Concessions in Bahrein [Bahrain], Kuwait, &c: correspondence, 1932-Jul 1933 (Colonial Office Secret Print, Middle East No.49) [‎45v] (92/284)

64
Whereas this Indenture is supplemental to the Concession Agreement dated the
second day of December One thousand Nine hundred and Twenty-five and made between
the Shaikh of the one part and Eastern and General Syndicate Limited of the other part
and now vested by assignment in the Company which Agreement has been extended and
modified by an Indenture dated the twelfth day of June One thousand Nine hundred
and Thirty and further extended by Agreement to the Second day of December One
thousand Nine hundred and Thirty-three.
Now this Indenture Witnesseth that it is hereby agreed and declared that the said
Concession Agreement shall be further modified in manner hereinafter appearing, that
is to say :—
1. In lieu of the right to select up to 100,000 acres in not more than three blocks,
as now provided in the Concession, THE BAHREIN COMPANY shall have
the right until 2nd March, 1935, to select up to 200,000 acres in not more
than six blocks. The present Prospecting Licence is, therefore, extended
to 2nd March, 1935. In return for this THE BAHREIN COMPANY under-
' takes as follows :—
(a) THE BAHREIN COMPANY will pay THE SHAIKH rupees Indian silver coin also widely used in the Persian Gulf. ten thousand
(Rs. 10,000/-) within thirty davs after the execution of the AGREE
MENT.
{h) The annual payment of rupees Indian silver coin also widely used in the Persian Gulf. ten thousand (Rs. 10,000/-) now provided
to be paid to the SHAIKH under the prospecting Licence shall be changed
hereafter to RUPEES Indian silver coin also widely used in the Persian Gulf. TWENTY THOUSAND'(Rs. 20,000/-).
(c) The minimum annual payment of RUPEES Indian silver coin also widely used in the Persian Gulf. THIRTY THOUSAND
(Rs. 30,000/-) as now provided to be paid THE SHAIKH commencing
with the year after the date of the declaration that oil has been found in
commercially exploitable quantities shall be changed to RUPEES Indian silver coin also widely used in the Persian Gulf. SIXTY
THOUSAND (Rs. 60,000/-).
(d) During the continuance of the Concession but in no event for more than
TWENTY (20) months, THE BAHREIN COMPANY will advance to
THE SHAIKH rupees Indian silver coin also widely used in the Persian Gulf. nine thousand (Rs. 9,000/-) each month, com
mencing with the month following the date of the execution of the
Agreement. These monies so advanced may be recovered by THE
BAHREIN COMPANY (without interest) from oil royalties due THE
SHAIKH in the following manner and not otherwise :—
If and when the royalty due THE SHAIKH for any one year exceeds rupees Indian silver coin also widely used in the Persian Gulf. sixty
thousand (Rs. 60,000), THE BAHREIN COMPANY may deduct and retain an amount
up to ONE-FOURTH of such excess for every such year until the total of the amounts
so deducted and retained by THE COMPANY is sufficient to satisfv the monies advanced
to THE SHAIKH by THE BAHREIN COMPANY
Dated - , 1933.
Shaikh of Bahrein.
Bahrein Petroleum Company, Limited.
%
Its Attorney in fact.
Before me
Enclosure 2 in No. 81.
(Confidential.)
SlR > Political Agency An office of the East India Company and, later, of the British Raj, headed by an agent. , Bahrein, 22nd April, 1933.
I have the honour to enclose three copies of a letter No. 89, dated the 22nd
April, 1933, from the Adviser to the Bahrein Government.
I have, &c.,
Abdul Haiy,
m i -r-r 11 t • /-.i Indian Assistant.
To the Honourable Lieutenant-Colonel Gordon Loch, I.A.,
Officiating 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 The historical term used to describe the body of water between the Arabian Peninsula and Iran. ,
Bushire.