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File 747/1913 Pt 1 ‘Loans to Persia’ [34r] (72/480)
The record is made up of 1 volume (236 folios). It was created in 14 Apr 1903-5 Feb 1914. It was written in English and French. 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.
Brought forward
8. Service sanitaire (quarantaines, &c.) - - 200,000
9. Constructions et reparations des batiments gouver-
nementaux - - - - 120 000
10. Entretien et approvisionnement des huit bateaux a
vapeur - : . " - - 900,000
11. Appointements des fusiliers gardes-cotes (Golfe
Persique) - - - - 160,000
12. Redevances annuelles dues an Gouverneur de
Bouchir _____ 200,000
13. Redevance pour le port et les batiments douaniers
de Mechedi Ser - - _ _ 120,000
14. Redevance pour leport et les batiments douaniers
d’Astara - - - - 125,000
15. Frais de transfert des fonds des bureaux dii sud
(2 a 3 pour cent.) - - - - 200,000
Total - - _ 26,395,000
Ce budget est etabli d’apres les obligations souscrites par le Gouverne-
ment, en ce qui concerne les articles l er , 2, 3, et 4, et suivant Pusage en ce
qui concerne les articles 5 a 15.
APPENDIX VIII.
(Referred to in paragraph 55.)
Agreement between the Persian Government and the Imperial
Bank of Persia.
(Enclosed in Mr. Marling’s Despatch No. 92, 8th June 1910 —
Pol. 3556/1910.)
In conformity with the negotiations which have taken place between the
Persian Government and the Imperial Bank of Persia, it is hereby agreed
that:—
I- The consolidation of the several amounts due to the Imperial Bank of
Persia, according to the statement rendered to and accepted by the Persian
Government, is hereby effected, and the interest payable thereon from the
21st March 1910, is fixed at the rate of 7 per cent, per annum.
2. Payment of interest on the loan and redemption of the capital will be
effected by the Persian Government paying the yearly instalments amounting
to 3,729,390'95 krans, as set forth in Clause No. 3, in proportional monthly
amounts of 310,782'60 krans covering a period of fifteen years from the
21st March 1910.
3. As security for the debt and as guarantee for the payment of the
yearly instalment of 3,729,390'95 krans agreed upon, the full net customs
receipts of the
Persian Gulf
The historical term used to describe the body of water between the Arabian Peninsula and Iran.
ports, including Bushire, Bunder Abbas, Lingah,
Mohammerah, and Ahwaz, are hereby made payable to the Imperial Bank of
Persia, and the Persian Government bind themselves by the terms of this
agreement to pay exclusively to the Imperial Bank of Persia all such customs
receipts with no deduction save that of the actual expenses of administration
of the customs of the above-named ports for a period of 15 years or until
such time as the debts shall be totally extinguished.
4. The Imperial Customs will pay to the Imperial Bank of Persia, week
by week, the above-mentioned Customs receipts of the whole of the Persian
Gulf ports, including Mohammerah and Ahwaz, and the Imperial Bank of
Persia will render to the Persian Government monthly, on the 21st of each
About this item
- Content
The volume comprises copies of correspondence, minutes and other papers relating to the advance of loans to Persia. Two different loans are discussed:
- a loan of £100,000, made by the British Government in May 1913 to the Governor-General of Fars (half of which was to be payable by the Government of India), to be utilised towards the maintenance of law and order in southern Persia (specifically in the form of subsidies to be paid to the Fars gendarmerie), and proposed in response to a number of recent attacks on British forces, including the murder of Captain Eckford of the 39th Central India Horse, near Shiraz in December 1912;
- a joint Anglo-Russian loan to the Persian Government, to the value of £400,000, divided equally between Britain and Russia, with the Government of India paying £100,000 towards the British Government’s share of £200,000.
The correspondence deals with arrangements for the payment of the loans, conditions attached to them, the agreement of terms between the British and Russian Governments, the date of commencement of interest repayments.
Amongst the conditions discussed are:
- protection of and provision for British interests in the Persian Gulf The historical term used to describe the body of water between the Arabian Peninsula and Iran. , namely Persia’s responsibility for the supply of lighting and buoying in the waters surrounding Persian islands, and protection for Bahrainis and Trucial Coast A name used by Britain from the nineteenth century to 1971 to refer to the present-day United Arab Emirates. subjects in Persia;
- loan interest rates;
- security against the loans, and repayment of loans, in the form of Persian customs receipts, and opium receipts;
- mining and railway concessions in Persia, pursued by British and Russian interests.
The volume’s principal correspondents are: Sir Walter Beaupre Townley, British Minister at Tehran; Sir Arthur Hirtzel 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 Louis Du Pan Mallet of the Foreign Office; Sir Edward Grey, Secretary of State for Foreign Affairs.
The volume’s core correspondence covers the period January 1913 to February 1914. The earlier start date given for the volume is a result of correspondence included in a secret memorandum on Persian Government loans (ff 13-38), itself dated 17 October 1910, which is an historical précis of loans given to Persia by the British Government and Government of India since 1903.
- Extent and format
- 1 volume (236 folios)
- Arrangement
The papers are arranged in approximate chronological order from the rear to the front of the volume.
The subject 747 (Loans to Persia) consists of 3 volumes, IOR/L/PS/10/353-355. The volumes are divided into three parts, with each part comprising one volume.
- Physical characteristics
Foliation: The foliation sequence commences at the inside front cover with 1 and terminates at the inside back cover with 238. An additional foliation sequence is also present in parallel between ff 2-238; these numbers are also written in pencil and are circled, but have been struck through.
- Written in
- English and French in Latin script View the complete information for this record
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File 747/1913 Pt 1 ‘Loans to Persia’ [34r] (72/480), British Library: India Office Records and Private Papers, IOR/L/PS/10/353, in Qatar Digital Library <https://www.qdl.qa/archive/81055/vdc_100029479711.0x000049> [accessed 12 May 2024]
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Copyright: How to use this content
- Reference
- IOR/L/PS/10/353
- Title
- File 747/1913 Pt 1 ‘Loans to Persia’
- Pages
- 33v:34r
- Author
- Government of Persia
- Usage terms
- The copyright status is unknown. Please contact copyright@bl.uk with any information you have regarding this item.