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File 74/1915 Pt 2 'German War: Banks at Basra +c. - the Eastern Bank' [108r] (224/436)
The record is made up of 1 volume (212 folios). It was created in 6 Mar 1915-23 Jan 1918. 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.
no te by sir l. ABB AH a; T3 -
Government business to be done at Basra and probable
Government balances*
* * *
BiJSIrjibSS. Hie bank to receive^and account for, Government
dues locally collected and money sent from India; and to
pay all withdrawals by the military and civil authorities.
The local receipts on Government account may be expected
to be about £28,000 a month; and the payments about £62,000
a month; the difference being made up by remittances from
India. The balance at the credit of the Government is not
likely to be at any time less than £35,000 and may rise at
times to about £65,000. The Military authorities may be
expected to require about fifty disbursements a day. In
addition to the amounts and transactions mentioned above,
regimental funds and institutions will deposit money with
the bank; but the amount cannot be estimated now.
Security ^and.Ileiauiieration . The bank have agreed to lodge
security (letter of the 7th June). High class miscellaneous
securities for, say, £20,000 would seem to be enough. As
regards remuneration: No payment would seem to be called
for in respect of the ordinary business of payments and
receipts, since the use of the balances that the Government
expects to retain would appear to provide sufficient remun
eration; but, in the event of the Government requiring
the bank to make remittances for it between Basra and India
(or England), the payment might be:-
Hien coin or specie has to be moved . The out of
pocket expenses and i per cent.
In other cases (i.e. where movement of coin or
specie is not required) . One-eighth per cent.
It does not seem probable that the Government
will
About this item
- Content
The file consists of correspondence and other papers mostly related to the Eastern Bank being invited by the Secretary of State for India to open a branch at Basra and to conduct the banking business of the Government of India at Basra. It also includes papers relating to: the Eastern Bank offering the services of their Baghdad branch to the Government of India, and the status of the Baghdad branch; the proposal of the Eastern Bank to open new branches at Ahwaz, Dizful [Disful] and Bahrein [Bahrain]; the Bank’s suggestion that all its employees in India should be exempted from military service (in the First World War); and applications for passports by the Bank for Bank employees.
The file mainly consists of internal 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. notes, Minute Papers, and Reference Papers, and 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 following: the Manager of the Eastern Bank, Limited, London; the Viceroy of India, Foreign Department; and the Foreign Office. It also includes 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 with the Treasury, the Colonial Office, the Imperial Bank of Persia, the War Office, and other correspondents.
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 (212 folios)
- Arrangement
The papers are arranged in approximate 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 212; 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 in Latin script View the complete information for this record
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File 74/1915 Pt 2 'German War: Banks at Basra +c. - the Eastern Bank' [108r] (224/436), British Library: India Office Records and Private Papers, IOR/L/PS/10/529, in Qatar Digital Library <https://www.qdl.qa/archive/81055/vdc_100048311415.0x000019> [accessed 24 April 2024]
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Copyright: How to use this content
- Reference
- IOR/L/PS/10/529
- Title
- File 74/1915 Pt 2 'German War: Banks at Basra +c. - the Eastern Bank'
- Pages
- front, back, spine, edge, head, tail, front-i, i-r:i-v, 1r:2v, 5r:9v, 13r:15v, 18r:20v, 23r:25v, 27r:27v, 29r:34v, 36r:40v, 45r:48v, 50r:57v, 59r:64v, 67r:71v, 75r:76v, 78r:82v, 84r:86v, 88r:91v, 93r:98v, 101r:104v, 107r:111v, 113r:114v, 116r:120v, 122r:122v, 124r:130v, 132r:132v, 134r:143v, 163r:164v, 166r:168v, 181r:188v, 190r:191v, 197r:209v, 212r:212v, ii-r:ii-v, back-i
- Author
- East India Company, the Board of Control, the India Office, or other British Government Department
- Usage terms
- Open Government Licence