PZ 1507/1940 'UK-Persia: agreement to facilitate Persian purchases of material for defence and development' [‎8v] (18/24)

4
“FORM A.”
Letter to be written by the Diplomatic Representative of the Empire
of Iran at the Court of St. James to the Anglo-Iranian Oil
Company, Limited.
Dear Sirs,
Referring to the Agreement made at Teheran on the 29th of
April, 1938, between the Imperial Iranian Government and the Anglo-
franian Oil Company, Limited (hereinafter referred to as “the
Concession ), I hereby, on behalf of my Government, give you
notice that the Government has, by virtue of a Credit Agreement
dated the 16th February, 1940, a copy of which I annex hereto,
secured the principal and interest referred to in the said Credit
Agreement by way of First Charge upon the royalties and other
payments payable by your Company under Articles 10 and 11 of
the Concession.
In pursuance of Article 5 of the said Credit Agreement, I hereby,
on behalf of the Imperial Iranian Government, irrevocably authorise
and request you to pay direct to the Export Credits Guarantee
Depai tment on the date for the payment of royalties or other
payments payable by you in accordance with the terms of the
Concession next following that on which the Export Credits Guarantee
Department shall have called upon you so to do. in sterling in
London, such a sum as the Export Credits Guarantee Department
shall have certified to you in writing to be required by them for
tie repayment with interest of the sums paid for account of mv
Government m accordance with the said Credit Agreement, and to
deduct from the said payments due to be made by you to my
* PUrSimnt t0 A / tiGle ? 10 and 11 of the Concession amounts
equal to the sums so paid to the Export Credits Guarantee Depart-
ment and the receipt of the Export Credits Guarantee Department
for the sums so paid shall be a discharge to your Company in respect
of the sums so deducted, and only the balance shall be payable to
my Government under Articles 10 and 11 of the Concession If
o^thTr dU6 b6 Paid by • V0Ur Com P an y und er Articles 10 and 11
of the Concession on any particular date shall be insufficient to
provide for the amounts required by the Export Credits Guarantee
epartment previous to that date any balance shall be provided out
to the sS^Ar^s oVtb^r ° n ^ ^ f ° ll0wirig da ^ es P ursuant
Tha aiS . /u U the , Concession as and when they fall due
The above authority and request are irrevocable until the Fxnnri
Credits Guarantee Department shall have certified in wrf P *
your Company that the whole of the Zl ptidtr « oTm^
*