DIFFICULT PROBLEM
ANGLO-PERSIAN RIFT CAUSES OF DISSATISFACTION (Elec. Tel. Copyright—United Press Assn.) (Received Dec. 5, 11 a.m.) LONDON, Oct. 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 like a fever chart during 10 years, ranging from £1,410,000 to £130,000. Persian dissatisfaction has been increased by the decline of sterling, involving heavy losses in Persia’s balances, which are kept in London as a currency reserve. Persia wants terms similar to those of Iraq, whore the Government is assured of a minimum annual royalty, even though the oilfields are not developed.
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Bibliographic details
Poverty Bay Herald, Volume LIX, Issue 17954, 5 December 1932, Page 5
Word Count
105DIFFICULT PROBLEM Poverty Bay Herald, Volume LIX, Issue 17954, 5 December 1932, Page 5
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