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Coll 20/1 'Muscat: Financial Situation: Budget Estimates, etc.' [‎244v] (488/732)

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The record is made up of 1 file (364 folios). It was created in 19 Mar 1928-8 May 1947. 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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revision (as affecting Prance and Great Britain) submitted
in the same despatch. These will be dealt with on the
tariff revision file.
X- The position is briefly that we have hitherto been
under the impression that, while the Muscat financial situation
was extremely unsatisfactory, it ought to be possible to make
ends meet by the revision of the tariff provisions of the
French and U.S.A. Treaties with Muscat, if this could be
secured, coupled with a rigid internal economy. The fact
that the Arms Traffic subsidy of Rs.l lakh One lakh is equal to one hundred thousand rupees is personal ^o
the present Sultan and ceases mth the cessation of his rule,
and the fact that his abdication would involve the State in
a liability for a pension to him which in present circumstances
it could not afford, were strong arguments for persuading His
Highness to delay his abdication until the general financial
situation was better.
Prom the despatch now submitted it appears that the
new Financial Adviser, Mr. Hedgcock, on taking over the duties
hitherto performed hy Mr. Bertram Thomas, at the end of December,
found that the financial position was materially worse than had
been represented. The accounts appear to have been carelessly
kept; the rate of exchange at which the dollar was calculated
is described as "wholly fictitious"; and finally, debts have
been incurred with local merchants which had not been disclosed
and which apparently had not previously appeared in the accounts.
The general effectwis to show a deficit (excluding the balance
of the Government of India loan, amounting to Rs.77,841) on
1st January, 1931, of rather over Rs.2 lakhs One lakh is equal to one hundred thousand rupees , while the immeuiate
(para. 4)
financial stringency was such/.that an overdraft of Rs. ,
was essential if the State was to be able to obtain sufficient
funds to pay its way for a month or two until measures to deal
with the situation could be devised by * r - s ^f^ ously/

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Content

The file contains correspondence relating to Muscat state finances. The correspondence is between 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. and Consul, Muscat, 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. , the Government of India (External Affairs and Foreign and Political Departments), 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 Sultan of Muscat and Oman, Said bin Taimur [Sa‘īd ibn Taymūr Āl Bū Sa‘īd].

The file includes:

Extent and format
1 file (364 folios)
Arrangement

The file is arranged in chronological order from the back to the front.

Physical characteristics

Foliation: the foliation sequence commences at the inside front cover with 1, and terminates at the last folio with 365; 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 also circled, has been superseded and therefore crossed out.

Please note ff 326-330 may not be original to this file as its existing foliation was not consistent with the rest of the file.

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English in Latin script
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Coll 20/1 'Muscat: Financial Situation: Budget Estimates, etc.' [‎244v] (488/732), British Library: India Office Records and Private Papers, IOR/L/PS/12/2951, in Qatar Digital Library <https://www.qdl.qa/archive/81055/vdc_100056552620.0x00005b> [accessed 24 April 2024]

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