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Persia Telegrams (Foreign Office) [197v] (22/36)
The record is made up of 1 file (18 folios). It was created in 9 Apr 1919-27 Jul 1919. 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.
Treasury agree to re-examine whole question of incidence of Persian expenditure, and
that if examination leads to readjustment in principle of scale of division as between
British and Indian revenues, new scale will apply retrospectively to loan now’ in
contemplation. It is proposed that new loan should be secured on southern customs
plus those of Seistan, Kermanshah, and Azerbaijan, or other available revenues of
Persian Government. Loan must be made available in gold, silver, or local currency,
last named being obviously greatly preferable so far as practicable. In respect to
Indian moiety Imperial Bank could doubtless obtain krans by sale of rupee drafts on
you (vide my telegram of 21st May and your reply of 25th May). If krans for British
moiety cannot be obtained in full by sale of sterling, could you supply any further
rupees
Indian silver coin also widely used in the Persian Gulf.
against repayment to me by Treasury in sterling? This telegram is being
repeated to Cox w ho is being consulted further as to rate of interest, dates of payment,
and amounts of instalments.
“I am of opinion that above proposal offers the best available prospect of arriving
at a solution of Persian affairs which may provide a stable and friendly Government,
and put an end to large and irregular subsidies for particular purposes from Indian
funds.”
4 '*
■*
No. 3.
Earl Curzon to Sir P. Cox (Tehran).
(No. 312. Very Urgent.) Foreign Office, May 30, 1910, 6 p.m.
YOU will see from
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.
telegram to Government of India, repeated in my
telegram No. 311, that his Majesty’s Government have agreed to make loan of
2,000,000/. to Persia. There is, however, considerable difficulty as regards actual
method of payment. Treasury could not remit gold as none is available, and loan
must therefore be financed through Imperial Bank of Persia in local currency. You
will see from above-mentioned telegram procedure proposed by
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.
. 1 should
be glad to receive your observations thereon.
Please also telegraph your views on following points :—
1. Kate of interest.
2. Date and amount of first payment.
3. Amount of subsequent instalments.
4. Arrangements for repayment of sinking fund.
Further progress of general negotiations must await your reply to above. As
soon, however, as question of loan is settled fiis Majesty’s Government hope that
general agreement may be completed at once.
(Repeated to Government of India.)
1
No 4.
Sir h. Cox to Earl Curzon.—(Received June 6, 3‘30 p.m.)
Tehran, June 5, 1919.
(June 5, 1L30 a.m.)
(No. 399.)
YOUR telegram No 312.
In the event ol sterling loan Uis Majesty’s Government will be concerned onlv to
pay amount to imperial Bank of Persia, London. Persian Government will arrange
direct with bank for conversion into Persian currency. Presumably Government of
India will afford hank facilities when possible for transfers from London to Bombay if
required. J
It would be difficult at present to make new loan contract suitable basis for public
issue as there are large advances by His Majesty s Government of indefinite amounts
m i liave pri0 5 1 lien over part of revenue now proposed as security for new loan.
1910 nr 0 ?nrf * 1 lQ e i f i re i that new loan sbouM be an advance similar to advances of
1 , IJU .r/ • ’ f vlD § q^t^n of ultimate consolidation of debt to later
consideration of Persian Government and its financial advisers
1 suggest that loan should be granted on following basis : —
t.lacell t. H tLc™ld tJ ,U^V l ‘ rJlme n t0 of 2.000.000J. to be
] a credit or [.J ieraian Government with Imperial Bank of Persia, London,
About this item
- Content
This file consists of a series of telegrams regarding Britain's relations with Persia in the aftermath of the First World War. Almost all of the correspondence is conducted between Sir Percy Zachariah Cox [Acting British Minister to Persia] and Earl Curzon [George Nathaniel Curzon, Acting Foreign Secretary in the absence of Arthur James Balfour, who was attending the Paris Peace Conference]. Other correspondents include the Viceroy of India [Frederic John Napier Thesiger], the Foreign Secretary [Balfour], 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. , and the Secretary of State for India [Edwin Samuel Montagu].
The telegrams document negotiations – running concurrently with the Paris Peace Conference – between Cox and the Persian Government for an Anglo-Persian Treaty. Cox's telegrams notify Curzon of the details of a draft agreement; Curzon's telegrams to Cox make requests for revisions to the wording and, in certain cases, to the essence of the draft.
Topics of discussion include: the Persian Government's desire for the frontiers of Persia to be rectified in certain localities and Britain's policy on this issue; Persian claims to compensation for damage suffered during the war at the hands of the other belligerents; the likelihood of the Persian case being heard at the Paris Conference; details of a proposed new loan to the Persian Government from the British Government, and the Secretary of State for India's concerns about the implications of this loan for the division of expenditure on Persia between Imperial and Indian revenues.
- Extent and format
- 1 file (18 folios)
- Arrangement
The telegrams are arranged in approximate chronological order.
- Physical characteristics
Foliation: the foliation sequence for this description commences at f 187, and terminates at f 204, as it is part of a larger physical volume; 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.
Pagination: the volume also contains an original printed pagination sequence.
- Written in
- English in Latin script View the complete information for this record
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Persia Telegrams (Foreign Office) [197v] (22/36), British Library: India Office Records and Private Papers, IOR/L/PS/18/C196, in Qatar Digital Library <https://www.qdl.qa/archive/81055/vdc_100026556860.0x000017> [accessed 24 April 2024]
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- Reference
- IOR/L/PS/18/C196
- Title
- Persia Telegrams (Foreign Office)
- Pages
- 187r:204v
- Author
- East India Company, the Board of Control, the India Office, or other British Government Department
- Usage terms
- Open Government Licence