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File 523/1912 Pt 1 'Persia: Imperial Bank: mint contract' [‎180r] (355/386)

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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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[This Document is the Property of His Britannic Majesty’s Govern™g^]
PERSIA.
CONFIDENTIAL.
[February 8.J
Section 4.
[5527] No. 1.
Sir G. Buchanan to Sir Edward Grey.—(Received February 8.)
(No. 39.)
Sir, St. Petersburgh, February b, 1912.
THE ‘ Novoe Vremya” of the 4th February publishes a letter from Tehran,
dated the 24th January, signed “ Elm,” and directed against Mr. Shuster. The writer The lowest of the four classes into which East India Company civil servants were divided. A Writer’s duties originally consisted mostly of copying documents and book-keeping. ,
after formulating all the old grievances against Mr. Snuster, his aggressive personality,
his lack of tact, his disregard of established Persian customs, &c., makes a sarcastic
allusion to Mr. Shuster’s boasted magnanimity in renouncing the two and a-half years
salary due to him from the Persian Government. The writer The lowest of the four classes into which East India Company civil servants were divided. A Writer’s duties originally consisted mostly of copying documents and book-keeping. avers that while
Mr. Shuster was talking grandiloquently of his self-denial in this respect, he was at the
same time pocketing a sum of 61,000 roubles, which the Imperial Bank of Persia paid
to him in his capacity of treasurer-general when he no longer filled that office. This
sum is alleged to have been paid by Mr. Wood to Mr. Shuster, in order to secure the
extension for ten years of the right enjoyed by the bank to import silver for minting
purposes. The extension of this right for one year was secured last year with the
consent of the Medjliss and the observance of all proper formalities, but now Messrs.
Shuster and Wood have dispensed with all such troublesome restriptions.
The writer The lowest of the four classes into which East India Company civil servants were divided. A Writer’s duties originally consisted mostly of copying documents and book-keeping. goes on to say that, from a legal point of view, this transaction
constitutes a punishable “ abuse and breach of trust,” while from the political point of
view, it is a direct infraction of articles 1 and 2 of the Anglo-Russian Agreement, and
subversive of the interests of the Russian bank. Sir G. Barclay himself in private
conversation has gone so far as to say : C’est un abus. The letter finally points out
that while Mr. Shuster has decamped and cannot be proceeded against, his accomplice,
Mr. Wood, is a British subject and is still in Tehran.
I ri QATP
GEORGE W. BUCHANAN.
[2358 h —4]

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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' [‎180r] (355/386), 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_100035430677.0x0000a5> [accessed 12 August 2026]

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