File 74/1915 Pt 2 'German War: Banks at Basra +c. - the Eastern Bank' [161r] (330/436)
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.
of December in each year and when so debited or credited shall be
taken into account in calculating the balance of the Government for
the time being on the current account.
7. The Bank shall transact all business connected with the Rules for
current account in accordance with such rules as may be mutually current
agreed upon between the Government and the Bank.
8. The Bank shall receive from the Government on deposit
account all such sums as the Government may from time to time pay on
to it for that purpose and shall hold all such sums subject to with- acco i u t J 1 t t er a e ^
drawal on such notice (being either seven days or longer) as may be thereon,
specified by the Government at the time of the payment being made.
The Bank shall allow to the Government on all sums so placed on
deposit account interest at such rate as shall in each case be agreed
upon between the Government and the Bank.
Q All sums to he allowed by the Bank to the Government by interest on
J . . deposit
way of interest on deposit account under the provisions of the last account to be
preceding Clause shall be credited to the said deposit account of the jearij.
Government half-yearly on the 30th day of June and the 31st day of
December in each year and shall be taken into account in calculating
the balance of the Government on deposit account foi the time being
and shall carry interest accordingly.
10. Whenever the Government desires to avail itself of the services
of the Bank for the remittance of funds to or from the Protectorate or to of funds,
any place in the Protectorate from any other place in the Protectorate
the Bank shall undertake and transact the business of such remittance
and transfer and shall be remunerated for transacting the same at a
rate of payment more favourable for the Government by one-eighth
per cent, of the amount of the moneys so remitted or transferred than
the terms on which the Bank shall for the time being be transacting
similar business for its most favoured customer. Transfers and
remittances shall be made at the option of the Government either by
the issue of Bank drafts for the amount or by telegram or letter
directing the amount to be placed to the credit of the Government or
its nominees at the place to or at which the remittance or transfer is
to be made.
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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