WORLD’S OIL
EMPIRE DEFICIENCY OVERCOME BY BRITISH ENTERPRISE CONTROL OF PERSIAN FIELDS (By Telegraph—Press Assn.—Copyright.) (Rec. 8.20 p.m.) London, January 19. Sir John Cadman, speaking on oil from an Empire viewpoint, at the luncheon of the Royal Colonial Institute, lamented the fact that only two per cent of the world’s oil supplies came from within the Empire. “But” he said, “these natural deficiencies are counter-balanced by the enterprise of the Empire’s sons. Public opinion in the future will applaud the foresight and statesmanship which, finding that Britain’s supplies of oil were dangerously small, has not hesitated to take a hand in the great centre of supply, and secure control of the AngloPersian company.” He emphasised the point that this was purely a commercial undertaking and in no way an instrument of the Government, and prophesied that the ultimate destiny of our coal must be its converaion into oil petroleum gas, leaving a residue of no calorific value.—A. and N.Z.
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Southland Times, Issue 20082, 20 January 1927, Page 5
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159WORLD’S OIL Southland Times, Issue 20082, 20 January 1927, Page 5
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