'File 39/2 (1 B/8) Effect of abrogation of APOC concession by Persian Government on oil market in Bahrain' [‎9v] (18/80)

veal interests of Persia. The defects and shortcomings
of the D’Arcy Concession and its disagreement with
Persian interests have been repeatedly pointed out, and
of course the Persian Government cannot legally and
logically consider itself bound to the provisions of a con
cession which was granted priojr to the establishment of
a constitutional regime in view of the manner in which
such concession was obtained and granted at that time.
However, the Persian Government in the hope that the
Company would take into consideration the needs of the
time and the present position of Persia, and secure her
interests in accordance with those needs, has so far
refrained from exercising its rights to cancel the D'Arcy
Concession. Unfortunately, in the face of the patience
displayed by the Persian Government, the Company not
only took no practical steps to protect the interests of
Persia, but the more the Company’s expansion increased
the more Persian interests were endangered. .Therefore
the Persian Government has lost hope of achieving the
object in view by means of negotiations with the Com^
puny, and therefore the only way to safeguard its rights
is by a cancellation of the D’Arcy Concession, and this
Ministry in accordance ivith the decision of the Persian
Government has to notify you that as from this date it
has cancelled the D’Arcy Concession and will consider it
void. At the same time, as the Persian Government has
no other intention except to safeguard Persian interests,
should the Anglo-Persian Oil Company be prepared con
trary to the past to safeguard Persian interests, in
accordance with the views of the Persian Government,
on the basis of equity and justice, with the necessary
security for safeguarding those interests, the Persian
Government will not an principle refuse'to grant a new
concession to that Company.