!['Memorandum respecting Financial Assistance to Persia (continued up to February 5 1903)' [‎144v] (2/12)](https://iiif.qdl.qa/iiif/images/81055/vdc_100000000833.0x0000f8/IOR_L_PS_18_C108_0003.jp2/full/!1200,1200/0/default.jpg "'Memorandum respecting Financial Assistance to Persia (continued up to February 5 1903)' [‎144v] (2/12)")
'Memorandum respecting Financial Assistance to Persia (continued up to February 5 1903)' [144v] (2/12)
The record is made up of 1 file (6 folios). It was created in Feb 1903. 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
This transcription is created automatically. It may contain errors.
2
however, that if they were given certain
assurances by His Majesty’s Government, they
hoped to be able to raise the money privately in
London. By Lord Lansdowne’s direction, a
letter was addressed to them, giving the desired
assurances, the principal one being that the
assignment of the revenues appropriated for the
service of the loan—that is, those of the southern
ports of Persia—would be recognized by His
Majesty’s Government as a binding engagement
on the part of Persia.
The negotiations for this advance have so far
led to no result, probably because it has become
apparent that, as stated by Sir Lepel Griffin in
his letter of the 20th September, the customs
revenues of the southern ports, including Mo-
hammerah, will not suffice for a second advance
of 200,000/. unless the payment of interests is
spread over a term of years, which would give the
advance the character of a regular loan and
conflict with the Bussian Loan Agreement.
Meanwhile, the financial requirements of the
Persian Government have greatly increased.
On the 16th September Sir A. Hardinge tele
graphed that the deficit on the Persian Budget
was 500,000/., and that the Shah had ordered the
Grand Vizier to borrow 1,000,000/., one half to
meet the deficit, and the other half to provide for
the expenses of His Majesty’s proposed visit to
Europe next year, and to make the road from
Tabreez to Kazvin, which otherwise the Russians
would have a right to construct. The Grand
Vizier said he would have to borrow the greater
part of this from Russia, and asked whether the
Imperial Bank could not be induced to reduce
their interest from 12 to 8 per cent., so as to
enable him to divide the loan between Russia and
the Imperial Bank.
The Viceroy of India considered that the
Tabreez-Kazvin road would not so much matter if
balanced by a British hold on the revenues of
Seistan or an increased hold on the customs and
revenues of the southern ports.
The Grand Vizier assured Sir A. Hardinge that,
in accordance with orders from the Shah, the
new Russian loan would be made without fresh
conditions, and that Russia agreed to this in
principle, and that the Grand Vizier had asked
the Imperial Bank for 300,000/. at 8 per cent., but
might, perhaps, agree to 10 per cent.
In a telegram of the 25th September, Sir A-
About this item
- Content
The file consists of a memorandum concerning financial assistance to Persia from Russia and the British Government from January 1900 to 5 February 1903, written by the Foreign Office.
It covers:
- a loan to the Persian Government from the Russian Bank at Tehran, and the financial dependence of Persia on Russia;
- an advance on the security of the customs of South Persia from the Imperial Bank of Persia (a British institution);
- an advance by the Government of India to the Imperial Bank, which the Bank would then lend to Persia.
Two broken seals are attached to the first folio.
- Extent and format
- 1 file (6 folios)
- Arrangement
This file consists of a single memorandum.
- Physical characteristics
Foliation: the foliation sequence for this description commences at f 144, and terminates at f 149, as it is part of a larger physical volume; these numbers are written in pencil, and are located in the top right corner of the recto The front of a sheet of paper or leaf, often abbreviated to 'r'. side of each folio.
Pagination: the file also contains an original printed pagination sequence.
- Written in
- English in Latin script View the complete information for this record
Use and share this item
- Share this item
'Memorandum respecting Financial Assistance to Persia (continued up to February 5 1903)' [144v] (2/12), British Library: India Office Records and Private Papers, IOR/L/PS/18/C108, in Qatar Digital Library <https://www.qdl.qa/archive/81055/vdc_100036165042.0x000003> [accessed 25 April 2024]
https://www.qdl.qa/en/archive/81055/vdc_100036165042.0x000003
Copy and paste the code below into your web page where you would like to embed the image.
<meta charset="utf-8"><a href="https://www.qdl.qa/en/archive/81055/vdc_100036165042.0x000003">'Memorandum respecting Financial Assistance to Persia (continued up to February 5 1903)' [‎144v] (2/12)</a> <a href="https://www.qdl.qa/en/archive/81055/vdc_100036165042.0x000003"> <img src="https://iiif.qdl.qa/iiif/images/81055/vdc_100000000833.0x0000f8/IOR_L_PS_18_C108_0003.jp2/full/!280,240/0/default.jpg" alt="" /> </a>
This record has a IIIF manifest available as follows. If you have a compatible viewer you can drag the icon to load it.https://www.qdl.qa/en/iiif/81055/vdc_100000000833.0x0000f8/manifestOpen in Universal viewerOpen in Mirador viewerMore options for embedding images
Copyright: How to use this content
- Reference
- IOR/L/PS/18/C108
- Title
- 'Memorandum respecting Financial Assistance to Persia (continued up to February 5 1903)'
- Pages
- 144r:149v
- Author
- East India Company, the Board of Control, the India Office, or other British Government Department
- Usage terms
- Open Government Licence