HC Deb 24 March 1920 vol 127 c426W

asked the Prime Minister upon whose authority controlling interests were taken up in the Anglo-Persian Oil Company, and what is the financial value of such interests?


The acquisition of controlling interests in the Anglo-Persian Oil Company was authorised by the Anglo-Persian Oil Company (Acquisition of Capital) Act, 1914, and the Anglo-Persian Oil Company (Acquisition of Capital) Amendment Act, 1919. The Government holding is the nominal sum of £5,200,000, in the form of ordinary and preference shares and debenture stock, of which £4,250,000 is paid up. No call on the balance can be made without the consent of the Treasury.

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