Crip tain Eden \ U nder-,Secretary for I'oreign Affairs), in response to a question in the House of Commons. Hia said that the concessions contained no provision which would not allow of its cancellation by either side. The concession provided for an annual payment to l the Persian Government of 16 per cent, of the annual net profits of any companies formed to operate* the concession.
The total sum paid to the Persian Government in royalties from 1901 to the 31st. December, 1931, had amounted to £11,265,000.
He said the present holdings of the United Kingdom Government in the Anglo-Persian Oil Company were iseven and ia-hialf million £1 shares; one thousand £1 preference shares; and £99,000 worth of five per cent, debentures. The total amount that had been received! by the United Kingdom Government from the Oil Company in dividends and interest up to the present time was £9,977,344.
Permanent link to this item
Hononga pūmau ki tēnei tūemi
https://paperspast.natlib.govt.nz/newspapers/HOG19321214.2.28
Bibliographic details
Ngā taipitopito pukapuka
Hokitika Guardian, 14 December 1932, Page 5
Word count
Tapeke kupu
179PERSIAN OIL Hokitika Guardian, 14 December 1932, Page 5
Using this item
Te whakamahi i tēnei tūemi
The Greymouth Evening Star Co Ltd is the copyright owner for the Hokitika Guardian. 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 the Greymouth Evening Star Co Ltd. For advice on reproduction of out-of-copyright material from this newspaper, please refer to the Copyright guide.
Log in