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File 10/1 VIII Bahrain Oil Concession [162r] (351/555)
The record is made up of 1 volume (270 folios). It was created in 15 Apr 1934-3 Jul 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. .
Transcription
This transcription is created automatically. It may contain errors.
oil, included with, crude oil, the royalty would be a
good deal less than -g-d. per gallon. This is a point which might
be further discussed with the Company. In the United States the
practice, in the case of casinghead gasoline produced in
California, is to charge a royalty of one-sixth to one-eighth of
the value of the stabilised natural gasoline, less cost of
stabilisation. The Petroleum Department has no definite informatic:
as to what this would represent in English currency, hut it would
probably be in the neighbourhood of ^d. a gallon. At this rate
the royalty on a ton of casinghead gasoline would be about 12/6d.
against the rate of 5/3d. on crude oil. The Company may argue
that they will only be able to dispose of this gasoline, which is
a highly volatile product, by mixing it with the crude oil. If
they do, it is suggested that we need not press the point unduly.
One other relatively unimportant point on Article VII, may
be mentioned. The original agreement provided for the
possibility of revising the rate of royalty after ten years
during which, royalties had been paid. The Company have now
substituted fifteen years. They may claim some virtue for this,
hut, inasmuch as under the original agreement no tonnage royalty
might have been due for payment during the first five years (i.e.
until the Company had declared that oil had been discovered in
"commercially exploitable quantities" )» there would be no
substance in their claim.
Having disposed of the more detailed points it is now
possible to examine the two revised Articles from the broader
Point of view of determining whether they represent a fair basis
as between the Sheikh and the Company.
Under the original agreement, the SheikH was to receive
Rs.lo^oOO on the signing of the lease and Es.10,000 per annum
t hereafter/'
About this item
- Content
The volume contains correspondence and telegrams 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 the storage tanks calibration for the purpose of calculating the royalties payable to the Sheikh of Bahrain and on the first shipments of oil from Bahrain to Japan and Singapore.
The volume includes a copy of the draft lease contract with notes (folios 55-64), newspaper cuttings on oil in Bahrain and House of Commons' questions on Bahrain (folios 204-205). There are letters in Arabic with English translation, to and from the Sheikh.
There is an index at the end of the volume (folios 248-258).
- Extent and format
- 1 volume (270 folios)
- Arrangement
The documents in the volume are arranged in chronological order. There is an index at the end of the volume (folios 248-258). The index is arranged chronologically and refers to documents within the volume; it gives brief description of the correspondence with a reference number, which refers back to that correspondence in the volume.
- Physical characteristics
The main foliation system starts on the 5th sheet with 1 and finishes with 259, wich is the last number given, on the 5th sheet from the back of the volume; these numbers are written in pencil, are circled and may be found in the top right corner of the recto The front of a sheet of paper or leaf, often abbreviated to 'r'. side of each folio.
Foliation anomalies: 56A and 56B; 57A and 57B; 58A and 58B; 60A and 60B; 61A and 61B; 61A and 61B; 63A and 63B.
Foliation omissions: folio 233
A second foliation sequence starts on folio 14 and continues through to folio 247; the numbering for this sequence starts at 13. These numbers are also written in pencil and may be located in the same position as the main sequence.
- Written in
- English and Arabic in Latin and Arabic script View the complete information for this record
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File 10/1 VIII Bahrain Oil Concession [162r] (351/555), British Library: India Office Records and Private Papers, IOR/R/15/2/395, in Qatar Digital Library <https://www.qdl.qa/archive/81055/vdc_100023729940.0x000098> [accessed 23 April 2024]
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Copyright: How to use this content
- Reference
- IOR/R/15/2/395
- Title
- File 10/1 VIII Bahrain Oil Concession
- Pages
- front, back, spine, edge, head, tail, front-i, i-r:iv-v, 1r:1v, 7r:19v, 22r:23v, 25r:29v, 34r:34v, 37r:48v, 50r:52v, 65r:65v, 69r:70v, 71v, 73r:75v, 80r:80v, 81v:83v, 84v:94v, 96r:98v, 101r:104v, 106r:121v, 126r:128v, 129v:154v, 157r:167v, 169r:169v, 171r:175v, 178r:178v, 186r:189v, 192r:195v, 201r:205v, 207v, 210r:210v, 213r:216v, 220r:221v, 223r:227v, 231r:232v, 234r:238v, 239av, 239ar, 240r:241v, 242v:243v, 244v:246v, 248r:259v, v-r:viii-v, back-i
- Author
- East India Company, the Board of Control, the India Office, or other British Government Department
- Usage terms
- Open Government Licence