Page 139 - The Persian Gulf Historical Summaries (1907-1953) Vol III_Neat

133
(III) That with effect from 1st September, 1952, the payment amounting to
£2,007 sterling being paid to me in respect of the two Amirs and their
guards shall be taken into account in estimating the costs of exported
oil under Article 4 (c) of our Agreement of 1st September, 1952.
(IV) that with effect from 1st September, 1952, also the payment of
£990 sterling being paid annually to me in respect of Customs services
shall be taken into account in estimating the costs of exported oil
under Article 4 (c) of our Agreement of 1st September, 1952.
(V) It is understood, however, that the two sums mentioned in paras. Ill
and IV above might be increased or decreased as and when circum­
stances require, by agreement between us and the Company.
(VI) That these arrangements shall remain in force as long as the Amended
Convention (as defined in Article one of our Agreement of
1st September, 1952) is in force, and during this period I shall not ask
for an increase in the sum mentioned in para. II above which shall
remain fixed.
I agree entirely to all that is stated in the quoted paragraphs above without
prejudice to any points that are still under discussion and to which no reference
has been made.

00
Letter, dated March 25, 1954, from the Qatar Petroleum Company, Limited, to
the Ruler of Qatar undertaking to Observe certain Arrangements in the
Computation of its Income under the Qatar Income Tax Decree*
My Company undertakes in computing its income for purposes of the Qatar
Income Tax Decree* to apply as the total of the deductions allowable under
Article 4 of the said Decree in respect of any year or period the total of its costs
and expenses for the same year or period as finaly determined under Article 4 (c) (i)
of the Amended Convention dated 1st September, 1952. My Company under­
stands that Your Excellency agrees to accept the total of such costs and expenses
as the total of the said deductions to be allowed in computing income under the
Qatar Income Tax Decree.
I should be grateful if Your Excellency would be good enough to confirm
that the above understanding is correct.

* See Qatar Queen’s Regulation No. 1 of 1954.

(1)
Letter, dated March 28, 1954, from the Ruler of Qatar to the Qatar Petroleum
Company, Limited, Agreeing to the Arrangements in (k) above

I refer to your letter No. QPL/22/458 dated March 25, 1954.
I am satisfied with your Company’s undertaking in computing its income for
purposes of the Qatar Income Tax Decree* to apply as the total of the deductions
allowable under Article 4 of the said Decree in respect of any year or period the
total of its costs and expenses for the same year or period as finally determined
between us under Article 4 (c) (i) of the Amended Agreement dated 1st September,
1952. I also confirm that your Company’s understanding that I agree to accept
the total of such costs and expenses as the total of the said deductions allowable
in computing income under the Qatar Income Tax Decree, is correct provided
that the total of costs and expenses will be as laid down in the Amended Agree­
ment dated September 1, 1952, and in accordance with recognised methods.
♦ See Qatar Queen’s Regulation No. 1 of 1954.