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Coll 28/3(2) ‘Persia. Financial situation.’ [189r] (377/817)
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
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\\ 6 have also taken steps to effect a better control over the movement
of goods within the country; and it is evident that the responsibility vested
me by the Law of 13 Ordibeshesht requires a complete and effective
control of exports. A\ e have no objection to the export of surplus com
modities—in fact we are in favor of such exports; but we do object to the
exportation of commodities, with respect to which a shortage exists in the
country. Should such commodities be exported, we should be placed in the
position of asking the Allies to provide shipping space for the replacement
of such commodities or for the importation of substitutes for them. For
example, on the ground that necessary work cattle have been exported
from the country, we are now asked to approve an application for the
importation of tractors.
I he Price Stabilization Law audits execution can not be expected
alone to lower or stabilize prices. We have therefore proposed and the
Government has approved several projects designed to reduce purchasing
power by reducing the amount ol bank notes in circulation. The Allied
Governments and the Imperial Bank of Iran are also cooperating to this
end. I hese measures have been referred to in preceding reports. Among
them, the Internal Loan Project (See Appendix B of Report for Farvardin)
is considered to be both necessary and important and we anticipate that it
will be passed by the Majless at the earliest possible moment.
As a means of lowering or stabilizing prices, the income tax project
now pending in the Majless isof major importance It will have the effect of
drawing off a substantial portion of the excess purchasing power now pressing
on the market. It will also eventually provide the Government with funds to
cover the deficit, which is now so large that it threatens the stability of
the. Government itself. 1 he income-tax project, furthermore, is a part of
the plan for financing the increase of the salaries of Government employees.
I inally. this law, when enacted by the Majless, will take away some of
their ill-gotten gains from the profiteers and speculators who have grown
rich at the expense of the masses, and will help to bring about in Iran a
more just distribution of wealth.
Although the rates of taxation prescribed in the income-tax project
are low compared with those that are imposed in otht'r countries, this
project when presented to the Majless w as greeted with a storm of criticism
and opposition. Lvery attempt w r ill doubtless be made to misrepresent
this project and mislead the people with regard to its effects. If an organized
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 copyright@bl.uk with any information you have regarding this item.