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Coll 28/22 ’Persia; Relations with H.M.G. Persian Debt to H.M.G.’ [145r] (289/385)
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.
[This Document is the Property of His Britannic Majesty’s Governme nt, and shonld be
returned to the Foreign Office if not required for official use.]
r
ij
/-.i
From PERSIA.
51 n s
Decode. Mr. Dodd, (Tehrar), , ,
12th August-, -1^317
•i C.
D. 6,00 p.m. 12th Aufrust, 1931.
R. 9.00 a.m. 13th August, 1931.
No.179. (R).
Your telegram No.129.
I addressed note to Persian Government as instruct
ed on August 5th.
Head of English section of Ministry of Foreign
Affairs yesterday informed me orally that Minister of
Finance had now discovered that money intended for re
payment was locked up in various English hanks and
could only he realised in cash in 6 month ? s time. He
suggested that these deposits should De transferred
forthwith to the name of His Majesty's Government and
that debt should he deemed to have been repaid as from
date of such‘transfer. In reply to the obvious
objection that His Majesty’s Government would be losing
by way of interest the difference between bank deposit
rate and 7 per cent he admitted that Persian Government
were asking a favour. The suggestion that this
request ought to be put in writing was noo well re
ceived.
Please see ray immediately following telegram.
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