File 2678/1917 Pt 1 'Persia: Financial arrangements Rouble Exchange' [355r] (382/417)
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.
Minute Paper.
Department.
"toat appears absolutely cut of ttie question 7
, ; * f *
in the absence of the strongest presence from
the Foreign Officers to increase the Imperial
/
Banks Council Drafts. As a matter of fact it
has just been decided to reduce the total
Council Drafts weekly from Rs.120
lakhs
One lakh is equal to one hundred thousand rupees
to Rs.
90
lakhs
One lakh is equal to one hundred thousand rupees
in August, and this will have the affect
of reducing Hie Imperial Banks share proportionately.
The Bank will receive aletter to this effect
tomorrow morning. This reduction would not have
been made unless great issues of immediate Indian
interest were at stake, and the point in Sir.C
Marling*s telegram No.237 is unfortunately only
one of many which is at present clamouring for
alleviation at the expense of the G-ovemraent of
India’s diminishing coin reserves. Without
dissenting'from what is said in Mr.Shuckbur^i *s
note as to the gravity of the possibilities,had
we not better wait until we are pressed by the
Foreign Office? The Imperial Bank ! s share of
Council Drafts would then doubtless have to come
under review,
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].
- Extent and format
- 1 item (206 folios)
- Written in
- English and French in Latin script View the complete information for this record
Use and share this item
- Share this item
File 2678/1917 Pt 1 'Persia: Financial arrangements Rouble Exchange' [355r] (382/417), 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_100110327475.0x00007c> [accessed 28 July 2026]
https://www.qdl.qa/en/archive/81055/vdc_100110327475.0x00007c
Copy and paste the code below into your web page where you would like to embed the image.
<meta charset="utf-8"><a href="https://www.qdl.qa/en/archive/81055/vdc_100110327475.0x00007c">File 2678/1917 Pt 1 'Persia: Financial arrangements Rouble Exchange' [‎355r] (382/417)</a> <a href="https://www.qdl.qa/en/archive/81055/vdc_100110327475.0x00007c"> <img src="https://iiif.qdl.qa/iiif/images/81055/vdc_100000000419.0x000245/IOR_L_PS_10_687_0723.jp2/full/!280,240/0/default.jpg" alt="" /> </a>
This record has a IIIF manifest available as follows. If you have a compatible viewer you can drag the icon to load it.https://www.qdl.qa/en/iiif/81055/vdc_100000000419.0x000245/manifestOpen in Universal viewerOpen in Mirador viewerMore options for embedding images
Copyright: How to use this content
- 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
- Author
- East India Company, the Board of Control, the India Office, or other British Government Department
- Usage terms
- Open Government Licence
![File 2678/1917 Pt 1 'Persia: Financial arrangements Rouble Exchange' [‎355r] (382/417) File 2678/1917 Pt 1 'Persia: Financial arrangements Rouble Exchange' [‎355r] (382/417)](https://iiif.qdl.qa/iiif/images/81055/vdc_100000000419.0x000245/IOR_L_PS_10_687_0723.jp2/full/!1200,1200/0/default.jpg)