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File 74/1915 Pt 3 'German War: banking arrangements at Jeddah' [‎62r] (134/366)

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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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MOTE BY j ^feg attsssag^-n , DAT3D Qm JUNE, 1917 .
BANKING ARRANGEIiEI'ITS, JEDDAH .
r 11,
^ /' 7
Sir R. Graham's note to Lord Hardinge explains itself.
It will be remembered that the Foreign Office are
informing the French Government, with our concurrence, (1)
that His Majesty's Government adhere to the view that the
Hejaz situation is "not sufficiently secure to warrant the
"establishment there of a foreign bank, more especially in
"view of the suspicion with which any banking institution is
"regarded by Arab opinion"; and (2) that they regard the
Sherif's action in closing the local branch of the Imperial
Ottoman Bank, and in refusing to allow banking operations in
the Hejaz,as "perfectly justifiable".
In view of this pronouncement, the moment seems obviously
inopportune for introducing a new British Banking interest in
the person of Mr. Boulton; and it appears much the wiser course
- as the Foreign Office propose* to encourage Gellatl^y Hankey
and Company to carry on on existing lines, with a view to the
gradual extension of their activities as circumstances permit.
I feel some doubt, however, whether it is prudent to give
the firm - as proposed in the draft - a "clear understanding"
that they are to be the future British Bank at Jeddah. This
Office has always laid stress on the desirability of
establishing a purely British Bank there, to the exclusion of
French interests; and from that point of view the proposed
"understanding" is to be welcomed. But it is always possiole
that we may not succeed in keeping the French out and may
find ourselves compelled to agree to the establisnment of a
Franco-British banking institution at Jeddah, and thus lay
ourselves open to the charge of breaking faith with the firm.
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' [‎62r] (134/366), British Library: India Office Records and Private Papers, IOR/L/PS/10/530, in Qatar Digital Library <https://www.qdl.qa/archive/81055/vdc_100044915145.0x000087> [accessed 28 March 2024]

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