Page 230 - Records of Bahrain (7) (ii)_Neat

620 Records oj Bahrain

ww. of 1371
No l(o ^
Offico of the Advisor to
the Government, Bahrain.
Datod. April 6, 1952
Rajab 12, 1371

From
The Advi3er to tho Government of Bahrain,
Bahrain,
Persian Gulf.

To

1 E. A. Skinner. Esq.,
Tho Bahrain Petroleum Co • 1 Ltd.,
Bahrain,
Persian Gulf.

Dear Sir,
I am instructed by His Highness to write to
you on the subject of the discussions vhioh have
boon in progross for some wook3 between His High­

’ ness and yourself regarding a revision of the pay­
ments which aro made by tho Company to tho Bahrain
Government,

i 2. His Highness is not satisfied with tho
present revenue from oil. lie finds that the
existing terms aro far less favourable thun those
which are now enjoyed by other Arab statos in this
region whore oil companies aro working, Agreements
have been made lately by other Governments with the
oil companies holding concessions from them in which

the profits from the crude oil which is owned by the
state have boon equally dividod between tho state
and tho company which produco3 the crude oil, In
-
ordor to arrive at a systom by which profits from
crudo oil are equally shurod His Highness proposes

that the Government's share of the profits should be
collected through a £0# income tax upon tho profits