HC Deb 15 February 1955 vol 537 c19W
42. Mr. Gaitskell

asked the Chancellor of the Exchequer how much was paid by Her Majesty's Government in respect of the original purchase of shares in the Anglo-Persian Oil Company; what sums were paid subsequently for the purchase of further shares and how many free bonus shares were received in this company or its successors; and the value today of Her Majesty's Government's total shareholding in the British Petroleum Oil Company.

Mr. R. A. Butler

In 1914 the Government subscribed for two million £1 ordinary shares and one thousand £1 preference shares at par and, in 1919, for a further 3 million £1 ordinary shares at par. Bonus issues of ordinary shares received in 1926, 1937, and 1954 have totalled 51,250,000and have brought the nominal value of the Government's holding to £56,250,000 ordinary stock and £1,000 preference stock. The value of the Government's holding at close of business yesterday was just over £233 million.