'File 8/48 Reports on relations between India and Pakistan' [5r] (9/26)
The record is made up of 1 file (11 folios). It was created in 13 Feb 1948. It was written in English. The original is part of the British Library: India Office The department of the British Government to which the Government of India reported between 1858 and 1947. The successor to the Court of Directors. Records and Private Papers Documents collected in a private capacity. .
Transcription
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3.
received the Pakistan Government's reply to their note of 23rd
Deoember, they submitted their complaint to the Security Council e
^• Finaneial Relations , At the meeting at Lahore on 8 th December
referred to above agreement v/as reached betv/een the two Dominions on
a number of important outstanding questions. 'Pakistan's share of the
cash balances of the old undivided Government of India on the date of
partition was agreed at Rs.75 crores, instead of only Rs.20 crorcs.
Pakistan's share of the uncovered debt was agreed at I'/wfo, to be
paid in Indian
rupees
Indian silver coin also widely used in the Persian Gulf.
in fifty annual payments of principal and
interest. The value of all pensions in issue are to be capitalised
and the liability shared in the ratio agreed for sharing the
uncovered debt. Pakistan's share of military stores is to be one
third oi the stocks held on 15 th August, In addition to the sterling
assets to be transferred to Pakistan under the Pakistan (Monetary
System and Reserve Bank) Order, it was agreed that Pakistan should be
allowed to buy additional blocked sterling up to a limit to be
ascertained by an agreed formula. Agreement was also reached on the
question of the treatment of property belonging to refugees.
7» Subsequently an Indian Delegation visited Karachi for preparatory
talks with the Pakistan Government on sterling balance releases. It
was agreed that a system of separate accounting for foreign
earnings and expenditure for the two Dominions should come
on 1st January,
exchange
into fore
8. These agreements encouraged hope that, despite the deadlock on
Kashmir reached at the same meeting, a settlement on Kashmir also
might follow, but these hopes were stilled when, at the subsequent
meeting at Delhi on 21st and 22nd December, the Government of India
made it clear that they were for the time being not prepared to
implement the agreement of 8th December so far as it related to the
transfer of Rs.55 crores cash balances until the Pakistan Government
ceased helping the Moslem forces in Kashmir.
/junagadh
About this item
- Content
The file contains a report, with covering correspondence, entitled Events in India and Pakistan during December 1947 . The report was produced by the Government of India following the partition of the country. The author is not known.
The report is divided into three sections, the first relating to relations between the two dominions and the second and third relating to the internal situation of India and Pakistan, respectively.
- Extent and format
- 1 file (11 folios)
- Physical characteristics
Foliation: the foliation sequence commences at the front cover with 1, and terminates at the inside back cover with 13; these numbers are written in pencil, are circled, and are located in the top right corner of the recto The front of a sheet of paper or leaf, often abbreviated to 'r'. side of each folio.
- Written in
- English in Latin script View the complete information for this record
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Copyright: How to use this content
- Reference
- IOR/R/15/2/339
- Title
- 'File 8/48 Reports on relations between India and Pakistan'
- Pages
- front, front-i, 2r:12v, back-i, back
- Author
- East India Company, the Board of Control, the India Office, or other British Government Department
- Usage terms
- Open Government Licence