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File 523/1912 Pt 1 'Persia: Imperial Bank: mint contract' [43r] (81/386)
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. .
Transcription
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!f
the proposal in favour of joint action oy the two Banks
in accordance with the agreement of 1914 and the proposed
Draft Contract with the Persian Government, in which they
suggested certain amendments to which we agreed. We
venture to hope that His Majesty 1 s Government will hold
the Russian Government strictly to this decision, and
will not permit the proposition to be revived.
4. In addition to the arguments given in the en
closed Memorandum for regarding M. Heymann f s proposal as
doth unnecessary and unwise, it may he observed that one
effect of it would be to give to the Russian Bank, for
the time being, complete control of the Exchange business
in Persia. Thereby the position and prestige of the
Imperial Bank would be seriously injured. In illustra
tion of what judicious Exchange banking can accomplisii,
it may be mentioned that notwithstanding the forced
closing of some of our branches, our Chief Manager was
aole to finance over eleven millions of Roubles in the
six months ending 20th March, although during the same
period only £90,000 worth of silver was imported. The
Russian Bank should oe able to do as well if they would
join us in the importation of silver.
5. Arising out of this discussion there are two
points to which my Board desire especially to call
attention. The first is the urgency of obtaining with
out delay the Persian Governments acceptance of the
proposed Joint Contract between that Government and the
two Banks. Until the Contract is signed oy the Persian
Government it cannot oe acted, upon; the Russian Bank
cannot co-operate in the importation of silver, and will
continue to complain of its inability to obtain Krans.
It seems probable that a joint representation oy the
British
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.
- Written in
- English in Latin script View the complete information for this record
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File 523/1912 Pt 1 'Persia: Imperial Bank: mint contract' [43r] (81/386), 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_100035430676.0x00005b> [accessed 29 July 2026]
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Copyright: How to use this content
- Reference
- IOR/L/PS/10/224/1
- Title
- File 523/1912 Pt 1 'Persia: Imperial Bank: mint contract'
- Pages
- 3r:195v
- Author
- East India Company, the Board of Control, the India Office, or other British Government Department
- Usage terms
- Open Government Licence