RUMANIAN OIL
EFFORTS TO SECURE BRITISH INTERESTS (Rec. 11 a.m.) LONDON, March 22. The Foreign Under-Secretary said in the House of Commons to-day that the Rumanian Government’s policy appeared to be to gain possession of Bi’itish oil companies in Rumania without payment. “This is being done by accusation of economic sabotage, and interfering with commercial activities to force them into bankruptcy. One British oil company had been instructed to sell certain assets to a Soviet company at prices fixed in local currency by the Rumanian Government. The State administrator appointed to Astra Romana, the largest oil company in Rumania, acted ;so prejudieally to the British majority of shareholders' 5 interest that it had been decided to declare the company in a state of forcible dissolution, and to withdraw British staff from Rumania.”
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Ashburton Guardian, Volume 68, Issue 138, 23 March 1948, Page 3
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132RUMANIAN OIL Ashburton Guardian, Volume 68, Issue 138, 23 March 1948, Page 3
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