File 4880/1913 Pt 1 'Turco-Persian Frontier Commission: proposed joint Anglo-Russian loan; Persia to meet expenses' [‎46r] (96/137)

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If this course prove impracticable the next best
alternative i in Their Lordships f opinion, would be that
authority should be given to the British Indian Delegation
on the Boundary Commission to advance cash (provided by
India in the first instance) on the spot from time to time
as required, and that the Indian Government and the Secretary
of State should arrange to recover any such advances (which
should not exceed £2 f 5G0 in the aggregate, the Russian Gov
ernment presumably assisting Persia to the same extent) at
once out of the surplus of the Persian Southern Customs. If
this method were adopted l*y Lords would be willing that the
payment of interest on these purely temporary advances should
be waived.
Failing this arrangement My Lords consider that
the best course to adopt would be for India to advance from
time to time as required within a limit of £2,503 and recover
the moiety from the Diplomatic and Consular /ote. The amount,
if any, which India would wish to recover on this account
during the current financial year would be so small as to be
capable. My Lords presume, of being met from the provision on
the Diplomatic and Consular Vote. As regards the interest
to be charged on advances made under this scheme, which Sir ...
Grey will note, "Rieir Lordships regard as less satisfactory
than the other alternatives mentioned in my letter, I am to
say that the best plan would be to consolidate the advances
with those already made to Persia and to charge the like inter
est thereon, viz: 6 per cent.