‘File 29/21 - III FOOD SUPPLY RICE’ [94r] (187/720)
The record is made up of 1 file (358 folios). It was created in 30 May 1948-26 Sep 1949. It was written in English and Arabic. 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.
This transcription is created automatically. It may contain errors.
STERLING AREA DQTJJLR RECEIPTS FROM OIL
Thesa receipts are of two kinds
( 1 ) Dollar royalties * Practically the only example of
these is provided by the concession recently awarded by the
Shaikh, of Kuwait to the American Independent Oil Company in
respect of his share of the Kuwaiti—Saudi Arabian Tteutral Zone*
Under the terms of that concession the Shaikh will, we understand
by now have received the sum of/$7$75,000 and will from 1949
onwards receive an annual royalty of at least 625,000. Althougn
Kuwait is not required to surrender these dollars to the
Sterling Area pool, the existence of this income is bound to
affect the amount of the net hard currency quota which will be
made available to Kuwait from the pool.
■ (2) Dollar receipts from American distributors who the mselve_s
re-sell sterling Area oil outside the Sterling Area . As the
Kuwait Neutral Zone^Qatar andTother concessions are not yet
producing oil in commercial quantities description of the
financial arrangements in force is limited to the two cases of
(a) Bahrein and (b) Kuwait proper.
(aH i) The Bahrein Petroleum Company Limited (B.P.C .) is
nominally registered in Canada and owned Jointly by two
big American oil companies (50j6 by Standard Oil Company of
California and 50# by the ‘texas Company). B.P.C. is
administered and controlled from New York. It sells its
oil through its subsidiary the California Texas Oil
Company (Caltex), which is nominally registered in the
Bahamas, but is also considered as American for exchange
control purposes and must therefore pay dollars in respect
of all oil shipments from Bahrein to countries outsiee the
Sterling Area. When oil produced or refined at Bahrein
is sold by Caltex inside the Sterling Area sterling revenue
accrues to B.P.C.
(ii) B.P.C. requires sterling for local expenses in
Bahrein and for purchases of equipment, etc., elsewhere in
the Sterling Area. It requires dollars for purchases of.
Saudi Arabian crude oil from the Arabian American Oil
Company *, for American equipment and materials, for the
salaries of American loyes at Bahrein and elsewhere.
Bank of England) whi ransfenable to U. S.A* because
B.P.C. is an American controlled company.
(iii) B.P.C. is allowed to use its sterling revenue to
meet its sterling requirements and for the purchase of
dollars for the above purposes. Since its dollar
requirements far exceed its dollar earnings we shoild expect
« The Deeds of 1936 and 1940 supplementary to the mining lease
of 1934 are intended to ensure the t these purchases will not
lead to a reduction of crude oil production in Bahrein itself.
and for remittances
profits (agreed with the
About this item
The file contains correspondence about arrangements for the purchase and shipping of rice imports mainly from African and South American countries, for consumption in Bahrain, Qatar, Dubai, Sharjah and other Trucial Coast The historic term used by the British to refer to the Gulf coast of Trucial Oman, now called United Arab Emirates. shaikhdoms, where rice and other cereals continued to be in scarce supply after the Second World War (1939-1945). The file consists mainly of letters from Bahrain and Dubai merchants, or from the Imperial Bank of Iran and the Eastern Bank Limited on their behalf, also from the local manager of the Petroleum Development (Qatar) Limited on behalf of oil company personnel, asking 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. , Bahrain to permit them foreign currency exchange facilities for the purchase of rice from Brazil and other non-Sterling countries. Also included in the file are the Political Agent’s responses, including importation recommendation certificates and letters to their banks, approving the release of sterling for the opening of letters of credit and hard currency payments to exporters.
The file also contains the successful bids made to the International Emergency Food Committee (IEFC), Washington by the British Government on behalf of Bahrain, Qatar, Dubai and the other Trucial Coast The historic term used by the British to refer to the Gulf coast of Trucial Oman, now called United Arab Emirates. shaikhdoms, for a share in the 1949 Middle East rice allocations. In relation to this matter there is the correspondence of the Political Resident A senior ranking political representative (equivalent to a Consul General) from the diplomatic corps of the Government of India or one of its subordinate provincial governments, in charge of a Political Residency. in the Persian Gulf Historically used by the British to refer to the sea area between the Arabian Peninsula and Iran. Often referred to as The Gulf or the Arabian Gulf. and 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. , Bahrain with the Rulers of Bahrain, Qatar and Dubai and also with British officials at the Ministry of Food and the Foreign Office in London. In this correspondence, they discuss reducing existing wheat quota imports for Bahrain, Qatar and the Trucial Coast The historic term used by the British to refer to the Gulf coast of Trucial Oman, now called United Arab Emirates. shaikhdoms in favour of increased rice quota imports, the arrangements for the local storage and stock management of the IEFC allocated Egyptian rice by British Ministry of Food officials in Cairo, the appointment of approved purchasing and shipping agents by the Bahrain and Dubai authorities to act for them and for their merchants with regard to orders, payments and deliveries of the IEFC allocated Egyptian quota rice by sea to Bahrain, Qatar and Dubai.
- Extent and format
- 1 file (358 folios)
Files papers are arranged more or less chronologically.
- Physical characteristics
Foliation: the foliation sequence commences at the front cover with 1, and terminates at the inside back cover with 360; these numbers are written in pencil, are circled, and are located in the top right corner of the recto The front of a sheet of paper or leaf, often abbreviated to 'r'. side of each folio. A previous foliation sequence, which is also circled, has been superseded and therefore crossed out.
- Written in
- English and Arabic in Latin and Arabic script View the complete information for this record
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- ‘File 29/21 - III FOOD SUPPLY RICE’
- front, front-i, 3r:4v, 9r:9v, 12r:15v, 17r:17v, 22r:24v, 29r:33v, 35r:35v, 41r:41v, 43r:43v, 45r:47v, 52r:52v, 54r:58v, 61r:61v, 63r:64v, 66r:68v, 70r:70v, 74r:76v, 79r:95v, 97r:98v, 103r:103v, 106r:108v, 110r:114v, 117r:121v, 126r:128v, 130r:131v, 133r:140v, 142r:144v, 146r:146v, 148r:153v, 157r:157v, 165r:171v, 173r:175v, 178r:181v, 183r:189v, 191r:194v, 197r:197v, 199r:199v, 205r:208v, 211r:215v, 219r:222v, 224r:227v, 231r:231v, 233r:233v, 236r:236v, 238r:239v, 242r:242v, 244r:250v, 253r:261v, 264r:267v, 269r:269v, 275r:278v, 283r:288v, 290r:291v, 293r:299v, 301r:301v, 303r:310v, 312r:319v, 321r:359v, back-i, back
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