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arms and ammunition under safe precautions. It is proposed to introduce this
warehouse arrangement from on or about 1st September next. It will be conducted
on the following general lines: —
Firstly.—On or after 1st September all arms and ammunition of parts thereof
imported into my territories will be taken direct from the steamer to the special
arms warehouse, to the control of which a special Superintendent will be appointed
I by us.
Secondly.—Similarly all arms-dealcrs in my territories will be required to
deposit stocks remaining in their hands on 1st September in the said warehouse.
Any trader offending against this regulation will, in addition to other penalties,
render all future consignments of arms and ammunition arriving in his name
liable to confiscation, unless and until he complies with this regulation in full.
Thirdly.—No arms will be allowed to issue from the warehouse until duty has
been fully paid thereon to the Customs Superintendent in the usual way.
Fourthly.—The withdrawal of arms from the warehouse will be regulated by
the issue of special licenses prepared by the Superintendent and countersigned by
myself.
Fifthly.—Such licenses v/ill not be granted to traders but only to approved
individual purchasers or their duly authorised agents on the production of
satisfactory proof that the number, quantity and destination of arms, ammunition,
etc., to be withdrawn from the warehouse are free from justifiable objection.
Sixthly.—All arms issuing from the warehouse will be marked with a special
warehouse mark and serial number.
Seventhly.—Special rules will be drawn up providing for and regulating the
issue to approved traders of sample stock for exhibition in their shops.
Eighthly.—Rules providing for the collection of arms warehouse charges, on
stocks therein deposited, will be drawn up on the analogy of the present Customs
House Regulations for the levy of such fees on general merchandise.
Ninthly.—Special rules will be drawn up governing the transfer between
traders’ stocks deposited in the arms warehouse.
Tenthly.—Special relaxations will be arranged for in favour of flint-locks,
muzzle-loading gun powder and caps in reasonable quantities.
Lastly.—Detailed rules embodying the above principles are under preparation
and will be published in due course for the further information of all concerned.

APPENDIX H
(Paragraph 98)
Agreement between the Sultan of Muscat and the Imperial Bank of Iran, dated
July 10 1948
In the name of God the Merciful
This is an agreement made at Muscat on the tenth day of July in the year
one thousand nine hundred and forty eight between Sultan Saiyid Said bin Taimur
bin Faisal, Sultan of Muscat and Oman and Dependencies (in the exercise of his
powers as Ruler of the Sultanate) on his own behalf, of his heirs and successors
and The Imperial Bank of Iran, a company incorporated in Great Britain by
Royal Charter in the vear 1889, its successors and assigns (hereinafter called
“ the Bank ”).
Article I.—The Bank shall undertake all normal banking transactions locally
and abroad on behalf of the Government and people of the Sultanate except
as regards the province of Dhofar which is excluded from this Agreement.
Article 2.—The Bank shall charge reasonable rates of exchange and of interest.
Rates of interest charged shall not exceed those charged in other Persian Gulf
branches of the Bank.
Article 3.—(a) The basis on which the Bank’s business shall be conducted
shall be the currency recognised by the Muscat Government as legal currency
which will be notified to the Bank in writing by the Government. Payments to
the public will be made by the Bank in that currency. Should the Muscat
Government at any time recognise any different currency as legal currency, and
notify the public and the Bank accordingly, the Bank reserves the right to discharge
all its obligations, outstanding as at receipt of such notification, in the currency
recognised as legal when the obligations were incurred.
46639 2 s 2