§ 26. Lieut.-Commander KENWORTHYasked the Prime Minister which Department appoints the directors to the Anglo-Persian Oil Company and is responsible for the instructions given to the representatives of the Government; and which Department do the directors consult when they require instructions on any particular policy?
§ The CHANCELLOR of the EXCHEQUER (Sir Robert Horne)The agreement and the articles of association of the company provide for the appointment of two ex-officio directors by the Treasury, one of whom is chosen to represent the Admiralty directly. The ex-officio directors consult the Admiralty or the Treasury, as the case may be, when they require instructions.
§ Lieut. - Commander KENWORTHYWho generally gives instructions to the directors? Do they consult the Admiralty, or the Treasury, or both?
§ Sir R. HORNEThey consult both, according to the particular question which arises.