"ملف ٥/٢ VI المنطقة المُحايدة في الكويت" [و‎‎٢‎٣‎٩] (٧٠٢/٤٧٧)

Redraft
1.8.49.
for every English Ton (2 # 240 pounds)
oi petroleuza won and. saved lay tile Cojapany in til e de fi ned ar^ea
during the year ending three (3) months prior to the
annivereary of the date of signature.
Or.
whichever shall be the greater sum.
For the purpose of this Agreement and to define the
exact product to which the Royalty stated above refers, it is
agreed that the Royalty is payable on each English Ton (2,240
pounds) of net crude petroleum won and saved by the Company
from within the de fine d area : that is alter deducting water,
sand and other foreign substances and the oil required for the
customary operations of the Company 1 s installations in the
defined area and in Kuwa it.
received by the Company from the sale of any natural gas or
natural gas products produced, manufactured and sold from the
defined area by the Company, less the cost of handling and
transportation of such natural gas or natural gas products from
the place of production to final destination or point of
consumption.
Wirt Any obligation hereunder to pay a specified sum in
(romma 'tailing
(United States Dollars shall be discharged by the payment of a
(l2.™^a_3_terll.ii^ ( lank ot
sum in (United States Dollars equal to the official (United
( Ragland
(States Ooverament purchase price in force at the date of
payment of such Quantity of gold, of the standard and fineness
prevailing at the date of the signature hereof, as such
specified sum would have been sufficient to purouase at the date
i Baak of Rn^land
tin ited Statea
Government price then in force. The principle underlying this
(Pemid a^yling
paragraph is that the present value of the (United States Dollar
shall be maintained throughout the term of this Agreement.
(£)/{*& Ko money jpaid by the Com pany to the Shaikh ah alf^ exce^Jt
in the case of an error in accounting, be returnable in jyiy
circu m stances whatever .
£er_oent
of the gross proceeds