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'Memorandum respecting Financial Assistance to Persia (continued up to February 5 1903)' [‎146r] (5/12)

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. .

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5
admitted that pecuniary help was well worth
consideration, if permanent and important
political advantages could be secured. But they
thought it incompatible to attempt to secure for
the Government of India political and territorial
advantages of the kind indicated in the Viceroy’s
conditions through the agency An office of the East India Company and, later, of the British Raj, headed by an agent. of a purely
financial institution. Such an attempt was not
likely to succeed and would form a mischievous
precedent, which would hereafter be effectively
used against His Majesty’s Government.
The Viceroy replied regretting the decision
arrived at, and suggesting that the matter should
he submitted to the Cabinet. He also suggested
that His Majesty’s Government should abso
lutely veto the pledging of Seistan to Russia,
and should warn the Shah that a Russian loan
accompanied by fresh conditions would strike at
British interests and Persian independence, and
might oblige His Majesty’s Government to
reconsider their whole policy towards Persia.
Sir A. Hardinge telegraphed on the 12th Octo
ber the following summary of the situation for
the consideration of His Majesty’s Govern
ment :—
“ Persian loan.
“Persian Government’s need of money, and inability
to procure it under late loan contract outside of Russia,
compels it to submit to any conditions dictated by
Russian Government in return for financial aid, and
thus renders it Russia’s vassal.
“ I can only see four remedies :—
“ 1. Assistance from His Majesty’s Government
through Imperial Bank of Persia.
“ 2. A subsidy sufficient to enable Persia to avoid
fresh Russian loan till 1910.
“3. An internal Persian loan, secured on southern
customs and certain provincial revenues under English,
or, if Russia were willing, Anglo-Russian guarantee.
“ 4. Some friendly arrangement with Russia about
Persia.
“ All these involve great difficulties, but alternative
is to drift, and let Persia become in fact, if not in name,
Russian dependency.
“National discontent might, no doubt, produce
trouble, obliging Russia to intervene in north and
England in south, thus forcing Russia to discuss matters
and come to a settlement with us; but we cannot
reckon on this. „
»>
“ I entreat His Majesty’s Government to take this
question into early consideration.
“It dominates entire Persian situation. Unless
[466] C

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
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'Memorandum respecting Financial Assistance to Persia (continued up to February 5 1903)' [‎146r] (5/12), British Library: India Office Records and Private Papers, IOR/L/PS/18/C108, in Qatar Digital Library <https://www.qdl.qa/archive/81055/vdc_100036165042.0x000006> [accessed 8 May 2024]

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