"F 80 ملف 82/34 I امتياز أ.ب.و.ك" [‎٩‎٥] (٤٣٦/١٨٦)

3
The cable received from the Resident Director stated
that the cancellation of the Concession had been pub-
^ied in the evening papers in Tehran.
On the 28th November the Resident Director in
Tehran was instructed to reply to the above communica
tion in the following sense —
I have hy telegram submitted to the Directors of the
Anglo-Persian Oil Company in London the text of Your
Excellency's letter dated 21th November. I am
instructed respectfully to inform Your Excellency that
the Company does not admit that the terms of the
D Arcy Concession do not protect the interests of the
Persian Government, nor do they admit that even if
that were the case the Government has the right to
cancel the Concession. I may remind Your Excellency
that the validity of the D'Arcy Concession has been
recognised by successive Persian Governments before
and after the establishment of the Constitutional regime,
not only by acceptance for many years of the royalty
provided for therein but also in many other ways. You
will understand that the Company cannot recognise the
right claimed by the Persian Government to cancel the
Agreement, such contention having no foundation either
in law or in equity. I am instructed to remind Your
Excellency that, relying upon the good faith of the
Persian Government and the rights conferred upon the
Company by the Concession, the Company has expended
in Persia many millions of pounds sterling. The
benefits received by the Persian Government from this
expenditure cannot be ignored in considering whether
^ terms of the Concession are fair to the Government,
nor can they be ignored in any discussions between the
Government and the Company which are to be based on