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Coll 28/3(2) ‘Persia. Financial situation.’ [190r] (379/817)
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.
at least SOO,000,000 rials. It is evident that, if present conditions continue,
we shall he unable to pay this year a considerable portion of the Go
vernment’s ordinary obligations.
I he I reasury-General reports the income and expenditure of the first
two months of 1322. as compared with the same period of 1321, as follows:
1-J21 1322 Increase
1 ncome 309,358,191-15 315,036,872-35 5,678,681 -20
Expenditures 396,699,977 442,912,256-35 46,212,279-30
I he situation regarding extraordinary expenditures to be met by
borrowing is also extremely critical. We can borrow this year from the
Banque Mellie an amount of not more than 500.000,000 Rials. We had already
borrowed at the end of Ordibehesht for the purchase of cotton and for
the Ministry of Health 57,500.000 Rials, leaving an amount of 442,500,000
Rials. 1 he purposes of borrowing and the net requirements for money to
be borrowed for revolving credits are shown below:
PURPOSES
NET REQUIRE
Ministry of Food
500,000,000
Price Stabilization
90,000.000
Opium Collection
107.000,000
Khouzistan Agricultural Society
100,000.000
Ministry of Commerce and Indu
stry 38,600.000
Veramin Sugar
Factory
An East India Company trading post.
20,000,000
TOTAL
855,600,000
RIALS.
Rials
To provide this amount in revolving funds we had a borrowing
capacity of only 442,500,000 Rials. It should be understood that the above
figure represents the amount required for revolving funds to conduct these
commercial operations. It is not the estimated deficit in these operations.
We have allocated our borrowing capacity to those obligations that
seem most urgent and essential; and we find ourselves unable to assure
the financing from our own resources of a large part of the requirements
of the Ministry of Food, of a part of the Pric e Stablization program, of
lend-lease purchases from the United States Government (which the Iranian
Government has been expected to pay for on delivery), of the Khouzistan
Agricultural Society, of the munitions factories transferred from the Minis
try of War to the Ministry of Commerce and Industry, of the project for
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.