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Coll 28/67 ‘Persia. Annual Reports, 1932–’ [87v] (174/644)
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. .
Transcription
This transcription is created automatically. It may contain errors.
■BP
—
74
Justice (3*8 million). Expenditure in respect of the Ministry of Foreign
Affairs, Ministry of Public Instruction, and Posts and Telegraphs, was last year
shown partly in rials and partly in pahlavis, but there is a net increase in terms
of rials in connexion with each of these departments. Provision is made for the
expenses of the Opium Monopoly (4-7 million rials) and of the Tobacco Monopoly
(2 165 million). Large reductions are made in the budgets for the Ministry of
Finance (approximately 12-8 million rials) and for the Department of Industry
and Agriculture (7'1 million). The appropriation for the working of the sugar
and match monopoly, as stated above, is reduced from 30 million rials to
790,000 rials.
483 A supplement published with the budget contains two important
items : (1) The allocation from cash reserves of an unspecified sum in rials for
the purchase of foreign exchange for Government requirements and for. the
protection of foreign exchange rates from artificial fluctuations; and (2) the
authorisation of the repayment to His Majesty’s Government in the United
Kingdom of the pre-war loans, amounting to £490,000.
484. The following important revenue items do not appear in the budget:
Anglo-Persian Oil Company royalties, which are added to the Government
foreign exchange reserves held abroad; that part of the road tax which is devoted
directly to road construction and maintenance; and receipts from the Sugar and
Tea Monopoly, which are paid into the railway fund.
Financial Situation.
485. As has been indicated above, the annual budget gives no more than a
partial insight into the finances of the Persian Government. Unfortunately, it
is most difficult to fill in the missing parts of the picture, since the authorities
are very reticent on the subject, and repeated reminders from His Majesty’s
Legation have failed to elicit a reply to the standardised questions concerning
revenue, expenditure, debts, &c., required for the Stock Exchange Official
Intelligence.
486. Last year an attempt was made to appraise the financial situation on
the 20th December, 1932, but it is not possible with the meagre information on
hand to make so detailed an estimate this year. From the Anglo-Persian Oil
Company about £4,500,000 was received during 1933 in respect of royalties,
taxation, and general settlement as a result of the revision of their concession.
No credits were voted last year in respect of purchases of military supplies, and
it is assumed that the appreciable purchases of military aircraft, mainly from
the United Kingdom, were effected from the large appropriations made in
1932-33 shown in the annual report for 1932. Payments made or authorised
during the year included £490,000 for repayment of the pre-war loans due to
His Majesty’s Government, £400,000 on account of two new sugar factories
ordered, £150,000 for the purchase of railway rolling-stock, and £100,000 as
the first annual subsidy to industries established in Persia (vide “ Agriculture,”
below).
487. If one may assume that no payments other than those mentioned were
made, the Government’s holdings of foreign exchange abroad would show an
increase of about £3,360,000. In view of the uncertainties of the foreign
exchange market, the Government were naturally concerned to reduce as far as
possible the risk of loss on these considerable holdings, and in the latter part of
1933 more than £2 million worth of gold was acquired in London and shipped
to Persia. In view of the subsequent depreciation of sterling and appreciable
increase in the price of gold, this would appear to have been a very wise and
timely action on the part of the Persian Government.
488 Silver bullion to the value of £139,000 was also acquired in London
for the purpose of providing additional cover for the note issue.
489. Fiom such knowledge as is available, it seems reasonable to assume
that, as a result of the favourable financial results of the settlement of the
dispute with the Anglo-Persian Oil Company and of the increase in the gold
reserve to about £3,400,000, the financial position of the Persian Government
at the end of 1933 was appreciably stronger than at the same period of 1932.
About this item
- 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 View the complete information for this record
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- Reference
- IOR/L/PS/12/3472A
- Title
- Coll 28/67 ‘Persia. Annual Reports, 1932–’
- Pages
- front, front-i, 2r:91r, 92r:308v, 308ar:308av, 309r:320v, back-i, back
- Author
- East India Company, the Board of Control, the India Office, or other British Government Department
- Usage terms
- Open Government Licence