PERSIAN OIL
1 ' •• — POLITICAL COMPLICATIONS. (Australian and N.Z. Cable Association.) DELHI, March 22. After drawing all the recent American advance the Persian Government is endeavouring not to disburse the money, having discovered that the loan is mixed up with the concession to the Standard Oil Company in the northern oil fields, and the conflicting interests of the Standard Oil and An-glo-Persian companies. . The Government laboured under the impression that it was an unconditional and separate loan and is now unwilling to accept the advance which it is Dying to repay. There is, however, little hope of success, and, in consequence, a Cabinet crisis is apparently imminent. (It was reported on Alareh 15 that the Persian Government had received £200,000 as an advance from Washington against future oil royalties. The event was taken as an indication that the Standard and Anglo-Persia Oil Compares had reached an agreement regarding- their conflicting interests in the Persian oilfields).
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Greymouth Evening Star, 27 March 1922, Page 5
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154PERSIAN OIL Greymouth Evening Star, 27 March 1922, Page 5
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