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Coll 28/55 ‘Persia. Anglo-Persian Oil Company. Relations with Persian Govt.’ [‎32v] (75/1090)

The record is made up of 1 volume (541 folios). It was created in 8 Aug 1932-14 Sep 1933. It was written in English, French and German. 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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14
(V) To secure the Government against any loss which might result from
fluctuations in the value of English currency, the parties have agreed as
follows :—
(a) If, at any time, the price of gold in London exceeds six pounds sterling
per ounce (ounce troy) the pavments to be made by the Gompany in
accordance with the present Agreement (with the exception of sums*-
due to the Government under sub-clause (I) (b) and clause (III) (a)
and (b) of this article and sub-clause (I) (a) of article 23) shall be
increased by one thousand four hundred and foitieth pa it Ginn)' ^or
each penny of increase of the price of gold above six pounds sterling
(£6) per ounce (ounce troy) on the date due of the payments.
(b) If, at any time, the Government considers that gold has ceased to be the
general basis of values and that the payments above mentioned no
fonger give it the security which is intended by the parties, the parties
shall come to an’ agreement as to a modification of the nature of the
security above mentioned or, in default of such an arrangement, shall
submit the question to the Arbitration Court (article 22), which shall
decide whether the security provided in sub-clause {a) above ought
to be altered and, if so, shall settle the provisions to be substituted
therefor and shall fix the period to which such provisions shall apply.
(VI) In case of a delay, beyond the dates fixed in the present Agreement,
which might be made by the Company in the payment of sums due by it to the
Government, interest at five per cent.' (5 per cent.) per annum shall be paid for
the period of delay.
Article 11.
(I) The Company shall be completely exempt, for its operations in Persia, for
the first thirty years' from any taxation, present or future, of the State and of
local authorities; in consideration therefor the following payments shall be made
to the Government:—
(a) During the first fifteen years of this Concession, on the 28th February of
each year and for the first time on the 28th February, 1934, nine pence
for each of the first six million (6,000,000) tons of petroleum, on which
the royalty provided for in article 10 (I) (a) is payable for the
preceding calendar (Christian) year, and six pence for each ton in
excess of the figure of six million (6,000,000) tons above defined.
(b) The Company guarantees that the amount paid under the preceding sub-
clause shall never be less than two hundred and twenty-five thousand
pounds sterling (£225,000).
(c) During the fifteen years following, one shilling for each of the first
six million (6,000,000) tons of petroleum, on which the royalty
provided for in article 10 (I) (a) is payable for the preceding calendar
year, and nine pence for each ton in excess of the figure of 6,000,000
tons above defined.
(d) The Company guarantees that the amount paid under the preceding
sub-clause (c) shall never be less than three hundred thousand pounds
sterling (£300,000).
(II) Before the year 1963, the parties shall come to an agreement as to the
amounts of the annual payments to be made, in consideration of the complete
exemption of the Company for its operations in Persia from any taxation of the
State and of local authorities, during the second period of thirty vears extending
until the 31st December, 1993.
Article 12.
(a) The Company, for its operations in Persia in accordance with the present
Agieement, shall employ all means customary and proper, to ensure economy in
and good returns from its operations, to preserve the deposits of petroleum and
to exploit its Concession by methods in accordance with the latest scientific
progress.
(b) II) within the territory of the Concession, there exist other mineral
substances than petroleum or woods and forests belonging to the Government, the

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Content

Correspondence and other papers relating to the Persian Government’s annulment of the Anglo-Persian Oil Company (APOC) concession in December 1932, and the ensuing diplomatic crisis between the two countries. The papers include: diplomatic exchanges between the British and Persian Governments and APOC, as reported by HM’s Envoy Extraordinary and Minister Plenipotentiary A diplomatic representative who ranks below an ambassador. The term can be shortened to 'envoy'. in Tehran, Reginald Hervey Hoare; correspondence between the Foreign Office and 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. ; parliamentary notices reporting questions on the crisis raised in the House of Commons; the response of the British press to the annulment, with a large number of newspaper cuttings from British newspapers (chiefly The Times , The Daily Herald , The Morning Post ); the British Government’s referral of the dispute to the Council of the League of Nations; the British Government’s despatch of Royal Naval vessels to Abadan; papers from the Council of the League of Nations reporting on negotiations towards a settlement, including notes, session minutes, and correspondence from the Czech representative to the League, Edvard Beneš, who acted as mediator between the two parties; the settlement of the dispute, culminating in a new agreement between the Persian Government and APOC, dated 29 April 1933 (ff 26-35).

The volume includes numerous items in French (Persian Government correspondence and some press cuttings from the Persian Press) and a single item in German (a transcript of an article originally appearing the Deutsche Bergwerks Zeitung ).

Extent and format
1 volume (541 folios)
Arrangement

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

Physical characteristics

Foliation: the foliation sequence (used for referencing) commences at the first folio with 1 and terminates at the last folio with 537; 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. The foliation sequence does not include the front and back covers, nor does it include the leading and ending flyleaves. A previous foliation sequence, which is also circled, has been superseded and therefore crossed out.

A number of pages have been bound into the volume upside down (ff 345-358).

Written in
English, French and German in Latin script
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Coll 28/55 ‘Persia. Anglo-Persian Oil Company. Relations with Persian Govt.’ [‎32v] (75/1090), British Library: India Office Records and Private Papers, IOR/L/PS/12/3460, in Qatar Digital Library <https://www.qdl.qa/archive/81055/vdc_100060695561.0x00004c> [accessed 29 March 2024]

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