File 74/1915 Pt 2 'German War: Banks at Basra +c. - the Eastern Bank' [147v] (303/436)
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.
This transcription is created automatically. It may contain errors.
period during which the balances standing to the credit of the
Government shall amount in the aggregate to the sum of Rs.100,000
such current accounts being (except where the context otherwise
requires) hereinafter collectively referred to as “the current account.”
The Bank to credit 2. The Bank shall receive and place to the credit of the current
with monies paid in account of the Government all monies which shall be paid into the
cheques drawn by Bank by or for the account of the Government and such monies if paid
persons thonsed into the Bank shall be credited to the Government and subject to the
provisions of this Agreement the Bank shall pay all cheques drawn on
the current account of the Government by any persons or person duly
authorised in writing by the Governor or the Crown Agents to draw
against such account.
The Government to
pay interest on the
deficiency of the
below Es. 150,000.
3. During every period during which the balance standing to
the credit of the Government on the current account shall for the time
being not amount to the sum of Rs. 150,000 the Government shall
pay interest to the Bank on the difference between the amount of such
balance and the said sum of Rs.150,000 at such rate as shall vary with
and shall never exceed the lowest rate at which the Bank shall for
the time being be making day to day advances to its most favoured
The Bank to allow
overdrafts to an
amount not exceed
ing Rs. 100,000.
4. The Bank shall from time to time and at any time
during the continuance of this Agreement advance to the Govern
ment such sums by w^ay of overdraft on the current account of
the Government as the Government may from time to time demand.
Provided that the aggregate of such advances for the time being
remaining unpaid shall not at any one time exceed the sum of
Rs. 100,000 but within such limit as aforesaid the Bank shall not
during the continuance of this Agreement be entitled to require any
such advances to be repaid the Government nevertheless being at
liberty to repay all or any part of the same as and when it may think
fit. And the Government shall pay interest on the amount of such
advances for the time being at such rate as shall vary with and shall
never exceed the lowest rate at which the Bank shall for the time
being be making day to day advances in the Colony to its most
About this item
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)
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' [147v] (303/436), British Library: India Office Records and Private Papers, IOR/L/PS/10/529, in Qatar Digital Library <https://www.qdl.qa/archive/81055/vdc_100048311415.0x000068> [accessed 10 December 2019]
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