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Coll 28/22 ’Persia; Relations with H.M.G. Persian Debt to H.M.G.’ [102r] (203/385)
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. .
Transcription
This transcription is created automatically. It may contain errors.
might he possible to tell whether any of the reserves could
be soared, as the transition to the new currency would have
been accomolished, and perhaps the offer might be renewed
then.
3. I may add that Mirza Kissa Khan Paiz, Persian
Government Commissary attached to the Anglo-^'ersian Oil
^moany, at oresent in Tehran, in conversation with me a
few days ago, claimed to have nu*de the original suggestion
for reoayment of the four hundred and ninety thousand pounds;
he said that his object had been to save paying so high a
rate of interest. when I told him that the offer had been
withdrawn, he seemed astonished but supposed that the reason
was fear of depleting the reserves, (as Taqizadeh afterwards
explained).
4. It is not without interest to note in this
connexion that the ^nglo-Persian Oil Company’s monthly sales
of sterling in Persia, the whole of which accrues to the
‘ersian Government, have recently been reduced from ninety
thousand to forty-five thousand pounds. duch a shrinkage
in the supply of foreign currency may well have influenced
the Persian Government to husband existing funds.
5. ince my interview with Taqizadeh on eptember
1st, I have received Your Lordship’s despatch No. 465 of
August 20th (E 4256/2982/34), enclosing records of two
, p z rztf/u
interviews with the Persian Chargd d’Affaires on August 13th
and August 17th. This despatch provides an explanation of
His Excellency’s statement that the Persian Chargg d’- ffaires
riad been informed that the Proposed method of payment by
the
About this item
- 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 View the complete information for this record
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Copyright: How to use this content
- Reference
- IOR/L/PS/12/3419
- Title
- Coll 28/22 ’Persia; Relations with H.M.G. Persian Debt to H.M.G.’
- Pages
- front, front-i, 2r:40v, 44r:44v, 48r:60v, 62r:82v, 85r:103v, 105r:107v, 109r:110v, 113r:192v, back
- Author
- East India Company, the Board of Control, the India Office, or other British Government Department
- Usage terms
- Open Government Licence