"ملف ٨٢/٢٧ III (F 84) شركة النفط الأنجلو فارسية أ.ب.و.ك: نفط قطر" [و‎‎١‎٩‎١] (٦٣٨/٣٨٣)

3
desiraMlity of informing the Sheikh that the A.P.O.G.
were acting on behalf of the I.P.O. vms also discussed.
It vjas agreed that the Sheikh could have no formal
ground of complaint in this respect in view of Art. 12
of the Commercial Agreement and Sir Louis Kershaw
V — -UL iU . -r -TF - T,.
suggested tnat tue position might suitably "be explained
to him informally by Col. Fowle at a later stage. It
was not anticipated that there would be any difficulty
with the Sheikh on this point.
The meeting then turned to consider the terms of
the draft Government Agreement. Article 1 was
acceptable to the Companies.
Nationality of subsidiary Companies .
Article 3. Mr. Agnew saw great difficulty in the
provision that subsidiary Companies should be registered
in Great Britain since this would involve a liability
for U.K. taxation. Under the constitution of the I.P.C.
its subsidiaries might be of any nationality. He did
not t hi ilk that the French and American groups would
mind subsidiary Companies being registered in Great
Britain except for the fact that this would involve
them in double taxation to which they very naturally
objected. The Shell and the A .P.O.C. cared nothing
themselves for this point since they were in any case
liable to U.K.taxation. Sir Louis Kershaw suggested
that this tax liability might be an additional reason
for the foreign elements in the I.P.C. not wanting to
participate in the concession, but Mr. Agnew said
that the jealousies within the Board of the I .P.C. were
such that there was no prospect of the two British
group s/