HC Deb 29 March 1926 vol 193 cc1655-6
75. Mr. T. WILLIAMS

asked the Chancellor of the Exchequer whether, in view of the fact that the Government are large holders of capital in the Anglo-Persian Oil Company, the recent increase of one penny per gallon in the price of petrol sold by the company was approved by the Government?

Mr. NcNEILL

No, Sir.

Mr. WILLIAMS

Have the Government representatives no say as to the price?

Mr. McNEILL

If the hon. Member is asking about machinery, he must give me notice.

Mr. WILLIAMS

Are we to understand that the financial holding of the British Government gives them no sort of control of the price at which they sell the article?

Mr. McNEILL

I have given a very specific answer on that point.

Mr. THURTLE

Is it not a fact that the Government have certain members on the board of directors of the company?

Mr. McNEILL

There is no Government interference with the commercial management.

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