Page 675 - PERSIAN 9 1941_1947

7.

between the Commander, the Political Agent and His Higjmess.

XI. ROYAL AIR FORCE.
The Royal Air Force established a small standing camp at
Bunaid-Al-Gar which was used throughout the spring months by
officers and other ranks of the Royal Air Force on week-end leave.

XII. KUWAIT OIL COMPANY.
The year 1947 wa3 the first complete year of oil' production,
A quantity of 1,925,476 tons was produced ana subsequently shipped
by tankers. Satisfactory progress was made on the Company's
installations in spite of shortage of supplies from the United
Kingdom and the United States of America. In addition to the hew
producing well3 completed during the year further development
continued in the oil fields such as tne laying of pipe-lines.#
erection of storage tanks and additional oil handling facilities.
The Company's housing scheme has also progressed satisfactorily.
Arrangements have been made to build an oil loading jetty
near the submarine pipe-lines at Fahahil together with cargo off­
loading facilities ana a small boat harbour. On the completion of
these the company will be able to ship large quantities of crude
oil.

The increase in staff during the year is shown by the
following figures of the company's personnel strength.
1946 1947.
Senior Staff 78 409
Junior Staff 144 393
Foreign Artisans 218 1266
Local labour. 1193

XIII. THE UPERIAL BANK OF IRAN.
The Bank continued to have the confidence of the public and
consequently there has been a substantial increase in deposits and
in documentary credits *
With the readier availability of supplies from the United
Kingdoi
om and the facility given to importers for most of the year of
purcha sing goods from various European countries against payment in
ng, the sterling exchange at the Bank's disposed was fully
sterling, the sterling exchange at the Bank’s dispo
employed in the constitution of credits and in paym ent of document-
ary collections received from abroad. The chief imports from the
United Kingdom were cement, electr ical equ ipme nt, piece good s,
electrical equipment, piecegoods, bicyc-
les. radios, and cigarettes but it was easier to obtain rayon,
but it was easier to obtain rayon.
cotton and woollen piecegoods from Italy than from the. United
Kingdom.
Sterling sold the Kuwait Oil Company to the bank increase
steadily and, at the e 3 of the year approximated to £200,000
per month.
Z The exchange