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'File 0602 Imperial Bank of Iran - Banking Agreement & Bank Reports, Vol. 1' [59r] (117/124)
The record is made up of 1 file (62 folios). It was created in 27 Dec 1945-29 Jan 1950. It was written in English and Arabic. 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
This transcription is created automatically. It may contain errors.
r
THS BRITISH BANK OF IftlN & THE MIDDLE EAST
61/963
Dubai, 29th January 1950
Political Officer, Confidential
Trucial Coast
A name used by Britain from the nineteenth century to 1971 to refer to the present-day United Arab Emirates.
,
Sharjah.
Dear Sir,
As requested byjwe give below a brief resume of our activities during
the year ending 31st December 19 1 +9.
^ The volume &f trade in Dubai bazaar increased steadily throughout
the year.
This increase was mainly in imports from the U.K. and other Sterling
Areacountries other than India.
\ The turnover of British goods was seven times greater than during
x the previous year.
Trade with India maintained the same level at roughly
Rupees
Indian silver coin also widely used in the Persian Gulf.
200,000
weekly.
This figure, however, does not include imports which were paid for
from merchants'own non-Resident accounts in India.
We found that Japanrfese goods were again available from East Africa,
Colombo and Singapore against
Rupees
Indian silver coin also widely used in the Persian Gulf.
or Sterling.
— The large quantities of unsold tea to which we referred in our last
SReport are still rotting in thibai Customs Yard and private godowns.
a Cash was plentiful throughout the year and we seldom met with
difficulty in obtaining payment of Bills.
Gold smuggling reached an unprecetfdented peak during the Summer but
we took no part in it.
The method of repatriating the proceeds was for the merchants
(all Hindus ) to employ^ women and girls who came to Dubai as travellers
and were allowed to draw travelling allowances for their journeys.
These allowances greatly exceeded the cost of one return trip between
Bombay and Bubai and the resiciflue was taken by the employers when the
travellers arrived.
The range of commodities imported was much wider than during the
previous year.
P.T.O.
About this item
- Content
The file contains correspondence relating to the activities of the Imperial Bank of Iran in Dubai. The principal correspondents are: the British Agency An office of the East India Company and, later, of the British Raj, headed by an agent. at Sharjah; the Political Agency An office of the East India Company and, later, of the British Raj, headed by an agent. at Bahrain; the Political Resident A senior ranking political representative (equivalent to a Consul General) from the diplomatic corps of the Government of India or one of its subordinate provincial governments, in charge of a Political Residency. in the Persian Gulf The historical term used to describe the body of water between the Arabian Peninsula and Iran. at Bushire (later, Bahrain); and representatives of the Imperial Bank of Iran in both Tehran and Dubai.
The papers cover the following matters:
- the negotiations and final agreement for the opening of a bank branch in Dubai;
- the lease of land for the new bank building;
- the change of name to the British Bank of Iran and the Middle East in August 1949.
The file also contains brief reports on the bank's activities for the years 1948 and 1949, written by the manager, M P Stott.
Folios 6-10 are a copy of the agreement between the bank and the ruler of Kuwait, upon which the Dubai agreement was based. Folios 14-25 are the final Dubai agreement, in triplicate.
- Extent and format
- 1 file (62 folios)
- Arrangement
The file is arranged chronologically.
- Physical characteristics
Foliation: the main foliation sequence commences at the front cover with 1 and terminates at the back cover with 62; 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 and Arabic in Latin and Arabic script View the complete information for this record
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'File 0602 Imperial Bank of Iran - Banking Agreement & Bank Reports, Vol. 1' [59r] (117/124), British Library: India Office Records and Private Papers, IOR/R/15/4/8, in Qatar Digital Library <https://www.qdl.qa/archive/81055/vdc_100026502099.0x000076> [accessed 23 June 2026]
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Copyright: How to use this content
- Reference
- IOR/R/15/4/8
- Title
- 'File 0602 Imperial Bank of Iran - Banking Agreement & Bank Reports, Vol. 1'
- Pages
- 52r:52v, 54r:54v, 59r:61v
- Author
- Stott, M. P.
- Copyright
- ©Anonymous
- Usage terms
- Creative Commons Non-Commercial Licence