'Memorandum on the Financial Obligations of the British, Indian and Persian Governments respectively in relation to Telegraph Lines in Persia.' [‎214r] (7/19)

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t,.e Persxan Sovernnent. It was aiso agreed that fro M the
date of comencenent of the wort ana up to the 1st January.
eontrih li teiDinatlon 0f th « Agreement, an annual
contribution of £300 should he paid to the Persian
Government for the maintenance of the line, it has since
been agreed between the Director at Teheran and the Persian
Minister of Posts and Telegraphs that this sum is not to
be actually paid but is to be retained and used to redeem
in part the debt of £20,690, and that the coet of
maintenance is to be recovered by deductions from the
periodxcai collections made by the Department on behalf
of Persia. Tne first payment of £300 was made for the
year 1913-14 and the last payment will be due in the year
1944.45 so that 32 payments in all will be made .amounting
to £9#^^-' and tnis will reduce the debt due from Persia
to £11,090. No arrangements have yet been made for the
liquidation of the latter mount.
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ThI? Treasury agreed to pay a moiety of the grant
of £5,000 to P rsia and to share in the advance made to
Persia for the balance of the estimated cost of the work.
P.66/14, viz., £l8,060. It was arranged that the share of the
Treasury in the advance should not exceed £9,030 and that
P.912/14 if the expenditure on the work exceeded the estimated cost
of £23,0o0, such excess was to be net from the Indian
T?xchequer. It was further arranged that the part of the
advance made by the Treasury should be repaid in 18 annual
P.66/14 instalments from Indian revenues, such repayment was not
to depend on the realization of recoveries of equivalent
sums from the Persian Ooverament. The first instalment was
to be £530 and the subsequent seventeen instalments were
to be each £500. The Treasury also agreed to pay a moiety
of the annual payments of £300 to the Persian Government,
for the maintenance of the line.
AS a result of these arrangements, the Foreign Office
paid to 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. in 1914-15;-
£
A moiety of £5,000, the grant
to Persia ... • • •
2,500
A moiety of £300, the annual
payment due to Persia,* or
the year 1913*191^
150
Total 6J0
When the work had been completed as far as Shuster at a
coet to that date of £22,121, the Toreign Office were
ashed to contribute the share of the Inperial ^chequer
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