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Coll 28/3(2) ‘Persia. Financial situation.’ [75r] (149/817)
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.
the process, actual distribution, under (he direction of Mr Ferguson is
proceed,ng at a rapidly accelerating rate. Congestion in the Customs has
now been eliminated. Sugar, tea and cotton piece-goods are being moved in
substantial quantities to distribution centers throughout the country. Ration-
i' 1 " an(1 lhe (,lstribu tion of coupons in the cities and towns have measur-
ably improved. The Central Store in Tehran has been opened and has for
some tune been doing a gratify,ngly large volume of business. During the
period of lag, merchants’ business was necessarily curtailed and their pro
fits reduced; but, in the next few months, merchants will be given (heir
equitable share of trade, provided they are willing to forego exorbitant gains.
Rent control has been in operation for several months. Speculation
in real-estate appears to have practically stopped. Measures have been taken
to Stabilize wages and the prices of agricultural raw-materials. We have
cooperated effectively to increase industrial production. Quotas have been
established for the factories, (foods congested there are being moved. It
should be remembered, however, that the collection of raw materials - a most
me icient, wasteful and in some respects scandalous, procedure - as well as
the operation of the factories, has been almost entirely under the control of
other Ministries.
In general, the rise of prices has been slowed up, although during
recent months certain events and rumours caused another flurry of specu-
iation and a rise of prices- in the black-market.
It is obviously impossible in my reports to state in detail the actions
ta en by us. Because of this fact and because of the legitimate and intense
interest shown in this subject by the Government and the deputies of the
Majless. I have taken every possible step to keep the Government and
Majless fully and currently informed of our actions, our program for the
future, and the progress of our work.
Transportation
I ransportation is vital to the success of the supply and stabilization
program.
Before our arrival, a Boad I ransport Department had been hurriedly
established under the supervision of an international board and under the
immediate direction of Mr. Birkle. With (he cooperation of the United
Slates Lend-Lease Administration, trucks and tires were procured. Iranian
trucks were placed under contract.
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.’ [75r] (149/817), British Library: India Office Records and Private Papers, IOR/L/PS/12/3396, in Qatar Digital Library <https://www.qdl.qa/archive/81055/vdc_100037593728.0x000096> [accessed 26 August 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
- 187r:200v, 176r:186v, 162r:175v, 149r:161v, 138r:148v, 126r:137v, 109r:125v, 84r:108v, 68r:83v
- Author
- Bank Melli Iran
- Usage terms
- The copyright status is unknown. Please contact [email protected] with any information you have regarding this item.