مجموعة ٦/ ٤٨ "النفط: امتيازات في المملكة العربية السعودية. (الأحساء)" [و‎‎٢‎٣‎٩] (١١٥٣/٤٧٧)

future payments to the new bunk* It is agreed that GoYerraaont
will designate such Beak In ^audl Arabia, or in the United states
of America f or in -Sagiancl, or in Holland, but that no bank in
Saudi Arabia will be eo designated uaiese such bank has a
correspondent in United states of ^erioa, ^ngl<md or Ho land
through which denk transfers of money to £aual Arabia any be
mada. Once the Coatpany has made the proper payment to the
Goremasjnt or has deposited the proper sum to such correspondent
for ti'ansfer to a bunk in ^ucti ^rabia, the Oc»ip*iny uhulX b©
free Mr nil further responsibility in connection with payment.
It is agreed howr&r that the first payment of thirty fire
thousand pounds gold, or its erj iY&lent (comprising the first
payment and the first annual rmiiult shall be made, within
fifteen days after the effective date of this agreement, to a
correspondent in Hew fork or in London, of hetharl ode Trad in*
society (iiederliindsche Handel^.astschappi j) at Jed da, ~&udi
Arabia, to be transmitted without delay, and at the expense of
the uompnny, to said society and to be c^tlivered to the Govern—
ment upon obtaining e proper receipt from the Government for
such payment. If this first payment is not muds in go d, it
•ill b* made in pounds sterling at the current rate of exchange
at the ti*. e the Compr>ny makes the payment to such correspondent.
article 17 .
as soon os practicable after tha date of discovery of oil
in commercial quantities, the Company shall select setae point
within **audi i^rabie for the erection of a plant for manufactur
ing sufficient gasoline and kerosene to meet the ordinary re
quirements of the Oo ornftoat, providing of course that the
character of the crude oil found will pemit of the aenuf&cture
of such products on a com croial fcnacbinss b*>sls by the use of
ordinary refining methods, fcna provided further that the amount
of oil developed is sufficient for the purpose. It Is under
stood that the ordinary roqulrer^nts of the Goverm^nt shall not
include resale Inside or outside of the country. U on the
completion of the necessary preliminary arrungea^nt^, and as
soon as the Gompanv has obtained the Government's consent to
the proposed location, the Company shall proceed with the
erection of such plant, paring e*$eh year following tho date
of completion of this plant, the comps my shell offer free to
the Government, in bulk, two hu dred thou and American gallons
of gasoline and one hundred thousand gallons of kerosene, it
being understood that the facilities provided by the Government
for accepting these deliveries shall not impede or endanger
the Company* s operations.
fhe company, at its o n exp<mae, will employ the neoor, mry
number of guards and guid a to protect ita representatives, its
camps and installations, the Government promise to co-operate
fully in supplying the best soldiers and mn available for this
responsibility, and in fur niching every reasonable protection,
at rates not exceeding those cuatawerily paid by the Goverr amnt
or others for similar services, it being understood that the
expense for such services shall be paid by the company through
the Government.
In return for the obligations assume by the Company under
this contract, and for the payments required from the company
herein* er, the Company and enterprise shall be exempt frost all
direct ancL indirect taxes, imposts, charges, fees and duties.