'Oil Concessions' [‎296r] (601/734)

July v 19^
69035/2° •
Sir,
I sj airected T.iOi'd Passfield. "to refer to your
letter Ox ou.e xot of July and to the discussiori with
Yr* Janson and T'aJor Holmes which took place at the
Colon i ax o riday tne 19th of Julyj and to inform
you taat toe tollowing are the conditions upon which
His !'ajest3 i *s Gov eminent would "be prepared to advise the
Shaikh oi Balirein oo agree to the extension of the
exploration licence granted to the Eastern and General
Syndicate Ijimiteo. and to tue Assignment of their Concession
of the 2nd Of December 19 25:-
(a) That the Company to he formed to take over the
Qoncession xrom the Syndicate should he and remain a
British Company registered in Great Britain.
Cb) That a proportion of the Directors of that
■jO!ji^ao v (less 11 an one-half "oyJZ* not less f an one-third),
to he agreed upon 'between the iDarties, should he at all
times British subjects and
(i) that the local Manager in charge of the Company's
operations in Bahrein should at all times he a British
suoject; and that as many of ti e other employees of the
Oompany in Bahrein as is consistent with the efficient
carrying out of the undertaking should he at all times
^itish subjects or suhjects of the Shaikh of Ba rein.
If the Syndicate are prepared to accept those
conditionsj His MaJ.esty's Government will he prepared
to a< ivise the Shaikh to extend the period of the
exploration licence granted to the Syndicate in virtue
cf the agreement concluded between the Syndicate and the
JU aikh on the 2nd of December, 19 25, and to agree to an
assignment of the Syndicate's rights under that agreement
"the new Company. The assignment to be a formal
umen.t an ^ ^ ' Gon ^ a in a provision for cancellation of
Concession upon any breach of the conditions.
"D
the