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'File 11/57 Political Situation in India & Pakistan' [5r] (9/26)
The record is made up of 1 file (12 folios). It was created in 13 Feb 1948. 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. .
Transcription
This transcription is created automatically. It may contain errors.
received the Pakistan Governments reply to their note of 23rd
December, they submitted their complaint to the Security Council*
Financial Relations * At the meeting at Lahore on 8th December
referred to above agreement was reached between the two Dominions on
a number of important outstanding questions* Pakistan’s share of the
cash balances of the old undivided Government of India on the date of
partition was agreed at Hs,75 crores, instead of only Rs*20 crores.
Pakistan's share of the uncovered debt was agreed at 17wfo, to be
paid in Indian
rupees
Indian silver coin also widely used in the Persian Gulf.
in fifty annual payments of principal and
interest* The value of all pensions in issue are to be capitalised
and the liability shared in the ratio agreed for sharing the
uncovered debt, Pakistan’s share of military stores is to be one
third of the stocks held on 15th August. In addition to the sterling
assets to be transferred to Pakistan under the Pakistan (Monetary
System and Reserve Bank) Order, it was agreed that Pakistan should be
allowed to buy additional blocked sterling up to a limit to be
ascertained by an agreed formula. Agreement was also reached on the
question of the treatment of property belonging to refugees.
7* Subsequently an Indian Delegation visited Karachi for preparatory
talks with the Pakistan Government on sterling balance releases. It
was agreed that a system of separate accounting for foreign exchange
earnings and expenditure for the two Dominions should come into force
on 1st January.
8. These agreements encouraged hope that, despite the deadlock on •
Kashmir reached at the same meeting, a settlement on Kashmir also
might follow, but these hopes were stilled when, at the subsequent
meeting at Delhi on 21st and 22nd December, the Governnent of India
made it clear that they were for the time being not prepared to
implement the agreement of 8th December so far as it related to the
transfer of Rs.55 erores cash balances until the Pakistan Government
ceased helping the Moslem forces in Kashmir.
/J unagadh
About this item
- Content
This file contains a report entitled 'Events in India and Pakistan during December 1947' that was sent from the Persian Gulf The historical term used to describe the body of water between the Arabian Peninsula and Iran. 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. in Bahrain to the Political Agencies in Bahrain, Kuwait and Muscat. The report is divided up as follows:
A. Relations between the Two Dominions: Kashmir, Financial Relations, Jundagadh, Communal Situation
B. India: Internal Political Situation, Hyderabad, Eastern States, External Affairs, Food Policy, Industries Conference, Shipping, Import Control
C. Pakistan: Internal Political Situation, Muslim League, North West Frontier, External Affairs, Industries Conference, Food Situation, Railway Rates, Air Transport, Cotton, Jute.
- Extent and format
- 1 file (12 folios)
- Physical characteristics
Foliation: the foliation sequence (used for referencing) commences at the front cover with 1, and terminates at the inside back cover with 13; 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.
- Written in
- English in Latin script View the complete information for this record
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Copyright: How to use this content
- Reference
- IOR/R/15/6/401
- Title
- 'File 11/57 Political Situation in India & Pakistan'
- Pages
- front, front-i, 2r:12v, back-i, back
- Author
- East India Company, the Board of Control, the India Office, or other British Government Department
- Usage terms
- Open Government Licence