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Coll 54/1(S) 'Middle East (Official) Committee: Reconstruction' [70r] (143/940)
The record is made up of 1 file (468 folios). It was created in 20 Mar 1949-13 Dec 1949. It was written in English. 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.
ANNEX IV
Balance of Trade
m Owing to the Customs Union with Syria and the maintenance
(
of joint statistics it is extremely difficult to consider the
trade of the Lebanon separately from that of Syria*
An adverse balance of trade v/as a feature of the economy
of the Customs Union even before the war but the deficit was
made good by invisible exports (expenditure by the French
military authorities^ emigrants remittances, tourist trade,
commercial and other services).
During the war expenditure by the allied armies combined
with obstacles to trade resulted in the accumulation of very
considerable balances of foreign exchange.
Since the war the adverse balances of trade became more
serious and increased from about £L 90M in 1945, to £L 186M
in 1946# The volume of exports particularly to Palestine
and France fell and imports reached the pre-war level* In
view of the depletion of stocks as a result of the war, the
latter is not surprising or even excessive* The value of
.Imports was nearly four times that of pre*-war years but this
is due not only to increased prices but also to the high
proportion of luxury goods and gold coin and bullion* It is
estimated that as much as 60% of the gold so imported is re
exported clandestinely. The reserve accumulated during the war
was thus considerably reduced though a balance probably still
remains and the gold holdings in the country which have probably
been increased represent a reserve of purchasing power.
It was feared that if the capital reserves were not to be
exhausted and the country left without the means to purchase
essential requirements imports might have to be restricted.
Valuable assets had indeed been frittered away on unessentials.
Expenditure by the military authorities which in pre-war
years had served to bridge the gap ceased when the countries
/achieved
About this item
- Content
The file contains papers relating to the Middle East (Official) Committee. It consists of: papers circulated to members of the Committee, received by the External Department of the Commonwealth Relations Office (CRO); a few items of CRO correspondence with the Foreign Office, the Cabinet Office, and Commonwealth governments; and a register of papers received or sent by the CRO relating to the Committee, with internal CRO correspondence (at the back of the file).
The file includes agendas for meetings of the Committee, and minutes of the meetings on 28 April, 5 May, 5 July and 19 July 1949. Matters discussed and recorded in the minutes include: the reconstitution of the Committee; the re-settlement of Arab refugees from Palestine; the report on Economic and Social Development in the Middle East by the Working Party of the Committee; the future work of the Committee; the Conference of HM Representatives in the Middle East to be held in London from 26 to 29 July 1949; United States President Truman’s ‘Fourth Point’ (Truman’s message of 24 June 1949 to the United States House of Representatives, communicating a ‘Recommendation for the Enactment of Legislation to Authorise an Expanded Programme of Technical Assistance for Underdeveloped Areas of the World’); and further studies of the Working Party.
The file also includes the following papers prepared by (or approved by) the Working Party of the Committee: draft, revised and interim versions of the report on Economic and Social Development in the Middle East; papers relating to the economic and social development of Iraq, Syria, Greater Transjordan Used in three contexts: the geographical region to the east of the River Jordan (literally ‘across the River Jordan’); a British protectorate (1921-46); an independent political entity (1946-49) now known as Jordan , Egypt, the Lebannon, Saudi Arabia, Cyrenaica, Tripolitania, Eritrea and Somalia, and the Colony of Aden and the Aden Protectorate; and a paper on Middle East oil.
In addition, the file includes other papers relating to matters discussed at the meetings, and the following subjects: Transjordan Used in three contexts: the geographical region to the east of the River Jordan (literally ‘across the River Jordan’); a British protectorate (1921-46); an independent political entity (1946-49) now known as Jordan ; irrigation development in Iraq; Persia’s [Iran’s] Seven Year Plan for development; informal conversations on social and economic affairs in the Middle East between representatives of the Foreign Office, the Treasury, the British Embassy in Washington, and the United States State Department; the work of the Development Division of British Middle East Office; a survey of the oil resources of the Middle East; and economic development in Cyprus in relation to the Middle East.
- Extent and format
- 1 file (468 folios)
- Arrangement
The papers are arranged in approximate reverse chronological order from the front to the rear of the file.
Numbers in red pen on the top right hand corner of items in the file refer to entries in the register of papers received and sent by the Commonwealth Relations Office at the back of the file.
- Physical characteristics
Foliation: the foliation sequence (used for referencing) commences at the front cover with 1, and terminates at the last folio with 468; 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 in Latin script View the complete information for this record
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Coll 54/1(S) 'Middle East (Official) Committee: Reconstruction' [70r] (143/940), British Library: India Office Records and Private Papers, IOR/L/PS/12/4756, in Qatar Digital Library <https://www.qdl.qa/archive/81055/vdc_100043455634.0x000090> [accessed 24 April 2024]
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Copyright: How to use this content
- Reference
- IOR/L/PS/12/4756
- Title
- Coll 54/1(S) 'Middle East (Official) Committee: Reconstruction'
- Pages
- front, back, spine, edge, head, tail, front-i, 2r:42r, 43r:116v, 120r:259v, 261r:294v, 296r:436v, 442r:468v
- Author
- East India Company, the Board of Control, the India Office, or other British Government Department
- Usage terms
- Open Government Licence