§ 8. Mr. MITCHELL-THOMSONasked the Secretary of State for the Colonies whether any negotiations are proceeding between His Majesty's Government and any person or persons regarding the grant of rights for the development of the petroleum industry in the West Indies; and, if so, whether he can assure the House that care will be taken to prevent the sources of supply from falling into the hands of any trust or combine, and that no arrangement will be concluded until the terms thereof have been approved by this House?
§ Mr. GULLANDYes, Sir. Various negotiations are in progress in connection with the petroleum industry in the West Indies, particularly in Trinidad. For the proper development of the industry large capital resources and organisation on a proportionate scale are required. The negotiations are being carried on in consultation with the Admiralty and the expert advisers of His Majesty's Government, and every precaution will be taken to safeguard the public interests, for the-protection of which I am responsible to the House.
§ Mr. MITCHELL-THOMSONI should like the hon. Gentleman to convey to the notice of the Secretary of State the last sentence of the question which asks that no arrangement should be concluded until the terms have been approved by this House?
§ Mr. GULLANDI will bring that to the-notice of my right hon. Friend.