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Coll 28/22 ’Persia; Relations with H.M.G. Persian Debt to H.M.G.’ [‎59r] (117/385)

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The record is made up of 1 file (191 folios). It was created in 12 Jun 1931-1 Mar 1940. 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. .

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2
interest teen paid on the £2,000,000, save In respect of
the Pre-War Debt of £490,000.
binding, we are clearly directly Interested in the
Southern Customs Revenue as a security for the two items
mentioned in paragraph 2 above. In the alternative, our
position is perhaps a little weaker, since the Persians
might reply that while they had not yet been able to
secure acceptance of the composition settlement they
proposed, in the event of the lajliss approving that
settlement, that Interest should be paid from the A.P.O.C.
royalties. In any case, we shall, I think, do best to
enter a caveat in quite general terms, which, subject to
Foreign Office concurrence (they are informing the
Treasury that they are interested in this question and
wish to be consulted) might to the general effect that
H.L.G. confirm that in so far as the amount of £490,000
representing the advances made by H.M.G. and the
Government of India to the Persian Government during the
years 1912/14 is concerned no charge or other lien on
the Persian Southern Customs receipts in respect of either
principal or interest any longer exists, but that it will
be understood that this In no way affects the position of
those receipts in so far as other advances to the Persian
Government secured upon them are concerned.
3
If the 1925 settlement is to be regarded as not
1933
7358
, 1955
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Content

Correspondence concerning the Persian Government’s desire, signalled in June 1931, to pay off in full a pre-war interest-bearing debt owed to Britain, totalling £490,000. Correspondence is chiefly exchanged between the Foreign Office (Charles William Baxter, George William Rendel), the 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. (John Gilbert Laithwaite), the Treasury (Thomas Kenneth Bewley), and the British Legation at Tehran (Charles Dodd), and covers:

  • The wording of a formal response to be given to the Persian Government, that does not comprise or jeopardise the outstanding (post-war) debt of £1,510,000 remaining to be paid.
  • The nature of the servicing of the debt and its interest.
  • In late August 1931, the Persian Ministry of Finance’s decision to abandon service of the debt, and continue payment of interest on the debt at seven per cent.
  • In 1932, the Persian Ministry of Finance’s reversal of their earlier decision to abandon servicing of the debt.
  • In June 1933, confirmation via the Imperial Bank of Persia of the full servicing of the pre-war debt.
  • 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. correspondence dated October 1933, enclosing a provisional draft of instructions for a General Treaty between Britain and Persia, making mention of the outstanding debt owed by Persia to Britain (ff 16-34).

The file contains two letters in French (f 42, f 47), sent by the Treasury General of the Persian Ministry of Finance.

Extent and format
1 file (191 folios)
Arrangement

The papers are arranged in approximate chronological order from the rear to the front of the file.

Physical characteristics

Foliation: the foliation sequence (used for referencing) commences at the inside front cover with 1, and terminates at the last folio with 192; 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
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Coll 28/22 ’Persia; Relations with H.M.G. Persian Debt to H.M.G.’ [‎59r] (117/385), British Library: India Office Records and Private Papers, IOR/L/PS/12/3419, in Qatar Digital Library <https://www.qdl.qa/archive/81055/vdc_100041980874.0x000078> [accessed 28 March 2024]

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