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PZ 3083/39 'Bahrain Petroleum Company Ltd. Booklets on 'Pound Sterling Thrift Plan' and 'US Dollar Thrift Plan'.' [‎15r] (29/76)

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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ites, who die, or who withdraw under Rule
g such year; or
; account provided in Rule 12 below, when
iccount does not exceed 25% of the total
ig to the credit of the “A” and “B” ac-
hen Members.
'ch in the opinion of the Trustees cannot
may be carried forward by the Trustees
lowing year.
ount shall be maintained on the books of
purpose of protecting the original amounts
made to the Fund by Members and the
Dunt shall be credited with the amounts, if
om the Earnings account in accordance
;; and shall be credited or debited with
; arising from the sale of any part or all
'earing from any periodical evaluation of
be credited with all amounts standing to
account of any Member upon termination
ervice, or his death, or his withdrawal, to
ciary, or his legal representatives are not
14, 15, and 23 below r ;
dical evaluation of the Fund no investment
>ve cost unless a profit has been realized
i investment;
the creation of a Reserve account under
lie 12 (a) hereof, the Trustees are of the
itional Reserve is necessary, they may at
he Reserve account to the extent which
ecessary by crediting the Reserve account
ransfer from the amounts standing to the
credit of the “B” account of each Member, which percentage
shall be the same for all Members. No transfer may be made
from any Member’s “A” account for this purpose;
(d) During such times when:
(1) All percentages transferred from the “B” accounts of
all then Members have been debited to the Reserve account
and transferred back to the “B” accounts of all then
Members, and
(2) The value of the Reserve account, at the Trustees’ de
termination, exceeds 25% of the total amount standing to
the credit of the “A” and “B” accounts of all then
Members, then
all such excess shall be transferred to the Company’s credit and
applied to the reduction of the subsequent contributions to be made
by the Company.
(e) Subject to the limitation set out in Rule 12 (d) above, any
amounts standing in the Reserve account shall be maintained
or transferred from time to time as may be determined by
the Trustees.
Payments of Benefits
13. Payment of benefits shall be made under this Plan only in
the event of the death of a-Member, or the termination of his Con
tinuous Service, or his withdrawal under Rule 23 below.
14. Upon a termination (other than death) of a Member’s Con
tinuous Service:
(a) The Trustees shall pay to him the total amount then standing
to his credit in his “A” account; and,
(b) If he has completed five years of Continuous Service, the
Trustees shall also pay to him the percentage of the total

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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'.' [‎15r] (29/76), British Library: India Office Records and Private Papers, IOR/L/PS/12/290, in Qatar Digital Library <https://www.qdl.qa/archive/81055/vdc_100033111018.0x00001e> [accessed 28 March 2024]

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