£4,000,000 OIL COMBINE

Grey River Argus, 15 November 1919, Page 4

£4,000,000 OIL COMBINE

KMAHKS OF FIVE SCOTTISH COMI'AXIKS ACQIIRIM).

Among new Scottish joini stock com.

panics rogisterod is Scottish Oils, Lim. j itod, .with :i f-;ipit:il of £-|.<M)O,(>00 in : £1 shares.

j Tho company h;is boon promoted 1o '.acquire the ordinary shares of the Puinphi'i'ston Oil Co. the Uroxburn Oil Co. the Oakbank Oil Co.. Young's Para, inn Light and Mintral Co., and James Koss and Co., Philpstoun Oil Works, and to acquire tho goodwill, so far as those relate to Scotland, of the British Petroleum Co. and iho llomolight Oil Co., as well as certain of the assets in Scotland of these two companies. It is also to undertake all or any liabilities in connection with the husiuessos in Scotland, and to carry on business in connection with petroleum and other mineral oils. Tho combination has boon organised by tho great Anglo. Persian Oil Company. The amalgamation should lend to economy nnd effiv. iency in working ,ospocialiy as it is proposed that tho Anglo.Persian Com. pnuy shall supply crude oil, so as to koep the Scottish refineries fully cm. ployed. The Anglo.Persian Oil Com. pany is the important undertaking con. trolled in <'i very special way by the British Government since early in 101 -k