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'Memorandum respecting Financial Assistance to Persia (continued up to February 5 1903)' [145r] (3/12)
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.
3
Hardinge expressed the opinion that if, as a
consequence of a fresh Russian loan, Persia had
to pay off all her debt to the Imperial Bank, not
only would the future of the Bank he seriously
jeopardized, but that Russia, which would become
the sole creditor of Persia, could not fail to
acquire a complete and dangerous ascendency
over that country.
On the 20th September Sir Lepel Griffin, of
the Imperial Bank, in a long letter reviewing the
situation, suggested that the Government of
India might advance 500,000/. to the Imperial
Bank, which the Bank would lend to Persia on
the security of the southern customs.
Lord G. Hamilton consulted the Viceroy, who
on the 2nd October telegraphed that the Govern
ment of India would provide 500,000/., or a far
larger sum, on three conditions :—
1. Loan to be secured on customs of Gulf ports
and on revenue or customs of Seistan, the inclu
sion of Seistan being essential.
2. Contemplated change in Persian Tariff to
be submitted to, and to receive assent of. Govern
ment of India.
3. Persian Government to be informed that
His Majesty’s Government cannot admit of
creation of any rival interests in South Persia
and Seistan, and to undertake not to grant con
cessions of any kind to any foreign Power in
area referred to without consent of His Majesty’s
Government.
Sir A. Hardinge, telegraphing his observations
on these conditions, expressed the opinion that
Persia would certainly object to Condition 3, as
aiming at a Protectorate over Southern Persia.
He represented that if the Government of India
would lend the Bank of Persia 500,000/., or even
300,000/., this might block the Russian loan and
enable Persia to negotiate the Tariff more inde
pendently.
Lord Lansdowne, in reply, telegraphed his
views on the Viceroy’s conditions, which he con
sidered too onerous. So far as His Majesty’s
Government were concerned, Condition 1 might
be accepted. As to 2, the Persian Government
might be required to negotiate with His Majesty’s
Government as well as with Russia. As to 3,
His Majesty’s Government might remind Persia
of their previous intimations Avith regard to the
Gulf ports, Southern Persia, and Seistan, and
insist on being given in those parts like advan
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
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'Memorandum respecting Financial Assistance to Persia (continued up to February 5 1903)' [145r] (3/12), British Library: India Office Records and Private Papers, IOR/L/PS/18/C108, in Qatar Digital Library <https://www.qdl.qa/archive/81055/vdc_100036165042.0x000004> [accessed 18 April 2024]
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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