Proposed agreement with the Anglo-Persian oil company, for the Government to subscribe capital to the company in return for an oil supply contract. Includes: covering memorandum by WSC [First Lord of the Admiralty], explanatory Admiralty memorandum, extracts from speeches by WSC on oil fuel, Mar 1913 and Mar 1914; report of the Admiralty commission on the Persian Oilfields [later Iran]; and the covering letter from the Treasury on the draft financial agreement. [Printed for circulation to the Cabinet].