PERSIAN OIL CO
1 *IIOTRACTED NEGOTIATIONS
LONDON, December 3
The Anglo-Persian negotiations are Likely to be protracted and difficult. The Company's royalty is Persia’s chief source of revenue, yet it has fluctuated lik e a fever chart during the ten years, ranging from £1,410,000 to £130,000. Persian dissatisfaction increased by the decline in (sterling, involving heavy losses in Persia’s balances kept in •London as cunencyt reserve. Persia wants terms .similar to Iraq, where the Government is assured of a minimum annual royalty, evert though the o>llieldf, are net developed.
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Hokitika Guardian, 6 December 1932, Page 6
Word Count
89PERSIAN OIL CO Hokitika Guardian, 6 December 1932, Page 6
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