مجموعة ٦/ ٤٨ "النفط: امتيازات في المملكة العربية السعودية. (الأحساء)" [و‎‎٢‎٣‎٨] (١١٥٣/٤٧٥)

gas, it will pey to the aoverMent « royalty equal to one-ei .hth
of the proee*#* of the sale of euoh mitoral gas, it beiu^ under-
stood however that the Company shall be undar no obligation to
produce, save, sell, or otherwise dispose of any natural gas* It
is also understood that the company is uudar no obligation to pay
any royalty on such natural gas as it »ay use use for the custom
ary operation of its installation within the uudi Arabia*
AjrtleJUi 14 *
The Government, thr ugh duly authorised representatives, may
during the usual hours of operations, inspect and examine the /
operations of the company under this contract and may verify the
axaount of production* The Company shall measure in accordance
with first class oil field practice the amou.t of oil produced
and saved and run fro® field storage, and atoll iceep time and
correct accounts thereof, and of the nature! gaa it may produce
and save and sell, and duly authorised representatives of the
Government shall also have access at all reasonable tiia s to
such accounts* The Goapany shall within three months, after the
end of each so aster, commencing with the date of oomneroial
discovery of oil, dallTer to the Government anjf abstract of such
accounts for the i aaoster, and a statement of the account of
royalties due the Government for the semester* These accounts
and statements should be treated as confidential by the Govern
ment, with the exception of such items therein as the Government
may require to publish for fiscal purposes.
The royalties due the Government at the end of each semester
coiSMeneiiig with the date of com ercial discovery of oil, shall
be paid within three months after the end of the semester, such
portion of the amount as may# be unquestioned shall be Janata*
tendered the G venuae&t within the period hereinabove, and
thereupon the question shell be settled by agreement between
the parties, or felling that by arbitration as provided in this
contract. *uiy further sum which may be payable to the Govern
ment as a result of this settlement shall be paid within sixty
days after the date of such settlement*
ArtllolS.
It is agreed that all gold payments provided in this
contract, whether pounds gold or shillings gold, are to be
based on the gold pound standard accordingvto its weight and
fineness at ihe ti»ie the payment may be is^de* It is uliio
agreed that wherever it is stipulated in this contract the
equivalent of any sum or amount in pounds gold or in shiJL Inge
gold may be paid, such equivalent may be in dollars in United
States currency, or pounds sterling*
It is agreed furthermore that the equivalent of pounds
gold or shillings gold, for any xxjnn payment which may be
made hereunder in dollars. United i^tetes currency or in pounds
sterling (with the exception of the first payment provided for
in Article 16 hereof) shall be based on the average of the rats
of exchange as computed over a period of three months immediate
ly preceding the due date of the payretjut*
article !& •
All payments provided in this contract to be made to the
Joveraiaent may be made by tendering such payment diroctly^o
the Goverment, or by depositing the a&ouut due t tht> credit
yf the Govaraaent in some Bank which the Government designates
In writing and which the Government may change from ti e to
fctra. by giving written not ao to the Comp ly lon« ®"°^ la
tdvanoe eo that Cob any will have auffieient t* o to -®