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Coll 28/3(2) ‘Persia. Financial situation.’ [177v] (354/817)
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.
Another fact, which I know Your Excellency fully appreciates, con
cerns the urgency of action. A\ hen a Government has a deficit in its finan-
cial operations, steps must be promptly taken to increase the revenues and
eliminate waste in expenditures. Otherwise, the deficit grows larger and
becomes more difficult to handle. \Y hen a Government is attempting to sta
bilize prices, it can not afford to lose any time; because, as prices become
higher, they become harder to control and, in turn, they make it more
difficult to bring the budget under control and to cover the deficit.
imru raci wmen seems worth me
c ^ i.ppuiviniy smi...
actions may be indispensable before ihe larger steps can be taken, Fo
example, I have been criticized for slowness with respect both to the sta
bilization of prices and the preparation of Ihe budget. It should be under
stood, however, that an American Administrator General of the Finance:
must work through an adequate number of American assistants. Of course
lie will depend in the main on Iranian officials and employees; but, il
the Iranian Government and people desire an American-directed financial
administration, Americans must be given the authority and responsibility
in various key positions throughout the organization. My American col
leagues have been doing their best; but we have all been overburdened with
work and necessarily have not been able to give personal attention to all
important and urgent matters. Fortunately, the Majless has now approved
ie engagement of six additional Americans for my staff. When they
arrive, more rapid progress will be made. I have authority to select more
mencan assistants and these also are urgently needed in order that
he American financial Mission may assume its full responsibility in the
solution of the larger problems and meet the expectations of the Iranian
people. May I express the hope, therefore, that when the names of these
additional assistants are presented to the Majless, prompt action may be
On the basis of the budgetary requests that have thus far been pr
sented and approved bv me we estim„*» il j- 1
Government i„ ' . nate the ord,nar y expenditures of tl
vj vernnient in 1322 at about 3 ^97 71^ r; i r n
. • , , , i8,o3 1 Kin Is. 1 hese expenditures r
;:cto , ":; ude w r::,:!,; 1 : r ern r’* ~ ciai — L -««
innate the ordinary revenues nf ihrv n
1,89079509ft Ri^lc ri • r , ,ues 01 t,lc Government
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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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.