ANGLO-PERSIAN OIL COMPANY. (Hansard, 25 July 1929)

§ Mr. J. GARDNER
asked the Chancellor of the Exchequer the interest which has accrued to the Government from its holding in Anglo-Persian oil stock for each year since 1909, together with the nominal and market value of such Government-held stock in each year?

— (1) (2)

Interest received in year. Government holding on 31st March.

Ordinary Shares. Debenture Stock. Preference Shares. Market Values.

£ s. d. £ £ £ £ s. d.

1914–15 … … — 750,000^* — 1,000 §751,031 5 0

1915–16 … … 22 1 10 1,000,000^* — 1,000 §1,000,968 15 0

1916–17 … … 73 10 0 1,250,000^* — 1,000 §1,251,093 15 0

1917–18 … … 68,279 3 6 2,000,000 199,000 1,000 §2,183,178 15 0

1918–19 … … 3,288 5 7 2,000,000 199,000 1,000 §2,182,402 10 0

1919–20 … … 452,077 14 4 4,000,000 199,000 1,000 §4,215,331 5 0

50,000†

1920–21 … … 427,756 0 6 4,000,000 199,000 1,000 §4,211,320 0 0

50,000†

1921–22 … … 577,028 0 0 4,000,000 199,000 1,000 §4,226,307 10 0

50,000†

1922–23 … … 1,017,976 0 0 5,000,000 199,000 1,000 21,436,288 15 0

1923–24 … … 501,334 18 6 5,000,000 199,000 1,000 15,180,225 0 0

1924–25 … … 528,093 10 10 5,000,000 199,000 1,000 16,127,831 5 0

1925–26 … … 635,070 0 0 5,000,000 199,000 1,000 21,438,341 5 0

1926–27 … … 885 030 0 0 7,500,000‡ 199,000 1,000 37,690,331 5 0

1927–28 … … 947,530 0 0 7,500,000 199,000 1,000 24,569,311 5 0

1928–29 … … 572,570 0 0 7,500,000 199,000 1,000 34,882,868 15 0

^* Paid on account of £2,000,000 Shares.

† Paid on account of £1,000,000 Shares.

‡ Increase due to issue of £2,500,000 Bonus Shares.

§ No market quotations for ordinary shares before 1922. The figure represents the cash paid for ordinary shares plus the market value of Debenture Stock and Preference Shares.

1526W

§ Mr. P. SNOWDEN
The figures asked for by the hon. and gallant Member are as follow:

§ Mr. P. SNOWDEN
The Government holding in Anglo-Persian Oil Company Stock, etc., only dates from 1914, when the Anglo-Persian Oil Company (Acquisition of Capital) Act, 1914, was passed.
The following table shows for each year since (1) Interest receipts, and (2) Nominal and Market value of Stock, etc., held at 31st March.

—	(1)	(2)
Interest received in year.	Government holding on 31st March.
Ordinary Shares.	Debenture Stock.	Preference Shares.	Market Values.
			£	s.	d.	£	£	£	£	s.	d.
1914–15	…	…	—	750,000^*	—	1,000	§751,031	5	0
1915–16	…	…	22	1	10	1,000,000^*	—	1,000	§1,000,968	15	0
1916–17	…	…	73	10	0	1,250,000^*	—	1,000	§1,251,093	15	0
1917–18	…	…	68,279	3	6	2,000,000	199,000	1,000	§2,183,178	15	0
1918–19	…	…	3,288	5	7	2,000,000	199,000	1,000	§2,182,402	10	0
1919–20	…	…	452,077	14	4	4,000,000	199,000	1,000	§4,215,331	5	0
50,000†
1920–21	…	…	427,756	0	6	4,000,000	199,000	1,000	§4,211,320	0	0
50,000†
1921–22	…	…	577,028	0	0	4,000,000	199,000	1,000	§4,226,307	10	0
50,000†
1922–23	…	…	1,017,976	0	0	5,000,000	199,000	1,000	21,436,288	15	0
1923–24	…	…	501,334	18	6	5,000,000	199,000	1,000	15,180,225	0	0
1924–25	…	…	528,093	10	10	5,000,000	199,000	1,000	16,127,831	5	0
1925–26	…	…	635,070	0	0	5,000,000	199,000	1,000	21,438,341	5	0
1926–27	…	…	885 030	0	0	7,500,000‡	199,000	1,000	37,690,331	5	0
1927–28	…	…	947,530	0	0	7,500,000	199,000	1,000	24,569,311	5	0
1928–29	…	…	572,570	0	0	7,500,000	199,000	1,000	34,882,868	15	0
^* Paid on account of £2,000,000 Shares.
† Paid on account of £1,000,000 Shares.
‡ Increase due to issue of £2,500,000 Bonus Shares.
§ No market quotations for ordinary shares before 1922. The figure represents the cash paid for ordinary shares plus the market value of Debenture Stock and Preference Shares.