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'Second Memorandum as to Persian Government Loans' [55v] (4/6)
The record is made up of 1 file (3 folios). It was created in 27 Nov 1912. 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. .
Transcription
This transcription is created automatically. It may contain errors.
4
The Accountant-General of this Office paid the
sum of 7,500?. to the Imperial Bank ot Persia to
the credit of His Majesty’s Legation at Tehran on
the 27th November 1912. Pol. 4552/12.
The unexhausted balance of the sum of 100,000?.,
which the Secretary of State in Council expressed
himsell *in February last (see paragraph 5 above)
as ready to advance to the Persian Government
from Indian revenues is now MO,000?., (i.e., 100,000?.,
less 50,000?. + 12,500?. + 7,500?.)
9. Thus the debts of the Persian Government Total debt of the Persian Govern-
to His Majesty’s Government are to-day (2
November 1912)* as follows:—
.£ s.
(1) Anglo-Indian Loan of 1903
and 1904 (5 per cent.) - 314,281 1G
(2) Anglo-Indian Advance of
February 1912 (7 per cent.) - 100,000 0
(3) Anglo-Indian Ad\ance of
August 1912 (7 percent.) - 25,000 0
(4) Anglo-Indian Advance of
November 1912 (7 per cent.) 15,000 0
Total - - £454,281 16
tP ment to His Majesty’s Govennment.
(£454,282.)
j * The advance of November being
treated as already in the hands of the
Persian Government.
4
0
0
0
4
Interest only on these sums has at present to be
paid, but, unless the arrangements agreed on are
modified, redemption of capital should begin in the
case of (1) from the 21st March 1913, and in the case
of (2), (3) and (4) from the 29th March 1913. If
a huge loan be issued hereafter for the Persian
Government, the advances of February, August
and November should be repaid out of the proceeds.
There have been various projects for such a loan,
and M. SazonotT discussed it on his recent visits to
London and Paris : the proposal that is now under
consideration is that it should be arranged by the
Societe d'Etudes of the Trans-Persian Railway, if
the financial position in Persia should be found to
justify it.
Another proposal also has recently been mooted Slr E - Grey s Telegram to Sir G.
for arranging a loan of smaller amount under Euchanan > No- l^-b^l3th^N°vember 1912.
British and Russian auspices.
10. In conclusion it may be noted as a point of
detail that a proposal has recently been approved
after consultation with this Office to arrange for
the simultaneous payment each month of the sums
due from the Persian Government in respect of the
Anglo-Indian Loan of 1903 and 1904, the public
5 per cent. Loan of 1911, and the recent advances
made by His Majesty’s Government.
Simultaneous monthly payments
in respect of various Loans.
Sir E. Grey’s Despatch to Sir W.
Townley, No. 207, 25th October 1912.
P. 4181/12.
J. E. F.
Political Department,
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.
,
27th November 1912.
#
About this item
- Content
This memorandum is a continuation of a previous memorandum dated 17 October 1910 (see IOR/L/PS/18/C120a).
The memorandum summarises a number of major loans made by the British to the Persian Government from 1910-1912: this therefore includes summaries of the following:
- the Persian Government 5% Loan of £1,250,000 (1911);
- the Anglo-Russian Advance of £200,000 (1912) and Anglo-Indian Advances made as a result in August and November 1912;
- the remuneration of the Imperial Bank of Persia for its services in facilitating loans to the Persian Government.
The appendix (folio 56) includes a table of amortisation annuity for the Persian Government Loan of 1910, which consolidated its debts to the Imperial Bank of Persia; it outlines the interest payable by year from 1913-1927. It also includes a copy of the joint note issued to the Government of Persia by British and Russian ministers outlining the terms of the Anglo-Russian Advance (1912).
This memorandum continues in a subsequent memorandum dated 1 September 1913 (see IOR/L/PS/18/C120c).
- Extent and format
- 1 file (3 folios)
- Arrangement
The memorandum is divided into two parts: the main body (folios 54-56) and the appendix (folio 57).
- Physical characteristics
Foliation: the foliation sequence commences at f 54, and terminates at f 56, as it is part of a larger physical volume; these numbers are written in pencil, 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. Pagination: the item also contains an original pagination sequence.
- Written in
- English in Latin script View the complete information for this record
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Copyright: How to use this content
- Reference
- IOR/L/PS/18/C120b
- Title
- 'Second Memorandum as to Persian Government Loans'
- Pages
- 54r:56v
- Author
- East India Company, the Board of Control, the India Office, or other British Government Department
- Usage terms
- Open Government Licence