JULY 28, 1951 THE ATLANTIC Page 1. DOES BRITAIN OPPOSE NA TIONALIZATION OF IRANIAN OIL?
Twelve Questions About Anglo Iranian Oil Here are answers to questions Americans are asking concerning the Anglo Iranian oil crisis No. Britain Foreign Secretary stated in the House of Commons on May 29 that the British Government were prepared to consider a settlement which would involve some form of nationalization. This statement has been repeated during all subsequent Gegotiations THEN WHY HAVE NEGO.
TIATION BROKEN DOWN?
to be formed by the Anglo Iraniansferred to an entirely Persian ownOil Company. The new Company ed and operated company.
would have a number of Persian di rectors on its board and would oper WHAT ABOUT PAYING ate on behalf of the Persian Na IRAN DURING THIS PERIOD tional Oil Company. At the same time the distribution of oil products During negotiations, the company within Persia itself would be tran offered to make Iran an immediate interest free advance of 10 million, and million a month starting in July WHY DOES BRITAIN SAY THAT IRAN ACTION IS BREACH OF INTERNATIONAL LAW?
The Anglo Iranian Oil Company has been operating in Iran since 1933 on the basis of a 60 year concessione signed that year between the company and the Iranian Government.
This concession, under which the British company has poured millions of pounds of capital into Iran, has now been broken by the Iranian Government. Britain has asked for arbitration but that was refused.
Britain has now taken the case to the International Court of Justice at The Hague, but Iran has already announced that it refuses to accept the jurisdiction of the Court.
SAVE MONEY AT Iran has insisted that it will not take part in any discussion unless the Anglo Iranian Oil Company pays over immediately all the proceeds of the sale of oil since March 20, less operational expenses, with 25 per cent of these proceeds carmarked for future compensation. The Company found this condition completely impossible.
LA PROVEEDORA IS BRITAIN STILL WILLING TO NEGOTIATE? WHY DID THE COMPANY FIND THIS CONDITION IMPOSSIBLE?
The British Government (which is a majority stockholder in the Anglo Iranian Oil Company. and the Company itself, are anxious and willing to negotiate a settlement HAS OIL PRODUCTION HELPED THE STANDARD OF LIVING IN PERSIA?
The profits have not been earned from operations in Iran alone, but in the context of world. wide activities, including the operation of what is probably the largest tanker fleet in the world. Iran has been receiving royalties not only on the production of oil, but a share of the profits from the company other world wide operations. To hand over all the proceeds of the oil is neither commercially possible nor would it be acceptable to any oil company. WAS THE 1949 AGREEMENT UNFAIR TO IRAN?
SALT lb 20 RICE Ib. 70 PURE BUTTER Ib. 00 FLOUR GOLD MEDAL Іь. 55 RED BEANS, nice and soft.
Ib. 60 MY BOY POWDERED MILK tra 50 WIRE SPONGES ΕΑ. 35 ISLAND PALM SOAP FENO cake. 00 FENCE STAPLES Ib. 00 HORSE MULE SHOES Іь. 60 CARBIDE 16 00 IRON PLUGS each 25 ELECTRIC CORD 20 yd. 50 CARPENTERS PENCILS each 0, 45 RAT TRAPS, that rid your house of rats each 75 GUN POWDER FFF Dupont Brand Ib. 14. 00 TEA SPOONS, aluminum each 45 PADLOCKS, they actually work.
each 00 PAINTS LA CASA gal. 32. 00 BARBED VIRE, 40 kilo roll each 76. 00 COCOA CUTTERS, foreign DO each 00 BROOMS each 25 BRILLO. LARGE SIZE ALUMINUM FORKS each 30 each 70 ALUMINUM TABLE SPOONS cach 65 NAILS. INCH lb. 00 Visit our Hardware Depr. Thousands of articles at reasonable prices.
Quick, CONTICONS Jervice, always. And Remember. Also, we Give You Honest, Correct Weighi.
The very large payments made by the Company to Iran have formed large part of the Government revenue, but the Company naturally had no say in the way these revenues were spent by the Government.
In its own area, however, the Company has spent very large sums on housing, educational and welfare services, greatly improving living standards.
Under the agreement signed with the Iranian Government in 1949 (but not ratified by the Iranian Parlament. Iran would have received at least 33 million extra covering the years 1947 50, over and above royalties, etc. of 46 million already received. In addition, Iran receives ocher direct financial benefits (duties, taxes etc. which amounted to about 17 million in 1950 alone. These large sums of money have been an important source of revenue to the Iranian Government.
10. WHY DIDN THE COMPANY OFFER 50. 50 PROFIT SHARING, LIKE COMPANIES DID WITH OTHER TERRITORIES LA PROVEEDORA BOX 175 PORT LIMON HAS THE COMPANY OFFERED TO WORK UNDER NATION ALIZATION?
Yes. In order to meet the terms of the nationalization law, the Company proposed that all the oil properties in Iran be vested in a Persian National Oil Company, and in consideration of such vesting the National Oil Company should grant the use of those assets to a new company FOR SALE SECOND HAND RECORDS IN GOOD CONDITION CONSISTING OF GUARACHAS, MAMBOS, SIVING, ETC.
PRICE: 50 EACH WRITE OR SEE BLUE BAR.
Fifty fifty profit sharing arrangements for the Iranian operations only were discussed last year between the Company and the Iranian Government, and is still acceptable to the Company; but the Iranian Government preferred an agreement which gave them royalties on production, as well as a share in the companies world wide operations.
11. ARE THE BRITISH PREPARED TO USE FORCE IN IRAN?
APARTADO 231 PUERTO LIMON.
Britain Foreign Secretary told the House of Commons on June 20: His (Continued on page 8)
REUBEN, ROTHSCHILD, LIMITED PORT LIMON (THE FIRST AS ALIY AYS)
WE ANNOUNCE TO ALL OUR CLIENTS: That we have established the Exportation of RUBBER and that we are ready to receive any quantity.
FOR SALE!
FOR SALE! good FISHING BOAT, size three and a half feet wide by twenty six feet long, with seine and full fishing tackle. Real Money Earning Business FOR MORE PARTICULARS: Call at our office, Room 8 building stema Nacional de Bibliotecas de misterio de Cultura y fenti pf the Roman Catholic Catedral MAKE YOUR SHIPMENTS TO REUCHILD, LIMON THE RUBBER MUST BE OF FIRST. GLALTYDREAM