§ Captain W. BENNasked the Secretary of State for the Colonies whether the new arrangements for prospecting for oil in Iraq involve any payment to the Iraq Government or in any other way will relieve the charges on the British Treasury in respect of Iraq?
§ Mr. ORMSBY-GOREThe Turkish Petroleum Company will pay royalties based on output to the Iraq Government, but it is not contemplated that any direct relief will thus be afforded to the Imperial Exchequer.