'F 80 File 82/34 I APOC Concession' [‎140r] (242/436)

of the loss* of the Govt. Can It be imgined that the whole
oil mines of the country with the exception of those in five
prorixw^e be ceded in concession without raa^ing epecial twm
term© for the superTieton arid inspection of the activltes
and the expenditures by the QoTt? Ihe transaction is really
one of deceit. How ana on what accounts this 16 1» to he paid
%o the Govt while there is no adequate knowledge of the
extent of exploitation, quAantit/ of refined oil, of trans
ported oil, of sold oil etc; Aether genuine or noi>-genuine
expeMiCures are being deducted from the total outcome, There
is no provision of the sort in the concession. The oil mines
W' 1 '
of the o nntiy, ^ith the exception of those in 5 provinces, have
and without an^ right of su-
been ceded In concession and unconditionally tex^texteiapsit?:
4A
perviaDn to the Ootapany against the payiiicat of any arbitrary
their
sum which they may like to call the 16} of xehk net Income.
non-
Another point \¥hich I wanted to raise in the fulfilment of one's
lack of
obligations and the respect due to tb provisions an^ delinqu-
ency in the payrnent of the other party*s rights, xvhich bring
abcnt right of cacellation of the contract in accordance with
all jurisaictl ons of tbe \?orld. I conclude a transaction with
you and do not fulfill the terms of that transaction; this
evidently gives yon ri^ht to oancell the transacticn. We have
many other arguments to advance in support of the righteousness
of this action of the Oovt. She accounts of the Company fnrfcieh
us a further reason to this end. If yon refer to the
c memlnJcile in the Mlntrof finance you will realise the
'with which
difficulties and themthode under which the accounts 0? the
Company were presented to us, I mean that they give us no account
but fix ev ry year tha luip sum that they are willing to pay.
In the year 1930 they ^ave us £1,300,000 and in I c J3i they ^ave
us £300,000 (Mahdavi: If we e amine the former accounts we
would see that the accounts of the former year are similar to
those of the next year). How did our royaltites dwindle to this
extent while we see that the oil output for the latter year