Page 280 - Records of Bahrain (7) (ii)_Neat

670 Records of Bahrain

in order that the Bahrain Governinont may not lose
the benefit of the extra revenue for the current
year. In order to help in' speeding up the process
I should be grateful if the competent experts

on our side might now begin to study the implications
of the proposed change insofar as it concerns
| us, i.e. the effect on the sterling agreement with

I Her Majesty’s Treasury and the nature of any
revision of the Bahrain income tax law Which
• might be required and which we would have to apply
i
:by Queen’s Regulation. The Company lawyers will
i
•no doubt wish to discuss these questions with us
in the near future.

5. Mr. Skinner emphasised the particularly
I confidential nature of the information which he
i gavo me about Aramco’s negotiations and I shall

:
be grateful if his confidence may be scrupulously
respected*
6. Mr. Skinner also told me that in a further
ondoavour to satisfy himself that the Bahrain
Govurnmont were receiving all possible benefit
i
from the operations of the Company, he had raised
in New York the question whether the crude oil
produced in Bahrain should be priced on a higher

basis because the Bahrain refinery was equipped
to use it in unstabilised form (i.e, before the

/removal