PERSIAN ON DISPUTE

Press, Volume LXXXVIII, Issue 26633, 19 January 1952, Page 2

PERSIAN ON DISPUTE

OFFERS MADE COMPANY "I (New Zealand Pres. ffi NEW PLYMdUTH Few persons have a ■ knowledge of the Persian than Mr E. G. D. NorthX? 1 ® cently chief representatiji ’’2® Anglo-Iranian Oil Company who is visiting New Plymn m/W a background of 32 yew. the last six being i “W representative of the comrT'wl Northcroft has taken part the negotiations between th» and the Persian Government Contrary to the generally„.Jl view, he said, the Anglo-b23H Company took the initiative hUS® offers for better condition. ♦2'® Iranian Government. The ® was made to the Iranian Gov C as long ago as 1948 and the had continued to renew its then. This was not open for „Mi tion previously because publir ledge could have destroyed (L*!® between the company and th. J® ernment. The basis of payment to Irm. Ji sisted of royalties made un naHLV a fixed rate for each ton of oil and partly of a share in the made by the company from The company could not be accused of failing to mal<7 tSS I offers, said Mr Northcroft JEvmfSff which could be done was don/W 1 last offer made was more thw ® of the total revenue of the and amounted to £50,000000 “The future of the situation uX course, a matter for guesswni.h»*Jl Mr Northcroft. Persia was not S sufficient enough to be able totaft the distribution of the oil and and more stringent economic jB being forced upon the country foreign reserves became deplete T “It is my guess,” he said, ‘'that J Persians will feel the pinch m fl pressure will be brought to IZJI Dr. Mussadiq, and he will eithwffl a way out by negotiations sSH West or he will be deposed, bound to arrange with a can»SH ministrative body to refine, exncwli sell their oil.”