File 74/1915 Pt 6 'Mesopotamia: Banking Arrangements - The Eastern Bank's Branches at Mosul (+ Kermanshah). Embargo on Eastern Bank's Drafts at Aleppo' [‎79r] (157/158)

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ALL LETTERS TO BE ADDRESSED TO
THE EASTERN BANK LIMITED
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LONDON WALL 234 8
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30th. December 1918,
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The Under Secretary of State for India,
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. ,
WHITEHALL, S.W.l.
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Since the opening of a Branch of the Imperial Bank of
Persia in Bagdad we find that our Branch in that City is at a
great disadvantage owing to the fact that we have no Agencies of
our own in Persia while our competitor is able to operate freely
both in that country and Mesopotamia,
In order to rectify this our Directors have authorised
the opening of a Branch of this Bank in Kermanshah with which City
a considerable trade is done by Basra and Bagdad.
We shall of course instruct our Managers that every pos
sible assistance must be given to the operations of the British
Authorities and that they must be prepared to hold at the disposal
of the British and Indian Governments, if called upon, our Kran
resources against payment in sterling or rupees Indian silver coin also widely used in the Persian Gulf. at the current rate
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‘ y of Exchange .
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Trusting, that our action will meet with your support,
I am, Sir,
IO
Pjfi ur \°4£l
ent Servant,
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Manager,