'File 39/2 (1 B/8) Effect of abrogation of APOC concession by Persian Government on oil market in Bahrain' [‎34r] (67/80)

Company may not exploit them in accordance with the present Concession, nor
object to their exploitation by other persons (subject to the due compliance with
the terms of clause (c) of article 7); but the Company shall have the right to
utilise the said substances or the woods and forests above mentioned if they are
necessary for the exploration or the extraction of petroleum.
(c) All boreholes which, not having resulted in the discovery of
petroleum, produce water or precious substances, should be reserved for the
Government which shall immediately be informed of these discoveries by the
Company, and the Government shall inform the Company as soon as possible
if it wishes to take possession of them. If it should so wish, it shall watch that
the operations of the Company be not impeded.
Article 13.
The Company undertakes to send, at its own expense and within a reason
able time, to the Ministry of Finance, whether the representative of the Govern
ment shall request it, accurate copies of all plans, maps, sections and any other
data whether topographical, geological or of drilling, relating to the territory
of the Concession, which are in its possession.
Furthermore, the Company shall communicate to the Government throughout
the duration of the Concession all important scientific and technical data
resulting from its work in Persia.
All these documents shall be considered by the Government as confidential.
Article 14.
(a) The Government shall have the right to cause to be inspected at its wish,
at any reasonable time, the technical activity of the Company in Persia, and to
nominate for this purpose technical specialist experts.
(b) The Company shall place at the disposal of the specialist experts
nominated to this end by the Government, the whole of its records relative to
scientific and technical data, as well as all measuring apparatus and means of
measurement, and these specialist experts shall, further, have the right to ask
for any information in all the offices of the Company and on all the territories
in Persia.
Article 15.
The Government shall have the right to appoint a representative who shall
be designated “ Delegate of the Imperial Government.” This representative shall
have the right-—
(1) To obtain from the Company all the information to which the stock
holders of the Company are entitled.
(2) To be present at all the meetings of the Board of Directors, of its
committees and at all the meetings of stockholders, which have been
convened to consider any question arising out of the relations between
the Government and the Company.
(3) To preside ex officio, with a casting vote, over the Committee to be set
up by the Company for the purpose of distributing the grant for and
supervising the professional education in Great Britain of Persian
nationals referred to in article 16.
(4) To request that special meetings of the Board of Directors shall be
convened at any time, to consider any proposal that the Government
shall submit to it. These meetings shall be convened within fifteen
days from the date of the receipt by the secretary of the Company
of a request in writing to that end.
The Company shall pay to the Government to cover the expenses to be borne
by it in respect of the salary and expenses of the above-mentioned delegate a
yearly sum of two thousand pounds sterling (£2,000). The Government shall
notify the Company in writing of the appointment of this delegate and of any
changes in such appointment.