HC Deb 25 January 1949 vol 460 cc747-8
58. Colonel Crosthwaite-Eyre

asked the Chancellor of the Exchequer what points of the concession held by the Anglo-Iranian Oil Company are to be discussed with the Persian Government; and what action His Majesty's Government is taking to ensure that British interests are adequately safeguarded in these discussions.

Sir S. Cripps

I cannot give any information as to the company's discussions with the Persian Government. As regards the second part of the Question, the company's representatives will keep in close touch With His Majesty's Embassy in Tehran.

Colonel Crosthwaite-Eyre

When the Chancellor says he cannot, does he mean that he will not, because the Government own the majority of the shares in this company? Is he aware that under Article 21 of the Concession the Persian Government said that this concession could not be altered? What are these new arguments that are now arising, and what concessions are in view by His Majesty's Government?

Sir S. Cripps

These negotiations are going on between the company and the Persian Government, in which I do not propose to interfere.

Colonel Crosthwaite-Eyre

But as the Government are the main shareholders, surely it is their duty to interfere to see that the shareholders get a fair deal?

Sir S. Cripps

It is not the duty of the shareholders to interfere with the directors when they are carrying out their job.