Teheran, May 1.
The terms were published to-day of the new agreement between the Persian Government. and the Anglo-
Ienthy dispute arising from Per-sin's. unilateral cancellation of the D'Avey Concession, The new concession permits the company'to work approximately halt their original ground in south-west Persia and stipulates that the com-Yany shall give up all those portions which cannot be worked: by 1938, when the total shall not exceed 100, 000 square miles.
Under the agreement, the company will not have the exclusive right to instal pipe lines, The company will pay Per fifth of its net profits as a royalty of four gold shillings ton on all oil produced. - In the event falling, the company will exchange fe Persia for the loss on
The new concession will run for sixty years, after which Persia will claim all the company's effects.
The company also agrees to engage Persians as far as possi and to pay a sum of £100,000 a year for the education of students proceeding to England to study en-
Tu addition, the Persian Govern.
have the right to cancel ieession if the company wishes to liquidate, or fails to carry out the terms of the agreement, Such cancellation, however, Jest to: two years" notice.
"The agreement was signed to-day the presence of the Persian. Minittern_ of Foreign_Affair,-Finance and. Justice, and' Sir John' Cadman, rman ofthe company. Pre: Viously' the Council of Ministers had Approved the grant of the new concenion—Renter. apprehension ment which, id, seemed as, it would micst.serlonry prejudice the duties imposed az a result of the Ottawa Conference and the re-not been consulted before the agreement was made, 'Mr, Runciman said that, if the motion submitted by Sir' Austen Chamberlain were adopted, it would lo for the Government to continue trade negotiations. claimed he had made a good bargain fand said that, if the House did not Tike if, then they must get someone else to bargain for them.
Sir Austen Chamberlain's motion was put before the House and was. rejected by 269 votes to 80.
Mr. Runciman's resolution to re-duco duties affected by the Anglo-'German trade agreement was adopted by 286 votes to 38.—Reuter, Denmark and Sweden London, May 2.
Answering a number of questions regardings trade negotiations, fgotinted and projected, the President St the Board of Trade, Mr. Walter Runciman, in the House of Com-had mons to-day, said that the text the agreement with Sweden was ing prepared for early signature.
agreement with Denmark, inid before the House last week, would, he estimated, result annal increase of British exports to Denmark of about £1,200,000, representing an increase in employment fof nearly 6,000 persons.
Detailed negotiations with Finland would begin on May 23.
When the general trade negotia. tions with the German Government Were opened, probably after the! World "Economic Conference, the: question of German duties on British Cotton yarns would be raised.
Mr. Runciman stated that he re-Jeently discussed with the Japanese Ambassador the question of Japanese, competition with Butiah goods he world markets and asked him to put certain suggestions before his Government. Br. Runciman promised to make a' statement on this subject in the near future—Wire-Tess through Reuter.
Text read from the printed page and cleaned; old type leaves the occasional error.