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'File 60/20 I (C 93) Imperial Bank of Iran: Bahrain, etc' [‎103r] (206/409)

This item is part of

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. .

Transcription

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THIS DOCUMENT IS THE PROPERTY OF HIS BRITANNIC MAJESTY'S GOVERNMENT
PERSIA.
CONFIDENTIAL.
January 13, 1936.
Section 2.
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[E 178/178/34]
Mr. Knatchhull-Hugessen to Mr. Eden.—{Received January 13, 1936.)
(No. 572 E.)
Sir, Tehran, December 27, 1935.
WITH reference to my despatch No. 308 E. of the 13th July last, I have the
honour to transmit to you, herewith, three copies of the Bulletin de la Banque
MelUe Iran, No. 6, dated October 1935.(')
2. This issue unfortunately throws no light at all on the Government's
financial situation or on railway finance. The movements in the price of silver
and the effect on foreign exchange quotations are dealt with at some length,
■culminating with the decision to disassociate the rial from the price of silver,
and to let exchange find its own level.
3. A lot of space is taken up with an article and statistics regarding the
cost of living at Tehran, in some large towns and small towns.
4. One of the most interesting sections in this Bulletin is the list of
commercial and industrial companies recently formed involving a total capital
of 189,938,000 rials (about £2,110,000 at a nominal rate of 90 rials to the pound).
The Agricultural Bank's subscriptions towards this total amount to 76,210,200
rials (about £846,800), of which 36,380,450 rials (about £404,200) paid up. The
list contains several other companies in which the Agricultural Bank has not
participated.
5. An article on agriculture gives details of various crops in the principal
districts of the country.
6. I am sending copies of this despatch, with two copies of the enclosure,
to the Department of Overseas Trade (No. O.T. (B) 308), and with one copy
of the enclosure to the Foreign Secretary to the Government of India, and to His
Majesty's Ambassador at Bagdad (No. 104).
I have, &c.
H. M. KNATCHBULL-HUGESSEN.
come tax in Iran,
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About this item

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' [‎103r] (206/409), British Library: India Office Records and Private Papers, IOR/R/15/1/554, in Qatar Digital Library <https://www.qdl.qa/archive/81055/vdc_100023602663.0x000008> [accessed 28 March 2024]

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