File 2764/1904 Pt 2 'Baghdad Railway: General negotiations 1908-10.' [369v] (753/799)
The record is made up of 1 volume (391 folios). It was created in 1908-1910. 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
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BAGDAD KAILWAY
SECRET.
[13544]
(No 187 ) ^ ^ arc ^ a y t° Sir Edward Grey.—{Received April 21.)
Sir ’ WTTW i . , , v/ P"". 13, 1908.
'V 1 " reference to my despatcli No. 171 of the 7th instant, I have the honour to
append a Table compiled from figures furnished me by Sir A. Block, showing the rate
atwhicn the present floating charges on the surplus of the ceded revenues will be
cleared on:—
Present floating" charges..
Will be paid off in June 1908
Add interest, say ..
Will be paid off in June 1909
Add interest, say ..
Will be paid off in June 1910
Add interest, say..
Add a further advance made in the last few days by the Anatolian
Railway Company ..
Plus interest for 1908-9-10
Total
£ T.
937.000
310.000
627.000
40.000
667.000
310.000
357.000
25.000
382.000
310.000
72.000
5,000
77.000
100,000
21.000
198,000
It will be seen that, supposing no further charges are incurred, there will still
remain at the end of June 1910 a sum of close on £ T. 200,000 to be paid off. These
temporary charges in themselves need not, of course, prove an insuperable obstacle to
the surplus being used for a railway loan. They could be funded, or a formal under
taking on the part of the Ottoman Government ear-marking it for the Bagdad Railway,
after the present floating charges have been paid off, would doubtless satisfy the
Railway Company. What is, however, somewhat remarkable, is that the extension of
the railway should be mooted at a time when the Berlin market is under the strain of
large impending loans. It would seem as though the Railway Company need not
depend for funds exclusively on Berlin.
In the course of conversation on the 11th instant the Grand Vizier again assured
me that he was opposed to the hypothecation of the surplus of the ceded revenues for
the Bagdad Railway, and that he would do his utmost to prevent it. I have no doubt
as to his Highness’ sincerity on this point, as the surplus is a most convenient security
for advances when the financial strain becomes more than usually acute, and it would
naturally be very distasteful to the Porte to see it permanently tied up. At the same
time there is no doubt that the Sultan is anxious to see the railway extended as far as
Aleppo so as to establish through connection with the Hedjaz.
It will not have escaped your notice that in the Memorandum forwarded in my
despatch No. 171, it is stated that if the railway is only to be prolonged as far as
Aleppo, the Company demands an increase in the construction kilometric guarantee to
13,500 fr., or £ T. 2,500 more than that provided for by their Convention. I understand
that in this case the guarantees for the further sections would be reduced pro tanto.
I have, &c.
(Signed) G. BARCLAY.
*
[2941 *—2]
About this item
- Content
The volume comprises telegrams, despatches, correspondence, memoranda, newspaper cuttings, maps and notes, relating to negotiations over the proposed Berlin to Baghdad Railway in the period 1903-1907.
The discussion in the volume relates to the economic, commercial, political and military considerations impinging on British strategy for the international negotiations over the development of a railway to Baghdad in particular.
Further discussion surrounds the motivations and strategies of British competitors in the area; included in the volume are four maps.
The principal correspondents in the volume include the Secretary of State for Foreign Affairs (Lord Lansdowne, Sir Edward Grey), His Majesty's Ambassador at Constantinople (Sir Nicholas O'Connor), 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).
- Extent and format
- 1 volume (391 folios)
- Arrangement
The papers are arranged in approximate chronological order from the rear to the front of the volume.
The subject 2764 (Bagdad Railway) consists of five volumes, IOR/L/PS/10/56-60. The volumes are divided into five parts with each part comprising one volume.
- Physical characteristics
Foliation: the main foliation sequence (used for referencing) commences at the first folio with 1 and terminates at the inside back cover with 392; 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 ff 329-358; these numbers are also written in pencil, but are not circled, and are located in the same position as the main sequence. A previous foliation sequence, which is also circled, has been superseded and therefore crossed out. The foliation sequence does not include the front cover.
- 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/10/57
- Title
- File 2764/1904 Pt 2 'Baghdad Railway: General negotiations 1908-10.'
- Pages
- front, back, spine, edge, head, tail, front-i, i-r:i-v, 1r:164v, 166r:238r, 238r:238v, 238v:277r, 277r:277v, 277v:285r, 285r:285v, 285v:363v, 365r:392r, 392
- Author
- East India Company, the Board of Control, the India Office, or other British Government Department
- Usage terms
- Open Government Licence