Page 72 - The Persian Gulf Historical Summaries (1907-1953) Vol III

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In witness whereof Sir Reginald James Bowker, K.C.M.G., on behalf of Her
Majesty’s Government, has hereunto set his hand and the D’Arcy Kuwait Company
has hereunto caused its Common Seal to be affixed the day and year first written
above.
Signed and delivered by the said Sir Reginald
James Bowker, K.C.M.G., on behalf I James Bowker.
of Her Majesty’s Government in the | M. P. Haragar.
presence of:
The Common Seal of the D’Arcy Kuwaiti M. R. Bridgeman.
Company Limited was hereunto affixed A. Angiloni.
in the presence of: Secretary.

(a)
Letter, dated January 6, 1953, from the Kuwait Oil Company to the D’Arcy
Kuwait Company accepting the Terms of the Political Agreement (at
No. 3 above)
We have received from the Foreign Office a copy of their letter dated
27th November, 1952, addressed to your Company, enclosing a copy of a new
Political Agreement to replace the Agreement signed between His Majesty’s
Government and Kuwait Oil Company Limited on 5th March, 1934.
We confirm that, in accordance with Article 17 of the Political Agreement,
this Company accepts and will comply with the terms of the said Political
Agreement

No. 4
Political Agreement between Her Majesty’s Government and the Gulf Kuwait
Company replacing the Political Agreement of March 5, 1934, with the
Kuwait Oil Company (No. 2 above), dated December 11, 1952
Article 2*
The Company, any transferee Company and any subsidiary Company that
may be created in connexion with the Company’s operations under the Concession
shall, except with the prior consent in writing of Her Majesty’s Government, be
and remain an American Company incorporated in the United States of America,
or a British Company registered in any of the countries of the British Common­
wealth of Nations, of which no more than 49 per cent, of the capital or voting
power shall be directly or indirectly controlled by persons other than British
subjects or United States citizens. Any operating company which may be
created in connexion with the operation of the Concession shall be a British
company registered in any of the countries of the British Commonwealth of
Nations and wholly owned in equal shares by the Company, its permitted
successors and assigns, and the D’Arcy Kuwait Company Limited, its permitted
successors and assigns.

In witness whereof Sir Reginald James Bowker, K.C.M.G., on behalf of Her
Majesty’s Government has hereunto set his hand, and Gulf Kuwait Company
has hereunto caused its Common Seal to be affixed the day and year first
written above.
Signed and delivered by the said Sir Reginald
James Bowker, K.C.M.G., on behalf 1 James Bowker.
of Her Majesty's Government in the M. P. Haragar.
presence of: —
The Common Seal of Gulf Kuwait Company'
was hereunto affixed in the presence >
of: —
C. W. Hamilton,
Vice-President.
• Note.—All Articles of the Agreement, except Article 2, are identical with those of the
Political Agreement signed on December 11, 1952, between Her Majesty’s Government and the
D’Arcy Kuwait Company.