CANCELLED CONCESSION
THE PERSIAN OILFIELDS BRITISH GOVERNMENT'S SHARE HOLDING (British Official Wireless.) Association —By Telegraph Copyright RUGBY, December 12. Further particulars regarding the Anglo-Persian Oil Company’s Darcy concession were given by Captain R. A. Eden (Foreign Under-Secretary), in response to a question in the House of Commons. 'He said that the concession was granted by the Persian Government for sixty years, from May, 1901, and contained no provision which would not allow cancellation by either side. The concession provided for an annual payment to the Persian Government of 16 per cent, of the annual net profits of any companies formed to operate the concession, and the total sum paid to the Persian Government in royalties to December 31, .1931, amounted to £11,265,000. The present holdings of the United Kingdom Government in the Anglo-Persian Company amounted to 7,500,000 £1 shares, 1,000 £1 preference shares, and £99,000 of 5 per cent, debentures, and the total amount received by the United Kingdom Government from the company in dividends and interest up to the present time was £9,977,344.
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Bibliographic details
Evening Star, Issue 21285, 14 December 1932, Page 9
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174CANCELLED CONCESSION Evening Star, Issue 21285, 14 December 1932, Page 9
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