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THE CHINA MAIL, MONDAY, MAY 21, 1951.
PERSIAN
OIL WEALTH
THERE'S ONE CHAP WHO GETS NOTHING OUT OF IT
Walk Capright. My arrangement with Body Herald.
£700,000 A
YEAR
Persia Without
P
Anglo-Iranian
London.
main By
ROBABLY the
'trouble in Teheran is
that not enough Pér- DAVID sian politicians have ever TEMPLE
Koen the refineries of "
Abadan. The climate in the
south is bad and Teheranis ROBERTS
have always regarded
these southern provinces
1938 the royalties cheque to the Persian, Government was £3,307,000. Eleven, years later, in 1949, it was 13,489,000. Whereas the royalty payment had in- creased by four times, the crude oil production had risen by only two and a half times.
recently acquired, as time of crude oil for some years is reckoned, in Persian his- from existing wells. It is
The Anglo-Iranian Com- tory — as barbarian and possible, though difficult, to pany has been prepared to forbidding. Few of them, imagine that some Persian go much further with the therefore, have ever seen engineers and geologists Persian Government. But the largest refinery in the might succeed in further oil one unfortunate Persian world employing 36,000 Per- prospecting within the con- Minister of Finance, who sians in the midst of a vir- cession areas. What is hard showed suflicient courage tual wilderness.
to imagine is that one of to tell the Majlis squarely the largest single chemical about Anglo-Iranian royalty If nationalization means
engineering plants in the offers, was hounded out of world could be kept running. oflice, branded as a traitor the seizure of the complete
and denounced' ́as "in the installations of the Anglo-
More significant is that pay of foreignera.” Iranian then the refinery Persia -- and Iraq if she fol- will come to a virtual stand- lowed the same course → In these circumstances, still. As a result the com- would soon lose contact with the late Prime Minister, Ali pany will seek oilfields to the world-wide marketing Razmara, could hardly be exploit in other parts of the organisation. The Anglo- expected to reveal that the world but probably not in Iranian Company is explor- company had proposed a the Middle East.
ing for oil in Papua, scheme for profit-sharing Trinidad, India, Pakistan, on a fifty-fifty basis. This
Zealand
West acheme and The loss to Persia will be New
discussed twofold. First, they will Africa. Its sales organisa. privately, two years ago, lose royalties directly paid tion will be switched to by Government to the Persian state which receiving the output of pany negotiators. you want, It is said that pranmounted last year to an these new sources as well
The increased il bring out revolution estimated £16 million, even as the already tapped out.
royalty in India would be the restrie- under the old agreement, put of Iraq and Kuwait.
payments from the Com- tion on the free sale of gold and Under the new agreement.
pany to the Government which has been offered to The Persian Government were intended to finance n Persin the minimum royalty certainly cannot complain large proportion of the the Anglo-Iranian Government's Seven-year would be £22 million on the that production of twenty-five Company has disregarded Plan. One of the schemes. million tons. Actually the the needs of Persia. In was to form an Iranian Oil A middle-class bridegroom is royalty would be higher be- expreted to give his bride at cause the company's produc
ation is now in the order of least ten ounces of gold us wedding
present-and nimost thirty-two million tons of Indian changes part of every
-AND TAX FREE
By
NEW DELHI.
RECIOUS stones and gold worth the ransom of practically all the kings now reigning are to be sold. This gold and these precious stones fabulous hoards of the Nizam of Hyderabad.
are
Alwyn Tebbitt
to give as wedding presents worth a mere £1,000,000! all the jewellery has now been moved to a punk in Bombay.
tically the
iver.
which
It must be understood that gold plays a vitally important art in the everyday life of all Indians, as does silver,
The Nizam, who is 64 years. the
of age, has been unloading his personal possessions ever since
India took over the State of
Hyderabad In the year 1948. Most of the Nizam's eight thou sand square miles of land has re- verted to the State.
The actual value of the treasure, which has been collected for centuries by previous rulers of Hydera bad, is not known, as it has
Only last year he founded an never been properly valued, £11,000,000 trust — comprising but it was unofficially esti- -half of his ready cash and bonds mated as recently as last for his son, the Prince year to be in the neighbour- Berar, and his other near
latives. hood of £27,000,000.
Twenty-seven million pounds sterling! The jewels alone, mainly diamonds and emeralds and rubies, are said
Nizam Of Hyderabad
to be worth no less than £8,000,000. This collection of jewels includes the famous
his
The are
of
re
monthly salary into gold, crude oil.
poorer peasants of Indla forced to buy silver in stead
of gold. but nearly everyone buys one or other of the precious metals.
Because
of
•
the
the enormous
But that is only part of the loss to Persian economy: the Anglo-Iranian company employs a total of about When the Nizam's jewels and quantities of valuable stones in- 70,000 Persians throughout it is certain that we the country about half of his gold have been sold the folved
of Hyderabad's collecthem in the south. Its money oblained from the Nizam transaction is to be invested in tion of jewels, will be sold
salary and expenses bill is slowly in order 10 nvold Government of India securities affecting world market prices. something approaching £20
on trust for his grandchildren. The Nizam of Hyderabad will then have to struggle along on his £12,000,000 bank balance and his income of £700,000 a year tax free from the Indian. Government!
million per annum.
The sale of the gold belung- ing to him will be made through the Reserve Bank of It is not vanity to con- India, which is India's equiva-sider that the seizure of Jon to the Fank of England.
Anglo-Iranian and, the de-
millions
twenty-four
-meet-fash
The Nizam's treasurts, rival-parture of British manage- ling those of any potentate Inment would virtually close the Arabian Nights Entertain-down the Company's opera- The Nizam's living costs, ex- inent, will then have been dis-tions in Persia which pro cluding the upkeep of his
persed-except. for the few. palaces, comes to only seven-persu
about that he has duced shillings and sixpence a day, stray
probably forgotten to put on million tons of refined spirit "Let's μιαν soldiers. spends most of his day
Bang personal pro-last year. It is possible that
you're deposed. writing Arabic poetry, drink-
Nowo what shali ing tea and smoking cigarettes, perly, a list which he has spent the Persians could continue two years in compiling for the
play 7 The cigarettes cost the sum of
Government of India.
to acquire large quantities one penny for ten,
He
Most of the immense Hydera- bad hoard of jewels and gold wag collected through a system which was started some hun- dreds of years ago by one the earliest rulers.
of
If anyone wanted an interview with this bygone ruler he had tu take with him a jewel or 11 piece of gold, of a value corres- panding to his wealth and his social status. This practice was carried on by the present Nizam, although be reduced the "fee" for poor people.
The father of the present Nizam of Hyderabad believed i ostentation. He had all the doo: knobs in the palace made of gold and caused each of them to be set with a large jewel. The present Nizam had all the door- knobs changed for brass and the #ld added to his personal treasury,
the list of his
The Astonishing Case of General Dempsey
ዝዕ
Was
and Com-
Company to prospect for oil joutside the area of Anglo- Iranian's concession. The new company, which is totally under Iranian direc- tion, has engaged' foreign expertsbut it will be short of capital. without ald from the Anglo-Iranian: subsidies. Nevertheless, the existence of this national oil company and its appre- ciation of the difficulties in prospecting for
oil have the probably encouraged demand for tion" of Anglo-Iranian as a way of taking over existing Lassets.
SO THE PROTECTION OF
BRITAIN IS A JOB TO BE
SHARED WITH THE TOTE!
TOW quaint, how econo- Day, of which you and I might round hole on Mr. Shinwell's
Homical, how wonderfully Day in en verse
British to make the chair- He would deploy all troops manship of Mr Shinwell's left over
new commitice, But I doubt whether the people of Britain. от the Americans ог the
for the defence of Russians, will be greatly im
brand new Commanders-in- Britain after the War Omee Chief (United Kingdom) had fulfilled its obligations to Once, in the days of the pre-Committee a part-time, une. General Elsenhower in Western rent Nizam's father, a large day-a-week affair.
Europe. bullock cart arrived at the palace. It was loaded with bars was no
18-carat Jacob Diamond. of silver. As there
Some few years ago a firm room in the treasury for this rich freight the old ruler told of British jewellers was ap the driver of the bullock cart proached by the Nizam of to leave his vehlelo in the Hyderabad and asked to palace yard, make a valuation, but after It stayed there
a representative of this firm than twenty years!
for no les And
it
of jewellers had seen the stayed there all that time, with quantity of precious stones the silver bara still on it! to be valued he asked for a
In the course of time a small fee of £10,000 and the tree grew up through the rut
ting wood of the bullock cart, Nizam refused.*
tho Immediately Another jeweller offered Nizam of Hyderabad came to present to give the Nizam of the throne he had an extension Hyderabad tho sum of built to the treasury for the £2,000 just for the privilege purpose of holding the silver,
For General Sir Miles Demp- sey, who left the Army in 1947, has agreed-for an honorarium
-to take time off each week from his duties as chairman of The Racecourse Betting Control
and Board (to you Tote)
me, the and a directorship of a Reading brewery.
as
pressed by this new idea of Dempsey the part time generalissimo.
He would deal with such sea made, is again, no criticism of Point No. 2, which must be
the cr airborne landings
General Dempsey Russians
personally. could contrive on
But one may fairly ask how United Kingdom soil.
hard the War Office looked down the active list of generals stil! serving in the Army for a mau for this key position,
His duty ITTING with film at the council table; under his chairmanship, will be the
full-time Commander
Navy's
This is the second time in three years Field Marshal Silm's recall from British Rall- ways was the first — that a A.O.C.-In-C1, retired officer engaged in re- munerative civilian employment
His new job is to supervise the wartime defence arrange in-Chief, Home Station, and
full-time ments of the sceptred isle, the the fortress built but inadequate Fighter Command. ly defended by nature for ler-.
self against aggression.
Make no mistake about Miles has been asked back to tako Dempsey. At 54, he is one of up one of the Army's few the finest ex-commanders that peace-time plum appointments. over led a British army in war,
limelight that Was
Mont-
It's bad".
THIS is a new and thoroughly bad Practice, It La #
"nationalisa-
It is difficult to believe that FL Persian national enterprise in oil will be any more successful or efficient than the Persian--state- owned railway system or the state-owned tobacco plantation, or the sugar refineries..
ARISE, SIR MILES ..
GENERAL DEMPSEY he became Sir Miles In 1944, near Nijmegen, in Holland.
The King was visiting Montgomery's head .quarters at the time; he
called for a sword, and · dubbed Dempery in a field,,
If war came... of looking at the collectioni, In India, gold and silver can BRIEFLY, if war come in the He never sought (or got) the
next few years,
General The jeweller was permitted be bought like butter or cheese Dempsey would do the Job gomery's. to view the collection--and in ather countries. No surprise which General Faget did eight
would be caused if anyone went years ago as Commander-in- his
He never tried to browbeat wretched compliment to the in recognising its first mistako fainted when he saw it.
superiors. Into a shop and naked for
He did his dozens of first-rate generals who and rectifying it, the Army is Chief, Home Forces.
duty, In North Africa, Sielly, loyalty stuck to their humdrum Except for a few small pound of gold or silver,
and North-West Europe. Lots posts when the army hit the making a second, shillings on Hq would be the first of his eckiiers hardly knew him postwar doldrums pieces which the. Nizam Silver costa six
ounce and gold costs £16 on caramander-in-chief wishes to keep for core ounce the most expensive in the new divisions
all by sight. All trusted him.
Most of us were astonished monial purposes, and some the world. But if you have the brought to operational readi- Dempsey, full-time, could be that the, Army, ever let General other plocos. which he wants money you can buy as much as nets after M (for Mobilisation) very much a round ́peg in a Sir Milda Dempeny go. Now
2
be
There are a frid we, may,.be. for it other good. thankful scherals besides General Tote. London Expresa Karvíce.)