in a High Commissioner, in commenting on this offer The despatch to the Secretary of State dated 24th February last, remarked:- "It will be observed that the offer represents a substantial reduction in present prices, but it does not in my opinion constitute an acceptable basis for the determination of oil prices. In view of the arguments adduced by the Board, I am not prepared to admit the Companies' contention that war time freights and insurances have any place in such determination. Indeed, the Companies appear themselves to realise the weakness of the position as, after first asserting a principle, they proceed to make proposals which constitute a wide departure from it on the ground that its strict enforcement would cause undue hardship to the Palestine consumer.
- Collection ID
- CAB71
- Document Reference
- CAB 71/4/49
- Document Types
- Memorandum Statistical Publication Correspondence
- File Reference
- CAB 71/4
- Former Department Reference
- LP(41) 122
- Identifier
- 10.1080/wtss.cab71.000004.049
- Keywords
- British Economy Cost of Living Diesel Fuel Imports Occupation of France Oil Overseas Trade Petrol Prices Refineries Statistics
- Language
- English
- Locations Discussed
- Argentina France Haifa Iraq New York Palestine United States of America Venezuela
- Organizations Discussed
- Lord President's Committee Palestine War Supply Board Petroleum Department
- Pages
- 9
- Published in
- United Kingdom
- Series
- Papers Nos. 76(41) - 158(41)
- Themes
- Rationing Supply Fuel Utilities
