ANGLO-PERSIAN OIL COMPANY, LIMITED.

HC Deb 06 April 1921 vol 140 cc275-6

80. Mr. WISE

asked the Chancellor of the Exchequer the amount the British Government has invested in the Anglo-Persian Oil Company, Limited, and the percentage of the ordinary dividends since 1913?

Lieut.-Commander YOUNG

The amount of cash invested is £4,250,000.

The dividends on ordinary shares have been as follow:—

• For the year to 31st March, 1917 (the first dividend paid), 6 per cent, less tax.
• For the year to 31st March, 1918, 8 per cent, tax free.
• For the year to 31st March, 1919, 10 per cent, tax free.
• For the year to 31st March, 1920, 20 per cent, less tax.

Sir J. D. REES

Does any other investment of money by the British Government show so good a result?

Lieut.-Commander YOUNG

I must ask my hon. Friend for notice of that.