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'IRAQ AND THE PERSIAN GULF' [318v] (639/862)
The record is made up of 1 volume (430 folios). It was created in 1944. It was written in English. The original is part of the British Library: India Office The department of the British Government to which the Government of India reported between 1858 and 1947. The successor to the Court of Directors. Records and Private Papers Documents collected in a private capacity. .
Transcription
This transcription is created automatically. It may contain errors.
498 CURRENCY, FINANCE, COMMERCE, AND OIL
depot in the 5-year period ending 1939/40 was as follows (in thousand
gallons):
Year
Petrol
Aviation
spirit
Kerosene
Fuel oil
1935/6
4,162
49
4 , 33 i
14,559
1936/7
5,108
37
5,124
I 5 , 42 i
1937/8
6,258
48
5 , 27 i
17,629
1938/9
6,777
21
6,687
18,125
1939/40
7,583
12
7,787
20,417
Oil Royalties and Finance
A very important source of revenue to Iraq is derived from the
royalties paid by the oil companies. By the agreement made with
the Iraq Petroleum Company on 24 March 1931, an annual rent of
£200,000 (gold) is payable together with a royalty at the rate of 45.
a ton on a minimum production of 2 million tons of crude oil a year
for the first 20 years. A first payment of £400,000 was made in May
1931, but by the time the second payment fell due, on 1 January 1932,
Britain had left the gold standard. The difference between payment
in gold and sterling amounted to £169,000 sterling.
A rather similar agreement was made in 1932 with the B.O.D.C.,
which undertook to pay an annual rent rising from £100,000 (gold)
in 1933 to £200,000 in 1937, plus a royalty of 4s. a ton for 20 years
after the commencement of regular export, with a minimum total of
£200,000 and one-fifth of the oil extracted to be given free of cost
to the Iraqi Government. A similar royalty at the rate of 4s. a ton
is paid by the Khanaqin Oil Company, but the minimum total is
lower and the total payable is considerably less than that paid by
the I.P.C.
The sum received from oil royalties annually from 1934/5 to
1939/40 is shown in the figures for the Special Budget on page 483.
In 1939/40 it amounted to over 2 million dinars.
About this item
- Content
The volume is titled Iraq and the Persian Gulf The historical term used to describe the body of water between the Arabian Peninsula and Iran. (London: Naval Intelligence Division, 1944).
The report contains preliminary remarks by the Director of Naval Intelligence, 1942 (John Henry Godfrey) and the Director of Naval Intelligence, 1944 (E G N Rushbrook).
There then follows thirteen chapters:
- I. Introduction.
- II. Geology and description of the land.
- III. Coasts of the Persian Gulf The historical term used to describe the body of water between the Arabian Peninsula and Iran. .
- IV. Climate, vegetation and fauna.
- V. History.
- VI. People.
- VII. Distribution of the people.
- VIII. Administration and public life.
- IX. Public health and disease.
- X. Irrigation, agriculture, and minor industry.
- XI. Currency, finance, commerce and oil.
- XII. Ports and inland towns.
- XIII. Communications.
- Appendices: stratigraphy; meteorological tables; ten historical sites, chronological table; weights and measures; authorship, authorities and maps.
There follows a section listing 105 text figures and maps and a section listing over 200 illustrations.
- Extent and format
- 1 volume (430 folios)
- Arrangement
The volume is divided into a number of chapters, sub-sections whose arrangement is detailed in the contents section (folios 7-13) which includes a section on text-figures and maps, and list of illustrations. The volume consists of front matter pages (xviii), and then a further 682 pages in the original pagination system.
- Physical characteristics
Foliation: the foliation sequence (used for referencing) commences at the front cover with 1, and terminates at the inside back cover with 430; these numbers are written in pencil, are circled, and are located in the top right corner of the recto The front of a sheet of paper or leaf, often abbreviated to 'r'. side of each folio.
Pagination: the file also contains an original printed pagination sequence.
- Written in
- English in Latin script View the complete information for this record
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'IRAQ AND THE PERSIAN GULF' [318v] (639/862), British Library: India Office Records and Private Papers, IOR/L/MIL/17/15/64, in Qatar Digital Library <https://www.qdl.qa/archive/81055/vdc_100037366481.0x000028> [accessed 23 March 2025]
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Copyright: How to use this content
- Reference
- IOR/L/MIL/17/15/64
- Title
- 'IRAQ AND THE PERSIAN GULF'
- Pages
- front, back, spine, edge, head, tail, front-i, 2r:253r, 254r, 255r:429v, back-i
- Author
- East India Company, the Board of Control, the India Office, or other British Government Department
- Usage terms
- Open Government Licence