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'File 86/1 VI (D 97) Kuwait Oil' [‎118r] (256/486)

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The record is made up of 1 volume (242 folios). It was created in 7 Feb 1934-30 Apr 1934. It was written in English and Arabic. 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. .

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must, lie said, offer a reasonable figure, or he would have
none of them. There were one or two other small items which
he wished to get altered in the Draft Agreement, hut these
were unimportant as compared with the !t lump sum 1 * on signature.
6 # The same evening I suggested to Chisholm and Holmes
that they migjit, instead of heating about the bush with the
Shaikh, ask him point blank v/iiat he wanted and thought a fit
fi^oire for them to offer , as if the^ could get that, it would
be a distinct advance, on what was happening, and they could
then start beating him down to a reasonable figure.
7. They took my advice on Saturday, IDth March, and the
Shaikh promised to give thou his figures later.
8. Yesterday, 13th March, the Shaikh sent for Llohamed
Yatim and handed him a sheet of paper for delivery to Holmes
and Ghisholm containing his terms. These were as follows:
(a) Initial payment, Rs»550,000/- instead of Rs.200,000/-
offered by Coy.
(b) Rental Rs.120,000/- instead of Rs.65,000/-
(c) Royalty Rs. 3/12/- " n Rs.B/l0/- Tt "
(with minimum payment of Rs. 250,000/- insteaa
of Company's Rs.200,000)
(d) Sxport Tax of 5 annas instead of 2 annas offered by Company,
te) Shaikh to have a Local Representative to deal with
Company's Representatives in Kuwait;
(f) Shaikh to have a Representative on Board in London.
9 # During a few minutes conversation which I later
had with Holmes, I gathered that the Rs.3/12/- Royalty and
the 5 annas Slxport Tax was the thing that frightened him most
about the Shaikh's figures. It y /ould be quite impossible, he
said, for the Company to accept the Shaikl^s figures, as i^
agreed to, it would prevent any Oil being marketable. Both
he and Ghisholm (who later joined us) seemed rather pleased
than otherwise to get the Shaikh's figures. They seemed to
feel that they had something to start on atlaast. They, of
course, intend to bargain downwards.
10o I myself think the main thing that now counts is the
initial/

About this item

Content

The correspondence in the volume relates to three main areas of discussion:

The volume also contains file notes (folios 220-225) which list each individual item of correspondence received and its date.

Extent and format
1 volume (242 folios)
Arrangement

The contents of this volume have been arranged in chronological order.

At the back of the file are several folios of file notes (folios 220-225) which list each item of correspondence in the volume, with dates, and provides folio numbers (described as page numbers in the notes) in the margin to enable them to be used as an index.

Physical characteristics

Foliation: The volume is foliated with pencil numbers, enclosed in a circle, located in the top right corner of the recto The front of a sheet of paper or leaf, often abbreviated to 'r'. of each folio. The foliation sequence runs from front to back covers. There is an earlier foliation sequence which uses uncircled numbers in the top right corner of each recto The front of a sheet of paper or leaf, often abbreviated to 'r'. and runs intermittently from folios 2-30. The following foliation anomalies occur: 1A-1E, 16A, 27A, 56A, 57A, 128A, 186A. Folios 83 and 84 are fold-outs.

Watermark: The watermark EllamS can be found on folios 60 to 65.

Written in
English and Arabic in Latin and Arabic script
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'File 86/1 VI (D 97) Kuwait Oil' [‎118r] (256/486), British Library: India Office Records and Private Papers, IOR/R/15/1/642, in Qatar Digital Library <https://www.qdl.qa/archive/81055/vdc_100023610333.0x000039> [accessed 18 April 2024]

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