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'File 0602 Imperial Bank of Iran - Banking Agreement & Bank Reports, Vol. 1' [‎60r] (119/124)

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

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Page 2.
Su?ar, Wheat, Rice,Machinery and Government surplus vehicles were
the main items purchased from the U.K.but consumei gooes an
were alojfs imported in large quantities.
British piecegoods are still considered to he to expensive.
Ghee, Woollen blaniets, piecegoods and aromatic chemicals were
imported from Holland and Italy against Sterling.
Ancstralian foodstuffs increased in popularity and most of tne
tinned Iruit^vermfceSi, Jam, wheat and flour came from that country.
Tmnorts from Hong Kong were greatly reduced during the period
under review and we?frestricted to Chinese silk and cotton piecegoods
v/hich were paid for in 'iterling.
In the absence of any other British establishment willing to do oO
the Bank undertook the Agency An office of the East India Company and, later, of the British Raj, headed by an agent. for the M.O.F.Rice Quota.
«
This entailed acting as intermediaries between the Ministry anc
The Food Companies.
No change was made.
the
Our only dollar transaction during/year was on behalf of Doctor
T.C.Fernandez.
He imported Surgical (Dental)Equipment to the value of £3000/-
(Three thousand dollars).
Harvey C.Wyant, an American precious stone dealer , came to ^ubai
for the Pearling season.
He stayed for two months and made purchases amounting to Rupees Indian silver coin also widely used in the Persian Gulf.
300,000.
Haji Rais Hassan Rais Saddi & Co. received large orders for Guano
and Dried Fish.
•Shipments valued at £ 13>000 and £ kpOO/-
They have several orders outstanding amounting to £36,000/-
Dubai has now became established as a consumer of foreign goedo
and requests for reports on merchants and condi/tions are constantly
being received from abroad.
The Bank established an Jn£° rma "ki. on Service to assist merchants in
finding overseas suppliers.
The arrival of a team of Oil Oompany Engineers caused a sna.rp rise
in the demand -for Travellers' Cheques, Demand Drafts and clean
remittances.
P.T.0.

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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
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'File 0602 Imperial Bank of Iran - Banking Agreement & Bank Reports, Vol. 1' [‎60r] (119/124), British Library: India Office Records and Private Papers, IOR/R/15/4/8, in Qatar Digital Library <https://www.qdl.qa/archive/81055/vdc_100026502099.0x000078> [accessed 29 March 2024]

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