File 2794/1921 Pt 8 'Persian Gulf: oil; Bahrain: Installation of radio-telephone by Bahrain Petroleum Company' [‎220v] (324/436)

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Article I LI.
In consideration of the grant of this lease, the Company undertake to pay to the
Shaikh within t)0 days after its grant, the sum of Rupees Indian silver coin also widely used in the Persian Gulf. 10,000 and the further sum
of Rupees Indian silver coin also widely used in the Persian Gulf. 10,000 on each anniversary of the grant, subject to the “ delay ” exception
mentioned in Article V, for live years, or until, in accordance with Article IX, the
Company shall have declared that oil has been found in commercially exploitable
quantities.
Article IV.
All lands granted by this Agreement to the Company or that may be acquired by
the Company in the manner provided for in Article II of this lease as also all products
exported shall be free of all imposts and taxes during the tenure of the present
Concession.
All material and apparatus of every kind necessary for the exploration, working
and development of the deposit and for the construction and development of the pipe
lines, including also all the works specified in the first paragraph of Article 1 hereof
and office requirements, but not including the personal requirements of employees,
shall enter the said territories free of all taxes and Custom House duties.
This privilege shall continue in force until two years after the date upon which
the Company shall have declared that oil has been found in commercially exploitable,
quantities, or for a term of 10 years, whichever is the longer.
Article V.
The Shaikh undertakes to give all the protection in his power to the Company
and to their staff and labourers in any part of his territory from thefts, highway
robbery, assault, &c. Similarly the Shaikh undertakes to protect all the property
of the Company and of its employees which may be exposed to wilful damage or to
possible loss by theft.
If the Company’s work is delayed by such events as are mentioned in this Article
then the period of such delay shall be* added to the period for which this lease is
o-ranted and either (a) to the period before the expiration which the Company shall
^ive the declaration mentioned in Articles IX and X, if the delay occurs prior to such
declaration in which event the annual payment of Rupees Indian silver coin also widely used in the Persian Gulf. 10,000 shall be remitted
for the period of the delay or (b) to the period for which the royalty mentioned in
Article VIII shall hold good, if the delay occurs subsequently to the c eclaration
mentioned in Articles IX and X in which event the fixed rent ol Rupees Indian silver coin also widely used in the Persian Gulf. o0,000 shall
not be payable in respect of such delay, or (c) to the period for which the revised rate
of royalty, if any, or the original royalty shall hold good, if the delay occurs after the
time at which a revision is permitted by Article VIII, in which event also the fixed
rent of Rupees Indian silver coin also widely used in the Persian Gulf. 30,000 shall not be payable in respect of such delay.
Article VI.
For the above purposes it is agreed that the Company in communication with the
Shaikh shall appoint permanent trustworthy guards under a reliable man of gooc
family, whose pay, and that of the guards, shall be provided by the Company and w 10
shall remain there summer and winter. . , qi -ii j
If in spite of the efforts of the said guards thefts should occui, the Shaikh
takes to recover the property stolen and to compensate the Company tor any damage
sustained in his tern ton- In the event, of non-recovery of the stolen pyperv the
value thereof shall he deducted by the Company from any sums due to the Shaikh b>
^ The number of guards at any place where the Company may operate shall he
''^It^hal'rb^tiTduty of the above-mentioned head of the |'' ar ^ ha^e
the areas in his charge to such extent as the Company may oidei him, he shall l ave
no right to interfere in any disputes among the Company's servants unless asked by
the Company to do so.
Article VII.
In case of misconduct the said guards are subject to dismissal or fine by the
Company In the event of any heavier punishment being needed the oilendei shall
he handed over to the representative of the Shaikh, and the Shaikh undertakes
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