§ 44. Mr. WALTER BAKERasked the Chancellor of the Exchequer the number and present value of the shares held by the Treasury in the Anglo-Persian Oil Company, together with the sum received in dividends during the past year, as compared with the price obtainable 1251 when the Government proposed to sell this block of shares in 1923?
§ Mr. McNEILLWith the hon. Member's permission, I propose to circulate a reply in the OFFICIAL REPORT.
§ Following is the answer:
§ His Majesty's Government hold the following shares in the Anglo-Persian Oil Company:
| 5,000,000 | Ordinary Shares of £1 (fully paid). |
| 1,000 | 8 per cent. 1st Preference Shares of £1 (fully paid). |
| £199,000 | 5 per cent. Debenture Stock. |
§ The approximate market quotations for the various classes of shares on the 9th November were:
| Ordinary Shares | … | £6 | 5s. | 0d. |
| 1st Preference Shares | … | £1 | 6s. | 6d. |
| Debentures | … | 96½ |
§ At the end of November, 1923, the approximate market quotations for the same classes of shares were:
| Ordinary Shares | … | £2 | 10s. | 0d. |
| 1st Preference Shares | … | £1 | 3s. | 1d. |
| Debentures | … | 91½ |
§ The total amount received in dividends on all classes of shares since 1st November, 1925, is £885,030.