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Coll 28/22 ’Persia; Relations with H.M.G. Persian Debt to H.M.G.’ [183r] (365/385)
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
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v t'
I'DIA L»m£CI
No, 293.
(K 3532/2982/54)
itish Legation,
Tehran,
June 12th, 1931
Sir
£490,000.
£ 2 , 000,000
£1,510,000.
With reference to your telegram No. 92 of June 10th
and my reply No. 129 of to-day on the subject of the
proposal of the Persian Minister of Finance to arrange for
the redemption of the Persian Government’s pre-war indebtedness
amounting to four hundred and ninety thousand pounds sterling,
I have the honour to report as followsi-
2. On the occasion of an interview with the Ministry
for Foreign Affairs some two or three weeks ago His Highness
suddenly said that the Minister of Finance had spoken to him
about the pre-war debt of £490,000 on which interest was being
paid, but for the redemption of which no provision had hitherto
been made.
3. I replied that now that our Treaty negotiations
were in abeyance, it seemed to me quite out of the question
to t?ike a portion - about one quarter - of the Persian debt
and negotiate its redemption. The indebtecness of the
Persian Government had after long negotiations been fixed
in the Spring of 1926 at the round sum of two million pounds,
a reduction of considerably over fifty per cent. The Persian
Government had officially admitted this. If His Majesty’s
Government were now to agree to the suggestion of the
Minister of Finance, I said, His Highness must admit that
the impression would be created that they had practically
renounced the remaining one million five hundred and ten
thousand pounds sterling of debt. 'This was most certainly
not the case and until our Treaty negotiations were resumed
and
The Right Honourable
Arthur Henderson, H.P.,
The Foreign Office.
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