'Historical Summary of Events in the Persian Gulf Shaikhdoms and the Sultanate of Muscat and Oman, 1928-1953: Appendices, Genealogical Tables' [‎138r] (62/142)

/§)
259
(ii)
(Paragraph 192)
,rce ^C Notification by the Ruler of Kuwait granting the right of search
for arms, dated May 7.4 1900
K UWa it Be it known to all who see this that British and Persian vessels of war have
permission to search vessels carrying their and our flags in Kuwait territorial
-n , waters and to confiscate all arms and ammunition in them if these arms and
U, and sigi ammunition are intended for Indian or Persian or Kuwait ports. Kuwait vessels
thehoi found in Indian and Persian waters by British and Persian vessels of war suspected
Mgoomoffii to contain arms and ammunition for Indian, Persian and Kuwait ports are liable to
'g to or enip| searched by the said vessels and all such arms and ammunition found in them
is hithertoei will be confiscated,
tances requii
ained in Kiif
fission, andl
APPENDIX O
Banking Agreement between the Ruler of Kuwait and the Imperial Bank
of Iran—1941
(i)
(Paragraph 195)
Agreement, dated December 18 1941
In the Name of God The Merciful.
This is an Agreement made at Kuwait on the 18th day of December in the
jse of sua y ear ^941 corresponding to 29th Dhil Kadah 1360 between His Highness Shaikh
Sir Ahmad al Jabir as Subah, Knight Commander of the Most Eminent Order
of the Indian Empire and Companion of the Most Exalted Order of the Star of
India, the Shaikh of Kuwait in the exercise of his powers as Ruler of Kuwait
on his own behalf of his heirs and successors in whom is or shall be vested for
the time being the responsibility for the control and government of the State
of Kuwait and the Imperial Bank of Iran a Company registered in Great Britain
under the Companies Act, 1929,* its successors and assigns (hereinafter called
" the Bank ").
Article 1.—(a) The Bank is to undertake banking transactions on behalf of
ic that fro: the people of Kuwait on any place abroad.
{romoutsi (b) The Bank should charge a reasonable rate of exchange on drafts,
hey may t The rate of interest chargeable by the Bank should be similar to that
ne ' ruling in Iraq.
Article 2. —The recognised currency will be Indian Rupees Indian silver coin also widely used in the Persian Gulf. , and the basis of
wait PuM 1 ' the Bank's business should be in conformity with this currency.
Dept. Article 3. —Payments to the public should be made in the Indian legal currency,
i.e., Rupees Indian silver coin also widely used in the Persian Gulf. .
Article 4. —When the Bank wishes to export gold and silver coins or bullion
they must obtain permission from the Kuwait Government, giving details of the
shipment, the value, the means of transport and place of destination. Such
permission shall not be unreasonably withheld.
Article 5. —When the Kuwait Government requires for their own use drafts
on India for a reasonable amount, say not exceeding Rupees Indian silver coin also widely used in the Persian Gulf. 1,00,000 a month,
the rate shall be at par. Drafts other than rupees Indian silver coin also widely used in the Persian Gulf. shall not be calculated at a
. rate worse than the best rate ruling that day.
in a Article 6. —If the Kuwait Government requires a loan, not exceeding
Rupees Indian silver coin also widely used in the Persian Gulf. 3 lacs One lakh is equal to one hundred thousand rupees , for a period of six to 12 months the Bank is to undertake to
in ownt oli ; comply with the request. The rate of interest chargeable to be 2 per cent, per
p have ^ annum.
fl P
dsh aIltl ! Note. —It is agreed that this article shall be in abeyance during such time
declar 6 ^ as the United Kingdom is engaged in the present war.
pjtp * The phrase " registered in Great Britain under the Companies Act, 1929 " was subsequently
amended to read "incorporated in Great Britain by Royal Charter, 1889."
[ Kuwait
' to the
nber 1950 ai
the service (
ity (when B
e use of ai
:ivil aircraft