PERSIAN OIL
. DIFFICULT NEGOTIATIONS FUTURE OF THE CONCESSIONS LONDON, Deo. 4 The negotiations between the AngloPersian Oil Company and the Persian Government regarding the cancellation of the concessions by the latter are likely to be protracted and difficult. The company's royalty is Persia's chief source of revenue, yet it lias fluctuated like a fever chart during the past 10 years, ranging from £1,410,000 to £130,000. Persian dissatisfaction has increased by the decline in sterling, involving heavy losses in Persia's balances kept in London as currency reserve. Persia wants terms similar to those of Irak, where tlio Government- is assured of a- minimum annual royalty even if the oilfields are undeveloped.
The international 1 cable news appearing in this issue is published by arrangement with the_Australian Press Association and the Sun-Herald News Service, Limited. By special arrangement Renter's world service, in addition to other special sources of information, is used in the compilation of the oversea intelligence published in this issue, and all rights therein in Australia and New Zealand uro reserved. Such of the cable news on this page as is so headed has appeared in the Times and ia cabled to Australia and New Zealand by special permission. It should be understood that the opinions are not those of the Times unless expressly stilted to be so.
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New Zealand Herald, Volume LXIX, Issue 21358, 6 December 1932, Page 9
Word Count
218PERSIAN OIL New Zealand Herald, Volume LXIX, Issue 21358, 6 December 1932, Page 9
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