asked the Parliamentary Secretary to the Admiralty whether, seeing that the Government secured an economy of 7½ millions to the Navy during the period of the War by its control over the Anglo-Persian Oil Company, he will say whether he has secured specially favourable terms for the future?

The contract entered into in 1914 between the Admiralty and the Anglo-Persian Oil Company provided for supplies over a long period ahead, and not merely far the period of the War.