Anglo-Persian Oil Company.

Oral Answers to Questions — Kenya Colony. – in the House of Commons on 23rd March 1922.

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Photo of Commander Hon. Joseph Kenworthy Commander Hon. Joseph Kenworthy , Kingston upon Hull Central

26.

asked the Prime Minister which Department appoints the directors to the Anglo-Persian Oil Company and is responsible for the instructions given to the representatives of the Government; and which Department do the directors consult when they require instructions on any particular policy?

Photo of Sir Robert Horne Sir Robert Horne , Glasgow Hillhead

The agreement and the articles of association of the company provide for the appointment of two ex-officio directors by the Treasury, one of whom is chosen to represent the Admiralty directly. The ex-officio directors consult the Admiralty or the Treasury, as the case may be, when they require instructions.

Photo of Commander Hon. Joseph Kenworthy Commander Hon. Joseph Kenworthy , Kingston upon Hull Central

Who generally gives instructions to the directors? Do they consult the Admiralty, or the Treasury, or both?

Photo of Sir Robert Horne Sir Robert Horne , Glasgow Hillhead

They consult both, according to the particular question which arises.