Page 247 - The Persian Gulf Historical Summaries (1907-1953) Vol III

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(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 ease of a 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
Should the Shaikh decide to grant permission for a Bank to open a Branch or
Agency in Ras-al-Khaimah 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.

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 confi­
dential person as between the Shaikh and the Company’s Representative and to
assist in procuring the labour and the Company may require. The salary of the
Sultan’s confidential person so appointed shall be paid by the Company, through
the Shaikh in Ras-al-Khaimah 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 above written.
And God is Gracious.
The Shaikh The Company
(Sgd.) Sultan bin Salim (Sgd) B. H. Lermitte

(a)
* Statement, dated August 26, 1952, by the Ruler of Ras-al-Khaimah,
Written
confirming that the Terms of the 1945 Agreement include the Sea-bed in
the Territory of Ras-al-Khaimah

T Shaikh Saar bin Mohammed, Ruler of Ras al Khaimah, confirm my
that the wording of Article 1 {a) of the Oil Concession Agreement
agreement