New-York tribune., 1918-01-25
Railroads i'm India
To Burn Fuel Oil
Anglo-Persian Co. Secures
Large Contracts-Will
Increase Capital

The oil producing industry of Persia
continues to make progress, according
to advices from the American Con-
sulate in London.
Contracts have been obtained bv the
Anglo-Persian Oil Company for 12.-
100000 to 100000 tons Of fuel oil
and other products. The concern thus
has a certainty Of profits for some
years. regardless of the prices at which
i; d!sposes Of its gasolene and kerosene.
Inc government of India has decided
after experiments with oil to utilize
it to a large extent in place Of coal
on Its railroads in its western section.
inns Is expected to result in a saving
OF tonnage, as oil is said to be twice
as effective as coal for locomotives.
while time will be saved, inasmuch as
the period of transit from the Persian
Gult TO the west coast of India is only
hiteen days, as against thirty days
occupied In carrying coal from Bengal.
1t IS understood that similar action is
probable on the Mcsopotamian rail-
roads.
Distributing Companies Absorbed
The purchase by this company of the
shares OF the German concerns known
as the British Petroleum Company. tho
lomellght Oil Company and the Pc
'roleum Steamship Company, recently
maze, Will, 1T is asserted, eventually
prove valuable. The first two are dis
.rioutlng companies, and in the sale of
the gasolene and kerosene products of
the company the proportion of profits
winch otherwise would 90 to intermedi
aries will be saved.
me present production of gasolene
Dy the Anglo-Persian Oil Comnanv
reaches 10000 tons per annum. but nj.
timately. when certai n extensions have
neen completed, it is estimated that Il
VIII amount to 100000 or 10000 tons
annually: The pre-war trade Of the
Inlted hingdom in this product was
iess IMAM 100000 tons, but the increase
IN motor transportation that is practi-
cally certain to ensue after the conc,,,-
SION OF the war in the United Kingdom
ana IN Europe generally, as we'll as de-
,yelopmehtS In aviation. will, it is firm
~ belleVed, greatly increase the use of
Sasolene III European countries.
IIeids Promise Rich Production
1t is now stated that the oil fields
mat are being developed and tested bv
me Ine producing companies of the Anglo.
ierslah Oll Company are among the
most extensive and prolific in the
wofld: II rehneries existed to deal with
me on, the field from which crude is
nH,, now Delng dng ooo Obtained would produce
ABOUT 100000 tons annually. Most of
me wells. however. have to be kept shut
thN gown , i9r want Of facilities to refine
tne crude oil. Some idea of the rich
ness Of this field is given by the state
inent that the present obtainablc pro-
duction exceeds that Of the whole Rn.
manlan and Galician oil fields before
the war; e4oic
ne capital OF the company amounts
60 5000, 900 S29. .199 ,Oo0). Of wh;ch
1,2,ooo,ooo s9,733, ,oo0) consists Of de.
benture stock and the remainder &c
preference and ordinary sharaS ~ ~
ta tnis total capital, So 200 900 (S1o 7oS
., oool IS held by the British government
lnat sum representing the amount tha
so'e'n."en' IN l9l4 agreed to provide.
10 Issue Additional Shares
IN order to provide funds to carrr
Out additional extensions and othar
necessary work, further ;ss,o o.'ef
100000 lS4,S66.50 preferences sh.,os ~
Is 10 be made Immediately, thus in
creasing the total capital to s34 oe5
oeo. by an alteration in the articles
OF ASSOCIATION of the company. the vot.
my powers OF the ordinary and nref-
erence shares have undergone chanoa
the effect OF which is to maintain ths
majority OF votes held by the govern.
'nent Notwithstanding the lower nro.
FortiQn OF The total capital thus held
ne company now owns TWENTY-FIVE
vessels of total deadweight capacitv
OIL l"o.9lo tons. .ncluding the nine toni
ers OF the Petroleum Steamship Com
pany that We're recently purchased In
addition there are other nine tankers
or 1850 tons deadweight CAPACITY
winch are being managed, thus provid.
ing total feet of thirty one vessels Of
Ioo'4lo tons. Additional tonnage viii