Page 226 - The Persian Gulf Historical Summaries (1907-1953) Vol III

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No alteration shall be made in the terms of this Agreement by either the
Shaikh or the Company except in the event of the Shaikh and the Company jointly
agreeing that it is desirable in the interests of both parties to make certain altera­
tions, deletions or additions to this Agreement.

Article 24
(a) If at any time during the currency of this Agreement any difference or
dispute shall arise between the parties hereto concerning the interpretation or execu­
tion hereof, or anything herein contained, or in connection herewith, or the rights
or liabilities of either party hereunder, the same shall, failing any agreement to
settle it in any other way, be referred to two arbitrators, one of whom shall be
chosen by each party, and a referee, who shall be chosen by the arbitrators before
proceeding to arbitration.
(b) Each party shall nominate its own arbitrator within Sixty days after
delivery of a request so to do by the other party failing which its arbitrator may at
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 of either of them.
(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 25
The Company shall make all payments that become due to the Shaikh under
this Agreement into the Shaikh’s account at the British Bank of Iran and Middle
East, Dubai, and the Bank’s receipt shall be a full discharge for the Company
in respect to the payment of the sum stated in the Bank’s receipt.
Should the Shaikh decide to grant permission for a Bank to open a Branch
or Agency in Ajman the Shaikh shall consult with the Company as to which Bank
shall be given the permission.
The Shaikh may from time to time designate in writing another Bank or Banks
for the purpose of this article. i
Article 26
The Shaikh may select in consultation with the local Representative of the
Company a local man—conversant with the English language—to act as a confiden­
tial person as between the Shaikh and the Company’s Representative and to assist
in procuring the labour that the Company may require. The salary of the Shaikh’s
confidential person so appointed shall be paid by the Company, through the Shaikh
in Ajman and shall be at the rate of Rupees Four hundred (400) per month.
Article 27
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 written: —
And God is Gracious.

The Shaikh, The Company
(Sgd. and Sealed) (Sgd.) B. H. LERMITTE.
In the presence of
RASHID BIN HUMAID. (Sgd.) E. F. HENDERSON.