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'P. 1. 2410/1903. Persia:- Financial Situation. Loans.' [‎73r] (150/1056)

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The record is made up of 1 volume (526 folios). It was created in 3 Apr 1903-17 Jan 1906. 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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DRAFT,
L
Umo. for Persian Minister,
On April 17th, 1905, H.M. Minister
at Tehran was authorised to inform the
Persian Government that H.M, Govt, were
prepared to facilitate a further advance
hy the Imperi 1 BanK of Persia of £100,000
at 5 on the security of the Customs
of Pars and of the Persian Gulf The historical term used to describe the body of water between the Arabian Peninsula and Iran. , on the
sole condition that in the event of the
project of Karun Irrigation eventually
developing, its execution should only
he entrusted to Agents approved hy
H, M. Government .
As the Persian Govt, objected to
this condition the proposal was abandoned
and must be considered to be definitely
vnthdraim.
H.M, Government are anxious to fo
everything they can to assist the Persian
Govt. They are therefore prepared to
facilitate an advance of a sum not
exceeding £150,000, to be made in the same
manner and on the same terms as regards
security and interest, as in the case of
the two previous loans. H.M. Govt, do
not desire to attach any new conditions
to this advance md will be satisfied with
the recapitulation of to which
they consider that the Persian Govt, are
already

About this item

Content

The volume comprises telegrams, despatches, correspondence, memoranda, and notes, relating to a loan made to the Persian Government in April 1903, and further advances made during 1904 and 1905.

The discussion in the volume relates to the terms of the loan agreements including possible concessions and collateral that could be secured against them; and agreements with the Imperial Bank of Persia through whom the money was loaned. Also discussed is the definition of the term 'Fars and the Persian Gulf The historical term used to describe the body of water between the Arabian Peninsula and Iran. ' in relation to customs duties, as this was one of the concessions that the 1903 loan was secured against.

Further discussion surrounds loans and advances which the Persian Government were negotiating with the Russian Government; and a proposal for an irrigation scheme on the Karun River which was considered as a possible concession in return for a further loan advance.

Included in the volume is a copy of the Règlement Douanier signed on the 29 August 1904 between representatives of the Persian Government and His Majesty's Government (ff 193-232).

The principal correspondents in the volume include the Secretary of State for Foreign Affairs (Lord Lansdowne, Sir Edward Grey), the British Minister to Persia (Sir Arthur Henry Hardinge), the Under Secretaries of State for Foreign Affairs (Sir Charles Hardinge, Sir Thomas Henry Sanderson), and for India (Earl Percy, Sir Arthur Godley), the Viceroy of India (Lord Curzon of Keddleston), the Secretary to the Political and Secret Department of the 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. (Sir Richmond Richie) and the London Manager of the Imperial Bank of Persia (George Newell).

The volume is part 1 of 4. Each part includes a divider which gives the subject and part numbers, year the subject file was opened, subject heading, and list of correspondence references contained in that part by year. This is placed at the back of the correspondence.

Extent and format
1 volume (526 folios)
Arrangement

The papers are arranged in approximate chronological order from the rear to the front of the volume.

The subject 2410 (Persia Loans) consists of 4 volumes, IOR/L/PS/10/8-11. The volumes are divided into 4 parts with each part comprising one volume.

Physical characteristics

The foliation sequence commences at the inside front cover with 1, and terminates at the inside back cover with 526; 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.

A previous foliation sequence, which is also circled, has been superseded and therefore crossed out.

Written in
English and French in Latin script
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'P. 1. 2410/1903. Persia:- Financial Situation. Loans.' [‎73r] (150/1056), British Library: India Office Records and Private Papers, IOR/L/PS/10/8, in Qatar Digital Library <https://www.qdl.qa/archive/81055/vdc_100025717271.0x000097> [accessed 28 March 2024]

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