NEW AGREEMENT.
Persian Oil Concession to Run For 60 Years. GRANT TOR EDUCATION. (Beceived 10.30 am.) TEHERAN, May 2. The Anglo-Persian oil agreement has been signed. The Anglo-Persian Oil Company agrees to pay royalties of 4/ a ton, besides one-fifth of its net profits and arrears of £1,000,000, and undertakes to extract 5,000,000 tons annually, and to engage more Persians. It also undertakes to spend £10,000 a year upon the education of Persian students in engineering. The concession runs for 00 years. The story published by the "Daily Herald" alleging the impending conclusion of an Anglo-Persian treaty for the purpose of making British influence dominant in Persia is described officially as wholly without foundation. A general treaty with Persia has been under negotiation since 1928, but there is no question of such a treaty securing any exclusive privilege for Britain, or being in any way directed'against any other country.
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Auckland Star, Volume LXIV, Issue 102, 3 May 1933, Page 7
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149NEW AGREEMENT. Auckland Star, Volume LXIV, Issue 102, 3 May 1933, Page 7
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