HC Deb 12 March 1924 vol 170 c2302
9. Mr. BAKER

asked the Parliamentary Secretary to the Admiralty whether, seeing that the Government secured an economy of 7½ millions to the Navy during the period of the War by its control over the Anglo-Persian Oil Company, he will say whether he has secured specially favourable terms for the future?

The PARLIAMENTARY SECRETARY to the ADMIRALTY (Mr. Ammon)

The contract entered into in 1914 between the Admiralty and the Anglo-Persian Oil Company provided for supplies over a long period ahead, and not merely far the period of the War.