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Coll 28/22 ’Persia; Relations with H.M.G. Persian Debt to H.M.G.’ [‎151r] (301/385)

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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. .

Transcription

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rr.-;:ri
[This Document is the Property of His Britannic Majesty’s Governiient, and should be
1 '• L r~»- >> * *,
isr
returned to the Foreign Office if nbt itequ
ial use.]
L-. ^ ^ zj'-i-'
1+01*0
(E^9W2982/34)
To PERSIA*
Code telegram to Mr. Lascelles (Tehran)
Foreign Office, 4th August 1931, 7.CO p.ni.
No. 129. (R).
Sir R. Clive’s despatch No. 293 (of June 12th:
Persian pre-war debt).
Counsellor of Persian Legation stated on July
20th that his government no Lobger desire a funding
agreement, hut wish to repay the entire £490,000 pre
war debt as soon as possible. He was to ascertain
how payment should he effected.
The danger therefore of prejudicing the remainder
of the debt, which was felt hy Sir R. Clive to he
inherent an the former Persian proposals, seems no
longer to exist*
You should, if you see no objection, address
to the Persian government a note in the following terms.
Begins:-
%
His Majesty’s Secretary of State for Foreign Affairs
has been notified hy the Persian legation in London of
the wish of the Persian government to repay forthwith the
sum of £490,000, being part of the Persian government’s
debt to His Majesty’s Government and the Government of
India.
His Majesty’s Government welcome this decision
on the parr of the Persian government, and Mr. Henderson
will be glad if the necessary cheque for the capital sum
with interest to the date of payment may be dram in
favour of the Finance Officer of the Foreign Office.
Ends,
I am Informing the Persian Minister in the above
„ Interest has already been paid to the 8th July.
Repeated to India No.50.
sense

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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.’ [‎151r] (301/385), British Library: India Office Records and Private Papers, IOR/L/PS/12/3419, in Qatar Digital Library <https://www.qdl.qa/archive/81055/vdc_100041980875.0x000068> [accessed 28 March 2024]

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