Page 251 - The Persian Gulf Historical Summaries (1907-1953) Vol III

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of the exercise by His Majesty’s Government of the powers conferred by this sub-
clause. Any such compensation shall be settled by agreement between His Majesty’s
Government and the Company or, in default of agreement, by arbitration in the
manner provided by sub-clause (3).
Signed, sealed and delivered by the said'
John Charles Walton on behalf of
His Majesty’s Government in the J. C. Walton, (L.S.)
presence of:
A. C. B. Symon,
India Office.
The Common Seal of Petroleum Con­
cessions Limited was hereunto (Seal)
affixed in the presence of:
Cadman, Director.
E. J. Brown, Secretary

(a)

Letter, dated January 23, 1946, from the Political Agent, Bahrain, to the Ruler
of Ras-al-Khaimah requesting him to agree to obtain His Majesty’s
Government’s approval before entering into negotiations with a bank.

Text not available.

(b)
Letter, dated February 1, 1946, from the Ruler of Ras-al-Khaimah to the Political
Agent, Bahrain, agreeing to the request made in (a) above
In reply to your letter dated 20th Safar regarding that should I wish to grant
permission to a Bank to open a branch or agency for the Bank in my country, as
mentioned in Article 25 of the concession, I shall obtain the approval of His
Majesty’s Government before entering into any negotiations with the Bank.

No. 19
FUJAIRAH EXPLORATION AGREEMENT
Exploration Agreement between the Ruler of Fujairah and Petroleum Development
(Trucial Coast) Limited, dated August 18, 1953
In the Name of God the Merciful.
This is an Agreement made at Dubai on the 18th August, 1953, that is, the
7th The AI Hajja, 1372, between Shaikh Mohd Bin Hamad A1 Sharqi in the
exercise of his powers as Ruler of Fujaira, on his own behalf and on behalf of
and in the names of his heirs and successors to whom is and shall be vested for
the time being the responsibility for the control and Government of the State of
Fujaira (hereinafter called “ the Shaikh ”) of the one part and Petroleum Develop­
ment (Trucial Coast) Limited, a Company registered in Great Britain under the
Companies Act, 1929 (hereinafter called “ the Company ”), its successors and
assigns of the second part.
Article 1
The area to which this Agreement refers is the State of Fujaira, including all
islands and territorial waters appertaining thereto and all the sea-bed and sub-soil
under those territorial waters (hereinafter called " the State ”).