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File 523/1912 Pt 1 'Persia: Imperial Bank: mint contract' [‎31v] (58/386)

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The record is made up of 1 item (195 folios). It was created in 1912-1917. 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. .

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toy His Majesty’s Treasury in London, Russian Government
Treasury Bills to an appropriate amount toeing deposited
to tlie order of the Treasury for this purpose.
The atoove proposal has, as you are aware, toeen
the subject of semi-official discussion between the
Treasury and the Financial Agent of the Russian Govern
ment in London and of a conversation at this Department
with representatives of your Bank.
As a result of these discussions it would appear
that the existing restrictions on trade and the diffi
culties Which the Imperial Bank of Persia have
experienced in the past in obtaining remittances of
silver through Russia would make it impossible for
your Bank to provide the whole sum required toy the
Russian Government. Nor does it appear essential that
you should do so. While, indeed, it may toe difficult
or impossible for the Russian Government to finance
the whole of their requirements toy the sale of rouble
bills, it does not follow that they could not finance
a substantial proportion in this manner and it is
hoped that^as a result of the semi-official conversa
tions which have taken place with the representative
of the Russian Government in the matter that this sale
j
of rouble bills may still further be facilitated by
the increase of trade intercourse between Russia and
Persia and possibly by the removal of the prohibition
on the export of petroleum to Persia.
Lord Grey understands on the other hand that
your Bank are prepared, subject to suitable arrange
ments, to furnish the Russian Government with the
equivalent in krans of Forty thousand pounds per £40
month during each of the three months August,
September and October, and he is informed that the

About this item

Content

The volume comprises telegrams, despatches, correspondence, memoranda, and notes, relating to a minting contract for the Imperial Bank of Persia.

Included in this part is the Imperial Bank of Persia's concession to mint and the anticipated infringement by the Russian Government, as well as the impact of the February Revolution 1917.

The part of this volume includes a divider which gives the subject and part numbers, the year the subject file was opened, the subject heading, and a list of correspondence references contained in that part by year. This is placed at the back of the correspondence.

Extent and format
1 item (195 folios)
Arrangement

The papers are arranged in approximate chronological order from the rear to the front of the volume. The subject 523 (Persia) consists of 1 volume, IOR/L/PS/10/224. The volume is divided into 2 parts with parts 1 and 2 comprising one volume.

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English in Latin script
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File 523/1912 Pt 1 'Persia: Imperial Bank: mint contract' [‎31v] (58/386), British Library: India Office Records and Private Papers, IOR/L/PS/10/224/1, in Qatar Digital Library <https://www.qdl.qa/archive/81055/vdc_100035430676.0x000044> [accessed 5 August 2026]

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