Coll 28/3(2) ‘Persia. Financial situation.’ [145r] (289/817)
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. .
Transcription
This transcription is created automatically. It may contain errors.
Foreign Currency Items Converted to Ordinary
Account Income
448.000.000 Ms.
120.332.928
9,439,850
577,772,778
Unconverted Sterling balance pounds 2,210.000.— = 287,300.000
It will be noted that, during this period of seven and one-half months,
the Ordinary Account shows a surplus of 738,700,360 Rials, while the Com
mercial Account shows a surplus of 307.735,547 Rials. An amount of 577.772,778
Rials, however, represents foreign currency items converted to the Ordinary
Income Account. Apart of this amount has been obtained from an advance
on the Oil Royalties, a part from the sale of assets, and a part from non
recurring income. Moreover, during the last five months of 1322, we shall
have large expenditures for the purchase of grain, rice and cotton, and also
an expenditure of approximately 500.000,GOO Rials for help to the employees.
It should also be kept in mind that we have been compelled to take or
refrain from taking certain actions, the result of which may be to decrease
the net income in the Commercial Account.
The Project for the Supplementary Budget Law has been prepared
by the Accounts and Accounts and Audits Administration and submitted to
the Majless. The Budget itself has been reported out of the Budget Commis
sion of the Majless. Current demands for funds have been met. Revenues
have been increasing.! he Internal Revenue Administration is preparing the
Regulations for the execution of the new Income Tax Law. I he Treasurer
General has completed preparations for the issue of Treasury Bonds. 1 he
various other administrations and departments of the Ministry—C orrespon-
dence and Archives, Personnel. General Inspection, Supply and Service, Cus
toms, Tobacco and Opium Monopolies, Ceded Properties, Public Domains
and Exploitation, and Industrial Supervision—have in general been operat-
sing with commmendable devotion to duty and with satisfactory resulis.
Pounds 3,500,000 (out of 4,386,195) Oil Royalty
(included in Khordad, Tir & Shahrivar)
„ 940,101 received a/c Munitions
(included in Mordad)
Rupees
Indian silver coin also widely used in the Persian Gulf.
988,466 payment a/c salt contract
(included in Aban)
About this item
- 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 View the complete information for this record
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Copyright: How to use this content
- Reference
- IOR/L/PS/12/3396
- Title
- Coll 28/3(2) ‘Persia. Financial situation.’
- Pages
- 187r:200v, 176r:186v, 162r:175v, 149r:161v, 138r:148v, 126r:137v, 109r:125v, 84r:108v, 68r:83v
- Author
- Bank Melli Iran
- Usage terms
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