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'Historical Summary of Events in the Persian Gulf Shaikhdoms and the Sultanate of Muscat and Oman, 1928-1953: Appendices, Genealogical Tables' [131v] (49/142)
The record is made up of 1 volume (65 folios). It was created in c 1953. 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.
246
(b) Investment shall be arranged with due regard to liquidity in order to ensure
as far as may be practicable that funds shall be readily available
when We should require them. u- u tu
(c) The detailed selection of the particular sterling investments in which the
funds shall be placed shall be left to the judgment of the Board, which
will be in day-to-day contact with the London market.
(d) The Board should ensure that investment and disinvestment are conducted
in such a way as to avoid as far as possible any unwelcome effects on
the London Stock Exchange.
{e) In making investments the Board shall have due regard to market
conditions prevailing from time to time.
if) The Board shall report to Us quarterly on the state of Our investments.
(g) The accounts of the Board shall be audited once a year by a firm of
Chartered Accountants. We propose to appoint Messrs. Peat,
Marwick, Mitchell and Co. as auditors in the first place.
3. The Governor of the Bank of England has offered to place at Our disposal
special facilities, in the form of an account at the Bank of England. We have
accepted this offer which We understand will give access to the services and advice
of the stockbroker to Her Majesty's Government in the United Kingdom. The
Board should avail themselves of these services and advice.
4. All money and securities will be held for Our account though some
delegation of authority by Us is required in order that the Board may have powers
to act on Our behalf. This is covered by the accompanying formal document
providing for the establishment of the Board.
(Signed) SHAIKH SIR ABDULLA AL-SALEM
AL-SABAH,
Ruler of Kuwait.
(iv)
(Paragraph 20)
Letter, dated February 23 1953, from 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.
, Kuwait, to the
Ruler of Kuwait
I have received Your Highness' letter informing me of the arrangements you
have decided to make for the investment of that part of the surplus sterling
revenue of your State which is not required for current expenditure. I am
instructed by Her Majesty's Government to confirm that they consider that the
arrangements described in the letter and the enclosures are satisfactory for the
purpose for which they are intended.
I am also instructed by Her Majesty's Government to confirm that the income
which will arise from sterling investments made by the Investment Board on Your
Highness' behalf will not be liable to United Kingdom Income Tax. Further,
death duty in Great Britain will not be charged on funds and investments held
in Great Britain which are the property of Your Highness' State.
APPENDIX D
Correspondence on the Demarcation of the Iraq-Kuwait Frontier—1940 and 1951
(i)
(Paragraph 45)
Letter, dated October 7 1940, from His Majesty's Ambassador, Bagdad, to the
Iraqi Minister for Foreign Affairs
1 have the honour to inform you that my Government consider it desirable
that the frontier between Iraq and Koweit should be demarcated and I have
recewed instructions to propose to the Iraqi Government that arrangements
should be made to do this at an early date.
About this item
- Content
Appendices to IOR/R/15/1/731(1). The appendices relate to the chapter on general matters, and to the chapters on Bahrain, Kuwait, Qatar, the Trucial States A name used by Britain from the nineteenth century to 1971 to refer to the present-day United Arab Emirates. , and Muscat. Also includes genealogical tables of Ruling Families in the Gulf at the end of the volume and (separately filed) further handwritten genealogical tables.
- Extent and format
- 1 volume (65 folios)
- Arrangement
There is a list of contents at the front of the volume.
- Physical characteristics
Foliation: the foliation sequence commences at 110 on the front cover and terminates at 176 on the last of the loose folios stored in polyester sheets. These numbers are written in pencil, are enclosed in a circle, and appear in the top right hand corner of the recto The front of a sheet of paper or leaf, often abbreviated to 'r'. page of each folio. The foliation sequence is a continuation of that in the main part of the document - IOR/R/15/1/731(1).
- Written in
- English in Latin script View the complete information for this record
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'Historical Summary of Events in the Persian Gulf Shaikhdoms and the Sultanate of Muscat and Oman, 1928-1953: Appendices, Genealogical Tables' [131v] (49/142), British Library: India Office Records and Private Papers, IOR/R/15/1/731(2), in Qatar Digital Library <https://www.qdl.qa/archive/81055/vdc_100023807432.0x000032> [accessed 16 April 2024]
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Copyright: How to use this content
- Reference
- IOR/R/15/1/731(2)
- Title
- 'Historical Summary of Events in the Persian Gulf Shaikhdoms and the Sultanate of Muscat and Oman, 1928-1953: Appendices, Genealogical Tables'
- Pages
- 130r:131v, 137v
- Author
- Al Sabah, Shaikh Abdullah III Al-Salim
- Usage terms
- Public Domain