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...covered by simply reaffirming the Italo-British Gentlemen's Agreement of Jan. 2, 1937. 4) Unexpectedly Italy mentioned Ethiopia's famed Lake Tana by name, affirmed that she will respect British interest in having this great lake remain the source of the Blue Nile, which waters the Anglo-Egyptian Sudan. This was to set at rest popular British fears of several years' duration that the Italians might by gigantic blasting and hydraulic operations cause the overflow of Lake Tana to water Ethiopian lands instead of Egyptian...

Author: /time Magazine | Title: Foreign News: Peace in Rome | 4/25/1938 | See Source »

First real shock to reach Downing Street from Teheran was arbitrary cancellation of the Anglo-Persian Oil Co. concession scheduled to run until 1961. Surprised British statesmen, suddenly realizing that protection of this oil lease would involve great military effort and huge expenditures, ended by negotiating. Anglo-Persian's basic holdings were enormously decreased and the Shah obtained increased royalties which were promptly earmarked for the army. This highly successful instrument of national freedom, now 100,000 strong, still receives its daily orders from His Imperial Majesty...

Author: /time Magazine | Title: IRAN: 20th-Century Darius | 4/25/1938 | See Source »

Forgotten Men. This spring Anglo-Iranian Oil Co. operators began to report they were unable to buy vegetables for their staffs. Other meats not available, chicken reached price levels reminiscent of early oil-rush days. Eggs were soon unobtainable. No Anglo-Iranian Oil Co. employe suffers unduly from this lack of foodstuffs, for the rich concern, having profited from cash sales of oil to warring Italy three years ago, can import vast quantities of canned foods...

Author: /time Magazine | Title: IRAN: 20th-Century Darius | 4/25/1938 | See Source »

...British. Fear of Mussolini has of late become real in Egypt and the main declaration of Farouk's message was to place Egypt squarely behind Prime Minister Chamberlain and the British-Italian pact signed last week in Rome (see p. 16). Egyptian delegates attended the Rome conferences. "The Anglo-Italian agreement," declared Farouk, "is the surest guarantee of peace...

Author: /time Magazine | Title: EGYPT: Surest Guarantee | 4/25/1938 | See Source »

...Augur it has remained. In 14 years that by-line has come to mean as much as 22K inside a ring. Last week Vladimir Poliakoff chalked up the latest of a long series of coups: a clean scoop in the London Evening Standard on a draft of the coming Anglo-Italian treaty (see p. 22). Next morning's august London Times, which usually ignores lesser publications, had to eat humble pie by virtually lifting Augur's account. What made the pie harder to swallow was the fact that Poliakoff served the Times twelve of his 20 journalistic years...

Author: /time Magazine | Title: Press: Augur | 4/18/1938 | See Source »

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