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'File 60/20 I (C 93) Imperial Bank of Iran: Bahrain, etc' [‎61r] (123/409)

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The record is made up of 1 volume (201 folios). It was created in 22 Jan 1918-Feb 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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[This Document is the Property of His Britannic Majesty's Government.
PERSIA.
rr - a il u
R-ri
y i 0 Vt August 6, 1929.
CONFIDENTIAL. / S ection 6.
|B 3917/1070/34 No. 1.
Sir R. Clive to Mr. A. Henderson.—{Received August 6.)
(No. 408.)
gj r) Gidhek, July 27, 1929.
IN tlie course of a visit he paid me this morning my German colleague referred
to the relations between the Imperial Bank and the National Bank. He had learnt
with much regret on his return from leave a fortnight ago that the relations between
the two banks were very unsatisfactory.
2. I said that I feared that this was to a certain extent true. I then told him
that I had recently, with Mr. Wilkinson, discussed the matter with Taimourtache, and
I gave him a brief outline of what I had said on that occasion to the Minister of Court,
as recorded in my despatch No. 336 of the 15th June. 1 said that it was impossible to
avoid the impression that the National Bank had deliberately set itself to cut into the
business of the Imperial Bank and had made no effort to embark on those other lines
of business w r hich were open to it but closed, under the terms of its concession, to the
Imperial Bank. Was this the policy of Dr. Lindenblatt or of the Minister of Finance
working through Dr. Lindenblatt ? Count Schulenburg preferred to believe it was the
latter, ''in any case he considered it essential that the rivalry between the two banks
should be put an end to and a working agreement arrived at whereby more friendly
relations would be established.
3. Happily Prince Firuz has been relieved of his office as Minister of Finance
and the prospect of better relations thereby enhanced, although personally I have
little confidence in the good faith of Dr. Lindenblatt. I have, however, to record that
Taimourtache asked me two days ago to inform Mr. D Alton, the acting manager of
the Imperial Bank, that the Government had decided to keep a part of their funds in
the Imperial Bank. i cn i i i • j
4. In the postscript to my despatch No. 331) I referred to what the Shah had said
in regard to the Imperial Bank, and it may be that this decision of the Government to
place a part of their funds again in the Imperial Bank has been directly inspired by
His Majesty.
I litlVG, (xC.
H. II. (JLIVE.
[884 f—6]

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Content

The volume contains correspondence relating to banking in Persia, Saudi Arabia, and the Persian Gulf The historical term used to describe the body of water between the Arabian Peninsula and Iran. . The majority of the correspondence is between the British Ministry in Tehran, the Government of India, High Commissioner in Iraq (later the British Ambassador), Political Residency An office of the East India Company and, later, of the British Raj, established in the provinces and regions considered part of, or under the influence of, British India. in Bushire, the Foreign and Indian Offices in London, Political Agencies in Bahrain and Kuwait, the British Consulates in Shiraz and Bandar Abbas, the British Minister in Jeddah, the British Ambassador in Cairo, employees of the Imperial Bank Persia (later Imperial Bank Iran) and the Eastern Bank, and the Persian Government. Included as enclosures are several newspaper cuttings and transcripts.

The documents cover discussions over the Imperial Bank's operations in the region, including growing hostility in an increasingly nationalist Iran and the plans to open a branch in Bahrain. Much of the volume pertains to the work of rival banks in Bahrain and Dhahran in Saudi Arabia. These banks include the Eastern Bank, the Ottoman Bank and the National City Bank.

Folio 146 is a map of al-Hasa, Saudi Arabia, produced by the California Arabian Standard Oil Company.

Folios 191-198 are internal office notes.

Extent and format
1 volume (201 folios)
Arrangement

The volume is arranged chronologically.

Physical characteristics

Foliation: the sequence commences at the front cover and terminates at the back cover; these numbers are written in pencil, are circled and can be found 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 second foliation sequence is also present between ff 4-190; these numbers are also written in pencil, but are not circled and can be found in the same position as the main sequence. Circled index numbers in red and blue crayon can also be found throughout the volume. There are the following irregularities: f 33 is followed by f 34a and f 34b.

Written in
English and French in Latin script
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'File 60/20 I (C 93) Imperial Bank of Iran: Bahrain, etc' [‎61r] (123/409), British Library: India Office Records and Private Papers, IOR/R/15/1/554, in Qatar Digital Library <https://www.qdl.qa/archive/81055/vdc_100023602662.0x00007d> [accessed 16 April 2024]

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