Russian Oil Purchases.

Oral Answers to Questions — Trade and Commerce. – in the House of Commons on 27th July 1927.

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Photo of Mr Albert Alexander Mr Albert Alexander , Sheffield, Hillsborough

59.

asked the Financial Secretary to the Treasury whether the oil purchased by the Shell Transport and Trading Company, Limited, from, the Soviet Government at the request of His Majesty's Government was sold by the company to His Majesty's Government; and, if so, what amount was paid for this oil by His Majesty's Government to the Shell Transport and Trading Company, or, alternatively, whether His Majesty's Government paid the company a buying commission?

Photo of Mr Ronald McNeill Mr Ronald McNeill , Canterbury

I understand that at the time of the Trade Agreement with the Soviet Government in 1921 a verbal request to the effect mentioned in the question was made to the Shell Company. Any purchases made in pursuance of this request were not made on behalf of the Government, and none of the oil was sold by the company to His Majesty's Government. The remaining parts of the question, therefore, do not arise.