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Coll 28/3(2) ‘Persia. Financial situation.’ [61v] (122/817)
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. .
Transcription
This transcription is created automatically. It may contain errors.
hands of private Iranian merchants. The merchants understand} I am sure,
the difficulties that beset us in executing on the one hand a policy of ration
ing} fixed prices, and controlled distribution, and on the other a policy of
encouraging private enterprise. We hope for the cooperation of the merchants
in resolving these difficulties.
i
The policies that have been formulated by the Government or proposed
by us to the Government go beyond the Law of 13 Ordibehesht 132 2 and
also look far ahead of the present emergency.
We face the prospect in the near future of falling prices. Furthermore,
at the end of the war, the Government will be confronted with difficulties
arising from labor dislocations, unemployment, property transfers, and the
settlement of claims. In addition, the Government will have to take action
with respect to currency stabilization, foreign exchange, and the protection and
promotion of its foreign trade. Finally, the question of the Government budget will
take on a new phase, calling for careful and prompt attention.
With respect to these transitional and post-war problems, proposals have
been made to the Government and action is being taken.
A new project has been prepared by the Director-General of Ceded
Properties, Public Domains and Exploitation for the sale of the public domains
It is expected that this project, if approved by the Majless, will contribute
both to agricultural development and to the betterment of the condition of
the tribes.
Economic Organization
For various reasons, the organization established under the Law of 13
Ordibehesht 1322 has been changed from time to time. We have now abol
ished the Price-Stabilization Section. With minor exceptions, responsibility for
all activities in connection with cereals, bread, and certain farm products are
now centered in the Cereals and Bread Section! responsibility for all activities
in connection with tea, sugar and piece-goods is located in the Distribution
Section; and responsibility for all transport activities and for supplies of auto
motive vehicles, parts, accessories and tires is assigned to the Road Transport
Administration. Similarly, the State General Supply Corporation is responsible
for Government supplies and the Pharmaceutical Institute for drugs
About this item
- 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 View the complete information for this record
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Coll 28/3(2) ‘Persia. Financial situation.’ [61v] (122/817), British Library: India Office Records and Private Papers, IOR/L/PS/12/3396, in Qatar Digital Library <https://www.qdl.qa/archive/81055/vdc_100037593728.0x00007b> [accessed 7 June 2026]
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Copyright: How to use this content
- Reference
- IOR/L/PS/12/3396
- Title
- Coll 28/3(2) ‘Persia. Financial situation.’
- Pages
- 56r:67v, 38r:55v, 26r:37v, 16r:25v, 4r:15v
- Author
- Millspaugh, Arthur Chester
- Usage terms
- The copyright status is unknown. Please contact [email protected] with any information you have regarding this item.