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'File 9/22 Opening of second bank in Bahrain: Imperial Bank of Iran' [‎10r] (19/44)

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The record is made up of 1 file (20 folios). It was created in 25 Aug 1944-3 Sep 1949. It was written in English and Arabic. 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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THE EASTERN BANK, LIMITED,
BAHRAIN, 7th November, 1944
i
Dear Mr. Golder,
With reference te the last paragraph in my letter
•f 28th ultimo, I have new had an opportunity of a friendly
discussion with The Hon'ble the Political Resident A senior ranking political representative (equivalent to a Consul General) from the diplomatic corps of the Government of India or one of its subordinate provincial governments, in charge of a Political Residency. in the
Persian Gulf The historical term used to describe the body of water between the Arabian Peninsula and Iran. , Sir Geoffrey Prior, K.C.I.E., on business
prospects in Dubai and Muscat. Sir Geoffrey is of opinion
that the trade boom which has been flourishing in these
ports during the past three years is due entirely to the
War and the resultant black market and that it will dwindle
when conditions return to normal. He pointed out that it
was possible that Ling ah would become a free port after the
War and this would greatly affect the trade of Dubai, as
imports for Iran would then pass through the former port.
At the same time he indicated that, as the present prosperity
of Dubai was closely connected with Iranian trade, The
Imperial Bank of Iran would be able to handle the business
from Bahrain.
In view of the above I am not taking any further
steps to visit Dubai at present. Should the oil companies
start work on the Trucial Coast A name used by Britain from the nineteenth century to 1971 to refer to the present-day United Arab Emirates. however, the situation
should be reviewed again.
Sir Geoffrey then brought up the question of our
competitor and informed me confidentially that he decided
two years ago that there should be another bank in Bahrain.
This decision was arrived at after a discussion he had with
some of the leading merchants here in October 1942. He
assured me that no other bank would be allowed to open here
within ten years from now.
‘, Esquire,
al Manager,
The Eastern Bank, Ltd.,
London, E.C.3.

About this item

Content

The volume contains correspondence between the Political Resident A senior ranking political representative (equivalent to a Consul General) from the diplomatic corps of the Government of India or one of its subordinate provincial governments, in charge of a Political Residency. in Bushire, the Political Agent A mid-ranking political representative (equivalent to a Consul) from the diplomatic corps of the Government of India or one of its subordinate provincial governments, in charge of a Political Agency. in Bahrain and representatives of the Imperial Bank of Iran on the opening of a branch of the Imperial Bank of Iran in Bahrain. The bank in question is the second bank in Bahrain, and the new branch is intended to break the monopoly of the Eastern Bank Limited. There are copies of letters intercepted by the Foreign Office, exchanged between representatives of the Eastern Bank, expressing concern for the opening of the branch. The file contains correspondence in Arabic and English with Shaikh Salmān bin Ḥamad Āl Khalīfah, Ruler of Bahrain.

Extent and format
1 file (20 folios)
Arrangement

The papers in the file are arranged chronologically. There are file notes at the end, on folio 21. The notes are arranged chronologically and refer to documents within the file.

Physical characteristics

Foliation: the main foliation sequence (used for referencing) commences at the front cover with 1 and terminates at the back cover with 22; 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 mixed foliation/pagination sequence is also present in parallel between ff 2-21; these numbers are also written in pencil, but are not circled. These numbers are located in the same position as the main sequence, except for some instances which are located on the verso The back of a sheet of paper or leaf, often abbreviated to 'v'. .

Written in
English and Arabic in Latin and Arabic script
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'File 9/22 Opening of second bank in Bahrain: Imperial Bank of Iran' [‎10r] (19/44), British Library: India Office Records and Private Papers, IOR/R/15/2/367, in Qatar Digital Library <https://www.qdl.qa/archive/81055/vdc_100025655854.0x000014> [accessed 28 March 2024]

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