"F-82 82/27 I: نفط قطر" [و‎‎١‎٩‎٨] (٧٣٠/٤٢٠)

8./
Petroleum Company, proposed that safeguards to
prevent a further assignment to a non-British Company
should be inserted, together with the remaining safeguards
for British interests on the model of Bahrein. The idea
was, therefore, to apply the precedent of Bahrein,
modified only so far as is essential because of the
assignment to the Iraq Petroleum Company.
5. The logical consequence, therefore, is to amend
the concession now under discussion in such a manner as
to permit the assignment to the Iraq Petroleum Company,
but to foroid further assignment, to any company which
does not come within all the restrictions given in
paragraph 3 above.
6. Should, however, the Anglo-Persian Oil Co.
dislike the idea of writing all of the safeguards into
the concession at this stage, we should regard it as
important not to press the point too hard.
American interests have already secured Hasa and
Bahrein and may also secure Koweit, and we are therefore
anxious to avoid still further American penetration and
do not wish to frighten the Iraq Petroleum Company out
of Qatar.
7. We should therefore suggest the following as a
second line of defence
) 1^3 (l) Article 12 of the draft concession to be amended
to provide that, in the event of assignment
by the Iraa Petroleum Company, the Assignee
Company should be registered in Great Britain
or Canada, and that the terms of any
assignment should be submitted for the
approval of the Sheikh.
(2) When the draft Assignment is received, efforts
to be made to include in it as many cf the
safeguards mentioned above as may be possible,
having regard to the constitution of the
Assignee Company,