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'File 0602 Imperial Bank of Iran - Banking Agreement & Bank Reports, Vol. 1' [27r] (53/124)
The record is made up of 1 file (62 folios). It was created in 27 Dec 1945-29 Jan 1950. 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. .
Transcription
This transcription is created automatically. It may contain errors.
2
t-hile this clause hound him for 25 years the hank vm'y t liberty
to withdraw at any time and also that there were two hanks in
Bahrain, ,rl he obvious exnlanations follmved and the Shaikh said
that he would consider the matter and rrive his decision the
following day,
4 . TTe also raised the question of his position vis-a-vis
the 'n,C,L, and the Oil Agreement, T hnv© not seen a copy of
this Aaroenent but X understand that the ’, , /,L# h°vc to be
consulted before a bank can be onened in D’-bai, 'r* Johnson
informed me that you had discussed this point with him and
had aiven him to understand that you had taken necessary
action in the matter, X therefore informed the Shaikh that in
considering the nuestioh of prnnttnn a Concession to the
imperial B rk of Iran, ho need not worry ab'ut any complications
arising out of his Agreement rfith the ’,c,L# X did so o the
assurance of ?tr. Johnson that this matter had been token up by
you with the
5 # On the following mominp Shaikh Bashid cano to the
Aa^ncy to continue the nof!?oti^tions haviny, as X liad anticipated,
consulted certain Pubni merchants about the Arrcemont, He
informed us that all the Articles were acceptable with the
exception of Article Ho,ll mentionod above. He arrood rdth
the arguments that there was no scope for more than one bank
in Dubai and would not be for many years to com, but at the
same time he considered that the Article was too binding,
Johnson was adamant on this ■point and X explainod to the
Shaikh that if he wanted the bank to open he wild have to
accept this clause in the Agreement. Eventually he a reed to
Its inclusion if ?*r. Johnson '^ould reduce the oariod of the
Agreement. He considered 25 years too long and asked for a
reduction to 15 years. It was exnlalned to him that in order
to safeguard the position of the bank, a long term Agreement
mo essential etc. etc. and that 15 years was too short a
period. X supported Mr. Johnson f s arguments and advised him
not to give way on th ; s uoint unless absolutely forced to.
H^ therefore continued to nrcss for 25 years. At. this strr-o
it becam /-
About this item
- Content
The file contains correspondence relating to the activities of the Imperial Bank of Iran in Dubai. The principal correspondents are: the British Agency An office of the East India Company and, later, of the British Raj, headed by an agent. at Sharjah; the Political Agency An office of the East India Company and, later, of the British Raj, headed by an agent. at Bahrain; 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. at Bushire (later, Bahrain); and representatives of the Imperial Bank of Iran in both Tehran and Dubai.
The papers cover the following matters:
- the negotiations and final agreement for the opening of a bank branch in Dubai;
- the lease of land for the new bank building;
- the change of name to the British Bank of Iran and the Middle East in August 1949.
The file also contains brief reports on the bank's activities for the years 1948 and 1949, written by the manager, M P Stott.
Folios 6-10 are a copy of the agreement between the bank and the ruler of Kuwait, upon which the Dubai agreement was based. Folios 14-25 are the final Dubai agreement, in triplicate.
- Extent and format
- 1 file (62 folios)
- Arrangement
The file is arranged chronologically.
- Physical characteristics
Foliation: the main foliation sequence commences at the front cover with 1 and terminates at the back cover with 62; 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.
- Written in
- English and Arabic in Latin and Arabic script View the complete information for this record
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'File 0602 Imperial Bank of Iran - Banking Agreement & Bank Reports, Vol. 1' [27r] (53/124), British Library: India Office Records and Private Papers, IOR/R/15/4/8, in Qatar Digital Library <https://www.qdl.qa/archive/81055/vdc_100026502099.0x000036> [accessed 8 May 2024]
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Copyright: How to use this content
- Reference
- IOR/R/15/4/8
- Title
- 'File 0602 Imperial Bank of Iran - Banking Agreement & Bank Reports, Vol. 1'
- Pages
- front, front-i, 2r:5v, 11r:13v, 26r:30v, 32r:35v, 38r:42v, 45r:46v, 48r:51v, 53r:53v, 55r:58v, back-i, back
- Author
- East India Company, the Board of Control, the India Office, or other British Government Department
- Usage terms
- Open Government Licence