'File 60/20 I (C 93) Imperial Bank of Iran: Bahrain, etc' [‎80r] (160/409)

^ne I ran Hews'ga p er ^To . dat>el 4 th. August .
?he Address of the President of the Imperial
and the Article of Kr.3.Holers.
lur yesterday 's issue vje printed translations of the nddres
nes President of the Imperial ,3ahk Of Persia,at the annual
article of l r r.j.Ilo w ers both of which were published in the
doubt you have read then.That effect did the said speech an
luce in you and what do you think: Is the object of these at
I*-at Ions? Both of them, though apparently relating to the I.
ual profit,in fact relate to our country,our Interests,our
our" actions and v/e therefore think it our duty to discuss
ts and' those of all foreigners who pass Judgmenfe relating t
yiew and objects far from truth,and as far as possible to t
talces. The annual report on the whole" does not show, the yee
S.B.P.as beint" rood but " T re do not wish to discuss the figi
H.Barnes in this connection .The'"point in Gir Barnes's spf
3h we think It necessary to give a short explanation is th:
fortnight later a supplementary Act was passed •••-•■
..........If they prove to be satisfactory,our position wi:
3Q as It has been our Int. t ne past twelve ^months.'* .
s Is the subtle sentence which,in our opinion,needs an ezp
t Sir. H .Barnes • s wi-on^ Impression may be removed .Although
ch the Prime Minister w r rote to the 1,3.?. at the time of t:
note coneessionthis sentence appears "the Persian Governm
k tiO niaoe the T ,n,P. , in matters relat ing to ordlnai*y ano
[ position Inferior to the lanke I'elli^but this sentence
ch 3 ir. H.Barnes has forget ten and to which he has not a ± 1 u
s continuation which in view of its Importance has been^wo
heytovo®® 3, as follows:- "The Persian Government does not wish to plac
^-r-r^ters relating to ordinary and current business, in a posit I
Banke Helli but the activities of the Banke Kelli in its
te Bank are excepted .from this rule.* The 1.3 # P. has uhere
Get equai treatment with the Banke l.clli in the latter* s c
icial^State Bank.Taatever the Banke llelli does in its capa
k, is done by it as the agent of the Government and the O om
choose its own abents .Wnat,therefore,is the ground of Sirr
plaint? The G-overnment cannot trample upon the laws ana re
Parliament Just in-order to enable fea the I.B.P.to show p3
^eign exchange in its annual report",
second part of our discussion relates to the article wrif
ars.Hr.Pogers begins his article in a spirit of arrogance,
living in India and must give effect to his thoughts by m<
ide and angry clamour. He shares the views of Englishmen of
believe that the world arid the nations of the world have
ir' interests and sovereignty,a very false and mistaken- be,
ins his article thus:- "Persia is one of those small Asia
It have recently entered the new life of Eastern Nations..
so essential to the permanent peace or the
first glance,these allegations of Mr.Hogers are a cause o
r should a man,who has been for years in Persia and who ha
Persia on behalf of the Directors of the I.B.P.in connect
."chase of the note concession and who naturally has a good
? past and present conditions in Persia,write an article i
schlevons spirit? But the concluding part of the^article r
r. very clear manner to us.I!r.Rogers,seeing' tae interests
^pardy and the decrease In the net profit or trie BanK: last
course to Intrigue and does not 'lesltate to Incite, 1ne o
% I
^ ^ %
results^
^ and
3p P.C£, s
le d the
'roved,
3 sni,
, > Kei
i
an d Co.,
NTCS
said
P^t
^ the result;
'y^m
^ and direct^
', et6 m tte fut„ K
t He
oan and
' a %
ffete
'PP, C,B, s
'ously accutueoj a E
le Ceurilw con. ^
?he tran Ke^s-paDer No.3r7fi dated, 4th.Aurust. 1^1
■ " ' •'—— —.—it- -* - " - J- •
?he Address of the President of the Imperial Bank ofSersla
and the Article of Hr.S.Bogers.
our yesterday•s issue we printed translations or the address 3ir Harh
ties,President or the Imperial .3arik Of Persia.at the annual meeting^ and
Article of I l' i -.G..lowers both of whroh were piihlished in the Times of T ondon
doubt you have read them.That effect did the said speech and article
fube in you and what do you think is the object of these statements end
.Rations? Both of them,though apparently relating to the 1.13 .P. and its
.ual profit 3 in fact relate to our country,our interests,our method of work
^ our actions and we therefore think it our duty to discuss their state- "
»3 ana those of 8x1 iorei^nex'S who pass jud^rinenfe relating to us from ^oints
view and objects far from truth,and as far as possible to point- out their
takes. The annual report on the whole" does not show the yearly ore fit of
I.B.P,as beint ^ood but we do not wish to discuss the figures -• iven by
1 H.Barnes in this connection .The" point in Clr Barnes"s speech about
ch we think It necessary to q 'we a short explanation is this where he savs
fortnight later a supplementary Act was passed
.»*♦.« I-* t aey prove to "be sat Is factory An East India Company trading post. , our position will remain very
.Ch as it has been during trie past twelve months. H
,s Is the subtle sentence which, in our opinion,needs an explanation so as
t Sir.H.Barnes's wron^ Impression may be removed.Although in the letter
ch the Prime ITinister wrote to the I .B .P. at the time of tte surrender of
[ note coneessionthis sentence appears '•the Persian Government does not
h to place the 1.3 .P.,in matters relating to ordinary • nd current business,
8 position inferior to the Banke ^elli 4 * but this sentence has a continuation
.ch 3ir.H.Barnes has forfetten and to which he has not alluded In his soeech.
.s continuation which in view of its importance has been worded most clearly
as follows:- l# The Persian Governrnent does not wish to place the T .B ,P. } in
^IZTiwRers relating to ordinary and current business, in' a position inferior to
} Banke Kelli but the activities of the Banke'Melli in its capacity of a
ite Bank are excepted .from this rule.• The 1.3 .P. has therefore no right to
)ect eg.ual treatment with the Banke Melli in the latter*s capacity of"an
'icial State Bank.Taatever the Banke ilelli does in its capacity of a State
ik, is done by it as the agent of the Government and the Government is free
r> eign exchange
its annual report.
| second part of our discussion relates to the article written
spirit
by nr.Sidney
UllGLU OUG UX JLU- . CLilU. iiCU U-L Wll O UX UiiC; .JUXXU. lid. V « U^-Cii t-iX tfa ocu.
^ir interests and sovereignty,a very false and mistaken belief .Kr.Bogers
^ins his article thus:- ^Persia is one of those small Asiatic countries
at have recently entered the new life
so essential to
or
or Eastern Nations.
.he permanent peace of the world.'*
• v** . ow coot; ix.o xcfcx uu u uks jjcrx IU U jjcetuw ux uxits wvx xu. •
first glance,these allegations of XIr.Hogers are a cause of surprise;because
should a man,who -has been for years in Persia and who has been recently
• Ptrsla on oehalf of the directors of the I.B.P.in connection with the
penase of the note concession and who naturally has a good knowledge or
e fast and present conditions in Persia,write an article N in a bellicose and
o^nLevous spirit? But the concluding part of the article reveals the cause
mannPr to US.rr.Sogers,seeing■ the interests of the I.B.P.in
vluvll to C tn^^ GOreaSG ln tho net P rofit or 3ank last year,has taken
to „ 4 aoea not Ro3 , tal) , to lnoIt(iitf he ^