§ 19. Mr. THURTLEasked the Chancellor of the Exchequer the names of the present two Government nominees on the board of the Anglo-Persian Oil Company?
§ Captain GARRO-JONESIn view of the fact that they must take no part in the commercial control of the company, what duties are they expected to perform?
§ Mr. HARRISWill the hon. Gentleman state their qualifications for the posts?
§ 20. Mr. THURTLEasked the Chancellor of the Exchequer the number of directorships of subsidiary companies of the Anglo-Persian Oil Company held by each of the two Government nominees on the board of the Anglo-Persian Oil Company; and the amount of remuneration each receives in respect of these directorships of the subsidiary companies?
Mr. SAMUELBoth Government directors are directors of the following nine subsidiary companies of the Anglo-Persian Oil Company:—Scottish Oils Limited; British Tanker Company, Limited; First Exploitation Company, Limited; National Oil Refineries Limited: British Petroleum Company, Limited; Tanker Insurance Company, Limited; D'Arcy Exploitation Company, Limited; Khaniquin Oil Company, Limited; and North Persian Oils Company, Limited. Sir Edward Packe is in addition, Director of the Britannic Estates Company, Limited and Anglo-Persian Oil Company (India), Limited. I understand that the aggregate remuneration of each Government Director for his services to the Anglo-Persian Oil Company and its subsidiaries approximates closely to £3,000 per annum.
§ Mr. THURTLECan the hon. Gentleman say whether these gentlemen have any particular qualifications which would suggest that they would be suitable for directorships of these oil companies?
§ Commander OLIVER LOCKER-LAMPSONAre they not worth a great deal more than they are getting?