London, April 19.
The "Times" states that the drop in price of 10 shillings in the shares of the ish Borneo Petroleum Syndicate is attributed to the report that Anglo-Persian oil interests had intimated that they did not intend to proceed with experimental and development work on the Syndicate's lands. It is unofficially stated that, while tests revealed the presence of a certain amount of oil, the indications were not sufficiently promising to induce the development Company to continue.—Reuter.
Text read from the printed page and cleaned; old type leaves the occasional error.