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File 3877/1912 Pt 1 ‘Turkey in Asia: oil concessions’ [‎12v] (33/834)

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The record is made up of 1 volume (412 folios). It was created in 17 Jul 1904-4 Sep 1913. It was written in English and French. 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 Documents collected in a private capacity. .

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(4-)
Extract from. Articles of Association of the Turkish Petroleum Company (Limited).
Transfer of Shares,
Article 33. Shares shall only be transferable by instrument in writing signed by
the transferor and tranferee, and duly entered in the register of transfers. The usual
common form of transfer shall suffice. A local board or agent abroad, if authorised so
to do by the board, shall issue a receipt for any transfer lodged with such local board
or agent for transmission to England for registration (if the same be accompanied by
the corresponding share certificate), and shall on the receipt of the new certificate
exchange the same for such receipt.
Article 34. The register of transfers shall be kept by the secretary under the
control of the board. The transfer books may be closed by the board during the
fourteen days immediately preceding the Ordinary General Meeting in each year, and
at such other time as the board may direct, and not exceeding in all thirty davs in
each year.
Article 35. The company adopts the Forged Transfers Acts, 1891 and 1892, and
the board has full power to give effect thereto.
Article 36. The board may, without assigning any reason, decline to register any
transfer of shares, and shall refuse to register any transfer made in contravention of
the provisions of article 36 a hereof.
n Art i ci ? mem ^ er shall be entitled to transfer any shares except to a
holder of shares m the same group (as defined in article 70 hereof) as that to which he
belongs, unless such shares shall first have been offered to the other holders of shares
m the company (at a price calculated in accordance with the provisions of article 36 b
hereoi) m the same manner as that in which new shares are to be offered under
? r ^ 6 j A ’ m 80 ^ ar 011 Jy as suc ^ °® er shall have been declined or deemed to be
hTTknLfT p l 0ricied ' such member may, subject to the provisions of article 36
heieof, transfer the shares so declined or deemed to be declined to such person or
ersons and on such terms as to price and otherwise as he may think fit.
calculated as 3 fo I lioT hareS ft ? 1 ' 6 ' 1 “ P ursuance of Arti de 36 a shall be offered at a price
calculated as follows, viz., the average rate per cent, of dividend paid by the commnv
5 »n n “21 S, jifS’j? * , 0 T id ''? ,h “
p iKKy"?"”! * • L *"
«.h. holder of
01 Yrticle 8 's Ch A h ° lder ’ th6y ShaU inCUr no liabiii ‘v thereby ’ reg ’ Ster a “ y mfant
entitled to a share bhTe^ThlhnSro? 1 '- f & t d ? CeaSed member ’ or a
as such be a member, but on satisfying tlm Wd orhisTtl? f Sha11 n0t
provisions of article 36 hereof mav hp a d v i n t tle and su hject to the
transfer the same to any TersT LovTd T h ° lder ° f the share “ay
liquidation of the affairs of a member shall not that a trus tee m the bankruptcy or
on satisfying the board of hi titte ma^ to be registered, but
Article 39. No transfer of am- n n , ■ as afore said.
company of a transfer fee of 2s. 6d or suchksh reglst y ec t wltbout Payment to the
shali not be registered as the trohsCe of a LTuSi kT ar T' lPP ° intS - A P ere0 “
duly executed, has been left with the secretar,. ft! i ? 1 , u f tl 'ument of transfer,
shall not be registered as the transferee of a "LTuntil tb
duly executed, has been left with the secrets rv o,. i i e — ......ul uj. iransier,
company), and the certificate for the shares nAi i f h pt wltb tbe fiords of the
with the company, and such transfer fee has been mid° h, trailsferred Has been lodged
the judgment of the Board, this article or anv mrt thJi r m case ^ich, in
it may be dispensed with. ’ y part thereof i ought not to be insisted on,

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Content

The volume comprises copies of correspondence, memoranda and other papers, produced in response to the prospect of an oil company backed by German capital taking control of future oil concessions in Mesopotamia [Iraq], and the implications that such concessions might have on the Anglo-Persian Oil Company’s (APOC) own oil concession in neighbouring Persia. The prospect of foreign capital exploiting Mesopotamia’s oil resources was a particular cause for concern amongst senior officials in the Admiralty, who were dependent on APOC’s oil production for their fuel supplies, and the Foreign Office. The more peripheral interest of such a concession in Mesopotamia to the Government of India and the 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. is reflected in the volume’s papers.

The volume’s principal correspondents are: the Secretary to the Admiralty (Sir William Graham Greene); Secretary at the Foreign Office (Sir Louis du Pan Mallet); Secretary of the Political Department at the 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. (Sir Arthur Hirtzel); Permanent Under-Secretary of State at the 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. (Sir Thomas William Holderness); the Managing Director of APOC (Charles Greenway).

Subjects covered include:

  • correspondence dated late 1912, chiefly between representatives of the Admiralty and Foreign Office, airing concerns over the implications of exploratory oil concessions agreed for Mesopotamia between a consortium including the National Bank of Turkey, Shell (referred to in the volume as either the Shell Transport Company or the Anglo-Saxon Petroleum Company) and Deutsche Bank, to APOC oil exploration in Persia;
  • discussion of the Government of India’s interest in maintaining an independent APOC, and whether the Government of India should not invest in APOC, including a proposal that it purchase oil from APOC for use on the Indian railways, or contribute to the purchase of fuel supplies on behalf of the Royal Navy;
  • through February 1913 to April 1913, diplomatic negotiations (including some correspondence in French) seeking to secure concessionary agreement for oil exploration in the Mesopotamian vilayets of Mosul and Baghdad for APOC (based on earlier arrangements made between the Ottoman Government and William Knox D’Arcy on APOC’s behalf) against the competing claims of the National Bank of Turkey consortium, and oil exploration rights outlined in the railway concession held by the Société du Chemin de Fer ottoman d’Anatolie (Anatolian Railway Company);
  • between May 1913 and July 1913, with the likelihood of APOC not being given exclusive oil concessionary rights to Mesopotamia, negotiations to secure ‘absorption’ (with a British-controlling interest) of APOC with the National Bank of Turkey or its partners, Shell and Deutsche Bank.

The core correspondence in the volume dates between September 1912 and September 1913. The earlier date indicated in the volume’s date range refers to a copy of a contract between Turkish Government’s Ministry of the Civil List and the Société du Chemin de Fer ottoman d’Anatolie, dated 17 July 1904 (ff 147-148).

The volume includes a divider which gives the subject (Turkey in Asia: oil concessions) and part number (1), the year the subject file was opened (1912), and a list of correspondence references contained in that part by year. This is placed at the back of the correspondence (f 1).

Extent and format
1 volume (412 folios)
Arrangement

The papers are arranged in approximate chronological order from the rear to the front of the volume.

The subject 3877 (Turkey in Asia: oil concessions) consists of 3 volumes, IOR/L/PS/10/300-302. The volumes are divided into 5 parts, with parts 1 and 2 comprising one volume each, and parts 3, 4 and 5 comprising a third volume.

Physical characteristics

The foliation sequence commences with 1 and terminates with 411. The front and back covers, along with the leading and ending flyleaves have not been foliated.

Written in
English and French in Latin script
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File 3877/1912 Pt 1 ‘Turkey in Asia: oil concessions’ [‎12v] (33/834), British Library: India Office Records and Private Papers, IOR/L/PS/10/300, in Qatar Digital Library <https://www.qdl.qa/archive/81055/vdc_100028928516.0x000022> [accessed 28 March 2024]

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