31. Mr. F. HALL (Dulwich)
asked whether there is a maximum price which the Admiralty can be called upon to pay the Anglo-Persian Oil Company for their supplies of oil under the sliding scale; if so, what is that maximum price, or does the price paid for the liquid fuel depend upon whether a profit is made on the numerous products manufactured and sold by the Anglo-Persian Oil Company in various markets?
§ Mr. CHURCHILL
I have already stated that it is not the practice or in the public interest that the price should be disclosed.
Mr. F. HALL
Is there a maximum price or not? If there is a loss on the by-products does it naturally increase the price of the oil, and if it does not, how is the loss made up?