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Public capital in Latin America reaches £80 million
Royal Navy was occassionally required to secure free trade treaties in Peru and Chile -
Russia encroaches into the north of China with the Trans-Siberian Railwayu
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Anglo-Iranian Oil Company buys rights to Iran's oil
sUpports the idea that economic agreements helped bring countries into Britain's sphere of influence. A British business had bought the rights for the entire Iranian tobacco industry 10 years previously.