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Coll 28/67 ‘Persia. Annual Reports, 1932–’ [‎34r] (67/644)

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The record is made up of 1 file (320 folios). It was created in 6 Dec 1933-27 Mar 1947. It was written in English and French. 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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65
t.
/.
should, on the above basis of calculation, have been reduced by 27^ million tomans 10,000 Persian dinars, or a gold coin of that value.
or 275 million krans, but part of this deficit has been made good by the Persian
Government’s profits on its purchases of gold.
371. The last of the statements published by the National Bank of the notes
issued by it, and the cover held against the note issue, revealed the interesting
fact that the Government on the 22nd December possessed 1,235,238-67 miscals
! gold (-975 fine) which, at 20-675 dollars to the troy ounce, works out at
3-7 million dollars approximately, or some 113 million krans. The Treasurer-
General, however, is known to have stated in the strictest confidence that this
stock of gold only cost 80 million krans. As the export of gold is prohibited, and
smuggling has been rendered difficult, its price on the local market is frequently
10-15 per cent, below the world rate, while silver has also depreciated of late, and
it was with silver krans from the trust funds that these purchases of gold were
effected during the last two years. It is not often that the Persian Government
have made a good investment, and they are to be congratulated on this one.
372. The kran balances on the 20th December, 1932, can now be assessed
at 222-5 millions (held in March 1931), minus 105 millions (spent on the railway),
plus 30 millions (representing the Government’s profits, actually unrealised, on
their gold purchases) = 147-5 million krans, or £1-46 million at 101.
373. Now the sterling balance held in March 1931 has to be subjected to
the following manipulations :—
£
Balance in hand March 21, 1931 ... ... ... 3 088 401
Credits—
(i) 1930 Royalty paid after March 20, 1931 ... 1,228,000
(ii) 1931 Royalty refused by Persian Government,
but, nevertheless, credited to their account
in 1932 ... ... ... ... 307,000
Total
Debits—
(i) Balance of 1929-30 armament
£
appropriation ...
348,000
(ii) 1931 and 1932 appropriations
for purchase of gunboats
780,000 ?
(iii) Latest armament vote in
1932-33 budget
1,500,000
4,623,401
2,628,000
Unappropriated balance ... 1,995,401
Say ... ... 2,000,000
Note.—T here is some doubt regarding the exact figure of the naval appro
priations, three in all.
374. The total balances on the 20th December, 1932, if these calculations are
correct, amounted to £1 • 46 plus £2 million = £3 • 46 as compared with £5 • 5 million
in March 1931, a fall of just over 37 per cent.
375. Unfortunately for the Persian Government their “ gold reserves,” at
the time His Majesty’s Government in the United Kingdom decided to go off gold
(in September 1931), were actually in sterling, and the dollar equivalents of P the
sterling amounts just quoted, viz., 11,504,500 dollars and 26,620,000 dollars, show
a fall of 56-8 per cent.
376. If one assumes the funded and floating debts of the Persian Govern
ment to have remained at the same figure since March 1931, which seems
permissible, their financial situation on the 20th December, 1932, works out as
follows :—
£
Funded Debt .. .. .. 1,600,000
Floating- Debt 6 • 6 million krans at 101 66,000
Credit balance .. .. .. 1,794,000
f
Kran balances 147*5 million rials at
101 .. .. .. .. 1,460,000
Sterling- balances.. .. .. 2,000,000
[8706]
3,460,000
3,460,000
F

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Content

Annual reports for Persia [Iran] produced by staff at the British Legation in Tehran. The reports were sent to the Foreign Office by HM’s Envoy Extraordinary and Minister Plenipotentiary A diplomatic representative who ranks below an ambassador. The term can be shortened to 'envoy'. at Tehran (from 1943, Ambassador to Iran). The reports cover the following years: 1932 (ff 2-50); 1933 (ff 51-98); 1934 (ff 99-128); 1935 (ff 129-165); 1936 (ff 166-195); 1937 (ff 196-227); 1938 (ff 228-249); 1939 (ff 250-251); 1940 (ff 252-257); 1941 (ff 258-266); 1942 (ff 267-277); 1943 (ff 278-289); 1944 (ff 290-306); 1945 (ff 307-317); 1946 (ff 318-320).

The reports for 1932 to 1938 are comprehensive in nature (each containing their own table of contents), and cover: an introductory statement on affairs in Persia, with a focus on the Shah’s programme of modernisation across the country; an overview of foreign relations between Persia and other nations, including with the United Kingdom, British India, and Iraq; Persia’s involvement in international conventions and agreements, for example the League of Nations and the Slave Traffic Convention; British interests in or associated with Persia, including Bahrain and Bahrainis resident in Persia, the Residency An office of the East India Company and, later, of the British Raj, established in the provinces and regions considered part of, or under the influence of, British India. at Bushire, the Anglo-Persian Oil Company, Imperial Bank of Persia, and the Imperial and International Communications Company; political affairs in Persia, including court and officials, majlis, tribes and security; economic affairs in Persia (government finances and budgets, trade, industry, agriculture, opium production); communications (aviation, railways, roads); consular matters; military matters (army, navy, air force).

Reports from 1939 to 1946 are briefer in nature, Reports from 1941 onwards focusing on the Anglo-Soviet occupation of Persia, and the role of United States advisors in the Persian Government’s administration.

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 (320 folios)
Arrangement

The file’s reports are arranged in chronological order from the front to the rear of the file. Each report for the years 1932-1938 begins with a table of contents referring to that report’s own printed pagination sequence.

Physical characteristics

Foliation: the foliation sequence (used for referencing) commences at the front cover with 1, and terminates at the inside back cover with 321; 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 file contains one foliation anomaly, f 308A

Pagination: Each of the reports included in the file has its own printed pagination system, commencing at 1 on the first page of the report.

Written in
English and French in Latin script
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Coll 28/67 ‘Persia. Annual Reports, 1932–’ [‎34r] (67/644), British Library: India Office Records and Private Papers, IOR/L/PS/12/3472A, in Qatar Digital Library <https://www.qdl.qa/archive/81055/vdc_100056661166.0x000044> [accessed 29 March 2024]

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