'Oil Concessions' [‎299r] (607/734)

ild involve sa
(Company) in London, To do so, "therefore, would
the setting up of a speoial organisation for the purpose.
Another objection was that the taxation of Companies
registered in this oountry was extremely heavy, much WvYlA-^)
so than in Canada.
("b) They were not prepared to agree that the Chairman
and Managing Director of the new Company should at all
tiines he a British subject. It was their intention
ttiat thcfe Chairman of the group in America should also
officiate as Chairman of the new Company, and that the
Managing Director (if any)should also he one of the
Directors or Officials already associated with the
American group.
(o) Of the five Directors contemplated, they were
only prepared to agree that one should "be a British
subject. As they were providing the whole capital for
the enterprise, they considered it essential that full
control should rest in the hands of their group,
(d) They were not prepared to agree that the local
Manager in charge of the Company * s operations in
Bahrein should at all times he a British subject,
although they were ¥/illing to appoint a British subject
to act as Liaison Officer and to be employed for all
negotiations with the Sheikh of Bahrein and with the
local population. He would, however, be subject to the
authority of the local Manager who would be a technical
official in charge of the Field operations of the
Company. it would be entirely opposed to their
Qrganisation to appoint a non-technical Manager.
S jr John Shuckburgh pointed out that in their counter
Proposals the American group in effect rejected all the
conditions proposed by His Majesty's Government excexjt
to the extent of the admission of one British Director
the Board of the Company. He felt some doubt
((jompany) ifl- London, To do so, "therefore, would^involve
setting up of a special organisation for the purpose,
another objection wa.s that the taxation of Gompanies
registered in this country was extremely heavy, much
S o than in Canada.
(t) They were not prepared to agree that the Chairman
and Managing Director of the new Company should at all
times "be a British subject. It was their intention
tliat thS Chairman of the group in America should also
officiate as Chairman of the new Company, and that the
Managing Director (if any)should also he one of the
Directors or Officials already associated with the
American group.
(c) Of the five Directors contemplated, they were
only prepared to agree that one should "be a British
subject. As they were providing the whole capital for
the enterprise, they considered it essential that full
control should rest in the hands of their group.
(d) They were not prepared to agree that the local
Manager in charge of the Company's operations in
Bahrein should at all times he a British subject,
although they were willing to appoint a British subject
to act as Liaison Officer and to be employed for all
negotiations with the Sheikh of Bahrein and with the
local population. He would, however, be subject to the
authority of the local Manager who would be a technical
official in charge of the Field operations of the
Company. it would be entirely opposed to their
organisation to appoint a non-technical Manager.
Sir John Shuckburgh pointed out that in their counter
proposals the American group in effect rejected all the
conditions proposed by His Majesty's Government except
to the extent of the admission of one British Director
to the Board of the Company. He felt some doubt
whether the Syndicate's American associates fully
a Ppreciated the position. Without His Majesty's
^■OYerniaent♦ s good will and support they could not
Q btaln or work this Concession at all. As the price of