Page 128 - Records of Bahrain (6)_Neat

116 Records of Bahrain

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runuoutod from tho Buhruin l'otroloum Ooiupuny. It ia
ovidont thoroforo that tho royalty of the vpitur off-
ehoro coneeuaion lu fur laoro furourublo thuu tho royalty
which iu now roipjoatod for Huliruin, Aooording to pub-
lluliod reports tho terms of tho rooont oonoouulan in tho
Kuwuit houtral Zone aro oonolderably higher than tho

toriau for tho now ^wtur eonooaoion. Qoia^pariuon botwoon
tho royalty proposed hero for Bahrain and tho torus of
other old oonooBBlons which have not yot oome up for
roviulon uro lrrelorunt.

•A. Tho roviBod royalty rute of H« 10/-(ton rupooa)
per ton nhould remain offootivo for ton youre from
Junuury let, ltfbO, with tho provision that tho rato
ahull bo uubjoct to u furthor roviulon at any time dur­
ing tho first fivo yours of that poriod in tho ovont of
the total production of royalty oil^from tho udditionul

uruu, if oil in found thoro, dropping bolov/ u dully
uvorngo during any royulty period of £5,000 (twentyfivo -
thuuunnd) barrolu per day, uubjoct to tho cupacity of
known oil fioldu within Uuhruin to produoo thut quantity
under good oil field praotioo.

5. In view of tho abort timo remaining boforo tho
revised royalty rute will oomo into offoot I havo atatod
lioro the minimum toruu which llio liighnosa la proparod to
aecopt.
I havo tho honour to be,

Hir,
Your Obodiont Horrent,
.C.

Adviser to the Government.

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