'File 10/37 Bahrain Petroleum Company - Dollars' [7r] (15/44)
The record is made up of 1 file (20 folios). It was created in 20 Sep 1948-17 Sep 1949. It was written in English. The original is part of the British Library: India Office The department of the British Government to which the Government of India reported between 1858 and 1947. The successor to the Court of Directors. Records and Private Papers Documents collected in a private capacity. .
Transcription
This transcription is created automatically. It may contain errors.
rOMFID^KTIAL .
S .O.IIo .C /n -252.
POLITICAL
AGENCY
An office of the East India Company and, later, of the British Raj, headed by an agent.
,
BAHRAIN,
Dated 1st December, 1948.
Dear Sir Rupert
I have had some discussion tflth Belgrave end
Russell Brown on the point raised in your semi-official
letter No.(2/44/48), dated the 17th November, 1948, about
the dollar earnings snd requirements of the Bahrain
Petroleum Company.
2, Delgrave has no Idea as to what the position is
in this matter.
3, Russell Brown contributed something to the question
though,like the Treasury memorandum, he did not paint the
whole picture. He said that all dollar earnings of
Bapco had to be accounted for to the Treasury (I.e. the
Bank of England) and that they are only released for
payments on account of overhead expenses in the York
office and for "transportation". (Why dollars should
be made available for the purchase of motor vehicles
he did not know). He could not say whether the company's
dollar requirements exceeded its dollar earnings.
4, I do not understand the sentence in the memorandum
you refer to which begins "since its dollar requirements
far exceed its dollar earnings "• 1 have always
understood it to >e axiomatic that oil is an international
value of the very highest order and that, however accountancy
may disguise it, it is ultimately exchangeable for dollars
in any part of the world. If this is true, it sefms to
put the statement of the case in the memorandum In a dif
ferent light to that in which it first appears.
For
His Excellency Sir Rupert Hay, KCIE, CSI,
Political Resident
A senior ranking political representative (equivalent to a Consul General) from the diplomatic corps of the Government of India or one of its subordinate provincial governments, in charge of a Political Residency.
,
Persian Gulf
The historical term used to describe the body of water between the Arabian Peninsula and Iran.
,
BAHRAIN.
About this item
- Content
The file contains correspondence between the Political Agent A mid-ranking political representative (equivalent to a Consul) from the diplomatic corps of the Government of India or one of its subordinate provincial governments, in charge of a Political Agency. in Bahrain, the Political Resident A senior ranking political representative (equivalent to a Consul General) from the diplomatic corps of the Government of India or one of its subordinate provincial governments, in charge of a Political Residency. in Bushire and representatives of the Bahrain Petroleum Company Limited (BAPCO) on transaction in dollars for BAPCO oil.
There is an index at the end of the file (folio 19).
- Extent and format
- 1 file (20 folios)
- Arrangement
The documents in the file are arranged in chronological order. There is an index at the end of the file (folio 19). The index is arranged chronologically and refers to documents within the file; it gives brief description of the correspondence with a reference number which refers back to that correspondence in the file.
- Physical characteristics
The foliation is written in pencil in the top right corner, begins on number 1, on the first letter, and runs through to 21, ending on the inside of the back cover of the file.
- Written in
- English in Latin script View the complete information for this record
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'File 10/37 Bahrain Petroleum Company - Dollars' [7r] (15/44), British Library: India Office Records and Private Papers, IOR/R/15/2/460, in Qatar Digital Library <https://www.qdl.qa/archive/81055/vdc_100023442566.0x000010> [accessed 25 April 2024]
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Copyright: How to use this content
- Reference
- IOR/R/15/2/460
- Title
- 'File 10/37 Bahrain Petroleum Company - Dollars'
- Pages
- front, front-i, 1r:20v, back-i, back
- Author
- East India Company, the Board of Control, the India Office, or other British Government Department
- Usage terms
- Open Government Licence