Page 186 - The Persian Gulf Historical Summaries (1907-1953) Vol III

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may have bought and any houses or buildings constructed by the
Company and all other irremovable property of the Company within
your territory, including the producing wells and borings which shall
be handed over in reasonably good order and repair.
4. Please let me have a reply to this letter to the effect that you understand
the nature of the arrangements as set out above and that you are prepared to agree
to them. On receipt of your reply His Majesty’s Government will obtain from the
Company formal confirmation of their acceptance of the arrangements in question
and will communicate such confirmation to you.

(b)
Letter, dated May 22, 1937, from the Ruler of Dubai to the Political Agent,
Bahrain, accepting conditions set out in (a) above.

In reply to your letter No. 771, dated the 22nd May 1937 [No. 31, equivalent
to the 11th Rabi’ al Auwal 1356,1 beg to inform you that I have taken notice of the
conditions set out in your above-mentioned letter and that I agree to them.

(c)

Letter, dated May 22, 1937, from the Political Agent, Bahrain, to the Ruler of
Dubai, requesting the latter to agree to obtain His Majesty’s Government’s
approval before entering into negotiations with a bank
With reference to the Agreement signed by you on the 22nd May 1937
[No. 2] granting the Petroleum Development (Trucial Coast), Limited, an oil
concession in respect of your territory, I have been directed by His Majesty’s
Government to inform you that they are prepared to accord their approval to the
concession provided you accept the following condition, namely, that should you
wish to grant permission to a Bank to open a branch or agency in Dubai, as
mentioned in Article 25 of the Concession, you will obtain His Majesty’s Govern­
ment’s approval before entering into any negotiations with the Bank. On receipt
of your reply acepting the above condition, the formal approval of His Majesty's
Government to the Concession will be communicated to you and to the Company.

(d)

Letter, dated May 22, 1937, from the Ruler of Dubai to the Political Agent,
Bahrain, agreeing to the conditions mentioned in (c) above
In reply to your letter No. T/2, dated the 22nd May 1937 [No. 5], equivalent
to the 11th Rabi’ al Auwal 1356,1 beg to inform you that should I wish to grant
permission to a Bank to open a branch or agency in Dubai, I will obtain His
Majesty’s Government’s approval before entering into any negotiations with the
Bank.

(e)
Letter, dated June 12, 1937, from the Ruler of Dubai to the Political Agent,
Bahrain, agreeing to be guided by His Majesty’s Government’s advice in
exercising his right to terminate the concession under the Political
Agreement
I write to inform you that I undertake that I will be guided by the advice
of His Majesty’s Government in regard to my exercising the right of termination of
the concession which is referred to in paragraph 3 (b) of y our letter No. 771, dated
the 22nd May 1937 (No. 6 (o) above) equivalent to the 1 1th Rabi’ al Auwal 1356.