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Coll 28/3(2) ‘Persia. Financial situation.’ [190v] (380/817)
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.
rehabilitation of the \ eramin sugar
factory
An East India Company trading post.
, and of any new obligations
that may later be presented to us for payment. Ceriain of these obligations
which we are now unable to finance we hope to take care of, at least
part and for a time, with the cooperation of the Allied Governments ana
the Imperial Bank of Iran. The Government of Iran does not wish to es
cape any of its justified obligations; but it is imperative that as many as
possible be postponed.
The amount that is necessary to meet the present obligations of the
Government, both ordinary and extraordinary, may be estimated as at least
t.000,000,000 rials, in excess of the expected revenues and of borrowings
from the Banque Mellie. Hence, it is absolutely necessary and extremely
urgent that the incomme-tax project, as well as other tax projects that
may be later proposed, should be enacted by the Majless. Only through
taxation can the Government tide the country over the present critical
situation and lay the basis for a balanced budget in the future.
With regard to increasing the Government's income from sources other
than taxation, the most logical and necessary measure was to increase the
price of bread. This has been done by the Ministry of hood with the per
mission of the Council of Ministers and w 7 ith my approval. The decision
was not a pleasant one to take; but if it had not been taken, it would have
been impossible to continue the grain collection program and thus assure
food to the people in the future.
Governmental personnel.
Let us turn now to the third fundamental problem, that of govern
mental personnel. 1 he situation of government employees, particularly the
insufficiency of their salaries, presents a problem of immediate and pres
sing importance. The situation is now so bad that it threatens the stability
and strength of the Government including our efforts to place the finances
on a sound basis and to stabilize prices.
Lntil prices are stabilized it would be useless and in fact harmful
to give a general increase of salaries. Such an increase would lead im
mediately to an increase of prices, as it has led on previous occasions. The
employees would be no better off than before. 1 lie general public would
be worse olf; and our effort to stabilize prices would be rendered more
difficult.
Numerous proposals have been made that assistance in kind should
be extended to the employees. This form of assistance was recommended
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.