مجموعة ٣٠/ ٢٢٤ "ترتيبات العملة في المشيخات العربية في الخليج الفارسي." [ظ‎‎٣‎١] (١٥٧/٧٠)

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L
. _ 4 h - lioiicluBion that an altarnetivo
(IV) Uarlng cwne to tbe coiici ^ feellng E ura
currancy for the aulf st8 ‘*“ currwioy the Treasury would
that on recommending an ti * oa of the varloua
wish to have soma idea of * oposal. I have sought U*
cositainitisa in the 8 tat.es W sue d P ta o Se oi - the sheiich/a of
views of individuals, “*rchanta, lor an alternative
Kuwait and tsahrein respectively previous paragraph,
currency on the linea in any wa y ®hd have made It
S t “‘ u,e “** “
unofficial and purely tentative.
(V) The Political are*very much In
with whom I have discussed thl vie „ B m favour* and
favour of it. The oaaitsre t«» s^reseed^^ ^ COIltinuanoe 0 f
In fact aaid that they could „ M itian The Arab merchants
the present Baoiot.louE carrenc/^ . J o^. but * ould aot
in Kuwait are gea<-iftli.y 1 . atudv of the Question. In
commit thesaeelves without forth change according to
my view they will dee lac for £ *;f x ‘^ “ t gold trans-
whethar or not such •, •*““ 8 ?*®*^.?™ paragraph IX below.)
actions with India. that 11 anything happened to
They were states were still using, that
the Indian rupee whi-^t uae D ia ie h xor not warxxiiig
currency they * ottid .!^* ie 8 lt ? ** هذه التواريخ تقريبية n fj 2 lk h of Kuwait with whom the
^ Of that possibility. Political agent and
question wee unofl rurally - ^ tbat there waB no suggestion
Rv/aelf visited tina* on oei»® . t*r<sn hie ooint of
H sTsl“I|g% S “
sspr^
Bahrein, with whom this question wee urocusseu
him with the Political resident, ospressod nit ulfcliic*
a cur^eucy administered by a country over v.hich r .^.Ge h*a no
control. y uut he too before oo-nitting aimeeir would consul
the ^rchants lor their viei&s on the i >ro i >oljal8 * thiat
significant, however, that both oheiXhB expressed ton vie„ tnat
itr, . 3 . epona ored a currency change, they wouldbe
It ia algaif leant too that cert her the ShelKh ofi.uwaitnor.tie
dheiXh of Bahrein pressed for a currency for their own w.ielivnaoia
(in contrast to recent pressure in tais respect; but were
preoared to participate in a unified currency system ior U^e
whoi« of the Gulf area# Neither of them expressed any objection
to the management of e new currency, if* it is decided to
introduce one, being vested in a Currency board in iwondon# Jii
the contrary, in their view such management would he a sine
qua non#
It seems lively, tnereiore, ti*at if decided
to recoi/iaiend a chaiige in curi*eacy for the Gulf ntstes either
on the lines of the plan proposed above or some other plan,
(see paragraph (VIIX> below), the dheiiche of Kuwait and rahreia
could be persuaded to adopt the plan without very much diliiculty*
As regard* the smaller oheixudoms, which unfortunately I
unable to visit, the political Eaaident of tna opialon that
the aheikhs there voulu follow the advice of HwM# 8 #
(VIX) rather surprisingly, the gi*eatest protagonists for
a n< currency are the o ficials of the Bahrein betroleum
Comp&uiy# hey fina the continue cl use of the Indian rupee
cookietely out of line with the present day situation and are
/worried
, C * ^ Ecm: ~TTZ -r—."'a 1 -- 1 vi- ;■ »>■
of th- form it should take# ^y thoughts on these questions with
my recas&iendEtions are given In the following chapter#