APPENDIX I
UNITED KINGDOM OII. BALANCE OF PAYMENTS 1948, 1949-50, 1953
Page 408
Valued at April 1949 prices
1. American Account Countries include Canada, Cuba, Hayti, Dominican Republic, Panama, Philippines, Ecuador and Central America.
2. Hard Currency Countries are taken as Argentine, Belgium and Possessions, Iran and Switzerland.
3. Bahrein Petroleum Company's imports into the Sterling Area and its purchases of equipment are shown at their full dollar cost in IIIA. In fact, however, there is a sterling element in all oil sold
NOTES
from Bahrein in respect of local operati shown in IIIB 3 as the Bahrein dollar al
4. The figure for Hard Currency 1947 and 1948 to be made when the propos has been ratified.
I. United States
1948 | 1949-50 | 1953
II. American account
1948 1949-50 | 1953
III. Hard currencies
1948 | 1949-50 | 1953
IV. Rest of World
V. Rest of Sterling Area
1948 | 1949-50| 1953 | 1948 | 1949–50| 1953
288
::
97
48
16
12
8
32
69
100
8
12
;;
93
61
12
4
::
::
•266
{
137
117
32
125
89
∞22:
***
64 137
12
24
28
149
157
113
153
153
44
109
165
69
89
85
Total
B.-Receipts
1. Sale of oil
169
137
290
2. Sales for dollars to countries outside
American Account Area
24
20
68
40
28
20
::
:.
::
::
28
44
44
:
:
:
:
226
193
133 278
294
274
157
སྤྲ:
282
242
116
197
330
69
89
85
69929
36
36
44
44 149
157
189
439
508
753
210 254 306
888
88
:ཎྞེ
4
2
2
:.
233
253 310 36
44
44
149
157
189
443 510
755 210
254
306
應
+7
+ 60
+177 -242 -250 -230
- 8 -125
53 +327 + 313
+425 +141 +-165
+221
I.-British Controlled Companies
A.-Expenditure
1. Purchase of oil
2. Tanker hire.
3. Equipment
4. Local costs: (a) Royalties and taxes
(b) Others
5. Miscellaneous (net cost of Tetra Ethyl, office expenses in U.S., financial trans- actions, &c.)
24
24
40
40
24
24
44
40
:::
40
:
::
:
12
16
28
44
32
28
56
48
+ 32
+8
+16
2009
56
3. Shell Caribbean Loan (see App. V.) .. 4. Other income (financial transactions,
processing fees, dividends, &c.)
Total
C.-Net of I. ...
II.-Joint Ventures (Iraq Petroleum Co., Middle East Pipe Lines, Kuwait Oil Co.) A.-Expenditure
1. Equipment
2. Local costs: (a) Royalties
(b) Other
Total
B.-Receipts
1. Sales to partners and locally
2. Capital calls
Total
C.-Net of II.
:::
:
III.-American Controlled Companies A.-Expenditure
1. Oil to U.K.
2. Oil to Rest of Sterling Area (R.S.A.)
::
:
3. Oil for Britmex bunker trade overseas
4. Freight: (a) To U.K.
(b) To R.S.A.
5. Equipment
6. Dividends
Total
B.-Receipts
:
བྲཧྨཙུམསྶས* –
121
125 145
206
197
238
44
20
24
28
44
36
44
20
16
4
4
8
439
430
499
:
8
:
24
32
32
40
48
52
40
:899
69
56
...
*
40
:
:
::
:
:
4/5
40
48
76
72
125
:
::
:.
:
:::
:
229
20
32
40
20
16
24
40
48
64
..
...
816
76
72
1223
-125
4
4
:
:
:
::
:
:
:
4
4
4
12
12
12 197
153
169
4
4
4
12
12
12 197
153
169
+ 4
+ 4
4+12 +Page 408 afi662+153
+169:
4
عيد
-121
49 +339
+333 +449 +262 +246 +265
16
20
20
∞+2
8
8
4
2:39
28
36
32
36
-403 -398 -463
444
...
-364 -330
-270-242
-250 -230
1. Sale of oil
2. Capital calls
3. Bahrein dollar adjustment (see Notes)
Total
...
c.-Rage 408 of 662
IV. Net Balance
APPENDIX I
UNITED KINGDOM OIL BALANCE OF PAYMENTS 1948, 1949-50, 1953 Page 409 of 662
Valued at April 1949 prices
1.954