Financial situation in Kuwait

This file contains correspondence relating to:

• Suggestion that Kuwait Government investments outside the sterling area should be carried out by the Kuwaiti Investment Board, rather than the Finance Department (95)
• Suggestion that there should be a Kuwaiti member on the Kuwaiti Investment Board and that the Board's meetings should take place alternately in Kuwait and London (96, 98)
• Suggestion of van Zeeland that Kuwait should have four reserves: a main state reserve, a currency board reserve, a development reserve and a current budgetary reserve (97)
• Proposal for the Department of Finance and Economy to send ten Kuwaitis to the UK and the US for training (99)
• Kuwait civil service administration budget for 1960-61 along with analysis and comments (100)
• Summary of the Political Agent in Kuwait J C B Richmond's conversations with Sheikh Jabir Al Ahmad Al Sabah and with McGregor of the Department of Finance and Economy, regarding the van Zeeland report, the setting up of a currency board and other financial matters (101)
• Meeting regarding Kuwaiti financial matters and in particular the van Zeeland Report, the Kuwait currency decree and the composition of the Kuwait Investment Board. It also contains: the record of a talk with Fakhri Shehab; further correspondence on the suggestion that there should be a Kuwaiti member of the Kuwait Investment Board; and drafts of a letter requesting from the Kuwaitis a copy of the currency decree (102)
• Record of a meeting held in Sir Frank Lee's room on 26 August 1960 (103)
• Preparation of a draft of the currency decree. It includes McGregor's notes on articles 23 and 24 of the proposed law (104)
• Loan made by the Ruler of Kuwait Sheikh Abdulla Al Salem Al Sabah to a Lebanese man (105)
• Kuwaiti Government's proposals to the Government of India for the redemption of the rupee currency on the introduction of the Kuwaiti currency (106)
• Possibility of encouraging Kuwaiti investment in the Trucial States and Oman (107)