"ملف ٨٢/٢٧ III (F 84) شركة النفط الأنجلو فارسية أ.ب.و.ك: نفط قطر" [و‎‎٢‎٤‎٦] (٦٣٨/٤٩٧)

desirability of infoming the Sheikh that the A.P.O.G.
were acting on behalf of the I.P^C. was also discussed.
It vuas agreed that the Sheikh could have no formal
ground of complaint in this respect in view of ^rt.12
of the Commercial Agreement and Sir Louis Kershaw
suggested that the position might suitably be explained
to him informally by Col. Fowle at a later stage. It
vms not anticipated that there would be any difficulty
vjith the Sheikh on this point.
■The meeting then turned to consider the terms of
the draft Government Agreement. Article 1 was
acceptable to the Companies.
Nationality of subsidiary Companies .
Article 2. Mr. Agnew saw great difficulty in the
provision that subsidiary Companies should b« registered
in Great Britain since this would involve a liaoiliuy
for U.K. taxation. Under the constitution of the I.P.O.
its subsidiaries might be of any nationality. He did
not think that the French and American groups would
mind subsidiary Companies being registered in Great
Britain except for the fact that this would invoke
them in double taxation to which they very naturally
objected. The Shell and the A .P.O.C. oared nothing
themselves for this point since they were m any case
liable to U.K. taxation. SiilLouisJC^^ suggested
that this tax liability might be an additional reaoon
for the foreign elements in the I.P.C. not vjanc ing to
participate in the concession, but s ^ id
that the jealousies within the Board of the I-P.C. v.ere
such that there was no prospect 01 the two Brioi
gr cup s/