Pe enter & des
despaker 3 E
Registry
No. E31471/1
OUT ME
FOREIGN OFFICE, S.W.1.
Lush
Top Secret.
Secret.
16th June, 1950.
Confidential.
Es (471)
Restricted.
2
Open.
CN
Draft. Letter
When Mr. Rule of Gellatly Hankey and
M. Stevenson, Esge Treasury.
Company Limited came to see me the other day
on other business, he raised the question of the collection of royalties which the Arabian
American Oil Company might in future pay to the
Saudi Arabian Government in sterling. [You wid
RECEIVED IN
DIVISION
will have know that Arameo has suggested to the Saudi
tony
स Arabian Government that it should in future
their pay a proportion of its royalties in sterling,
they in the expectation that it will thus be able to
20 JUN 1950
DENT TO 20 JUN 1950
TYPE
SECRATCHER
2 JUN 1950
sell oil for sterling under the Incentive Plant
which we have offered to the U.S. 011 Companies.
From:
Gellatly's, who act as the agents of the Saudi
NOTHING TO BE WRITTEN IN THIS MARGIN.
H.A. Dudgeon
Arabian Government in a number of financial matters
(for example, the collection of pilgrim dues paid in the sterling area), are anxious to know
E.R.D. first
what arrangements are likely to be made for the
v
collection of sterling royalties, with a view,
suggest ainsiin
if possible, to securing the agency for this
of the passage a
collection for themselves.
hane bracketed. Mr Stevenson knows
2.
Mr. Rule realises that this scheme is
this extremely
TROLL
well!
Copy
Ms. hoombe
at present in its very early stages and that its
implementation depends partly on the agreement
of the Saudi Arabian Government to accept royalties
Banks of England .
in sterling from Aramco and partly on Aramco's
being allotted a share of the dollar oil which is
.
Wt.28569/191 200,000 A. & E.W.Ltd. Gp.685
Doreen
to be sold for sterling. His present enquiry is merely designed to discover whether, if both these this desiderata were fulfilled the probable
کی
16 June
arrangements would be such that his Company
/ could
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