Note 24 — Front matter (continued 2)

The Anglo-Persian will subscribe 45 per cent., France 55 per cent. of the capital of each of these companies. The Agreement of October 27, 1920, was the occasion of very sharp attacks from certain short-sighted members of the House of Commons, who did not understand that the British Government was about to lay hands, in concert with the Royal Dutch, upon the oil wealth of France, and reproached the Government with dispersing its efforts.