Business & Finance: Royal Squeeze

Once he makes up his mind Persia's sharp-nosed "King of Kings," Reza Shah Pahlevi. is a tiger for action. Last week he sprang on Anglo-Persian Oil Co. Ltd., stock control of which is held by the Government of Britain's King George V, no tiger. In Teheran, with Reza Shah Pahlevi presiding, the Persian Cabinet denounced and cancelled Anglo-Persian's concession to exploit 500,000 sq. mi. of Persian oil land which was to have run until 1961.

"Rejoice!" exhorted a special edition of Teheran's evening Ettelaat. "The last foothold of foreigners has been removed! Indeed,...

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