File 2678/1917 Pt 1 'Persia: Financial arrangements Rouble Exchange' [230r] (132/417)
The record is made up of 1 item (206 folios). It was created in 8 Jun 1917-24 Dec 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.
fThls Docaiceat is the Property oi His Britannic Majesty's Government, and
should be retiiraed to the Foreign Oitice when done with unless required
lor official use.]
M
ii
1 r.
recyplier.
Sir 0. Marling. (Teheran). November 5th,1917,
D. 5,0 8 p.ta. November 5th. 1917.
N. 3,O.a.m. November 6th.1917.
No. 371
Your telegram 203.
Manager of Imperial Bank of Persia has received
telegraphic instructions from his Board that 15,600,000
Kran monthly are to be paid into Nussian Baiik whicn
v/iii receive directions from Russian lainister of
Finance a.s to d i sfcr i out ion to van ions j -ilitary
Authorities 0
If this procedure is followed uf knowledge of
methods of Russian Bank convinces me that there will
be great delay in money, reaching troops and I would
urge payments be made direct oy Imperictl Bm^ Oj. 1 o.
to responsible officers under reasonable limitations,
Ver?/ Confidential^
I have little doubt that above mentioned arrange
ment has been contrived in interest or Nussian nsm
to enable it to utilise part of money for its own
pur Doses.
Repeated to Petrograd,
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About this item
- Content
This part contains papers relating to the financing, by the British Government, of the Imperial Russian Army in Persia [Iran], notably difficulties concerning the acquisition of currency for the payment of troops, and the development of British policy regarding the method of distribution of funds to the Russian military authorities in Persia. The papers notably cover:
- Problems with: purchasing roubles [rubles] in Russia due to restrictions on agents of the Imperial Bank of Persia in Russia; the remittance of roubles through Persia; and the poor rouble exchange rate due to the depreciated value of the currency
- ‘Lawless’ behaviour of Russian troops in Persia, notably at Hamadan, Kermanshah and Kasvin [Qazvin], including looting of bazaars, apparently following the refusal of marketeers to accept the depreciated rouble
- Problems of the Russian military authorities, notably the ‘Caucasian Army’ [Russian Caucasus Army] under General Baratoff [Nikolai Nikolaevich Baratov], in obtaining funds from the Russian Government, and requests for British financial support and loans
- British concerns that the departure of Russian troops would leave Persia vulnerable to attack by Turkish [Ottoman] forces, and plans to send a British force to the region
- The need of the British Government and the Government of India to balance financial pressures in Persia with those of the war effort elsewhere
- Plans for the acquisition of silver by Russia from America, and its transfer to Petrograd [St Petersburg] for minting of Persian money (Krans) and onward transmission to Persia, or for transfer to Teheran [Tehran], via Petrograd, for minting in Persia, to meet the requirements of the Russian troops (see also IOR/L/PS/10/687/2)
- British decision to set up a Commission, or Board, in Hamadan, for the control and distribution of Krans to finance and pay Russian troops in Persia (rather than distribute funds via a Russian Bank or directly to the Russian military authorities), and difficulties over recruiting staff who are both sufficiently experienced and available (see also IOR/L/PS/10/687/2)
- Growing British doubts in late 1917 about the reliability of Baratoff’s army and the policy of continuing to finance it, notably the War Office’s view that it is out of control, under the influence of Bolshevik committees, and at risk of being utilised against British interests.
The papers mostly consist of: covering letters of the Under-Secretary of State for Foreign Affairs to the Under-Secretary of State for India, with related enclosures; minute papers of 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. Secret and Political departments; copies of decyphered telegrams; copies of correspondence; notes and letters by 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. officials. 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. minute papers are annotated chiefly by John Evelyn Shuckburgh, Secretary, Political and Secret Department, and Francis H Lucas, Secretary, Financial Department.
The main correspondents are as follows: the Foreign Office; 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. , including various Financial Department officials; Sir Charles Marling, Envoy Extraordinary and Minister Plenipotentiary A diplomatic representative who ranks below an ambassador. The term can be shortened to 'envoy'. , Teheran; George Newell, Manager, Imperial Bank of Persia, London; Monsieur S Ermolaieff [Yermolayev?], Agent of the Imperial Russian Treasury, India House, London; and M Nabokoff [Konstantine Dmitrivitch Nabokov], Chargé d’Affaires of the Russian Government in London. Other correspondents include: Sir Cecil Spring Rice, British Ambassador to the United States, Washington (also a former Ambassador to Persia [Iran] 1906-1908), and Sir George William Buchanan, British Ambassador to the Russian Empire (up to the October Revolution), Petrograd [St Petersburg].
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- 1 item (206 folios)
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- English and French in Latin script View the complete information for this record
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File 2678/1917 Pt 1 'Persia: Financial arrangements Rouble Exchange' [230r] (132/417), British Library: India Office Records and Private Papers, IOR/L/PS/10/687/1, in Qatar Digital Library <https://www.qdl.qa/archive/81055/vdc_100110327474.0x00004a> [accessed 15 July 2026]
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- Reference
- IOR/L/PS/10/687/1
- Title
- File 2678/1917 Pt 1 'Persia: Financial arrangements Rouble Exchange'
- Pages
- 166r:171v, 172ar:172av, 172v:190v, 191ar:191av, 191av, 192r:196v, 197ar:197av, 197v:237v, 238v:239v, 241v:250v, 251v:252v, 253v:255v, 257v:258v, 259v:260v, 261v, 262v, 263v:266v, 267v, 268v, 269v:276v, 277v, 279v, 280v, 281v:283v, 287v:289v, 290v, 291v:294v, 295v, 296v, 297v:298v, 300v:305v, 306v, 307v:308v, 309v, 310v:311v, 312v, 314v:329v, 330v, 331v, 333v:334v, 335v:340v, 341v:359v, 360v, 361v, 362v, 363v:365v, 366v:367v, 370r:372v
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- East India Company, the Board of Control, the India Office, or other British Government Department
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