... recalled that the dividend of per cent, for 1932 came as pleasant surprise, because of the revised agreement with ihe Persian government. Now that the position in this respect has been clarified, the company it believed will adopt a more liberal dividend ...

... the good offices of the League, a situation was created which enabled the company to resume direct contact with the Persian Government. Tbs situation in the early part of the year was an ugly one. and one which In pee-League days might easily have Involved ...