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'The Baghdad Railway Negotiations' [‎59v] (8/32)

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The record is made up of 16 folios, including 1 map. It was created in Oct 1917. It was written in English. 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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6
The Bagdad Railway.
participation in the concessions, if secured, should bo equal. At that period
co-operation with Germany was not deemed undesirable on political grounds, though
in this instance it was not, for reasons of local expediency, openly avowed at
Constantinople before the concessions were obtained. Sir W . A\ hite laid stress
throughout upon the importance of continued British participation : but apparently
some hitch eventually arose between M. Kaulla and his British associates ; no
adequate precautions had been adopted by the parties interested to secure or to render
permanent the British participation, and the whole capital was ultimately subscribed
in Germany.
Lastly, there never was in the United Kingdom anything approaching the
fusion of the banking and industrial interests which gradually came about in
Germany, where any promising scheme abroad or at home could be examined by
an institution combining the financial power, the machinery o'f investigation and
research, and the industrial connections amply sufficient to carry out any
contract, however large. This tendency of German banking began to manifest itself
from 1871, though the concentrated banking organisation of to-day may perhaps
be said to date from somewhat later, when the unit began gradually to disappear
and there sprung up in its place a system of groups of banks strongly controlled by
some five or six institutions, working on the whole in harmony with each other and
always in unison with the policy of the German Government. Whatever may be the
merits or demerits ol ! such an organisation on wider grounds, it undoubtedly afforded
a most powerful means for the promotion and retention of German concessions in
Turkey, where certain important German banks have made a feature not only of
promoting, but of themselves participating and remaining permanent shareholders in,
industrial concerns.
It appeals to us indeed that, apart both from political considerations in Turkey
am ot er Lie to i s already indicated, which had an important influence, the initial
success of the Germans in 1888 and its subsequent development are to be ascribed
veiy largely to their banking and industrial organisation, to the application of that
organisation to the peculiar conditions of Turkish finance, to the German practice of
subordmating individual to collective effort in every department, and to the consequent
t-lrrf , ^ 1 t . ? ic i powerful Government support could be afforded to any given
fiplrl TL ^ r! i 10 11S i V co ^ ls * on competing German enterprise* in the same
German Pm-o ^ , 10 c ^ os Gst co-operation between the German banks and the
Doiiticallv "f +1^ f l 110t overlooked that such co-operation is
of action P bS1e 1 le banks are prepared to surrender some of their freedom
fhe Second Period.,
Bagd^Say CtL 18 n t0 . ^ crucial 01le ^ '^tory of the
the whole undert'ikinc and r " 'i'" j ieu t ' ial 'ermany secured the concessions lor
Government! Th^basis the fiprm? ^ ^ ree '" ente »ith the Ottoman
foreshadowed in the agreement 'of " i'v V '' 'P"" 6 ' 'i t0 build to Bagdad, was
provided for an exteLfon , ?l aad secured b y tllat o£ 1^9. which also
to Basra , and the convention of 190:; and the definiti ve one

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Content

This printed memorandum is a copy of an article reprinted for private circulation from the The Quarterly Review of October 1917 concerning the Baghdad Railway negotiations. The purpose of the article is to trace the development of railway interests in Turkey and seek to focus the situation in which the later negotiations concerning the Baghdad Railway took place, and ultimately resulted in a draft agreement. The article is divided into the following chronological periods which are dealt with in corresponding sections of the article: 'The First Period' (ending 1888), 'The Second Period' (ending 1903) and 'The Final Period' (ending June 1914). These sections are followed by a 'Conclusion'. Each section is referenced with footnotes.

There is one map accompanying the article on folio 71 entitled 'Map of Railways in Asiatic Turkey representing their condition in July 1914' with the following railway systems represented: 'Turkish Railways (European and Hejaz)', 'Anatolian Railway', 'Baghdad Railway System, Working', 'Baghdad Railways System, Projected', 'Baghdad Railway System, Branches', 'Other German Projected Lines', 'Smyrna-'Aidin Railway (British)', 'Smyrna-'Aidin Railway Projected', 'French Railways', 'French Railways Projected', 'Egyptian State Railway', 'Russian Railways', and 'Navigation Concessions under British Management'.

Extent and format
16 folios, including 1 map
Physical characteristics

Foliation: The foliation for this description commences at folio 56. and terminates at folio 71, as it is part of a larger physical volume; 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. An additional foliation sequence is also present in parallel between folio 11-158; these numbers are also written in pencil, but are not circled, and can be found in the same position as the main sequence.

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English in Latin script
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'The Baghdad Railway Negotiations' [‎59v] (8/32), British Library: India Office Records and Private Papers, IOR/L/PS/18/B285, in Qatar Digital Library <https://www.qdl.qa/archive/81055/vdc_100023608733.0x000009> [accessed 29 March 2024]

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