§ 60. Sir E. CORNWALL
asked the Chancellor of the Exchequer whether any payments have been made to the Anglo-Persian Oil Company on account of the £2,000,000 sterling authorised by the House of Commons in the year 1914; and, if so, what were the amounts and at what dates the advances were made?
§ The CHANCELLOR of the EXCHEQUER (Mr. McKenna)
The following payments have been made:
On the 19th August, 1914 £38,000 On the 20th August, 1914 462,250 On the 30th November, 1914 250,750 On the 15th July, 1915 250,000 Total £1,001,000
§ Commander BELLAIRS
May I ask whether the Government are seeing that the pledge is carried out and that this money is being exclusively devoted to development in the Persian area and is not being spent on oil tankers for transport?
§ Sir C. KINLOCH-COOKE
Can the right hon. Gentleman say what proportion of this amount went to the parent company?