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PZ 3083/39 'Bahrain Petroleum Company Ltd. Booklets on 'Pound Sterling Thrift Plan' and 'US Dollar Thrift Plan'.' [‎14v] (28/76)

The record is made up of 1 file (36 folios). It was created in 16 May 1939-18 Aug 1941. It was written in English. 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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[6]
Service terminates, who die, or who withdraw under Rule
23 below during such year; or
(2) To the Reserve account provided in Rule 12 below, when
such Reserve account does not exceed 25% of the total
amount standing to the credit of the “A” and “B” ac
counts of all then Members.
Any small balances which in the opinion of the Trustees cannot
conveniently be so applied may be carried forward by the Trustees
for distribution in the following year.
Reserve Account
12. (a) A Reserve account shall be maintained on the books of
the Trustees for the purpose of protecting the original amounts
of the contributions made to the Fund by Members and the
Company. This account shall be credited with the amounts, if
any, transferred from the Earnings account in accordance
with Rule 11 above; and shall be credited or, debited with
any profits or losses arising from the sale of any part or all
of the Fund or appearing from any periodical evaluation of
the Fund; and shall be credited with all amounts standing to
the credit of the “B” account of any Member upon termination
of his Continuous Service, or his death, or his withdrawal, to
which he, his beneficiary, or his legal representatives are not
entitled under Rules 14, 15, and 23 below;
(b) Jn making any periodical evaluation of the Fund no investment
shall be valued above cost unless a profit has been realized
through sale of such investment;
(c) If, notwithstanding the creation of a Reserve account under
the provisions of Rule 12 (a) hereof, the Trustees are of the
opinion that an additional Reserve is necessary, they may at
any time increase the Reserve account to the extent which
is in their opinion necessary by crediting the Reserve account
with a percentage transfer from the amounts standing to the

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Content

This file contains two Bahrain Petroleum Company Limited (BAPCO) booklets: 'The Pound Sterling Thrift Plan and Life Insurance Benefit Plan' and 'The US Dollar Thrift Plan and Life Insurance Benefit Plan' (both effective from 1 July 1939), as well as an 'Addendum to Trust Agreement and Rules of The Pound Sterling Thrift Plan of the Bahrain Petroleum Company Limited'. These documents were sent to John Percival Gibson, Principal of the Political Department for 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. , at the time of publication. The file also contains correspondence between Roland Tennyson Peel, the Assistant Secretary for the Political (External) Department in 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. , and BAPCO in 1941 regarding changes to the plans, with BAPCO seeking governmental approval over the proposed amendments.

Extent and format
1 file (36 folios)
Arrangement

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

Physical characteristics

Foliation: the foliation sequence for this description commences at the front cover with 1, and terminates at inside back cover with 38; 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.

Pagination: there is an original pagination system between ff 12-20 and ff 26-34.

Written in
English in Latin script
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PZ 3083/39 'Bahrain Petroleum Company Ltd. Booklets on 'Pound Sterling Thrift Plan' and 'US Dollar Thrift Plan'.' [‎14v] (28/76), British Library: India Office Records and Private Papers, IOR/L/PS/12/290, in Qatar Digital Library <https://www.qdl.qa/archive/81055/vdc_100033111018.0x00001d> [accessed 29 March 2024]

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