!['File 5/1 XIV Kuwait Oil Company' [‎100r] (206/570)](https://iiif.qdl.qa/iiif/images/81055/vdc_100000000831.0x0000fc/IOR_R_15_5_249_0210.jp2/full/!1200,1200/0/default.jpg "'File 5/1 XIV Kuwait Oil Company' [‎100r] (206/570)")
'File 5/1 XIV Kuwait Oil Company' [100r] (206/570)
The record is made up of 1 file (281 folios). It was created in 23 Dec 1936-4 Oct 1939. 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.
KUWAIT OIL COMPANY,
LIMITED.
<73
•grams
, Kuwait.
Your Reforenee
KUWAIT
15th May, 1937.
Our Reference
H.M's
Political Agent
A mid-ranking political representative (equivalent to a Consul) from the diplomatic corps of the Government of India or one of its subordinate provincial governments, in charge of a Political Agency.
,
KUWAIT.
5698 •
Sir,
We have the honour to confirm our recent conversations
regarding monetary and exchange conditions in Kuwait and wish
to thank you for the enquiries that you have made in this
connection.
We confirm the following points raised in our first
conversation on the 11th May
(1) The Kuwait Oil Co., have a banking account with the
Eastern Bank, Ltd., Basrah, the method hitherto
employed of obtaining cash lias been to sell Dinar
cheques to an Arab merchant, Abdul Kerim Abul, who
acts, we understand, as the Ruler's Treasurer and
Rent Collector.
(2) Until 5/5/37 we experienced no difficulty in obtaining
rupee coin in this manner at rates of exchange approximat
ing those ruling in Iraq, but on the date mentioned, we
were informed that owing to the flooding of the Kuwait
market with Dinars, a rate of Rs.13/1 per Dinar was the
best Kuwait offer.
At this time the Dinar/Rupee rate in Basrah was Rs.13/3/5.
(3) On making enquiries of Abdulla Mulla Saleh we were
Informed that the causes of this unfavourable rate were:-
(A) Heavy purchases by Iraq merchants of lamb skins
for v/hich payment was made in Dinars •
(B) Seasonal requirements of Indian exchange to meet
cost of rice and other Indian shipments arriving
at this time of the year.
(C) Requirements of
rupees
Indian silver coin also widely used in the Persian Gulf.
for financing the pearling fleet.
(4) In view of the alleged local market conditions we obtained
from our bankers in Basrah, Rs.20,000 worth of rupee
drafts at the Basrah rate of exchange and these, Abdul
Kerim Abul undertook to cash locally at 1% commission.
In this way a rate of exchange slightly better than the
local offer was obtained.
(5) After obtaining Rs.16,000 in coin we were informed by
Abdul Kerim Abul’s son that owing to export of
rupees
Indian silver coin also widely used in the Persian Gulf.
there were only 30,000
rupees
Indian silver coin also widely used in the Persian Gulf.
available in the Town and
there were no sellers. (Subsequently we have been able to
cash our remaining drafts at no commission through
Messrs.Gray Mackenzie Ltd.)
About this item
- Content
This file contains correspondence and documentation relating to the initiation of oil operations in Kuwait by the Kuwait Oil Company. The majority of the papers relate to operational matters from workers contracts, buoying and navigation, to plans for the construction of refineries.
- Extent and format
- 1 file (281 folios)
- Arrangement
The papers are arranged in approximate chronological order from the front to the rear of the file.
- Physical characteristics
Foliation: the main foliation sequence (used for referencing) commences at the inside front cover with 1 and terminates at the inside back cover with 283; these numbers are written in pencil, are circled, and are located at the top right corner of the recto The front of a sheet of paper or leaf, often abbreviated to 'r'. side of each folio.
Additional foliation sequences are present in parallel between ff 6-278; these numbers are also written in pencil but, where circled, are crossed through.
- Written in
- English in Latin script View the complete information for this record
Use and share this item
- Share this item
'File 5/1 XIV Kuwait Oil Company' [100r] (206/570), British Library: India Office Records and Private Papers, IOR/R/15/5/249, in Qatar Digital Library <https://www.qdl.qa/archive/81055/vdc_100051487905.0x000005> [accessed 9 June 2026]
https://www.qdl.qa/en/archive/81055/vdc_100051487905.0x000005
Copy and paste the code below into your web page where you would like to embed the image.
<meta charset="utf-8"><a href="https://www.qdl.qa/en/archive/81055/vdc_100051487905.0x000005">'File 5/1 XIV Kuwait Oil Company' [‎100r] (206/570)</a> <a href="https://www.qdl.qa/en/archive/81055/vdc_100051487905.0x000005"> <img src="https://iiif.qdl.qa/iiif/images/81055/vdc_100000000831.0x0000fc/IOR_R_15_5_249_0210.jp2/full/!280,240/0/default.jpg" alt="" /> </a>
This record has a IIIF manifest available as follows. If you have a compatible viewer you can drag the icon to load it.https://www.qdl.qa/en/iiif/81055/vdc_100000000831.0x0000fc/manifestOpen in Universal viewerOpen in Mirador viewerMore options for embedding images
Copyright: How to use this content
- Reference
- IOR/R/15/5/249
- Title
- 'File 5/1 XIV Kuwait Oil Company'
- Pages
- 8r:19v, 25r:28v, 30r:30v, 38r:39v, 58r:68v, 71r:71v, 79r:79v, 86r:86v, 91r:91v, 96r:98v, 100r:101v, 106r:106v, 110r:124v, 132r:134v, 136r:136v, 141r:141v, 150r:150v, 155r:155v, 181r:196v, 215r:216v, 245r:245v, 256r:257v, 259r:262v, 273r:274v, 276r:276v
- Author
- Kuwait Oil Company
- Usage terms
- The copyright status is unknown. Please contact [email protected] with any information you have regarding this item.