Note 22 — Chapter VI · THE ROMANCE OF DESIGN
Reading edition
An approximate estimate of the return obtained by His Majesty’s Government on their original investment of £2,200,000, in the Anglo-Persian Oil Co., Ltd.:
(1) The original Government investment of £2,200,000 in £1 Ordinary Shares has become one of 5 million shares, and the appreciation in value of these at current prices represent approximately some £16,000,000
(2) The Government has received in dividends, interest, Income Tax, Excess Profits, Duty and Corporation Tax, over 6,500,000
(3) The supply contract has enabled the Government Departments to save on the purchase price of oil as compared with current prices, about 7,500,000
(4) It may also be claimed that the prices of oil supplied by other companies have been brought down by the competition of the Anglo-Persian Company, though to what extent must be a matter of opinion: and further, that the saving on oil prices under the supply contract may be expected to continue throughout the currency of the contract. It would not be unfair to estimate the effect of the last two factors at an additional 10,000,000
Total £40,000,000