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File 74/1915 Pt 3 'German War: banking arrangements at Jeddah' [‎43r] (96/366)

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The record is made up of 1 volume (175 folios). It was created in 17 Feb 1915-3 Jul 1919. 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. .

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43
COPY
f
4 JEDDAH 1st June 1917.
Messrs Gellatly, Hankey <& Co*,
< L0ND01T, E.C.3.
Dear Sirs
Hed.jaz State Bank We beg to hand you herewith duplicate
copy of our letter of the 21st ult. regarding this matter which
was sent you through Government channels in order to maintain
secrecy* You will notice that this letter also is by special
permission sent you under Service cover.
Imperial Ottoman Bank We take this opportunity to write
you rather more freely with reference to this matter. The
position at this end is that, after we had obtained the authority
of the Arab Government for the proposed transfer to us of the
Bank*s assets, and after the British Resident here had advised
us that the Authorities in Cairo would be unlikely to interfere,
we were asked to call at the Agency An office of the East India Company and, later, of the British Raj, headed by an agent. to see Capt* Lloyd, M.P. who
in the meantime had arrived in Jeddah* Our conversation with
Capt. Lloyd rather reversed our cabled advice to you that the Brit is
Authorities were not interested in this matter, but at Capt* Lloyd's
suggestion we did not communicate with you again as he had arranged
for Cairo to cable the foreign Office asking them to see. you in
London and advise you of the Government's attitude and wishes. It
was agreed between Capt. Lloyd and ourselves, at his request, that,
if in the meantime we received advice from you that you had already
completed arrangements with the I.0.Bank in London we should
communicate with him before actually informing the Bank's Manager
here that we accepted the proposed transfer of assets.
We gathered from Capt* Lloyd that the attitude of the
Government is not yet quite known, and that in view of the Hedjaz
State Bank proposal, concerning which we have written you, it may
be desired that neither we not anyone else have any semblance of
connection with the I.0.Bank in Jeddah* If it is finally approved
that we take over the Bank's assets, we believe we should be
required to do so strictly in the capacity of Liquidators, and that
we should be asked not to accept the Bank's agency An office of the East India Company and, later, of the British Raj, headed by an agent. with a view to
carrying on a continuation of their present business here. Even the
desirability of our liquidating on behalf of the Bank is however at
present uncertain, but we hope the Eoreign Office will since have
explained their wishes to you in London. We informed Captain Lloyd
that we are quite at his and the Government's disposal as regards
this matter, and that we will act strictly in accordance with what
ever wishes or instructions they express to you or to us*
Capt* Lloyd has since left Jeddah, and we have been daily
expecting a cable from you as to the arrangements made^in London
between yourselves and the Foreign Office* We are still, however,
without any news, and in the meantime the Bank's Manager here is
pressing us almost daily to immediately commence taking over the
Bank's assets. He understands from the Alexandria Office that all
arrangements between yourselves and the Bank in London have oeen
completed long ago* You will understand the difficulties of oui
position as we cannot of course meet the local Manager's wishes
and at the same time are not free to explain the position of af^cdrs
to him* We are putting him off from day to day in the expectation
of some news from you.
TCe understand that among the matters the Bank wish us to take
)ver is the collection of a debt of £.600 owing to them ’ey the ^edaan
Igent of the Grand Sheriff. Our feeling is that Business of this
nature would hardly tend to do us any good here, we even suggested
to Captain Lloyd that perhaps the Best plan would Be for us to oaBle
y r ou a recommendation to leave the Bank's Business altogether alone,
out he considered it would Be preferaoleif weald nothing paving
the whole matter to Be arranged Between yourselves and the toreign

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Content

The file contains papers - correspondence and 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. papers and internal notes - relating to banking arrangements at Jeddah. It includes papers relating to the following:

  • The Basra branch of the Imperial Ottoman Bank applying for permission to do business with the Bank’s Jeddah Agency An office of the East India Company and, later, of the British Raj, headed by an agent. .
  • The Imperial Ottoman Bank’s proposal that the branch at Jeddah should be reopened and placed under the protection of HM Government.
  • French participation in any banking arrangements made at Jeddah, and the perceived desirability of a purely British company undertaking banking business at Jeddah.
  • The suggestion that the British company Gellatly Hankey should be encouraged to extend their business to include banking.
  • The proposal of Boulton Brothers and Company to open a branch of the Alliance Bank of Egypt at Jeddah.

The correspondence mostly consists of: correspondence between 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. and the Foreign Office; correspondence between 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. and the Government of India Foreign and Political Department; and copies of Foreign Office correspondence with correspondents including Sir Reginald Wingate, Boulton Brothers and Company, and the Imperial Ottoman Bank.

The file includes four documents in French: a letter from T Aboucassem, Acting Manager of the Djeddah [Jeddah, Saudi Arabia] Agency An office of the East India Company and, later, of the British Raj, headed by an agent. of the Imperial Ottoman Bank, 18 September 1916; a letter and an extract from a note from the French Ambassador to London, 4 November 1916 and 16 May 1917; and a letter from Georges Heine and H Henry Neuflize to the Members of the Committee of the Imperial Ottoman Bank, London, 23 November 1917.

The file includes a divider which gives the subject number, the year the subject file was opened, the subject heading, and a list of correspondence references by year. This is placed at the back of the correspondence.

Extent and format
1 volume (175 folios)
Arrangement

The papers are arranged in chronological order from the rear to the front of the file.

The subject 74 (German War) consists of four volumes, IOR/L/PS/10/528-531). The volumes are divided into six parts, with parts 1, 2 and 3 comprising one volume each, and parts 4, 5 and 6 comprising the fourth volume.

Physical characteristics

Foliation: the foliation sequence (used for referencing) commences at the first folio with 1 and terminates at the last folio with 175; 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.

The foliation sequence does not include the front and back covers, nor does it include the leading and ending flyleaves.

Written in
English and French in Latin script
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File 74/1915 Pt 3 'German War: banking arrangements at Jeddah' [‎43r] (96/366), British Library: India Office Records and Private Papers, IOR/L/PS/10/530, in Qatar Digital Library <https://www.qdl.qa/archive/81055/vdc_100044915145.0x000061> [accessed 29 March 2024]

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