ملف 10/1 VIII امتياز نفط البحرين [و‎‎١‎٦‎٠] (٥٥٥/٣٤٧)

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quant iuies, tli8,t oil has been discovered in "commercially
exploitable quantities". m seeking to secure exemption from
taxes and cusuoms duties for a period of 10 years from the date
of the lease the Company appears to be trying to secure a
substantial new concession.
I g is no g suggested that this should necessarily be
tuined down, but it will be a useful counter in the bargaining
on cei tain points where tlie Company has not yet met our desires.
Article IY . /Thenumbering ofthis Article has not been altered
in the copy furnished to the Petroleum Department./
The second paragraph has been redrafted (see Eider C page
3) and subject to the addition of the words "arising in Bahrein"
after the word "cause" in line 2 of the new paragraph, this
might be accepted.
Article Y . No comment by the Petroleum Department.
This article contains on page 4 the new paragraph as to
jurisdiction over dbreigners to which reference is made above on
page 1.
Article YE . No comment by Petroleum Department.
Articles 1/11 and YIII . It will be convenient to discuss these
two Articles together, as they' deal with the question of royalty
payments.
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In these Articles, as revised, the Company has made
provision intended to meet our requirements set out in A 2,
( measurement and accounts ) , B (old Article III) (j. 0 y a I"fcrv r on a II
oil -produced ) . and B (old Article YIII) on natural gas
and casinghead gasolin e) of the schedule of amendments.
The following comments arise on these points:-
(a) Measurement ani Accounts : The clauses which have been
inserted are those which were accepted 'in the Supplementary
Agreement of 15th February, 1933.
(b) Boyalty on all oil produced;
The Petroleum Department suggested that the only oil
which/