Page 193 - The Persian Gulf Historical Summaries (1907-1953) Vol III

188
the request of the other party be designated by the British Political Resident in the
Persian Gulf In the event of the arbitrators failing to agree within sixty days
after being chosen or designated the British Political Resident in the Persian Gulf
may appoint a referee at the request of the arbitrators or cither of them. The
parties hereby agree that if either of them shall request the British Political Resident
in the Persian Gulf to appoint an arbitrator or a referee they will on request by
the said British Political Resident each deposit with him (or secure the payment
to his satisfaction) one moiety of such sum as the said British Political Resident
shall specify as provision for the fees payable to such arbitrator or referee for his
services.
(c) The decision of the arbitrators, or in a case of difference of opinion between
them, the decision of the referee shall be final and binding upon both parties.
(d) In giving a decision the arbitrators or the referee shall specify an adequate
period of delay during which the party against whom the decision is given shall
conform to the decision and that party shall be in default only if that party has
failed to conform to the decision prior to the expiry of that period and not
otherwise.
(e) The place of arbitration shall be such as may be agreed by the parties and
in default of agreement shall be London.
Article 21
The Concessionaire shall make all payments that become due to the Shaikh
under this Agreement in sterling into the Shaikh’s account at the British Bank of
the Middle East, Dubai, or such other Bank as the Shaikh may from time to time
specify, and the Bank’s receipt shall be a full discharge for the Concessionaire in
respect to the payment of the sum stated in the Bank’s receipt. It is agreed that
so long as the Exchange Control Act 1947 of the United Kingdom or any enact­
ment replacing it shall be in force the Bank so specified by the Shaikh shall be a
Bank within the Scheduled Territories as defined by regulations made under that
Act.
Article 22
This Agreement is written in English and translated into Arabic. If there
should at any time be disagreement as to the meaning or interpretation of any
clause in this Agreement the English text shall prevail.
In witness whereof the parties to this Agreement have set their hands the Day
and Year first above written.
And God is Gracious.
SA’ID BIN MAKTUM, G. HESELDIN,
The Shaikh. The Concessionaire.
(Signed and Sealed) (Signed)
In the presence of In the presence of
JOHN G. B. COULSON, N. P. PROUDFOOT,
Solicitor. Solicitor.

No. 8
Political Agreement between Her Majesty’s Government and Mr. George
Heseldin, regarding the Off-shore Oil Concession granted to the former by
the Ruler of Dubai on August 7, 1952, dated December 1, 1952
This Agreement dated the first day of December one thousand nine hundred
and fifty-two, is made between Her Majesty’s Government in the United Kingdom
of Great Britain and Northern Ireland (hereinafter called “ Her Majesty’s Govern­
ment ”) of the one part and George Heseldin (hereinafter called “ the
“Concessionaire” which expression shall, in Articles 3 to 15 of this Agreement
and the Schedule hereto, include his successors in title and any subsidiary or
ooerating company to which any obligation or benefit of the concession may be
transferred or which may be created in connexion with the operation of the
concession) of the other part.