File 1262/1915 Pt 2 'Persia: Financial assistance: The Moratorium' [‎275r] (313/424)

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1 have laid before the Lords Commiseioners of
lie Mfijoaty's treasury Sir iyre Crowe's letter of the
18th ull. Uio (¥, 29579/16J, stating that the Persian Covern-
aent have re-uested that the total of the accumulations
p-yatae to tlieu. under the head of a aoratorium for the
aontie January to September, »«y now be placed at
their ’iapasal at the imperial Bank of Persia in London.
Ajr Loris here also had before Them sir Maurice
do Bunsen's latter of tne 9th instant (v. 36451/16) further
rdsp«3Qt,iii3 theae p^nBMini 0 «
•cretsry sir dward r.rey must of course decide
uet/ier '.he present is the appropriate moment on political
ground* to p R y over to the Persian Government the arrears
of suteidy aeked for by them; or whether the payment might
with a better political effect be deferred to a later date.
to point out that in view of Exchange difficulties with
lersia, while the money can be transferred to the Persian
Government Account with the imperial Bank in London, it cannot
bo made available in .ersia. The Bank will no doubt be able
to make a profit on the sum deposited with them; but if the
Persian ■ overnment endeavour to remit to Persia , the flnanoia
ifi icultiog there vill only he aggravated*
Their Lordshine have already assented to the
payment to ilte } ersian uoverranent of sums not exceeding a
i-'^xiraam of £Zt 9 oo(j a month for the period commencing .th® 8th
r A ^ c^v^ro^j-
Jamuary, 1915, but They observe from the tetW letier that
Under Secretary of State,
oreign Office,
the