Page 241 - The Persian Gulf Historical Summaries (1907-1953) Vol III

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^ven^hhHrnevS«lfhn Parli.CS heACt0 !lavc agree.d t0 cancel thc agreement dated the
gpsilssSiis

Now it is agreed in manner following: —
1. All rights, privileges and obligations of the Ruler and of thc Company
respectively under the Revised 1938 Agreement shall now be cancelled
as from the date abovementioned. This includes cancellation of thc
period of three months’ written notice as provided for in Article 6 of thc
Revised 1938 Agreement.
2. Thc payment of Rupees Eleven thousand two hundred and fifty due on
7th June, 1945, in respect of the period 7th June, 1945, to 6th September,
1945, shall be the last payment due under thc Revised 1938 Agreement
and shall be in full discharge of all financial obligations under that
Agreement.

(Signed) SULTAN BIN SALIM. (Signed) B. H. LERMITTE.

In the Name of God the Merciful.
This is an Agreement made at Bahrain on the twenty-first day of June, 1945,
corresponding to the eleventh day of Rajab 1364 between His Excellency Shaikh
Sultan Bin Salim in the exercise of his powers as Ruler of Ras-al-Khaimah, Arabia,
on his own behalf and on behalf of and in the name of his heirs and successors in
whom is or shall be vested for the time being the responsibility for the control and
Government of the State of Ras-al-Khaimah (hereinafter called “ The Shaikh ”)
of the one part and Petroleum Concessions, Limited, a Company registered in Great
Britain under the Companies Act, 1929, (hereinafter called “The Company”) its
successors and assigns of the second party.

Article 1
{a) The area to which this Agreement applies is the State of Ras-al-Khaimah
including all Islands and Territorial Waters appertaining thereto, (hereinafter
referred to as “ The State ”) being all that Territory included in the Shaikhdom of
Ras-al-Khaimah.
The Shaikh agrees that when the Territorial limits of the State of Ras-al-
Khaimah have been determined the area covered by the Concession will be
coterminous with the limits so determined.
(b) Nothing in this agreement shall be read as restricting—in any way—the
right of the Shaikh to grant to others a lease or permit over an area or areas to be
used for the purpose of constructing an aerodrome and appurtenances thereto for
either aeroplanes or seaplanes; and such area or areas if and so granted shall be
entirely excluded for the purpose of this agreement.
Article 2
The period of this Agreement shall be 75 Calendar years from the date of
signature.
The expression year, month and day used in this Agreement shall mean what is
■consistent with the English Solar Calendar and not any other. Further, the weights
mentioned in this Agreement shall be reckoned on the English Ton of 2,240 lbs.
Article 3
The Shaikh hereby grants to the Company the exclusive right to explore search
for drill for produce and win natural gas asphalt ozokerite crude petroleum and
their products and cognate substances (hereinafter referred to as “ The Substances )
within the State, the exclusive ownership of all the Substances so produced and
won the right to refine transport sell for use within and without the State or for
exDort and to export or otherwise deal with or dispose of the Substances, and the

necessary for the purpose ot these operations.