DEAD SEA CONCESSION.

New Zealand Herald, Volume LXIV, Issue 19810, 3 December 1927, Page 13

DEAD SEA CONCESSION.

OBJECT OF GOVERNMENT.

BREAKING DOWN MONOFOLY.

(British. Official "Wireless.) i (Received December 2, 5.45 p.m.) A. and N.Z. RUGBY, - Dec. 1. The statement made in the House of Commons last night regarding the concession of the Dead Sea salts was supplemented in the House of Lords in a speech by the Under-Secretary for the Dominions, Lord Lovat. The Government, ho said, was fully alive to the interests which tho deposits had, as being a means of breaking down the monopoly in potash which existed at the present time. -They all knew what they had suffered during the war on account of the monopoly. With Lord Plumer, as High Commissioner for Palestine, in partial charge of the arrangements, these questions would not be overlooked. The Government was satisfied that the two gentlemen to whom it had been decided in principle to grant a contract, Messrs. Tulloch and Novomeysky, were, with the financial backing of the group working with them, suitable for carrying out the contract. The object of the Government was to get tne work done, independently of any existing combine. A feature of the concession, whatever form it ultimately took, would bo tho question of the share of the profits to the countries concerned. The Government regarded this as the most satisfactory way of dealing with the concession. It would eliminate, or at all events lessen, some of the political difficulties which might arise.