... Tuesday. Oil shares were weak at first, prices declining under the lead of Anglo-Persian on the news regarding the Persian Government s intention to annul the Company’s I) Arcy concessions, but the market showed a good recovery afterwards on bear covering ...

... some years the Persian Government has been discussing with the Anglo-Persian Oil Company a rev.sion of the conditions and method of calculation of royalty. The Company has always shown its willingness to meet the wishes the Persian Government *n this matter ...