‘File 29/21 - III FOOD SUPPLY RICE’ [95r] (189/720)
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.
B.P.C* in an average year to remit a seven figure sum in
dollars from London to New York. Thus on halance the
Sterling Area pays and doss not earn dollars in respect of
B.P.C* operations, and the existence of some dollar earnings,
which are accounted for to the Bank of England cannot
Justify any claims by the Sheikh of Bahrein for dollars to
be spent on inessentials.
(iv) At present any dollar remittances of profits to U. S.A.
may well largely be re-invested by B.P.C. in equipment needed
for its current improvement schemes. But even when these
are completed the remittances of surplus funds to U. S.A.
will continue and no dollars will accrue to the Sterling
Area Exchange Control from the activities of B.P.C.
(b)(i) The Kuwait Oil Company Limited (K.O.C.) is considered
a British resident for exchange control purposes and is
controlled Jointly by the Anglo-Iranian Oil Company Limited of
London and the Gulf Oil Corporation of Pittsburg, U.S.
Crude oil produced at Kuwait is normally shared equally
be^ een the two shareholders. A considerable capital
expansion programme is at present on hand to enable
production to reach a level of 418,000 barrels^fn^l951
and the company expected last year that for some 2£ years
from then until the end of 1949 it would be Incurring
capital expenditure at the rate of roughly £6 millions a
year about one half of which would be in dollars. These
dollars would be found from the Gulf Oil Company’s 50g
subscription towards the funds of K.O.C.
(ii) Dollar earnings accrue to us from Kuwait Oil only when
Anglo-Iranian Oil Company or the Gulf Oil Corporation sell-
this crude oil to American firms for consumption outside the
Sterling Area, but even in so far as such sales do in fact
take place the dollar earnings from them have to be set
^ against the profits which the Gulf Oil Corporation earns on
its^sterling sales of Kuwait oil and which it is allowed to
transfer into dollars and to remit to America. The time
when Kuwait can claim that its oil is not only a dollar
saver but also a net dollar earner for the Sterling Area
waild also seem to be still distant and the operations of
K.O.C. thus provide no grounds on which the local iHiler
can claim to receive additional dollars from us.
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’
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