THE OIL OUTLOOK.
the 'present Chairman and successor to Lord Greenway; of the Anglo-Persian Oil Company was again apparent at the annual meeting, held last Wednesday, when Sir John Cadman, pointed out that the cut in prices of petroleum, if maintained; must materially affect the company's profits in the coming The conservative tone which is adopted by the Chairmen year, even to the point of a lower dividend on the Ordinary. Actual developments on the company's properties continue to be satisfactory, and, as was recently demonstrated in the annual Report dealt with in these columns, the financial position of the company is highly satisfactory. Whether the present policy of over-production and price-cutting in the United States will shortly give place to any plan of co-operation, between the great producers, with a view to mutual interests; remains to be seen, but in the meantime Sir John Cadman's
Previous page
