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Coll 28/3(2) ‘Persia. Financial situation.’ [‎77v] (154/817)

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The record is made up of 1 file (407 folios). It was created in 7 Sep 1938-1 Jan 1946. It was written in English and French. 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. .

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12 —
Ordinary Payments
Ordinary Receipts
3,990,905
3,550,994
Deficit
118,778
439,911
Commercial Payments
Commercial Receipts
Deficit
932,834
Total Payments
Total Receipts
Total Deficit
5,006,119
4,853,514
752,605
1,372,745
The above figures, it will be understood, are not the linal figures
of income and outgo during these two years. Final ligures depend on the
receipt and auditing of all accounts. Moreover, a complete and fair compa
rison of the two years would include amounts representing unsettled claims
and unpaid obligations. No doubt can exist that the actual financial situa
tion of the Government was better in 1322 than in 1321. Moreover, these
figures do not take into account stocks of goods and other realizable assets
on hand at the end of each year. It is believed that these were considerably
greater at the end of 1322 than at the end of 1321.
zation program: and, as soon as requisite study could be given to the problem,
we prepared and presented to the Government a project for a new Income-
Tax Law. It was promptly submitted by the Government to the Majless.
mission and was not approved by the Majless until the closing days of the
session. Even then, changes were made that reduced the amount of revenue
collectable under the law.
Because of this delay, because of the absence ol a Majless, and
because of changes of Governments, delay has also occurred in the approval
of the Regulations by the Financial Laws Commission. The Regulations
had been prepared by us at the beginning of the year, but, because ol
Internal Revenues
An increase ol taxation was an essential feature of our price stabili
Lnfortunately, it was delayed for weeks in the financial Laws Com-

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Content

Papers reporting on the financial situation in Iran, sent by staff at the British Legation at Tehran (Horace James Seymour; Reader William Bullard) to the Foreign Office, London. The file is a direct chronological continuation of Coll 28/3 ‘Persia. Financial situation’ (IOR/L/PS/12/3394).

The file includes:

  • Covering letters enclosing copies of the monthly Bulletin , produced by the Bank Melli Iran (also referred to as the Mellié Iran Bank, and Banque Mellié Iran). The copies of Bulletin are not included in the file (although some front covers do survive), however the covering letters give short summaries of their lead articles.
  • Details and estimates for Iran’s annual budgets, with numerous statistical tables.
  • Correspondence dated December 1939 to February 1940 relating to irrevocable documentary confirmed credits (irrevocable letters of credit) opened by Bank Melli Iran through banks in India (ff 356-361).
  • Copies of laws passed by the Iranian Parliament, including a law relating to war credits and treasury bills (in French, f 334), a Law for the Prevention of Hoarding (ff 325-329) and an Income Tax Law (ff 262-271).
  • Correspondence and budget reports dated 1943-1944, produced during the takeover of the administration of Iran’s Finance Ministry by a mission from the United States, led by Arthur Chester Millspaugh.

At the front of the file (ff 4-200) are fourteen monthly reports of the Administrator General of the Finances of Iran (Millspaugh), produced according to the Solar Hijri calender, and dating from Ordibehesht 1322 (equivalent to the Gregorian calendar date of 22 April to 22 May 1943) to Mehr 1323 (23 September to 22 October 1944). The reports, which also contain lists of staff of the Iranian Ministry of Finance and its connected organisations, summarise Iranian finances. Many of the reports contain a map of Iran (for example, folio 185), showing borders, roads and railways, major towns and cities, and districts, which are numbered 1 to 10.

Extent and format
1 file (407 folios)
Arrangement

The papers are arranged in approximate chronological order from the rear to the front of the file. The file’s correspondence begins at folio 202 and ends at folio 407. Printed reports occupy the front portion of the file (with an enclosing note, ff 4-201), and are also arranged in reverse chronological order.

Physical characteristics

Foliation: the foliation sequence for this description commences at the inside front cover with 1, and terminates at the last folio with 408; 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. A previous foliation sequence, which is also circled, has been superseded and therefore crossed out.

Written in
English and French in Latin script
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Coll 28/3(2) ‘Persia. Financial situation.’ [‎77v] (154/817), British Library: India Office Records and Private Papers, IOR/L/PS/12/3396, in Qatar Digital Library <https://www.qdl.qa/archive/81055/vdc_100037593728.0x00009b> [accessed 12 June 2026]

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