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File 74/1915 Pt 3 'German War: banking arrangements at Jeddah' [‎51r] (112/366)

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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. .

Transcription

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The financial resourcee of both our o* j n house
fmd the Alliance fcfettk of Biralu are sufficiently large
to justify /aiy necessary eytension of our business
uch ):<or)>uKe<i.
Out receht activities in India in abnoffing
various Banks were caused by the fact that India had
iio central Banking institution, nad that in the event
of heavy withdrawals of deposits fron* the vatious
Bmali I j.nkL for tht pui'poBes of the war, there might
nave ensued a very serious* Bariking crisis, which, again
nave rwu vn la circles* fte therefore
dcciclfevi it m*& necessary to take immediate action in
abcorbii^ the various ounkt, rather than delay until
after the war, which was the policy so carefully ad
vocated by Borne in ifiaia. . t venture to thin*; that
our action has been fully justified by the result
obtained.
Owing to the closing down of German Banking
arrangements in &gypt, there are now a ood mny loose
ends la bueinesr tc gather up, • .n consequently the
rroment seems propitious for q^tabliahing the Alliance
Bank of Egypt on lines which would in no wise draw
money fron this ^cuatry, l it -"hi on the other hand
would ceuse uo tube quite rt uly to deal aith business
vhui pt.uce e rnes, aid *hich would enable us to take
advantage of o^mLigr at Jeddah elnewhere in the
no • r future, when it *ua Uiought desirable to have a
Bank in those parts.
In different conversations tir* Ivoulton had the
advantage of discussing this business with 3ir HeginaK
Ungate, wno appeared to Uiorou?iuy .approve of the

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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' [‎51r] (112/366), British Library: India Office Records and Private Papers, IOR/L/PS/10/530, in Qatar Digital Library <https://www.qdl.qa/archive/81055/vdc_100044915145.0x000071> [accessed 24 April 2024]

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