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File 1262/1915 Pt 2 'Persia: Financial assistance: The Moratorium' [229r] (221/424)
The record is made up of 1 item (212 folios). It was created in 8 Jan 1916-26 Nov 1917. 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.
reference, and to say that My Lords share the hope
of the Russian Government that it .may prove possible
after negotiations at Tehran to reduce the amount of
these subsidies.
I am to point out that by this arrangement
Indian revenues are relieved of the liability which
the Secretary of state for India in Council agreed'to
assume in sir T. Holderness' letter of the 23rd
February last (see Foreign .Office letter No. 36431^6
of 9th March) to provide one-half of the Russian
advances to Persia at such rate of interest as His
Majesty's Government might arrange with the Russian
Government.
As Sir E. Grey is aware, the rate of interest
which that Government has undertaken to pay on these
advances in respect of the period up to 31st March
last is 3%, though a book credit of 6 % will be
obtained thereafter; My Lords presume that Mr.
Secretary Chamberlain will be prepared to accept as a
charge on Indian Funds one half of the loss entailed
by making advances up to 31st March at a rate of
interest below that at which the money was raised.
I am, etc.,
(Signed) T. L. Heath.
About this item
- Content
Correspondence, minute papers, and memoranda concerning financial assistance, in the form of a moratorium on debt payments, given to the Government of Persia by the governments of Britain and Russia. The papers form part of the discussion of a number of related matters, including:
- The practicalities of making back payments to Persia for loan repayments made during the period of the moratorium
- The inability of the Russian Government to meet their share of payments
- The formation in early 1916 of an Anglo-Russian Financial Commission within the Persian Government to oversee financial matters.
The papers include six-monthly reports produced by the Anglo-Russian Financial Commission from August 1916 to October 1917.
The correspondence is principally between officials at 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 Foreign Office but further correspondence, usually included as enclosures, comes from officials at the Colonial Office, Treasury, British Legation in Tehran, and the Governments of Russia and Persia.
- Extent and format
- 1 item (212 folios)
- Written in
- English and French in Latin script View the complete information for this record
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File 1262/1915 Pt 2 'Persia: Financial assistance: The Moratorium' [229r] (221/424), British Library: India Office Records and Private Papers, IOR/L/PS/10/550/1, in Qatar Digital Library <https://www.qdl.qa/archive/81055/vdc_100075212214.0x000041> [accessed 16 August 2026]
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Copyright: How to use this content
- Reference
- IOR/L/PS/10/550/1
- Title
- File 1262/1915 Pt 2 'Persia: Financial assistance: The Moratorium'
- Pages
- 119r:181v, 188r:202v, 206r:246v, 248r:250v, 252r:322v, 324r:330v
- Author
- East India Company, the Board of Control, the India Office, or other British Government Department
- Usage terms
- Open Government Licence