مجموعة ٣٠/ ٢٢٤ "ترتيبات العملة في المشيخات العربية في الخليج الفارسي." [ظ‎‎٣‎٢] (١٥٧/٧٢)

11
- 8 -
giliUr'T^ii ill
utilisation of the aur^XuB iuiids oi _,Uie„Gul l utateg
/j\ bas Ijssu stated, triat ttio ifeiddle s^i -ui oil pr>ouoiAg
countries will earn in the aggregate, in royalties and 1 opal
expenditure by the Oil Cotapanies, soiiething Hke £1,uoO mixlion
orar a period of ten years. The following ere the figures of
royalty and local expenditure of the countries concei>ned. 1
cannot vouch for their accuracy.
me ■
.etiuiated
koyalties
:o./alties
.n.
.n .
Persia
9
dudi .^rabia
7
20
Iraq
2
15
Kuwait
20
13
local
above
25
33
70
fTso
territories
In addition to tbe above, large sums will accrue to
Bahrein, 4 ator, Trucial Coast and Muscat*
(II) These figures are alarming as well, as astonishing.
They are alarming because of the effect of them on the countries
concerned particularly the backward i>heiichdoms - the countries
destined to pass from deep poverty to vast riches. The oil
wealth, both actual and potential, of these bheikhdoms has
already changed their political economic and financial structure
and is likely to cause even more profound displacements in all
these spheres in the near future. The area to which this vast
wealth will accrue is too important to the general and epeciilc
interests of H.M.G. for it to be possible to leave the Sheikhdoms
to cope unaided with the serlcus problems:.that have abisen and
ill arise through this accretion of wealth. It seems that
E.M.G, must take a hand in ll taping policies of these countries,
particularly of the Gulf Sheikhdoms, to ensure as far as possible
that vvjs wealth accruing to theta is properly appli&d.
(III) Within the land mass of toe Middle Sast, there are
vast new areas which could be brought under the plough and so
increase the food supplies of the Middle East. But to achieve
tills many major development projects must be undertaken and
large capital expenditure to bring them to fruition,
ins financial resources are not in every case availabl within
t.ie country in which development is desirable; on the other
hand, some countries are receiving and will receive large sums
oi money iar iu excess of the amount that could be economically
spent within that country. The logical sequence to this situation
marry the need of the one with the resources of the other.
I* the whole land mass of the #did,le iiast were one country#
instead of .being coiuposed of 4 many (for the most part inde endent)
countries, there would be no problem on the ecore of financial
resources development purposes. $0 marriage would be
necessary, it ib the existence of separate countries
/within