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Coll 6/10(2) 'Saudi-Arabian Affairs: Financial and Internal situation' [‎13r] (25/54)

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The record is made up of 1 file (25 folios). It was created in 23 Apr 1939-11 Jan 1940. 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. .

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Kxtract from the toa al ,ura Ho. ?72 of ^eatemba^.._
L
Official Oomrnmigu^ Ho. 41.
In view of the fact that the trade of this country and its
financial transactions are based on the English gold pound, and
also of the fact that the import of nglioh sovereigns has become
difficult, owing to the present circur stances of the world, the
Government of His Majesty the King, being desirous of facilitating
commercial transactions exchanged abroad, and of assisting the
people to continue their regular commercial transactions without
any difference, and to maintain their trading business abroad on
the same scale in practice ; and whereas the weight of the
Arabian riyal, the quality of its silver and its fineness are
similar to those of the Indian rupee, the Ministry of Finance has
therefore agreed with the Netherlands Trading Society at Jedda,
and the Eastern Bank at Bahrein to accept from the merchants and
the public the Baud! Arabian riyal at a rate equal to that of
the Indian rupee exactly.
The Hetherlan&s Trading Society at Jedda, and the Eastern
Bank at Bahrein, are, under the aforesaid agreement, prepared
to give to the merchants and the public drafts drawn on abroad
in any .foreign currency, and to repay the drafts drawn on merchants
against their value in Baud! Arabian riyals as abofce mentioned.

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Content

This file relates to the finances of the Saudi Arabian Government and to the political situation in Saudi Arabia generally. It consists partly of copies of correspondence between the Political Resident A senior ranking political representative (equivalent to a Consul General) from the diplomatic corps of the Government of India or one of its subordinate provincial governments, in charge of a Political Residency. in the Persian Gulf The historical term used to describe the body of water between the Arabian Peninsula and Iran. (Lieutenant-Colonel Sir Trenchard Craven William Fowle, succeeded by Major Charles Geoffrey Prior) and the Political Agent A mid-ranking political representative (equivalent to a Consul) from the diplomatic corps of the Government of India or one of its subordinate provincial governments, in charge of a Political Agency. at Bahrain (Hugh Weightman), and partly of copies of correspondence received by the Foreign Office from the British Minister at Jedda (Sir Reader William Bullard), which have been forwarded by the Under-Secretary of State for Foreign Affairs to the Under-Secretary of State for India. Matters discussed in the correspondence include changes to the value of the Saudi riyal, Ibn Saud's [‘Abd al-‘Azīz bin ‘Abd al-Raḥmān bin Fayṣal Āl Sa‘ūd's] indebtedness to the Qusaibi [Āl Quṣaybī] family, and concerns held both by the Political Resident A senior ranking political representative (equivalent to a Consul General) from the diplomatic corps of the Government of India or one of its subordinate provincial governments, in charge of a Political Residency. and by the Political Agent A mid-ranking political representative (equivalent to a Consul) from the diplomatic corps of the Government of India or one of its subordinate provincial governments, in charge of a Political Agency. that members of the Qusaibi family could attempt to establish themselves as official representatives of Ibn Saud in Bahrain. The file also includes a short report from the British Minister at Jedda, which discusses the state of affairs in Saudi Arabia generally.

The file includes a divider, which gives a list of correspondence references contained in the file by year. This is placed at the back of the correspondence.

Extent and format
1 file (25 folios)
Arrangement

The papers are arranged in approximate chronological order from the rear to the front of the file.

Physical characteristics

Foliation: the foliation sequence for this description commences at the front cover with 1, and terminates at the inside back cover with 27; 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. A previous foliation sequence, which is present between ff 1-26 and is also circled, has been superseded and therefore crossed out.

Written in
English in Latin script
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Coll 6/10(2) 'Saudi-Arabian Affairs: Financial and Internal situation' [‎13r] (25/54), British Library: India Office Records and Private Papers, IOR/L/PS/12/2076, in Qatar Digital Library <https://www.qdl.qa/archive/81055/vdc_100049242408.0x00001a> [accessed 5 March 2024]

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