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File 74/1915 Pt 2 'German War: Banks at Basra +c. - the Eastern Bank' [‎169v] (347/436)

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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.

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'iftTf-n
: '
lf I I
FIFTH ANNUAL REPORT OF THE DIRECTORS
OF
THE EASTERN BANK, LIMITED.
To be presented to the Shareholders at the PIFlH ANNUAL GENERAL MEETING
to be held at the Company's Office, p Crosby Square, London, E C., on Thursday,
the 18th March, 1915.
The Directors have pleasure in presenting to the Shareholders the Fifth Report and
Balance Sheet and Profit and Loss Account for the year ending 31st December, 1914, duly
audited.
The gross profits to the 31 st December, 1914* including the balance brought forward
from the last account, as shown by the annexed statements, amount to ,£88,430 od.,
and after deducting expenses of Management, Directors’ and Auditors Fees, there remains
a balance of £4 5 123 6^. 2d. available. Out of this sum the Directors have put aside
,£15,000 to meet any possible further depreciation of investments or other contingencies,
and an amount of £ 3 >b 45 ifL'- 8^- i s required in respect of interest at the rate of 5 P er
cent, per annum on the 50,000 new shares issued in terms of the Circular dated 10th June
last. The Directors now recommend the payment of a dividend at 5 P er cen b P er
annum less Income Tax, absorbing £20,000, and carrying forward the balance of
£6,477 gs. 6d. to the next account.
Owing to the participation of Turkey in the War it has not been possible to obtain
complete Returns from our Bagdad Branch.
Monsieur J. C. Georges Bouillat and Mr. J. Leigh Wood, the Directors who
retire on this occasion in accordance with the Articles of Association, are eligible, and
offer themselves for re-election.
The Auditors, Messrs. Turquand, Youngs & Company, and Mr. de Westley Layton,
also retire, and offer themselves for re-appointment.
The Dividend will be payable on and after Monday, the 22nd March, igiS-

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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
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File 74/1915 Pt 2 'German War: Banks at Basra +c. - the Eastern Bank' [‎169v] (347/436), British Library: India Office Records and Private Papers, IOR/L/PS/10/529, in Qatar Digital Library <https://www.qdl.qa/archive/81055/vdc_100048311415.0x000094> [accessed 16 December 2019]

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