ملف 10/1 VIII امتياز نفط البحرين [و‎‎١‎٥‎٠] (٥٥٥/٣٢٧)

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information as "to ths action which haci bysn t&Ken in the
matter wouia he of value to the Company and was all that
they wanted to know for the moment.
4. Mining Lease desiderata . I informed
Mr. Ballantyne that we hoped to he in a position to
aiscuss next week the Company's reply on the question of
our Mining Lease desiderata. I had not yet received the
comments of the Petroleum Department, hut might perhaps
mention that one of the most important points on which our
requirements were unsatisfied appeared to he that of
commercial exploitable Quantity. He was aware of the
importance attached to this point hy the sheikh.
5- Mr. Ballantyne sale that he thought the Company
had gone a long way to meet any reasonable demands on this
question in their reply regarding the Sheikh's Mining Lease
desiderata and that if they started production without
further delay that was all that he could reasonably
require. I said that I did not think that that was the
case and that, while any remarks I might make must be
the
regarded as wholly provisional pending receipt of/advice
of the Petroleum Department, I doubted if the advance
represented by the amended Lease would really meet the
Sheikh's point. It was quite true that tne sheikh, under
the amended Lease woula be entitled to a minimum royalty
of Rs.30,000 throughout. But Mr. Ballantyne would agree
that that figure had been granted by the Company as
consideration for an extension of the prospecting licence
and was something quite separate from the payments which
the sheikh might expect to receive under tne Mining Lease.
The original Lease had contemplated a not unimportant
^crease in minimum, royalty payments on the Mining Lease
being/