'Oil Concessions' [‎309r] (627/734)

;9035/a9.
Sir,
I am directed "by Lord Passfield to refer to
Colonial Office letter (No 690S5/2.9) of the 3rd of August,
regarding tlie conditions upon wliich His MaJesty*s G-overn-
aent in the United Kingdom would "be prepared to agree to
the participation of United States capital in the
exploitation of oil in Bahrein, and to transmit herewith,
for the information of the Secretary of State for India, a
brief record of a further discussion which took place on the
8th of August "between representatives of the Colonial Office
and of the Eastern and General Syndicate, Limited,
■a. Gaptain Wedgwood Benn will ohserve that the
American interests to whom it is proposed that the Syndicate
rights in Bahrein should "be transferred, are not prepared
to accept in their entirety the conditions communicated to
the representatlYes of the Syndicate the 19th and 31st
of July, as a .result of discussion with the representat
ives of the Syndicate, certain modifications of these
conditions have "been tentatively agreed upon, subject to
the concurrence of the other interested Departments of
His Majesty*3 Government and I am now to enclose the draft
of a letter embodying the revised conditions which Lord
Passfield proposes, subject to Captain Wedgwood Benn's
concurrence, to aadress to the Syndicate,
Lord Passfield woM be glad to be informed as
A
soon as possible whether Captain Wedgwood Benn concurs in
tae ^erias of that draft.
A similar letter is being addressed to the
foreign Office and copies of this letter and of the
r ecord of the Meeting held on the 8th of August are
forwarded to the Petrolemi Department, Actalralty,
Iar 01>fio e> Air Ministry and Board of Trade.
I am,
1116 B ^ e stlts retary Your jaost ofcedient servant
Office. (Sgd) o.O.H. WilUama '