Page:Longines Chronicles with Lord John Wilmot 1951 ARC-96117.ogv/28

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Huie
Well the statement was made by General Hurley, I believe, here last week that one of the things that that contract calls for is about 20% profit per year, and that the profit perhaps has been a little high, the reason you have so much trouble in Iran today, or that we have--

Wilmot
I'm afraid the General has it wrong. The 20% is what the Iranians get out of it, and they get 20% on top of the royalties, they get 20% of the total profits of the company although those profits arise very largely from trading all over the world. And this agreement with the Anglo-Iranian Oil Company has meant immense benefits for the people of Iran, and it's a tragedy that this thing should have been torn up in the way that it has.