'Oil Concessions' [‎293r] (595/734)

| Mr. Janson and Major Holmes of the Easter
general Syndicate called to see Sir John Ghuckhurgh ' 7^
on Friday the 19th of July.Mr. Williams> Vr. Bushe and
rr. Bigg were present during t e interview.
The representatives of t: e Syndicate explained the
reasons whicQ had led them to transfer to American "
agree-'.ent witn cue .Shaikh of Bahrein. The Syndicate
themselves had Spent over £ 50,000 in exploring for oil
in Batiram <- .1. t.ieii Amei'ican triends had, it was estimated
spent a further £15,000 on the same object. The
Syndicate had come to the end of their resources and
althougn tliey nad explored evex'y possihle avenue they
tad oeen unahle to obtain assistance from British
capitalibts to enahle to,em to exploit their Concession.
They had therefore "been forced to obtain assistance from'
American oil interests and in return had transferred to
those interests their rights under the Concession granted
to tnein oy trie Shaikh-of Bahrein. In transferring those
rights they had made certain stipulations which they had
aiticipated would oe accetahle to His Majesty's Government,
to ensure that those rights should "be exercised by a
British Company, and, in fact, the American oil interests -
concerned had already registered in Canaoa a Company foicmed
for the express purpose of continuing ti e operation of
ttie Concession.
At no stage during the course of the discussion
fo-d the representatives of the Syndicate attempt to dispute
: ke right of His Majesty's Government or the Shaikh of
Pahrein to impose conditions upon the participation of
| erican capital in the operation of the Concession or
KBon the transfer to American oil interests of the rights
pcnferred by the Concession. It was therefore unnecessary
0 waKe.use of the.various argurents rof/erred to in the
p£®ceia,t correspondence- witi: the other interested Departments
Mr. J an son and Major Holmes of the Easter^iSr
genera 1 Syndicate called to see Sir John Shuck'burgh
on Friday ti e 1 • t. oi f ■ u 1 y.^ r, Willtgojis % Kp, Bushe and
I ^r, BiSS were px'esent during t e interview.
The re-reoentatiYes ol t e Syndicate explained the
reasons whiwh had led them to transfer to American
agreement wit I i.e Shaikh of Bahrein. The Syndicate
themselves had Spent over £ 50,000 in exploring for oil
in Bahrain a.iid taeir Am or i c an friends had, it was estimated
. spent a further 515,000 on the same ohject. The
r Synaicate had come to the end of their resources and
[ although they had explored every possible avenue they
tad "been unahle to obtain assistance from British
r capitalibts 6^ eoahle o'lem to exploit ttieir Ooncession.
B They had baereiore Been forced to obtain assistance from
■ American oil interests and in return had transferred to
■ those interests their rights under the Concession granted
1 to them oy trie Shaikh-of Bahrein. In transferring those
■'lights they had made certain stipulations which they had
Banticipated would oe accetat e to Ills Majesty's Government,
|to ensure that those rights should he exercised By a
■British Company, and, in fact, the American oil interests ■
■ ooncerned had already registered in Canaua a Company foamed
■for the express purpose of continuing the operation of
I the Concession.
At no stage during the course of the discussion
1^(1 the representatives of the Syndicate attempt to dispute
■the right of His Majesty's Government or the Shaikh of
Bahrein to impose conditions upon the participation of
■T^erioan Ga pital in the operation of the Concession or
the transfer to American oil interests of the rights
erred By the Concession. It was therefore unnecessary
m , " d " K " e US9 of the various argu -ents raf/erred to in the
■l^oerit correspondence witl the other interested Departments
i* His I'a^esty's Government, though it is, of course,
pQ s Si,oi0 that when the Syndicate came to talk to their
■ er iGan friends aBout the conditions which His Majesty's
^■OY0 ;/*nrr o- -f-
p ■ desire to impose, those American interests will
• a ^ 09 "trie question..