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Coll 28/3(2) ‘Persia. Financial situation.’ [‎5v] (10/817)

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The record is made up of 1 file (407 folios). It was created in 7 Sep 1938-1 Jan 1946. It was written in English and French. 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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2 -
The other proposal was to repeal the Law of 13 Ordibehesht i322, the lawj^
under which we conduct our operations in connection with grain-collection and
food-supply, foreign trade control, procurement and distribution of monopoly
goods, road transportation, and rent control. This law teiminates automatically six
months after the end of the war in Europe. If it were to be repealed now, the
economic activities ot the Government would have to be conducted under old
laws that are inadequate for present needs and unfitted to the future requirements
of Iran. The result would be administrative disorganization and undesirable eco
nomic repercussions. Evidently, it is necessary to review all existing economic
legislation and prepare new projects of law to meet the post-war situation. We
have submitted a proposal to the Prime Minister for the setting up of a commission
to do this essential task.
Cereal collection has proceeded satisfactorily during the month. Stocks, con
tinue to increase and are at the highest point ever reached. Prices have reacted to
the favorable grain situation, and over much of the country free market prices are
as low as, or lower than the fixed Government prices. The recent freeing of grain
transport has lowered the bread prices in Tehran and elsewhere and eased demands
for Government isuesof grain and flour. The latter effect tends to improve the stock
position. Bread prices on the free market in Tehran have fallen from 2 j rials per
3 kilos to lb rials per 3 kilos. The market has recently reacted to the stoppage of
transport from the North and has reached 18 rials per 3 kilos.
According to figures received to date (mostly as of 15 Mehr), the total quantity
of engagements received amounts to 214,425 tons, and the total grain collected
amounts to 113,257 tons. This may be compared with the figure of 265,336 tons
for total engagements as of 1 Aban 1322 and 109,772 tons representing total grain
collections as of that date last year.
On 1 Aban 1323, the stock of the Tehran Silo was as follows:
Cereals and Bread
Wheat
Barley
16,161
6,727
Ordinary flour
Barley flour
000 flour
3,015
496
2,428
274
1,932
12
Corn
Millet
Millet flour
Total
31, 045 tons.

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Content

Papers reporting on the financial situation in Iran, sent by staff at the British Legation at Tehran (Horace James Seymour; Reader William Bullard) to the Foreign Office, London. The file is a direct chronological continuation of Coll 28/3 ‘Persia. Financial situation’ (IOR/L/PS/12/3394).

The file includes:

  • Covering letters enclosing copies of the monthly Bulletin , produced by the Bank Melli Iran (also referred to as the Mellié Iran Bank, and Banque Mellié Iran). The copies of Bulletin are not included in the file (although some front covers do survive), however the covering letters give short summaries of their lead articles.
  • Details and estimates for Iran’s annual budgets, with numerous statistical tables.
  • Correspondence dated December 1939 to February 1940 relating to irrevocable documentary confirmed credits (irrevocable letters of credit) opened by Bank Melli Iran through banks in India (ff 356-361).
  • Copies of laws passed by the Iranian Parliament, including a law relating to war credits and treasury bills (in French, f 334), a Law for the Prevention of Hoarding (ff 325-329) and an Income Tax Law (ff 262-271).
  • Correspondence and budget reports dated 1943-1944, produced during the takeover of the administration of Iran’s Finance Ministry by a mission from the United States, led by Arthur Chester Millspaugh.

At the front of the file (ff 4-200) are fourteen monthly reports of the Administrator General of the Finances of Iran (Millspaugh), produced according to the Solar Hijri calender, and dating from Ordibehesht 1322 (equivalent to the Gregorian calendar date of 22 April to 22 May 1943) to Mehr 1323 (23 September to 22 October 1944). The reports, which also contain lists of staff of the Iranian Ministry of Finance and its connected organisations, summarise Iranian finances. Many of the reports contain a map of Iran (for example, folio 185), showing borders, roads and railways, major towns and cities, and districts, which are numbered 1 to 10.

Extent and format
1 file (407 folios)
Arrangement

The papers are arranged in approximate chronological order from the rear to the front of the file. The file’s correspondence begins at folio 202 and ends at folio 407. Printed reports occupy the front portion of the file (with an enclosing note, ff 4-201), and are also arranged in reverse chronological order.

Physical characteristics

Foliation: the foliation sequence for this description commences at the inside front cover with 1, and terminates at the last folio with 408; these numbers are written in pencil, are circled, 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. A previous foliation sequence, which is also circled, has been superseded and therefore crossed out.

Written in
English and French in Latin script
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Coll 28/3(2) ‘Persia. Financial situation.’ [‎5v] (10/817), British Library: India Office Records and Private Papers, IOR/L/PS/12/3396, in Qatar Digital Library <https://www.qdl.qa/archive/81055/vdc_100037593728.0x00000b> [accessed 28 March 2024]

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